10-Q Filing

TARGA RESOURCES CORP. CIK: 1389170 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-020681`
Period End Date	20180630
Filing Date	20180809
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	trgp-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 106 Cash Flow Statement 97 Stockholders Equity 41 Comprehensive Income 28

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$100.00K	USD	Point-in-time
Trade receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$281.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$137.20M	USD	Point-in-time
Trade receivables, net of allowances of $0.0 and $0.1 million at June 30, 2018 and December 31, 2017	`AccountsReceivableNetCurrent`	$867.20M	USD	Point-in-time
Trade receivables, net of allowances of $0.0 and $0.1 million at June 30, 2018 and December 31, 2017	`AccountsReceivableNetCurrent`	$827.60M	USD	Point-in-time
Inventories	`InventoryNet`	$204.50M	USD	Point-in-time
Inventories	`InventoryNet`	$181.40M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$54.20M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$37.90M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$47.10M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$62.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.43B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.27B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$15.45B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$14.21B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.78B	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`	$4.03B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$11.42B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$10.43B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	226.13M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	218.15M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.07B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.17B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	217.57M	shares	Point-in-time
Goodwill, net	`Goodwill`	$256.60M	USD	Point-in-time
Goodwill, net	`Goodwill`	$256.60M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	225.49M	shares	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`	$21.70M	USD	Point-in-time
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$23.20M	USD	Point-in-time
Preferred stock, par value (in dollar per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$363.90M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$221.60M	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
Other long-term assets	`OtherAssetsNoncurrent`	$26.80M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$21.50M	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
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total assets	`Assets`	$15.60B	USD	Point-in-time
Total assets	`Assets`	$14.39B	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	640,033.00	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	585,640.00	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.19B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.67B	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$103.20M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$79.70M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$350.00M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$180.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.62B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.95B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.70B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.39B	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$19.60M	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$35.50M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$519.20M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$479.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$597.90M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$214.80M	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`	$6.30B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.23B	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-77.20M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$60.00M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-37.90M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-29.90M	USD	Point-in-time
Treasury stock, at cost (640,033 shares as of June 30, 2018 and 585,640 shares as of December 31, 2017)	`TreasuryStockValue`	$38.20M	USD	Point-in-time
Treasury stock, at cost (640,033 shares as of June 30, 2018 and 585,640 shares as of December 31, 2017)	`TreasuryStockValue`	$35.60M	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$6.22B	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$6.16B	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$595.70M	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$1.03B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.25B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.72B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.76B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.94B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$14.39B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$15.60B	USD	Point-in-time

Income Statement 106 line items

Line Item	Tag	Value	Unit	Period
Sales of commodities (see Note 3)	`OilAndGasSalesRevenue`	$2.15B	USD	1 Quarter
Sales of commodities (see Note 3)	`OilAndGasSalesRevenue`	$1.62B	USD	1 Quarter
Sales of commodities (see Note 3)	`OilAndGasSalesRevenue`	$3.48B	USD	2 Qtrs
Sales of commodities (see Note 3)	`OilAndGasSalesRevenue`	$4.33B	USD	2 Qtrs
Fees from midstream services (see Note 3)	`NaturalGasMidstreamRevenue`	$290.30M	USD	1 Quarter
Fees from midstream services (see Note 3)	`NaturalGasMidstreamRevenue`	$243.90M	USD	1 Quarter
Fees from midstream services (see Note 3)	`NaturalGasMidstreamRevenue`	$498.60M	USD	2 Qtrs
Fees from midstream services (see Note 3)	`NaturalGasMidstreamRevenue`	$572.60M	USD	2 Qtrs
Total revenues	`GasGatheringTransportationMarketingAndProcessingRevenue`	$4.90B	USD	2 Qtrs
Total revenues	`GasGatheringTransportationMarketingAndProcessingRevenue`	$1.87B	USD	1 Quarter
Total revenues	`GasGatheringTransportationMarketingAndProcessingRevenue`	$2.44B	USD	1 Quarter
Total revenues	`GasGatheringTransportationMarketingAndProcessingRevenue`	$3.98B	USD	2 Qtrs
Product purchases (see Note 3)	`CostOfPurchasedOilAndGas`	$3.85B	USD	2 Qtrs
Product purchases (see Note 3)	`CostOfPurchasedOilAndGas`	$1.91B	USD	1 Quarter
Product purchases (see Note 3)	`CostOfPurchasedOilAndGas`	$3.07B	USD	2 Qtrs
Product purchases (see Note 3)	`CostOfPurchasedOilAndGas`	$1.42B	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$343.70M	USD	2 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$170.50M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$155.20M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$307.20M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$202.60M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$400.70M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$203.40M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$394.60M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$99.60M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$113.80M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$51.00M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$57.00M	USD	1 Quarter
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-16.50M	USD	2 Qtrs
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-300.00K	USD	1 Quarter
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$46.40M	USD	1 Quarter
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$46.10M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$87.60M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$241.70M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$155.40M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$37.20M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-46.00M	USD	2 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-62.10M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-62.00M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-125.10M	USD	2 Qtrs
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$-16.80M	USD	2 Qtrs
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$1.90M	USD	1 Quarter
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$-4.20M	USD	1 Quarter
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$3.40M	USD	2 Qtrs
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-10.70M	USD	1 Quarter
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-16.50M	USD	2 Qtrs
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-2.00M	USD	2 Qtrs
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-2.00M	USD	1 Quarter
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-60.60M	USD	1 Quarter
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-2.10M	USD	1 Quarter
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-4.50M	USD	2 Qtrs
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$1.20M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$2.30M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-2.80M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-35.40M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$201.60M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-74.80M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$153.90M	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`	$41.60M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$32.80M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-39.90M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$121.10M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$70.60M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$160.00M	USD	2 Qtrs
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.00M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$21.80M	USD	2 Qtrs
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$28.00M	USD	2 Qtrs
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$12.00M	USD	1 Quarter
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$109.10M	USD	1 Quarter
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$-61.70M	USD	2 Qtrs
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$132.00M	USD	2 Qtrs
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$57.60M	USD	1 Quarter
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$22.90M	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`	$45.80M	USD	2 Qtrs
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`	$7.20M	USD	1 Quarter
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$14.10M	USD	2 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$79.00M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$28.40M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$72.10M	USD	2 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-120.00M	USD	2 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.33	USD	2 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.61	USD	2 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.36	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`	$0.35	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.33	USD	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	219.90M	shares	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	203.70M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	197.80M	shares	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	221.10M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	197.80M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	222.80M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	205.00M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	221.50M	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`	$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`	$0.91	USD	1 Quarter

Cash Flow Statement 97 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-39.90M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$121.10M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$70.60M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$160.00M	USD	2 Qtrs
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$5.60M	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`	$26.90M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$202.60M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$400.70M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$203.40M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$394.60M	USD	2 Qtrs
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$2.20M	USD	2 Qtrs
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$1.90M	USD	2 Qtrs
Increase (decrease) in redemption value of mandatorily redeemable preferred interests	`MinorityInterestChangeInRedemptionValue`	$75.40M	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`	$-34.50M	USD	2 Qtrs
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$41.60M	USD	2 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-16.80M	USD	2 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$1.90M	USD	1 Quarter
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-4.20M	USD	1 Quarter
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$3.40M	USD	2 Qtrs
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$9.70M	USD	2 Qtrs
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$4.00M	USD	2 Qtrs
Risk management activities	`UnrealizedGainLossOnDerivatives`	$-5.20M	USD	2 Qtrs
Risk management activities	`UnrealizedGainLossOnDerivatives`	$-10.40M	USD	2 Qtrs
(Gain) loss on sale or disposition of assets	`GainLossOnSaleOfProperty`	$46.70M	USD	1 Quarter
(Gain) loss on sale or disposition of assets	`GainLossOnSaleOfProperty`	$46.80M	USD	2 Qtrs
(Gain) loss on sale or disposition of assets	`GainLossOnSaleOfProperty`	$-16.20M	USD	2 Qtrs
(Gain) loss on sale or disposition of assets	`GainLossOnSaleOfProperty`	$-100.00K	USD	1 Quarter
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-10.70M	USD	1 Quarter
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-16.50M	USD	2 Qtrs
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-2.00M	USD	2 Qtrs
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-2.00M	USD	1 Quarter
Change in contingent considerations included in Other expense (income)	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-60.60M	USD	1 Quarter
Change in contingent considerations included in Other expense (income)	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-2.10M	USD	1 Quarter
Change in contingent considerations included in Other expense (income)	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-4.50M	USD	2 Qtrs
Change in contingent considerations included in Other expense (income)	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$1.20M	USD	2 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$8.80M	USD	2 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-303.80M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-9.30M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$68.60M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.50M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-187.30M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$543.70M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$464.50M	USD	2 Qtrs
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.16B	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
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$71.50M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$1.00M	USD	2 Qtrs
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$600.00K	USD	2 Qtrs
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$142.60M	USD	2 Qtrs
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$2.00M	USD	2 Qtrs
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$3.20M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$13.80M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$5.30M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.24B	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.11B	USD	2 Qtrs
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$1.93B	USD	2 Qtrs
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$640.00M	USD	2 Qtrs
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$1.92B	USD	2 Qtrs
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$945.00M	USD	2 Qtrs
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$270.00M	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`	$440.00M	USD	2 Qtrs
Proceeds from issuance of senior notes and term loan	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.00B	USD	2 Qtrs
Redemption of senior notes and term loan	`RepaymentsOfSeniorDebt`	$447.60M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$372.40M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.57B	USD	2 Qtrs
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$21.70M	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`	$600.00K	USD	2 Qtrs
Repurchase of shares and units under compensation plans	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$400.00K	USD	2 Qtrs
Purchase of noncontrolling interests in subsidiary	`PaymentsToMinorityShareholders`	$12.50M	USD	2 Qtrs
Purchase of noncontrolling interests in subsidiary	`PaymentsToMinorityShareholders`	$100.00K	USD	2 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$16.50M	USD	2 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$447.10M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$33.80M	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`	$5.60M	USD	2 Qtrs
Dividends paid to common and Series A preferred shareholders	`PaymentsOfOrdinaryDividends`	$445.30M	USD	2 Qtrs
Dividends paid to common and Series A preferred shareholders	`PaymentsOfOrdinaryDividends`	$403.00M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$837.60M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$669.30M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$25.20M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$144.40M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$137.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$73.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$98.70M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$281.60M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$137.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$73.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$98.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$281.60M	USD	Point-in-time

Stockholders Equity 41 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.25B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.72B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.76B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.94B	USD	Point-in-time
Impact of accounting standard adoption (see Note 3)	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification`	$5.20M	USD	2 Qtrs
Impact of accounting standard adoption (see Note 3)	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification`	$56.10M	USD	2 Qtrs
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$26.90M	USD	2 Qtrs
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$21.50M	USD	2 Qtrs
Distribution equivalent rights	`DistributionEquivalentRights`	$6.50M	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`	$2.60M	USD	2 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$369.50M	USD	2 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$1.56B	USD	2 Qtrs
Dividends	`DividendsPreferredStock`	$22.90M	USD	1 Quarter
Dividends	`DividendsPreferredStock`	$45.80M	USD	2 Qtrs
Dividends	`DividendsPreferredStock`	$22.90M	USD	1 Quarter
Dividends	`DividendsPreferredStock`	$45.80M	USD	2 Qtrs
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$14.10M	USD	2 Qtrs
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$12.50M	USD	2 Qtrs
Dividends	`DividendsCommonStock`	$399.10M	USD	2 Qtrs
Dividends	`DividendsCommonStock`	$356.90M	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$39.40M	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$27.30M	USD	2 Qtrs
Contributions from noncontrolling interests	`ContributionsFromNonControllingInterest`	$16.50M	USD	2 Qtrs
Contributions from noncontrolling interests	`ContributionsFromNonControllingInterest`	$447.10M	USD	2 Qtrs
Acquisition of related party (see Note 17)	`NoncontrollingInterestIncreaseFromBusinessCombination`	$1.10M	USD	2 Qtrs
Purchase of noncontrolling interests in subsidiary, net of tax impact	`MinorityInterestDecreaseFromRedemptions`	$12.50M	USD	2 Qtrs
Purchase of noncontrolling interests in subsidiary, net of tax impact	`MinorityInterestDecreaseFromRedemptions`	$100.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$59.80M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-72.40M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.80M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$15.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-39.90M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$121.10M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$70.60M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$160.00M	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.25B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.72B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.76B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.94B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-39.90M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$121.10M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$70.60M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$160.00M	USD	2 Qtrs
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$24.10M	USD	1 Quarter
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-3.90M	USD	2 Qtrs
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$96.40M	USD	2 Qtrs
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-95.20M	USD	1 Quarter
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-22.80M	USD	1 Quarter
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$9.10M	USD	1 Quarter
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$36.60M	USD	2 Qtrs
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-1.10M	USD	2 Qtrs
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$59.80M	USD	2 Qtrs
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-72.40M	USD	1 Quarter
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-2.80M	USD	2 Qtrs
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$15.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$19.90M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$157.20M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$85.60M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$48.70M	USD	1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$21.80M	USD	2 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$12.00M	USD	1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$13.00M	USD	1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$28.00M	USD	2 Qtrs
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$72.60M	USD	1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$129.20M	USD	2 Qtrs
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$36.70M	USD	1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$-1.90M	USD	2 Qtrs

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