TARGA RESOURCES CORP. (NYSE:TRGP) Files An 8-K Results of Operations and Financial Condition
Item 2.02
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Results of Operations and Financial Condition. |
On May 4, 2017, Targa Resources Corp. (the Company) issued a
press release regarding its financial results for the three
months ended March 31, 2017. A conference call to discuss these
results is scheduled for 11:00 a.m. Eastern time (10:00 a.m.
Central time) on Thursday, May 4, 2017. The conference call will
be webcast live and a replay of the webcast will be available
through the Investors section of the Companys web site
(http://www.targaresources.com). A copy of the earnings press
release is furnished as Exhibit 99.1 to this report, which is
hereby incorporated by reference into this Item 2.02.
The press release and accompanying schedules and/or the
conference call discussions include the non-generally accepted
accounting principles (non-GAAP) financial measures of
distributable cash flow, gross margin, operating margin and
adjusted EBITDA. The press release provides reconciliations of
these non-GAAP financial measures to their most directly
comparable financial measure calculated and presented in
accordance with generally accepted accounting principles in the
United States of America (GAAP). Our non-GAAP financial measures
should not be considered as alternatives to GAAP measures such as
net cash provided by operating activities, net income (loss) or
any other GAAP measure of liquidity or financial performance.
The information furnished to this Item 2.02, including Exhibit
99.1, shall not be deemed to be filed for the purposes of Section
18 of the Securities Exchange Act of 1934, as amended, and will
not be incorporated by reference into any filing under the
Securities Act of 1933, as amended, unless specifically
identified therein as being incorporated therein by reference.
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Item 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits
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Exhibit |
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Number |
Description |
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Exhibit 99.1 |
Targa Resources Corp. Press Release dated May 4, 2017. |
About TARGA RESOURCES CORP. (NYSE:TRGP)
Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP (the Partnership), is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting, terminaling and selling NGLs, NGL products, and gathering, storing and terminaling crude oil and refined petroleum products. The Partnership operates in two divisions: Gathering and Processing, and Logistics and Marketing. The Gathering and Processing division consists of two segments: Field Gathering and Processing, and Coastal Gathering and Processing. The Logistics and Marketing division consists of two segments: Logistics Assets, and Marketing and Distribution. TARGA RESOURCES CORP. (NYSE:TRGP) Recent Trading Information
TARGA RESOURCES CORP. (NYSE:TRGP) closed its last trading session down -0.74 at 55.00 with 1,389,552 shares trading hands.