{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-015593","form_type":"8-K","ticker":"TRGP","cik":"0001389170","company_name":"Targa Resources Corp.","filed_at":"2024-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.023622+00:00","generated_at":"2026-06-06T00:58:39.976111+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Targa Reports Record 2023 Adj. EBITDA $3.53B; Guides 2024 $3.7-3.9B, Dividend to $3.00","bullets":["Net income Q4 $299.6M (vs $318M); full year net income record $1,345.9M (vs $1,195.5M).","Full year adj. EBITDA $3,530M (+22% YoY); Q4 adj. EBITDA $959.9M (+14% sequentially).","Record 2023 share repurchases $373.7M; repurchase authorization remaining $770.1M.","Recommending dividend increase to $3.00/share annualized (from $2.00), payable Q1 2024 in May.","2024 adj. EBITDA guidance $3.7-3.9B; 2025 net growth capex ~$1.4B, expecting significant free cash flow."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-015593","json":"https://secwatch.observer/filing/0000950170-24-015593.json","markdown":"https://secwatch.observer/filing/0000950170-24-015593.md","text":"https://secwatch.observer/filing/0000950170-24-015593.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1389170/000095017024015593/0000950170-24-015593-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1389170/000095017024015593/trgp-20240215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T00:58:39.976111+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":"a6e22d30509d97daa9d59ca07632a255babb625c","claim":"Targa Resources Corp. reported fourth quarter and full year 2023 results: net income Fourth quarter 2023 net income attributable to Targa Resources Corp. was $299.6 million compared to $318.0 million for t. Guidance initiated.","evidence_excerpt":"Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported fourth quarter and full year 2023 results. Fourth quarter 2023 net income attributable to Targa Resources Corp. was $299.6 million compared to $318.0 million for the fourth quarter of 2022. For full year 2023, net income attributable to Targa Resources Corp. was a record $1,345.9 million compared to $1,195.5 million for 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1389170/000095017024015593/0000950170-24-015593-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full year 2023"},{"label":"Net income","value":"Fourth quarter 2023 net income attributable to Targa Resources Corp. was $299.6 million compared to $318.0 million for t"},{"label":"Guidance","value":"initiated"},{"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"}