NGL Energy Partners LP engages in the crude oil and liquids logistics, and water solution businesses. The company's Crude Oil Logistics segment purchases crude oil from producers and marketers, and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, and pipeline transportation services. Its Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and brackish non-potable water. The company's Liquids Logistics segment supplies natural gas liquids, refined petroleum products, and biodiesel to commercial, retail, and industrial customers in the United States and Canada through its 28 terminals, third-party storage and terminal facilities, and common carrier pipelines, as well as through fleet of leased railcars. This segment is also involved in the marine export of butane through its facility located in Chesapeake, Virginia; and offers terminaling and storage services. NGL Energy Holdings LLC serves as the general partner of the company. The company was founded in 1940 and is headquartered in Tulsa, Oklahoma.
IPO Year: 2011
Exchange: NYSE
Website: nglenergypartners.com
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Wells Fargo reiterated coverage of NGL Energy Partners with a rating of Underweight and set a new price target of $2.25 from $2.00 previously
UBS upgraded NGL Energy Partners from Sell to Neutral and set a new price target of $3.00 from $2.00 previously
NGL Energy Partners LP (NYSE:NGL) ("NGL," "we," "us," "our," or the "Partnership") today reported its third quarter Fiscal 2025 financial results. Highlights include: Net income for the third quarter of Fiscal 2025 of $14.6 million, compared to net income of $45.8 million for the third quarter of Fiscal 2024 Adjusted EBITDA(1) for the third quarter of Fiscal 2025 of $147.7 million, compared to $151.7 million for the third quarter of Fiscal 2024 Produced water volumes processed of approximately 2.62 million barrels per day during the third quarter of Fiscal 2025, growing 10.4% from the third quarter of Fiscal 2024 We commenced operations on our expanded Lea County Express Pipelin
NGL Energy Partners LP (NYSE:NGL) ("NGL," "we," "us," "our," or the "Partnership") today reported its second quarter Fiscal 2025 financial results. Highlights include: Net income for the second quarter of Fiscal 2025 of $3.4 million, compared to net income of $28.3 million for the second quarter of Fiscal 2024 Adjusted EBITDA(1) for the second quarter of Fiscal 2025 of $147.3 million, compared to $176.2 million for the second quarter of Fiscal 2024 On August 5, 2024, we amended the Term Loan B agreement to reduce the SOFR margin from 4.50% to 3.75%. Highlights for the period subsequent to September 30, 2024: On November 1, 2024, we commenced operations on our expanded Lea Cou
NGL Energy Partners LP (NYSE:NGL) ("NGL," "we," "us," "our," or the "Partnership") today reported its first quarter Fiscal 2025 financial results. Highlights include: Net income for the first quarter of Fiscal 2025 of $10.5 million, compared to net income of $19.6 million for the first quarter of Fiscal 2024 Adjusted EBITDA(1) for the first quarter of Fiscal 2025 of $144.3 million, compared to $134.7 million for the first quarter of Fiscal 2024 On April 4, 2024, the board of directors of our general partner declared a cash distribution of 55.4% of the outstanding distribution arrearages through the quarter ended March 31, 2024 to the holders of the Class B preferred units, the Clas
NGL Energy Partners LP (NYSE:NGL) ("NGL," ""we," "us," "our," or the "Partnership") today reported its fourth quarter and full year fiscal 2024 results. Highlights for the fiscal year and quarter ended March 31, 2024 include: A net loss for full year Fiscal 2024 of $143.1 million, compared to net income of $52.5 million for full year Fiscal 2023; a net loss for the fourth quarter of Fiscal 2024 of $236.7 million, compared to a net loss of $33.2 million for the fourth quarter of Fiscal 2023. The fourth quarter of Fiscal 2024 includes a loss from the impairment of goodwill, an adverse litigation judgment and call premiums and other costs related to our refinancing. Adjusted EBITDA(1)
NGL Energy Partners LP (NYSE:NGL) ("NGL," "we," "us," "our," or the "Partnership") today reported its third quarter Fiscal 2024 financial results. Highlights include: Net income for the third quarter of Fiscal 2024 of $45.8 million, compared to net income of $59.0 million for the third quarter of Fiscal 2023 which included income of $29.5 million from the settlement of a dispute Adjusted EBITDA(1) for the third quarter of Fiscal 2024 of $151.7 million, compared to $193.3 million for the third quarter of Fiscal 2023 Total leverage at the end of the quarter was 4.26 times, versus 5.28 times at the end of the third quarter of Fiscal 2023 On December 6, 2023, we announced an open se
NGL Energy Partners LP (NYSE:NGL) ("NGL," "our," "we," or the "Partnership") today reported its second quarter Fiscal 2024 financial results. Highlights include: Net income for the second quarter of Fiscal 2024 of $28.3 million, compared to net income of $3.6 million for the second quarter of Fiscal 2023 Adjusted EBITDA(1) for the second quarter of Fiscal 2024 of $176.2 million, compared to $142.2 million for the second quarter of Fiscal 2023 Produced water volumes processed of approximately 2.44 million barrels per day during the second quarter of Fiscal 2024, growing 7.7% from the second quarter of Fiscal 2023. Including minimum volume commitment payments, the Partnership receive
NGL Energy Partners LP (NYSE:NGL) ("NGL," "our," "we," or the "Partnership") today reported its first quarter Fiscal 2024 financial results. Highlights include: Net income for the first quarter of Fiscal 2024 of $19.6 million, compared to net income of $23.1 million for the first quarter of Fiscal 2023 Adjusted EBITDA(1) for the first quarter of Fiscal 2024 of $134.7 million, compared to $123.9 million for the first quarter of Fiscal 2023 Produced water volumes processed of approximately 2.46 million barrels per day during the first quarter of Fiscal 2024, growing 14.1% from the first quarter of Fiscal 2023 Water Solutions' quarterly Adjusted EBITDA(1) of $123.2 million for the
NGL Energy Partners LP (NYSE:NGL) ("NGL," "our," "we," or the "Partnership") today reported its fourth quarter and full year fiscal 2023 results. Highlights for the fiscal year and quarter ended March 31, 2023 include: Net income for full year Fiscal 2023 of $52.5 million, compared to a net loss of $184.1 million for full year Fiscal 2022; a net loss for the fourth quarter of Fiscal 2023 of $33.2 million, compared to a net loss of $29.4 million for the fourth quarter of Fiscal 2022 Adjusted EBITDA(1) for full year Fiscal 2023 of $632.7 million, compared to $542.5 million for full year Fiscal 2022; Adjusted EBITDA(1) for the fourth quarter of Fiscal 2023 of $173.3 million, compared t
NGL Energy Partners LP (NYSE:NGL) ("NGL," "our," "we," or the "Partnership") today reported its third quarter Fiscal 2023 financial results. Highlights include: Net income for the third quarter of Fiscal 2023 of $59.0 million, compared to a net loss of $19.0 million for the third quarter of Fiscal 2022; Net income for the first nine months of Fiscal 2023 of $85.7 million, compared to a net loss of $154.7 million for the comparable period of Fiscal 2022 Adjusted EBITDA(1) for the third quarter of Fiscal 2023 of $193.3 million, compared to $147.7 million for the third quarter of Fiscal 2022; Adjusted EBITDA for the first nine months of Fiscal 2023 of $459.4 million, compared to $385.1 mi
NGL Energy Partners LP (NYSE:NGL) ("NGL," "our," "we," or the "Partnership") today reported its second quarter Fiscal 2023 financial results. Highlights include: Net income for the second quarter of Fiscal 2023 of $3.6 million, compared to a net loss of $1.2 million for the second quarter of Fiscal 2022; Net income for the first six months of Fiscal 2023 of $26.7 million, compared to a net loss of $135.7 million for the comparable period of Fiscal 2022 Adjusted EBITDA(1) for the second quarter of Fiscal 2023 of $142.2 million, compared to $146.3 million for the second quarter of Fiscal 2022; Adjusted EBITDA for the first six months of Fiscal 2023 of $266.1 million, compared to $237.4 m
NGL Energy Partners LP (NYSE:NGL) announced today that it plans to issue its fiscal year ended March 31, 2025 earnings press release post-market close on Thursday, May 29, 2025. Members of NGL's management team intend to host an earnings call following this release on Thursday, May 29, 2025 at 4:00 pm CT to discuss its financial results. Analysts, investors, and other interested parties may join the webcast via the event link: https://www.webcaster4.com/Webcast/Page/2808/52485 or by dialing (888) 506-0062 and providing conference code: 625196. An archived audio replay of the call will be available for 14 days, which can be accessed by dialing (877) 481-4010 and providing replay passcode 524
NGL Energy Partners LP (NYSE:NGL) ("NGL," or the "Partnership") announces the closing of multiple asset sales, including the previously announced sale of 17 of its natural gas liquids terminals and the Green Bay terminal. In addition, NGL closed on the sale of its Rack Marketing refined products business, its Limestone Ranch ownership, and our remaining crude rail car fleet and other miscellaneous proceeds. These non-core asset sales allow NGL to focus on its core assets in the portfolio and redirect the capital to improving the capital structure. "These asset sales reduce the volatility and seasonality of our Adjusted EBITDA and working capital requirements. The proceeds will be used to p
Diversified Energy Company PLC ("Diversified" or the "Company") Board of Director Updates BIRMINGHAM, Ala., April 14, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company PLC (LSE: DEC) (NYSE:DEC) is pleased to announce that its Board of Directors (the "Board") has appointed Randall Wade as an independent non-executive director, effective 11 April 2025. Mr. Wade is a Co-Founder of EIG and a member of its Investment and Executive Committees. He has broad involvement in the firm's various activities including investments, investor relations, operations and strategic initiatives. Since joining EIG in 1996, Mr. Wade has filled various roles including President, Chief Operating Officer, head
NGL Energy Partners LP (NYSE:NGL) announced today that the Board of Directors of its general partner declared a distribution for the quarter ending March 31, 2025 to be paid to the holders of the Partnership's 11.803% Class B Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Class B Preferred Units") and the 11.713% Class C Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Class C Preferred Units") in accordance with the terms outlined in NGL's partnership agreement. Each of the Class B Preferred Units will receive a quarterly distribution of $0.7377 and each of the Class C Preferred Units will receive a quarterly distribution of $0.7320 per unit on April 15, 202
Golden Gate Capital, a San Francisco-based private equity firm, today announced the completion of its sale of Stonehill Environmental Partners ("Stonehill" or the "Company"), an energy infrastructure company. Financial terms of the transaction were not disclosed. Launched in 2021 with a de-novo investment from Golden Gate Capital in partnership with Stonehill CEO Jay Parkinson, Stonehill is an environmental services business that enables energy customers to recycle and dispose of water safely, reliably, economically, and with minimal carbon emissions. Since Golden Gate Capital's investment, the business has quadrupled earnings organically through growth of both new and existing contracts w
NGL Energy Partners LP (NYSE:NGL) ("NGL," "we," "us," "our," or the "Partnership") today reported its third quarter Fiscal 2025 financial results. Highlights include: Net income for the third quarter of Fiscal 2025 of $14.6 million, compared to net income of $45.8 million for the third quarter of Fiscal 2024 Adjusted EBITDA(1) for the third quarter of Fiscal 2025 of $147.7 million, compared to $151.7 million for the third quarter of Fiscal 2024 Produced water volumes processed of approximately 2.62 million barrels per day during the third quarter of Fiscal 2025, growing 10.4% from the third quarter of Fiscal 2024 We commenced operations on our expanded Lea County Express Pipelin
NGL Energy Partners LP (NYSE:NGL) announced today that it plans to issue its fiscal quarter-ended December 31, 2024 earnings press release post-market close on Monday, February 10, 2025. Members of NGL's management team intend to host an earnings call following this release on Monday, February 10, 2025 at 4:00 pm CT to discuss its financial results. Analysts, investors, and other interested parties may join the webcast via the event link: https://www.webcaster4.com/Webcast/Page/2808/51875 or by dialing (888) 506-0062 and providing conference code: 239040. An archived audio replay of the call will be available for 14 days, which can be accessed by dialing (877) 481-4010 and providing replay
NGL Energy Partners LP (NYSE:NGL) announced today that the Board of Directors of its general partner declared a distribution for the quarter ending December 31, 2024 to be paid to the holders of the Partnership's 12.068% Class B Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Class B Preferred Units") and the 11.977% Class C Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Class C Preferred Units") in accordance with the terms outlined in NGL's partnership agreement. Each of the Class B Preferred Units will receive a quarterly distribution of $0.7542 and each of the Class C Preferred Units will receive a quarterly distribution of $0.7486 per unit on January 15
NGL Energy Partners LP (NYSE:NGL) ("NGL," "we," "us," "our," or the "Partnership") today reported its second quarter Fiscal 2025 financial results. Highlights include: Net income for the second quarter of Fiscal 2025 of $3.4 million, compared to net income of $28.3 million for the second quarter of Fiscal 2024 Adjusted EBITDA(1) for the second quarter of Fiscal 2025 of $147.3 million, compared to $176.2 million for the second quarter of Fiscal 2024 On August 5, 2024, we amended the Term Loan B agreement to reduce the SOFR margin from 4.50% to 3.75%. Highlights for the period subsequent to September 30, 2024: On November 1, 2024, we commenced operations on our expanded Lea Cou
NGL Energy Partners LP (NYSE:NGL) announced today that it plans to issue its fiscal quarter-ended September 30, 2024 earnings press release post-market close on Tuesday, November 12, 2024. Members of NGL's management team intend to host an earnings call following this release on Tuesday, November 12, 2024 at 4:00 pm CT to discuss its financial results. Analysts, investors, and other interested parties may join the webcast via the event link: https://www.webcaster4.com/Webcast/Page/2808/51470 or by dialing (877) 545-0523 and providing conference code: 395492. An archived audio replay of the call will be available for 14 days, which can be accessed by dialing (877) 481-4010 and providing repl
NGL Energy Partners LP (NYSE:NGL) ("the "Partnership" or "NGL") announced an increase to its Fiscal 2023 Adjusted EBITDA guidance today. The Partnership has increased its Adjusted EBITDA guidance for the current fiscal year from greater than $600 million to greater than $630 million. Of this amount, more than $430 million is expected to be generated from the Partnership's Water Solutions segment. Additionally, the Partnership disclosed that it has reduced debt balances by approximately $227 million during its third fiscal quarter and has a total debt balance of $3.258 billion as of December 31, 2022. "We are excited to update our Fiscal 2023 Adjusted EBITDA guidance to greater than $630 mi
NGL Energy Partners LP (NYSE:NGL) today announces that Linda Bridges will be promoted to Executive Vice President and Chief Financial Officer effective September 30, 2021 and will be reporting to H. Michael Krimbill, the Partnership's Chief Executive Officer. Ms. Bridges joined the Partnership in June 2016 as the Partnership's Vice President of Finance and Treasurer and was promoted to Senior Vice President of Finance and Treasurer in April 2018. Prior to joining the Partnership, Ms. Bridges spent nine years in the commercial division at Bank of Oklahoma, primarily as a lender to both upstream and midstream energy clients. Linda holds a Masters of Business Administration from the Universit
DENVER, July 1, 2021 /PRNewswire-PRWeb/ -- Mission Energy LLC, a growing provider of clean energy projects to nonprofits, announced today the appointment of Johan Themaat as Chief Financial Officer and Managing Member effective June 1, 2021. Dan Last, Mission Energy's Co-Founder and COO commented, "We are excited to have Johan join Mission Energy. Johan is a seasoned executive and his strong background in developing and operating energy assets, and leading energy transactions and financings, makes him the right choice to join our leadership team. Johan has earned a reputation as a trusted team player and 'hands on' problem solver, and we welcome his contribution to grow our business across N