TRGPTarga Resources
Targa Resources Corp. (NYSE: TRGP) is a publicly traded Delaware corporation formed in October 2005. 10-K, Item 1
- Employees
- 3,570
- Headquarters
- Houston, TX
- CEO
- Matthew J. Meloy
- Next results
- around Feb 18, 2027
5 paragraphs in Risk Factors of the 10-K filed Feb 19, 2026 with nothing like them in the 10-K filed Feb 20, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 19 Energy companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.
•the failure to realize expected volumes, revenues, profitability or growth or any expected synergies and cost savings;
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Based on our current interpretation of the IRA, the CAMT and related guidance, the impact from the OBBBA, and several operational, economic, accounting and regulatory assumptions, we do not anticipate paying CAMT in the near term.
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•sell or transfer substantially all of our assets or certain accounts receivables of Targa Receivables LLC;
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Various states and groups of states have also adopted or are considering adopting legislation, regulations or other regulatory initiatives that are focused on areas of coverage similar to what the federal government has or may consider, including GHG cap and trade programs, carbon taxes, reporting and tracking programs, and restriction of emissions.
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Our operations are subject to numerous federal, tribal, state and local environmental laws and regulations governing occupational health and safety, the discharge of pollutants into the environment or otherwise relating to environmental protection. These laws and regulations may impose numerous obligations that are applicable to our operations enforced by various governmental authorities, such as the EPA and BLM, and analogous state agencies. For more information regarding the regulation of our operations, see “Item 1. Business—Regulation of Operations, Environmental and Occupational Health and Safety Matters.”
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New in the latest 10-Q
12 paragraphs in the 10-Q filed Nov 5, 2026 with nothing like them in the 10-Q filed Aug 6, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
10-Q
• the timing and success of business development efforts, including the Company’s realization of the expected benefits of long-term commercial agreements;
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Financial statements and notes
Represents the transfer of an undivided interest in certain gas gathering and processing facilities to a joint owner upon Targa's recovery of a specified payout amount for our initial full funding of the facilities.
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In August 2026, we entered into long-term fee-based agreements with subsidiaries of ExxonMobil for integrated natural gas gathering and processing and downstream services in the Permian Basin. These agreements meaningfully add to and extend our strategic relationship with ExxonMobil with significant acreage dedications in the Delaware and Midland basins under 20-year agreements.
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Three Months Ended September 30, 2026 Compared to Three Months Ended September 30, 2025
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Other, net, primarily includes the change in fair value of a contingent consideration liability related to the Dovetail Acquisition in the fourth quarter of 2025. See “Note 4 - Acquisitions and Joint Ventures” and “Note 12 - Fair Value Measurements” for further details on the Dovetail Acquisition.
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Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025
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Other, net, primarily includes the change in fair value of a contingent consideration liability related to the Dovetail Acquisition in the fourth quarter of 2025. See “Note 4 - Acquisitions and Joint Ventures” and “Note 12 - Fair Value Measurements” for further details on the Dovetail Acquisition.
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Three Months Ended September 30, 2026 Compared to Three Months Ended September 30, 2025
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Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025
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Three Months Ended September 30, 2026 Compared to Three Months Ended September 30, 2025
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Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025
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Item 6
10.2+* Retirement, Transition, Separation and General Release Agreement by and between William A. Byers and Targa Resources Corp., dated as of August 24, 2026.
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The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Nov 5, 2026 against Item 1A of the 10-K filed Feb 19, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted and underlined).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:
Read in the 10-Q ↗
For an in-depth discussion of our risk factors, see “Part I - Item 1A. Risk Factors” of our Annual Report. All of these risks and uncertainties could adversely affect our business, financial condition and/or results of operations.
1 paragraph in the 10-Q's Item 1A, and none of them adds, rewords or quietly edits a paragraph of the 10-K's.
Work on TRGP in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/TRGP/export.csv") into a cell.