Summary
Targa Resources Corp. filed an 8-K on November 4, 2014, to report its financial results for the third quarter and first nine months ended September 30, 2014. The filing primarily serves to furnish a press release detailing these results, which also announced a conference call to discuss the performance. Investors should note the company's use of non-GAAP financial measures, including distributable cash flow, gross margin, operating margin, and Adjusted EBITDA, with reconciliations provided to GAAP measures.
Key Highlights
- 1Targa Resources Corp. announced its financial results for the three and nine months ended September 30, 2014.
- 2A press release detailing the financial results was furnished with the 8-K filing.
- 3A conference call was scheduled for November 4, 2014, at 10:30 a.m. ET to discuss the reported results.
- 4The company utilizes and reports non-GAAP financial measures such as distributable cash flow, gross margin, operating margin, and Adjusted EBITDA.
- 5Reconciliations for these non-GAAP measures to comparable GAAP financial measures are provided.
- 6The furnished information, including Exhibit 99.1, is not deemed 'filed' for Section 18 purposes, but is incorporated by reference into the 8-K.
Frequently Asked Questions
The primary purpose of this 8-K filing is to report Targa Resources Corp.'s financial results for the third quarter and the first nine months of 2014. It also serves to furnish the accompanying earnings press release and announce a conference call to discuss these results.
Targa Resources uses and reports non-GAAP financial measures including distributable cash flow, gross margin, operating margin, and Adjusted EBITDA. These are presented alongside GAAP measures, with reconciliations provided.
Investors can find more detailed financial information in the press release dated November 4, 2014, which is furnished as Exhibit 99.1 to this 8-K filing. A replay of the conference call discussing these results would also be available on the company's investor relations website.