8-KEarnings & ResultsExhibits & Filings

Targa Resources Corp. 8-K Report, Financial Results (Aug 5, 2021)

Filed August 5, 2021For Securities:TRGP

Summary

Targa Resources Corp. (TRGP) filed an 8-K on August 5, 2021, primarily to report its financial results for the three months ended June 30, 2021. The company issued a press release detailing these results, which are further discussed in an accompanying conference call. Investors should note that the filing references several non-GAAP financial measures, including distributable cash flow, free cash flow, gross margin, operating margin, and adjusted EBITDA. While these measures offer additional insight, they should not replace GAAP-based financial metrics. Reconciliations between these non-GAAP measures and their GAAP counterparts are provided within the press release. The key takeaway for investors is that this 8-K serves as the official notification of TRGP's Q2 2021 earnings announcement and the availability of detailed financial information. The furnishing of the press release as an exhibit provides direct access to the company's performance figures and management's commentary on the period. Investors are encouraged to review the furnished press release (Exhibit 99.1) for a comprehensive understanding of the reported results and the non-GAAP metrics used.

Key Highlights

  • 1Targa Resources Corp. announced its financial results for the second quarter ended June 30, 2021, via an 8-K filing on August 5, 2021.
  • 2The company held a conference call on August 5, 2021, to discuss the Q2 2021 financial results.
  • 3The 8-K filing includes a press release (Exhibit 99.1) containing the detailed financial results.
  • 4The press release utilizes several non-GAAP financial measures, including distributable cash flow, free cash flow, gross margin, operating margin, and adjusted EBITDA.
  • 5Reconciliations between the reported non-GAAP financial measures and comparable GAAP measures are provided in the press release.
  • 6The information furnished in this 8-K, including Exhibit 99.1, is not considered 'filed' for Section 18 purposes and will not be automatically incorporated into future SEC filings unless explicitly referenced.

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