Summary
Targa Resources Corp. (TRGP) filed an 8-K on August 4, 2015, primarily to report its financial results for the three and six months ended June 30, 2015. The filing indicates that the company issued a press release detailing these results and scheduled a conference call for investors to discuss them. The press release, furnished as Exhibit 99.1, contains important financial information, including non-GAAP measures like distributable cash flow, gross margin, operating margin, and Adjusted EBITDA. Investors should note that these non-GAAP metrics are provided alongside GAAP measures and are intended to offer additional insight into the company's operational and financial performance.
Key Highlights
- 1Targa Resources Corp. reported its financial results for the second quarter and first half of 2015.
- 2The company held an investor conference call on August 4, 2015, to discuss these results.
- 3A press release detailing the financial results was furnished as Exhibit 99.1 to the 8-K filing.
- 4The earnings release includes non-GAAP financial measures such as distributable cash flow, gross margin, operating margin, and Adjusted EBITDA.
- 5Reconciliations between non-GAAP and GAAP financial measures are provided within the press release.
- 6The filing serves as notification and provides access to the company's quarterly financial performance information.
Frequently Asked Questions
The main purpose of this 8-K filing is to publicly report Targa Resources Corp.'s financial results for the second quarter and the first six months ended June 30, 2015. It also provides access to the earnings press release and announces the associated investor conference call.
The key non-GAAP financial measures mentioned in the filing and discussed in the earnings press release include distributable cash flow, gross margin, operating margin, and Adjusted EBITDA. These are provided to offer investors a clearer view of operational performance beyond standard GAAP reporting.
The detailed financial results are presented in the press release dated August 4, 2015, which is furnished as Exhibit 99.1 to this 8-K filing. Investors can also refer to the company's investor relations website for the webcast and replay of the conference call.
No, the non-GAAP financial measures presented are not replacements for or alternatives to financial measures calculated in accordance with Generally Accepted Accounting Principles (GAAP), such as net income or cash flow from operations. They are supplemental information intended to provide additional context.