8-KEarnings & Results

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

Filed August 8, 2011For Securities:TRGP

Summary

Targa Resources Corp. (TRGP) filed an 8-K on August 8, 2011, to report its financial results for the second quarter and first half of 2011. The filing primarily serves to disseminate the company's earnings press release and announce a conference call to discuss these results. Investors should note that the company is reporting non-GAAP financial measures, including distributable cash flow, gross margin, operating margin, and Adjusted EBITDA, alongside traditional GAAP measures. Reconciliations for these non-GAAP metrics are provided within the furnished press release (Exhibit 99.1).

Key Highlights

  • 1Targa Resources Corp. reported financial results for the three and six months ended June 30, 2011.
  • 2The company issued an earnings press release on August 8, 2011, which is furnished as part of this 8-K filing.
  • 3A conference call was scheduled for August 8, 2011, at 10:30 a.m. Eastern time to discuss the financial results.
  • 4The conference call was webcast live, with a replay available on the company's website until August 22, 2011.
  • 5The filing highlights the use of non-GAAP financial measures such as distributable cash flow, gross margin, operating margin, and Adjusted EBITDA.
  • 6Reconciliations of these non-GAAP measures to their most comparable GAAP financial measures are included in the press release.

Frequently Asked Questions

This filing primarily references the company's earnings press release which discusses non-GAAP financial measures including distributable cash flow, gross margin, operating margin, and Adjusted EBITDA. These are presented alongside traditional GAAP measures.

The detailed financial results are contained within the press release dated August 8, 2011, which is furnished as Exhibit 99.1 to this 8-K filing and is incorporated by reference.

Investors interested in the company's performance should review the furnished press release (Exhibit 99.1) for detailed financial information and consider listening to the conference call or reviewing its replay to understand management's commentary on the results.

The filing explicitly states that non-GAAP measures should not be considered as alternatives to GAAP measures like net income or cash flow from operations. They are provided to offer additional insight into the company's performance and liquidity, and investors should refer to the provided reconciliations for a clear understanding of how they relate to GAAP figures.