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
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) ("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," or the "Partnership") announced today that its 2023 Schedule K-3s reflecting items of international tax relevance are available online. Unitholders requiring this information may access their Schedule K-3 at www.taxpackagesupport.com/ngl. A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your federal income tax return filing needs, we encourage you to review the information
NGL Energy Partners LP (NYSE:NGL) announced today that it plans to issue its fiscal quarter - ended June 30, 2024 earnings press release post-market close on Thursday, August 8, 2024. Members of NGL's management team intend to host an earnings call following this release on Thursday, August 8, 2024 at 4:00 pm CDT 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/2808/50965 or by dialing (844) 369-8770 and providing conference code: NGL Energy Partners. An archived audio replay of the call will be available for 14 days, which can be accessed by dialing (877) 481-4010 and providi
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,
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," or the "Partnership") announced today that the Board of Directors of its general partner has authorized a common unit repurchase program, under which NGL may repurchase up to $50 million of its outstanding units representing limited partnership interests of NGL and does not have a fixed expiration date. Under the common unit repurchase program, NGL may purchase shares of common units on a discretionary basis from time to time through open market transactions or privately negotiated transactions at prices deemed appropriate by NGL. In addition, at the discretion of NGL, open market repurchase of common units may also be made under a Rule 10b5-1 pla
NGL Energy Partners LP (NYSE:NGL) announced today that it plans to issue its fiscal year ended March 31, 2024 earnings press release post-market close on Thursday, June 6, 2024. Members of NGL's management team intend to host an earnings call following this release on Thursday, June 6, 2024 at 4:00 pm CDT 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/2808/50611 or by dialing (888) 506-0062 and providing access code: 410412. 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 50611.
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
10-Q - NGL Energy Partners LP (0001504461) (Filer)
8-K - NGL Energy Partners LP (0001504461) (Filer)
8-K - NGL Energy Partners LP (0001504461) (Filer)
10-Q - NGL Energy Partners LP (0001504461) (Filer)
10-K - NGL Energy Partners LP (0001504461) (Filer)
10-Q - NGL Energy Partners LP (0001504461) (Filer)
8-K - NGL Energy Partners LP (0001504461) (Filer)
8-K - NGL Energy Partners LP (0001504461) (Filer)
8-K - NGL Energy Partners LP (0001504461) (Filer)
10-Q - NGL Energy Partners LP (0001504461) (Filer)
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
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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) ("NGL," "our," "we," or the "Partnership") today reported its first quarter Fiscal 2023 financial results. Highlights include: Net income for the first quarter of Fiscal 2023 of $23.1 million, compared to a net loss of $134.5 million for the first quarter of Fiscal 2022 Adjusted EBITDA(1) for the first quarter of Fiscal 2023 of $123.9 million, compared to $91.1 million for the first quarter of Fiscal 2022 Record Water Solutions quarterly Adjusted EBITDA(1) of $105.0 million, a 28.9% increase compared to the first quarter of Fiscal 2022 and a 16.4% increase from the immediately preceding fiscal quarter Record produced water volumes processed of appro
3 - NGL Energy Partners LP (0001504461) (Issuer)
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4 - NGL Energy Partners LP (0001504461) (Issuer)
4 - NGL Energy Partners LP (0001504461) (Issuer)
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,
NGL Energy Partners (NYSE:NGL) reported quarterly losses of $(2.05) per share which missed the analyst consensus estimate of $0.19 by 1178.95 percent. This is a 301.96 percent decrease over losses of $(0.51) per share from the same period last year. The company reported quarterly sales of $1.629 billion which missed the analyst consensus estimate of $1.970 billion by 17.31 percent. This is a 20.46 percent decrease over sales of $2.048 billion the same period last year.
NGL Energy Partners LP (NYSE:NGL) ("NGL," or the "Partnership") announced today that it has completed the sale of its North and South Ranches. These two New Mexico ranches have combined acreage of approximately 122,250 acres, in the core of the Delaware.New Mexico Ranches Highlights:Approximately $70.0 million in proceeds, including working capitalIncluding asset sales in FY24, we have exceeded the $150 million asset sale guidance"NGL remains focused on our commitment to deliver reliable produced water management for our customers while remaining focused on the environment and the sustainability of our operations," commented Doug White, EVP of NGL Water Solutions. "Today's announcement highl
NGL Energy Partners (NYSE:NGL) reported its Q3 earnings results on Thursday, February 8, 2024 at 04:33 PM. Here's what investors need to know about the announcement. Earnings NGL Energy Partners beat estimated earnings by 166.67%, reporting an EPS of $0.08 versus an estimate of $0.03. Revenue was down $269.00 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.04 which was followed by a 5.05% drop in the share price the next day. Here's a look at NGL Energy Partners's past performance: Quarter Q2 2024 Q1 2024 Q4 2023 Q3 2023 EPS Estimate -0.01 0.16 0.15 0.12 EPS Actual -0.05 -0.11 0.10 0.19 Revenue Estimate 2.09B 2.11B 2.3
NGL Energy Partners (NYSE:NGL) reported quarterly earnings of $0.08 per share. This is a 57.89 percent decrease over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $1.87 billion which missed the analyst consensus estimate of $2.05 billion by 8.63 percent. This is a 12.58 percent decrease over sales of $2.14 billion the same period last year.
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NGL Energy Partners (NYSE:NGL) is set to give its latest quarterly earnings report on Thursday, 2024-02-08. Here's what investors need to know before the announcement. Analysts estimate that NGL Energy Partners will report an earnings per share (EPS) of $0.03. NGL Energy Partners bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.04, which was followed by a 5