8-KEarnings & ResultsExhibits & Filings

Targa Resources Corp. 8-K Report, Financial Results (Feb 25, 2016)

Filed February 25, 2016For Securities:TRGP

Summary

Targa Resources Corp. (TRGP) filed an 8-K on February 25, 2016, to report its financial results for the fourth quarter and full year ended December 31, 2015. The filing primarily serves as notification of the release of their earnings press release and the accompanying conference call, which are incorporated by reference. Investors should note that the company's earnings release includes discussions of non-GAAP financial measures such as distributable cash flow, gross margin, operating margin, and Adjusted EBITDA. Targa Resources provides reconciliations for these non-GAAP measures to their closest GAAP equivalents. While these non-GAAP metrics offer additional insight into operational performance and cash generation, they should be considered alongside traditional GAAP figures.

Key Highlights

  • 1Targa Resources Corp. announced its financial results for the fourth quarter and full year ended December 31, 2015, via an 8-K filing on February 25, 2016.
  • 2The 8-K filing incorporates by reference the company's earnings press release.
  • 3A conference call was scheduled for February 25, 2016, to discuss the financial results.
  • 4The company's earnings report includes non-GAAP financial measures such as distributable cash flow, gross margin, operating margin, and Adjusted EBITDA.
  • 5Targa Resources provides reconciliations for its non-GAAP financial measures to comparable GAAP measures.
  • 6Information furnished under Item 2.02 is not considered 'filed' for Section 18 purposes and is not automatically incorporated into future SEC filings unless explicitly stated.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report Targa Resources Corp.'s financial results for the fourth quarter and full year ended December 31, 2015, and to furnish a copy of the earnings press release and announce an accompanying conference call.

Targa Resources highlights several non-GAAP financial measures in its earnings release, including distributable cash flow, gross margin, operating margin, and Adjusted EBITDA, alongside its GAAP financial results.

The detailed financial results are provided in the earnings press release filed as Exhibit 99.1 to this 8-K filing. This document is incorporated by reference into the 8-K.

No, the information furnished under Item 2.02, including the earnings press release, is not considered 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it automatically incorporated into other SEC filings unless specifically identified.