8-KEarnings & ResultsExhibits & Filings

Targa Resources Corp. 8-K Report, Financial Results (Feb 24, 2021)

Filed February 24, 2021For Securities:TRGP

Summary

Targa Resources Corp. (TRGP) filed an 8-K on February 24, 2021, primarily to furnish the transcript of their year-end 2020 earnings conference call. The call, originally scheduled in conjunction with the release of their Q4 and full-year 2020 financial results on February 18, 2021, was delayed due to severe winter weather impacting the United States. The furnishing of this transcript is in accordance with Item 2.02 of the 8-K, which pertains to Results of Operations and Financial Condition. Investors should note that the information furnished, including the transcript, is not deemed "filed" under Section 18 of the Securities Exchange Act of 1934 and will not be incorporated by reference into future SEC filings unless explicitly stated. The key takeaway for investors is that this 8-K provides access to the detailed discussion and management commentary regarding Targa's 2020 financial performance and outlook, which would have been presented during the conference call. While the 8-K itself does not contain new financial data, it directs investors to the transcript (Exhibit 99.1) for a deeper understanding of the company's results, strategic priorities, and forward-looking statements, which are subject to inherent risks and uncertainties as detailed in the company's other SEC filings.

Key Highlights

  • 1This 8-K serves as a mechanism to provide investors with the transcript (Exhibit 99.1) of Targa Resources Corp.'s year-end 2020 earnings conference call.
  • 2The conference call was conducted on February 23, 2021, following the release of Q4 and full-year 2020 financial results on February 18, 2021.
  • 3A severe winter weather event caused a delay in the originally scheduled conference call.
  • 4The information furnished under Item 2.02, including the transcript, is for informational purposes and is not considered "filed" for Section 18 purposes.
  • 5The transcript contains forward-looking statements which are subject to various risks and uncertainties, as outlined in Targa's other SEC filings.
  • 6Investors are advised to consult the transcript for detailed discussions on financial performance and management's outlook.
  • 7This filing also includes the Cover Page Interactive Data File (Exhibit 104).

Frequently Asked Questions

The main purpose of this 8-K filing is to furnish investors with the transcript of Targa Resources Corp.'s year-end 2020 earnings conference call, which was delayed due to severe winter weather.

No, this 8-K filing does not contain new financial results. The financial results for the three months and year ended December 31, 2020, were released on February 18, 2021. This filing primarily provides the transcript of the subsequent conference call discussing those results.

The financial results were released on February 18, 2021. While not directly included in this 8-K, the furnished transcript (Exhibit 99.1) will discuss these results, and investors should refer to Targa's other SEC filings, such as their earnings release from February 18, 2021, for the detailed financial data.

The forward-looking statements contained in the transcript are subject to a number of assumptions, risks, and uncertainties. They are not guarantees of future performance, and actual results may differ materially from those projected. Investors should review the risks and uncertainties detailed in Targa's Annual Report on Form 10-K and other SEC filings.