{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-265621","form_type":"8-K","ticker":"TRGP","cik":"0001389170","company_name":"Targa Resources Corp.","filed_at":"2025-11-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.285530+00:00","generated_at":"2026-05-17T00:13:27.033965+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 Q3 adjusted EBITDA record $1.27B, up 19% YoY; plans 25% dividend increase for 2026","bullets":["Q3 net income $478.4M vs $387.4M YoY; adjusted EBITDA $1,274.8M record (+19% YoY, +10% sequential).","Record Permian natural gas inlet, NGL transport, and fractionation volumes; new Bull Moose II plant (275 MMcf/d) started Oct 2025.","FY2025 adj EBITDA guidance to top end of $4.65-4.85B range; net growth capex ~$3.3B, maintenance ~$250M.","Expects to recommend 25% dividend increase to $5.00 annual in 2026; Q3 dividend $1.00/share payable Nov 17.","New projects: Speedway NGL Pipeline (2027), Yeti plant (3Q27), Copperhead plant (1Q27), Forza pipeline (mid-2028)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-265621","json":"https://secwatch.observer/filing/0001193125-25-265621.json","markdown":"https://secwatch.observer/filing/0001193125-25-265621.md","text":"https://secwatch.observer/filing/0001193125-25-265621.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1389170/000119312525265621/0001193125-25-265621-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1389170/000119312525265621/trgp-20251105.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:13:27.033965+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"}