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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!NO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
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Targa Resources Corp.
S1/A
11/22/2010NO TITLE David P. Oelman Douglass M. Rayburn
Christopher S. Collins
Baker Botts L.L.P.Vinson ? Elkins LLP2001 Ross Avenue&1001 Fannin Street, Suite 2500Dallas, Texas 75201
Houston, Texas 77002
(214) 9536500(713) 7582222$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,tP
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Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }2}$
Targa Resources Corp.
S1/A
11/22/2010NO TITLE Per Share
Total
Price to the public~
~
2*Underwriting discounts and commissions (1)~
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$Proceeds to the selling stockholders
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*htGI=1 =PF0*8X>
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NO TITLENO TITLE (1)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }:}$ }}$
/
Targa Resources Corp.
S1/A
11/22/2010NO TITLE Page
Summary~
Risk Factors~
^
Use of Proceeds
~
Capitalization~
Our Dividend Policy~
3+Selected Historical Financial and Operating~
.Data,$Management?s Discussion and Analysis~
680of Financial Condition and Results of OperationsOur Industry~
Our Business~
/'Business of Targa Resources Partners LP~
Management~
>4,Security Ownership of Management and Selling~
Stockholders6.Certain Relationships and Related Transactions~
( Description of Our Capital Stock~
2*The Partnership?s Cash Distribution Policy~
0(Material Provisions of the Partnership?s~
Partnership Agreement'Shares Eligible for Future Sale~
6D lt8u("t*{3E !"#$%&'()*+,.5 Material U.S. Federal Income Tax Consequences ~
> !to NonU.S. Holders,"$Underwriting (Conflicts of Interest)""~
"J"#
Legal Matters##~
#n#$Experts$$~
$n$+%#Where You Can Find More Information%%~
%n%"&ForwardLooking Statements&&~
&n&%'Index to Financial Statements'''F1'(%Appendix A?Glossary of Selected Terms(((A1()
EX23.1*+$,____________________________1)Created by Morningstar Document Research.0.(http://documentresearch.morningstar.com/"v#o=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}6
Targa Resources Corp.
S1/A
11/22/2010kcAs used in this prospectus, unless we indicate otherwise: (1) #147;our,#148; #147;we,#148; #147;us, ?5 2% of all cash distributed in a quarter until
/
'$0.3881 has been distributed in respect2*of each common unit of the Partnership for
that quarter;
?0(15% of all cash distributed in a quarter5after $0.3881 has been distributed in respect2*of each common unit of the Partnership for
that quarter; ?0(25% of all cash distributed in a quarter5after $0.4219 has been distributed in respect2*of each common unit of the Partnership forthat quarter; and$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<V=1%X
/WwkC=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}:
0
Targa Resources Corp.
S1/A
11/22/2010kcAs used in this prospectus, unless we indicate otherwise: (1) #147;our,#148; #147;we,#148; #147;us, ?7 /Cedar Bayou Fractionator expansion project: The

%Partnership is currently constructing%approximately 78 MBbl/d of additional3+fractionation capacity at the Partnership?s
2
*88% owned Cedar Bayou Fractionator (?CBF?)3+in Mont Belvieu for an estimated gross costof $78 million. ?/'Benzene treating project: A new treater0(is under construction which will operate%in conjunction with the Partnership?s5existing low sulfur natural gasoline (?LSNG?)0(facility at Mont Belvieu and is designed5to reduce benzene content of natural gasoline1)to meet new, more stringent environmental/'standards. The treater has an estimated0(gross cost of approximately $33 million. ?7/Gulf Coast Fractionators expansion project: The/'Partnership has announced plans by Gulf2*Coast Fractionators (?GCF?), a partnership80with ConocoPhillips and Devon Energy Corporation7/in which the Partnership owns a 38.8% interest,D l=1%Xr#Lf}1%8 !"#$%&'()*+,./ 7 /to expand the capacity of its NGL fractionation!!1!)facility in Mont Belvieu by 43 MBbl/d for""/"'an estimated gross cost of $75 million.#$ $?/$'SAOU Expansion Program: The Partnership%%7%/has announced a $30 million capital expenditure&&4&,program including new compression facilities''0'(and pipelines as well as expenditures to((/('restart the 25 MMcf/d Conger processing))1))plant in response to strong volume growth***and new well connects.+,$____________________________1.)Created by Morningstar Document Research.0/(http://documentresearch.morningstar.com/$,` j6=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}=
*
Targa Resources Corp.
S1/A
11/22/2010kcAs used in this prospectus, unless we indicate otherwise: (1) #147;our,#148; #147;we,#148; #147;us, ?; 3The Partnership is one of the largest fractionators
)
!of NGLs in the Gulf Coast region. ?2*The Partnership?s gathering and processing
,
$businesses are predominantly located1)in active and growth oriented oil and gasproducing basins. ?0(The Partnership provides a comprehensive5package of services to natural gas producers. ?2*The Partnership?s gathering and processing/'systems and logistics assets consist of%highquality, well maintained assets,4,resulting in low cost, efficient operations. ?/'The Partnership maintains gathering and%processing positions in strategic oil/'and gas producing areas across multiple5basins and provides services under attractive5contract terms to a diverse mix of customers. ?,$Maintaining appropriate leverage andD l=1%XLh3'}.J>^
!"#$%&'() 3 +distribution coverage levels and mitigating!!8!0commodity price volatility allow the Partnership""1")to be flexible in its growth strategy and##2#*enable it to pursue strategic acquisitions$$"$and large growth projects.%&$'____________________________1()Created by Morningstar Document Research.0)(http://documentresearch.morningstar.com/]xlD=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}>
1
Targa Resources Corp.
S1/A
11/22/2010kcAs used in this prospectus, unless we indicate otherwise: (1) #147;our,#148; #147;we,#148; #147;us, ?3 +The Partnership?s longterm success depends
8
0on its ability to obtain new sources of supplies1)of natural gas and NGLs, which depends on/'certain factors beyond its control. Any
3
+decrease in supplies of natural gas or NGLs0(could adversely affect the Partnership?s'business and operating results. ?5If the Partnership does not make acquisitions4,or investments in new assets on economically7/acceptable terms or efficiently and effectively7/integrate new assets, its results of operations2*and financial condition could be adversely affected. ?1)The Partnership is subject to regulatory,4,environmental, political, legal and economic/'risks, which could adversely affect its6.results of operations and financial condition. ?2*The Partnership?s growth strategy requires0(access to new capital. Tightened capital7/markets or increased competition for investmentD l=1%Qj}9bj !"#$%&'()*+,./0 . &opportunities could impair its ability!!!to grow."# #?,#$The Partnership?s hedging activities$$8$0may not be effective in reducing the variability%%<%4of its cash flows and may, in certain circumstances,&&3&+increase the variability of its cash flows.'( (?9(1The Partnership?s industry is highly competitive,))0)(and increased competitive pressure could**3*+adversely affect the Partnership?s business+++and operating results.,$.____________________________1/)Created by Morningstar Document Research.00(http://documentresearch.morningstar.com/&@~5:.==PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}y<
Targa Resources Corp.
S1/A
11/22/2010kcAs used in this prospectus, unless we indicate otherwise: (1) #147;our,#148; #147;we,#148; #147;us, ?: 2Our public stockholders will own 13,750,000 shares
7
/of common stock, representing a 32.5% ownershipinterest in us.
?4
,We will indirectly own 100% of the ownership.&interest in the General Partner, which0(will own the 2% general partner interest7/in the Partnership and all of the Partnership?s
IDRs. ?0(We will indirectly own 11,645,659 of the,$Partnership?s 75,545,409 outstanding2*common units, representing a 15.1% limited,$partner interest in the Partnership.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<g=1%Kq%PrfZ2=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }}$ }=
A
Targa Resources Corp.
S1/A
11/22/2010"Following this Offering(1) Use of proceeds 2 *We will not receive any proceeds from this
offering.Dividend policy0(We intend to pay to our stockholders, on
1
)a quarterly basis, dividends equal to the;3cash we receive from our Partnership distributions,4,less reserves for expenses, future dividends*"and other uses of cash, including:5? federal income taxes, which we are required5to pay because we are taxed as a corporation;1)? the expenses of being a public company;4,? other general and administrative expenses;2*? reserves our board of directors believes prudent to maintain; and2*? capital contributions to the Partnership91upon the issuance by it of additional partnership/'securities if we choose to maintain the&General Partner?s 2% interest.Dlznb>MYeYVk !"#$%&'()*+,./0123456789:;<=>? ! Dividends!0!(Based on the current distribution policy""0"(of the Partnership, our expected federal##2#*income tax liabilities, our expected level$$1$)of other expenses and reserves, we expect%%0%(that our initial quarterly dividend rate&&3&+will be $0.2575 per share. We expect to pay''2'*a prorated dividend for the portion of the((1()fourth quarter of 2010 that we are public)))in February 2011.*++8+0However, we cannot assure you that any dividends,,4,,will be declared or paid by us. Based on the%distributions paid by the Partnership..6..to its unitholders for each of the immediately//./&preceding four quarters, we believe we00901would have been able to pay the initial quarterly1101(dividend to our shareholders for each of2202(the immediately preceding four quarters.33931We expect that we will be able to pay the initial44/4'quarterly dividend for the three months5505(ending December 31, 2010 and each of the6656four quarters in the year ending December 31,7707(2011. Please read ?Our Dividend Policy.?89Tax9991For a discussion of the material tax consequences::8:0that may be relevant to prospective stockholders;; ;who are nonU.S. holders<=$>____________________________1?)Created by Morningstar Document Research.D
lSlMATcv+B6NB6@0@(http://documentresearch.morningstar.com/H=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$}$ }U5
Targa Resources Corp.
S1/A
11/22/2010"Following this Offering(1) 1 )(as defined below), please read ?Material
/
'U.S. Federal Income Tax Consequences toNonU.S. Holders.?
Risk factors
.
&You should carefully read and consider/'the information beginning on page 23 of3+this prospectus set forth under the heading0(?Risk Factors? and all other information4,set forth in this prospectus before deciding&to invest in our common stock.&New York Stock Exchange symbolTRGP$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8mznb>pdt(D8,=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}I;
Targa Resources Corp.
S1/A
11/22/2010"Following this Offering(1) ? %common unitholders of the Partnership
2
*have a priority over the IDRs with respect)!to the Partnership distributions;
?/
'we participate in the General Partner?s91distributions and IDRs and the common unitholdersdo not; ?5we and our stockholders are taxed differently80from the Partnership and its common unitholders;and ?3+we may enter into other businesses separate0(and apart from the Partnership or any ofits affiliates.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>0znb>aU }+T=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }!}$ }I;}$ }y<
Targa Resources Corp.
S1/A
11/22/2010"Following this Offering(1) " Partnership?s Common Units
Our Shares
#Distributions and Dividends1)The Partnership pays its limited partners91We intend to pay our stockholders, on a quarterly7/and the General Partner quarterly distributions:2basis, dividends equal to the cash the Partnership
9
1equal to all of the available cash from operating
0
(distributes to us based on our ownership5surplus. The General Partner has a 2% general.&of Partnership interests, less federalpartner interest.2*income taxes, which we are required to pay2*because we are taxed as a corporation, the%Common unitholders do not participate1)expenses of being a public company, other3+in the distributions to the General Partner,$general and administrative expenses,or in the IDRs.0(capital contributions to the Partnership91upon the issuance by it of additional Partnership/'securities if we choose to maintain the2*General Partner?s 2% interest and reserves.&established by our board of directors.5We receive distributions from the Partnership4,with respect to our 11,645,659 common units.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/Dlznb& lHkVvK>2&=PF0*8X>
@
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }}$ }:}$ }I;
)
Targa Resources Corp.
S1/A
11/22/2010"Following this Offering(1) " Partnership?s Common Units
Our Shares
.&Whenever the Partnership issues equity/'securities to any person other than the
/
'General Partner and its affiliates, the.&General Partner has a preemptive right2*to purchase additional limited partnership80interests on the same terms in order to maintain its percentage interest.Liquidation.&The Partnership will dissolve upon any3+We will dissolve upon any of the following:of the following:0(? the election of the general partner to7/? the entry of a decree of judicial dissolution%dissolve the Partnership, if approved of us; or3+by the holders of units representing a unit majority;91? the approval of at least 67% of our outstanding
common stock.1)? there being no limited partners, unless80the Partnership is continued without dissolution.&in accordance with applicable Delawarelaw;7/? the entry of a decree of judicial dissolution1)of the Partnership pursuant to applicableD
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x*^n![ !"#$%&'( Delaware law; or!!2!*? the withdrawal or removal of the General!!""/"'Partner or any other event that results##0#(in its ceasing to be the general partner$$____________________________1%)Created by Morningstar Document Research.0&(http://documentresearch.morningstar.com/''3'+or withdrawal or removal following approval((%(and admission of a successor.fr>=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}y<
Targa Resources Corp.
S1/A
11/22/2010"Following this Offering(1) ?. &consideration to us of $175.6 million,
?:2the borrowing by the Partnership of $175.6 million1)under its senior secured revolving credit
facility, and ?6.our prepayment of the remaining $149.4 million0(balance of our senior secured term loan;$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0znb>Cg[O'=PF0*8X>
@
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}y<
Targa Resources Corp.
S1/A
11/22/2010"Following this Offering(1) ?. &consideration to us of $247.2 million,
/
'including 89,813 common units and 1,833general partner units,
?:
2the borrowing by the Partnership of $244.7 million1)under its senior secured revolving credit
facility, and ?5our prepayment of $91.3 million of our seniorsecured term loan;$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4znb>nb/=PF0*8X>
@
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}7
&
Targa Resources Corp.
S1/A
11/22/2010"Following this Offering(1) ?. &the Partnership?s August 2010 issuance
6
.of $250 million of 7 7 / 8 % senior securednotes due October 2018;
?5
the Partnership?s August 2010 public offering"of 7,475,000 common units; ?/'the Partnership?s entry into an amended0(and restated $1.1 billion senior secured%credit facility in July 2010; ?1)the April 2010 sale of the Permian Assets/'and Coastal Straddles and the September/'2009 sale of the Downstream Business to5the Partnership along with related financingsand debt prepayments; ?2*our secondary public offering of 8,500,0000(common units of the Partnership in April 2010; and ?6.our January 2010 entry into a new $600 million2*senior secured credit facility and relatedDlznb>fZr&@k_ !"#$% refinancing.!"$#____________________________1$)Created by Morningstar Document Research.0%(http://documentresearch.morningstar.com/Qd=PF0*8X>
@%%$$##
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Following this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }:}$ }
}$ }
}
$ }
}$ }
}$ }
}$ }
}$ }
}$
4
Targa Resources Corp.
S1/A
11/22/2010Income Statement
# Consolidated Historical for Pro Forma
Targa Resources Corp.Targa Resources Corp.
YearNine Months
For the Years
For the Nine Months
Ended
Ended
Ended December 31,
Ended September 30,December 31,
September 30,~
^~
b ~
f
~
f~
j~
f~
j0((In millions, except operating and price
data),$Consolidated Statement of Operations
Data :Revenues (1)33333@ffff>@ ~
F
~
&1~
=~
F~
=Costs and expenses:
Product purchases}@2@
33333@
́@33333w@33333@33333w@Operating expenses33333n@333333q@
~
ffffff@g@~
g@.&Depreciation and amortization expenses33333b@d@
Ie@
_@a@Ie@a@+#General and administrative expenses33333X@X@
^@
fffffT@~
F33333`@33333sV@
Other*@
~
?ٿ~
ٿ
Total costs and expensesffffh@fffffT@
ް@
̙@@@@DlxlP')Q(`Zy !"#$%&'()*+,./0123
!Income from operations!!!̄q@!!!!Pm@!! !
!fffff&k@!!
!!fffff_@!!!!Pb@!!!!i@!!!!fffff6a@!"Other income (expense):""""""""" "
"""
"""""""""""""""#Interest expense, net###Id####fffffa## #
#33333`##
##33333Y####T####fffff`####fffffS#8$0Equity in earnings of unconsolidated investments$$$333333$@$$$~
$:$$ $
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$$$$$ffffff@$'%Gain (loss) on debt repurchases%% %?%%%%9@%% %
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%%%%%%ffffff1%%%%%%%%ffffff1%0&(Gain (loss) on early debt extinguishment&& &?&&&&@&& &
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'?''
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)))
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*33333X@**
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**+Income tax expense:+++fffff7++++L3++ +
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++ffffff++++2++++6++++fffff2+,,,,,,,,,, ,
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income Statement
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }y<}$ } }$ } }
$ } }$ } }$ } }$ }
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)
Targa Resources Corp.
S1/A
11/22/2010"Following this Offering(1)
# Consolidated Historical for Pro Forma
Targa Resources Corp.Targa Resources Corp.
YearNine Months
For the Years
For the Nine Months
Ended
Ended
Ended December 31,
Ended September 30,December 31,
September 30,~
^~
b ~
f
~
f~
j~
f~
j0((In millions, except operating and price
data)80Less: Net income attributable to non controllingH@fffffFX@
fffffH@
333331@G@yY@fffffR@interest
/'Net income (loss) attributable to TargaL@fffffB@
L=@
~
6333333@~
bResources Corp.%Dividends on Series B preferred stock?0
1
ffffff* ? ?+#Undistributed earnings attributable84
'
? ? ? ?%to preferred shareholders (2)+#Distributions to common equivalents ? ?
?
?9f ? ?
:2Net income (loss) available to common shareholders
$?
$?
$?
ɿ,h333333@~
bDlznbFG\HG,B !"#$%&'(
.!&Net income (loss) available per common!
!$?!!
!$?!!
!
$?!!
!Q!!!(\5!!!p=
ף!!!ffffff!"share?basic and diluted########## #
###
###############$%$&____________________________1')Created by Morningstar Document Research.0((http://documentresearch.morningstar.com/X5=PF0*8X>
@B(((''&&!!!!!!
!!!!!!!!
l 6I/
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)NO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }1}$ }
}$ }
}
$ }
}$ }
}$ }
}$ }
}$
6
Targa Resources Corp.
S1/A
11/22/2010
Balance Sheet
# Consolidated Historical for Pro Forma
Targa Resources Corp.Targa Resources Corp.
YearNine Months
For the Years
For the Nine Months
Ended
Ended
Ended December 31,
Ended September 30,December 31,
September 30,~
^~
b ~
f
~
f~
j~
f~
j0((In millions, except operating and price
data)Financial data:
Gross margin (3)@33333c@
33333G@
@@33333S@Operating margin (4)d@33333@
fffff@
fffffu@~
Operating data:
1)Plant natural gas inlet, MMcf/d (5),(6)33333@ٜ@
@
fffffc@@$Gross NGL production, MBbl/dfffffZ@yY@
33333]@
fffffF]@333333^@%Natural gas sales, Bbtu/d (6)t@̠@
33333@
33333s@333333@NGL sales, MBbl/dt@fffffq@
33333{q@
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Condensate sales, MBbl/d333333@ffffff@
@
333333@@
%Average realized prices (7) :
Dl{oS*,T+fq8 !"#$%&'()*+,./012345 Natural gas, $/MMBtu =
ףp=@ ffffff @
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NGL, $/gal!!!zG?!!!!Gz?!! !
!HzG?!!
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###
###############+$#Balance Sheet Data (at period end):$$$$$$$$$ $
$$$
$$$$$$$$$$$$$$$)%!Property plant and equipment, net%%33333@%%%r@%% %
33333@%%
%@%%%}@%%%%%%%}@%&Total assets&&&33333@&&&&s@&& &
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&6&&&&&&&&©@&/''Longterm debt, less current maturities'''33333/@''''@'' '
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((r@((((333333X@((((((( (?( )Series B preferred stock*Total owners? equity***@***~
*** *
*33333@**
**33333@****fffff@********33333@*++++++++++ +
+++
+++++++++++++++,Cash Flow Data:,,,,,,,,, ,
,,,
,,,,,,,,,,,,,,,'Net cash provided by (used in): 

.Operating activities..33333g@...33333kx@.. .
t@..
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........../Investing activities///W////fffffi// /
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//YI////33333sT/////////0Financing activities000M0000?00 0
0fffff.x00
00qt0000R@00000000012$3____________________________14)Created by Morningstar Document Research.05(http://documentresearch.morningstar.com/0 *Ck@}&]A5)=PF0*8X>
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....%%%%%%
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l 2_e
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!
NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance Sheet!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }U}$ }I;
2
Targa Resources Corp.
S1/A
11/22/2010NO TITLE~
0 (Includes business interruption insurance
1
)revenues of $3.0 million and $7.9 million/'for the nine months ended September 30,6.2010 and 2009 and $21.5 million, $32.9 million
9
1and $7.3 million for the years ended December 31,2009, 2008, and 2007.~
7/Based on the terms of the preferred convertible4,stock, undistributed earnings of the Company2*are allocated to the preferred stock until.&the carrying value has been recovered.~
4,Gross margin is a nonGAAP financial measure7/and is discussed under ?Management?s Discussion/'and Analysis of Financial Condition and%Results of Operations?How We EvaluateOur Operations.?~
0(Operating margin is a nonGAAP financial4,measure and is discussed under ?Management?s6.Discussion and Analysis of Financial Condition1)and Results of Operations?How We EvaluateOur Operations.?DM ltPj~)AxV !"#$%&'()*+,./01 ~
!!.!&Plant natural gas inlet represents the""1")volume of natural gas passing through the##3#+meter located at the inlet of a natural gas$$$processing plant.%~
&&/&'Plant natural gas inlet volumes include'','$producer takeinkind, while natural((/('gas sales exclude producer takeinkind)))volumes.*~
++2+*Average realized prices include the impact,,,of hedging activities..$/____________________________10)Created by Morningstar Document Research.01(http://documentresearch.morningstar.com/(T[~6c)=PF0*8X>
@1100//
l 40/
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!
NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}8
4
Targa Resources Corp.
S1/A
11/22/2010h`Our cash flow is dependent upon the ability of the Partnership to make cash distributions to us. ?5 our obligation to (i) satisfy tax obligations
0
(associated with previous sales of assets.&to the Partnership, (ii) reimburse the4,Partnership for certain capital expenditures
0
(related to Versado and (iii) provide the7/Partnership with limited quarterly distribution.&support through 2011, all as described2*in more detail in ?Management?s Discussion/'and Analysis of Financial Condition and3+Results of Operations?Liquidity and CapitalResources;? ?/'interest expense and principal payments%on any indebtedness we incur; ?/'restrictions on distributions contained2*in any existing or future debt agreements; ?0(our general and administrative expenses,4,including expenses we will incur as a result2*of being a public company as well as otheroperating expenses;D9 l@4(Zt!>h'u( !"#$%&'()*+,./0123 ?( expenses of the General Partner;!" "?"
income taxes;#$ $?0$(reserves we establish in order for us to%%0%(maintain our 2% general partner interest&&/&'in the Partnership upon the issuance of'','$additional partnership securities by(((the Partnership; and)* *?3*+reserves our board of directors establishes++/+'for the proper conduct of our business,,,6,.to comply with applicable law or any agreement7/binding on us or our subsidiaries or to provide..#.for future dividends by us./0$1____________________________12)Created by Morningstar Document Research.03(http://documentresearch.morningstar.com/,}q$E
fvjB=PF0*8X>
@332211
l "
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}8
Targa Resources Corp.
S1/A
11/22/2010h`Our cash flow is dependent upon the ability of the Partnership to make cash distributions to us. ?. &adversely affect our ability to obtain
2
*additional financing for future operationsor capital needs;
?0
(limit our ability to pursue acquisitions)!and other business opportunities; ?7/make our results of operations more susceptible7/to adverse economic or operating conditions; or ?+#limit our ability to pay dividends.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6@4(_*,ymE=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}>
Targa Resources Corp.
S1/A
11/22/2010_WIf we lose any of our named executive officers, our business may be adversely affected. ?. &we participate in the distributions on

%the General Partner?s general partner2*interest and IDRs in the Partnership while,$the Partnership?s common unitholders
do not; ?5we and our stockholders are taxed differently<4from the Partnership and its common unitholders; and ?3+we may enter into other businesses separate0(and apart from the Partnership or any ofits affiliates.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8I=1%mNN=PF0*8X>
@
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}U5
'
Targa Resources Corp.
S1/A
11/22/2010_WIf we lose any of our named executive officers, our business may be adversely affected. ?/ 'our and the Partnership?s operating and
financial performance; ?2*quarterly variations in the rate of growth
.
&of our and the Partnership?s financial1)indicators, such as net income per share, net income and revenues; ?0(changes in revenue or earnings estimates4,or publication of reports by equity research3+analysts relating to us or the Partnership; ?.&speculation in the press or investment
community; ?4,sales of our common stock by us, the selling.&stockholders or other stockholders, or1)the perception that such sales may occur; ?,$general market conditions, including%fluctuations in commodity prices; and ?,$domestic and international economic,DlI=1%{o MAUIs)> !"#$%& . &legal and regulatory factors unrelated!!!to our performance."#$$____________________________1%)Created by Morningstar Document Research.0&(http://documentresearch.morningstar.com/xsg?=PF0*8X>
@&&%%$$
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}>
'
Targa Resources Corp.
S1/A
11/22/2010_WIf we lose any of our named executive officers, our business may be adversely affected. ?1 )institute a more comprehensive compliance
function; ?0(design, establish, evaluate and maintain
1
)an additional system of internal controls.&over financial reporting in compliance/'with the requirements of Section 404 of6.the SarbanesOxley Act of 2002 and the related0(rules and regulations of the SEC and the2*Public Company Accounting Oversight Board; ?2*comply with rules promulgated by the NYSE; ?.&prepare and distribute periodic public2*reports in compliance with our obligations*"under the federal securities laws; ?%establish new internal policies, such0(as those relating to disclosure controls+#and procedures and insider trading; ?6.involve and retain to a greater degree outside<4counsel and accountants in the above activities; andD lI=1%zK_S_
w0$ !"#$%& ! !?0!(augment our investor relations function."#$$____________________________1%)Created by Morningstar Document Research.0&(http://documentresearch.morningstar.com/xg=PF0*8X>
@&&%%$$
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!
NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}7
Targa Resources Corp.
S1/A
11/22/2010_WIf we lose any of our named executive officers, our business may be adversely affected. ?0 (a classified board of directors, so that
5
only approximately onethird of our directorsare elected each year;
?4
,limitations on the removal of directors; and ?6.limitations on the ability of our stockholders.&to call special meetings and establish1)advance notice provisions for stockholder/'proposals and nominations for elections2*to the board of directors to be acted upon$at meetings of stockholders.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8I=1%c)m#==PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}:
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Targa Resources Corp.
S1/A
11/22/2010jbIn our amended and restated certificate of incorporation, we have renounced business opportunities ?6 .the Partnership?s ability to obtain additional
5
financing, if necessary, for working capital,%capital expenditures, acquisitions or80other purposes may be impaired or such financing
0
(may not be available on favorable terms; ?0(satisfying the Partnership?s obligations0(with respect to indebtedness may be more0(difficult and any failure to comply with/'the obligations of any debt instruments1)could result in an event of default under3+the agreements governing such indebtedness; ?3+the Partnership will need a portion of cash/'flow to make interest payments on debt,/'reducing the funds that would otherwise.&be available for operations and futurebusiness opportunities; ?.&the Partnership?s debt level will make3+it more vulnerable to competitive pressures4,or a downturn in its business or the economygenerally; andD l>2&R i]x5Ut !"#$%&'( ! !?.!&the Partnership?s debt level may limit""2"*flexibility in planning for, or responding##6#.to, changing business and economic conditions.$%$&____________________________1')Created by Morningstar Document Research.0((http://documentresearch.morningstar.com/T[ =PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}8
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Targa Resources Corp.
S1/A
11/22/2010jbIn our amended and restated certificate of incorporation, we have renounced business opportunities ?2 *incur or guarantee additional indebtedness
!
or issue preferred stock; ?.&pay dividends on its equity securities
2
*or redeem, repurchase or retire its equity0(securities or subordinated indebtedness; ?make investments; ?7/create restrictions on the payment of dividends5or other distributions to its equity holders; ?3+engage in transactions with its affiliates; ?0(sell assets, including equity securitiesof its subsidiaries; ?consolidate or merge; ?incur liens;$____________________________Dl>2&j^ym7+z*SG
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}6
Targa Resources Corp.
S1/A
11/22/2010jbIn our amended and restated certificate of incorporation, we have renounced business opportunities ? %prepay, redeem and repurchase certain
/
'debt, other than loans under the senior secured credit facility;
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make certain acquisitions; ?transfer assets; ?4,enter into sale and lease back transactions; ?"make capital expenditures; ?5amend debt and other material agreements; and ?,$change business activities conductedby it.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@D>2&a%<0>=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}7
$
Targa Resources Corp.
S1/A
11/22/2010jbIn our amended and restated certificate of incorporation, we have renounced business opportunities ?. &the impact of seasonality and weather;
?0(general economic conditions and economic.&conditions impacting the Partnership?s
primary markets; ?4,the economic conditions of the Partnership?s
customers; ?3+the level of domestic crude oil and natural'gas production and consumption; ?1)the availability of imported natural gas,2*liquefied natural gas, NGLs and crude oil; ?6.actions taken by foreign oil and gas producingnations; ?%the availability of local, intrastate%and interstate transportation systems/'and storage for residue natural gas and
NGLs;D(l>2&RwI=Pwk! !"# $!____________________________1")Created by Morningstar Document Research.0#(http://documentresearch.morningstar.com/<=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}7
Targa Resources Corp.
S1/A
11/22/2010jbIn our amended and restated certificate of incorporation, we have renounced business opportunities ?5 the availability and marketing of competitive
"
fuels and/or feedstocks; ?6.the impact of energy conservation efforts; and
?%the extent of governmental regulation
and taxation.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.>2&fZth@=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!
NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}I;
1
Targa Resources Corp.
S1/A
11/22/2010jbIn our amended and restated certificate of incorporation, we have renounced business opportunities ?1 )operating a significantly larger combined
+
#organization and adding operations; ?/'difficulties in the assimilation of the
9
1assets and operations of the acquired businesses,0(especially if the assets acquired are in2*a new business segment or geographic area; ?3+the risk that natural gas reserves expected1)to support the acquired assets may not be/'of the anticipated magnitude or may not$be developed as anticipated; ?0(the failure to realize expected volumes,*"revenues, profitability or growth; ?5the failure to realize any expected synergiesand cost savings; ?%coordinating geographically disparate.&organizations, systems and facilities. ?.&the assumption of unknown liabilities;Dl>2&aU hq&G;^ !"#$%&'()*+,./0 ! !?/!'limitations on rights to indemnity from"""the seller;#$ $?0$(inaccurate assumptions about the overall%% %costs of equity or debt;&' '?4',the diversion of management?s and employees?((3(+attention from other business concerns; and)* *?7*/customer or key employee losses at the acquired+++businesses.,$.____________________________1/)Created by Morningstar Document Research.00(http://documentresearch.morningstar.com/&T@ym 8,i=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}y<
Targa Resources Corp.
S1/A
11/22/2010jbPartnership as a corporation for federal income tax purposes or the Partnership becomes subject to ?/ 'damage to pipelines and plants, related
,
$equipment and surrounding properties0(caused by hurricanes, tornadoes, floods,5fires and other natural disasters, explosions
and acts of terrorism; ?.&inadvertent damage from third parties,%including from construction, farm andutility equipment; ?91leaks of natural gas, NGLs and other hydrocarbons4,or losses of natural gas or NGLs as a result:2of the malfunction of equipment or facilities; and ?/'other hazards that could also result in3+personal injury and loss of life, pollution%and suspension of operations.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/BPX>2&b4SU=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}=
Targa Resources Corp.
S1/A
11/22/2010jbPartnership as a corporation for federal income tax purposes or the Partnership becomes subject to ?/ 'perform ongoing assessments of pipeline
integrity; ?,$identify and characterize applicable
/
'threats to pipeline segments that could'impact a high consequence area; ?,$improve data collection, integration
and analysis; ?;3repair and remediate the pipeline as necessary; and ?4,implement preventive and mitigating actions.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:s>2&p'DRF:=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!
NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }8}$ }
}$ }
}
$ }
}$
/
Targa Resources Corp.
S1/A
11/22/2010c[Recent events in the Gulf of Mexico may adversely affect the operations of the Partnership.
Actual
As Adjusted
9/30/10As Adjusted
For Offering($ in millions)
#Cash ? Cash Equivalents (1)~
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}I;
.
Targa Resources Corp.
S1/A
11/22/2010c[Recent events in the Gulf of Mexico may adversely affect the operations of the Partnership. ?3 +Federal income taxes, which we are required
5
to pay because we are taxed as a corporation; ?/'the expenses of being a public company;
?2*other general and administrative expenses; ?1)general and administrative reimbursementsto the Partnership; ?0(capital contributions to the Partnership91upon the issuance by it of additional partnership/'securities if we choose to maintain the( General Partner?s 2.0% interest; ?0(reserves our board of directors believesprudent to maintain; ?5our obligation to (i) satisfy tax obligations0(associated with previous sales of assets.&to the Partnership, (ii) reimburse the4,Partnership for certain capital expenditures0(related to Versado and (iii) provide theDlE9!\POjJ>V !"#$%&'()*+, 7 /Partnership with limited quarterly distribution!!.!&support through 2011, all as described""2"*in more detail in ?Management?s Discussion##/#'and Analysis of Financial Condition and$$3$+Results of Operations?Liquidity and Capital%%%Resources;? and&' '?.'&interest expense or principal payments((%(on any indebtedness we incur.)*$+____________________________1,)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/ c{H
@,,++
l 5
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!
NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }8}$ }I}$ }I}$
5
Targa Resources Corp.
S1/A
11/22/2010c[Recent events in the Gulf of Mexico may adversely affect the operations of the Partnership.
Year Ended
Twelve Months
December 31,Ended September 30,
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$Other$$$@$$$$333333$%%%%%%%%%2&*Net income attributable to Targa Resources&&&YD@&&&&fffff[@&'Partners LP
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,r,,,,.@,*"Noncontrolling interest adjustment%$........./Adjusted EBITDA (3)///x@///~
/6/01$2____________________________13)Created by Morningstar Document Research.04(http://documentresearch.morningstar.com/.
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }I;}$ }
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Targa Resources Corp.
S1/A
11/22/2010c[Recent events in the Gulf of Mexico may adversely affect the operations of the Partnership.
Year Ended
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(In millions, except pershare amounts)Adjusted EBITDA (3)x@~
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Less:+#Pro forma cash interest expense (4)fffffFYfffffFY%Maintenance capital expenditures, netfffffA333333D1)Pro forma cash available for distribution33333Kp@o@&to Partnership unitholders (5).&Partnership?s debt covenant ratios (6)0(Interest coverage ratio of not less than
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@ x2.25 to 1.02*Consolidated leverage ratio of not greater@ x@ xthan 5.5 to 1.0%Consolidated senior leverage ratio of? xffffff? xDlE9!JGE9A 1f2w ! " # $ % & ' ( ) * + ,  . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ? # not greater than 4.0 to 1.0!!!!!!!!!9"1Estimated minimum cash available for distribution"""""""""#to Partnership unitholders,$$Estimated minimum cash distributions$$$$$$$$%to us:#&2% general partner interest&&&ffffff@&&&&ffffff@&)'!Incentive distribution rights (7)'''ffffff5@''''ffffff5@'(Common units(((9@((((9@()))))))))**"Pro forma cash distributions to us***YI@****YI@*.+&Pro forma cash distributions to public+++a@++++a@+,unitholders1.)Total pro forma cash distributions by the...33333g@....33333g@./Partnership0Excess / (Shortfall)000fffffQ@00009P@0111111111'2Targa Resources Corp. Data (8)2222222233+Pro forma cash distributions to be received33YI@333YI@34from the Partnership5Plus / (Less):55555555/6'General and administrative expenses (9)66666666"7Cash interest expense (10)777333333777733333378Interest income888333333?8888333333?89999999999:1Minimum estimated cash available for distribution:::E@::::E@:;Excess / (Shortfall);; ;?;;; ;?;#<Expected dividend per share<<<{Gz?<<<<{Gz?<,=$Total dividends paid to stockholders==E@===E@=>?DlmuXR1ykK2k@ A B $@____________________________1A)Created by Morningstar Document Research.0B(http://documentresearch.morningstar.com/
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }U}$ }:
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Targa Resources Corp.
S1/A
11/22/2010NO TITLE~
4 ,Gross margin is a nonGAAP financial measure
7
/and is discussed under ?Management?s Discussion/'and Analysis of Financial Condition and%Results of Operations?How We Evaluate
Our Operations.?~
0(Operating margin is a nonGAAP financial4,measure and is discussed under ?Management?s6.Discussion and Analysis of Financial Condition1)and Results of Operations?How We EvaluateOur Operations.?~
/'Adjusted EBITDA is presented because we2*believe it provides additional information/'with respect to both the performance of.&our fundamental business activities as80well as our ability to meet future debt service,0(capital expenditures and working capital0(requirements. It is a nonGAAP financial1)measure and is not intended to be used in4,lieu of the GAAP presentation of net income.D ltP`9fZ
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }U}$ }:
'
Targa Resources Corp.
S1/A
11/22/2010c[Recent events in the Gulf of Mexico may adversely affect the operations of the Partnership. 1 )approximately 9.1% and (iii) $4.5 million
/
'of commitment fees and letter of credit0(fees. After giving effect to LIBOR swaps7/for $300 million of the Partnership?s revolving
/
'credit facility, a 1.0% change in LIBOR0(would result in a change in interest for#the period of $3.9 million.3+Cash interest expense excludes $5.9 million6.of noncash interest expense for both periods.~
2*The Partnership?s pro forma cash available%for distribution is presented because6.we believe it is used by investors to evaluate80the ability of the Partnership to make quarterly6.cash distributions. It is a nonGAAP financial1)measure and is not intended to be used in4,lieu of the GAAP presentation of net income.~
.&The Partnership?s credit agreement and,$indentures contain certain financial.&covenants. The Partnership?s revolving1)credit facility requires that, at the endD lE9!e{/C4A9 !"#$%& / 'of each fiscal quarter, the Partnership!!!must maintain:"#$$____________________________1%)Created by Morningstar Document Research.0&(http://documentresearch.morningstar.com/xwkC=PF0*8X>
@&&%%$$
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!
NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}8
'
Targa Resources Corp.
S1/A
11/22/2010c[Recent events in the Gulf of Mexico may adversely affect the operations of the Partnership. ?. &an interest coverage ratio, defined as
3
+the ratio of the Partnership?s consolidated2*adjusted EBITDA (as defined in the Amended.&and Restated Credit Agreement) for the

%four consecutive fiscal quarters most3+recently ended to the consolidated interest7/expense (as defined in the Amended and Restated0(Credit Agreement) for such period, of noless than 2.25 to 1.0; ?.&a Consolidated Leverage Ratio, defined6.as the ratio of the Partnership?s consolidated.&funded indebtedness (as defined in the.&Amended and Restated Credit Agreement)0(to consolidated adjusted EBITDA, for the1)four fiscal quarters most recently ended,0(that is not greater than 5.5 to 1.0; and ?%a Consolidated Senior Leverage ratio,1)defined as the ratio of the Partnership?s3+consolidated funded indebtedness, excluding4,unsecured note indebtedness, to consolidated5adjusted EBITDA, for the four fiscal quartersD lE9!c3ZNg8,F !"#$%& 0 (most recently ended, that is not greater!!!than 4.0 to 1.0."#$$____________________________1%)Created by Morningstar Document Research.0&(http://documentresearch.morningstar.com/xth@=PF0*8X>
@&&%%$$
l *c
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }U}$ }=
*
Targa Resources Corp.
S1/A
11/22/2010c[Recent events in the Gulf of Mexico may adversely affect the operations of the Partnership. / 'In addition, the indentures relating to
.
&the Partnership?s senior notes require0(that the Partnership have a fixed charge2*coverage ratio for the most recently ended
2
*four fiscal quarters of not less than 1.756.to 1.0 in order to make distributions, subject:2to certain exceptions. This ratio is approximately6.equal to the interest coverage ratio described;3above. As indicated in the table, the Partnership?s3+pro forma EBITDA would have been sufficient.&to permit cash distributions under the5terms of its credit agreement and indentures.~
%Our incentive distributions are based3+on the Partnership?s 75,545,409 outstanding3+common units as of November 1, 2010 and the3+Partnership?s fourth quarter 2010 quarterly2*distribution of $0.5475 per unit, or $2.1980per unit on an annualized basis, that management3+plans to recommend to the General Partner?sboard of directors.~
4,We will have no debt outstanding under TRI?sD
lE9!h./E!8G !"#$%&'() 3 +revolving credit facility, and accordingly,!!/!'we have not presented credit ratios for""/"'this facility in the table. Pursuant to##5#the terms of this facility at the end of each$$*$"fiscal quarter, TRI must maintain:%&$'____________________________1()Created by Morningstar Document Research.0)(http://documentresearch.morningstar.com/fxlD=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }@}$ }I}$
Z
Targa Resources Corp.
S1/A
11/22/2010c[Recent events in the Gulf of Mexico may adversely affect the operations of the Partnership. Twelve Months Ending
December 31, 2011(In millions except per
unit and per shareamounts)( Targa Resources Partners LP DataRevenuesҷ@Less: product purchasesGross margin (1)@ Less: operating expensesrOperating margin (2)fffff@
Less:.&Depreciation and amortization expensese+#General and administrative expenses33333[Income from operations)p@*"Plus (less) other income (expense)D lE9!}? Interest expense, net 33333[ 7!/Equity in earnings of unconsolidated investment!!!'@!""""""#Income before income taxes###c@# $Less: income tax expense$$$$%%%%%&
Net income&&&c@&7'/Less: net income attributable to noncontrolling'''333333?'(interest (3))))))2**Net income attributable to Targa Resources**fffff_@*+Partners LP
,Plus:,,,,Interest expense, net33333[@.Income tax expense...@../&Depreciation and amortization expenses///e@/70/Noncash loss related to derivative instruments000?0*1"Noncontrolling interest adjustment111ffffff&122222%3Estimated Adjusted EBITDA (4)338y@3
4Less:44445Interest expense, net55533333[5+6#Expansion capital expenditures, net66~
6657Borrowings for expansion capital expenditures77~
778%Maintenance capital expenditures, net888H8(9 Amortization of debt issue costs999@9:Cash reserve (5):::ffffffM:;;;;;=<5Estimated minimum cash available for distribution (6)<<33333g@<=====,>$Partnership debt covenant ratios (7)>>>>0?(Interest coverage ratio of not less than???
@ ?xDl8F
M5A.Y2fKh@ABCDEFGHIJKLMNOPQRSTUVWXY@2.25 to 1.02A*Consolidated leverage ratio of not greaterAA~
A AxBthan 5.5 to 1.0C%Consolidated senior leverage ratio ofCCC@ Cx#Dnot greater than 4.0 to 1.09E1Estimated minimum cash available for distributionEEEE"Fto Partnership unitholders,G$Estimated minimum cash distributionsGGGGHto us:#I2% general partner interestIIffffff@I)J!Incentive distribution rights (8)JJJffffff5@JKCommon unitsKKK9@KLLLLL2M*Total estimated minimum cash distributionsMMMYI@M
Nto us,O$Estimated minimum cash distributionsOOOa@OPto public unitholdersQQQQQ2R*Total estimated minimum cash distributionsRR33333g@RSby the PartnershipTTTTTUV$W____________________________1X)Created by Morningstar Document Research.0Y(http://documentresearch.morningstar.com/8eiC'SY=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }I;}$ } }$
)
Targa Resources Corp.
S1/A
11/22/2010c[Recent events in the Gulf of Mexico may adversely affect the operations of the Partnership. Twelve Months Ending
December 31, 2011
(In millions except
per share amounts)+#Targa Resources Corp. Data (9)(10),$Minimum estimated cash distributionsYI@+#to be received from the Partnership,$Corporate general and administrative
expenses (11).&Partnership distributions less generalfffffF@#and administrative expensesPlus / (Less):Interest Expense333333Interest Income333333?Cash taxes paid,+#Cash taxes funded from cash on hand,@91Minimum estimated cash available for distributionE@D lE9!}<oc{X1D !"#$%&'( 5!Expected dividend per share, on an annualized!!{Gz?!
"basis6#.Total estimated dividends paid to stockholders##E@#$%$&____________________________1')Created by Morningstar Document Research.0((http://documentresearch.morningstar.com/qaP=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }U}$ }:
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Targa Resources Corp.
S1/A
11/22/2010NO TITLE~
4 ,Gross margin is a nonGAAP financial measure
7
/and is discussed under ?Management?s Discussion/'and Analysis of Financial Condition and%Results of Operations?How We Evaluate
Our Operations.?~
0(Operating margin is a nonGAAP financial4,measure and is discussed under ?Management?s6.Discussion and Analysis of Financial Condition1)and Results of Operations?How We EvaluateOur Operations.?~
5Reflects net income attributable to Chevron?s%37% interest in Versado, Enterprise?s3+12% interest in VESCO, ONEOK?s 11% interest.&in VESCO and BP?s 12% interest in CBF.~
/'Adjusted EBITDA is presented because we2*believe it provides additional information/'with respect to both the performance of.&our fundamental business activities as80well as our ability to meet future debt service,0(capital expenditures and working capitalD7 ltP`9fZo%~3 !"#$%&'()*+,./0123456789:; 0 (requirements. It is a nonGAAP financial!!1!)measure and is not intended to be used in""4",lieu of the GAAP presentation of net income.###~
$$0$(Represents a discretionary cash reserve.%%1%)See ??The Partnership?s Cash Distribution&&&Policy.?'~
((0((The Partnership?s estimated minimum cash))/)'available for distribution is presented**2**because we believe it is used by investors++2+*to evaluate the ability of the Partnership,,,%to make quarterly cash distributions.1)It is a nonGAAP financial measure and is..3.+not intended to be used in lieu of the GAAP//#/presentation of net income.0~
11.1&The Partnership?s credit agreement and22,2$indentures contain certain financial33.3&covenants. The Partnership?s revolving4414)credit facility requires that, at the end55/5'of each fiscal quarter, the Partnership666must maintain:78$9____________________________1:)Created by Morningstar Document Research.0;(http://documentresearch.morningstar.com/<gX, 9Uo'E=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}8
'
Targa Resources Corp.
S1/A
11/22/2010c[Recent events in the Gulf of Mexico may adversely affect the operations of the Partnership. ?. &an interest coverage ratio, defined as
3
+the ratio of the Partnership?s consolidated2*adjusted EBITDA (as defined in the Amended.&and Restated Credit Agreement) for the

%four consecutive fiscal quarters most3+recently ended to the consolidated interest7/expense (as defined in the Amended and Restated0(Credit Agreement) for such period, of noless than 2.25 to 1.0; ?.&a Consolidated Leverage Ratio, defined6.as the ratio of the Partnership?s consolidated.&funded indebtedness (as defined in the.&Amended and Restated Credit Agreement)0(to consolidated adjusted EBITDA, for the1)four fiscal quarters most recently ended,0(that is not greater than 5.5 to 1.0; and ?%a Consolidated Senior Leverage ratio,1)defined as the ratio of the Partnership?s3+consolidated funded indebtedness, excluding4,unsecured note indebtedness, to consolidated5adjusted EBITDA, for the four fiscal quartersD lE9!c3ZNg8,F !"#$%& 0 (most recently ended, that is not greater!!!than 4.0 to 1.0."#$$____________________________1%)Created by Morningstar Document Research.0&(http://documentresearch.morningstar.com/xth@=PF0*8X>
@&&%%$$
l
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }}$ }0}$ }a}$ }0
Targa Resources Corp.
S1/A
11/22/2010c[Recent events in the Gulf of Mexico may adversely affect the operations of the Partnership. Twelve Months Ended
December 31, 2009
September 30, 2010
December 31, 2011Natural Gas$3.99/MMBtu$4.48/MMBtu$5.10/MMBtu
Ethane
$0.48/gallon
$0.61/gallon
$0.47/gallonPropane$0.84/gallon$1.12/gallon$1.05/gallon Isobutane$1.19/gallon$1.53/gallon$1.46/gallon
Normal butane$1.08/gallon$1.44/gallon$1.42/gallonNatural gasoline$1.31/gallon$1.75/gallon$1.80/gallon Crude oil
$59.80/Bbl
$76.99/Bbl
$85.00/Bbl$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4
E9!pd<=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }%}$ }}$ }}$ }
Targa Resources Corp.
S1/A
11/22/2010c[Recent events in the Gulf of Mexico may adversely affect the operations of the Partnership. Natural Gas NGL
Condensate
Hedged volume ? swaps30,100 MMBtu/d7,000 Bbls/d
750 Bbls/d&Weighted average price ? swaps$6.32 per MMBtu$0.85 per gallon$77.00 per Bbl
Hedged ? volume floors
253 Bbls/d
'Weighted average price ? floors$1.44 per gallon$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,E9!aU)2&=PF0*8X>
@
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!
NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }}$ }I}$ }I}
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Targa Resources Corp.
S1/A
11/22/2010c[Recent events in the Gulf of Mexico may adversely affect the operations of the Partnership.
Twelve Months Ended
December 31, 2011
December 31, 2009September 30, 2010
(Estimated)
(In millions, except for
share amounts)( Targa Resources Partners LP Data
Revenues3333@fffffɴ@
ҷ@Less: Product purchases̡33333̱
Gross marginfffff6@@
@ Less: Operating expensesLmLn
r
Operating marginfffff}@fffffV@
fffff@
Adjusted EBITDAx@~
6
8y@
%Maintenance capital expenditures, netfffffA@333333D@
H@Volume Statistics:
Inlet Volumes (MMcf/d)@@
fffffL@'Fractionation Volumes (MBbls/d)fffff&k@̬k@
9r@D3lE9!B5G#)6\k&
!
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }0}$ } }$ }
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Targa Resources Corp.
S1/A
11/22/2010%Segment Operating Margin Assumptions.
Twelve Months Ending
December 31, 2011
December 31, 2009September 30, 2010
(Estimated)
(In millions)
,$Natural Gas Gathering and Processing
.&Field Gathering and Processing Segmentffffff@33333m@
33333n@0(Coastal Gathering and Processing SegmentlV@fffff[@
~
#NGL Logistics and Marketing
Logistics Assets SegmentR@33333S@
fffff]@*"Marketing and Distribution SegmentT@fffffS@
ffffffP@
OtherG@333330@
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Total operating marginfffff}@fffffV@
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Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
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Targa Resources Corp.
S1/A
11/22/2010%Segment Operating Margin Assumptions.
Twelve Months Ending
December 31, 2011
December 31, 2009September 30, 2010
(Estimated)
'Plant natural gas inlet, MMcf/d33333/@@
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$Gross NGL Production, MBbl/d33333sQ@yQ@
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'Operating margin, $ in millionsffffff@33333m@
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!
NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }%}$ }
}$ }
}
$ }
}$
Targa Resources Corp.
S1/A
11/22/2010%Segment Operating Margin Assumptions.
Twelve Months Ending
December 31, 2011
December 31, 2009September 30, 2010
(Estimated)
'Plant natural gas inlet, MMcf/d33333W@33333@
~
J$Gross NGL Production, MBbl/d@H@I@
M@'Operating margin, $ in millionslV@fffff[@ ~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0{ocWwj%th@=PF0*8X>
@Z
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!
NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }%}$ }
}$ }
}
$ }
}$
Targa Resources Corp.
S1/A
11/22/2010%Segment Operating Margin Assumptions.
Twelve Months Ending
December 31, 2011
December 31, 2009September 30, 2010
(Estimated)
%Fractionation volumes, MBbl/dfffff&k@̬k@
9r@ Treating volumes, MBbl/dfffff5@ffffff5@
;@'Operating margin, $ in millionsR@33333S@
fffff]@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0{ocWwj'~rf>=PF0*8X>
@Z
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }%}$ }
}$ }
}
$ }
}$
Targa Resources Corp.
S1/A
11/22/2010%Segment Operating Margin Assumptions.
Twelve Months Ending
December 31, 2011
December 31, 2009September 30, 2010
(Estimated)
NGL Sales, MBbl/dAq@33333n@
o@'Operating margin, $ in millionsT@fffffS@
ffffffP@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.{ocWwjPD8=PF0*8X>
@Z
l ?BmN
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!
NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}>
?
Targa Resources Corp.
S1/A
11/22/2010%Segment Operating Margin Assumptions. ?3 +Depreciation and Amortization Expenses. The
3
+Partnership?s depreciation and amortization3+expenses are estimated to be $175.4 million1)for the twelve months ending December 31,
/
'2011, as compared to $170.1 million for3+the twelve months ended September 30, 2010.1)Depreciation and amortization is expected4,to increase as a result of the Partnership?s/'organic growth projects and maintenancecapital expenditures. ?0(General and Administrative Expenses. The0(Partnership?s general and administrative4,expenses include its public company expenses2*and are estimated to be $110.3 million for3+the twelve months ending December 31, 2011,4,as compared to $116.6 million for the twelve0(months ended September 30, 2010. General0(and administrative expenses are expected2*to decrease as a result of lower estimated7/compensation expense and decreased professional3+services associated with 2010 transactions.D l{ocW3E^v=1H[u" !"#$%&'()*+,./0123456789:;<=> ?4 ,Interest Expense. The Partnership?s interest!!1!)expense is estimated to be $110.3 million""1")for the twelve months ending December 31,##4#,2011. This amount includes (i) $63.0 million$$7$/of interest expense related to the $690 million%%1%)of senior unsecured notes with a weighted&&.&&average interest rate of approximately''5'9.1%, (ii) $39.0 million of interest expense,((5(after giving effect to the impact of interest))6).rate hedges, under the Partnership?s revolving**/*'credit facility, at an assumed interest++1+)rate of approximately 3.8% (based on a 1%,,<,4LIBOR plus a spread of 2.75%) and (iii) $8.3 million0(of commitment fees, amortization of debt..1.)issuance costs and letter of credit fees.//:/2Pro forma as adjusted for the Versado acquisition,0030+the VESCO acquisition and the Partnership?s1111)debt and equity offerings in August 2010,2232+the Partnership?s revolving credit facility33830had a balance of $753.3 million on September 30,44;432010. The balance is estimated to be $778.3 million55;53at December 31, 2010 with the increase attributable6616)to expansion capital expenditures. During77/7'the twelve month period ending December8828*31, 2011, we estimate that the Partnership99*9"will borrow $129.0 million to fund:;$<____________________________1=)Created by Morningstar Document Research.0>(http://documentresearch.morningstar.com/B&Xbr%9O^lr5=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!
NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}>
6
Targa Resources Corp.
S1/A
11/22/2010%Segment Operating Margin Assumptions. ?< 4Equity in Earnings of Unconsolidated Investment. The
:
2Partnership?s equity in earnings of unconsolidated3+investment is estimated to be $11.5 million1)for the twelve months ending December 31,
5
2011, compared to $5.6 million for the twelve:2months ended September 30, 2010. The Partnership?s7/equity in earnings of unconsolidated investment0(is related to its investment in GCF, and7/the increase is attributable to price increases#for fractionation services. ?/'Noncontrolling Interest Adjustment. Net%income attributable to noncontrolling1)interest is estimated to be $31.2 million1)for the twelve months ending December 31,/'2011, compared to $25.5 million for the/'twelve months ended September 30, 2010.1)Net income attributable to noncontrolling6.interest is associated with minority ownership0(stakes in Versado, VESCO and CBF. In the0(reconciliation of Partnership net income;3to Partnership Adjusted EBITDA, the noncontrolling1)interest adjustment reflects depreciationD
l{ocW35AOo"?T !"#$%&'()*+,./012345 6 .expense attributable to the minority ownership!!!stake."# #?/#'Expansion Capital Expenditures, net and$$1$)investments. The Partnership?s forecasted%%.%&expansion capital expenditures for the&&.&&twelve months ending December 31, 2011''8'0are estimated to be approximately $129.0 million((7(/net of minority partnership share and primarily))0)(consist of the benzene treating project,**1*)the expansions of CBF and GCF and various++3++gathering and processing system expansions.,,1,)See ?Business of Targa Resources Partners%LP?Partnership Growth Drivers.? These..4.,forecasted capital expenditures are expected//8/0to be funded from borrowings under its revolving000credit facility.12$3____________________________14)Created by Morningstar Document Research.05(http://documentresearch.morningstar.com/0x,KXo&NB6=PF0*8X>
@554433
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!
NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }@}$ }I}$
G
Targa Resources Corp.
S1/A
11/22/2010%Assumptions for Targa Resources Corp. Three Months Ending
December 31, 2010 (In millions, except for
share amounts)( Targa Resources Partners LP DataRevenuesfffff@Less: Product purchasesfffffGross margin (1)~
R Less: Operating expensesQOperating margin (2)a@
Less:.&Depreciation and amortization expensesfffffE+#General and administrative expensesL@Income from operationsffffffP@+#Plus (less): other income (expense)Interest expense, net3333397/Equity in earnings of unconsolidated investment?D l{ocWs+a#@TF
S !"#$%&'()*+,./0123456789:;<=>? !Income before income tax!!!D@! "Less: income tax expense""""#####$
Net income$$$D@$7%/Less: net income attributable to noncontrolling%%%%&interest (3)'''''2(*Net income attributable to Targa Resources((@@()Partners LP
*Plus:****+Interest expense, net+++333339@+,Income tax expense,,,?,.&Depreciation and amortization expensesfffffE@6..Noncash loss related to derivative instruments...@.*/"Noncontrolling interest adjustment////00000%1Estimated Adjusted EBITDA (4)11,[@1
2Less:22223Interest expense, net3333333393+4#Expansion capital expenditures, net444D455Borrowings for expansion capital expenditures555D@56%Maintenance capital expenditures, net66~
66(7 Amortization of debt issue costs777?78Cash reserve (5)8880899999=:5Estimated minimum cash available for distribution (6)::G@:;;;;;.<&Partnership?s debt covenant ratios (7)<<<<0=(Interest coverage ratio of not less than===@ =x>2.25 to 1.02?*Consolidated leverage ratio of not greater???ffffff@ ?xDljcL`$T)dk/b@ABCDEF@than 5.5 to 1.0A%Consolidated senior leverage ratio ofAAA@ Ax#Bnot greater than 4.0 to 1.0C$D____________________________1E)Created by Morningstar Document Research.0F(http://documentresearch.morningstar.com/x}VJ"=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }I;}$ }U}$
%
Targa Resources Corp.
S1/A
11/22/2010%Assumptions for Targa Resources Corp. Three Months Ending
December 31, 2010 (In millions, except for
share amounts)91Estimated minimum cash available for distribution"to Partnership unitholders,$Estimated minimum cash distributionsto us:#2% general partner interest~
)!Incentive distribution rights (8)333333@Common units@2*Total estimated minimum cash distributionsffffff)@
to us,$Estimated minimum cash distributions~
to public unitholders2*Total estimated minimum cash distributionsG@by the PartnershipDl{ocWs+P*k~~B !"#$ !$"____________________________1#)Created by Morningstar Document Research.0$(http://documentresearch.morningstar.com/
P=PF0*8X>
@J $$##""
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }7}$ } }$
'
Targa Resources Corp.
S1/A
11/22/2010%Assumptions for Targa Resources Corp. Three Months Ending
December 31, 2010 (In millions, except for
share amounts)+#Targa Resources Corp. Data (9)(10),$Estimated minimum cash distributionsffffff)@+#to be received from the Partnership,$Corporate general and administrativeffffffexpenses.&Partnership distributions less general&@#and administrative expensesPlus / (Less):Interest ExpenseInterest Income?Cash taxes paid +#Cash taxes funded from cash on hand @/'Minimum cash available for distribution%@Dt l{ocWs+^o[FR !"#$%&4 ,Expected dividend per share ? Quarterly (11) {Gz? 6!.Total estimated dividends paid to stockholders!!%@!"(before proration) (11)#$$____________________________1%)Created by Morningstar Document Research.0&(http://documentresearch.morningstar.com/x:=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$}$ }:
<
Targa Resources Corp.
S1/A
11/22/2010%Assumptions for Targa Resources Corp.~
4 ,Gross margin is a nonGAAP financial measure
7
/and is discussed under ?Management?s Discussion/'and Analysis of Financial Condition and/'Results of Operations ? How We Evaluate
Our Operations.?~
0(Operating margin is a nonGAAP financial4,measure and is discussed under ?Management?s6.Discussion and Analysis of Financial Condition3+and Results of Operations ? How We EvaluateOur Operations.?~
5Reflects net income attributable to Chevron?s%37% interest in Versado, Enterprise?s3+12% interest in VESCO, ONEOK?s 11% interest.&in VESCO and BP?s 12% interest in CBF.~
/'Adjusted EBITDA is presented because we2*believe it provides additional information/'with respect to both the performance of.&our fundamental business activities as80well as our ability to meet future debt service,0(capital expenditures and working capitalDX l{ocW3CjyE9N] !"#$%&'()*+,./0123456789:; 0 (requirements. It is a nonGAAP financial!!1!)measure and is not intended to be used in""4",lieu of the GAAP presentation of net income.###~
$$0$(Represents a discretionary cash reserve.%%2%*See ?? The Partnership?s Cash Distribution&&&Policy.?'~
((0((The Partnership?s estimated minimum cash))/)'available for distribution is presented**2**because we believe it is used by investors++2+*to evaluate the ability of the Partnership,,,%to make quarterly cash distributions.1)It is a nonGAAP financial measure and is..3.+not intended to be used in lieu of the GAAP//#/presentation of net income.0~
11.1&The Partnership?s credit agreement and22,2$indentures contain certain financial33.3&covenants. The Partnership?s revolving4414)credit facility requires that, at the end55/5'of each fiscal quarter, the Partnership666must maintain:78$9____________________________1:)Created by Morningstar Document Research.0;(http://documentresearch.morningstar.com/<gW+8Tn&D=PF0*8X>
@;;::99
l
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }a/}$ }
}$
Targa Resources Corp.
S1/A
11/22/2010%Assumptions for Targa Resources Corp. Three Months Ended
December 31, 2010
(Estimated)
%Field Plant Natural Gas Inlet, MMcf/d@/'Coastal Plant Natural Gas Inlet, MMcf/dfffff@'Logistics Fractionation, MBbl/d33333Co@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0e{ocWt9]=PF0*8X>
@2
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }}$
Targa Resources Corp.
S1/A
11/22/2010%Assumptions for Targa Resources Corp. Three Months Ended
December 31, 2010
(Estimated)
Natural Gas$3.67/MMBtuEthane$0.64/gallonPropane$1.26/gallon Isobutane$1.61/gallon
Normal Butane$1.57/gallonNatural Gasoline$1.96/gallon Crude Oil
$80.34/Bbl$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8l{ocWt9bE9=PF0*8X>
@j
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }:}$ }
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Targa Resources Corp.
S1/A
11/22/2010Income Statement
Nine Months Ended
Year Ended December 31,
September 30,~
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }y<}$ }
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Targa Resources Corp.
S1/A
11/22/2010
Balance Sheet
Nine Months Ended
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }U}$ }8
3
Targa Resources Corp.
S1/A
11/22/2010NO TITLE~
0 (Includes business interruption insurance
1
)proceeds of $3.0 million and $7.9 million/'for the nine months ended September 30,7/2010 and 2009 and $21.5 million, $32.9 million,
4
,$7.3 million and $10.7 million for the years/'ended December 31, 2009, 2008, 2007 and~
Z~
7/Based on the terms of the preferred convertible4,stock, undistributed earnings of the Company2*are allocated to the preferred stock until.&the carrying value has been recovered.~
4,Gross margin is a nonGAAP financial measure7/and is discussed under ?Management?s Discussion/'and Analysis of Financial Condition and%Results of Operations?How We EvaluateOur Operations.?~
0(Operating margin is a nonGAAP financial4,measure and is discussed under ?Management?s6.Discussion and Analysis of Financial Condition1)and Results of Operations?How We EvaluateDM ltPjVJW
Dp" !"#$%&'()*+,./012 Our Operations.?!~
""."&Plant natural gas inlet represents the##1#)volume of natural gas passing through the$$3$+meter located at the inlet of a natural gas%%%processing plant.&~
''/''Plant natural gas inlet volumes include((,($producer takeinkind, while natural))/)'gas sales exclude producer takeinkind***volumes.+~
,,2,*Average realized prices include the impactof hedging activities../$0____________________________11)Created by Morningstar Document Research.02(http://documentresearch.morningstar.com/*0ht'J/=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }}$ }
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,
Targa Resources Corp.
S1/A
11/22/2010
Cash Reserve.
! Actual Cash Distributions
Cash
Limited
Distributions
Distributions
Distributions
DistributionPartner
Total Partnership
on Limited
on Generalto Targa
Per Limited
Units
Cash
PartnerPartner
Distributions Resources
Partner UnitOutstanding
Distributions
UnitsIntereston IDRs
Corp.1)(In millions except and Cash Distribution!Per Limited Partner Unit)~
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }8}$ }$}$}$ }I;
Targa Resources Corp.
S1/A
11/22/2010
Cash Reserve.
Percent of
Contract Type
Throughput"Impact of Commodity Prices7
/PercentofProceeds / PercentofLiquids
~
%
2
*Decreases in natural gas and or NGL prices/'generate decreases in operating margins FeeBased~
. %7/No direct impact from commodity price movements'Wellhead Purchases / KeepWhole~
J %3+Decreases in NGL prices relative to natural2*gas prices generate decreases in operatingmarginsHybrid~
^ %91In periods of favorable processing economics, (1)4,similar to percentofliquids or to wellhead3+purchases/keepwhole in some circumstances,6.if economically advantageous to the processor.7/In periods of unfavorable processing economics,similar to feebased.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@D{o, pfG^_Z=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }1}$ }$}$}$ }$}$}
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11/22/2010
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased Regulation (1)Balance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }U5}$ }
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11/22/2010Increased Regulation.
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Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationBalance Sheet (2)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }$ }$}y<
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S1/A
11/22/2010Increased Regulation. ?/ 'the financial performance of our assets
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Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)NO TITLE (7)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }y<}$ }
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11/22/2010
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)Increased Regulation (2)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }U}$ }8
Targa Resources Corp.
S1/A
11/22/2010NO TITLE~
1 )Operating margin is revenues less product

%purchases and operating expenses. See*"??How We Evaluate Our Operations.?~
.
&Plant natural gas inlet represents the1)volume of natural gas passing through the3+meter located at the inlet of a natural gasprocessing plant.~
/'Plant natural gas inlet volumes include,$producer takeinkind volumes, while7/natural gas sales exclude producer takeinkindvolumes.~
2*Average realized prices include the impactof hedging activities.
*Not meaningful$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/DltPrf~I=U)SG;=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)!As used in this prospectus unle!As used in this prospectus (1)!As used in this prospectus (2)!As used in this prospectus (3)!As used in this prospectus (4)Following this Offering1Following this Offering1 (1)Following this Offering1 (2)Following this Offering1 (3)Following this Offering1 (4)Following this Offering1 (5)Following this Offering1 (6)Following this Offering1 (7)Income StatementFollowing this Offering1 (8)
Balance SheetNO TITLE (3)!Our cash flow is dependent upon!Our cash flow is dependent (1)!If we lose any of our named exe!If we lose any of our named (1)!If we lose any of our named (2)!If we lose any of our named (3)!In our amended and restated cer!In our amended and restated (1)!In our amended and restated (2)!In our amended and restated (3)!In our amended and restated (4)!In our amended and restated (5)!Partnership as a corporation fo!Partnership as a corporatio (1)!Recent events in the Gulf of Me!Recent events in the Gulf o (1)!Recent events in the Gulf o (2)!Recent events in the Gulf o (3)NO TITLE (4)!Recent events in the Gulf o (4)!Recent events in the Gulf o (5)!Recent events in the Gulf o (6)!Recent events in the Gulf o (7)!Recent events in the Gulf o (8)NO TITLE (5)!Recent events in the Gulf o (9)!Recent events in the Gulf (10)!Recent events in the Gulf (11)!Recent events in the Gulf (12)!Segment Operating Margin Assump!Segment Operating Margin As (1)!Segment Operating Margin As (2)!Segment Operating Margin As (3)!Segment Operating Margin As (4)!Segment Operating Margin As (5)!Segment Operating Margin As (6)!Assumptions for Targa Resources!Assumptions for Targa Resou (1)!Assumptions for Targa Resou (2)!Assumptions for Targa Resou (3)!Assumptions for Targa Resou (4)!Assumptions for Targa Resou (5)Income Statement (1)Balance Sheet (1)NO TITLE (6)Cash ReserveCash Reserve (1)Cash Reserve (2)Increased RegulationIncreased Regulation (1)Balance Sheet (2)NO TITLE (7)NO TITLE (8)Increased Regulation (3)NO TITLE (9)Increased Regulation (4)
NO TITLE (10)Increased Regulation (5)!Nine Months Ended September 30 Nine Months Ended Septembe (1) Nine Months Ended Septembe (2) Nine Months Ended Septembe (3) Nine Months Ended Septembe (4) Nine Months Ended Septembe (5)!TRI Senior Secured Credit Facil
NO TITLE (11)!TRI Senior Secured Credit F (1)!TRI Senior Secured Credit F (2)!TRI Senior Secured Credit F (3)!TRI Senior Secured Credit F (4)!TRI Senior Secured Credit F (5)!TRI Senior Secured Credit F (6)!TRI Senior Secured Credit F (7)!TRI Senior Secured Credit F (8)!Mont Belvieu and Louisiana Comb!Mont Belvieu and Louisiana (1)!Mont Belvieu and Louisiana (2)!Mont Belvieu and Louisiana (3)!Mont Belvieu and Louisiana (4)!Mont Belvieu and Louisiana (5)!Mont Belvieu and Louisiana (6)!Mont Belvieu and Louisiana (7)!Mont Belvieu and Louisiana (8)!Mont Belvieu and Louisiana (9)!Mont Belvieu and Louisiana (10)
NO TITLE (12)!Mont Belvieu and Louisiana (11)
NO TITLE (13)!Mont Belvieu and Louisiana (12)!Mont Belvieu and Louisiana (13)!Mont Belvieu and Louisiana (14)!Mont Belvieu and Louisiana (15)!Mont Belvieu and Louisiana (16)!Mont Belvieu and Louisiana (17)!Mont Belvieu and Louisiana (18)John R SpargerJohn R Sparger (1)New Incentive PlanNew Incentive Plan (1)New Incentive Plan (2)Summary CompensationBonus Stock AwardsStock Option GrantsOutstanding Equity Awards
NO TITLE (14)Bonus Stock Awards (1)
NO TITLE (15)LongTerm Incentive Plan
NO TITLE (16)LongTerm Incentive Plan (1)
NO TITLE (17)LongTerm Incentive Plan (2)LongTerm Incentive Plan (3)
NO TITLE (18)Overview of DistributionsOverview of Distributions (1)Overview of Distributions (2)
NO TITLE (19)
NO TITLE (20)Overview of Distributions (3)Overview of Distributions (4)Overview of Distributions (5)Overview of Distributions (6)Overview of Distributions (7)Overview of Distributions (8)Overview of Distributions (9) Overview of Distributions (10) Overview of Distributions (11) Overview of Distributions (12) Overview of Distributions (13) Overview of Distributions (14) Overview of Distributions (15) Overview of Distributions (16) Overview of Distributions (17) Overview of Distributions (18) Overview of Distributions (19) Overview of Distributions (20) Overview of Distributions (21) Overview of Distributions (22) Overview of Distributions (23) Overview of Distributions (24) Overview of Distributions (25) Overview of Distributions (26) Overview of Distributions (27) Overview of Distributions (28) Overview of Distributions (29) Overview of Distributions (30) Overview of Distributions (31) Overview of Distributions (32) Overview of Distributions (33)Balance Sheet (3)Income Statement (2) Overview of Distributions (34) Overview of Distributions (35)
Cash Flows Overview of Distributions (36) Overview of Distributions (37) Overview of Distributions (38) Overview of Distributions (39) Overview of Distributions (40)
NO TITLE (21) Overview of Distributions (41) Overview of Distributions (42)Obligations of TRCObligations of TRC (1)Obligations of TRC (2)Obligations of TRC (3)Obligations of TRC (4)Obligations of TRC (5)Obligations of TRC (6)Obligations of TRC (7)Obligations of TRC (8)Obligations of TRC (9)Obligations of TRC (10)Obligations of TRC (11)Obligations of TRC (12)Obligations of TRC (13)Obligations of TRC (14)Obligations of TRC (15)Obligations of TRC (16)Obligations of TRC (17)Obligations of TRC (18)Obligations of TRC (19)Obligations of TRC (20)Obligations of TRC (21)
NO TITLE (22)Obligations of TRC (22)Obligations of TRC (23)Obligations of TRC (24)Obligations of TRC (25)Obligations of TRC (26)Obligations of TRC (27)Obligations of TRC (28)Obligations of TRC (29)Obligations of TRC (30)Obligations of TRC (31)Obligations of TRC (32)Obligations of TRC (33)Obligations of TRC (34)Obligations of TRC (35)Obligations of TRC (36)Obligations of TRC (37)Obligations of TRC (38)Obligations of TRC (39)Obligations of TRC (40)Obligations of TRC (41)Obligations of TRC (42)Obligations of TRC (43)Balance Sheet (4)Income Statement (3)Obligations of TRC (44)Obligations of TRC (45)Cash Flows (1)Obligations of TRC (46)Obligations of TRC (47)
NO TITLE (23)Obligations of TRC (48)Obligations of TRC (49)!Note 6151Convertible Participat!Note 9151Derivative Instruments!Note 9151Derivative Instrum (1)!Note 9151Derivative Instrum (2)!Note 9151Derivative Instrum (3)!Note 9151Derivative Instrum (4)!Note 9151Derivative Instrum (5)!Note 9151Derivative Instrum (6)!Note 9151Derivative Instrum (7)Commodity hedgesCommercial RelationshipsCommercial Relationships (1)Commercial Relationships (2)Commercial Relationships (3)Commercial Relationships (4)Commercial Relationships (5)Commercial Relationships (6)Commercial Relationships (7)Commercial Relationships (8)Commercial Relationships (9)Commercial Relationships (10)Commercial Relationships (11)Commercial Relationships (12)Commercial Relationships (13)Commercial Relationships (14)Commercial Relationships (15)Commercial Relationships (16)Commercial Relationships (17)Commercial Relationships (18)Commercial Relationships (19)Commercial Relationships (20)Commercial Relationships (21)Commercial Relationships (22)Commercial Relationships (23)Commercial Relationships (24)Commercial Relationships (25)Commercial Relationships (26)Commercial Relationships (27)Commercial Relationships (28)Commercial Relationships (29)Commercial Relationships (30)Commercial Relationships (31)Commercial Relationships (32)Commercial Relationships (33)Commercial Relationships (34)Commercial Relationships (35)Commercial Relationships (36)Commercial Relationships (37)Commercial Relationships (38)Commercial Relationships (39)Commercial Relationships (40)U }%}$ } }$ }
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