Summary
Targa Resources Corp. (TRGP) has filed an 8-K report on November 7, 2019, to announce its financial results for the third quarter ended September 30, 2019. The report primarily serves to furnish a press release detailing these results and announcing a conference call to discuss them. Investors should note that the company will be presenting non-GAAP financial measures, including distributable cash flow, gross margin, operating margin, and adjusted EBITDA, and has provided reconciliations to GAAP measures within the press release. The furnished press release, incorporated by reference, is the main source of information regarding TRGP's quarterly performance. While this 8-K itself does not contain detailed financial statements, it directs investors to the earnings release for comprehensive operational and financial condition updates. The company emphasizes that its non-GAAP measures should not replace GAAP-based financial metrics.
Key Highlights
- 1TRGP filed an 8-K on November 7, 2019, announcing Q3 2019 financial results.
- 2The primary purpose of the filing is to furnish the earnings press release (Exhibit 99.1).
- 3A conference call to discuss Q3 2019 results was scheduled for November 7, 2019.
- 4The company will be presenting and discussing non-GAAP financial measures such as distributable cash flow and adjusted EBITDA.
- 5Reconciliations between non-GAAP and GAAP financial measures are provided in the furnished press release.
- 6Information furnished under Item 2.02 is not considered 'filed' for Section 18 of the Exchange Act.