secwatch.observer — SEC 8-K summary
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Issuer:     Targa Resources Corp. (TRGP)
CIK:        0001389170
Form:       8-K/A
Filed at:   2022-10-11T23:59:59+00:00
Accession:  0001193125-22-260673
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389170/000119312522260673/0001193125-22-260673-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389170/000119312522260673/d384537d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-260673

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