10-Q Filing

TARGA RESOURCES CORP. CIK: 1389170 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-058137`
Period End Date	20230930
Filing Date	20231102
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	trgp-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 86 Cash Flow Statement 101 Stockholders Equity 64 Comprehensive Income 28

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.20M	USD	Point-in-time
Trade receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$219.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$139.50M	USD	Point-in-time
Trade receivables, net of allowances of $2.6 and $2.2 million at September 30, 2023 and December 31, 2022	`AccountsReceivableNetCurrent`	$1.41B	USD	Point-in-time
Trade receivables, net of allowances of $2.6 and $2.2 million at September 30, 2023 and December 31, 2022	`AccountsReceivableNetCurrent`	$1.24B	USD	Point-in-time
Inventories	`InventoryNet`	$393.80M	USD	Point-in-time
Inventories	`InventoryNet`	$536.20M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$179.90M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$84.20M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$138.30M	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`	$2.14B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$15.33B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.21B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.45B	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$17.70M	USD	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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$138.30M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	240.09M	shares	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
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	226.04M	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$114.20M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	223.08M	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$98.40M	USD	Point-in-time
Preferred stock, par value (in dollar per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$20.19B	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, 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`	$1.58B	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
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	11.90M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	17.01M	shares	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$289.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$292.00M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$101.00M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$174.00M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$105.80M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$320.10M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$834.30M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$602.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.68B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.07B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$10.70B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$12.32B	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$140.10M	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$34.80M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$327.70M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$418.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$358.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$341.20M	USD	Point-in-time
Contingencies (see Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (see Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock ($0.001 par value, 450,000,000 shares authorized as of September 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 September 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`	$3.06B	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-626.80M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$305.50M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.30M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$54.70M	USD	Point-in-time
Treasury stock, at cost (17,007,277 shares as of September 30, 2023 and 11,896,829 shares as of December 31, 2022)	`TreasuryStockValue`	$464.70M	USD	Point-in-time
Treasury stock, at cost (17,007,277 shares as of September 30, 2023 and 11,896,829 shares as of December 31, 2022)	`TreasuryStockValue`	$855.80M	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$2.67B	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$2.51B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.87B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$2.32B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.18B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.38B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.54B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.98B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.73B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.40B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$19.56B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$20.19B	USD	Point-in-time

Income Statement 86 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$16.38B	USD	3 Qtrs
Total revenues	`Revenues`	$11.82B	USD	3 Qtrs
Total revenues	`Revenues`	$3.90B	USD	1 Quarter
Total revenues	`Revenues`	$5.36B	USD	1 Quarter
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$4.31B	USD	1 Quarter
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$13.56B	USD	3 Qtrs
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$2.69B	USD	1 Quarter
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$7.78B	USD	3 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$660.60M	USD	3 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$808.40M	USD	3 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$261.30M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$277.70M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$988.20M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$331.30M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$287.20M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$766.20M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$79.10M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$253.40M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$90.00M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$217.20M	USD	3 Qtrs
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$3.80M	USD	1 Quarter
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-2.00M	USD	3 Qtrs
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-2.50M	USD	1 Quarter
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$4.40M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$430.00M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$505.10M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$1.18B	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$1.99B	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-125.80M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-175.10M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-509.80M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-300.50M	USD	3 Qtrs
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$6.20M	USD	3 Qtrs
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$8.70M	USD	3 Qtrs
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$3.00M	USD	1 Quarter
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$1.70M	USD	1 Quarter
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-49.60M	USD	3 Qtrs
(Gain) loss from sale of equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$435.90M	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-4.90M	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-14.60M	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-100.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-14.60M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.26B	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.48B	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$332.90M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$291.30M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$53.90M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$260.70M	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$12.00M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$122.00M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$1.22B	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$1.14B	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$279.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$279.30M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$86.20M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$175.40M	USD	3 Qtrs
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$59.00M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$258.00M	USD	3 Qtrs
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$193.10M	USD	1 Quarter
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$220.00M	USD	1 Quarter
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$1.05B	USD	3 Qtrs
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$877.50M	USD	3 Qtrs
Premium on repurchase of noncontrolling interests, net of tax	`PremiumOnRepurchaseOfNoncontrollingInterestsNetOfTax`	$490.70M	USD	3 Qtrs
Premium on repurchase of noncontrolling interests, net of tax	`PremiumOnRepurchaseOfNoncontrollingInterestsNetOfTax`	$53.10M	USD	3 Qtrs
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$30.00M	USD	3 Qtrs
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$215.50M	USD	3 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$555.60M	USD	3 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$193.10M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$578.90M	USD	3 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$220.00M	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$2.54	USD	3 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.85	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.97	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$2.44	USD	3 Qtrs
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$2.50	USD	3 Qtrs
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.97	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$2.43	USD	3 Qtrs
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.84	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	225.20M	shares	3 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	227.60M	shares	3 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	223.80M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	226.60M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	225.10M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	230.30M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	231.50M	shares	3 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	226.50M	shares	3 Qtrs

Cash Flow Statement 101 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$1.22B	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$1.14B	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$279.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$279.30M	USD	1 Quarter
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$7.20M	USD	3 Qtrs
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$9.80M	USD	3 Qtrs
Compensation on equity grants	`ShareBasedCompensation`	$45.70M	USD	3 Qtrs
Compensation on equity grants	`ShareBasedCompensation`	$41.80M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$988.20M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$331.30M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$287.20M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$766.20M	USD	3 Qtrs
(Gain) loss on sale or disposition of assets	`GainLossOnDispositionOfAssets1`	$8.10M	USD	3 Qtrs
(Gain) loss on sale or disposition of assets	`GainLossOnDispositionOfAssets1`	$3.90M	USD	3 Qtrs
Write-downs of assets	`WriteDownsOfAsset`	$3.70M	USD	3 Qtrs
Write-downs of assets	`WriteDownsOfAsset`	$6.00M	USD	3 Qtrs
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$4.50M	USD	3 Qtrs
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$3.50M	USD	3 Qtrs
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$116.40M	USD	3 Qtrs
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$252.10M	USD	3 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$6.20M	USD	3 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$8.70M	USD	3 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$3.00M	USD	1 Quarter
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$1.70M	USD	1 Quarter
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$9.60M	USD	3 Qtrs
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$11.00M	USD	3 Qtrs
Risk management activities	`UnrealizedGainLossOnDerivatives`	$-295.00M	USD	3 Qtrs
Risk management activities	`UnrealizedGainLossOnDerivatives`	$294.30M	USD	3 Qtrs
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-49.60M	USD	3 Qtrs
(Gain) loss from sale of equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$435.90M	USD	3 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-79.40M	USD	3 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-197.20M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$320.50M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$134.10M	USD	3 Qtrs
Accounts payable, accrued liabilities and other liabilities	`IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities`	$144.80M	USD	3 Qtrs
Accounts payable, accrued liabilities and other liabilities	`IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities`	$30.60M	USD	3 Qtrs
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$-37.60M	USD	3 Qtrs
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$-73.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.25B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.84B	USD	3 Qtrs
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$815.40M	USD	3 Qtrs
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.67B	USD	3 Qtrs
Outlays for business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.51B	USD	3 Qtrs
Outlays for business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Outlays for asset acquisition, net of cash acquired	`PaymentsToAcquireBusinessTwoNetOfCashAcquired`	$203.70M	USD	3 Qtrs
Outlays for asset acquisition, net of cash acquired	`PaymentsToAcquireBusinessTwoNetOfCashAcquired`	-	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$2.90M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$18.30M	USD	3 Qtrs
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$14.90M	USD	3 Qtrs
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$1.50M	USD	3 Qtrs
Proceeds from sale of equity method investment	`ProceedsFromSaleOfEquityMethodInvestments`	$857.00M	USD	3 Qtrs
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$12.50M	USD	3 Qtrs
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$4.50M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$900.00K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.65B	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.67B	USD	3 Qtrs
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$5.30B	USD	3 Qtrs
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$290.00M	USD	3 Qtrs
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$4.75B	USD	3 Qtrs
Proceeds from borrowings of commercial paper notes	`ProceedsFromBorrowingsOfCommercialPaperNotes`	$47.08B	USD	3 Qtrs
Proceeds from borrowings of commercial paper notes	`ProceedsFromBorrowingsOfCommercialPaperNotes`	$8.58B	USD	3 Qtrs
Repayments of commercial paper notes	`RepaymentsOfCommercialPaper`	$46.94B	USD	3 Qtrs
Repayments of commercial paper notes	`RepaymentsOfCommercialPaper`	$7.95B	USD	3 Qtrs
Proceeds from borrowings under term loan facility	`ProceedsFromBankDebt`	$1.50B	USD	3 Qtrs
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$103.10M	USD	3 Qtrs
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$1.18B	USD	3 Qtrs
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$580.00M	USD	3 Qtrs
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$343.10M	USD	3 Qtrs
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.72B	USD	3 Qtrs
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$2.74B	USD	3 Qtrs
Redemption of senior notes	`RepaymentsOfSeniorDebt`	-	USD	3 Qtrs
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$1.47B	USD	3 Qtrs
Principal payments of finance leases	`FinanceLeasePrincipalPayments`	$31.30M	USD	3 Qtrs
Principal payments of finance leases	`FinanceLeasePrincipalPayments`	$10.80M	USD	3 Qtrs
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$44.40M	USD	3 Qtrs
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$5.00M	USD	3 Qtrs
Repurchase of shares	`PaymentsForRepurchaseOfEquity`	$227.90M	USD	3 Qtrs
Repurchase of shares	`PaymentsForRepurchaseOfEquity`	$388.50M	USD	3 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$13.90M	USD	3 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$7.10M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsToNoncontrollingInterests`	$163.50M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsToNoncontrollingInterests`	$252.00M	USD	3 Qtrs
Repurchase of noncontrolling interests	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$926.30M	USD	3 Qtrs
Repurchase of noncontrolling interests	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$1.09B	USD	3 Qtrs
Redemption of Series A Preferred Stock	`RedemptionOfSeriesAPreferredStock`	-	USD	3 Qtrs
Redemption of Series A Preferred Stock	`RedemptionOfSeriesAPreferredStock`	$965.20M	USD	3 Qtrs
Dividends paid to common and Series A Preferred shareholders	`PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders`	$298.80M	USD	3 Qtrs
Dividends paid to common and Series A Preferred shareholders	`PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders`	$314.80M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.84B	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-659.60M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$34.40M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-79.50M	USD	3 Qtrs
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, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$139.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$192.90M	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
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$139.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$192.90M	USD	Point-in-time

Stockholders Equity 64 line items

Line Item	Tag	Value	Unit	Period
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$47.50	USD	3 Qtrs
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$1.35	USD	3 Qtrs
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.50	USD	Point-in-time
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$1.05	USD	3 Qtrs
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.50	USD	1 Quarter
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.35	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.18B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.38B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.54B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.98B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.73B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.40B	USD	Point-in-time
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$15.70M	USD	1 Quarter
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$41.80M	USD	3 Qtrs
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$14.40M	USD	1 Quarter
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$45.70M	USD	3 Qtrs
Dividend equivalent rights	`Dividendequivalentrights`	$-900.00K	USD	1 Quarter
Dividend equivalent rights	`Dividendequivalentrights`	$-1.70M	USD	1 Quarter
Dividend equivalent rights	`Dividendequivalentrights`	$-5.20M	USD	3 Qtrs
Dividend equivalent rights	`Dividendequivalentrights`	$-3.20M	USD	3 Qtrs
Shares tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$55.40M	USD	3 Qtrs
Shares tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$21.60M	USD	1 Quarter
Shares tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$31.10M	USD	3 Qtrs
Shares tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.60M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$73.00M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$333.10M	USD	3 Qtrs
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$196.80M	USD	3 Qtrs
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$132.00M	USD	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	1.16M	shares	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	4.40M	shares	3 Qtrs
Repurchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	1.58M	shares	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	3.02M	shares	3 Qtrs
Excise tax on repurchases of common stock	`ExciseTaxOnRepurchasesOfCommonStock`	$2.60M	USD	3 Qtrs
Excise tax on repurchases of common stock	`ExciseTaxOnRepurchasesOfCommonStock`	$1.10M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$30.00M	USD	3 Qtrs
Deemed dividends - repurchase of Series A Preferred Stock	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$215.50M	USD	3 Qtrs
Common stock dividends	`DividendsCommonStock`	$79.30M	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$306.60M	USD	3 Qtrs
Common stock dividends	`DividendsCommonStock`	$113.10M	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$239.10M	USD	3 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$56.50M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$234.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$170.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$75.20M	USD	1 Quarter
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$13.90M	USD	3 Qtrs
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$4.20M	USD	1 Quarter
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$4.90M	USD	1 Quarter
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$7.10M	USD	3 Qtrs
Repurchase of noncontrolling interests, net of tax	`MinorityInterestDecreaseFromRedemptions`	$948.00M	USD	3 Qtrs
Repurchase of noncontrolling interests, net of tax	`MinorityInterestDecreaseFromRedemptions`	$911.00M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$224.20M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-136.10M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$269.70M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-60.00M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$1.22B	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$1.14B	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$279.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$279.30M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.18B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.38B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.54B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.98B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.73B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.40B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$1.22B	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$1.14B	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$279.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$279.30M	USD	1 Quarter
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-77.60M	USD	3 Qtrs
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$288.50M	USD	3 Qtrs
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-176.00M	USD	1 Quarter
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$347.10M	USD	1 Quarter
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-39.90M	USD	1 Quarter
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-17.60M	USD	3 Qtrs
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$64.30M	USD	3 Qtrs
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$77.40M	USD	1 Quarter
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$269.70M	USD	1 Quarter
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$224.20M	USD	3 Qtrs
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-136.10M	USD	1 Quarter
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-60.00M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$549.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$142.90M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.16B	USD	3 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$59.00M	USD	1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$175.40M	USD	3 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$86.20M	USD	1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$258.00M	USD	3 Qtrs
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$462.80M	USD	1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$1.10B	USD	3 Qtrs
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$83.90M	USD	1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$986.30M	USD	3 Qtrs

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