TULSA, Okla.--(BUSINESS WIRE)-- 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%. ...
TULSA, Okla.--(BUSINESS WIRE)-- 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: or by dialing (877) 545-0523 and providing conference code: 395492. An archived audio replay of the call will be availab...
TULSA, Okla.--(BUSINESS WIRE)-- 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 di...
TULSA, Okla.--(BUSINESS WIRE)-- 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 o...
TULSA, Okla.--(BUSINESS WIRE)-- 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 . 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 ...
TULSA, Okla.--(BUSINESS WIRE)-- 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: or by dialing (844) 369-8770 and providing conference code: NGL Energy Partners. An archived audio replay of the call will be ...
TULSA, Okla.--(BUSINESS WIRE)-- 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 distrib...
TULSA, Okla.--(BUSINESS WIRE)-- 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 impairme...
TULSA, Okla.--(BUSINESS WIRE)-- 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 approp...
TULSA, Okla.--(BUSINESS WIRE)-- 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: or by dialing (888) 506-0062 and providing access code: 410412. An archived audio replay of the call will be available for 14 days, wh...
TULSA, Okla.--(BUSINESS WIRE)-- NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner approved distributions to fully pay the remaining distribution arrearage on the Class B, Class C and Class D Preferred Units. The arrearage payment will be made to the holders of the Partnership’s 12.544% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Class B Preferred Units”) and the 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Class C Preferred Units”) in accordance with the terms out...
TULSA, Okla.--(BUSINESS WIRE)-- 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 capital Including 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 ...
TULSA, Okla.--(BUSINESS WIRE)-- NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner approved a distribution of 55.4% of the outstanding arrearages for the quarter ending March 31, 2024 to be paid to the holders of the Partnership’s 12.544% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Class B Preferred Units”) and the 9.625% Class C Fixed-to-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...
TULSA, Okla.--(BUSINESS WIRE)-- NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today provided an update on the expected availability of the partnership’s 2023 Investor Tax Packages including Schedule K-1 for its common unitholders. Historically, NGL’s Investor Tax Packages have been available by early March for the preceding tax year; however, the timing of the availability of NGL’s 2023 Investor Tax Packages is dependent upon actions of the U.S. Congress and the Biden administration with regard to the passage, or not, of the Tax Relief for American Families and...
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