8-KEarnings & ResultsExhibits & Filings

Targa Resources Corp. 8-K Report, Financial Results (Aug 1, 2013)

Filed August 1, 2013For Securities:TRGP

Summary

This Form 8-K filing by Targa Resources Corp. (TRGP) on August 1, 2013, primarily announces the release of its financial results for the second quarter and the first half of 2013. The report details that a press release containing these results was issued on the same date, accompanied by a conference call to discuss the financial performance. Investors can find the full earnings press release furnished as an exhibit to this report. The filing also highlights the company's use of non-GAAP financial measures, including distributable cash flow, gross margin, operating margin, and Adjusted EBITDA. While these measures are presented to offer additional insights into the company's performance, Targa Resources explicitly states that they should not be considered as substitutes for GAAP measures like net cash provided by operating activities or net income. Reconciliations of these non-GAAP measures to their GAAP equivalents are provided in the earnings press release.

Key Highlights

  • 1Targa Resources Corp. announced its financial results for the three and six months ended June 30, 2013.
  • 2The company issued an earnings press release on August 1, 2013, detailing its financial performance.
  • 3A conference call was scheduled for August 1, 2013, at 10:00 a.m. Eastern time to discuss the financial results.
  • 4The press release, furnished as Exhibit 99.1, is a key document for investors to review the detailed financial outcomes.
  • 5The filing emphasizes the use of non-GAAP financial measures such as distributable cash flow, gross margin, operating margin, and Adjusted EBITDA.
  • 6Targa Resources clarifies that these non-GAAP measures are supplemental and should be considered alongside GAAP measures.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly announce Targa Resources Corp.'s financial results for the second quarter and the first half of 2013, as detailed in their earnings press release issued on August 1, 2013.

Investors can find the detailed financial results in the earnings press release dated August 1, 2013, which is furnished as Exhibit 99.1 to this Form 8-K filing.

Targa Resources uses non-GAAP financial measures including distributable cash flow, gross margin, operating margin, and Adjusted EBITDA to provide additional insights into its financial performance.

No, Targa Resources explicitly states that their non-GAAP financial measures should not be considered as alternatives to GAAP measures. Investors are advised to consider these non-GAAP measures alongside GAAP measures such as net cash provided by operating activities and net income.