10-Q Filing

TARGA RESOURCES CORP. CIK: 1389170 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-037748`
Period End Date	20230630
Filing Date	20230803
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	trgp-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 89 Cash Flow Statement 100 Stockholders Equity 65 Comprehensive Income 28

Balance Sheet 90 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`	$169.40M	USD	Point-in-time
Trade receivables, net of allowances of $[2.5] million and $2.2 million at June 30, 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 June 30, 2023 and December 31, 2022	`AccountsReceivableNetCurrent`	$988.10M	USD	Point-in-time
Inventories	`InventoryNet`	$393.80M	USD	Point-in-time
Inventories	`InventoryNet`	$312.30M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$194.20M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$179.90M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$64.80M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$155.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.36B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.73B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.89B	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.54B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.73B	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
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$48.50M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$131.80M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	237.94M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	239.21M	shares	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$131.30M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$98.40M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	226.04M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	224.05M	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$119.70M	USD	Point-in-time
Preferred stock, par value (in dollar per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	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`	$19.46B	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
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.17B	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.45B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$289.50M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	15.16M	shares	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$283.00M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	11.90M	shares	Point-in-time
Interest payable	`InterestPayableCurrent`	$227.20M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$174.00M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$51.10M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$320.10M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$586.00M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$834.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.07B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.32B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$11.81B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$10.70B	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$24.10M	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$140.10M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$405.10M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$327.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$359.00M	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 June 30, 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 June 30, 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`	$3.70B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.05B	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-626.80M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$199.50M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$54.70M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$130.80M	USD	Point-in-time
Treasury stock, at cost (15,159,865 shares as of June 30, 2023 and 11,896,829 shares as of December 31, 2022)	`TreasuryStockValue`	$464.70M	USD	Point-in-time
Treasury stock, at cost (15,159,865 shares as of June 30, 2023 and 11,896,829 shares as of December 31, 2022)	`TreasuryStockValue`	$701.10M	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$2.68B	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$2.67B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$2.32B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.86B	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`	$4.40B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.54B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.41B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.18B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$19.46B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$19.56B	USD	Point-in-time

Income Statement 89 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$11.01B	USD	2 Qtrs
Total revenues	`Revenues`	$3.40B	USD	1 Quarter
Total revenues	`Revenues`	$7.92B	USD	2 Qtrs
Total revenues	`Revenues`	$6.06B	USD	1 Quarter
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$5.09B	USD	2 Qtrs
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$5.05B	USD	1 Quarter
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$2.07B	USD	1 Quarter
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$9.25B	USD	2 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$399.30M	USD	2 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$272.60M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$215.80M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$530.70M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$656.90M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$269.90M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$479.00M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$332.10M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$81.00M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$163.40M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$138.00M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$71.00M	USD	1 Quarter
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$100.00K	USD	1 Quarter
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$600.00K	USD	2 Qtrs
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$600.00K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$649.10M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$451.90M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$1.49B	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$747.70M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-166.60M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-81.20M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-334.70M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-174.70M	USD	2 Qtrs
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$7.00M	USD	2 Qtrs
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$3.20M	USD	2 Qtrs
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$3.40M	USD	1 Quarter
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$1.40M	USD	1 Quarter
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-33.80M	USD	1 Quarter
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-49.60M	USD	2 Qtrs
(Gain) loss from sale of equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$435.90M	USD	2 Qtrs
(Gain) loss from sale of equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$435.90M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-2.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$500.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-4.90M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$966.30M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$483.90M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$774.70M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.15B	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$206.70M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$87.10M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$110.10M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$96.40M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$387.50M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$856.20M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$942.70M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$687.60M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$91.20M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$116.40M	USD	2 Qtrs
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$58.20M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$171.80M	USD	2 Qtrs
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$596.40M	USD	1 Quarter
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$684.40M	USD	2 Qtrs
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$826.30M	USD	2 Qtrs
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$329.30M	USD	1 Quarter
Premium on repurchase of noncontrolling interests, net of tax	`PremiumOnRepurchaseOfNoncontrollingInterestsNetOfTax`	$53.10M	USD	2 Qtrs
Premium on repurchase of noncontrolling interests, net of tax	`PremiumOnRepurchaseOfNoncontrollingInterestsNetOfTax`	$490.70M	USD	2 Qtrs
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$8.20M	USD	1 Quarter
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$30.00M	USD	2 Qtrs
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$215.50M	USD	2 Qtrs
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$215.50M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$385.80M	USD	2 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$335.60M	USD	2 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$329.30M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$372.70M	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$1.44	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$1.47	USD	2 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$1.64	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$1.69	USD	2 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$1.64	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$1.44	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$1.46	USD	2 Qtrs
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$1.66	USD	2 Qtrs
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$1.61	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	226.00M	shares	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	228.10M	shares	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	225.60M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	227.80M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	227.30M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	231.70M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	226.80M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	232.00M	shares	2 Qtrs

Cash Flow Statement 100 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$387.50M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$856.20M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$942.70M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$687.60M	USD	1 Quarter
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$4.30M	USD	2 Qtrs
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$6.40M	USD	2 Qtrs
Compensation on equity grants	`ShareBasedCompensation`	$27.30M	USD	2 Qtrs
Compensation on equity grants	`ShareBasedCompensation`	$30.00M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$656.90M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$269.90M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$479.00M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$332.10M	USD	1 Quarter
(Gain) loss on sale or disposition of assets	`GainLossOnDispositionOfAssets1`	$3.20M	USD	2 Qtrs
(Gain) loss on sale or disposition of assets	`GainLossOnDispositionOfAssets1`	$1.60M	USD	2 Qtrs
Write-downs of assets	`WriteDownsOfAsset`	$1.00M	USD	2 Qtrs
Write-downs of assets	`WriteDownsOfAsset`	$2.60M	USD	2 Qtrs
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$2.20M	USD	2 Qtrs
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$3.10M	USD	2 Qtrs
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$105.80M	USD	2 Qtrs
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$199.00M	USD	2 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$7.00M	USD	2 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$3.20M	USD	2 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$3.40M	USD	1 Quarter
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$1.40M	USD	1 Quarter
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$4.80M	USD	2 Qtrs
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$7.30M	USD	2 Qtrs
Risk management activities	`UnrealizedGainLossOnDerivatives`	$327.70M	USD	2 Qtrs
Risk management activities	`UnrealizedGainLossOnDerivatives`	$-182.70M	USD	2 Qtrs
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-33.80M	USD	1 Quarter
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-49.60M	USD	2 Qtrs
(Gain) loss from sale of equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$435.90M	USD	2 Qtrs
(Gain) loss from sale of equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$435.90M	USD	1 Quarter
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$250.90M	USD	2 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-512.70M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$51.20M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-89.20M	USD	2 Qtrs
Accounts payable, accrued liabilities and other liabilities	`IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities`	$421.60M	USD	2 Qtrs
Accounts payable, accrued liabilities and other liabilities	`IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities`	$-319.90M	USD	2 Qtrs
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$53.20M	USD	2 Qtrs
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$-6.70M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.38B	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.85B	USD	2 Qtrs
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.07B	USD	2 Qtrs
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$419.50M	USD	2 Qtrs
Outlays for asset acquisition, net of cash acquired	`PaymentsToAcquireBusinessTwoNetOfCashAcquired`	$203.70M	USD	2 Qtrs
Outlays for asset acquisition, net of cash acquired	`PaymentsToAcquireBusinessTwoNetOfCashAcquired`	-	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$1.90M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$2.30M	USD	2 Qtrs
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$1.50M	USD	2 Qtrs
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$6.20M	USD	2 Qtrs
Proceeds from sale of equity method investment	`ProceedsFromSaleOfEquityMethodInvestments`	$857.00M	USD	2 Qtrs
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$13.80M	USD	2 Qtrs
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$4.00M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$600.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.07B	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$248.40M	USD	2 Qtrs
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$3.42B	USD	2 Qtrs
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$290.00M	USD	2 Qtrs
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$2.88B	USD	2 Qtrs
Proceeds from borrowings of commercial paper notes	`ProceedsFromBorrowingsOfCommercialPaperNotes`	-	USD	2 Qtrs
Proceeds from borrowings of commercial paper notes	`ProceedsFromBorrowingsOfCommercialPaperNotes`	$28.98B	USD	2 Qtrs
Repayments of commercial paper notes	`RepaymentsOfCommercialPaper`	-	USD	2 Qtrs
Repayments of commercial paper notes	`RepaymentsOfCommercialPaper`	$29.33B	USD	2 Qtrs
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$51.00M	USD	2 Qtrs
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$380.00M	USD	2 Qtrs
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$130.00M	USD	2 Qtrs
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$303.10M	USD	2 Qtrs
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.49B	USD	2 Qtrs
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.72B	USD	2 Qtrs
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$1.47B	USD	2 Qtrs
Redemption of senior notes	`RepaymentsOfSeniorDebt`	-	USD	2 Qtrs
Principal payments of finance leases	`FinanceLeasePrincipalPayments`	$20.70M	USD	2 Qtrs
Principal payments of finance leases	`FinanceLeasePrincipalPayments`	$6.70M	USD	2 Qtrs
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$4.10M	USD	2 Qtrs
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$27.00M	USD	2 Qtrs
Repurchase of shares	`PaymentsForRepurchaseOfEquity`	$234.90M	USD	2 Qtrs
Repurchase of shares	`PaymentsForRepurchaseOfEquity`	$146.30M	USD	2 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$9.00M	USD	2 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$2.90M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsToNoncontrollingInterests`	$176.70M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsToNoncontrollingInterests`	$99.60M	USD	2 Qtrs
Repurchase of noncontrolling interests	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$926.30M	USD	2 Qtrs
Repurchase of noncontrolling interests	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$1.09B	USD	2 Qtrs
Redemption of Series A Preferred Stock	`RedemptionOfSeriesAPreferredStock`	$965.20M	USD	2 Qtrs
Redemption of Series A Preferred Stock	`RedemptionOfSeriesAPreferredStock`	-	USD	2 Qtrs
Dividends paid to common and Series A Preferred shareholders	`PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders`	$217.80M	USD	2 Qtrs
Dividends paid to common and Series A Preferred shareholders	`PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders`	$199.60M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.64B	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-821.60M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.50M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-49.60M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$169.40M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$154.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$219.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$169.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$154.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$219.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.50M	USD	Point-in-time

Stockholders Equity 65 line items

Line Item	Tag	Value	Unit	Period
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$23.75	USD	1 Quarter
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$47.50	USD	2 Qtrs
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.35	USD	1 Quarter
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.50	USD	Point-in-time
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.85	USD	2 Qtrs
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.70	USD	2 Qtrs
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.50	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.02B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.98B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.40B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.54B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.41B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.18B	USD	Point-in-time
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$13.80M	USD	1 Quarter
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$15.00M	USD	1 Quarter
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$30.00M	USD	2 Qtrs
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$27.30M	USD	2 Qtrs
Dividend equivalent rights	`Dividendequivalentrights`	$-3.40M	USD	2 Qtrs
Dividend equivalent rights	`Dividendequivalentrights`	$-1.00M	USD	1 Quarter
Dividend equivalent rights	`Dividendequivalentrights`	$-1.70M	USD	1 Quarter
Dividend equivalent rights	`Dividendequivalentrights`	$-2.30M	USD	2 Qtrs
Shares tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$33.90M	USD	2 Qtrs
Shares tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$100.00K	USD	1 Quarter
Shares tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$22.50M	USD	2 Qtrs
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$123.80M	USD	2 Qtrs
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$149.00M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$201.00M	USD	2 Qtrs
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$74.10M	USD	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	1.86M	shares	2 Qtrs
Repurchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	1.12M	shares	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	2.81M	shares	2 Qtrs
Repurchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	2.09M	shares	1 Quarter
Excise tax on repurchases of common stock	`ExciseTaxOnRepurchasesOfCommonStock`	$1.50M	USD	1 Quarter
Excise tax on repurchases of common stock	`ExciseTaxOnRepurchasesOfCommonStock`	$1.50M	USD	2 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$8.20M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$30.00M	USD	2 Qtrs
Deemed dividends - repurchase of Series A Preferred Stock	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$215.50M	USD	2 Qtrs
Common stock dividends	`DividendsCommonStock`	$159.80M	USD	2 Qtrs
Common stock dividends	`DividendsCommonStock`	$193.50M	USD	2 Qtrs
Common stock dividends	`DividendsCommonStock`	$114.20M	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$79.80M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$57.40M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$86.60M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$158.80M	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$113.50M	USD	2 Qtrs
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$2.70M	USD	1 Quarter
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$6.10M	USD	1 Quarter
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$2.90M	USD	2 Qtrs
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$9.00M	USD	2 Qtrs
Repurchase of noncontrolling interests, net of tax	`MinorityInterestDecreaseFromRedemptions`	$911.00M	USD	2 Qtrs
Repurchase of noncontrolling interests, net of tax	`MinorityInterestDecreaseFromRedemptions`	$948.00M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-142.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-45.50M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$46.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$76.10M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$387.50M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$856.20M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$942.70M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$687.60M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.02B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.98B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.40B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.54B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.41B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.18B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$387.50M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$856.20M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$942.70M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$687.60M	USD	1 Quarter
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$59.80M	USD	1 Quarter
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-58.60M	USD	2 Qtrs
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$182.90M	USD	1 Quarter
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$98.50M	USD	2 Qtrs
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$22.40M	USD	2 Qtrs
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$13.80M	USD	1 Quarter
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-13.10M	USD	2 Qtrs
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$40.90M	USD	1 Quarter
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$46.00M	USD	1 Quarter
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-45.50M	USD	2 Qtrs
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$142.00M	USD	1 Quarter
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$76.10M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$810.70M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$433.50M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.02B	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$829.60M	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`	$171.80M	USD	2 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$116.40M	USD	2 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$91.20M	USD	1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$902.40M	USD	2 Qtrs
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$738.40M	USD	1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$375.30M	USD	1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$638.90M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.