8-KEarnings & ResultsExhibits & Filings

Targa Resources Corp. 8-K Report, Financial Results (May 5, 2011)

Filed May 5, 2011For Securities:TRGP

Summary

Targa Resources Corp. (TRGP) filed an 8-K on May 5, 2011, to report its financial results for the first quarter ended March 31, 2011. The filing primarily serves as notification of the earnings release and the accompanying conference call scheduled for the same day. Investors should note that the company intends to discuss non-GAAP financial measures, including distributable cash flow, gross margin, operating margin, and Adjusted EBITDA, alongside their GAAP equivalents. These non-GAAP metrics are considered important by the company for assessing its financial performance and liquidity. The full earnings press release, which contains the detailed financial results and reconciliations of non-GAAP measures, is furnished as an exhibit.

Key Highlights

  • 1Targa Resources Corp. announced its Q1 2011 financial results via press release on May 5, 2011.
  • 2A conference call to discuss the Q1 2011 results was scheduled for May 5, 2011.
  • 3The company will be discussing non-GAAP financial measures such as distributable cash flow, gross margin, operating margin, and Adjusted EBITDA.
  • 4Reconciliations between non-GAAP and GAAP financial measures are provided in the earnings press release.
  • 5Investors are advised that these non-GAAP measures should not be considered substitutes for GAAP measures.
  • 6The earnings press release is incorporated by reference as Exhibit 99.1 to the 8-K filing.
  • 7A replay of the conference call webcast will be available on the company's website until May 19, 2011.

Frequently Asked Questions

The main purpose of this 8-K filing is to formally report Targa Resources Corp.'s financial results for the first quarter ended March 31, 2011, and to provide notice of the accompanying earnings conference call.

Targa Resources will be discussing several non-GAAP financial measures, including distributable cash flow, gross margin, operating margin, and Adjusted EBITDA. These are presented alongside their comparable GAAP measures.

The detailed financial results and the reconciliations between non-GAAP and GAAP financial measures are available in the press release dated May 5, 2011, which is furnished as Exhibit 99.1 to this 8-K filing and can be found on Targa Resources' website.

A replay of the conference call webcast will be available through the Investors section of Targa Resources' website until May 19, 2011.