{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-003561","form_type":"8-K","ticker":"TRGP","cik":"0001389170","company_name":"Targa Resources Corp.","filed_at":"2023-02-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.722275+00:00","generated_at":"2026-06-19T04:31:07.308943+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Targa Resources reports record FY2022 adjusted EBITDA $2.9B; Q4 net income $318M; guides 2023 EBITDA $3.5-3.7B","bullets":["Q4 2022 net income $318.0M (vs $(313.6)M in Q4 2021); adjusted EBITDA $840.4M (record, +47% YoY).","Full year 2022 adjusted EBITDA $2,901.1M (record), net income $1,195.5M, vs $2,052.0M and $71.2M in 2021.","Acquired Blackstone's 25% interest in Grand Prix NGL Pipeline for $1.05B cash; now owns 100%.","2023 guidance: adjusted EBITDA $3.5B-$3.7B (midpoint +24% vs 2022); net growth capex $1.8B-$1.9B; Permian inlet volumes +10% vs Q4 2022 avg.","Q4 2022 dividend $0.35/share ($1.40 annualized); repurchased 395,798 shares at $70.75 avg for $28.0M; $143.8M remaining under buyback."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-003561","json":"https://secwatch.observer/filing/0000950170-23-003561.json","markdown":"https://secwatch.observer/filing/0000950170-23-003561.md","text":"https://secwatch.observer/filing/0000950170-23-003561.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1389170/000095017023003561/0000950170-23-003561-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1389170/000095017023003561/trgp-20230222.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T04:31:07.308943+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1693b3d8af5cdd873637e8625dc8fe03666739d5","claim":"Targa Resources Corp. reported the fourth quarter of 2022 results: net income $318.0 million.","evidence_excerpt":"Fourth quarter 2022 net income (loss) attributable to Targa Resources Corp. was $318.0 million compared to $(313.6) million (including a non-cash pre-tax impairment loss of $452.3 million on assets in SouthTX associated with Targa's Central operations) for the fourth quarter of 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1389170/000095017023003561/0000950170-23-003561-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of 2022"},{"label":"Net income","value":"$318.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"3b566953cd5e8d517e0b8264856a7e36f60517eb","claim":"Targa Resources Corp. reported the full year 2022 results: net income $1,195.5 million.","evidence_excerpt":"For full year 2022, net income attributable to Targa Resources Corp. was a record $1,195.5 million compared to $71.2 million for 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1389170/000095017023003561/0000950170-23-003561-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year 2022"},{"label":"Net income","value":"$1,195.5 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}