What were the key drivers of Targa Resources' financial performance in the second quarter of 2016?

While a detailed Q2 performance analysis isn't provided in the table of contents alone, investors should refer to 'Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations' for management's explanation of revenue, cost, and profit drivers, likely influenced by commodity prices and operational volumes.

How has Targa Resources managed its debt and financial obligations?

The Consolidated Balance Sheets and the MD&A section would contain information regarding Targa Resources' debt levels, liquidity, and ability to meet its financial obligations. Investors should scrutinize these sections for trends in leverage and access to credit facilities.

What are the primary risks facing Targa Resources according to this filing?

Investors can find a comprehensive overview of potential risks in 'Item 1A. Risk Factors.' These likely include commodity price volatility, regulatory changes, operational risks, and market demand for energy products.

Did Targa Resources engage in any significant legal proceedings during this period?

Investors should review 'Item 1. Legal Proceedings' to identify any new or ongoing legal actions that could have a material impact on the company's financial position or operations.

TRGP 10-Q Quarterly Report Q2 FY2016 — Revenue, Net Income, EPS

Summary

Targa Resources Corp.'s (TRGP) 10-Q filing for the period ending June 30, 2016, reveals a company navigating the volatile energy market. The report details financial performance across its gathering and processing, and marketing segments. Investors should note the company's focus on maintaining operational stability and managing its debt obligations amidst prevailing commodity price pressures. The filing provides a snapshot of the company's financial health, including its assets, liabilities, and cash flow generation capabilities.

Financial Highlights

47 data points

Beta

Net Income

-$23.20M

EPS (Diluted)

$-0.33

Total Assets

$13.00B

Cash & Equivalents

$170.90M

Free Cash Flow

$98.60M

Financial Statements

Beta

Gross Profit	$438.40M
Operating Income	$66.30M
Net Income	-$23.20M
EPS (Basic)	$-0.33
EPS (Diluted)	$-0.33
Shares Outstanding (Basic)	161.60M
Shares Outstanding (Diluted)	161.60M

Key Highlights

1The report includes the Consolidated Balance Sheets as of June 30, 2016, and December 31, 2015, providing insight into the company's asset base and financial structure.
2Consolidated Statements of Operations detail financial performance for the three and six months ended June 30, 2016, against the prior year, highlighting revenue and expense trends.
3Analysis of the Consolidated Statements of Cash Flows for the six months ended June 30, 2016, is crucial for understanding the company's cash generation and utilization.
4Management's Discussion and Analysis (MD&A) offers critical context on the company's financial condition, results of operations, and strategic outlook.
5The filing includes 'Risk Factors,' which are essential for investors to understand potential challenges and uncertainties facing Targa Resources.
6Disclosure on 'Legal Proceedings' is provided, allowing investors to assess any material ongoing litigation that could impact the company's financial standing.

Targa Resources Corp. Quarterly Report for Q2 Ended Jun 30, 2016

Summary

Financial Highlights

Key Highlights

Frequently Asked Questions