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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Total revenues $ 4,562.4 $ 4,520.5 Close
Costs and expenses:     Close
Product purchases and fuel 3,218.0 3,019.0 Close
Operating expenses 278.0 258.2 Close
Depreciation and amortization expense 340.5 324.8 Close
General and administrative expense 86.5 82.4 Close
Other operating (income) expense   (0.6) CloseClose
Total Operating Expenses 3923.0 3683.8 0 0 0 Close
Income (loss) from operations 639.4 836.7 Close
Other income (expense):     Close
Interest expense, net (228.6) (168.0) Close
Equity earnings (loss) 2.8 (0.2) Close
Total Other Income Expenses -224.1 -171.2 0 0 0 Close
Other, net 1.7 (3.0) CloseClose
Income (loss) before income taxes 415.3 665.5 Close
Income tax (expense) benefit (82.7) (110.3) Close
Net income (loss) 332.6 555.2 Close
Less: Net income (loss) attributable to noncontrolling interests 57.4 58.2
Net income (loss) attributable to Targa Resources Corp. 275.2 497.0
Premium on repurchase of noncontrolling interests, net of tax [1]   490.7
Net income (loss) attributable to common shareholders $ 275.2 $ 6.3
Net income (loss) per common share - basic $ 1.23 $ 0.03
Net income (loss) per common share - diluted $ 1.22 $ 0.03
Weighted average shares outstanding - basic 222.8 226.4
Weighted average shares outstanding - diluted 223.7 229.3
Sales of Commodities [Member]    
Revenues:    
Total revenues $ 3,953.0 $ 4,025.0
Fees from Midstream Services [Member]    
Revenues:    
Total revenues $ 609.4 $ 495.5
[1] Represents premium paid on the Grand Prix Transaction. See Note 4 – Acquisitions.