Targa Resources Corp

For the period ended Dec 31, 2023. Filed Feb 15, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 15, 2024

TRGP$273.63+3.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Signatures

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Targa Resources Corp.
	(Registrant)
Date: February 15, 2024	By:	/s/ Jennifer R. Kneale
		Jennifer R. Kneale
		Chief Financial Officer
		(Principal Financial Officer)

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed by the following persons on behalf of the registrant and in the capacities indicated on February 15, 2024.

Paul W. Chung
Signature	Title (Position with Targa Resources Corp.)
/s/ Matthew J. Meloy	Chief Executive Officer and Director
Matthew J. Meloy	(Principal Executive Officer)
/s/ Jennifer R. Kneale	Chief Financial Officer
Jennifer R. Kneale	(Principal Financial Officer)
/s/ Julie H. Boushka	Senior Vice President and Chief Accounting Officer
Julie H. Boushka	(Principal Accounting Officer)
/s/ Paul W. Chung	Chairman of the Board and Director
/s/ Beth A. Bowman	Director
Beth A. Bowman
/s/ Lindsey M. Cooksen	Director
Lindsey M. Cooksen
/s/ Charles R. Crisp	Director
Charles R. Crisp
/s/ Waters S. Davis, IV	Director
Waters S. Davis, IV
/s/ Robert B. Evans	Director
Robert B. Evans
/s/ Laura C. Fulton	Director
Laura C. Fulton
/s/ Rene R. Joyce	Director
Rene R. Joyce
/s/ Joe Bob Perkins	Director
Joe Bob Perkins
/s/ Ershel C. Redd Jr.	Director
Ershel C. Redd Jr.

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

TARGA RESOURCES CORP. AUDITED CONSOLIDATED FINANCIAL STATEMENTS

Management’s Report on Internal Control Over Financial Reporting	F-2
Report of Independent Registered Public Accounting Firm (PCAOB ID: 238)	F-3
Consolidated Balance Sheets as of December 31, 2023 and December 31, 2022	F-5
Consolidated Statements of Operations for the Years Ended December 31, 2023, 2022 and 2021	F-6
Consolidated Statements of Comprehensive Income (Loss) for the Years Ended December 31, 2023, 2022 and 2021	F-7
Consolidated Statements of Changes in Owners' Equity and Series A Preferred Stock for the Years Ended December 31, 2023, 2022 and 2021	F-8
Consolidated Statements of Cash Flows for the Years Ended December 31, 2023, 2022 and 2021	F-10
Notes to Consolidated Financial Statements	F-11
Note 1 ― Organization and Operations	F-11
Note 2 ― Basis of Presentation	F-11
Note 3 ― Significant Accounting Policies	F-11
Note 4 ― Acquisitions and Divestitures	F-19
Note 5 ― Property, Plant and Equipment and Intangible Assets	F-22
Note 6 ― Goodwill	F-23
Note 7 ― Investment in Unconsolidated Affiliates	F-24
Note 8 ― Debt Obligations	F-26
Note 9 ― Other Long-term Liabilities	F-31
Note 10 ― Leases	F-32
Note 11 ― Preferred Stock	F-33
Note 12 ― Common Stock and Related Matters	F-34
Note 13 ― Earnings Per Common Share	F-35
Note 14 ― Derivative Instruments and Hedging Activities	F-36
Note 15 ― Fair Value Measurements	F-38
Note 16 ― Related Party Transactions	F-40
Note 17 ― Commitments	F-41
Note 18 ― Contingencies	F-41
Note 19 ― Revenue	F-42
Note 20 ― Income Taxes	F-42
Note 21 ― Supplemental Cash Flow Information	F-44
Note 22 ― Compensation Plans	F-44
Note 23 ― Segment Information	F-46

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.