Summary
Targa Resources Corp. (TRGP) filed an 8-K on November 8, 2018, primarily to furnish its earnings press release for the three months ended September 30, 2018. The release, attached as Exhibit 99.1, details the company's operational and financial performance for the third quarter of 2018, along with providing details for an upcoming conference call to discuss these results. Investors should note that the filing includes non-GAAP financial measures such as distributable cash flow, gross margin, operating margin, and adjusted EBITDA, which the company emphasizes should be considered alongside, not as replacements for, GAAP measures. While the 8-K itself does not contain detailed financial figures, it directs investors to the furnished press release for the specific quarterly results. The company also highlights that this information, unless otherwise stated in future filings, is furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, meaning it won't be automatically incorporated into other SEC filings. Investors seeking to understand TRGP's Q3 2018 performance should refer to the accompanying press release.
Key Highlights
- 1Targa Resources Corp. (TRGP) filed an 8-K on November 8, 2018, to report its Q3 2018 financial results.
- 2The 8-K includes a press release (Exhibit 99.1) detailing the financial and operational performance for the three months ended September 30, 2018.
- 3A conference call to discuss these results was scheduled for November 8, 2018.
- 4The filing emphasizes the use of non-GAAP financial measures, including distributable cash flow, gross margin, operating margin, and adjusted EBITDA.
- 5Reconciliations between non-GAAP and comparable GAAP financial measures are provided in the press release.
- 6The company clarifies that the furnished information is not considered 'filed' under Section 18 of the Securities Exchange Act of 1934 unless specifically incorporated by reference into other filings.
- 7Investors are directed to the press release for detailed financial performance data.