UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Explanatory Note
As reported in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on August 1, 2022, as amended by a Current Report on Form 8-K/A filed with the SEC on October 11, 2022, Targa Resources Corp., a Delaware corporation (the “Company”) completed the acquisition (the “Lucid Acquisition”) of all of the issued and outstanding interests of Lucid Energy Delaware, LLC, a Delaware limited liability company (“Lucid”), on July 29, 2022. This Current Report on Form 8-K is being filed to provide the unaudited condensed consolidated financial statements of Lucid Energy Group II LLC, a Delaware limited liability company (“Lucid Parent”), as of and for the six months ended June 30, 2022 and the unaudited pro forma combined financial statement of the Company for the year ended December 31, 2022 (the “pro forma financial statement”) so that such financial statements are available to be incorporated into any future registration statements (or amendments thereto). A pro forma balance sheet is not presented for the year ended December 31, 2022, as Targa’s most recent balance sheet already reflects the consummated transaction. This Current Report on Form 8-K should be read in connection with the Company’s August 1 and October 11, 2022 filings referenced above, which together provide a more complete description of the Lucid Acquisition.
The pro forma financial statement is based on the historical financial statements of Lucid Parent because substantially all of its operating assets and liabilities are those of Lucid. The elimination of specified assets and liabilities not acquired or assumed by the Company is depicted in the pro forma financial statement presenting the effects of the Lucid Acquisition.
| Item 9.01 | Financial Statements and Exhibits. |
(a) Financial Statements of Business Acquired.
The Unaudited Condensed Consolidated Financial Statements of Lucid Parent as of and for the six months ended June 30, 2022 (unaudited), including the notes thereto, are filed herewith as Exhibit 99.1.
(b) Pro Forma Financial Information.
The unaudited pro forma combined financial statement of the Company for the year ended December 31, 2022, including the notes thereto, are filed herewith as Exhibit 99.2.
(d) Exhibits
| 99.1 | Unaudited Condensed Consolidated Financial Statements of Lucid Energy Group II LLC as of and for the six months ended June 30, 2022 (unaudited), including the notes thereto. | |
| 99.2 | Unaudited pro forma combined financial statement of the Company for the year ended December 31, 2022, including the notes thereto. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| TARGA RESOURCES CORP. | ||||||
| Dated: March 31, 2023 | By: | /s/ Jennifer R. Kneale | ||||
| Jennifer R. Kneale | ||||||
| Chief Financial Officer | ||||||