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10-Q Filing

TARGA RESOURCES CORP. CIK: 1389170 Q2 2017
Filing Information
Form Type 10-Q
Accession Number 0001564590-17-015398
Period End Date 20170630
Filing Date 20170803
Fiscal Year 2017
Fiscal Period Q2
XBRL Instance trgp-20170630.xml
Balance Sheet 100 line items
Line Item Tag Value Unit Period
Trade receivables, allowances AllowanceForDoubtfulAccountsReceivableCurrent $200.00K USD Point-in-time
Trade receivables, allowances AllowanceForDoubtfulAccountsReceivableCurrent $900.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $170.90M 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 $98.70M USD Point-in-time
Trade receivables, net of allowances of $0.2 and $0.9 million at June 30, 2017 and December 31, 2016 AccountsReceivableNetCurrent $674.60M USD Point-in-time
Trade receivables, net of allowances of $0.2 and $0.9 million at June 30, 2017 and December 31, 2016 AccountsReceivableNetCurrent $550.40M USD Point-in-time
Inventories InventoryNet $137.70M USD Point-in-time
Inventories InventoryNet $197.70M USD Point-in-time
Assets from risk management activities DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent $16.80M USD Point-in-time
Assets from risk management activities DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent $35.70M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $67.80M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $2.00M USD Point-in-time
Other current assets OtherAssetsCurrent $36.40M USD Point-in-time
Other current assets OtherAssetsCurrent $30.40M USD Point-in-time
Total current assets AssetsCurrent $1.01B USD Point-in-time
Total current assets AssetsCurrent $914.90M USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentGross $13.31B 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
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 300.00M shares Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $3.09B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $2.83B USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 300.00M shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $9.69B USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 216.13M shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $10.23B USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 185.23M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 184.72M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 215.58M shares Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $2.26B USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $1.65B USD Point-in-time
Goodwill, net Goodwill $393.00M USD Point-in-time
Goodwill, net Goodwill $256.60M USD Point-in-time
Goodwill, net Goodwill $393.00M 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
Goodwill, net Goodwill $256.60M 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
Long-term assets from risk management activities DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent $17.30M USD Point-in-time
Investments in unconsolidated affiliates EquityMethodInvestments $218.40M 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
Investments in unconsolidated affiliates EquityMethodInvestments $240.80M 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
Other long-term assets OtherAssetsNoncurrent $19.70M USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Total assets Assets $13.00B USD Point-in-time
Total assets Assets $13.00B USD Point-in-time
Total assets Assets $13.92B USD Point-in-time
Total assets Assets $13.92B USD Point-in-time
Total assets Assets $12.87B USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 513,880.00 shares Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 558,567.00 shares Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $886.00M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $843.50M USD Point-in-time
Liabilities from risk management activities DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent $9.50M USD Point-in-time
Liabilities from risk management activities DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent $49.10M USD Point-in-time
Current debt obligations DebtCurrentNetOfIssuanceCost $275.00M USD Point-in-time
Current debt obligations DebtCurrentNetOfIssuanceCost $500.10M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.40B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.17B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $3.94B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $4.61B 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 $5.50M USD Point-in-time
Deferred income taxes, net DeferredTaxLiabilitiesNoncurrent $941.20M USD Point-in-time
Deferred income taxes, net DeferredTaxLiabilitiesNoncurrent $852.90M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $588.40M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $215.10M 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 $6.67B USD Point-in-time
Retained earnings (deficit) RetainedEarningsAccumulatedDeficit $-192.90M 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 $21.50M USD Point-in-time
Treasury stock, at cost (558,567 shares as of June 30, 2017 and 513,880 as of December 31, 2016) TreasuryStockValue $34.30M USD Point-in-time
Treasury stock, at cost (558,567 shares as of June 30, 2017 and 513,880 as of December 31, 2016) TreasuryStockValue $32.20M USD Point-in-time
Total Targa Resources Corp. stockholders' equity StockholdersEquity $6.46B USD Point-in-time
Total Targa Resources Corp. stockholders' equity StockholdersEquity $5.25B USD Point-in-time
Noncontrolling interests in subsidiaries MinorityInterest $474.30M USD Point-in-time
Noncontrolling interests in subsidiaries MinorityInterest $475.80M USD Point-in-time
Total owners' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.84B USD Point-in-time
Total owners' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.94B USD Point-in-time
Total owners' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.25B USD Point-in-time
Total owners' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.72B 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 $13.92B USD Point-in-time
Income Statement 109 line items
Line Item Tag Value Unit Period
Sales of commodities RevenueMineralSales $3.48B USD 2 Qtrs
Sales of commodities RevenueMineralSales $1.31B USD 1 Quarter
Sales of commodities RevenueMineralSales $2.48B USD 2 Qtrs
Sales of commodities RevenueMineralSales $1.62B USD 1 Quarter
Fees from midstream services NaturalGasMidstreamRevenue $243.90M USD 1 Quarter
Fees from midstream services NaturalGasMidstreamRevenue $542.00M USD 2 Qtrs
Fees from midstream services NaturalGasMidstreamRevenue $498.60M USD 2 Qtrs
Fees from midstream services NaturalGasMidstreamRevenue $270.70M USD 1 Quarter
Total revenues GasGatheringTransportationMarketingAndProcessingRevenue $3.03B USD 2 Qtrs
Total revenues GasGatheringTransportationMarketingAndProcessingRevenue $1.58B USD 1 Quarter
Total revenues GasGatheringTransportationMarketingAndProcessingRevenue $3.98B USD 2 Qtrs
Total revenues GasGatheringTransportationMarketingAndProcessingRevenue $1.87B USD 1 Quarter
Product purchases CostOfPurchasedOilAndGas $1.42B USD 1 Quarter
Product purchases CostOfPurchasedOilAndGas $1.15B USD 1 Quarter
Product purchases CostOfPurchasedOilAndGas $2.16B USD 2 Qtrs
Product purchases CostOfPurchasedOilAndGas $3.07B USD 2 Qtrs
Operating expenses OperatingCostsAndExpenses $138.90M USD 1 Quarter
Operating expenses OperatingCostsAndExpenses $271.00M USD 2 Qtrs
Operating expenses OperatingCostsAndExpenses $155.20M USD 1 Quarter
Operating expenses OperatingCostsAndExpenses $307.20M USD 2 Qtrs
Depreciation and amortization expense DepreciationDepletionAndAmortization $394.60M USD 2 Qtrs
Depreciation and amortization expense DepreciationDepletionAndAmortization $186.10M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $203.40M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $379.60M USD 2 Qtrs
General and administrative expense GeneralAndAdministrativeExpense $47.00M USD 1 Quarter
General and administrative expense GeneralAndAdministrativeExpense $92.20M USD 2 Qtrs
General and administrative expense GeneralAndAdministrativeExpense $51.00M USD 1 Quarter
General and administrative expense GeneralAndAdministrativeExpense $99.60M USD 2 Qtrs
Goodwill impairment GoodwillImpairmentLoss - USD 2 Qtrs
Goodwill impairment GoodwillImpairmentLoss $24.00M USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss $24.00M USD 2 Qtrs
Goodwill impairment GoodwillImpairmentLoss - USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss - USD 1 Quarter
Other operating (income) expense OtherOperatingIncomeExpenseNet $-16.50M USD 2 Qtrs
Other operating (income) expense OtherOperatingIncomeExpenseNet $-100.00K USD 1 Quarter
Other operating (income) expense OtherOperatingIncomeExpenseNet $-300.00K USD 1 Quarter
Other operating (income) expense OtherOperatingIncomeExpenseNet $-1.10M USD 2 Qtrs
Income from operations OperatingIncomeLoss $87.60M USD 2 Qtrs
Income from operations OperatingIncomeLoss $101.90M USD 2 Qtrs
Income from operations OperatingIncomeLoss $66.30M USD 1 Quarter
Income from operations OperatingIncomeLoss $37.20M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-124.30M USD 2 Qtrs
Interest expense, net InterestIncomeExpenseNet $-71.40M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-125.10M USD 2 Qtrs
Interest expense, net InterestIncomeExpenseNet $-62.10M USD 1 Quarter
Equity earnings (loss) IncomeLossFromEquityMethodInvestments $-4.20M USD 1 Quarter
Equity earnings (loss) IncomeLossFromEquityMethodInvestments $-9.20M USD 2 Qtrs
Equity earnings (loss) IncomeLossFromEquityMethodInvestments $-16.80M USD 2 Qtrs
Equity earnings (loss) IncomeLossFromEquityMethodInvestments $-4.40M USD 1 Quarter
Gain (loss) from financing activities GainLossOnRepurchaseOfDebtInstrument $21.40M USD 2 Qtrs
Gain (loss) from financing activities GainLossOnRepurchaseOfDebtInstrument $-16.50M USD 2 Qtrs
Gain (loss) from financing activities GainLossOnRepurchaseOfDebtInstrument $-3.30M USD 1 Quarter
Gain (loss) from financing activities GainLossOnRepurchaseOfDebtInstrument $-10.70M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-4.00M USD 2 Qtrs
Other, net OtherNonoperatingIncomeExpense $4.40M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-100.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-200.00K USD 2 Qtrs
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-74.80M USD 2 Qtrs
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-35.40M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-12.90M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-10.40M USD 2 Qtrs
Income tax (expense) benefit IncomeTaxExpenseBenefit $1.70M USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $-106.00M USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $-34.90M USD 2 Qtrs
Income tax (expense) benefit IncomeTaxExpenseBenefit $4.80M USD 2 Qtrs
Net income (loss) ProfitLoss $-15.20M USD 2 Qtrs
Net income (loss) ProfitLoss $70.60M USD 1 Quarter
Net income (loss) ProfitLoss $-14.60M USD 1 Quarter
Net income (loss) ProfitLoss $-39.90M USD 2 Qtrs
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $8.60M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $13.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $10.70M USD 2 Qtrs
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $21.80M USD 2 Qtrs
Net income (loss) attributable to Targa Resources Corp. NetIncomeLoss $57.60M USD 1 Quarter
Net income (loss) attributable to Targa Resources Corp. NetIncomeLoss $-25.90M USD 2 Qtrs
Net income (loss) attributable to Targa Resources Corp. NetIncomeLoss $-61.70M USD 2 Qtrs
Net income (loss) attributable to Targa Resources Corp. NetIncomeLoss $-23.20M USD 1 Quarter
Dividends on Series A preferred stock DividendsPreferredStock $45.80M USD 2 Qtrs
Dividends on Series A preferred stock DividendsPreferredStock $22.90M USD 1 Quarter
Dividends on Series A preferred stock DividendsPreferredStock $26.70M USD 2 Qtrs
Dividends on Series A preferred stock DividendsPreferredStock $22.90M USD 1 Quarter
Deemed dividends on Series A preferred stock DeemedPreferredStockDividend $12.50M USD 2 Qtrs
Deemed dividends on Series A preferred stock DeemedPreferredStockDividend $6.30M USD 1 Quarter
Deemed dividends on Series A preferred stock DeemedPreferredStockDividend $6.50M USD 2 Qtrs
Deemed dividends on Series A preferred stock DeemedPreferredStockDividend $6.50M USD 1 Quarter
Net income (loss) attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $-120.00M USD 2 Qtrs
Net income (loss) attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $-52.60M USD 1 Quarter
Net income (loss) attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $-59.10M USD 2 Qtrs
Net income (loss) attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $28.40M USD 1 Quarter
Net income (loss) per common share - basic EarningsPerShareBasic $-0.44 USD 2 Qtrs
Net income (loss) per common share - basic EarningsPerShareBasic $-0.33 USD 1 Quarter
Net income (loss) per common share - basic EarningsPerShareBasic $0.14 USD 1 Quarter
Net income (loss) per common share - basic EarningsPerShareBasic $-0.61 USD 2 Qtrs
Net income (loss) per common share - diluted EarningsPerShareDiluted $-0.33 USD 1 Quarter
Net income (loss) per common share - diluted EarningsPerShareDiluted $-0.61 USD 2 Qtrs
Net income (loss) per common share - diluted EarningsPerShareDiluted $0.14 USD 1 Quarter
Net income (loss) per common share - diluted EarningsPerShareDiluted $-0.44 USD 2 Qtrs
Weighted average shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 197.80M shares 2 Qtrs
Weighted average shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 134.10M shares 2 Qtrs
Weighted average shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 203.70M shares 1 Quarter
Weighted average shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 161.60M shares 1 Quarter
Weighted average shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 134.10M shares 2 Qtrs
Weighted average shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 161.60M shares 1 Quarter
Weighted average shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 205.00M shares 1 Quarter
Weighted average shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 197.80M shares 2 Qtrs
Dividends per common share declared for the period CommonStockDividendsPerShareDeclared $1.82 USD 2 Qtrs
Dividends per common share declared for the period CommonStockDividendsPerShareDeclared $0.91 USD 1 Quarter
Dividends per common share declared for the period CommonStockDividendsPerShareDeclared $1.82 USD 2 Qtrs
Dividends per common share declared for the period CommonStockDividendsPerShareDeclared $0.91 USD 1 Quarter
Cash Flow Statement 98 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-15.20M USD 2 Qtrs
Net income (loss) ProfitLoss $70.60M USD 1 Quarter
Net income (loss) ProfitLoss $-14.60M USD 1 Quarter
Net income (loss) ProfitLoss $-39.90M USD 2 Qtrs
Amortization in interest expense AmortizationOfFinancingCostsAndDiscounts $8.20M USD 2 Qtrs
Amortization in interest expense AmortizationOfFinancingCostsAndDiscounts $5.90M USD 2 Qtrs
Compensation on equity grants ShareBasedCompensation $21.50M USD 2 Qtrs
Compensation on equity grants ShareBasedCompensation $15.20M USD 2 Qtrs
Depreciation and amortization expense DepreciationDepletionAndAmortization $394.60M USD 2 Qtrs
Depreciation and amortization expense DepreciationDepletionAndAmortization $186.10M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $203.40M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $379.60M USD 2 Qtrs
Goodwill impairment GoodwillImpairmentLoss - USD 2 Qtrs
Goodwill impairment GoodwillImpairmentLoss $24.00M USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss $24.00M USD 2 Qtrs
Goodwill impairment GoodwillImpairmentLoss - USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss - USD 1 Quarter
Accretion of asset retirement obligations AssetRetirementObligationAccretionExpense $2.30M USD 2 Qtrs
Accretion of asset retirement obligations AssetRetirementObligationAccretionExpense $2.20M USD 2 Qtrs
Increase (decrease) in redemption value of mandatorily redeemable preferred interests MinorityInterestChangeInRedemptionValue $14.60M USD 2 Qtrs
Increase (decrease) in redemption value of mandatorily redeemable preferred interests MinorityInterestChangeInRedemptionValue $-6.90M USD 2 Qtrs
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $4.80M USD 2 Qtrs
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $-34.50M USD 2 Qtrs
Equity (earnings) loss of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $-4.20M USD 1 Quarter
Equity (earnings) loss of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $-9.20M USD 2 Qtrs
Equity (earnings) loss of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $-16.80M USD 2 Qtrs
Equity (earnings) loss of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $-4.40M USD 1 Quarter
Distributions of earnings received from unconsolidated affiliates EquityMethodInvestmentDividendsOrDistributions $4.00M USD 2 Qtrs
Risk management activities UnrealizedGainLossOnDerivatives $-3.20M USD 2 Qtrs
Risk management activities UnrealizedGainLossOnDerivatives $-10.00M USD 2 Qtrs
(Gain) loss on sale or disposition of assets GainLossOnSaleOfProperty $-100.00K USD 1 Quarter
(Gain) loss on sale or disposition of assets GainLossOnSaleOfProperty $-16.20M USD 2 Qtrs
(Gain) loss on sale or disposition of assets GainLossOnSaleOfProperty $-900.00K USD 2 Qtrs
(Gain) loss from financing activities GainLossOnRepurchaseOfDebtInstrument $21.40M USD 2 Qtrs
(Gain) loss from financing activities GainLossOnRepurchaseOfDebtInstrument $-16.50M USD 2 Qtrs
(Gain) loss from financing activities GainLossOnRepurchaseOfDebtInstrument $-3.30M USD 1 Quarter
(Gain) loss from financing activities GainLossOnRepurchaseOfDebtInstrument $-10.70M USD 1 Quarter
Change in contingent considerations included in Other expense BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $1.20M USD 2 Qtrs
Receivables and other assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets $-19.60M USD 2 Qtrs
Receivables and other assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets $-299.00M USD 2 Qtrs
Inventories IncreaseDecreaseInInventories $-12.40M USD 2 Qtrs
Inventories IncreaseDecreaseInInventories $68.60M USD 2 Qtrs
Accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $29.30M USD 2 Qtrs
Accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-187.30M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $457.50M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $464.50M USD 2 Qtrs
Outlays for property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $307.70M USD 2 Qtrs
Outlays for property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $527.60M USD 2 Qtrs
Outlays for business acquisition, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $570.80M USD 2 Qtrs
Investments in unconsolidated affiliates PaymentsForAdvanceToAffiliate $600.00K USD 2 Qtrs
Return of capital from unconsolidated affiliates ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $3.90M USD 2 Qtrs
Return of capital from unconsolidated affiliates ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $3.20M USD 2 Qtrs
Other, net PaymentsForProceedsFromOtherInvestingActivities $12.80M USD 2 Qtrs
Other, net PaymentsForProceedsFromOtherInvestingActivities $1.40M USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-1.11B USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-305.20M USD 2 Qtrs
Proceeds from borrowings under credit facilities ProceedsFromLinesOfCredit $1.93B USD 2 Qtrs
Proceeds from borrowings under credit facilities ProceedsFromLinesOfCredit $1.07B USD 2 Qtrs
Repayments of credit facilities RepaymentsOfLinesOfCredit $1.46B USD 2 Qtrs
Repayments of credit facilities RepaymentsOfLinesOfCredit $1.92B USD 2 Qtrs
Proceeds from borrowings under accounts receivable securitization facility ProceedsFromAccountsReceivableSecuritization $121.40M USD 2 Qtrs
Proceeds from borrowings under accounts receivable securitization facility ProceedsFromAccountsReceivableSecuritization $218.50M USD 2 Qtrs
Repayments of accounts receivable securitization facility RepaymentsOfAccountsReceivableSecuritization $243.50M USD 2 Qtrs
Repayments of accounts receivable securitization facility RepaymentsOfAccountsReceivableSecuritization $115.70M USD 2 Qtrs
Open market purchases of senior notes OpenMarketPurchasesOfSeniorNotes $534.30M USD 2 Qtrs
Redemption of senior notes and term loan RepaymentsOfSeniorDebt $447.60M USD 2 Qtrs
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $524.20M USD Point-in-time
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $181.20M USD 2 Qtrs
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $1.57B USD 2 Qtrs
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $777.30M USD Point-in-time
Proceeds from issuance of preferred stock and warrants ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants $994.10M USD 2 Qtrs
Proceeds from issuance of preferred stock and warrants ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants $994.10M USD 1 Quarter
Costs incurred in connection with financing arrangements PaymentOfFinancingAndStockIssuanceCosts $44.30M USD 2 Qtrs
Costs incurred in connection with financing arrangements PaymentOfFinancingAndStockIssuanceCosts $14.90M USD 2 Qtrs
Repurchase of shares and units under compensation plans PaymentsRelatedToTaxWithholdingForShareBasedCompensation $400.00K USD 2 Qtrs
Repurchase of shares and units under compensation plans PaymentsRelatedToTaxWithholdingForShareBasedCompensation $600.00K USD 2 Qtrs
Purchase of noncontrolling interests in subsidiary PaymentsToMinorityShareholders $12.50M USD 2 Qtrs
Contributions from noncontrolling interests ProceedsFromMinorityShareholders $16.50M USD 2 Qtrs
Contributions from noncontrolling interests ProceedsFromMinorityShareholders $19.10M USD 2 Qtrs
Distributions to noncontrolling interests PaymentsOfDividendsMinorityInterest $6.30M USD 2 Qtrs
Distributions to noncontrolling interests PaymentsOfDividendsMinorityInterest $21.40M USD 2 Qtrs
Distributions to Partnership unitholders DistributionMadeToLimitedPartnerCashDistributionsPaid $5.60M USD 2 Qtrs
Distributions to Partnership unitholders DistributionMadeToLimitedPartnerCashDistributionsPaid $144.70M USD 2 Qtrs
Dividends paid to common and preferred shareholders PaymentsOfOrdinaryDividends $403.00M USD 2 Qtrs
Dividends paid to common and preferred shareholders PaymentsOfOrdinaryDividends $201.40M USD 2 Qtrs
Payments of distribution equivalent rights PaymentOfDistributionEquivalentRights $300.00K USD 2 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-121.60M USD 2 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $669.30M USD 2 Qtrs
Net change in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $25.20M USD 2 Qtrs
Net change in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $30.70M USD 2 Qtrs
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $170.90M USD Point-in-time
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 $98.70M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $170.90M 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 $98.70M USD Point-in-time
Stockholders Equity 43 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.84B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.94B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.25B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.72B USD Point-in-time
Impact of accounting standard adoption (see Note 3) NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification $56.10M USD 2 Qtrs
Compensation on equity grants StockGrantedDuringPeriodValueSharebasedCompensationGross $21.50M USD 2 Qtrs
Compensation on equity grants StockGrantedDuringPeriodValueSharebasedCompensationGross $15.20M USD 2 Qtrs
Distribution equivalent rights DistributionEquivalentRights $5.10M USD 2 Qtrs
Distribution equivalent rights DistributionEquivalentRights $4.60M USD 2 Qtrs
Shares and units tendered for tax withholding obligations AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $2.10M USD 2 Qtrs
Shares and units tendered for tax withholding obligations AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $500.00K USD 2 Qtrs
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $215.10M USD 2 Qtrs
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $1.56B USD 2 Qtrs
Issuance of common stock (in shares) StockIssuedDuringPeriodSharesNewIssues 17.00M shares Point-in-time
Issuance of common stock (in shares) StockIssuedDuringPeriodSharesNewIssues 9.20M shares Point-in-time
Receivables from common stock offerings SaleOfStockConsiderationReceivedPerTransaction $36.00M USD 2 Qtrs
Issuance of Series A preferred and detachable warrants StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants $796.80M USD 2 Qtrs
Dividends DividendsPreferredStock $45.80M USD 2 Qtrs
Dividends DividendsPreferredStock $22.90M USD 1 Quarter
Dividends DividendsPreferredStock $26.70M USD 2 Qtrs
Dividends DividendsPreferredStock $22.90M USD 1 Quarter
Deemed dividends - accretion of beneficial conversion feature DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature $12.50M USD 2 Qtrs
Deemed dividends - accretion of beneficial conversion feature DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature $6.50M USD 2 Qtrs
Dividends DividendsCommonStock $197.30M USD 2 Qtrs
Dividends DividendsCommonStock $356.90M USD 2 Qtrs
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $151.00M USD 2 Qtrs
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $27.30M USD 2 Qtrs
Contributions from noncontrolling interests ContributionsFromNonControllingInterest $19.10M USD 2 Qtrs
Contributions from noncontrolling interests ContributionsFromNonControllingInterest $16.50M USD 2 Qtrs
Acquisition of TRP noncontrolling common interests, net of acquisition costs and deferred income taxes NoncontrollingInterestIncreaseDecreaseFromBusinessCombination $-966.40M USD 2 Qtrs
Purchase of noncontrolling interests in subsidiary, net of tax impact MinorityInterestDecreaseFromRedemptions $12.50M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $15.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-48.70M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $59.80M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-54.60M USD 2 Qtrs
Net income (loss) ProfitLoss $-15.20M USD 2 Qtrs
Net income (loss) ProfitLoss $70.60M USD 1 Quarter
Net income (loss) ProfitLoss $-14.60M USD 1 Quarter
Net income (loss) ProfitLoss $-39.90M USD 2 Qtrs
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.84B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.94B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.25B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.72B USD Point-in-time
Comprehensive Income 60 line items
Line Item Tag Value Unit Period
Net income (loss) attributable to Targa Resources Corp. NetIncomeLoss $57.60M USD 1 Quarter
Net income (loss) attributable to Targa Resources Corp. NetIncomeLoss $-25.90M USD 2 Qtrs
Net income (loss) attributable to Targa Resources Corp. NetIncomeLoss $-61.70M USD 2 Qtrs
Net income (loss) attributable to Targa Resources Corp. NetIncomeLoss $-23.20M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $-108.40M USD 2 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $96.40M USD 2 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $24.10M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $-78.50M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., related income tax OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $36.60M USD 2 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., related income tax OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $-41.30M USD 2 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., related income tax OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $9.10M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., related income tax OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $-29.80M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-48.70M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $59.80M USD 2 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-67.10M USD 2 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $15.00M USD 1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp. ComprehensiveIncomeNetOfTax $72.60M USD 1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp. ComprehensiveIncomeNetOfTax $-71.90M USD 1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp. ComprehensiveIncomeNetOfTax $-93.00M USD 2 Qtrs
Comprehensive income (loss) attributable to Targa Resources Corp. ComprehensiveIncomeNetOfTax $-1.90M USD 2 Qtrs
Net income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $8.60M USD 1 Quarter
Net income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $13.00M USD 1 Quarter
Net income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $10.70M USD 2 Qtrs
Net income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $21.80M USD 2 Qtrs
Other comprehensive income (loss) attributable to noncontrolling interests, pre-tax OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest - USD 1 Quarter
Other comprehensive income (loss) attributable to noncontrolling interests, pre-tax OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest - USD 2 Qtrs
Other comprehensive income (loss) attributable to noncontrolling interests, pre-tax OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest - USD 1 Quarter
Other comprehensive income (loss) attributable to noncontrolling interests, pre-tax OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest $12.50M USD 2 Qtrs
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 2 Qtrs
Other comprehensive income (loss) attributable to noncontrolling interests, related income tax OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest - USD 2 Qtrs
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 - USD 1 Quarter
Other comprehensive income (loss) attributable to noncontrolling interests, after tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $12.50M USD 2 Qtrs
Other comprehensive income (loss) attributable to noncontrolling interests, after tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest - USD 1 Quarter
Other comprehensive income (loss) attributable to noncontrolling interests, after tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest - USD 2 Qtrs
Comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $21.80M USD 2 Qtrs
Comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $13.00M USD 1 Quarter
Comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $8.60M USD 1 Quarter
Comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $23.20M USD 2 Qtrs
Net income (loss) ProfitLoss $-15.20M USD 2 Qtrs
Net income (loss) ProfitLoss $70.60M USD 1 Quarter
Net income (loss) ProfitLoss $-14.60M USD 1 Quarter
Net income (loss) ProfitLoss $-39.90M USD 2 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax OtherComprehensiveIncomeLossBeforeTax $-78.50M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax OtherComprehensiveIncomeLossBeforeTax $24.10M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax OtherComprehensiveIncomeLossBeforeTax $96.40M USD 2 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., pre-tax OtherComprehensiveIncomeLossBeforeTax $-95.90M USD 2 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., related income tax OtherComprehensiveIncomeLossTax $36.60M USD 2 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., related income tax OtherComprehensiveIncomeLossTax $-29.80M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., related income tax OtherComprehensiveIncomeLossTax $-41.30M USD 2 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., related income tax OtherComprehensiveIncomeLossTax $9.10M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax OtherComprehensiveIncomeLossNetOfTax $15.00M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax OtherComprehensiveIncomeLossNetOfTax $-48.70M USD 1 Quarter
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax OtherComprehensiveIncomeLossNetOfTax $59.80M USD 2 Qtrs
Other comprehensive income (loss) attributable to Targa Resources Corp., after tax OtherComprehensiveIncomeLossNetOfTax $-54.60M USD 2 Qtrs
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-63.30M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $19.90M USD 2 Qtrs
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-69.80M USD 2 Qtrs
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $85.60M USD 1 Quarter

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

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