other material
confidence high
sentiment neutral
materiality 0.20
Targa files Lucid historical and pro forma financials for $3.5B acquisition
Targa Resources Corp.
- Unaudited Lucid financials for six months ended June 30, 2022: net income $121.7M, revenue $298.3M.
- Pro forma combined financials for Targa for year ended December 31, 2022 reflect acquisition closed July 29, 2022.
- Lucid total assets $1.826B, total equity deficit $229.2M as of June 30, 2022.
- Filing makes financials available for incorporation into future registration statements; no new operational updates.