$TRGP
Targa Resources Corp.

2016 Q4 Form 10-K Financial Statement

#000156459017001810 Filed on February 21, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4 2015 Q3
Revenue $2.013B $1.647B $1.632B
YoY Change 22.16% -18.96% -28.68%
Cost Of Revenue $1.544B $1.195B $1.172B
YoY Change 29.17% -26.88% -37.65%
Gross Profit $468.6M $459.8M $468.8M
YoY Change 1.91% 15.5% 14.96%
Gross Profit Margin 23.28% 27.91% 28.72%
Selling, General & Admin $48.90M $25.20M $44.90M
YoY Change 94.05% -1.56% 4.42%
% of Gross Profit 10.44% 5.48% 9.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $194.1M $196.2M $165.8M
YoY Change -1.07% 100.41% 89.05%
% of Gross Profit 41.42% 42.67% 35.37%
Operating Expenses $383.2M $369.0M $344.4M
YoY Change 3.85% 56.89% 44.04%
Operating Profit -$97.60M -$206.9M $115.3M
YoY Change -52.83% -226.85% -31.65%
Interest Expense -$70.10M -$37.70M -$72.00M
YoY Change 85.94% 3.57% 123.6%
% of Operating Profit -62.45%
Other Income/Expense, Net $0.00 -$5.200M $2.000M
YoY Change -100.0%
Pretax Income -$237.4M -$246.5M $44.80M
YoY Change -3.69% -331.02% -67.03%
Income Tax -$96.70M -$14.50M $24.00M
% Of Pretax Income 53.57%
Net Earnings -$140.6M -$231.9M $20.80M
YoY Change -39.37% -1009.41% -32.25%
Net Earnings / Revenue -6.99% -14.08% 1.27%
Basic Earnings Per Share -$0.99 $0.48 $0.23
Diluted Earnings Per Share -$0.99 $0.48 $0.23
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding 56.10M

Balance Sheet

Concept 2016 Q4 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.00M $140.0M $103.0M
YoY Change -47.14% 72.84% 30.38%
Cash & Equivalents $73.50M $140.2M $102.9M
Short-Term Investments
Other Short-Term Assets $36.40M $17.30M $126.0M
YoY Change 110.4% -73.38% 404.0%
Inventory $137.7M $141.0M $151.0M
Prepaid Expenses
Receivables $674.6M $515.8M $621.0M
Other Receivables $67.00M $13.00M $0.00
Total Short-Term Assets $1.007B $920.0M $1.001B
YoY Change 9.43% 4.19% -4.94%
LONG-TERM ASSETS
Property, Plant & Equipment $9.691B $9.703B $9.750B
YoY Change -0.12% 101.09% 107.71%
Goodwill $210.0M $417.0M $551.4M
YoY Change -49.64%
Intangibles
YoY Change
Long-Term Investments $240.8M $258.9M $264.0M
YoY Change -6.99% 415.74% 407.69%
Other Assets $63.50M $67.40M $156.0M
YoY Change -5.79% -35.19% 81.4%
Total Long-Term Assets $11.86B $12.29B $12.37B
YoY Change -3.47% 121.84% 127.48%
TOTAL ASSETS
Total Short-Term Assets $1.007B $920.0M $1.001B
Total Long-Term Assets $11.86B $12.29B $12.37B
Total Assets $12.87B $13.21B $13.37B
YoY Change -2.57% 105.67% 106.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $574.0M $379.0M $417.0M
YoY Change 51.45% -9.11% -27.35%
Accrued Expenses $90.00M $97.00M $99.00M
YoY Change -7.22% 16.87% 11.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $275.0M $219.0M $136.0M
YoY Change 25.57% 19.67%
Total Short-Term Liabilities $1.168B $874.9M $862.0M
YoY Change 33.46% 5.79% 7.35%
LONG-TERM LIABILITIES
Long-Term Debt $4.606B $5.719B $5.939B
YoY Change -19.46% 98.23% 89.32%
Other Long-Term Liabilities $215.1M $186.9M $81.00M
YoY Change 15.09% 196.67% 20.9%
Total Long-Term Liabilities $4.821B $5.906B $6.020B
YoY Change -18.37% 100.33% 87.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.168B $874.9M $862.0M
Total Long-Term Liabilities $4.821B $5.906B $6.020B
Total Liabilities $5.989B $6.781B $11.94B
YoY Change -11.68% 7.9% 88.5%
SHAREHOLDERS EQUITY
Retained Earnings -$187.3M $26.90M
YoY Change -796.28%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $32.20M $28.70M
YoY Change 12.2%
Treasury Stock Shares $513.9K $426.3K
Shareholders Equity $5.249B $1.461B $1.482B
YoY Change
Total Liabilities & Shareholders Equity $12.87B $13.21B $13.42B
YoY Change -2.57% 104.69% 106.69%

Cashflow Statement

Concept 2016 Q4 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income -$140.6M -$231.9M $20.80M
YoY Change -39.37% -1009.41% -32.25%
Depreciation, Depletion And Amortization $194.1M $196.2M $165.8M
YoY Change -1.07% 100.41% 89.05%
Cash From Operating Activities $276.7M $339.2M $211.3M
YoY Change -18.43% 39.76% 123.36%
INVESTING ACTIVITIES
Capital Expenditures -$137.1M -$191.9M -$189.1M
YoY Change -28.56% 0.73% 24.33%
Acquisitions
YoY Change
Other Investing Activities $500.0K $500.0K -$7.300M
YoY Change 0.0% 66.67% -258.7%
Cash From Investing Activities -$136.6M -$191.4M -$196.4M
YoY Change -28.63% 0.63% 33.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -207.7M -110.5M -17.70M
YoY Change 87.96% 119.68% -131.72%
NET CHANGE
Cash From Operating Activities 276.7M 339.2M 211.3M
Cash From Investing Activities -136.6M -191.4M -196.4M
Cash From Financing Activities -207.7M -110.5M -17.70M
Net Change In Cash -67.60M 37.30M -2.800M
YoY Change -281.23% 1595.45% -196.55%
FREE CASH FLOW
Cash From Operating Activities $276.7M $339.2M $211.3M
Capital Expenditures -$137.1M -$191.9M -$189.1M
Free Cash Flow $413.8M $531.1M $400.4M
YoY Change -22.09% 22.6% 62.3%

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CY2016 trgp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax Interest Rate Swaps Portion Attributable To Parent
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CY2015 trgp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax Interest Rate Swaps Portion Attributable To Parent
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CY2014 trgp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax Interest Rate Swaps Portion Attributable To Parent
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CY2016 trgp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax Interest Rate Swaps Portion Attributable To Parent
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CY2015 trgp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax Interest Rate Swaps Portion Attributable To Parent
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CY2014 trgp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax Interest Rate Swaps Portion Attributable To Parent
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CY2015 trgp Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Interest Portion Attributable To Parent
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CY2016 trgp Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Interest Tax Portion Attributable To Parent
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CY2015 trgp Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Interest Tax Portion Attributable To Parent
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CY2016 trgp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax Interest Rate Swaps Portion Attributable To Noncontrolling Interest
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CY2014 trgp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax Interest Rate Swaps Portion Attributable To Noncontrolling Interest
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CY2015 trgp Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Interest Portion Attributable To Noncontrolling Interest
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CY2015 trgp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax Interest Rate Swaps Including Portion Attributable To Noncontrolling Interest
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CY2014 trgp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax Interest Rate Swaps Including Portion Attributable To Noncontrolling Interest
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CY2016 trgp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax Interest Rate Swaps Including Portion Attributable To Noncontrolling Interest
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CY2015 trgp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax Interest Rate Swaps Including Portion Attributable To Noncontrolling Interest
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CY2015 trgp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax Interest Rate Swaps Including Portion Attributable To Noncontrolling Interest
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CY2014 trgp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax Interest Rate Swaps Including Portion Attributable To Noncontrolling Interest
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CY2015 trgp Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Interest Before Tax Including Portion Attributable To Noncontrolling Interest
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CY2014 trgp Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Interest Tax Including Portion Attributable To Noncontrolling Interest
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ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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4100000
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<div> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Note 1 &#8212; Organization and Operations</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Our Organization</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Targa Resources Corp. (&#8220;TRC&#8221;) is a publicly traded Delaware corporation formed in October 2005. Our common stock is listed on the New York Stock Exchange under the symbol &#8220;TRGP.&#8221; In this Annual Report, unless the context requires otherwise, references to &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; &#8220;the Company&#8221; or &#8220;Targa&#8221; are intended to mean our consolidated business and operations.</p> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Our Operations</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company is engaged in the business of: </p> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">&#x2022;</p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">gathering, compressing, treating, processing and selling natural gas;</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">&#x2022;</p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">storing, fractionating, treating, transporting and selling NGLs and NGL products, including services to LPG exporters;</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">&#x2022;</p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">gathering, storing and terminaling crude oil; and </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">&#x2022;</p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">storing, terminaling and selling refined petroleum products.</p></td></tr></table></div> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">See Note 26 &#8211; Segment Information for certain financial information regarding our business segments.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:4.5pt;">&nbsp;</p></div>
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14300000
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3600000
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100000
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3500000
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559200000
CY2016 trgp Open Market Purchases Of Senior Notes
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534300000
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24900000
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3500000
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21400000
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146200000
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2016-11-15
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151100000
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-48200000
CY2015 trgp Interest And Debt Income Expense
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-10100000
CY2014 trgp Interest And Debt Income Expense
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CY2016Q4 us-gaap Asset Retirement Obligation
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64600000
CY2015Q4 us-gaap Asset Retirement Obligation
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70400000
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68500000
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82900000
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69800000
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27700000
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12200000
CY2015Q4 us-gaap Other Sundry Liabilities Noncurrent
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5900000
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57300000
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4000000
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3800000
CY2016 us-gaap Asset Retirement Obligation Liabilities Settled
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1300000
CY2015Q4 trgp Barrels Of Crude And Condensate Splitter
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35000
CY2015Q4 trgp Storage Capacity Of Channel View Terminal
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730000
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140000000
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43000000
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3100000
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2700000
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100000
CY2014Q4 us-gaap Deferred Revenue
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4100000
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45200000
CY2015 us-gaap Deferred Revenue Additions
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26300000
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2
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994100000
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P7Y
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0.0025
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0.0025
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0.005
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0.0075
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0.010
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0.010
CY2016 trgp Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants Net
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969300000
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24800000
CY2016 trgp Accounting Conversion Price Of Convertible Preferred Stock
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17.02
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20.77
CY2016 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
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614400000
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614400000
CY2016 us-gaap Dividends Preferred Stock Cash
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49700000
CY2016 us-gaap Dividend Payable Date To Be Paid Day Month And Year
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2017-02-14
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99.58
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0
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8400000
CY2014 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
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0.02
CY2015Q4 us-gaap Limited Partners Capital Account Units Issued
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7377380
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316100000
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6500000
CY2015 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
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0.02
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1381000000
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1191000000
CY2016Q4 us-gaap Limited Partners Capital Account Units Issued
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58621036
CY2016Q4 us-gaap General Partners Capital Account Units Issued
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1196346
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0.98
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0.02
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190000000
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5000000
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90800000
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0
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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100000
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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100000
CY2016Q4 trgp Derivative Asset Before Effects Of Master Netting Arrangements
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21900000
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127100000
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75200000
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7600000
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21900000
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64800000
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7000000
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60700000
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39700000
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52000000
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5700000
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119500000
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45000000
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86300000
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CY2016Q4 trgp Derivative Fair Value Of Asset Liability Net If Commodity Price Increases By10 Percent
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107400000
CY2016Q4 trgp Derivative Fair Value Of Asset Liability Net If Commodity Price Decreases By10 Percent
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14900000
CY2016 trgp Number Of Natural Gas Basis Swaps Categorized As Level3
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17
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52100000
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18600000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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13600000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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8500000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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6500000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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4900000
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53300000
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50200000
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31800000
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0.63
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21900000
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200000
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-100000
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500000
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500000
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400000
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600000
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1300000
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15000000
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72400000
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101200000
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19800000
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3900000
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3500000
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3500000
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108600000
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23300000
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3500000
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3500000
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105100000
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19800000
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1002600000
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114300000
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25300000
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61500000
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6100000
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10000000
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12300000
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11800000
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197600000
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941200000
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177800000
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600000
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600000
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232500000
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3500000
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3900000
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800000
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500000
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0
CY2016 us-gaap Income Tax Reconciliation Minority Interest Income Expense
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0
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-287100000
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97800000
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166100000
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0
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-287900000
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90200000
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166100000
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
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31600000
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58100000
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3500000
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6700000
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4700000
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4700000
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4700000
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1600000
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214100000
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12600000
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73400000
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17400000
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1200000
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14800000
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27600000
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1652300000
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35500000
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43800000
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19000000
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2400000
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3700000
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4600000
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1600000
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342100000
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900000
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55800000
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4119700000
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856300000
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65000000
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65000000
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5024200000
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8300000
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13200000
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16100000
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41200000
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22800000
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25400000
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44800000
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P2Y3M18D
CY2016 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1.00
CY2016 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.05
CY2016 trgp Defined Contribution Plan Additional Contribution Per Employee Made By Employer Percent
DefinedContributionPlanAdditionalContributionPerEmployeeMadeByEmployerPercent
0.03
CY2016 trgp Defined Contribution Plan Percentage Of Contribution Made In Cash
DefinedContributionPlanPercentageOfContributionMadeInCash
1.00
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
14400000
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
13800000
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10500000
CY2016 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2016 trgp Operating Margin
OperatingMargin
1214300000
CY2016 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
592100000
CY2015 trgp Operating Margin
OperatingMargin
1281000000
CY2015Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
5024200000
CY2015 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
777200000
CY2014 trgp Operating Margin
OperatingMargin
1136500000
CY2014Q4 us-gaap Assets
Assets
6423500000
CY2014 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
747800000
CY2014 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2016 trgp Other Operating And Non Operating Income Expense Net
OtherOperatingAndNonOperatingIncomeExpenseNet
-67900000
CY2015 trgp Other Operating And Non Operating Income Expense Net
OtherOperatingAndNonOperatingIncomeExpenseNet
-32100000
CY2014 trgp Other Operating And Non Operating Income Expense Net
OtherOperatingAndNonOperatingIncomeExpenseNet
600000
CY2016Q1 us-gaap Gas Gathering Transportation Marketing And Processing Revenue
GasGatheringTransportationMarketingAndProcessingRevenue
1442400000
CY2016Q2 us-gaap Gas Gathering Transportation Marketing And Processing Revenue
GasGatheringTransportationMarketingAndProcessingRevenue
1583600000
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
66300000
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
51600000
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-97600000
CY2016Q1 us-gaap Profit Loss
ProfitLoss
-700000
CY2016Q2 us-gaap Profit Loss
ProfitLoss
-14600000
CY2016Q3 us-gaap Profit Loss
ProfitLoss
-3200000
CY2016Q4 us-gaap Profit Loss
ProfitLoss
-140600000
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6500000
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-52600000
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-39400000
CY2016Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-179600000
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.33
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.23
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.18
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.33
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.23
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.18
CY2015Q1 us-gaap Gas Gathering Transportation Marketing And Processing Revenue
GasGatheringTransportationMarketingAndProcessingRevenue
1679700000
CY2015Q2 us-gaap Gas Gathering Transportation Marketing And Processing Revenue
GasGatheringTransportationMarketingAndProcessingRevenue
1699400000
CY2015Q3 us-gaap Gas Gathering Transportation Marketing And Processing Revenue
GasGatheringTransportationMarketingAndProcessingRevenue
1632100000
CY2015Q4 us-gaap Gas Gathering Transportation Marketing And Processing Revenue
GasGatheringTransportationMarketingAndProcessingRevenue
1647400000
CY2015Q1 us-gaap Gross Profit
GrossProfit
421100000
CY2015Q2 us-gaap Gross Profit
GrossProfit
471300000
CY2015Q3 us-gaap Gross Profit
GrossProfit
468800000
CY2015Q4 us-gaap Gross Profit
GrossProfit
459800000
CY2015 us-gaap Gross Profit
GrossProfit
1821000000
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
138500000
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
112400000
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
115300000
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-206900000
CY2015Q1 us-gaap Profit Loss
ProfitLoss
35900000
CY2015Q2 us-gaap Profit Loss
ProfitLoss
23800000
CY2015Q3 us-gaap Profit Loss
ProfitLoss
20800000
CY2015Q4 us-gaap Profit Loss
ProfitLoss
-231900000
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3400000
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15200000
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12700000
CY2015Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
27000000
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2015Q4 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
32600000

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