8-KEarnings & ResultsRegulation FDExhibits & Filings

Targa Resources Corp. 8-K Report, Financial Results (Feb 15, 2024)

Filed February 15, 2024For Securities:TRGP

Summary

Targa Resources Corp. (TRGP) filed an 8-K on February 15, 2024, to announce its financial results for the fourth quarter and full year ended December 31, 2023. The company also provided details regarding an upcoming conference call to discuss these results. Investors should note that the company will be discussing non-GAAP financial measures such as Adjusted EBITDA, distributable cash flow, adjusted free cash flow, and adjusted operating margin, with reconciliations provided in the furnished press release. The furnished press release (Exhibit 99.1) is the primary source of the detailed financial information, and investors are encouraged to review it for a comprehensive understanding of the company's performance. Targa Resources also reiterates its commitment to using various channels, including its website, for material disclosures under Regulation FD.

Key Highlights

  • 1Targa Resources Corp. (TRGP) released its Q4 and full-year 2023 financial results on February 15, 2024.
  • 2A conference call is scheduled for February 15, 2024, to discuss the reported financial results.
  • 3The company will present and discuss key non-GAAP financial measures, including Adjusted EBITDA and distributable cash flow.
  • 4Reconciliations between non-GAAP and GAAP financial measures are available in the furnished press release.
  • 5The press release containing the detailed financial results is furnished as Exhibit 99.1 to the 8-K filing.
  • 6Targa Resources emphasizes its use of multiple channels, including its website, for material disclosures under Regulation FD.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Targa Resources Corp.'s financial results for the three months and year ended December 31, 2023, and to provide details about an upcoming conference call to discuss these results.

The detailed financial results are presented in the press release furnished as Exhibit 99.1 to this 8-K filing. Investors are encouraged to review this exhibit for comprehensive information.

Targa Resources will be discussing several non-GAAP financial measures, including Adjusted EBITDA, distributable cash flow, adjusted free cash flow, and adjusted operating margin (segment).

The conference call is scheduled for February 15, 2024, at 11:00 a.m. Eastern time. The call will be webcast live, and a replay will be available through the Investors section of Targa Resources' website.