The Online Investor
Daily M&A
Contrarian Outlook
Stock Option Ideas
Preferred Stock Newsletter

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Tue., Jun. 28, 7:44 PM

Slide #83. Targa Resources Corp. Lucid Energy

Acquirer: Targa Resources Corp. (NYSE:TRGP)
Acquiree: Lucid Energy
Details: Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") and Lucid Energy Group, a leading privately held natural gas processor in the Permian Basin, announced today a definitive agreement under which a wholly-owned subsidiary of Targa will acquire Lucid Energy Delaware, LLC ("Lucid") from Riverstone Holdings LLC ("Riverstone") and Goldman Sachs Asset Management ("Goldman Sachs"), for $3.55 billion in cash.

Targa Resources is a provider of midstream services. Co. operates in two segments: Gathering and Processing, which consists of gathering, compressing, treating, processing, transporting and purchasing and selling natural gas and gathering, storing, terminaling and purchasing and selling crude oil; and Logistics and Transportation, which includes activities necessary to convert mixed natural gas liquids (NGLs) into NGL products and includes other assets and services such as transporting, storing, fractionating, terminaling, and marketing of NGLs and NGL products, including services to LPG exporters and certain natural gas supply and marketing activities in support of its other businesses.

TRGP SEC Filing Email Alerts Service

Open the TRGP Page at The Online Investor »

Company Name:  Targa Resources Corp
Sector:  Oil & Gas Refining & Marketing
Number of ETFs Holding TRGP:  85
Total Market Value Held by ETFs:  $2.46B
Total Market Capitalization:  $13.26B
% of Market Cap. Held by ETFs:  18.54%

Open the TRGP Page at The Online Investor (in a new window) »

June 28, 2022    7:44 PM Eastern
Quotes delayed 20 minutes

Email EnvelopeFree TRGP Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Strong Buy (3.92 out of 4)
66th percentile
(ranked higher than approx. 66% of all stocks covered)

Analysts' Target Price:
TRGP Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Mergers & Acquisitions | | Copyright © 1998 - 2022, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.