8-KEarnings & ResultsExhibits & Filings

Targa Resources Corp. 8-K Report, Financial Results (May 3, 2012)

Filed May 3, 2012For Securities:TRGP

Summary

Targa Resources Corp. (TRGP) filed an 8-K on May 3, 2012, to report its financial results for the first quarter ended March 31, 2012. The company announced its earnings and scheduled a conference call for investors to discuss these results. A press release detailing the financial performance, including non-GAAP measures, was furnished as an exhibit to the filing. Investors interested in Targa's performance for the first quarter of 2012 should refer to the press release (Exhibit 99.1) for specific financial details. The filing also highlights the use of non-GAAP financial measures such as distributable cash flow, gross margin, operating margin, and Adjusted EBITDA, with reconciliations provided to their GAAP equivalents. These non-GAAP measures are presented as supplementary information to understand the company's financial performance and liquidity.

Key Highlights

  • 1Targa Resources Corp. reported its first quarter 2012 financial results on May 3, 2012.
  • 2The company issued a press release (Exhibit 99.1) detailing its financial performance for the three months ended March 31, 2012.
  • 3A conference call was scheduled for May 3, 2012, at 10:30 a.m. Eastern time to discuss the quarterly results.
  • 4The earnings press release included non-GAAP financial measures such as distributable cash flow, gross margin, operating margin, and Adjusted EBITDA.
  • 5Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP measures were provided within the press release.
  • 6A replay of the investor conference call webcast was to be available on the company's website until May 17, 2012.

Frequently Asked Questions

This 8-K filing serves to report Targa Resources Corp.'s financial results for the first quarter ended March 31, 2012, and to furnish the related earnings press release as an exhibit.

The detailed financial results are available in the press release furnished as Exhibit 99.1 to this 8-K filing. This document includes specific financial performance data and is incorporated by reference into the report.

The filing highlights the use of non-GAAP financial measures, including distributable cash flow, gross margin, operating margin, and Adjusted EBITDA. These are provided to supplement the GAAP financial statements.

Investors should view these non-GAAP measures as supplementary information to understand liquidity and financial performance. The company provides reconciliations to the most directly comparable GAAP measures, and these non-GAAP figures should not be considered as direct replacements for GAAP measures like net income or cash flow from operations.