10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000950170-23-017657 |
| Period End Date | 20230331 |
| Filing Date | 20230504 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | trgp-20230331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
88 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Trade receivables, allowances |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$2.50M | USD | Point-in-time |
| Trade receivables, allowances |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$2.20M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$219.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$211.80M | USD | Point-in-time |
| Trade receivables, net of allowances of $2.5 million and $2.2 million at March 31, 2023 and December 31, 2022 |
AccountsReceivableNetCurrent
|
$1.41B | USD | Point-in-time |
| Trade receivables, net of allowances of $2.5 million and $2.2 million at March 31, 2023 and December 31, 2022 |
AccountsReceivableNetCurrent
|
$1.02B | USD | Point-in-time |
| Inventories |
InventoryNet
|
$393.80M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$156.20M | USD | Point-in-time |
| Assets from risk management activities |
DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent
|
$179.90M | USD | Point-in-time |
| Assets from risk management activities |
DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent
|
$146.50M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$100.90M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$155.50M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.64B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.36B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$14.47B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$14.21B | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$2.73B | USD | Point-in-time |
| Intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$2.64B | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Long-term assets from risk management activities |
DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent
|
$36.20M | USD | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
450.00M | shares | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
450.00M | shares | Point-in-time |
| Long-term assets from risk management activities |
DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent
|
$24.50M | USD | Point-in-time |
| Investments in unconsolidated affiliates |
EquityMethodInvestments
|
$131.30M | USD | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
237.94M | shares | Point-in-time |
| Investments in unconsolidated affiliates |
EquityMethodInvestments
|
$134.70M | USD | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
239.21M | shares | Point-in-time |
| Common stock, shares outstanding (in shares) |
CommonStockSharesOutstanding
|
226.04M | shares | Point-in-time |
| Other long-term assets |
OtherAssetsNoncurrent
|
$107.20M | USD | Point-in-time |
| Common stock, shares outstanding (in shares) |
CommonStockSharesOutstanding
|
226.14M | shares | Point-in-time |
| Other long-term assets |
OtherAssetsNoncurrent
|
$98.40M | USD | Point-in-time |
| Total assets |
Assets
|
$19.56B | USD | Point-in-time |
| Preferred stock, par value (in dollar per share) |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Total assets |
Assets
|
$19.03B | USD | Point-in-time |
| Preferred stock, par value (in dollar per share) |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Preferred stock, shares authorized (in shares) |
PreferredStockSharesAuthorized
|
98.80M | shares | Point-in-time |
| Preferred stock, shares authorized (in shares) |
PreferredStockSharesAuthorized
|
98.80M | shares | Point-in-time |
| Preferred stock, shares issued (in shares) |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Preferred stock, shares issued (in shares) |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.45B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.26B | USD | Point-in-time |
| Preferred stock, shares outstanding (in shares) |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Preferred stock, shares outstanding (in shares) |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Treasury stock, shares (in shares) |
TreasuryStockShares
|
11.90M | shares | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$289.50M | USD | Point-in-time |
| Treasury stock, shares (in shares) |
TreasuryStockShares
|
13.07M | shares | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$188.60M | USD | Point-in-time |
| Interest payable |
InterestPayableCurrent
|
$127.10M | USD | Point-in-time |
| Interest payable |
InterestPayableCurrent
|
$174.00M | USD | Point-in-time |
| Liabilities from risk management activities |
DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent
|
$320.10M | USD | Point-in-time |
| Liabilities from risk management activities |
DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent
|
$156.60M | USD | Point-in-time |
| Current debt obligations |
DebtCurrentNetOfIssuanceCost
|
$834.30M | USD | Point-in-time |
| Current debt obligations |
DebtCurrentNetOfIssuanceCost
|
$739.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.47B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$3.07B | USD | Point-in-time |
| Long-term debt |
LongTermDebtAndCapitalLeaseObligations
|
$11.44B | USD | Point-in-time |
| Long-term debt |
LongTermDebtAndCapitalLeaseObligations
|
$10.70B | USD | Point-in-time |
| Long-term liabilities from risk management activities |
DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent
|
$62.40M | USD | Point-in-time |
| Long-term liabilities from risk management activities |
DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent
|
$140.10M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredIncomeTaxLiabilitiesNet
|
$298.30M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredIncomeTaxLiabilitiesNet
|
$327.70M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$346.40M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$341.20M | USD | Point-in-time |
| Contingencies (see Note 14) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Contingencies (see Note 14) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock ($0.001 par value, 450,000,000 shares authorized as of March 31, 2023 and December 31, 2022) |
CommonStockValueOutstanding
|
$200.00K | USD | Point-in-time |
| Common stock ($0.001 par value, 450,000,000 shares authorized as of March 31, 2023 and December 31, 2022) |
CommonStockValueOutstanding
|
$200.00K | USD | Point-in-time |
| Preferred stock ($0.001 par value, after designation of Series A Preferred Stock: 98,800,000 shares authorized, zero shares issued and outstanding) |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock ($0.001 par value, after designation of Series A Preferred Stock: 98,800,000 shares authorized, zero shares issued and outstanding) |
PreferredStockValue
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$3.15B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$3.70B | USD | Point-in-time |
| Retained earnings (deficit) |
RetainedEarningsAccumulatedDeficit
|
$-129.80M | USD | Point-in-time |
| Retained earnings (deficit) |
RetainedEarningsAccumulatedDeficit
|
$-626.80M | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$54.70M | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$84.80M | USD | Point-in-time |
| Treasury stock, at cost (13,070,260 shares as of March 31, 2023 and 11,896,829 shares as of December 31, 2022) |
TreasuryStockValue
|
$550.50M | USD | Point-in-time |
| Treasury stock, at cost (13,070,260 shares as of March 31, 2023 and 11,896,829 shares as of December 31, 2022) |
TreasuryStockValue
|
$464.70M | USD | Point-in-time |
| Total Targa Resources Corp. stockholders' equity |
StockholdersEquity
|
$2.67B | USD | Point-in-time |
| Total Targa Resources Corp. stockholders' equity |
StockholdersEquity
|
$2.55B | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$1.86B | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$2.32B | USD | Point-in-time |
| Total owners' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.02B | USD | Point-in-time |
| Total owners' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.98B | USD | Point-in-time |
| Total owners' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.18B | USD | Point-in-time |
| Total owners' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.41B | USD | Point-in-time |
| Total liabilities, Series A Preferred Stock and owners' equity |
LiabilitiesAndStockholdersEquity
|
$19.03B | USD | Point-in-time |
| Total liabilities, Series A Preferred Stock and owners' equity |
LiabilitiesAndStockholdersEquity
|
$19.56B | USD | Point-in-time |
Income Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total revenues |
Revenues
|
$4.96B | USD | 1 Quarter |
| Total revenues |
Revenues
|
$4.52B | USD | 1 Quarter |
| Product purchases and fuel |
CostOfGoodsAndServicesSold
|
$4.20B | USD | 1 Quarter |
| Product purchases and fuel |
CostOfGoodsAndServicesSold
|
$3.02B | USD | 1 Quarter |
| Operating expenses |
OperatingCostsAndExpenses
|
$258.20M | USD | 1 Quarter |
| Operating expenses |
OperatingCostsAndExpenses
|
$183.50M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationDepletionAndAmortization
|
$209.10M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationDepletionAndAmortization
|
$324.80M | USD | 1 Quarter |
| General and administrative expense |
GeneralAndAdministrativeExpense
|
$67.10M | USD | 1 Quarter |
| General and administrative expense |
GeneralAndAdministrativeExpense
|
$82.40M | USD | 1 Quarter |
| Other operating (income) expense |
OtherOperatingIncomeExpenseNet
|
$500.00K | USD | 1 Quarter |
| Other operating (income) expense |
OtherOperatingIncomeExpenseNet
|
$600.00K | USD | 1 Quarter |
| Income (loss) from operations |
OperatingIncomeLoss
|
$295.80M | USD | 1 Quarter |
| Income (loss) from operations |
OperatingIncomeLoss
|
$836.70M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNonoperatingNet
|
$-168.00M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNonoperatingNet
|
$-93.60M | USD | 1 Quarter |
| Equity earnings (loss) |
IncomeLossFromEquityMethodInvestments
|
$-200.00K | USD | 1 Quarter |
| Equity earnings (loss) |
IncomeLossFromEquityMethodInvestments
|
$5.60M | USD | 1 Quarter |
| Gain (loss) from financing activities |
GainLossOnRepurchaseOfDebtInstrument
|
$-15.80M | USD | 1 Quarter |
| Other, net |
OtherNonoperatingIncomeExpense
|
$-500.00K | USD | 1 Quarter |
| Other, net |
OtherNonoperatingIncomeExpense
|
$-3.00M | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$191.50M | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$665.50M | USD | 1 Quarter |
| Income tax (expense) benefit |
IncomeTaxExpenseBenefit
|
$22.90M | USD | 1 Quarter |
| Income tax (expense) benefit |
IncomeTaxExpenseBenefit
|
$110.30M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$555.20M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$168.60M | USD | 1 Quarter |
| Less: Net income (loss) attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$80.60M | USD | 1 Quarter |
| Less: Net income (loss) attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$58.20M | USD | 1 Quarter |
| Net income (loss) attributable to Targa Resources Corp. |
NetIncomeLoss
|
$497.00M | USD | 1 Quarter |
| Net income (loss) attributable to Targa Resources Corp. |
NetIncomeLoss
|
$88.00M | USD | 1 Quarter |
| Premium on repurchase of noncontrolling interests, net of tax |
PremiumOnRepurchaseOfNoncontrollingInterestsNetOfTax
|
$490.70M | USD | 1 Quarter |
| Premium on repurchase of noncontrolling interests, net of tax |
PremiumOnRepurchaseOfNoncontrollingInterestsNetOfTax
|
$53.10M | USD | 1 Quarter |
| Dividends on Series A Preferred Stock |
DividendsPreferredStock
|
$21.80M | USD | 1 Quarter |
| Net income (loss) attributable to common shareholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$13.10M | USD | 1 Quarter |
| Net income (loss) attributable to common shareholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$6.30M | USD | 1 Quarter |
| Net income (loss) per common share - basic |
EarningsPerShareBasic
|
$0.06 | USD | 1 Quarter |
| Net income (loss) per common share - basic |
EarningsPerShareBasic
|
$0.03 | USD | 1 Quarter |
| Net income (loss) per common share - diluted |
EarningsPerShareDiluted
|
$0.03 | USD | 1 Quarter |
| Net income (loss) per common share - diluted |
EarningsPerShareDiluted
|
$0.06 | USD | 1 Quarter |
| Weighted average shares outstanding - basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
226.40M | shares | 1 Quarter |
| Weighted average shares outstanding - basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
228.50M | shares | 1 Quarter |
| Weighted average shares outstanding - diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
232.40M | shares | 1 Quarter |
| Weighted average shares outstanding - diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
229.30M | shares | 1 Quarter |
Cash Flow Statement
87 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
ProfitLoss
|
$555.20M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$168.60M | USD | 1 Quarter |
| Amortization in interest expense |
AmortizationOfFinancingCostsAndDiscounts
|
$3.20M | USD | 1 Quarter |
| Amortization in interest expense |
AmortizationOfFinancingCostsAndDiscounts
|
$2.40M | USD | 1 Quarter |
| Compensation on equity grants |
ShareBasedCompensation
|
$15.00M | USD | 1 Quarter |
| Compensation on equity grants |
ShareBasedCompensation
|
$13.50M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationDepletionAndAmortization
|
$209.10M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationDepletionAndAmortization
|
$324.80M | USD | 1 Quarter |
| (Gain) loss on sale or disposition of assets |
GainLossOnDispositionOfAssets1
|
$1.50M | USD | 1 Quarter |
| (Gain) loss on sale or disposition of assets |
GainLossOnDispositionOfAssets1
|
$1.00M | USD | 1 Quarter |
| Write-downs of assets |
WriteDownsOfAsset
|
$500.00K | USD | 1 Quarter |
| Write-downs of assets |
WriteDownsOfAsset
|
$900.00K | USD | 1 Quarter |
| Accretion of asset retirement obligations |
AssetRetirementObligationAccretionExpense
|
$1.60M | USD | 1 Quarter |
| Accretion of asset retirement obligations |
AssetRetirementObligationAccretionExpense
|
$1.10M | USD | 1 Quarter |
| Deferred income tax expense (benefit) |
DeferredIncomeTaxExpenseBenefit
|
$21.10M | USD | 1 Quarter |
| Deferred income tax expense (benefit) |
DeferredIncomeTaxExpenseBenefit
|
$106.00M | USD | 1 Quarter |
| Equity (earnings) loss of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$-200.00K | USD | 1 Quarter |
| Equity (earnings) loss of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$5.60M | USD | 1 Quarter |
| Distributions of earnings received from unconsolidated affiliates |
EquityMethodInvestmentDividendsOrDistributions
|
$6.00M | USD | 1 Quarter |
| Distributions of earnings received from unconsolidated affiliates |
EquityMethodInvestmentDividendsOrDistributions
|
$1.40M | USD | 1 Quarter |
| Risk management activities |
UnrealizedGainLossOnDerivatives
|
$-178.20M | USD | 1 Quarter |
| Risk management activities |
UnrealizedGainLossOnDerivatives
|
$175.70M | USD | 1 Quarter |
| (Gain) loss from financing activities |
GainLossOnRepurchaseOfDebtInstrument
|
$-15.80M | USD | 1 Quarter |
| Receivables and other assets |
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
$-440.80M | USD | 1 Quarter |
| Receivables and other assets |
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
$216.20M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-55.90M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-237.50M | USD | 1 Quarter |
| Accounts payable, accrued liabilities and other liabilities |
IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities
|
$-292.70M | USD | 1 Quarter |
| Accounts payable, accrued liabilities and other liabilities |
IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities
|
$362.80M | USD | 1 Quarter |
| Interest payable |
IncreaseDecreaseInInterestPayableNet
|
$-46.90M | USD | 1 Quarter |
| Interest payable |
IncreaseDecreaseInInterestPayableNet
|
$-64.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$748.20M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$1.17B | USD | 1 Quarter |
| Outlays for property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$475.70M | USD | 1 Quarter |
| Outlays for property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$204.40M | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSaleOfProductiveAssets
|
$1.00M | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSaleOfProductiveAssets
|
$200.00K | USD | 1 Quarter |
| Investments in unconsolidated affiliates |
PaymentsForAdvanceToAffiliate
|
$400.00K | USD | 1 Quarter |
| Investments in unconsolidated affiliates |
PaymentsForAdvanceToAffiliate
|
$6.20M | USD | 1 Quarter |
| Return of capital from unconsolidated affiliates |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$6.80M | USD | 1 Quarter |
| Return of capital from unconsolidated affiliates |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$1.20M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$300.00K | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
- | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-480.80M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-197.00M | USD | 1 Quarter |
| Proceeds from borrowings under credit facilities |
ProceedsFromLinesOfCredit
|
- | USD | 1 Quarter |
| Proceeds from borrowings under credit facilities |
ProceedsFromLinesOfCredit
|
$1.80B | USD | 1 Quarter |
| Repayments of credit facilities |
RepaymentsOfLinesOfCredit
|
$810.00M | USD | 1 Quarter |
| Repayments of credit facilities |
RepaymentsOfLinesOfCredit
|
$290.00M | USD | 1 Quarter |
| Proceeds from borrowings of commercial paper notes |
ProceedsFromBorrowingsOfCommercialPaperNotes
|
- | USD | 1 Quarter |
| Proceeds from borrowings of commercial paper notes |
ProceedsFromBorrowingsOfCommercialPaperNotes
|
$14.53B | USD | 1 Quarter |
| Repayments of commercial paper notes |
RepaymentsOfCommercialPaper
|
- | USD | 1 Quarter |
| Repayments of commercial paper notes |
RepaymentsOfCommercialPaper
|
$15.23B | USD | 1 Quarter |
| Proceeds from borrowings under accounts receivable securitization facility |
ProceedsFromAccountsReceivableSecuritization
|
- | USD | 1 Quarter |
| Proceeds from borrowings under accounts receivable securitization facility |
ProceedsFromAccountsReceivableSecuritization
|
$250.00M | USD | 1 Quarter |
| Repayments of accounts receivable securitization facility |
RepaymentsOfAccountsReceivableSecuritization
|
$130.00M | USD | 1 Quarter |
| Repayments of accounts receivable securitization facility |
RepaymentsOfAccountsReceivableSecuritization
|
$96.00M | USD | 1 Quarter |
| Proceeds from issuance of senior notes |
ProceedsFromIssuanceOfSeniorLongTermDebt
|
- | USD | 1 Quarter |
| Proceeds from issuance of senior notes |
ProceedsFromIssuanceOfSeniorLongTermDebt
|
$1.72B | USD | 1 Quarter |
| Redemption of senior notes |
RepaymentsOfSeniorDebt
|
- | USD | 1 Quarter |
| Redemption of senior notes |
RepaymentsOfSeniorDebt
|
$480.70M | USD | 1 Quarter |
| Principal payments of finance leases |
FinanceLeasePrincipalPayments
|
$9.40M | USD | 1 Quarter |
| Principal payments of finance leases |
FinanceLeasePrincipalPayments
|
$3.20M | USD | 1 Quarter |
| Costs incurred in connection with financing arrangements |
PaymentOfFinancingAndStockIssuanceCosts
|
$4.10M | USD | 1 Quarter |
| Costs incurred in connection with financing arrangements |
PaymentOfFinancingAndStockIssuanceCosts
|
$10.90M | USD | 1 Quarter |
| Repurchase of shares |
PaymentsForRepurchaseOfEquity
|
$85.80M | USD | 1 Quarter |
| Repurchase of shares |
PaymentsForRepurchaseOfEquity
|
$72.20M | USD | 1 Quarter |
| Contributions from noncontrolling interests |
ProceedsFromMinorityShareholders
|
$200.00K | USD | 1 Quarter |
| Contributions from noncontrolling interests |
ProceedsFromMinorityShareholders
|
$2.90M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
PaymentsOfDividendsToNoncontrollingInterests
|
$90.40M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
PaymentsOfDividendsToNoncontrollingInterests
|
$47.30M | USD | 1 Quarter |
| Repurchase of noncontrolling interests |
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
|
$1.09B | USD | 1 Quarter |
| Repurchase of noncontrolling interests |
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
|
$926.30M | USD | 1 Quarter |
| Dividends paid to common and Series A Preferred shareholders |
PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders
|
$108.00M | USD | 1 Quarter |
| Dividends paid to common and Series A Preferred shareholders |
PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders
|
$85.30M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-573.80M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-696.20M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-22.60M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-7.20M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$135.90M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$158.50M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$211.80M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$219.00M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$135.90M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$158.50M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$211.80M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$219.00M | USD | Point-in-time |
Stockholders Equity
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred stock dividends, per share |
PreferredStockDividendsPerShareDeclared
|
$23.75 | USD | 1 Quarter |
| Common stock dividends, per share |
CommonStockDividendsPerShareDeclared
|
$0.35 | USD | 1 Quarter |
| Common stock dividends, per share |
CommonStockDividendsPerShareDeclared
|
$0.35 | USD | 1 Quarter |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.02B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.98B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.18B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.41B | USD | Point-in-time |
| Compensation on equity grants |
StockGrantedDuringPeriodValueSharebasedCompensationGross
|
$13.50M | USD | 1 Quarter |
| Compensation on equity grants |
StockGrantedDuringPeriodValueSharebasedCompensationGross
|
$15.00M | USD | 1 Quarter |
| Dividend equivalent rights |
Dividendequivalentrights
|
$-1.70M | USD | 1 Quarter |
| Dividend equivalent rights |
Dividendequivalentrights
|
$-1.30M | USD | 1 Quarter |
| Shares tendered for tax withholding obligations |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$33.80M | USD | 1 Quarter |
| Shares tendered for tax withholding obligations |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$22.50M | USD | 1 Quarter |
| Repurchases of common stock |
StockRepurchasedDuringPeriodValue
|
$49.70M | USD | 1 Quarter |
| Repurchases of common stock |
StockRepurchasedDuringPeriodValue
|
$52.00M | USD | 1 Quarter |
| Repurchases of common stock (in shares) |
StockRepurchasedDuringPeriodShares
|
737,799.00 | shares | 1 Quarter |
| Repurchases of common stock (in shares) |
StockRepurchasedDuringPeriodShares
|
724,140.00 | shares | 1 Quarter |
| Preferred stock dividends |
DividendsPreferredStock
|
$21.80M | USD | 1 Quarter |
| Common stock dividends |
DividendsCommonStock
|
$80.00M | USD | 1 Quarter |
| Common stock dividends |
DividendsCommonStock
|
$79.30M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$56.10M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$72.20M | USD | 1 Quarter |
| Contributions from noncontrolling interests |
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
$2.90M | USD | 1 Quarter |
| Contributions from noncontrolling interests |
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
$200.00K | USD | 1 Quarter |
| Repurchase of noncontrolling interests, net of tax |
MinorityInterestDecreaseFromRedemptions
|
$948.00M | USD | 1 Quarter |
| Repurchase of noncontrolling interests, net of tax |
MinorityInterestDecreaseFromRedemptions
|
$911.00M | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLoss
|
$30.10M | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLoss
|
$-187.50M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$555.20M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$168.60M | USD | 1 Quarter |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.02B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.98B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.18B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.41B | USD | Point-in-time |
Comprehensive Income
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
ProfitLoss
|
$555.20M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$168.60M | USD | 1 Quarter |
| Other comprehensive income (loss), pre-tax |
OtherComprehensiveIncomeLossBeforeTax
|
$-241.40M | USD | 1 Quarter |
| Other comprehensive income (loss), pre-tax |
OtherComprehensiveIncomeLossBeforeTax
|
$38.70M | USD | 1 Quarter |
| Other comprehensive income (loss), related income tax |
OtherComprehensiveIncomeLossTax
|
$8.60M | USD | 1 Quarter |
| Other comprehensive income (loss), related income tax |
OtherComprehensiveIncomeLossTax
|
$-53.90M | USD | 1 Quarter |
| Other comprehensive income (loss), after tax |
OtherComprehensiveIncomeLossNetOfTax
|
$30.10M | USD | 1 Quarter |
| Other comprehensive income (loss), after tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-187.50M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$585.30M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$-18.90M | USD | 1 Quarter |
| Less: Comprehensive income (loss) attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$58.20M | USD | 1 Quarter |
| Less: Comprehensive income (loss) attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$80.60M | USD | 1 Quarter |
| Comprehensive income (loss) attributable to Targa Resources Corp. |
ComprehensiveIncomeNetOfTax
|
$527.10M | USD | 1 Quarter |
| Comprehensive income (loss) attributable to Targa Resources Corp. |
ComprehensiveIncomeNetOfTax
|
$-99.50M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.