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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Sales of commodities (see Note 3) $ 2,173.7 $ 1,858.1
Fees from midstream services (see Note 3) 281.9 254.5
Total revenues 2,455.6 2,112.6
Costs and expenses:    
Product purchases (see Note 3) 1,941.0 1,654.2
Operating expenses 173.2 151.9
Depreciation and amortization expense 198.1 191.1
General and administrative expense 56.7 48.7
Other operating (income) expense 0.3 16.2
Income (loss) from operations 86.3 50.5
Other income (expense):    
Interest income (expense), net 16.1 (63.0)
Equity earnings (loss) 1.5 (12.6)
Gain (loss) from financing activities   (5.8)
Change in contingent considerations (56.1) (3.3)
Other, net   (5.2)
Income (loss) before income taxes 47.8 (39.4)
Income tax (expense) benefit (8.9) (71.1)
Net income (loss) 38.9 (110.5)
Less: Net income (loss) attributable to noncontrolling interests 16.0 8.8
Net income (loss) attributable to Targa Resources Corp. 22.9 (119.3)
Dividends on Series A Preferred Stock 22.9 22.9
Deemed dividends on Series A Preferred Stock 7.0 6.1
Net income (loss) attributable to common shareholders $ (7.0) $ (148.3)
Net income (loss) per common share - basic $ (0.03) $ (0.77)
Net income (loss) per common share - diluted $ (0.03) $ (0.77)
Weighted average shares outstanding - basic 218.7 191.8
Weighted average shares outstanding - diluted 218.7 191.8
Dividends per common share declared for the period $ 0.91 $ 0.91