{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-017422","form_type":"8-K","ticker":"TRGP","cik":"0001389170","company_name":"Targa Resources Corp.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.670416+00:00","generated_at":"2026-06-15T21:24:05.751229+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Targa Q1 adj EBITDA $941M (up 50% YoY); $1.0B buyback authorized","bullets":["Net income $497M vs $88M YoY; adj EBITDA $940.6M vs $625.8M.","Quarterly dividend raised to $0.50/share ($2.00 annual); paid May 15.","Board authorized new $1.0B share repurchase program; Q1 bought $52M at $71.82.","2023 adj EBITDA guidance unchanged at $3.5-3.7B; growth capex raised to $2.0-2.2B.","New Train 10 fractionator in Mont Belvieu announced; expected ops Q1 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-017422","json":"https://secwatch.observer/filing/0000950170-23-017422.json","markdown":"https://secwatch.observer/filing/0000950170-23-017422.md","text":"https://secwatch.observer/filing/0000950170-23-017422.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1389170/000095017023017422/0000950170-23-017422-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1389170/000095017023017422/trgp-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T21:24:05.751229+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":"ca641f529252051021000de6307c442641a612b7","claim":"Targa Resources Corp. reported first quarter 2023 results: net income $497.0 million. Guidance reaffirmed.","evidence_excerpt":"Targa Resources Corp. Reports First Quarter 2023 Financial Results HOUSTON – May 4, 2023 - Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported first quarter 2023 results. First quarter 2023 net income attributable to Targa Resources Corp. was $497.0 million compared to $88.0 million for the first quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1389170/000095017023017422/0000950170-23-017422-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Net income","value":"$497.0 million"},{"label":"Guidance","value":"reaffirmed"},{"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"}