10-Q Filing

TARGA RESOURCES CORP. CIK: 1389170 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-030955`
Period End Date	20190630
Filing Date	20190809
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	trgp-10q_20190630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 91 Cash Flow Statement 96 Stockholders Equity 68 Comprehensive Income 28

Balance Sheet 92 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`	$232.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$226.50M	USD	Point-in-time
Trade receivables, net of allowances of $0.0 and $0.1 million at June 30, 2019 and December 31, 2018	`AccountsReceivableNetCurrent`	$637.20M	USD	Point-in-time
Trade receivables, net of allowances of $0.0 and $0.1 million at June 30, 2019 and December 31, 2018	`AccountsReceivableNetCurrent`	$865.50M	USD	Point-in-time
Inventories	`InventoryNet`	$205.10M	USD	Point-in-time
Inventories	`InventoryNet`	$164.70M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$115.30M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$103.90M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$41.30M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$39.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.42B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.21B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$17.22B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$19.05B	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.68B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.29B	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
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$12.93B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.37B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	233.37M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.90B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.98B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	232.46M	shares	Point-in-time
Goodwill, net	`Goodwill`	$46.60M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	231.79M	shares	Point-in-time
Goodwill, net	`Goodwill`	$46.60M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	232.48M	shares	Point-in-time
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$47.40M	USD	Point-in-time
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$34.10M	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	98.80M	shares	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$490.50M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$676.70M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	98.80M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$36.50M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$69.50M	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`	$18.32B	USD	Point-in-time
Total assets	`Assets`	$16.94B	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	665,753.00	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	895,802.00	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.74B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.30B	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$33.60M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$50.90M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$1.03B	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$309.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.66B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.80B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.63B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$6.64B	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$3.10M	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$2.70M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$512.70M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$525.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$262.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$305.00M	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`	$6.15B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.69B	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-130.40M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-179.50M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$94.30M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$83.00M	USD	Point-in-time
Treasury stock, at cost (895,802 shares as of June 30, 2019 and 665,753 shares as of December 31, 2018)	`TreasuryStockValue`	$39.60M	USD	Point-in-time
Treasury stock, at cost (895,802 shares as of June 30, 2019 and 665,753 shares as of December 31, 2018)	`TreasuryStockValue`	$49.20M	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$5.54B	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$6.08B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.39B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.40B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.94B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.47B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.96B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.25B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.76B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.34B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$16.94B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$18.32B	USD	Point-in-time

Income Statement 91 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.00B	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.90B	USD	2 Qtrs
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.44B	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.29B	USD	2 Qtrs
Product purchases	`CostOfGoodsAndServicesSold`	$3.85B	USD	2 Qtrs
Product purchases	`CostOfGoodsAndServicesSold`	$1.36B	USD	1 Quarter
Product purchases	`CostOfGoodsAndServicesSold`	$3.09B	USD	2 Qtrs
Product purchases	`CostOfGoodsAndServicesSold`	$1.91B	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$210.20M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$400.50M	USD	2 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$170.50M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$343.70M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$202.60M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$237.20M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$474.60M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$400.70M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$113.80M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$57.00M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$153.60M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$72.80M	USD	1 Quarter
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-3.30M	USD	2 Qtrs
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$46.10M	USD	2 Qtrs
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$200.00K	USD	1 Quarter
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$46.40M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$241.70M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$113.70M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$175.10M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$155.40M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-46.00M	USD	2 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-72.10M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-152.70M	USD	2 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-62.00M	USD	1 Quarter
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$3.40M	USD	2 Qtrs
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$5.90M	USD	2 Qtrs
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$1.90M	USD	1 Quarter
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$3.20M	USD	1 Quarter
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-1.40M	USD	2 Qtrs
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-2.00M	USD	1 Quarter
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-2.00M	USD	2 Qtrs
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-4.50M	USD	2 Qtrs
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-800.00K	USD	1 Quarter
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$8.90M	USD	2 Qtrs
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-60.60M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.00M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$45.60M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$201.60M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$153.90M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-3.30M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$32.80M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$41.60M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-6.20M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$160.00M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$48.90M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$24.20M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$121.10M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$59.10M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$28.00M	USD	2 Qtrs
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$73.30M	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`	$-10.20M	USD	1 Quarter
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$-49.10M	USD	2 Qtrs
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$132.00M	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
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`	$7.20M	USD	1 Quarter
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$16.00M	USD	2 Qtrs
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$8.10M	USD	1 Quarter
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$14.10M	USD	2 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-110.90M	USD	2 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-41.20M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$72.10M	USD	2 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$79.00M	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.18	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.36	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.33	USD	2 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.48	USD	2 Qtrs
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.18	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.33	USD	2 Qtrs
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.48	USD	2 Qtrs
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	232.30M	shares	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	221.10M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	219.90M	shares	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	232.40M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	232.30M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	221.50M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	232.40M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	222.80M	shares	1 Quarter

Cash Flow Statement 96 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$160.00M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$48.90M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$24.20M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$121.10M	USD	1 Quarter
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$5.10M	USD	2 Qtrs
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$5.60M	USD	2 Qtrs
Compensation on equity grants	`ShareBasedCompensation`	$26.90M	USD	2 Qtrs
Compensation on equity grants	`ShareBasedCompensation`	$32.70M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$202.60M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$237.20M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$474.60M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$400.70M	USD	2 Qtrs
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$2.30M	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
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$41.60M	USD	2 Qtrs
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-6.20M	USD	2 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$3.40M	USD	2 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$5.90M	USD	2 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$1.90M	USD	1 Quarter
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$3.20M	USD	1 Quarter
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$9.70M	USD	2 Qtrs
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$14.40M	USD	2 Qtrs
Risk management activities	`UnrealizedGainLossOnDerivatives`	$-10.40M	USD	2 Qtrs
Risk management activities	`UnrealizedGainLossOnDerivatives`	$-100.00K	USD	2 Qtrs
(Gain) loss on sale or disposition of assets	`GainLossOnSaleOfProperty`	$200.00K	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`	$-3.10M	USD	2 Qtrs
(Gain) loss on sale or disposition of assets	`GainLossOnSaleOfProperty`	$46.70M	USD	1 Quarter
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-1.40M	USD	2 Qtrs
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-2.00M	USD	1 Quarter
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-2.00M	USD	2 Qtrs
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-4.50M	USD	2 Qtrs
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-800.00K	USD	1 Quarter
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$8.90M	USD	2 Qtrs
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-60.60M	USD	1 Quarter
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$8.80M	USD	2 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-182.40M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-9.30M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$76.70M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.50M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-108.10M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$552.30M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$543.70M	USD	2 Qtrs
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.75B	USD	2 Qtrs
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.16B	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$2.40M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$71.50M	USD	2 Qtrs
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$194.80M	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`	$100.00K	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$19.10M	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`	$-1.96B	USD	2 Qtrs
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$640.00M	USD	2 Qtrs
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$1.77B	USD	2 Qtrs
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$945.00M	USD	2 Qtrs
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$2.28B	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`	$742.90M	USD	2 Qtrs
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$724.60M	USD	2 Qtrs
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$440.00M	USD	2 Qtrs
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.50B	USD	2 Qtrs
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.00B	USD	2 Qtrs
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$749.40M	USD	2 Qtrs
Principal payments of finance leases	`FinanceLeasePrincipalPayments`	$5.50M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$372.40M	USD	2 Qtrs
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$21.70M	USD	2 Qtrs
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$25.20M	USD	2 Qtrs
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$317.10M	USD	2 Qtrs
Repurchase of shares and units under compensation plans	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.60M	USD	2 Qtrs
Repurchase of shares and units under compensation plans	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$400.00K	USD	2 Qtrs
Sale of ownership interests in subsidiaries	`ProceedsFromPaymentsToMinorityShareholders`	$1.62B	USD	2 Qtrs
Purchase of noncontrolling interests in subsidiary	`PaymentsToMinorityShareholders`	$100.00K	USD	2 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$447.10M	USD	2 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$403.50M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$35.90M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$33.80M	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`	$478.70M	USD	2 Qtrs
Dividends paid to common and Series A preferred shareholders	`PaymentsOfOrdinaryDividends`	$445.30M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$837.60M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.40B	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.60M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$144.40M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$232.10M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$281.60M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$137.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$226.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$232.10M	USD	Point-in-time
Cash and cash equivalents, end 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`	$226.50M	USD	Point-in-time

Stockholders Equity 68 line items

Line Item	Tag	Value	Unit	Period
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$23.75	USD	1 Quarter
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$23.75	USD	1 Quarter
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$47.50	USD	2 Qtrs
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$47.50	USD	2 Qtrs
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.91	USD	1 Quarter
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.91	USD	1 Quarter
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$1.82	USD	2 Qtrs
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$1.82	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.94B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.47B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.96B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.25B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.76B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.34B	USD	Point-in-time
Impact of accounting standard adoption	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification`	$5.20M	USD	2 Qtrs
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$32.70M	USD	2 Qtrs
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$16.20M	USD	1 Quarter
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$26.90M	USD	2 Qtrs
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$13.70M	USD	1 Quarter
Distribution equivalent rights	`DistributionEquivalentRights`	$3.30M	USD	1 Quarter
Distribution equivalent rights	`DistributionEquivalentRights`	$6.90M	USD	2 Qtrs
Distribution equivalent rights	`DistributionEquivalentRights`	$6.50M	USD	2 Qtrs
Distribution equivalent rights	`DistributionEquivalentRights`	$3.20M	USD	1 Quarter
Shares and units tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.60M	USD	2 Qtrs
Shares and units tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.60M	USD	2 Qtrs
Shares and units tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.20M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$369.50M	USD	2 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$311.80M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$22.90M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$45.80M	USD	2 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$22.90M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$45.80M	USD	2 Qtrs
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$8.10M	USD	1 Quarter
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$14.10M	USD	2 Qtrs
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$7.10M	USD	1 Quarter
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$16.00M	USD	2 Qtrs
Common stock dividends	`DividendsCommonStock`	$199.80M	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$423.00M	USD	2 Qtrs
Common stock dividends	`DividendsCommonStock`	$211.70M	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$399.10M	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$39.40M	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$20.10M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$69.70M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$91.10M	USD	2 Qtrs
Contributions from noncontrolling interests	`ContributionsFromNonControllingInterest`	$447.10M	USD	2 Qtrs
Contributions from noncontrolling interests	`ContributionsFromNonControllingInterest`	$403.50M	USD	2 Qtrs
Contributions from noncontrolling interests	`ContributionsFromNonControllingInterest`	$167.00M	USD	1 Quarter
Contributions from noncontrolling interests	`ContributionsFromNonControllingInterest`	$206.70M	USD	1 Quarter
Acquisition of related party	`NoncontrollingInterestIncreaseDecreaseFromBusinessCombination`	$1.10M	USD	2 Qtrs
Acquisition of related party	`NoncontrollingInterestIncreaseDecreaseFromBusinessCombination`	$-100.00K	USD	1 Quarter
Purchase of noncontrolling interests in subsidiary	`MinorityInterestDecreaseFromRedemptions`	$100.00K	USD	2 Qtrs
Purchase of noncontrolling interests in subsidiary	`MinorityInterestDecreaseFromRedemptions`	$100.00K	USD	1 Quarter
Sale of ownership interests in subsidiaries, net	`NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest`	$1.61B	USD	2 Qtrs
Sale of ownership interests in subsidiaries, net	`NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest`	$1.61B	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-11.30M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-72.30M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$34.10M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-2.80M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$160.00M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$48.90M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$24.20M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$121.10M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.94B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.47B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.96B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.25B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.76B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.34B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$160.00M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$48.90M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$24.20M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$121.10M	USD	1 Quarter
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-15.00M	USD	2 Qtrs
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$45.10M	USD	1 Quarter
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-95.20M	USD	1 Quarter
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-3.90M	USD	2 Qtrs
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$11.00M	USD	1 Quarter
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-3.70M	USD	2 Qtrs
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-1.10M	USD	2 Qtrs
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-22.80M	USD	1 Quarter
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`	$34.10M	USD	1 Quarter
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-11.30M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$48.70M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$83.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$157.20M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$12.90M	USD	2 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$28.00M	USD	2 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$59.10M	USD	1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$12.00M	USD	1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$73.30M	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`	$129.20M	USD	2 Qtrs
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$-60.40M	USD	2 Qtrs
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$23.90M	USD	1 Quarter

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