The company's net liability from its commodity risk management derivatives increased from $66.9 million to $125.6 million in six months, driven by unfavorable natural gas price movements. This growing financial loss from hedging activities highlights significant margin pressure and a potential need for more sophisticated financial modeling or risk management tools.
Filing excerpt
The estimated fair value of our risk management position has moved from a net liability position of $66.9 million at December 31, 2025 to a net liability position of $125.6 million at June 30, 2026.
What this signalsFilings often name leadership changes, deals and spending plans.
Vendors
Vendors named
sec-10qmarginPressureGet every 10-Q signal for Targa Resources and the companies you sell to, in the tools you already use.
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Company
linkedin_urlValue in the APIindustriesValue in the APIemployee_count_lowValue in the APIemployee_count_highValue in the APIrevenueValue in the APIdescriptionValue in the APISignal
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{
"signal_id": "d2897c82-4567-4953-8ab3-5bc6944d1007",
"signal_type": "sec-10q",
"signal_subtype": "marginPressure",
"detected_at": "2026-08-11T08:11:16.906+00:00",
"company": {
"name": "Targa Resources",
"domain": "targaresources.com"
},
"data": {
"detail": "The company's net liability from its commodity risk management derivatives increased from $66.9 million to $125.6 million in six months, driven by unfavorable natural gas price movements. This growing financial loss from hedging activities highlights significant margin pressure and a potential need for more sophisticated financial modeling or risk management tools.",
"metrics": {
"timeframe": "current_quarter",
"dollar_context": "Net liability position of risk management derivatives at June 30, 2026",
"dollar_millions": 125.6
},
"summary": "Net liability on commodity hedges nearly doubled to $125.6M in H1 2026 amid price volatility.",
"excerpts": "The estimated fair value of our risk management position has moved from a net liability position of $66.9 million at December 31, 2025 to a net liability position of $125.6 million at June 30, 2026.",
"relevance": 0.7,
"sentiment": "negative",
"confidence": "high",
"source_url": "https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/trgp-20260630.htm",
"filing_date": "2026-08-06",
"filing_year": 2026,
"fiscal_year": 0,
"fiscal_year_end": "06/30",
"sales_relevance": "Efficiency tools needed",
"signal_category": "financial",
"vendors_mentioned": [
"PNC Bank, National Association"
]
}
}
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