Summary
Targa Resources Corp. (TRGP) filed an 8-K on November 5, 2020, to report its financial results for the third quarter ended September 30, 2020. The company issued a press release detailing these results and scheduled a conference call for the same day to discuss the findings. Investors should note that the press release includes non-GAAP financial measures such as distributable cash flow, free cash flow, gross margin, operating margin, and adjusted EBITDA. These non-GAAP measures are provided alongside GAAP measures, with reconciliations available in the press release itself, and are intended to offer additional insights into the company's performance and liquidity. The furnished press release, which serves as Exhibit 99.1 to this 8-K, contains the core financial information investors will want to review. While this filing primarily serves to announce the earnings release and associated call, it directs investors to the detailed report for specific operational and financial metrics for the quarter. The information provided here is furnished and not deemed 'filed' for certain regulatory purposes, and is not automatically incorporated into other SEC filings unless explicitly stated.
Key Highlights
- 1Targa Resources announced its Q3 2020 financial results via an 8-K filing on November 5, 2020.
- 2The filing includes a press release (Exhibit 99.1) with detailed Q3 2020 financial and operational information.
- 3A conference call was scheduled for November 5, 2020, to discuss the third-quarter results.
- 4The company utilized and reconciled non-GAAP financial measures, including distributable cash flow, free cash flow, gross margin, operating margin, and adjusted EBITDA.
- 5These non-GAAP measures are presented to provide additional insights beyond traditional GAAP reporting.
- 6Investors are directed to the furnished press release for specific financial performance data and reconciliations.