10-Q Filing

TARGA RESOURCES CORP. CIK: 1389170 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-037565`
Period End Date	20200630
Filing Date	20200806
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	trgp-10q_20200630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 98 Income Statement 92 Cash Flow Statement 94 Stockholders Equity 61 Comprehensive Income 28

Balance Sheet 98 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$100.00K	USD	Point-in-time
Trade receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$196.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$331.10M	USD	Point-in-time
Trade receivables, net of allowances of $0.1 and $0.0 million at June 30, 2020 and December 31, 2019	`AccountsReceivableNetCurrent`	$547.20M	USD	Point-in-time
Trade receivables, net of allowances of $0.1 and $0.0 million at June 30, 2020 and December 31, 2019	`AccountsReceivableNetCurrent`	$855.00M	USD	Point-in-time
Inventories	`InventoryNet`	$161.50M	USD	Point-in-time
Inventories	`InventoryNet`	$219.30M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$122.00M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$103.30M	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$35.40M	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$95.20M	USD	Point-in-time
Held for sale assets	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$137.70M	USD	Point-in-time
Held for sale assets	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$45.10M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$34.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.66B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.23B	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`	$12.42B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.55B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	233.85M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.74B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	234.29M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.45B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	232.84M	shares	Point-in-time
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$35.50M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	233.18M	shares	Point-in-time
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$43.30M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$724.30M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$738.70M	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
Other long-term assets	`OtherAssetsNoncurrent`	$102.60M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	98.80M	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$99.10M	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
Total assets	`Assets`	$18.82B	USD	Point-in-time
Total assets	`Assets`	$15.97B	USD	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
Treasury stock, shares (in shares)	`TreasuryStockShares`	1.12M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	1.01M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$979.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$607.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$134.80M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$182.70M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$125.70M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$144.90M	USD	Point-in-time
Distributions payable to noncontrolling interests	`DistributionsPayableToNoncontrollingInterests`	$91.80M	USD	Point-in-time
Distributions payable to noncontrolling interests	`DistributionsPayableToNoncontrollingInterests`	$89.90M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$104.10M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$80.50M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$261.90M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$382.20M	USD	Point-in-time
Held for sale liabilities	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$6.40M	USD	Point-in-time
Held for sale liabilities	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.87B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.32B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$7.44B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$7.58B	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$40.80M	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$52.90M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$134.60M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$434.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$305.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$312.50M	USD	Point-in-time
Contingencies (see Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (see Note 13)	`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`	$4.95B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.22B	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-2.00B	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-339.60M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$92.50M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$21.60M	USD	Point-in-time
Treasury stock, at cost (1,116,077 shares as of June 30, 2020 and 1,009,284 shares as of December 31, 2019)	`TreasuryStockValue`	$53.50M	USD	Point-in-time
Treasury stock, at cost (1,116,077 shares as of June 30, 2020 and 1,009,284 shares as of December 31, 2019)	`TreasuryStockValue`	$56.90M	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$4.92B	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$2.92B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.52B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.35B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.27B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.94B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.34B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.37B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.47B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$18.82B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$15.97B	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$4.29B	USD	2 Qtrs
Total revenues	`Revenues`	$3.57B	USD	2 Qtrs
Total revenues	`Revenues`	$1.52B	USD	1 Quarter
Total revenues	`Revenues`	$2.00B	USD	1 Quarter
Product purchases	`CostOfGoodsAndServicesSold`	$2.04B	USD	2 Qtrs
Product purchases	`CostOfGoodsAndServicesSold`	$1.36B	USD	1 Quarter
Product purchases	`CostOfGoodsAndServicesSold`	$860.60M	USD	1 Quarter
Product purchases	`CostOfGoodsAndServicesSold`	$3.09B	USD	2 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$383.30M	USD	2 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$183.40M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$400.50M	USD	2 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$210.20M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$204.50M	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`	$443.60M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$121.90M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$72.80M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$61.50M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$153.60M	USD	2 Qtrs
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$2.44B	USD	2 Qtrs
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-3.30M	USD	2 Qtrs
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-1.60M	USD	2 Qtrs
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-400.00K	USD	1 Quarter
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$200.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$213.10M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-1.86B	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$175.10M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$113.70M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-72.10M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-152.70M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-96.70M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-194.70M	USD	2 Qtrs
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$5.90M	USD	2 Qtrs
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$14.90M	USD	1 Quarter
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$35.50M	USD	2 Qtrs
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$3.20M	USD	1 Quarter
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$61.10M	USD	2 Qtrs
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$21.80M	USD	1 Quarter
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-1.40M	USD	2 Qtrs
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-800.00K	USD	1 Quarter
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$8.90M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$800.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$800.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$45.60M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.96B	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.00M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$153.90M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-6.20M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-23.20M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-318.50M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-3.30M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$177.10M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$48.90M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$24.20M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-1.64B	USD	2 Qtrs
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.60M	USD	2 Qtrs
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$59.10M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$96.10M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$73.30M	USD	2 Qtrs
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$-10.20M	USD	1 Quarter
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$-1.66B	USD	2 Qtrs
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$-49.10M	USD	2 Qtrs
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$81.00M	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`	$45.80M	USD	2 Qtrs
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$22.90M	USD	1 Quarter
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$18.20M	USD	2 Qtrs
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$9.20M	USD	1 Quarter
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$8.10M	USD	1 Quarter
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$16.00M	USD	2 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-41.20M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.72B	USD	2 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-110.90M	USD	2 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$48.90M	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.48	USD	2 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-7.38	USD	2 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.18	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.18	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.48	USD	2 Qtrs
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-7.38	USD	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	232.40M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	233.10M	shares	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	233.10M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	232.30M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	233.10M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	232.30M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	232.40M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	233.80M	shares	1 Quarter

Cash Flow Statement 94 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$177.10M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$48.90M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$24.20M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-1.64B	USD	2 Qtrs
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$5.60M	USD	2 Qtrs
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$5.10M	USD	2 Qtrs
Compensation on equity grants	`ShareBasedCompensation`	$33.10M	USD	2 Qtrs
Compensation on equity grants	`ShareBasedCompensation`	$32.70M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$204.50M	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`	$443.60M	USD	2 Qtrs
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$2.44B	USD	2 Qtrs
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$1.70M	USD	2 Qtrs
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$2.30M	USD	2 Qtrs
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-6.20M	USD	2 Qtrs
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-301.70M	USD	2 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$5.90M	USD	2 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$14.90M	USD	1 Quarter
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$35.50M	USD	2 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$3.20M	USD	1 Quarter
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$44.50M	USD	2 Qtrs
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$14.40M	USD	2 Qtrs
Risk management activities	`UnrealizedGainLossOnDerivatives`	$125.90M	USD	2 Qtrs
Risk management activities	`UnrealizedGainLossOnDerivatives`	$-100.00K	USD	2 Qtrs
(Gain) loss on sale or disposition of assets	`GainLossOnDispositionOfAssets1`	$-3.10M	USD	2 Qtrs
(Gain) loss on sale or disposition of assets	`GainLossOnDispositionOfAssets1`	$200.00K	USD	1 Quarter
(Gain) loss on sale or disposition of assets	`GainLossOnDispositionOfAssets1`	$700.00K	USD	1 Quarter
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$61.10M	USD	2 Qtrs
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$21.80M	USD	1 Quarter
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-1.40M	USD	2 Qtrs
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-800.00K	USD	1 Quarter
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$8.90M	USD	2 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-182.40M	USD	2 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-241.30M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$56.70M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$76.70M	USD	2 Qtrs
Accounts payable, accrued liabilities and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$-149.70M	USD	2 Qtrs
Accounts payable, accrued liabilities and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$-268.80M	USD	2 Qtrs
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$41.60M	USD	2 Qtrs
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$19.20M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$552.30M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$738.90M	USD	2 Qtrs
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$615.90M	USD	2 Qtrs
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.75B	USD	2 Qtrs
Proceeds from sale of business and assets	`ProceedsFromSaleOfProductiveAssets`	$2.40M	USD	2 Qtrs
Proceeds from sale of business and assets	`ProceedsFromSaleOfProductiveAssets`	$134.80M	USD	2 Qtrs
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$194.80M	USD	2 Qtrs
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$1.40M	USD	2 Qtrs
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$100.00K	USD	2 Qtrs
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$6.90M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.50M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$19.10M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-472.10M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.96B	USD	2 Qtrs
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$1.77B	USD	2 Qtrs
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$1.24B	USD	2 Qtrs
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$2.28B	USD	2 Qtrs
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$800.00M	USD	2 Qtrs
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$742.90M	USD	2 Qtrs
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$226.40M	USD	2 Qtrs
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$346.40M	USD	2 Qtrs
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$724.60M	USD	2 Qtrs
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.50B	USD	2 Qtrs
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$239.80M	USD	2 Qtrs
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$749.40M	USD	2 Qtrs
Principal payments of finance leases	`FinanceLeasePrincipalPayments`	$5.50M	USD	2 Qtrs
Principal payments of finance leases	`FinanceLeasePrincipalPayments`	$6.20M	USD	2 Qtrs
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$500.00K	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`	$3.40M	USD	2 Qtrs
Repurchase of shares and units under compensation plans	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.60M	USD	2 Qtrs
Sale of ownership interests in subsidiaries	`ProceedsFromSaleOfOwnershipInterestsInSubsidiaries`	$1.62B	USD	2 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$25.70M	USD	2 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$403.50M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsToNoncontrollingInterests`	$206.20M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsToNoncontrollingInterests`	$35.90M	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	`PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders`	$285.70M	USD	2 Qtrs
Dividends paid to common and Series A preferred shareholders	`PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders`	$478.70M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.40B	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-401.70M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.60M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-134.90M	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`	$196.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$331.10M	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`	$196.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$331.10M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$226.50M	USD	Point-in-time

Stockholders Equity 61 line items

Line Item	Tag	Value	Unit	Period
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$47.50	USD	2 Qtrs
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
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$1.82	USD	2 Qtrs
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$1.01	USD	2 Qtrs
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.91	USD	1 Quarter
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.27B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.94B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.34B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.37B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.47B	USD	Point-in-time
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$16.10M	USD	1 Quarter
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`	$33.10M	USD	2 Qtrs
Distribution equivalent rights	`DistributionEquivalentRights`	$3.30M	USD	1 Quarter
Distribution equivalent rights	`DistributionEquivalentRights`	$3.30M	USD	1 Quarter
Distribution equivalent rights	`DistributionEquivalentRights`	$5.60M	USD	2 Qtrs
Distribution equivalent rights	`DistributionEquivalentRights`	$6.90M	USD	2 Qtrs
Shares and units tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.40M	USD	2 Qtrs
Shares and units tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$300.00K	USD	1 Quarter
Shares and units tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.60M	USD	2 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$22.90M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$45.80M	USD	2 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$45.80M	USD	2 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$22.90M	USD	1 Quarter
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$9.20M	USD	1 Quarter
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$8.10M	USD	1 Quarter
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$16.00M	USD	2 Qtrs
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$18.20M	USD	2 Qtrs
Common stock dividends	`DividendsCommonStock`	$423.00M	USD	2 Qtrs
Common stock dividends	`DividendsCommonStock`	$235.60M	USD	2 Qtrs
Common stock dividends	`DividendsCommonStock`	$211.70M	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$23.30M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$209.90M	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$105.90M	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	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$25.70M	USD	2 Qtrs
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$206.70M	USD	1 Quarter
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$15.10M	USD	1 Quarter
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$403.50M	USD	2 Qtrs
Sale of ownership interests in subsidiaries, net	`NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest`	$1.61B	USD	1 Quarter
Sale of ownership interests in subsidiaries, net	`NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest`	$1.61B	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$34.10M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-146.80M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-70.90M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-11.30M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$177.10M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$48.90M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$24.20M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-1.64B	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.27B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.94B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.34B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.37B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.47B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$177.10M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$48.90M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$24.20M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-1.64B	USD	2 Qtrs
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-193.20M	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`	$-94.10M	USD	2 Qtrs
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-3.70M	USD	2 Qtrs
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-46.40M	USD	1 Quarter
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-23.20M	USD	2 Qtrs
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$11.00M	USD	1 Quarter
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-146.80M	USD	1 Quarter
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-70.90M	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`	$83.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$30.30M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.71B	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$12.90M	USD	2 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$13.60M	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`	$96.10M	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`	$-65.80M	USD	1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$-1.73B	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.