Summary
Targa Resources Corp. (TRGP) filed an 8-K on August 4, 2022, to report its financial results for the three months ended June 30, 2022. The report primarily references an accompanying press release (Exhibit 99.1) which contains the detailed financial information and is being furnished as part of this filing. Investors should note that the press release includes non-GAAP financial measures such as Adjusted EBITDA, distributable cash flow, adjusted free cash flow, and adjusted operating margin (segment), which are presented alongside reconciliations to their GAAP equivalents. These non-GAAP measures are emphasized as important analytical tools but should be considered in conjunction with GAAP measures. A conference call to discuss these results was also scheduled for the same day.
Key Highlights
- 1Targa Resources Corp. announced its Q2 2022 financial results via an 8-K filing on August 4, 2022.
- 2The company issued a press release (Exhibit 99.1) containing the detailed financial results for the quarter ended June 30, 2022.
- 3A conference call was scheduled for August 4, 2022, to discuss the Q2 2022 financial performance.
- 4The press release includes several non-GAAP financial measures, including Adjusted EBITDA, distributable cash flow, and adjusted free cash flow.
- 5Reconciliations between the non-GAAP measures and their most directly comparable GAAP financial measures are provided in the press release.
- 6Investors are advised to consider these non-GAAP measures as supplemental analytical tools, alongside GAAP measures.