NGL Energy Partners LP (N:NGL)

Business Focus: Oil & Gas Refining and Marketing

Sector:  Energy Industry:  Oil & Gas Refining and Marketing
 
See Regulatory Filings on SEC
Company Contact
Address: 6120 S. Yale, Suite 1300
TULSA OK 74136
Tel: N/A
Website: www.nglenergypartners.com
IR: See website
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Key People
H. Michael Krimbill
Chief Executive Officer, Director of the General Partner
Bradley P. Cooper
Chief Financial Officer, Executive Vice President
Kurston Patrick McMurray
Executive Vice President, General Counsel, Secretary of the General Partner
Lawrence J. Thuillier
Chief Accounting Officer of the General Partner
   
Business Overview
NGL Energy Partners LP is a diversified midstream energy partnership that transports, treats, recycles, and disposes of produced water generated as part of the energy production process as well as transports, stores, markets and provides other logistics services for crude oil and liquid hydrocarbons. The Company's Water Solutions segment transports, treats, recycles, and disposes of produced and flowback water generated from crude oil and natural gas production. Its Crude Oil Logistics segment purchases crude oil from producers and marketers and transports it to refineries or for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs, and provides storage, terminaling, and transportation services through its owned assets. Its Liquids Logistics segment conducts supply operations for natural gas liquids, refined petroleum products and biodiesel to a range of commercial, retail, and industrial customers.
Financial Overview
For the nine months ended 31 December 2023, NGL Energy Partners LP revenues decreased 20% to $5.33B. Net loss applicable to common stockholders increased 96% to $10.9M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Corporate and other segment loss increase of 78% to $45.5M, Crude Oil Logistics segment income decrease of 28% to $48.8M.
Employees: 638 as of Mar 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $4,292M as of Dec 31, 2023
Annual revenue (TTM): $7,376M as of Dec 31, 2023
EBITDA (TTM): $647.16M as of Dec 31, 2023
Net annual income (TTM): -$78.61M as of Dec 31, 2023
Free cash flow (TTM): $316.96M as of Dec 31, 2023
Net Debt Last Fiscal Year: $2,683M as of Dec 31, 2023
Shares outstanding: 145,098,408 as of Feb 7, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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