---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-260673"
form_type: "8-K/A"
ticker: "TRGP"
cik: "0001389170"
company_name: "Targa Resources Corp."
filed_at: "2022-10-11T23:59:59+00:00"
generated_at: "2026-06-23T04:19:33.287673+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-260673
- form_type: 8-K/A
- ticker: TRGP
- cik: 0001389170
- company_name: Targa Resources Corp.
- filed_at: 2022-10-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389170/000119312522260673/0001193125-22-260673-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389170/000119312522260673/d384537d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-260673
- JSON: https://secwatch.observer/filing/0001193125-22-260673.json
- Plain text: https://secwatch.observer/filing/0001193125-22-260673.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.