Summary
Targa Resources Corp. (TRGP) filed an 8-K on August 3, 2023, to report its financial results for the second quarter ended June 30, 2023. The filing primarily serves to furnish the accompanying earnings press release (Exhibit 99.1) and to announce a conference call to discuss these results. 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, with reconciliations provided to their GAAP counterparts. The company emphasizes the importance of reviewing these non-GAAP measures carefully due to their limitations. The report also reiterates TRGP's commitment to using various channels, including its website and SEC filings, for Regulation FD compliance. Investors are encouraged to monitor these platforms for timely disclosures. While the 8-K itself contains limited operational detail, the furnished press release is the primary source for understanding the company's performance and financial condition for the period.
Key Highlights
- 1Targa Resources Corp. announced its Q2 2023 financial results via an 8-K filing on August 3, 2023.
- 2The filing includes a furnished earnings press release (Exhibit 99.1) detailing the company's performance for the three months ended June 30, 2023.
- 3A conference call was scheduled for August 3, 2023, to discuss the Q2 2023 results.
- 4The press release utilizes non-GAAP financial measures including Adjusted EBITDA, distributable cash flow, adjusted free cash flow, and adjusted operating margin.
- 5Reconciliations between non-GAAP and comparable GAAP financial measures are provided within the press release.
- 6The company reinforces its use of multiple channels (press releases, SEC filings, website, conference calls) for Regulation FD disclosures.
- 7Investors are advised to consult the furnished press release for specific financial and operational details for the quarter.