8-KEarnings & ResultsExhibits & Filings

Targa Resources Corp. 8-K Report, Financial Results (Feb 13, 2015)

Filed February 13, 2015For Securities:TRGP

Summary

Targa Resources Corp. filed this Form 8-K on February 13, 2015, to report its financial results for the three months and full year ended December 31, 2014. The filing primarily serves as a notification that Targa has released its earnings and is holding a conference call to discuss these results. Investors should note that the company will be discussing non-GAAP financial measures, including distributable cash flow, gross margin, operating margin, and Adjusted EBITDA, and that these measures should be considered alongside GAAP equivalents for a comprehensive understanding of Targa's financial performance and liquidity.

Key Highlights

  • 1Targa Resources Corp. announced its financial results for the fourth quarter and full year ended December 31, 2014.
  • 2A conference call was scheduled for February 13, 2015, at 10:30 a.m. ET to discuss the financial results.
  • 3The company's press release, furnished as Exhibit 99.1, contains detailed financial information.
  • 4Targa Resources will be discussing several non-GAAP financial measures, including distributable cash flow, gross margin, operating margin, and Adjusted EBITDA.
  • 5Investors are advised to review the reconciliations provided in the press release to understand how these non-GAAP measures relate to comparable GAAP financial figures.
  • 6The information furnished in this 8-K, including Exhibit 99.1, is not considered 'filed' for certain SEC purposes, meaning it does not automatically become part of broader registration statements unless explicitly incorporated.
  • 7Matthew J. Meloy, Senior Vice President, Chief Financial Officer, and Treasurer, signed the report.

Frequently Asked Questions

The primary purpose of this Form 8-K filing is to report Targa Resources Corp.'s financial results for the three months and year ended December 31, 2014, and to announce the associated conference call for investors.

Targa Resources is reporting on several non-GAAP financial measures, including distributable cash flow, gross margin, operating margin, and Adjusted EBITDA.

Investors can find more detailed financial information in the press release dated February 13, 2015, which is furnished as Exhibit 99.1 to this 8-K filing and incorporated by reference.

Investors should interpret the non-GAAP financial measures by reviewing the reconciliations provided in the press release. These measures should not be considered as direct substitutes for GAAP measures like net income or cash flow from operations, but rather as supplementary metrics for performance analysis.