NGL Energy Partners Expects FY25 Consolidated Adjusted EBITDA Of $665M
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NGL Energy Partners Expects FY25 Consolidated Adjusted EBITDA Of $665M
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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
4 - NGL Energy Partners LP (0001504461) (Issuer)
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) ("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
3 - NGL Energy Partners LP (0001504461) (Issuer)
4 - NGL Energy Partners LP (0001504461) (Issuer)
4 - NGL Energy Partners LP (0001504461) (Issuer)
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) announced today that the Board of Directors of its general partner declared a distribution for the quarter ending September 30, 2024 to be paid to the holders of the Partnership's 12.806% Class B Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Class B Preferred Units") and the 12.716% 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 $0.8004 and each of the Class C Preferred Units will receive a quarterly distribution of $0.7947 per unit on October 1
NGL Energy Partners LP (NYSE:NGL) announced today that the Board of Directors of its general partner declared a distribution for the quarter ending June 30, 2024 to be paid to the holders of the Partnership's 12.511% Class B Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Class B Preferred Units") and the 12.682% 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 $0.7820 and each of the Class C Preferred Units will receive a quarterly distribution of $0.7926 per unit on July 15, 2024,
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10-Q - NGL Energy Partners LP (0001504461) (Filer)
8-K - NGL Energy Partners LP (0001504461) (Filer)
8-K - NGL Energy Partners LP (0001504461) (Filer)