{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-174913","form_type":"8-K","ticker":"TRGP","cik":"0001389170","company_name":"Targa Resources Corp.","filed_at":"2025-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.871412+00:00","generated_at":"2026-05-17T17:18:02.065232+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Targa Q2 adj. EBITDA $1.16B (+18% YoY); new $1B buyback authorized","bullets":["Q2 net income $629.1M (vs $298.5M); adj. EBITDA $1,163M, +18% YoY.","Record Permian and NGL transport volumes; adj. EBITDA flat sequentially despite fractionation turnaround.","New $1.0B share repurchase program authorized (Aug 2025); adds to $566.2M remaining from prior program.","FY2025 adj. EBITDA guidance $4.65B-$4.85B; growth capex estimate raised to ~$3.0B on project accelerations.","Quarterly dividend $1.00/share payable Aug 15; Q2 repurchases $324M at $165.86 avg price."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-174913","json":"https://secwatch.observer/filing/0001193125-25-174913.json","markdown":"https://secwatch.observer/filing/0001193125-25-174913.md","text":"https://secwatch.observer/filing/0001193125-25-174913.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1389170/000119312525174913/0001193125-25-174913-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1389170/000119312525174913/trgp-20250807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T17:18:02.065232+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"}