8-KEarnings & ResultsExhibits & Filings

Targa Resources Corp. 8-K Report, Financial Results (Feb 14, 2013)

Filed February 14, 2013For Securities:TRGP

Summary

Targa Resources Corp. (TRGP) filed an 8-K on February 14, 2013, to report its financial results for the fourth quarter and full year ended December 31, 2012. The filing primarily serves to incorporate by reference a press release detailing these results and announcing a scheduled conference call to discuss them. Investors should note that the press release and accompanying discussions utilize non-GAAP financial measures, such as distributable cash flow, gross margin, operating margin, and Adjusted EBITDA, which are reconciled to their GAAP equivalents. The key takeaway for investors is the availability of the Q4 and full-year 2012 financial performance data through the furnished press release. While specific financial figures are not detailed within the 8-K itself, the report directs stakeholders to the press release (Exhibit 99.1) and an upcoming conference call for a comprehensive overview. Investors are advised to review these materials to understand the company's operational and financial condition, paying close attention to the provided non-GAAP metrics and their reconciliations.

Key Highlights

  • 1Filing reports financial results for the three months and year ended December 31, 2012.
  • 2Press release detailing the financial results is furnished as Exhibit 99.1.
  • 3A conference call to discuss the financial results was scheduled for February 14, 2013.
  • 4The press release and conference call will discuss non-GAAP financial measures including distributable cash flow, gross margin, operating margin, and Adjusted EBITDA.
  • 5Reconciliations of non-GAAP measures to GAAP are provided in the press release.
  • 6Investors are directed to the press release and conference call for detailed financial information and discussion.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce Targa Resources Corp.'s financial results for the fourth quarter and full year ended December 31, 2012, and to furnish the associated earnings press release (Exhibit 99.1) for public access. It also announces a conference call scheduled to discuss these results.

The detailed financial results are contained within the press release dated February 14, 2013, which is filed as Exhibit 99.1 to this 8-K. Investors should refer to this exhibit for specific financial figures and operational commentary.

This 8-K filing itself does not contain the full GAAP financial statements. It incorporates by reference a press release that includes financial results. While the press release mentions GAAP measures, it also heavily features non-GAAP financial measures, for which reconciliations are provided.

The filing mentions that the press release and conference call will discuss several non-GAAP financial measures, including distributable cash flow, gross margin, operating margin, and Adjusted EBITDA. These are provided alongside GAAP measures and are reconciled to their GAAP equivalents.