Targa Resources Corp

NYSE:TRGP  
58.14
-0.01 (-0.02%)
Debt Financing / Related, Equity Investments, Other Pre-Announcement

Targa Resources Corp To Acquire Lucid Energy For $3.55 bln

Published: 06/16/2022 21:14 GMT
Targa Resources Corp (TRGP) - Targa Resources Corp to Acquire Lucid Energy From Riverstone Holdings and Goldman Sachs Asset Management for $3.55bn; Provides Updated 2022 Standalone Financial Outlook.
Targa Resources Corp - Deal for $3.55 Billion in Cash.
Targa Resources - Now Estimates Standalone 2022 Adjusted EBITDA to Be Between $2.675 Billion and $2.775 Billion and Year-end Leverage Ratio of About 2.7 Times.
Targa Resources Corp - Acquisition is Expected to Be Immediately Accretive to Distributable Cash Flow per Share.
Targa Resources - Fully Cash and Debt-financed Transaction; Expect Pro Forma Year-end 2022 Leverage Ratio Around 3.5 Times and Improving Thereafter.
Targa Resources Corp - Fully Cash and Debt-financed Transaction.