10-Q Filing

TARGA RESOURCES CORP. CIK: 1389170 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-054348`
Period End Date	20210930
Filing Date	20211104
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	trgp-10q_20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 91 Cash Flow Statement 96 Stockholders Equity 66 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`	$3.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$228.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$242.80M	USD	Point-in-time
Trade receivables, net of allowances of $3.6 million and $0.1 million at September 30, 2021 and December 31, 2020	`AccountsReceivableNetCurrent`	$862.80M	USD	Point-in-time
Trade receivables, net of allowances of $3.6 million and $0.1 million at September 30, 2021 and December 31, 2020	`AccountsReceivableNetCurrent`	$1.29B	USD	Point-in-time
Inventories	`InventoryNet`	$181.50M	USD	Point-in-time
Inventories	`InventoryNet`	$316.80M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$82.70M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$85.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$87.70M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$74.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.99B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.46B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$12.17B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$11.92B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.28B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.38B	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`	450.00M	shares	Point-in-time
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$13.40M	USD	Point-in-time
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$49.30M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	234.79M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	236.09M	shares	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$674.60M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$714.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	228.06M	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$96.10M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$84.80M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	228.96M	shares	Point-in-time
Total assets	`Assets`	$15.97B	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
Total assets	`Assets`	$15.88B	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
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
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$833.80M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.65B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$186.40M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	6.73M	shares	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$240.20M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	7.12M	shares	Point-in-time
Distributions payable	`DistributionsPayableCurrent`	$115.40M	USD	Point-in-time
Distributions payable	`DistributionsPayableCurrent`	$71.00M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$79.90M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$132.60M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$142.60M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$472.30M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$352.60M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$368.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.78B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.87B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$7.39B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$6.43B	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$151.20M	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$43.40M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$78.70M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$152.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$309.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$290.80M	USD	Point-in-time
Contingencies (see Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (see Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock ($0.001 par value, 450,000,000 shares authorized)	`CommonStockValueOutstanding`	$200.00K	USD	Point-in-time
Common stock ($0.001 par value, 450,000,000 shares authorized)	`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`	$4.30B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.84B	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-1.89B	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-1.51B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-442.10M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-141.80M	USD	Point-in-time
Treasury stock, at cost (7,123,991 shares as of September 30, 2021 and 6,731,035 shares as of December 31, 2020)	`TreasuryStockValue`	$164.00M	USD	Point-in-time
Treasury stock, at cost (7,123,991 shares as of September 30, 2021 and 6,731,035 shares as of December 31, 2020)	`TreasuryStockValue`	$150.90M	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$2.65B	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$2.19B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.21B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.25B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.21B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.90B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.27B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.40B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.40B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$15.88B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$15.97B	USD	Point-in-time

Income Statement 91 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$4.46B	USD	1 Quarter
Total revenues	`Revenues`	$11.51B	USD	3 Qtrs
Total revenues	`Revenues`	$5.69B	USD	3 Qtrs
Total revenues	`Revenues`	$2.12B	USD	1 Quarter
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$3.61B	USD	1 Quarter
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$1.32B	USD	1 Quarter
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$3.41B	USD	3 Qtrs
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$9.16B	USD	3 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$545.30M	USD	3 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$189.40M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$162.20M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$506.80M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$222.80M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$647.30M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$650.90M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$203.70M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$67.30M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$180.60M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$192.40M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$58.60M	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$2.44B	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$2.44B	USD	3 Qtrs
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-72.20M	USD	1 Quarter
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$1.00M	USD	1 Quarter
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-3.40M	USD	3 Qtrs
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-73.80M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-1.57B	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$295.50M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$366.50M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$956.40M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-284.20M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-292.40M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-97.70M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-91.00M	USD	1 Quarter
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$38.90M	USD	3 Qtrs
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$18.60M	USD	1 Quarter
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$14.30M	USD	1 Quarter
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$54.10M	USD	3 Qtrs
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-13.70M	USD	1 Quarter
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-16.60M	USD	3 Qtrs
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$47.40M	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$2.20M	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$1.40M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$300.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$694.80M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$204.10M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.76B	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$290.00M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-286.60M	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$23.50M	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$2.00M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$31.90M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$288.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.47B	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$671.30M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$172.20M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$102.90M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$105.80M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$286.50M	USD	3 Qtrs
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$116.50M	USD	3 Qtrs
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$-1.59B	USD	3 Qtrs
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$182.20M	USD	1 Quarter
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$69.30M	USD	1 Quarter
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$384.80M	USD	3 Qtrs
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$68.80M	USD	3 Qtrs
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$22.90M	USD	1 Quarter
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$65.50M	USD	3 Qtrs
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$21.80M	USD	1 Quarter
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$27.70M	USD	3 Qtrs
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$9.50M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$36.90M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$160.40M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$319.30M	USD	3 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.68B	USD	3 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$1.40	USD	3 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-7.22	USD	3 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.66	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$1.38	USD	3 Qtrs
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-7.22	USD	3 Qtrs
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	233.20M	shares	3 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	228.80M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	233.40M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	228.60M	shares	3 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	276.40M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	231.60M	shares	3 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	233.80M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	233.20M	shares	3 Qtrs

Cash Flow Statement 96 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$288.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.47B	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$671.30M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$172.20M	USD	1 Quarter
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$8.50M	USD	3 Qtrs
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$7.80M	USD	3 Qtrs
Compensation on equity grants	`ShareBasedCompensation`	$49.50M	USD	3 Qtrs
Compensation on equity grants	`ShareBasedCompensation`	$44.60M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$222.80M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$647.30M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$650.90M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$203.70M	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$2.44B	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$2.44B	USD	3 Qtrs
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$3.00M	USD	3 Qtrs
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$2.60M	USD	3 Qtrs
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-269.80M	USD	3 Qtrs
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$21.50M	USD	3 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$38.90M	USD	3 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$18.60M	USD	1 Quarter
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$14.30M	USD	1 Quarter
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$54.10M	USD	3 Qtrs
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$65.50M	USD	3 Qtrs
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$64.50M	USD	3 Qtrs
Risk management activities	`UnrealizedGainLossOnDerivatives`	$-55.60M	USD	3 Qtrs
Risk management activities	`UnrealizedGainLossOnDerivatives`	$214.20M	USD	3 Qtrs
(Gain) loss on sale or disposition of business and assets	`GainLossOnDispositionOfAssets1`	$1.70M	USD	3 Qtrs
(Gain) loss on sale or disposition of business and assets	`GainLossOnDispositionOfAssets1`	$-58.00M	USD	1 Quarter
(Gain) loss on sale or disposition of business and assets	`GainLossOnDispositionOfAssets1`	$-58.00M	USD	3 Qtrs
(Gain) loss on sale or disposition of business and assets	`GainLossOnDispositionOfAssets1`	$1.50M	USD	1 Quarter
Write-downs of assets	`WriteDownsOfAsset`	$13.50M	USD	1 Quarter
Write-downs of assets	`WriteDownsOfAsset`	$13.50M	USD	3 Qtrs
Write-downs of assets	`WriteDownsOfAsset`	$500.00K	USD	1 Quarter
Write-downs of assets	`WriteDownsOfAsset`	$5.00M	USD	3 Qtrs
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-13.70M	USD	1 Quarter
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-16.60M	USD	3 Qtrs
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$47.40M	USD	3 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$359.80M	USD	3 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-168.70M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$128.00M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$115.80M	USD	3 Qtrs
Accounts payable, accrued liabilities and other liabilities	`IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities`	$-158.00M	USD	3 Qtrs
Accounts payable, accrued liabilities and other liabilities	`IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities`	$839.10M	USD	3 Qtrs
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$-52.70M	USD	3 Qtrs
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$-30.40M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.80B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.10B	USD	3 Qtrs
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$321.60M	USD	3 Qtrs
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$803.10M	USD	3 Qtrs
Proceeds from sale of business and assets	`ProceedsFromSaleOfProductiveAssets`	$7.90M	USD	3 Qtrs
Proceeds from sale of business and assets	`ProceedsFromSaleOfProductiveAssets`	$135.90M	USD	3 Qtrs
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$600.00K	USD	3 Qtrs
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$2.20M	USD	3 Qtrs
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$14.50M	USD	3 Qtrs
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$10.70M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-4.70M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-200.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-654.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-299.60M	USD	3 Qtrs
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$1.46B	USD	3 Qtrs
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$620.00M	USD	3 Qtrs
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$1.46B	USD	3 Qtrs
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$1.36B	USD	3 Qtrs
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$476.40M	USD	3 Qtrs
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$570.00M	USD	3 Qtrs
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$580.00M	USD	3 Qtrs
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$596.40M	USD	3 Qtrs
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.00B	USD	3 Qtrs
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.00B	USD	3 Qtrs
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$1.13B	USD	3 Qtrs
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$831.00M	USD	3 Qtrs
Principal payments of finance leases	`FinanceLeasePrincipalPayments`	$9.30M	USD	3 Qtrs
Principal payments of finance leases	`FinanceLeasePrincipalPayments`	$9.40M	USD	3 Qtrs
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$9.60M	USD	3 Qtrs
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$9.60M	USD	3 Qtrs
Repurchase of shares and units under compensation plans	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$13.10M	USD	3 Qtrs
Repurchase of shares and units under compensation plans	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.50M	USD	3 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$33.30M	USD	3 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$13.20M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsToNoncontrollingInterests`	$377.30M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsToNoncontrollingInterests`	$310.60M	USD	3 Qtrs
Distributions to Partnership unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$8.40M	USD	3 Qtrs
Dividends paid to common and Series A Preferred shareholders	`PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders`	$140.20M	USD	3 Qtrs
Dividends paid to common and Series A Preferred shareholders	`PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders`	$336.70M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-497.80M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.51B	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-56.10M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-14.20M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$275.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$331.10M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$228.60M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$242.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$275.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$331.10M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$228.60M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$242.80M	USD	Point-in-time

Stockholders Equity 66 line items

Line Item	Tag	Value	Unit	Period
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$71.25	USD	3 Qtrs
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$71.25	USD	3 Qtrs
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$23.75	USD	1 Quarter
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$23.75	USD	1 Quarter
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$1.11	USD	3 Qtrs
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	3 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.21B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.90B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.27B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.40B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.40B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44B	USD	Point-in-time
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$44.60M	USD	3 Qtrs
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$16.40M	USD	1 Quarter
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$49.50M	USD	3 Qtrs
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$14.70M	USD	1 Quarter
Distribution equivalent rights	`DistributionEquivalentRights`	$2.40M	USD	3 Qtrs
Distribution equivalent rights	`DistributionEquivalentRights`	$3.50M	USD	3 Qtrs
Distribution equivalent rights	`DistributionEquivalentRights`	$1.10M	USD	1 Quarter
Distribution equivalent rights	`DistributionEquivalentRights`	$-1.90M	USD	1 Quarter
Shares and units tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.50M	USD	1 Quarter
Shares and units tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$13.10M	USD	3 Qtrs
Shares and units tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.50M	USD	3 Qtrs
Shares and units tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.10M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$68.80M	USD	3 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$22.90M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$65.50M	USD	3 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$21.80M	USD	1 Quarter
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$9.50M	USD	1 Quarter
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$27.70M	USD	3 Qtrs
Common stock dividends	`DividendsCommonStock`	$259.00M	USD	3 Qtrs
Common stock dividends	`DividendsCommonStock`	$22.90M	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$23.30M	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$68.60M	USD	3 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$110.40M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$334.20M	USD	3 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$322.90M	USD	3 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$113.10M	USD	1 Quarter
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$33.30M	USD	3 Qtrs
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$7.70M	USD	1 Quarter
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$13.20M	USD	3 Qtrs
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$9.10M	USD	1 Quarter
Non-cash allocation to noncontrolling interests	`NonCashAllocationToNoncontrollingInterests`	$27.50M	USD	3 Qtrs
Non-cash allocation to noncontrolling interests	`NonCashAllocationToNoncontrollingInterests`	$27.50M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-112.40M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-300.30M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-147.70M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-183.30M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$288.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.47B	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$671.30M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$172.20M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.21B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.90B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.27B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.40B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.40B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.21B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.90B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.27B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.40B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.40B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$288.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.47B	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$671.30M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$172.20M	USD	1 Quarter
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-147.90M	USD	1 Quarter
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-395.10M	USD	3 Qtrs
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-242.00M	USD	3 Qtrs
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-194.30M	USD	1 Quarter
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-46.60M	USD	1 Quarter
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-58.70M	USD	3 Qtrs
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-35.50M	USD	1 Quarter
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-94.80M	USD	3 Qtrs
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-183.30M	USD	3 Qtrs
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-112.40M	USD	1 Quarter
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-147.70M	USD	1 Quarter
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-300.30M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$59.80M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.65B	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$140.30M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$371.00M	USD	3 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$105.80M	USD	1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$116.50M	USD	3 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$102.90M	USD	1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$286.50M	USD	3 Qtrs
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$-43.10M	USD	1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$-1.77B	USD	3 Qtrs
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$34.50M	USD	1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$84.50M	USD	3 Qtrs

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