Summary
Targa Resources Corp. (TRGP) filed an 8-K on May 7, 2019, primarily to report its financial results for the first quarter ended March 31, 2019. The filing includes a press release detailing these results and announces a conference call to discuss the information further. Investors should note that the company will be presenting and discussing several non-GAAP financial measures, such as distributable cash flow, gross margin, operating margin, and adjusted EBITDA, alongside their comparable GAAP measures. Reconciliations for these non-GAAP figures are provided in the press release. While the 8-K itself does not contain the detailed financial figures, it directs investors to the furnished press release (Exhibit 99.1) for the specific operational and financial performance data for the quarter. The company emphasizes that these non-GAAP measures should not be used as a substitute for GAAP-based financial metrics. The information furnished is not considered 'filed' for Section 18 purposes and will not be automatically incorporated into future SEC filings unless explicitly stated.
Key Highlights
- 1Targa Resources Corp. announced its first-quarter 2019 financial results via an 8-K filing on May 7, 2019.
- 2The filing includes a press release (Exhibit 99.1) containing the detailed financial and operational results for the three months ended March 31, 2019.
- 3A conference call was scheduled for May 7, 2019, to discuss the quarterly results.
- 4The company presented and discussed non-GAAP financial measures including distributable cash flow, gross margin, operating margin, and adjusted EBITDA.
- 5Reconciliations between non-GAAP and GAAP financial measures are provided within the furnished press release.
- 6Investors are cautioned that non-GAAP measures are supplementary and should not replace GAAP-based financial performance indicators.
- 7Information furnished in this 8-K is not deemed 'filed' under Section 18 of the Exchange Act.