Summary
Targa Resources Corp.'s (TRGP) 10-Q filing for the period ending September 30, 2018, indicates a company actively managing its operations and financial position within the midstream energy sector. The report details financial performance, operational highlights, and risk factors, providing investors with insights into the company's current standing and future outlook. Investors should pay close attention to revenue generation, cost management, and any significant capital expenditures or debt levels as key indicators of the company's health and growth potential.
Financial Highlights
48 data pointsBeta
Financial Statements
Beta
| Revenue | $2.99B |
| Cost of Revenue | $2.38B |
| Gross Profit | $602.90M |
| Operating Income | $76.70M |
| Net Income | -$23.70M |
| EPS (Basic) | $-0.24 |
| EPS (Diluted) | $-0.24 |
| Shares Outstanding (Basic) | 226.50M |
| Shares Outstanding (Diluted) | 226.50M |
Key Highlights
- 1The report includes unaudited consolidated financial statements for the three and nine months ended September 30, 2018, compared to the same periods in 2017, allowing for year-over-year performance analysis.
- 2Management's Discussion and Analysis (MD&A) provides a crucial section for understanding the drivers behind the financial results, including operational performance, market conditions, and strategic initiatives.
- 3The filing outlines Targa Resources' assets and liabilities as of September 30, 2018, in its Consolidated Balance Sheets, giving insight into the company's capital structure and liquidity.
- 4Key financial metrics such as revenues, cost of operations, operating income, and net income/loss for the periods presented are detailed in the Consolidated Statements of Operations.
- 5The Consolidated Statements of Cash Flows offer information on the company's cash generation and usage from operating, investing, and financing activities, vital for assessing its ability to fund operations and investments.
- 6Item 1A, 'Risk Factors,' is critical for investors to understand potential challenges and uncertainties that could impact the company's future performance, including market volatility, regulatory changes, and operational risks.
- 7The 'Other Information' section, including legal proceedings and exhibits, may contain disclosures relevant to specific business events or ongoing matters that could affect shareholder value.
Frequently Asked Questions
The filing's 'Management's Discussion and Analysis of Financial Condition and Results of Operations' section would provide the detailed explanation for performance drivers. Generally, investors should look for factors impacting commodity prices, producer activity, and transportation volumes, as well as the company's fee-based versus commodity-sensitive revenue mix.
The Consolidated Balance Sheets as of September 30, 2018, along with the notes to the financial statements, will detail the company's debt levels, including any changes in long-term debt, and its available liquidity, such as cash and cash equivalents and credit facilities.
Item 1A, 'Risk Factors,' is where investors will find Targa Resources' assessment of significant risks. These often include risks related to commodity price volatility, the operational performance of its assets, regulatory changes, environmental matters, and its ability to access capital markets.
Information on capital expenditures and significant asset-related activities would typically be found in the Consolidated Statements of Cash Flows (under investing activities) and further elaborated upon in the 'Management's Discussion and Analysis' section.