{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-051550","form_type":"8-K","ticker":"TRGP","cik":"0001389170","company_name":"Targa Resources Corp.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.195889+00:00","generated_at":"2026-06-03T00:14:42.623232+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Targa Q1 adjusted EBITDA record $966.2M; dividend raised 50%; guides FY $3.7-3.9B","bullets":["Net income $275.2M vs $497.0M YoY; record adj. EBITDA $966.2M (up 2.7% YoY).","Quarterly dividend raised 50% to $0.75/share ($3.00 annualized); payable May 15.","Repurchased $123.7M of stock in Q1 at avg $104.26/share; $646.4M remaining.","Announced new 275 MMcf/d Permian Midland plant (Pembrook II) and 150 MBbl/d Train 11 frac.","FY 2024 adjusted EBITDA guidance unchanged $3.7-3.9B; growth capex $2.3-2.5B."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-051550","json":"https://secwatch.observer/filing/0000950170-24-051550.json","markdown":"https://secwatch.observer/filing/0000950170-24-051550.md","text":"https://secwatch.observer/filing/0000950170-24-051550.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1389170/000095017024051550/0000950170-24-051550-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1389170/000095017024051550/trgp-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:14:42.623232+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":"5d16e60986712d26682e31c74d2350fd963e814b","claim":"Targa Resources Corp. reported first quarter 2024 results: net income $275.2 million. Guidance reaffirmed.","evidence_excerpt":"First quarter 2024 net income attributable to Targa Resources Corp. was $275.2 million compared to $497.0 million for the first quarter of 2023. The Company reported record adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items (“adjusted EBITDA”) (1) of $966.2 million for the first quarter of 2024 compared to $940.6 million for the first quarter of 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1389170/000095017024051550/0000950170-24-051550-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2024"},{"label":"Net income","value":"$275.2 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"}