{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-061423","form_type":"8-K","ticker":"TRGP","cik":"0001389170","company_name":"Targa Resources Corp.","filed_at":"2025-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.139826+00:00","generated_at":"2026-05-23T00:04:15.351824+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Targa posts record Q1 adjusted EBITDA of $1.18B, up 22% YoY; dividend increased 33%","bullets":["Record Q1 adjusted EBITDA $1,178.5M vs $966.2M YoY (+22%); net income $270.5M vs $275.2M.","Annualized dividend raised 33% to $4.00/sh; Q1 dividend $1.00/sh payable May 15, 2025.","Repurchased $214M in common shares through April; $890.5M remaining under buyback program.","FY2025 adjusted EBITDA guidance unchanged at $4.65B-$4.85B; net growth capex $2.6B-$2.8B.","Issued $2.0B in senior notes (5.55% due 2035, 6.125% due 2055) to fund Badlands buyout and general purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-061423","json":"https://secwatch.observer/filing/0000950170-25-061423.json","markdown":"https://secwatch.observer/filing/0000950170-25-061423.md","text":"https://secwatch.observer/filing/0000950170-25-061423.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1389170/000095017025061423/0000950170-25-061423-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1389170/000095017025061423/trgp-20250501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T00:04:15.351824+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}