8-KEarnings & ResultsExhibits & Filings

Targa Resources Corp. 8-K Report, Financial Results (Aug 9, 2018)

Filed August 9, 2018For Securities:TRGP

Summary

Targa Resources Corp. (TRGP) filed an 8-K on August 9, 2018, to report its financial and operational results for the second quarter ended June 30, 2018. The filing primarily serves to furnish the accompanying earnings press release as an exhibit, which details the company's performance. Investors should note that the press release includes non-GAAP financial measures such as distributable cash flow, gross margin, operating margin, and adjusted EBITDA. While these measures offer insights into the company's operational performance and cash generation capabilities, TRGP explicitly states they should not be viewed as a substitute for GAAP measures like net cash from operating activities or net income.

Key Highlights

  • 1Targa Resources Corp. reported its Q2 2018 financial results via an August 9, 2018 8-K filing.
  • 2The primary content of the filing is the earnings press release (Exhibit 99.1) detailing Q2 2018 performance.
  • 3A conference call to discuss the results was scheduled for August 9, 2018.
  • 4The press release includes non-GAAP financial measures: 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 company cautions that non-GAAP measures should not replace GAAP measures for investment decisions.
  • 7Information furnished under Item 2.02 and Exhibit 99.1 is not considered 'filed' for certain regulatory purposes.

Frequently Asked Questions

The main purpose of this 8-K filing is to furnish Targa Resources Corp.'s earnings press release from August 9, 2018, which contains the company's financial results for the second quarter of 2018.

The key non-GAAP financial metrics discussed in the press release are distributable cash flow, gross margin, operating margin, and adjusted EBITDA.

Investors can find more detailed financial information in the earnings press release, furnished as Exhibit 99.1 to this 8-K filing. Reconciliations between non-GAAP and GAAP measures are also provided within the press release.

No, this 8-K filing does not contain updated audited financial statements. It primarily furnishes an earnings press release detailing the company's quarterly results.