8-KEarnings & ResultsExhibits & Filings

Targa Resources Corp. 8-K Report, Financial Results (May 3, 2013)

Filed May 3, 2013For Securities:TRGP

Summary

Targa Resources Corp. (TRGP) filed an 8-K report on May 3, 2013, primarily to announce its financial results for the first quarter ended March 31, 2013. The report indicates that a press release detailing these results was issued on the same day, and a conference call to discuss the performance was scheduled. Investors should note that the company's reporting includes non-GAAP financial measures such as distributable cash flow, gross margin, operating margin, and Adjusted EBITDA. These non-GAAP figures are presented alongside GAAP measures, with reconciliations provided to facilitate understanding of the company's financial condition and operational performance.

Key Highlights

  • 1Targa Resources Corp. reported its first-quarter 2013 financial results on May 3, 2013.
  • 2The company issued a press release detailing the Q1 2013 financial performance.
  • 3A conference call was scheduled for May 3, 2013, to discuss the quarterly results.
  • 4The filing references that the company utilizes and reports on non-GAAP financial measures.
  • 5Key non-GAAP metrics mentioned include distributable cash flow, gross margin, operating margin, and Adjusted EBITDA.
  • 6Reconciliations between non-GAAP and GAAP financial measures are provided.
  • 7The report serves as an official record of the financial results announcement and related investor communication.

Frequently Asked Questions

The main purpose of this 8-K filing is to report Targa Resources Corp.'s financial results for the first quarter ended March 31, 2013, and to provide access to the press release and conference call information related to these results.

Targa Resources uses and reports on non-GAAP financial measures including distributable cash flow, gross margin, operating margin, and Adjusted EBITDA. The company provides reconciliations for these measures to their most comparable GAAP financial measures.

More detailed financial information can be found in the press release dated May 3, 2013, which is furnished as Exhibit 99.1 to this 8-K filing. A replay of the conference call will also be available on the Company's investor relations website.

Matthew J. Meloy, Senior Vice President, Chief Financial Officer and Treasurer, signed the report on behalf of Targa Resources Corp.