8-KEarnings & ResultsExhibits & Filings

Targa Resources Corp. 8-K Report, Financial Results (May 5, 2015)

Filed May 5, 2015For Securities:TRGP

Summary

Targa Resources Corp. (TRGP) filed an 8-K on May 5, 2015, to report its financial results for the first quarter ended March 31, 2015. The report primarily serves to furnish a press release detailing these results and announces an accompanying conference call. Investors should note that the press release includes various non-GAAP financial measures such as distributable cash flow, gross margin, operating margin, and Adjusted EBITDA, which are reconciled to comparable GAAP measures. These non-GAAP metrics are important for understanding the company's operational performance and ability to generate cash for distributions. The primary focus of this filing is the dissemination of Q1 2015 financial performance. While the 8-K itself doesn't contain detailed financial statements, it directs investors to the furnished press release (Exhibit 99.1) for the specific operational and financial data. Investors are advised to review this press release for insights into the company's revenue, profitability, and cash flow generation during the period, particularly through the lens of the provided non-GAAP metrics.

Key Highlights

  • 1Targa Resources Corp. reported its Q1 2015 financial results on May 5, 2015, via an 8-K filing.
  • 2The filing includes a press release (Exhibit 99.1) detailing the company's financial and operational performance for the quarter ended March 31, 2015.
  • 3A conference call was scheduled for May 5, 2015, to discuss the Q1 2015 results.
  • 4The press release utilizes and reconciles key non-GAAP financial measures including Distributable Cash Flow, Gross Margin, Operating Margin, and Adjusted EBITDA.
  • 5Investors are directed to the furnished press release for detailed financial information and analysis.
  • 6The information furnished is not considered 'filed' for Section 18 purposes and will not be automatically incorporated into future SEC filings unless explicitly referenced.

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, 2015, and to furnish the accompanying press release and announce a conference call to discuss these results.

The key non-GAAP financial measures mentioned are distributable cash flow, gross margin, operating margin, and Adjusted EBITDA. These measures are provided to offer additional insights into the company's performance and liquidity, and are reconciled to their closest GAAP equivalents.

Detailed financial results for Q1 2015 can be found in the press release furnished as Exhibit 99.1 to this 8-K filing.

No, the information furnished under Item 2.02 of this 8-K, including the press release, is not considered 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, and will not be automatically incorporated by reference into other filings unless specifically stated otherwise.