Summary
Targa Resources Corp. (TRGP) filed an 8-K on February 20, 2019, to report its financial results for the fourth quarter and full year ended December 31, 2018. The filing primarily consists of a press release furnished as Exhibit 99.1, which details the company's financial performance and includes a schedule for a conference call to discuss these results. Investors should note that the press release utilizes several non-GAAP financial measures, such as distributable cash flow, gross margin, operating margin, and adjusted EBITDA, and provides reconciliations to their GAAP equivalents. These non-GAAP metrics are important for understanding the company's operational performance and cash-generating capabilities, but should be reviewed alongside GAAP measures for a comprehensive financial picture. While the specific financial figures are contained within the furnished press release, the 8-K serves as the official notification of the results release and the subsequent investor call. Investors are encouraged to review Exhibit 99.1 for detailed operational and financial data, including trend analysis and forward-looking statements that may be discussed during the conference call. The company's use of non-GAAP measures highlights its focus on metrics relevant to its business operations and investor distributions.
Key Highlights
- 1Targa Resources Corp. announced its financial results for the three months and year ended December 31, 2018.
- 2The company issued a press release on February 20, 2019, containing the detailed financial results.
- 3A conference call was scheduled for February 20, 2019, to discuss the 2018 year-end results.
- 4The press release utilizes 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 within the press release.
- 6The press release (Exhibit 99.1) is furnished and incorporated by reference into the 8-K filing.
- 7Information furnished under Item 2.02 is not deemed 'filed' for Section 18 purposes, nor incorporated into other SEC filings unless explicitly stated.