10-Q Filing

TARGA RESOURCES CORP. CIK: 1389170 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-008688`
Period End Date	20170331
Filing Date	20170504
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	trgp-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 98 Income Statement 54 Cash Flow Statement 80 Stockholders Equity 33 Comprehensive Income 30

Balance Sheet 98 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$100.00K	USD	Point-in-time
Trade receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$900.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$140.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.50M	USD	Point-in-time
Trade receivables, net of allowances of $0.1 and $0.9 million at March 31, 2017 and December 31, 2016	`AccountsReceivableNetCurrent`	$674.60M	USD	Point-in-time
Trade receivables, net of allowances of $0.1 and $0.9 million at March 31, 2017 and December 31, 2016	`AccountsReceivableNetCurrent`	$537.70M	USD	Point-in-time
Inventories	`InventoryNet`	$75.50M	USD	Point-in-time
Inventories	`InventoryNet`	$137.70M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$23.90M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$16.80M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$67.80M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$70.60M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$36.40M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$24.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$812.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.01B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$12.96B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$12.52B	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
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.99B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.83B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$9.96B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	197.16M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	185.23M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$9.69B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	196.64M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	184.72M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.65B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.24B	USD	Point-in-time
Goodwill, net	`Goodwill`	$393.00M	USD	Point-in-time
Goodwill, net	`Goodwill`	$369.00M	USD	Point-in-time
Goodwill, net	`Goodwill`	$210.00M	USD	Point-in-time
Preferred stock, par value (in dollar per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollar per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$21.60M	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
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$5.10M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$240.80M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$227.00M	USD	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
Other long-term assets	`OtherAssetsNoncurrent`	$21.90M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$63.50M	USD	Point-in-time
Total assets	`Assets`	$12.95B	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	522,699.00	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	513,880.00	shares	Point-in-time
Total assets	`Assets`	$13.65B	USD	Point-in-time
Total assets	`Assets`	$12.87B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$843.50M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$867.20M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$49.10M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$22.20M	USD	Point-in-time
Current maturities of debt	`LongTermDebtCurrent`	$275.00M	USD	Point-in-time
Current maturities of debt	`LongTermDebtCurrent`	$534.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.17B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.42B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.61B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.21B	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$26.10M	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$7.90M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$941.20M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$951.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$215.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$688.90M	USD	Point-in-time
Contingencies (see Note 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (see Note 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock value	`CommonStockValueOutstanding`	$200.00K	USD	Point-in-time
Common stock value	`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, no 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, no shares issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.51B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.99B	USD	Point-in-time
Receivables from common stock issuances	`StockholdersEquityNoteSubscriptionsReceivable`	-	USD	Point-in-time
Receivables from common stock issuances	`StockholdersEquityNoteSubscriptionsReceivable`	$19.60M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-250.50M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-187.30M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-38.30M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.50M	USD	Point-in-time
Treasury stock, at cost (522,699 shares as of March 31, 2017 and 513,880 as of December 31, 2016)	`TreasuryStockValue`	$32.70M	USD	Point-in-time
Treasury stock, at cost (522,699 shares as of March 31, 2017 and 513,880 as of December 31, 2016)	`TreasuryStockValue`	$32.20M	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$5.69B	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$5.25B	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$475.80M	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$481.00M	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.72B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.25B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.17B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.88B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$12.87B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$13.65B	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Sales of commodities	`RevenueMineralSales`	$1.86B	USD	1 Quarter
Sales of commodities	`RevenueMineralSales`	$1.17B	USD	1 Quarter
Fees from midstream services	`NaturalGasMidstreamRevenue`	$254.50M	USD	1 Quarter
Fees from midstream services	`NaturalGasMidstreamRevenue`	$271.40M	USD	1 Quarter
Total revenues	`GasGatheringTransportationMarketingAndProcessingRevenue`	$2.11B	USD	1 Quarter
Total revenues	`GasGatheringTransportationMarketingAndProcessingRevenue`	$1.44B	USD	1 Quarter
Product purchases	`CostOfPurchasedOilAndGas`	$1.65B	USD	1 Quarter
Product purchases	`CostOfPurchasedOilAndGas`	$1.01B	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$132.10M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$151.90M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$193.50M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$191.10M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$48.70M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$45.30M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	$24.00M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-16.20M	USD	1 Quarter
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-1.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$35.50M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$50.50M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-52.90M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-63.00M	USD	1 Quarter
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$-4.80M	USD	1 Quarter
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$-12.60M	USD	1 Quarter
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-5.80M	USD	1 Quarter
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$24.70M	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-100.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-8.50M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-39.40M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.40M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$71.10M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$3.10M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-110.50M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-700.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.80M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.00M	USD	1 Quarter
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$-119.30M	USD	1 Quarter
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$-2.70M	USD	1 Quarter
Dividends on Series A preferred stock	`DividendsPreferredStock`	$22.90M	USD	1 Quarter
Dividends on Series A preferred stock	`DividendsPreferredStock`	$3.80M	USD	1 Quarter
Deemed dividends on Series A preferred stock	`DeemedPreferredStockDividend`	-	USD	1 Quarter
Deemed dividends on Series A preferred stock	`DeemedPreferredStockDividend`	$6.10M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.50M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-148.30M	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.77	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.77	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	106.60M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	191.80M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	191.80M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	106.60M	shares	1 Quarter
Dividends per common share declared for the period	`CommonStockDividendsPerShareDeclared`	$0.91	USD	1 Quarter
Dividends per common share declared for the period	`CommonStockDividendsPerShareDeclared`	$0.91	USD	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-110.50M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-700.00K	USD	1 Quarter
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$3.10M	USD	1 Quarter
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$4.20M	USD	1 Quarter
Compensation on equity grants	`ShareBasedCompensation`	$8.00M	USD	1 Quarter
Compensation on equity grants	`ShareBasedCompensation`	$10.80M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$193.50M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$191.10M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	$24.00M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$1.20M	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$1.30M	USD	1 Quarter
Increase (decrease) in redemption value of mandatorily redeemable preferred interests	`MinorityInterestChangeInRedemptionValue`	$18.50M	USD	1 Quarter
Increase (decrease) in redemption value of mandatorily redeemable preferred interests	`MinorityInterestChangeInRedemptionValue`	$-2.50M	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$3.10M	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$73.40M	USD	1 Quarter
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-4.80M	USD	1 Quarter
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-12.60M	USD	1 Quarter
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$2.70M	USD	1 Quarter
Risk management activities	`UnrealizedGainLossOnDerivatives`	$-8.50M	USD	1 Quarter
Risk management activities	`UnrealizedGainLossOnDerivatives`	$-4.40M	USD	1 Quarter
(Gain) loss on sale or disposition of assets	`GainLossOnSaleOfProperty`	$-900.00K	USD	1 Quarter
(Gain) loss on sale or disposition of assets	`GainLossOnSaleOfProperty`	$-16.10M	USD	1 Quarter
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-5.80M	USD	1 Quarter
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$24.70M	USD	1 Quarter
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.30M	USD	1 Quarter
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-241.20M	USD	1 Quarter
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-94.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-53.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-62.30M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-196.90M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-115.90M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$318.70M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$241.30M	USD	1 Quarter
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$144.20M	USD	1 Quarter
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$190.10M	USD	1 Quarter
Outlays for business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$480.80M	USD	1 Quarter
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$500.00K	USD	1 Quarter
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$3.40M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.30M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-188.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-625.50M	USD	1 Quarter
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$995.00M	USD	1 Quarter
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$532.00M	USD	1 Quarter
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$985.00M	USD	1 Quarter
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$977.00M	USD	1 Quarter
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$75.00M	USD	1 Quarter
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$5.70M	USD	1 Quarter
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$65.00M	USD	1 Quarter
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$75.00M	USD	1 Quarter
Redemption of senior notes and term loan	`RepaymentsOfSeniorDebt`	$330.60M	USD	1 Quarter
Redemption of senior notes and term loan	`RepaymentsOfSeniorDebt`	$160.00M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$524.20M	USD	Point-in-time
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$664.80M	USD	1 Quarter
Proceeds from issuance of preferred stock and warrants	`ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants`	$994.10M	USD	1 Quarter
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$38.50M	USD	1 Quarter
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$7.70M	USD	1 Quarter
Repurchase of shares and units under compensation plans	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$200.00K	USD	1 Quarter
Repurchase of shares and units under compensation plans	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$500.00K	USD	1 Quarter
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$6.00M	USD	1 Quarter
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$8.90M	USD	1 Quarter
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$2.10M	USD	1 Quarter
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$9.70M	USD	1 Quarter
Distributions to Partnership unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$141.70M	USD	1 Quarter
Distributions to Partnership unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$2.80M	USD	1 Quarter
Dividends paid to common and preferred shareholders	`PaymentsOfOrdinaryDividends`	$51.40M	USD	1 Quarter
Dividends paid to common and preferred shareholders	`PaymentsOfOrdinaryDividends`	$199.70M	USD	1 Quarter
Payments of distribution equivalent rights	`PaymentOfDistributionEquivalentRights`	$300.00K	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`	$313.30M	USD	1 Quarter
Net change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$6.50M	USD	1 Quarter
Net change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-25.70M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$73.50M	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`	$80.00M	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`	$73.50M	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`	$80.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$114.50M	USD	Point-in-time

Stockholders Equity 33 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.72B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.25B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.17B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.88B	USD	Point-in-time
Impact of accounting standard adoption (see Note 3)	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification`	$56.10M	USD	1 Quarter
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$8.00M	USD	1 Quarter
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$10.80M	USD	1 Quarter
Distribution equivalent rights	`DistributionEquivalentRights`	$2.20M	USD	1 Quarter
Distribution equivalent rights	`DistributionEquivalentRights`	$3.70M	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`	$500.00K	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$676.80M	USD	1 Quarter
Issuance of common stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	9.20M	shares	Point-in-time
Receivables from common stock offerings	`SaleOfStockConsiderationReceivedPerTransaction`	$19.60M	USD	1 Quarter
Dividends	`DividendsPreferredStock`	$22.90M	USD	1 Quarter
Dividends	`DividendsPreferredStock`	$3.80M	USD	1 Quarter
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$6.10M	USD	1 Quarter
Dividends declared	`DividendsCommonStock`	$176.60M	USD	1 Quarter
Dividends declared	`DividendsCommonStock`	$51.10M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$12.50M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$143.80M	USD	1 Quarter
Contributions from noncontrolling interests	`ContributionsFromNonControllingInterest`	$6.00M	USD	1 Quarter
Contributions from noncontrolling interests	`ContributionsFromNonControllingInterest`	$8.90M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$44.80M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-5.80M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-110.50M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-700.00K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.72B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.25B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.17B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.88B	USD	Point-in-time
Issuance of Series A Preferred and detachable warrants	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$796.80M	USD	1 Quarter
Acquisition of TRP noncontrolling common interests, net of acquisition costs and deferred income taxes	`NoncontrollingInterestIncreaseDecreaseFromBusinessCombination`	$-971.10M	USD	1 Quarter

Comprehensive Income 30 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$-119.30M	USD	1 Quarter
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$-2.70M	USD	1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$72.30M	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., related income tax	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$27.50M	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`	$44.80M	USD	1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-18.40M	USD	1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$-74.50M	USD	1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$-21.10M	USD	1 Quarter
Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.80M	USD	1 Quarter
Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.00M	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`	-	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`	$12.60M	USD	1 Quarter
Other comprehensive income (loss) attributable to noncontrolling interests, after tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$14.60M	USD	1 Quarter
Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$8.80M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-110.50M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-700.00K	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., pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$72.30M	USD	1 Quarter
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`	$27.50M	USD	1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax	`OtherComprehensiveIncomeLossNetOfTax`	$44.80M	USD	1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-5.80M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-65.70M	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.