8-KEarnings & ResultsExhibits & Filings

Targa Resources Corp. 8-K Report, Financial Results (Aug 4, 2022)

Filed August 4, 2022For Securities:TRGP

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.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report Targa Resources Corp.'s financial results for the second quarter ended June 30, 2022, by furnishing an accompanying press release (Exhibit 99.1).

The press release, which is part of this filing, discusses key financial metrics for Q2 2022, including non-GAAP measures such as Adjusted EBITDA, distributable cash flow, adjusted free cash flow, and adjusted operating margin (segment).

Detailed financial information is available in the press release furnished as Exhibit 99.1 to this 8-K filing. A replay of the conference call discussing these results will also be available on the Company's investor relations website.

Investors should interpret the non-GAAP financial measures as supplemental analytical tools. The company provides reconciliations to the most comparable GAAP measures, and these non-GAAP measures should be considered in conjunction with GAAP measures due to their potential limitations.