$TRGP
Targa Resources Corp. Stock $trgp

$trgp Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000156459017008688 Filed on May 04, 2017

Income Statement

Concept	2017 Q1	2016 Q4	2016 Q1
Revenue	$2.113B	$2.013B	$1.171B
YoY Change	80.41%	22.16%	-16.49%
Cost Of Revenue	$1.654B	$1.544B	$1.011B
YoY Change	63.62%	29.17%	-20.29%
Gross Profit	$458.4M	$468.6M	$431.4M
YoY Change	6.26%	1.91%	2.45%
Gross Profit Margin	21.7%	23.28%	36.84%
Selling, General & Admin	$48.70M	$48.90M	$45.30M
YoY Change	7.51%	94.05%	6.59%
% of Gross Profit	10.62%	10.44%	10.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$191.1M	$194.1M	$193.5M
YoY Change	-1.24%	-1.07%	63.15%
% of Gross Profit	41.69%	41.42%	44.85%
Operating Expenses	$407.9M	$383.2M	$371.9M
YoY Change	9.68%	3.85%	36.23%
Operating Profit	$50.50M	-$97.60M	$35.50M
YoY Change	42.25%	-52.83%	-74.37%
Interest Expense	-$63.00M	-$70.10M	-$57.70M
YoY Change	9.19%	85.94%	9.07%
% of Operating Profit	-124.75%		-162.54%
Other Income/Expense, Net	-$5.200M	$0.00	-$100.0K
YoY Change	5100.0%	-100.0%	-99.62%
Pretax Income	-$39.40M	-$237.4M	$2.400M
YoY Change	-1741.67%	-3.69%	-95.28%
Income Tax	$71.10M	-$96.70M	$3.100M
% Of Pretax Income			129.17%
Net Earnings	-$119.3M	-$140.6M	-$2.700M
YoY Change	4318.52%	-39.37%	-184.38%
Net Earnings / Revenue	-5.65%	-6.99%	-0.23%
Basic Earnings Per Share	-$0.77	-$0.99	-$0.06
Diluted Earnings Per Share	-$0.77	-$0.99	-$0.06
COMMON SHARES
Basic Shares Outstanding	191.8M		106.6M
Diluted Shares Outstanding	191.8M		106.6M

Balance Sheet

Concept	2017 Q1	2016 Q4	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$80.00M	$74.00M	$115.0M
YoY Change	-30.43%	-47.14%	-32.75%
Cash & Equivalents	$80.00M	$73.50M	$114.5M
Short-Term Investments
Other Short-Term Assets	$48.00M	$36.40M	$28.90M
YoY Change	66.09%	110.4%	-79.79%
Inventory	$76.00M	$137.7M	$61.70M
Prepaid Expenses
Receivables	$538.0M	$674.6M	$428.4M
Other Receivables	$70.00M	$67.00M	$0.00
Total Short-Term Assets	$812.0M	$1.007B	$715.9M
YoY Change	13.42%	9.43%	-32.97%
LONG-TERM ASSETS
Property, Plant & Equipment	$9.963B	$9.691B	$9.735B
YoY Change	2.35%	-0.12%	-1.0%
Goodwill	$369.0M	$210.0M	$393.0M
YoY Change	-6.11%	-49.64%	-44.41%
Intangibles
YoY Change
Long-Term Investments	$227.0M	$240.8M	$254.9M
YoY Change	-10.95%	-6.99%	-21.08%
Other Assets	$44.00M	$63.50M	$60.50M
YoY Change	-27.27%	-5.79%	-64.62%
Total Long-Term Assets	$12.84B	$11.86B	$12.28B
YoY Change	4.54%	-3.47%	-0.14%
TOTAL ASSETS
Total Short-Term Assets	$812.0M	$1.007B	$715.9M
Total Long-Term Assets	$12.84B	$11.86B	$12.28B
Total Assets	$13.65B	$12.87B	$13.00B
YoY Change	5.03%	-2.57%	-2.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$512.0M	$574.0M	$323.0M
YoY Change	58.51%	51.45%	-27.58%
Accrued Expenses	$73.00M	$90.00M	$82.00M
YoY Change	-10.98%	-7.22%	2.5%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$534.9M	$275.0M	$150.0M
YoY Change	256.6%	25.57%	-24.24%
Total Short-Term Liabilities	$1.424B	$1.168B	$693.0M
YoY Change	105.48%	33.46%	-29.5%
LONG-TERM LIABILITIES
Long-Term Debt	$4.285B	$4.606B	$4.921B
YoY Change	-12.93%	-19.46%	-15.7%
Other Long-Term Liabilities	$625.0M	$215.1M	$155.8M
YoY Change	301.16%	15.09%	90.0%
Total Long-Term Liabilities	$4.910B	$4.821B	$5.077B
YoY Change	-3.29%	-18.37%	-14.24%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.424B	$1.168B	$693.0M
Total Long-Term Liabilities	$4.910B	$4.821B	$5.077B
Total Liabilities	$7.767B	$5.989B	$5.770B
YoY Change	34.61%	-11.68%	-52.36%
SHAREHOLDERS EQUITY
Retained Earnings	-$250.5M	-$187.3M	-$2.700M
YoY Change	9177.78%	-796.28%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$32.70M	$32.20M	$28.90M
YoY Change	13.15%	12.2%
Treasury Stock Shares	$522.7K	$513.9K	$435.8K
Shareholders Equity	$5.690B	$5.249B	$5.333B
YoY Change
Total Liabilities & Shareholders Equity	$13.65B	$12.87B	$12.95B
YoY Change	5.44%	-2.57%	-4.96%

Cashflow Statement

Concept	2017 Q1	2016 Q4	2016 Q1
OPERATING ACTIVITIES
Net Income	-$119.3M	-$140.6M	-$2.700M
YoY Change	4318.52%	-39.37%	-184.38%
Depreciation, Depletion And Amortization	$191.1M	$194.1M	$193.5M
YoY Change	-1.24%	-1.07%	63.15%
Cash From Operating Activities	$318.7M	$276.7M	$241.3M
YoY Change	32.08%	-18.43%	-17.53%
INVESTING ACTIVITIES
Capital Expenditures	$144.2M	-$137.1M	$190.1M
YoY Change	-24.15%	-28.56%	1.33%
Acquisitions	$480.8M
YoY Change
Other Investing Activities	-$481.3M	$500.0K	$1.300M
YoY Change	-37123.08%	0.0%	-83.33%
Cash From Investing Activities	-$625.5M	-$136.6M	-$188.0M
YoY Change	232.71%	-28.63%	-89.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$524.2M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	313.3M	-207.7M	-79.00M
YoY Change	-496.58%	87.96%	-104.97%
NET CHANGE
Cash From Operating Activities	318.7M	276.7M	241.3M
Cash From Investing Activities	-625.5M	-136.6M	-188.0M
Cash From Financing Activities	313.3M	-207.7M	-79.00M
Net Change In Cash	6.500M	-67.60M	-25.70M
YoY Change	-125.29%	-281.23%	-128.65%
FREE CASH FLOW
Cash From Operating Activities	$318.7M	$276.7M	$241.3M
Capital Expenditures	$144.2M	-$137.1M	$190.1M
Free Cash Flow	$174.5M	$413.8M	$51.20M
YoY Change	240.82%	-22.09%	-51.24%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
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CY2016Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	275000000
CY2017Q1	us-gaap	Stockholders Equity Note Subscriptions Receivable StockholdersEquityNoteSubscriptionsReceivable	19600000
CY2016Q4	us-gaap	Stockholders Equity Note Subscriptions Receivable StockholdersEquityNoteSubscriptionsReceivable	0
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-250500000
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-187300000
CY2017Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	6500000
CY2016Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-38300000
CY2017Q1	us-gaap	Treasury Stock Value TreasuryStockValue	32700000
CY2016Q4	us-gaap	Treasury Stock Value TreasuryStockValue	32200000
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	5689900000
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	5248600000
CY2017Q1	us-gaap	Minority Interest MinorityInterest	481000000
CY2016Q4	us-gaap	Minority Interest MinorityInterest	475800000
CY2017Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	6170900000
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5724400000
CY2017Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	13653800000
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	12871200000
CY2017Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	100000
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	900000
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-21100000
CY2017Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2017Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000
CY2017Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	197162557
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	185234405
CY2017Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	196639858
CY2016Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	184720525
CY2017Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2017Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	98800000
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	98800000
CY2017Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2017Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0
CY2017Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	522699
CY2016Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	513880
CY2017Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	151900000
CY2017Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	191100000
CY2016Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	193500000
CY2017Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	48700000
CY2016Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	45300000
CY2016Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	24000000
CY2017Q1	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-16200000
CY2016Q1	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-1000000
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	50500000
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	35500000
CY2017Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-63000000
CY2016Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-52900000
CY2017Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-12600000
CY2016Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-4800000
CY2017Q1	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	-5800000
CY2016Q1	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	24700000
CY2017Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-8500000
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-100000
CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-39400000
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	2400000
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	71100000
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3100000
CY2017Q1	us-gaap	Profit Loss ProfitLoss	-110500000
CY2016Q1	us-gaap	Profit Loss ProfitLoss	-700000
CY2017Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	8800000
CY2016Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	2000000
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	-119300000
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	-2700000
CY2017Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	22900000
CY2016Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	3800000
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	191800000
CY2017Q1	trgp	Deemed Preferred Stock Dividend DeemedPreferredStockDividend	6100000
CY2017Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-148300000
CY2016Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-6500000
CY2017Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.77
CY2016Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.06
CY2017Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.77
CY2016Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.06
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	106600000
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	191800000
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	106600000
CY2017Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.91
CY2016Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.91
CY2017Q1	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	72300000
CY2016Q1	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	-30100000
CY2017Q1	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	27500000
CY2016Q1	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-11700000
CY2017Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	44800000
CY2016Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-18400000
CY2017Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-74500000
CY2017Q1	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest	0
CY2016Q1	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest	12600000
CY2017Q1	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest	0
CY2016Q1	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest	0
CY2017Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest	0
CY2016Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest	12600000
CY2017Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	8800000
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	14600000
CY2017Q1	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	72300000
CY2016Q1	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	-17500000
CY2017Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	27500000
CY2016Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-11700000
CY2017Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	44800000
CY2016Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-5800000
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-6500000
CY2017Q1	us-gaap	New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification	56100000
CY2017Q1	us-gaap	Stock Granted During Period Value Sharebased Compensation Gross StockGrantedDuringPeriodValueSharebasedCompensationGross	10800000
CY2017Q1	trgp	Distribution Equivalent Rights DistributionEquivalentRights	2200000
CY2017Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	500000
CY2017Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	676800000
CY2017Q1	us-gaap	Sale Of Stock Consideration Received Per Transaction SaleOfStockConsiderationReceivedPerTransaction	19600000
CY2017Q1	trgp	Deemed Preferred Stock Dividend Accretion Of Beneficial Conversion Feature DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature	6100000
CY2017Q1	us-gaap	Dividends Common Stock DividendsCommonStock	176600000
CY2017Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	12500000
CY2017Q1	trgp	Contributions From Non Controlling Interest ContributionsFromNonControllingInterest	8900000
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	6250200000
CY2016Q1	us-gaap	Stock Granted During Period Value Sharebased Compensation Gross StockGrantedDuringPeriodValueSharebasedCompensationGross	8000000
CY2016Q1	trgp	Distribution Equivalent Rights DistributionEquivalentRights	3700000
CY2016Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	300000
CY2016Q1	us-gaap	Stock And Warrants Issued During Period Value Preferred Stock And Warrants StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants	796800000
CY2016Q1	us-gaap	Dividends Common Stock DividendsCommonStock	51100000
CY2016Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	143800000
CY2016Q1	trgp	Contributions From Non Controlling Interest ContributionsFromNonControllingInterest	6000000
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-188000000
CY2017Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	995000000
CY2016Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	532000000
CY2017Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	985000000
CY2016Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	977000000
CY2017Q1	us-gaap	Proceeds From Accounts Receivable Securitization ProceedsFromAccountsReceivableSecuritization	75000000
CY2016Q1	us-gaap	Proceeds From Accounts Receivable Securitization ProceedsFromAccountsReceivableSecuritization	5700000
CY2016Q1	trgp	Noncontrolling Interest Increase Decrease From Business Combination NoncontrollingInterestIncreaseDecreaseFromBusinessCombination	-971100000
CY2016Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5880700000
CY2017Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	3100000
CY2016Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	4200000
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	10800000
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	8000000
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CY2016Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	1200000
CY2017Q1	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	-2500000
CY2016Q1	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	18500000
CY2017Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	73400000
CY2016Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	3100000
CY2017Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	2700000
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CY2016Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-4400000
CY2017Q1	us-gaap	Gain Loss On Sale Of Property GainLossOnSaleOfProperty	-16100000
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CY2017Q1	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	-241200000
CY2016Q1	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	-94700000
CY2017Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-53700000
CY2016Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-62300000
CY2017Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-196900000
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-115900000
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	318700000
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	241300000
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	144200000
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	190100000
CY2017Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	480800000
CY2017Q1	us-gaap	Payments For Advance To Affiliate PaymentsForAdvanceToAffiliate	500000
CY2016Q1	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	3400000
CY2016Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	1300000
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-625500000
CY2017Q1	us-gaap	Repayments Of Accounts Receivable Securitization RepaymentsOfAccountsReceivableSecuritization	65000000
CY2016Q1	us-gaap	Repayments Of Accounts Receivable Securitization RepaymentsOfAccountsReceivableSecuritization	75000000
CY2017Q1	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	160000000
CY2016Q1	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	330600000
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	664800000
CY2016Q1	us-gaap	Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants	994100000
CY2017Q1	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	7700000
CY2016Q1	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	38500000
CY2017Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	500000
CY2016Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	200000
CY2017Q1	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	8900000
CY2016Q1	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	6000000
CY2017Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	9700000
CY2016Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	2100000
CY2017Q1	us-gaap	Payments Of Ordinary Dividends PaymentsOfOrdinaryDividends	199700000
CY2016Q1	us-gaap	Payments Of Ordinary Dividends PaymentsOfOrdinaryDividends	51400000
CY2017Q1	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	2800000
CY2016Q1	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	141700000
CY2017Q1	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	6500000
CY2016Q1	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-25700000
CY2016Q1	trgp	Payment Of Distribution Equivalent Rights PaymentOfDistributionEquivalentRights	300000
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	313300000
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-79000000
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	140200000
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	114500000
CY2017Q1	us-gaap	Nature Of Operations NatureOfOperations	<div> <p style="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 — Organization and Operations</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top: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="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top: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. (“TRC”) is a publicly traded Delaware corporation formed in October 2005. Our common stock is listed on the New York Stock Exchange under the symbol “TRGP.” In this Quarterly Report, unless the context requires otherwise, references to “we,” “us,” “our,” “the Company” or “Targa” are intended to mean our consolidated business and operations.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top: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="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top: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;"> </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;">•</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;"> </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;">•</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;"> </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;">•</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;"> </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;">•</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 21 – 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;"> </p></div>
CY2016Q4	us-gaap	Gas Purchase Payable Current GasPurchasePayableCurrent	574400000
CY2017Q1	us-gaap	Accounts Payable Other Current AccountsPayableOtherCurrent	122200000
CY2017Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	144300000
CY2017Q1	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	625600000
CY2017Q1	trgp	Preferred Stock Dividends Payable Current PreferredStockDividendsPayableCurrent	22900000
CY2017Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	40800000
CY2017Q1	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	159000000
CY2017Q1	trgp	Contributions For Expansion Projects ContributionsForExpansionProjects	1500000
CY2017Q1	us-gaap	Gas Purchase Payable Current GasPurchasePayableCurrent	512100000
CY2017Q1	us-gaap	Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest	0.02
CY2017Q1	trgp	General Partner Ownership Interest By Parent GeneralPartnerOwnershipInterestByParent	1.00
CY2017Q1	trgp	Number Of Partnership Common Units Owned NumberOfPartnershipCommonUnitsOwned	16309594
CY2017Q1	us-gaap	Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest	0.088
CY2016Q1	trgp	Stock For Unit Transaction Conversion Ratio StockForUnitTransactionConversionRatio	0.62
CY2016Q1	trgp	Stock Issued During Period Shares Acquisitions In Exchange For Shares Of Acquiree StockIssuedDuringPeriodSharesAcquisitionsInExchangeForSharesOfAcquiree	104525775
CY2017Q1	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	9200000
CY2017Q1	us-gaap	Sale Of Stock Price Per Share SaleOfStockPricePerShare	57.65
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	524200000
CY2017Q1	us-gaap	Accounts Receivable Fair Value Disclosure AccountsReceivableFairValueDisclosure	6500000
CY2017Q1	us-gaap	Energy Related Inventory EnergyRelatedInventory	65100000
CY2016Q4	us-gaap	Energy Related Inventory EnergyRelatedInventory	126900000
CY2017Q1	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	10400000
CY2016Q4	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	10800000
CY2017Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	2662200000
CY2016Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	2036600000
CY2017Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	423400000
CY2016Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	382600000
CY2017Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	184200000
CY2017Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	177400000
CY2017Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	166400000
CY2017Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	154200000
CY2016Q4	us-gaap	Accounts Payable Other Current AccountsPayableOtherCurrent	117000000
CY2017Q1	trgp	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Cash Payable BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesCashPayable	90000000
CY2016Q4	trgp	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Cash Payable BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesCashPayable	0
CY2017Q1	us-gaap	Interest Payable Current InterestPayableCurrent	52700000
CY2016Q4	us-gaap	Interest Payable Current InterestPayableCurrent	52300000
CY2017Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	20200000
CY2016Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	37200000
CY2017Q1	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	22600000
CY2017Q1	us-gaap	Dividend Payable Date To Be Paid Day Month And Year DividendPayableDateToBePaidDayMonthAndYear	2017-05-15
CY2016	trgp	Warrants Exercised In Shares WarrantsExercisedInShares	19983843
CY2017Q1	trgp	Warrants Exercised In Shares WarrantsExercisedInShares	0
CY2017Q1	us-gaap	Partners Capital Account Contributions PartnersCapitalAccountContributions	655000000
CY2017Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	29000000
CY2016Q4	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	24200000
CY2016Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	3800000
CY2017Q1	trgp	Preference Stock Initial Relative Fair Value And Beneficial Conversion Feature Net PreferenceStockInitialRelativeFairValueAndBeneficialConversionFeatureNet	614400000
CY2017Q1	trgp	Accounting Conversion Price Of Convertible Preferred Stock AccountingConversionPriceOfConvertiblePreferredStock	17.02
CY2017Q1	trgp	Conversion Price Of Preferred Stock Into Common Stock ConversionPriceOfPreferredStockIntoCommonStock	20.77
CY2017Q1	us-gaap	Dividends Preferred Stock Cash DividendsPreferredStockCash	22900000
CY2016Q4	trgp	Preferred Stock Dividends Payable Current PreferredStockDividendsPayableCurrent	22900000
CY2017Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	24500000
CY2016Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	15500000
CY2017Q1	trgp	Outstanding Checks OutstandingChecks	27400000
CY2016Q4	trgp	Outstanding Checks OutstandingChecks	30500000
CY2017Q1	us-gaap	Collateralized Financings CollateralizedFinancings	285000000
CY2016Q4	us-gaap	Collateralized Financings CollateralizedFinancings	275000000
CY2017Q1	us-gaap	Unsecured Debt Current UnsecuredDebtCurrent	250500000
CY2016Q4	us-gaap	Unsecured Debt Current UnsecuredDebtCurrent	0
CY2017Q1	us-gaap	Debt Current DebtCurrent	535500000
CY2016Q4	us-gaap	Debt Current DebtCurrent	275000000
CY2017Q1	us-gaap	Deferred Finance Costs Current Net DeferredFinanceCostsCurrentNet	600000
CY2016Q4	us-gaap	Deferred Finance Costs Current Net DeferredFinanceCostsCurrentNet	0
CY2017Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	4241800000
CY2016Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	4640100000
CY2017Q1	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	28500000
CY2016Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	34100000
CY2017Q1	us-gaap	Long Term Debt LongTermDebt	4748200000
CY2016Q4	us-gaap	Long Term Debt LongTermDebt	4881000000
CY2017Q1	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	15800000
CY2016Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	13200000
CY2017Q1	us-gaap	Asset Retirement Obligation AssetRetirementObligation	68000000
CY2016Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	64600000
CY2017Q1	us-gaap	Redeemable Noncontrolling Interest Equity Carrying Amount RedeemableNoncontrollingInterestEquityCarryingAmount	71900000
CY2016Q4	us-gaap	Redeemable Noncontrolling Interest Equity Carrying Amount RedeemableNoncontrollingInterestEquityCarryingAmount	68500000
CY2017Q1	us-gaap	Deferred Revenue DeferredRevenue	69000000
CY2016Q4	us-gaap	Deferred Revenue DeferredRevenue	69800000
CY2017Q1	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	15200000
CY2016Q4	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	12200000
CY2017Q1	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	400000
CY2017Q1	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	1700000
CY2017Q1	us-gaap	Deferred Revenue Revenue Recognized1 DeferredRevenueRevenueRecognized1	800000
CY2016Q1	trgp	Number Of Tranches NumberOfTranches	2
CY2017Q1	trgp	Term Of Preferred Stock Warrants TermOfPreferredStockWarrants	P7Y
CY2017Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	24800000
CY2017Q1	trgp	Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants Net ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrantsNet	969300000
CY2017Q1	us-gaap	Debt Instrument Convertible Beneficial Conversion Feature DebtInstrumentConvertibleBeneficialConversionFeature	614400000
CY2017Q1	trgp	Derivative Asset Before Effects Of Master Netting Arrangements DerivativeAssetBeforeEffectsOfMasterNettingArrangements	45500000
CY2016Q4	trgp	Derivative Asset Before Effects Of Master Netting Arrangements DerivativeAssetBeforeEffectsOfMasterNettingArrangements	21900000
CY2017Q1	trgp	Derivative Liability Before Effects Of Master Netting Arrangements DerivativeLiabilityBeforeEffectsOfMasterNettingArrangements	30100000
CY2016Q4	trgp	Derivative Liability Before Effects Of Master Netting Arrangements DerivativeLiabilityBeforeEffectsOfMasterNettingArrangements	75200000
CY2017Q1	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	45500000
CY2016Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	21900000
CY2017Q1	us-gaap	Derivative Collateral Right To Reclaim Securities DerivativeCollateralRightToReclaimSecurities	100000
CY2017Q1	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	30100000
CY2016Q4	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	75200000
CY2017Q1	us-gaap	Derivative Liabilities DerivativeLiabilities	12400000
CY2016Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	52000000
CY2017Q1	us-gaap	Derivative Assets DerivativeAssets	27900000
CY2016Q4	us-gaap	Derivative Assets DerivativeAssets	5700000
CY2017Q1	trgp	Contribution Of Property Plant And Equipment To Investment In Unconsolidated Affiliates ContributionOfPropertyPlantAndEquipmentToInvestmentInUnconsolidatedAffiliates	1000000
CY2016Q1	trgp	Impact Of Capital Expenditure Accruals On Plant And Equipment ImpactOfCapitalExpenditureAccrualsOnPlantAndEquipment	13700000
CY2017Q1	trgp	Transfers From Materials And Supplies To Property Plant And Equipment TransfersFromMaterialsAndSuppliesToPropertyPlantAndEquipment	400000
CY2016Q1	trgp	Transfers From Materials And Supplies To Property Plant And Equipment TransfersFromMaterialsAndSuppliesToPropertyPlantAndEquipment	500000
CY2016Q4	us-gaap	Derivative Collateral Right To Reclaim Securities DerivativeCollateralRightToReclaimSecurities	7000000
CY2017Q1	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	15400000
CY2017Q1	trgp	Price Risk Cash Flow Hedge Gain Loss Expected To Reclassify Into Earnings PriceRiskCashFlowHedgeGainLossExpectedToReclassifyIntoEarnings	10800000
CY2017Q1	us-gaap	Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months PriceRiskCashFlowHedgeUnrealizedGainLossToBeReclassifiedDuringNext12Months	-2600000
CY2017Q1	trgp	Derivative Fair Value Of Asset Liability Net If Commodity Price Increases By10 Percent DerivativeFairValueOfAssetLiabilityNetIfCommodityPriceIncreasesBy10Percent	47500000
CY2017Q1	trgp	Derivative Fair Value Of Asset Liability Net If Commodity Price Decreases By10 Percent DerivativeFairValueOfAssetLiabilityNetIfCommodityPriceDecreasesBy10Percent	79000000
CY2017Q1	trgp	Number Of Natural Gas Basis Swaps Categorized As Level3 NumberOfNaturalGasBasisSwapsCategorizedAsLevel3	17
CY2017Q1	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	100000
CY2016Q1	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	100000
CY2017Q1	us-gaap	Interest Paid Net InterestPaidNet	56100000
CY2016Q1	us-gaap	Interest Paid Net InterestPaidNet	82800000
CY2017Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-200000
CY2016Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1000000
CY2017Q1	trgp	Non Cash Adjustment To Line Fill NonCashAdjustmentToLineFill	8300000
CY2016Q1	trgp	Non Cash Adjustment To Line Fill NonCashAdjustmentToLineFill	16900000
CY2017Q1	trgp	Impact Of Capital Expenditure Accruals On Plant And Equipment ImpactOfCapitalExpenditureAccrualsOnPlantAndEquipment	30000000
CY2016Q1	trgp	Contribution Of Property Plant And Equipment To Investment In Unconsolidated Affiliates ContributionOfPropertyPlantAndEquipmentToInvestmentInUnconsolidatedAffiliates	0
CY2016Q1	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	-9100000
CY2017Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	2200000
CY2016Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	3700000
CY2017Q1	trgp	Preferred Stock Accrued Issue Costs PreferredStockAccruedIssueCosts	0
CY2016Q1	trgp	Preferred Stock Accrued Issue Costs PreferredStockAccruedIssueCosts	3300000
CY2017Q1	trgp	Receivables From Equity Offerings ReceivablesFromEquityOfferings	19600000
CY2016Q1	trgp	Receivables From Equity Offerings ReceivablesFromEquityOfferings	0
CY2017Q1	trgp	Change In Preferred Stock Dividends Payable Current ChangeInPreferredStockDividendsPayableCurrent	0
CY2016Q1	trgp	Change In Preferred Stock Dividends Payable Current ChangeInPreferredStockDividendsPayableCurrent	3800000
CY2016Q1	trgp	Deemed Preferred Stock Dividend DeemedPreferredStockDividend	0
CY2017Q1	trgp	Prepaid Transaction Costs Reclassified In Additional Paid In Capital PrepaidTransactionCostsReclassifiedInAdditionalPaidInCapital	0
CY2016Q1	trgp	Prepaid Transaction Costs Reclassified In Additional Paid In Capital PrepaidTransactionCostsReclassifiedInAdditionalPaidInCapital	4500000
CY2017Q1	us-gaap	Stock Issued1 StockIssued1	0
CY2016Q1	us-gaap	Stock Issued1 StockIssued1	100000
CY2017Q1	trgp	Noncash Additional Paid In Capital NoncashAdditionalPaidInCapital	0
CY2016Q1	trgp	Noncash Additional Paid In Capital NoncashAdditionalPaidInCapital	3115500000
CY2017Q1	trgp	Noncash Accumulated Other Comprehensive Income Loss Net Of Tax NoncashAccumulatedOtherComprehensiveIncomeLossNetOfTax	0
CY2016Q1	trgp	Noncash Accumulated Other Comprehensive Income Loss Net Of Tax NoncashAccumulatedOtherComprehensiveIncomeLossNetOfTax	55900000
CY2017Q1	trgp	Noncash Noncontrolling Interest Increase From Business Combination NoncashNoncontrollingInterestIncreaseFromBusinessCombination	0
CY2016Q1	trgp	Noncash Noncontrolling Interest Increase From Business Combination NoncashNoncontrollingInterestIncreaseFromBusinessCombination	4119900000
CY2017Q1	trgp	Noncash Deferred Tax Liabilities Noncurrent NoncashDeferredTaxLiabilitiesNoncurrent	0
CY2016Q1	trgp	Noncash Deferred Tax Liabilities Noncurrent NoncashDeferredTaxLiabilitiesNoncurrent	948400000
CY2017Q1	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	1700000
CY2016Q1	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	4800000
CY2017Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2
CY2017Q1	trgp	Operating Margin OperatingMargin	306500000
CY2017Q1	us-gaap	Property Plant And Equipment Additions PropertyPlantAndEquipmentAdditions	174600000
CY2016Q1	trgp	Operating Margin OperatingMargin	299300000
CY2016Q1	us-gaap	Assets Assets	12949200000
CY2016Q1	us-gaap	Goodwill Goodwill	393000000
CY2016Q1	us-gaap	Property Plant And Equipment Additions PropertyPlantAndEquipmentAdditions	176900000
CY2017Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0
CY2017Q1	trgp	Other Operating And Non Operating Income Expense Net OtherOperatingAndNonOperatingIncomeExpenseNet	-43100000
CY2016Q1	trgp	Other Operating And Non Operating Income Expense Net OtherOperatingAndNonOperatingIncomeExpenseNet	18800000

Files In Submission

Name	View Source	Status
0001564590-17-008688-index-headers.html	Edgar Link	pending
0001564590-17-008688-index.html	Edgar Link	pending
0001564590-17-008688.txt	Edgar Link	pending
0001564590-17-008688-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
g201705041633178164086.jpg	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
trgp-10q_20170331.htm	Edgar Link	pending
trgp-20170331.xml	Edgar Link	completed
trgp-20170331.xsd	Edgar Link	pending
trgp-20170331_cal.xml	Edgar Link	unprocessable
trgp-20170331_def.xml	Edgar Link	unprocessable
trgp-20170331_lab.xml	Edgar Link	unprocessable
trgp-20170331_pre.xml	Edgar Link	unprocessable
trgp-ex311_6.htm	Edgar Link	pending
trgp-ex312_7.htm	Edgar Link	pending
trgp-ex321_8.htm	Edgar Link	pending
trgp-ex322_10.htm	Edgar Link	pending

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$TRGP
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2017 Q1 Form 10-Q Financial Statement

#000156459017008688 Filed on May 04, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TRGP Targa Resources Corp. Stock $trgp

2017 Q1 Form 10-Q Financial Statement

#000156459017008688 Filed on May 04, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TRGP
Targa Resources Corp. Stock $trgp