Where can I find Targa Resources' detailed financial results for Q4 and FY 2022?

The detailed financial results, including financial condition and results of operations for the three months and year ended December 31, 2022, are provided in the press release furnished as Exhibit 99.1 to this 8-K filing.

What non-GAAP financial measures does Targa Resources utilize?

Targa Resources utilizes non-GAAP financial measures such as Adjusted EBITDA, distributable cash flow, adjusted free cash flow, and adjusted operating margin (segment) to provide additional insights into its performance. The company includes reconciliations of these measures to their comparable GAAP figures in its press release.

Is the information in the press release considered 'filed' with the SEC?

The information furnished pursuant to Item 2.02 in this 8-K, including Exhibit 99.1, is generally not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, unless specifically incorporated by reference into another SEC filing.

TRGP 8-K: Earnings & Results

Summary

Targa Resources Corp. (TRGP) filed an 8-K on February 22, 2023, to report its financial results for the fourth quarter and full year ended December 31, 2022. The filing primarily directs investors to the accompanying press release (Exhibit 99.1) and a scheduled conference call for detailed financial performance and operational updates. Investors should refer to the press release for specific financial metrics, including non-GAAP measures like Adjusted EBITDA and distributable cash flow, which the company uses for performance analysis.

Key Highlights

1Targa Resources announced its Q4 and full-year 2022 financial results on February 22, 2023.
2The company is holding a conference call on the same day to discuss these results.
3Key financial metrics, including non-GAAP measures like Adjusted EBITDA and distributable cash flow, are detailed in the press release.
4The press release provides reconciliations for non-GAAP measures to their comparable GAAP figures.
5Investors are encouraged to review the furnished press release (Exhibit 99.1) for comprehensive details on financial condition and results of operations.
6The filing includes the standard Cover Page Interactive Data File in its exhibits.

Targa Resources Corp. 8-K Report, Financial Results (Feb 22, 2023)

Summary

Key Highlights

Frequently Asked Questions