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10-Q Filing

TARGA RESOURCES CORP. CIK: 1389170 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001564590-16-018893
Period End Date 20160331
Filing Date 20160510
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance trgp-20160331.xml
Balance Sheet 97 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $172.40M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $81.00M USD Point-in-time
Trade receivables, allowances AllowanceForDoubtfulAccountsReceivableCurrent $100.00K USD Point-in-time
Trade receivables, allowances AllowanceForDoubtfulAccountsReceivableCurrent $100.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $140.20M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $114.50M USD Point-in-time
Trade receivables, net of allowances of $0.1 million AccountsReceivableNetCurrent $515.80M USD Point-in-time
Trade receivables, net of allowances of $0.1 million AccountsReceivableNetCurrent $428.40M USD Point-in-time
Inventories InventoryNet $141.00M USD Point-in-time
Inventories InventoryNet $61.70M USD Point-in-time
Assets from risk management activities DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent $92.20M USD Point-in-time
Assets from risk management activities DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent $82.40M USD Point-in-time
Other current assets OtherAssetsCurrent $30.80M USD Point-in-time
Other current assets OtherAssetsCurrent $28.90M USD Point-in-time
Total current assets AssetsCurrent $715.90M USD Point-in-time
Total current assets AssetsCurrent $920.00M USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentGross $12.11B USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentGross $11.94B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $2.38B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $2.23B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $9.70B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $9.73B USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $591.90M 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 $1.81B USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $1.77B USD Point-in-time
Goodwill, net of impairment provisions Goodwill $417.00M USD Point-in-time
Goodwill, net of impairment provisions Goodwill $393.00M USD Point-in-time
Goodwill, net of impairment provisions Goodwill $557.90M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 300.00M shares Point-in-time
Goodwill, net of impairment provisions Goodwill - USD Point-in-time
Goodwill, net of impairment provisions Goodwill $707.00M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 300.00M shares Point-in-time
Long-term assets from risk management activities DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent $25.20M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 161.02M shares Point-in-time
Long-term assets from risk management activities DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent $34.90M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 56.45M shares Point-in-time
Investments in unconsolidated affiliates EquityMethodInvestments $254.90M USD Point-in-time
Investments in unconsolidated affiliates EquityMethodInvestments $258.90M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 160.58M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 56.02M shares Point-in-time
Preferred stock, par value (in dollar per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $67.40M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $60.50M 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
Total assets Assets $12.95B USD Point-in-time
Total assets Assets $13.37B USD Point-in-time
Total assets Assets $13.21B USD 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
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $541.00M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $657.10M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 426,307.00 shares Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 435,849.00 shares Point-in-time
Liabilities from risk management activities DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent $5.20M USD Point-in-time
Liabilities from risk management activities DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent $2.00M USD Point-in-time
Accounts receivable securitization facility CollateralizedFinancings $150.00M USD Point-in-time
Accounts receivable securitization facility CollateralizedFinancings $219.30M USD Point-in-time
Total current liabilities LiabilitiesCurrent $693.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $881.60M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $4.92B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $5.72B USD Point-in-time
Long-term liabilities from risk management activities DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent $7.90M USD Point-in-time
Long-term liabilities from risk management activities DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent $2.40M USD Point-in-time
Deferred income taxes, net DeferredTaxLiabilitiesNoncurrent $177.80M USD Point-in-time
Deferred income taxes, net DeferredTaxLiabilitiesNoncurrent $1.12B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $155.80M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $180.20M USD Point-in-time
Contingencies (see Note 17) CommitmentsAndContingencies - USD Point-in-time
Contingencies (see Note 17) CommitmentsAndContingencies - USD Point-in-time
Common stock value CommonStockValueOutstanding $200.00K USD Point-in-time
Common stock value CommonStockValueOutstanding $100.00K USD Point-in-time
Preferred stock ($0.001 par value, after designation of Preferred Series A Stock (above) 98,800,000 shares authorized, no shares issued and outstanding) PreferredStockValue - USD Point-in-time
Preferred stock ($0.001 par value, after designation of Preferred Series A Stock (above) 98,800,000 shares authorized, no shares issued and outstanding) PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $5.32B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.46B USD Point-in-time
Retained earnings (deficit) RetainedEarningsAccumulatedDeficit $-2.70M USD Point-in-time
Retained earnings (deficit) RetainedEarningsAccumulatedDeficit $26.90M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $43.00M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $5.70M USD Point-in-time
Treasury stock, at cost (435,849 shares as of March 31, 2016 and 426,307 as of December 31, 2015) TreasuryStockValue $28.70M USD Point-in-time
Treasury stock, at cost (435,849 shares as of March 31, 2016 and 426,307 as of December 31, 2015) TreasuryStockValue $28.90M USD Point-in-time
Total Targa Resources Corp. stockholders' equity StockholdersEquity $5.33B USD Point-in-time
Total Targa Resources Corp. stockholders' equity StockholdersEquity $1.46B USD Point-in-time
Noncontrolling interests in subsidiaries MinorityInterest $4.79B USD Point-in-time
Noncontrolling interests in subsidiaries MinorityInterest $547.60M USD Point-in-time
Total owners' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.25B USD Point-in-time
Total owners' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.41B USD Point-in-time
Total owners' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.88B USD Point-in-time
Total owners' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.54B USD Point-in-time
Total liabilities, Preferred Series A Stock and owners' equity LiabilitiesAndStockholdersEquity $12.95B USD Point-in-time
Total liabilities, Preferred Series A Stock and owners' equity LiabilitiesAndStockholdersEquity $13.21B USD Point-in-time
Income Statement 53 line items
Line Item Tag Value Unit Period
Sales of commodities RevenueMineralSales $1.17B USD 1 Quarter
Sales of commodities RevenueMineralSales $1.40B USD 1 Quarter
Fees from midstream services NaturalGasMidstreamRevenue $271.40M USD 1 Quarter
Fees from midstream services NaturalGasMidstreamRevenue $277.50M USD 1 Quarter
Total revenues GasGatheringTransportationMarketingAndProcessingRevenue $1.68B USD 1 Quarter
Total revenues GasGatheringTransportationMarketingAndProcessingRevenue $1.44B USD 1 Quarter
Product purchases CostOfPurchasedOilAndGas $1.01B USD 1 Quarter
Product purchases CostOfPurchasedOilAndGas $1.26B USD 1 Quarter
Operating expenses OperatingCostsAndExpenses $132.10M USD 1 Quarter
Operating expenses OperatingCostsAndExpenses $121.10M USD 1 Quarter
Depreciation and amortization expenses DepreciationDepletionAndAmortization $118.60M USD 1 Quarter
Depreciation and amortization expenses DepreciationDepletionAndAmortization $193.50M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $42.60M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $45.30M USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss - USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss $24.00M USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss $290.00M USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss $290.00M USD Annual
Other operating (income) expense OtherOperatingIncomeExpenseNet $-600.00K USD 1 Quarter
Other operating (income) expense OtherOperatingIncomeExpenseNet $-1.00M USD 1 Quarter
Total costs and expenses CostsAndExpenses $1.54B USD 1 Quarter
Total costs and expenses CostsAndExpenses $1.41B USD 1 Quarter
Income from operations OperatingIncomeLoss $138.20M USD 1 Quarter
Income from operations OperatingIncomeLoss $35.50M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-54.10M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-52.90M USD 1 Quarter
Equity earnings (loss) IncomeLossFromEquityMethodInvestments $-4.80M USD 1 Quarter
Equity earnings (loss) IncomeLossFromEquityMethodInvestments $1.90M USD 1 Quarter
Gain (loss) from financing activities InterestAndDebtIncomeExpense $24.70M USD 1 Quarter
Gain (loss) from financing activities InterestAndDebtIncomeExpense $-9.10M USD 1 Quarter
Other OtherNonoperatingIncomeExpense $-26.00M USD 1 Quarter
Other OtherNonoperatingIncomeExpense $-100.00K USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $2.40M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $50.90M USD 1 Quarter
Total tax (expense) benefit IncomeTaxExpenseBenefit $3.10M USD 1 Quarter
Total tax (expense) benefit IncomeTaxExpenseBenefit $15.20M USD 1 Quarter
Net income (loss): ProfitLoss $35.70M USD 1 Quarter
Net income (loss): ProfitLoss $-700.00K USD 1 Quarter
Less: Net income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $32.50M USD 1 Quarter
Less: Net income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $2.00M USD 1 Quarter
Net income (loss) attributable to Targa Resources Corp. NetIncomeLoss $-2.70M USD 1 Quarter
Net income (loss) attributable to Targa Resources Corp. NetIncomeLoss $3.20M USD 1 Quarter
Dividends on Series A preferred stock DividendsPreferredStockCash $3.80M USD 1 Quarter
Net income (loss) attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $-6.50M USD 1 Quarter
Net income (loss) attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $3.20M USD 1 Quarter
Net income (loss) per common share - basic EarningsPerShareBasic $-0.06 USD 1 Quarter
Net income (loss) per common share - basic EarningsPerShareBasic $0.07 USD 1 Quarter
Net income (loss) per common share - diluted EarningsPerShareDiluted $-0.06 USD 1 Quarter
Net income (loss) per common share - diluted EarningsPerShareDiluted $0.07 USD 1 Quarter
Weighted average shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 45.80M shares 1 Quarter
Weighted average shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 106.60M shares 1 Quarter
Weighted average shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 106.60M shares 1 Quarter
Weighted average shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 45.90M shares 1 Quarter
Cash Flow Statement 84 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $35.70M USD 1 Quarter
Net income (loss) ProfitLoss $-700.00K USD 1 Quarter
Amortization in interest expense AmortizationOfFinancingCostsAndDiscounts $4.20M USD 1 Quarter
Amortization in interest expense AmortizationOfFinancingCostsAndDiscounts $3.20M USD 1 Quarter
Compensation on equity grants ShareBasedCompensation $5.90M USD 1 Quarter
Compensation on equity grants ShareBasedCompensation $8.00M USD 1 Quarter
Depreciation and amortization expenses DepreciationDepletionAndAmortization $118.60M USD 1 Quarter
Depreciation and amortization expenses DepreciationDepletionAndAmortization $193.50M USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss - USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss $24.00M USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss $290.00M USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss $290.00M USD Annual
Accretion of asset retirement obligations AssetRetirementObligationAccretionExpense $1.30M USD 1 Quarter
Accretion of asset retirement obligations AssetRetirementObligationAccretionExpense $1.20M USD 1 Quarter
Change in redemption value of mandatorily redeemable preferred interest MinorityInterestChangeInRedemptionValue $18.50M USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $3.10M USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $6.10M USD 1 Quarter
Equity (earnings) loss of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $-4.80M USD 1 Quarter
Equity (earnings) loss of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $1.90M USD 1 Quarter
Distributions received from unconsolidated affiliates EquityMethodInvestmentDividendsOrDistributions $2.20M USD 1 Quarter
Risk management activities UnrealizedGainLossOnDerivatives $-4.40M USD 1 Quarter
Risk management activities UnrealizedGainLossOnDerivatives $-6.50M USD 1 Quarter
(Gain) loss on sale or disposition of assets GainLossOnSaleOfProperty $-700.00K USD 1 Quarter
(Gain) loss on sale or disposition of assets GainLossOnSaleOfProperty $-900.00K USD 1 Quarter
(Gain) loss from financing activities InterestAndDebtIncomeExpense $24.70M USD 1 Quarter
(Gain) loss from financing activities InterestAndDebtIncomeExpense $-9.10M USD 1 Quarter
Receivables and other assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets $-94.70M USD 1 Quarter
Receivables and other assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets $-90.70M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $-62.30M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $-102.40M USD 1 Quarter
Accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-109.20M USD 1 Quarter
Accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-115.90M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $271.30M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $241.30M USD 1 Quarter
Outlays for property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $187.60M USD 1 Quarter
Outlays for property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $190.10M USD 1 Quarter
Outlays for business acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $745.70M USD Point-in-time
Outlays for business acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $1.57B USD 1 Quarter
Return of capital from unconsolidated affiliates ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $3.40M USD 1 Quarter
Return of capital from unconsolidated affiliates ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $600.00K USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $7.80M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $1.30M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-1.77B USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-188.00M USD 1 Quarter
Proceeds from borrowings under credit facilities ProceedsFromLinesOfCredit $1.46B USD 1 Quarter
Proceeds from borrowings under credit facilities ProceedsFromLinesOfCredit $532.00M USD 1 Quarter
Repayments of credit facilities RepaymentsOfLinesOfCredit $258.00M USD 1 Quarter
Repayments of credit facilities RepaymentsOfLinesOfCredit $977.00M USD 1 Quarter
Proceeds from accounts receivable securitization facility ProceedsFromAccountsReceivableSecuritization $5.70M USD 1 Quarter
Proceeds from accounts receivable securitization facility ProceedsFromAccountsReceivableSecuritization $253.40M USD 1 Quarter
Repayments of accounts receivable securitization facility RepaymentsOfAccountsReceivableSecuritization $238.30M USD 1 Quarter
Repayments of accounts receivable securitization facility RepaymentsOfAccountsReceivableSecuritization $75.00M USD 1 Quarter
Proceeds from issuance of senior notes and term loan ProceedsFromIssuanceOfDebt $1.53B USD 1 Quarter
Open market purchases of senior notes OpenMarketPurchasesOfSeniorNotes $330.60M USD 1 Quarter
Repayments on senior term loan RepaymentsOfNotesPayable $188.00M USD 1 Quarter
Redemption of APL senior notes RepaymentsOfSeniorDebt $1.17B USD 1 Quarter
Costs incurred in connection with financing arrangements PaymentsOfDebtIssuanceCosts $38.50M USD 1 Quarter
Costs incurred in connection with financing arrangements PaymentsOfDebtIssuanceCosts $41.70M USD 1 Quarter
Proceeds from sale of Partnership common and preferred units ProceedsFromSaleOfInterestInPartnershipUnit $28.20M USD 1 Quarter
Repurchase of shares and units under compensation plans PaymentsToAcquireLimitedPartnershipInterests $200.00K USD 1 Quarter
Repurchase of shares and units under compensation plans PaymentsToAcquireLimitedPartnershipInterests $2.10M USD 1 Quarter
Contributions from noncontrolling interests ProceedsFromMinorityShareholders $3.40M USD 1 Quarter
Contributions from noncontrolling interests ProceedsFromMinorityShareholders $6.00M USD 1 Quarter
Distributions to noncontrolling interests PaymentsToMinorityShareholders $2.10M USD 1 Quarter
Distributions to noncontrolling interests PaymentsToMinorityShareholders $2.70M USD 1 Quarter
Payments of distribution equivalent rights PaymentOfDistributionEquivalentRights $300.00K USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $336.20M USD 1 Quarter
Proceeds from issuance of preferred stock and warrants ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants $994.10M USD 1 Quarter
Distributions to Partnership unitholders DistributionMadeToLimitedPartnerCashDistributionsPaid $141.70M USD 1 Quarter
Distributions to Partnership unitholders DistributionMadeToLimitedPartnerCashDistributionsPaid $85.90M USD 1 Quarter
Dividends to common shareholders PaymentsOfDividendsCommonStock $51.40M USD 1 Quarter
Dividends to common shareholders PaymentsOfDividendsCommonStock $32.40M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-79.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $1.59B USD 1 Quarter
Net change in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $91.40M USD 1 Quarter
Net change in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $-25.70M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $172.40M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $81.00M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $140.20M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $114.50M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $172.40M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $81.00M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $140.20M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $114.50M USD Point-in-time
Stockholders Equity 42 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.25B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.41B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.88B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.54B USD Point-in-time
Compensation on equity grants StockGrantedDuringPeriodValueSharebasedCompensationGross $5.90M USD 1 Quarter
Compensation on equity grants StockGrantedDuringPeriodValueSharebasedCompensationGross $8.00M USD 1 Quarter
Distribution equivalent rights DistributionEquivalentRights $3.70M USD 1 Quarter
Distribution equivalent rights DistributionEquivalentRights $200.00K USD 1 Quarter
Shares and units tendered for tax withholding obligations AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $300.00K USD 1 Quarter
Shares and units tendered for tax withholding obligations AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $2.20M USD 1 Quarter
Sale of Partnership limited partner interests NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest $53.00M USD 1 Quarter
Receivables from Partnership unit offerings MinorityInterestDecreaseFromRedemptions $24.80M USD 1 Quarter
Proceeds from equity issuances StockIssuedDuringPeriodValueNewIssues $336.20M USD 1 Quarter
Issuance of preferred Series A and detachable warrants StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants $796.80M USD 1 Quarter
Preferred stock dividends DividendsPreferredStockStock $3.80M USD 1 Quarter
Common stock dividends DividendsCommonStockStock $23.10M USD 1 Quarter
Common stock dividends in excess of retained earnings AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings $7.00M USD 1 Quarter
Common stock dividends in excess of retained earnings AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings $28.00M USD 1 Quarter
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $88.60M USD 1 Quarter
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $143.80M USD 1 Quarter
Contributions from noncontrolling interests ContributionsFromNonControllingInterest $3.40M USD 1 Quarter
Contributions from noncontrolling interests ContributionsFromNonControllingInterest $6.00M USD 1 Quarter
Noncontrolling interests in acquired subsidiaries NoncontrollingInterestIncreaseFromBusinessCombination $-971.10M USD 1 Quarter
Noncontrolling interests in acquired subsidiaries NoncontrollingInterestIncreaseFromBusinessCombination $113.40M USD 1 Quarter
Dividends Dividends $25.40M USD 1 Quarter
Common stock issued in ATLS merger StockIssuedDuringPeriodValueAcquisitions $1.01B USD 1 Quarter
Partnership units issued in APL merger NoncontrollingInterestIncreaseFromIssuanceOfPartnershipUnits $2.44B USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-7.10M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $18.00M USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-23.90M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-5.80M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $25.20M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $25.80M USD Annual
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $16.70M USD 1 Quarter
Net income (loss) ProfitLoss $35.70M USD 1 Quarter
Net income (loss) ProfitLoss $-700.00K USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.25B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.41B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.88B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.54B USD Point-in-time
Contribution of APL GP interest to the Partnership ContributionOfInterestToPartnership - USD 1 Quarter
Impact of Partnership equity transactions NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance - USD 1 Quarter
Comprehensive Income 81 line items
Line Item Tag Value Unit Period
Net income (loss) attributable to Targa Resources Corp. NetIncomeLoss $-2.70M USD 1 Quarter
Net income (loss) attributable to Targa Resources Corp. NetIncomeLoss $3.20M USD 1 Quarter
Change in fair value, pre-tax OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent $2.30M USD 1 Quarter
Change in fair value, pre-tax OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent $-17.10M USD 1 Quarter
Change in fair value, related income tax OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $-6.60M USD 1 Quarter
Change in fair value, related income tax OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $900.00K USD 1 Quarter
Change in fair value, after tax OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $1.40M USD 1 Quarter
Change in fair value, after tax OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $-10.50M USD 1 Quarter
Settlements reclassified to revenues, pre-tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTaxPortionAttributableToParent $-1.40M USD 1 Quarter
Settlements reclassified to revenues, pre-tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTaxPortionAttributableToParent $-13.00M USD 1 Quarter
Settlements reclassified to revenues, related income tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTaxPortionAttributableToParent $-5.10M USD 1 Quarter
Settlements reclassified to revenues, related income tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTaxPortionAttributableToParent $-500.00K USD 1 Quarter
Settlements reclassified to revenues, after tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTaxPortionAttributableToParent $-7.90M USD 1 Quarter
Settlements reclassified to revenues, after tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTaxPortionAttributableToParent $-900.00K USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $-30.10M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $900.00K USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., related income tax OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $400.00K USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., related income tax OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $-11.70M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-18.40M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $500.00K USD 1 Quarter
Comprehensive income attributable to Targa Resources Corp. ComprehensiveIncomeNetOfTax $3.70M USD 1 Quarter
Comprehensive income attributable to Targa Resources Corp. ComprehensiveIncomeNetOfTax $-21.10M USD 1 Quarter
Net income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $32.50M USD 1 Quarter
Net income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $2.00M USD 1 Quarter
Change in fair value, pre-tax OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToNoncontrollingInterest $28.00M USD 1 Quarter
Change in fair value, pre-tax OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToNoncontrollingInterest $23.80M USD 1 Quarter
Change in fair value, related income tax OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToNoncontrollingInterest - USD 1 Quarter
Change in fair value, related income tax OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToNoncontrollingInterest - USD 1 Quarter
Change in fair value, after tax OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest $28.00M USD 1 Quarter
Change in fair value, after tax OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest $23.80M USD 1 Quarter
Settlements reclassified to revenues, pre-tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomePortionAttributableToNoncontrollingInterest $-11.80M USD 1 Quarter
Settlements reclassified to revenues, pre-tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomePortionAttributableToNoncontrollingInterest $-11.20M USD 1 Quarter
Settlements reclassified to revenues, related income tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTaxPortionAttributableToNoncontrollingInterest - USD 1 Quarter
Settlements reclassified to revenues, related income tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTaxPortionAttributableToNoncontrollingInterest - USD 1 Quarter
Settlements reclassified to revenues, after tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTaxPortionAttributableToNoncontrollingInterest $-11.20M USD 1 Quarter
Settlements reclassified to revenues, after tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTaxPortionAttributableToNoncontrollingInterest $-11.80M USD 1 Quarter
Other comprehensive income (loss) attributable to noncontrolling interests, pre-tax OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest $12.60M USD 1 Quarter
Other comprehensive income (loss) attributable to noncontrolling interests, pre-tax OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest $16.20M USD 1 Quarter
Other comprehensive income (loss) attributable to noncontrolling interests, related income tax OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest - USD 1 Quarter
Other comprehensive income (loss) attributable to noncontrolling interests, related income tax OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest - USD 1 Quarter
Other comprehensive income (loss) attributable to noncontrolling interests, after tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $16.20M USD 1 Quarter
Other comprehensive income (loss) attributable to noncontrolling interests, after tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $12.60M USD 1 Quarter
Comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $14.60M USD 1 Quarter
Comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $48.70M USD 1 Quarter
Net income (loss) ProfitLoss $35.70M USD 1 Quarter
Net income (loss) ProfitLoss $-700.00K USD 1 Quarter
Change in fair value, pre-tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $30.30M USD 1 Quarter
Change in fair value, pre-tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $6.70M USD 1 Quarter
Change in fair value, related income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $-6.60M USD 1 Quarter
Change in fair value, related income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $900.00K USD 1 Quarter
Change in fair value, after tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $13.30M USD 1 Quarter
Change in fair value, after tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $29.40M USD 1 Quarter
Settlements reclassified to revenues, pre-tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTaxIncludingPortionAttributableToNoncontrollingInterest $-13.20M USD 1 Quarter
Settlements reclassified to revenues, pre-tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTaxIncludingPortionAttributableToNoncontrollingInterest $-24.20M USD 1 Quarter
Settlements reclassified to revenues, related income tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTaxIncludingPortionAttributableToNoncontrollingInterest $-500.00K USD 1 Quarter
Settlements reclassified to revenues, related income tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTaxIncludingPortionAttributableToNoncontrollingInterest $-5.10M USD 1 Quarter
Settlements reclassified to revenues, after tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-19.10M USD 1 Quarter
Settlements reclassified to revenues, after tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-12.70M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax OtherComprehensiveIncomeLossBeforeTax $26.40M USD Annual
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax OtherComprehensiveIncomeLossBeforeTax $18.30M USD 3 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax OtherComprehensiveIncomeLossBeforeTax $-25.00M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax OtherComprehensiveIncomeLossBeforeTax $-7.90M USD 2 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax OtherComprehensiveIncomeLossBeforeTax $17.10M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax OtherComprehensiveIncomeLossBeforeTax $26.20M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax OtherComprehensiveIncomeLossBeforeTax $-17.50M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., related income tax OtherComprehensiveIncomeLossTax $-800.00K USD 2 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., related income tax OtherComprehensiveIncomeLossTax $-11.70M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., related income tax OtherComprehensiveIncomeLossTax $300.00K USD 3 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., related income tax OtherComprehensiveIncomeLossTax $600.00K USD Annual
Other comprehensive income (loss) attributable to Targa Resources Corp., related income tax OtherComprehensiveIncomeLossTax $1.00M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., related income tax OtherComprehensiveIncomeLossTax $400.00K USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., related income tax OtherComprehensiveIncomeLossTax $-1.10M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax OtherComprehensiveIncomeLossNetOfTax $-7.10M USD 2 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax OtherComprehensiveIncomeLossNetOfTax $18.00M USD 3 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax OtherComprehensiveIncomeLossNetOfTax $-23.90M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax OtherComprehensiveIncomeLossNetOfTax $-5.80M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax OtherComprehensiveIncomeLossNetOfTax $25.20M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax OtherComprehensiveIncomeLossNetOfTax $25.80M USD Annual
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax OtherComprehensiveIncomeLossNetOfTax $16.70M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $52.40M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-6.50M USD 1 Quarter

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

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