Targa files audited financials of acquired Lucid; Lucid had $525M revenue, $74M net income in 2021

Targa Resources Corp.

Net income of $74.2M on $524.8M revenue for year ended Dec 31, 2021; operating income $161.5M.
Cash flow from operations of $229.9M; total assets $1.71B; notes payable $1.47B as of Dec 31, 2021.
Lucid sold Artesia assets in Nov 2021, recording a $106.7M loss on asset disposal.
Targa completed acquisition of Lucid Energy Delaware on July 29, 2022; this filing provides required audited financials.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.