NGL Energy Partners LP (N:NGL)

Business Focus: Oil & Gas Refining and Marketing

May 23, 2019 05:02 am ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Energy Index
DALLAS, May 23, 2019 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® Energy Index (the "Index") as part of normal index operations. After the markets close on May 31, 2019, the constituents of the Index will be rebalanced, and the following changes will become effective on June 3, 2019:...
May 23, 2019 05:02 am ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Energy Supply Chain Index
DALLAS, May 23, 2019 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® Energy Supply Chain Index (the "Index") as part of normal index operations. After the markets close on May 31, 2019, the constituents of the Index will be rebalanced, and the following changes will become effective on June 3, 2019:...
May 23, 2019 05:02 am ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Utility Index
DALLAS, May 23, 2019 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® Utility Index (the "Index") as part of normal index operations. After the markets close on May 31, 2019, the constituents of the Index will be rebalanced, and the following changes will become effective on June 3, 2019:...
May 23, 2019 05:02 am ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing®Transportation Index
DALLAS, May 23, 2019 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® Transportation Index (the "Index") as part of normal index operations. After the markets close on May 31, 2019, the constituents of the Index will be rebalanced, and the following changes will become effective on June 3, 2019:...
May 23, 2019 02:40 am ET
NGL Energy Partners LP Announces Timing of Fiscal 2019 Fourth Quarter Earnings Release and Conference Call
NGL Energy Partners LP (NYSE:NGL) plans to issue its fiscal fourth quarter ended March 31, 2019, earnings press release pre-market open on Thursday, May 30, 2019. Members of NGL’s management team intend to host an earnings call following this release on Thursday, May 30, 2019, at 10:00 am CDT to discuss its financial results. Analysts, investors, and other interested parties may access the conference call by dialing (800) 291-4083 and providing access code 7847108. An archived audio replay of the call will be available for 7 days beginning at 10
May 14, 2019 02:30 am ET
NGL Energy Partners LP Announces Combination with Mesquite
TULSA, Okla., May 14, 2019 /PRNewswire/ -- NGL Energy Partners LP (NYSE: NGL) ("NGL") announced it has executed a definitive agreement to combine all of the assets of Mesquite Disposals Unlimited, LLC ("Mesquite") with NGL's Water Solutions business for approximately $890 million on a cash-free, debt-free basis. Mesquite SWD Inc. will remain the operator of the Mesquite assets led by Mesquite's current management team.  The assets consist of a fully interconnected produced water pipeline transportation and disposal system in Eddy and Lea Counties, New Mexico, and Loving County, Texas.  At cl...
May 13, 2019 02:45 am ET
NGL Energy Partners LP Announces Redemption of Its 10.75% Class A Convertible Preferred Units
NGL Energy Partners LP (NYSE:NGL) (the “Partnership” or “NGL”) announced today that it has redeemed all 12,473,191 of the remaining issued and outstanding 10.75% Class A Convertible Preferred Units (“Class A Preferred Units”) for a total redemption price of $13.2385 per unit, calculated as 110% of $12.035 per unit (the Class A Preferred Unit Price), or $165.1 million in total, plus all accrued but unpaid and accumulated distributions to, but not including, the redemption date of May 11, 2019. The redemption was funded through borrowings o
Apr 24, 2019 02:32 pm ET
NGL Energy Partners Announces Quarterly Cash Distribution
NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner has declared a quarterly distribution of $0.39 per unit, or $1.56 per unit on an annualized basis, for the quarter ended March 31, 2019. This cash distribution is payable on May 15, 2019 to common unitholders of record at the close of business on May 7, 2019.
Apr 16, 2019 03:20 am ET
Investor Expectations to Drive Momentum within Washington Prime Group, Noble Midstream Partners LP, Omeros, NGL Energy Partners LP, Appian, and WillScot — Discovering Underlying Factors of Influence
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Washington Prime Group Inc. (NYSE:WPG), Noble Midstream Partners LP...
Apr 10, 2019 02:30 am ET
NGL Energy Partners LP Provides Summary of Recent Financing Transactions
NGL Energy Partners LP (NYSE:NGL) (the “Partnership”) today announced the recent completion of the following financing transactions:
Apr 04, 2019 02:10 pm ET
NGL Energy Partners LP Announces Pricing of $450 Million of Senior Notes
NGL Energy Partners LP (NYSE:NGL) and its wholly owned subsidiary NGL Energy Finance Corp. today announced that they have priced a private offering of $450 million aggregate principal amount of 7.500% senior notes due 2026. NGL expects to use the net proceeds of this offering to repay indebtedness under its revolving credit facility, which NGL may reborrow from time to time in the future for general partnership purposes.
Apr 03, 2019 04:09 am ET
NGL Energy Partners LP Announces $450 Million Offering of Senior Notes
NGL Energy Partners LP (NYSE:NGL) and its wholly owned subsidiary NGL Energy Finance Corp. today announced that they intend to offer, subject to market and other conditions, $450 million in aggregate principal amount of senior notes due 2026. NGL expects to use the net proceeds from this offering to repay indebtedness under its revolving credit facility, which NGL may reborrow from time to time in the future for general partnership purposes.
Mar 29, 2019 02:55 pm ET
NGL Energy Partners LP to Attend Mizuho Energy Summit
NGL Energy Partners LP (NYSE:NGL) announced today that it will attend the 3rd Annual Mizuho Energy Summit in Napa, California on April 1– 2, 2019. Members of NGL’s management team will be participating in a series of one-on-one meetings with members of the investment community at the conference.
Mar 27, 2019 02:37 am ET
NGL Energy Partners LP Announces Pricing of Class C Preferred Unit Offering
NGL Energy Partners LP (NYSE:NGL) announced on March 26, 2019, that it has priced its underwritten public offering of 1,600,000 of its 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units, liquidation preference $25.00 per unit, representing limited partner interests in NGL, at a price of $25.00 per Class C Preferred Unit. NGL has granted the underwriters a 30-day option to purchase up to 240,000 additional Class C Preferred Units, solely to cover over-allotments, if any. NGL expects to receive approximately
Mar 26, 2019 05:55 am ET
NGL Energy Partners LP Announces Public Offering of Class C Preferred Units
NGL Energy Partners LP (NYSE:NGL) today announced the commencement of an underwritten public offering of Class C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units, liquidation preference $25.00 per unit, representing limited partner interests in NGL. NGL will also grant the underwriters a 30-day option to purchase additional Class C Preferred Units, solely to cover over-allotments, if any. NGL intends to use the net proceeds from this offering to repay indebtedness under its revolving credit facility, which NGL may re-borrow
Mar 15, 2019 01:00 pm ET
NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B Preferred Units
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, 2019, to be paid to the holders of the Partnership’s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Class B Preferred Units”) in accordance with the terms outlined in NGL’s partnership agreement. The Class B Preferred Units distribution of $0.5625 per unit will be made on April 15, 2019, to holders of record on April 1, 2019.
Mar 01, 2019 10:31 am ET
NGL Energy Partners LP Closes Acquisition from DCP Midstream, LP
NGL Energy Partners LP (NYSE:NGL) (“NGL” or the “Partnership”) today announced that it has closed the previously announced transaction to acquire from DCP Midstream, LP (“DCP”) a wholesale propane and butane business, generally consisting of seven natural gas liquids terminals in the Eastern United States, including an import/export terminal located in Chesapeake, Virginia. In conjunction with the transaction, NGL has also entered into a new multi-year, minimum volume throughput contract with an international commodity business to export butane
Feb 28, 2019 12:52 pm ET
NGL Energy Partners LP Announces Completion of South Pecos Saltwater Disposal Assets Sale
NGL Energy Partners LP (NYSE:NGL) (“NGL” or the “Partnership”) today announced that it has closed the previously announced transaction to sell its South Pecos Water Disposal Assets to a subsidiary of WaterBridge Resources LLC (“WaterBridge”) for $238.8 million in cash proceeds at closing. NGL will use a portion of the proceeds from the sale to fund its previously announced acquisition of DCP Midstream, LP’s wholesale propane business and will use the remaining proceeds to partially fund the redemption of its 5.125% Senior Notes due 2019, which
Feb 28, 2019 02:10 am ET
Factors of Influence in 2019, Key Indicators and Opportunity within Franklin Resources, Heartland Express, Ameriprise Financial, Merck & Co., NGL Energy Partners LP, and ResMed — New Research Emphasiz
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Franklin Resources, Inc. (NYSE:BEN), Heartland Express, Inc....
Feb 13, 2019 11:52 am ET
NGL Energy Partners LP Announces Redemption of 5.125% Senior Notes due 2019
NGL Energy Partners LP (NYSE: NGL) (“NGL”) today announced that it has called for redemption all $328,005,000 aggregate outstanding principal amount of its 5.125% Senior Notes due 2019 (the “Notes”). On March 15, 2019 (the “Redemption Date”), registered holders of such notes will receive a redemption payment of equal to the Make-Whole Price applicable to a redemption of the Notes on such date.
Feb 11, 2019 01:35 am ET
NGL Energy Partners LP Announces Third Quarter Fiscal 2019 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported net income for the quarter ended December 31, 2018 of $110.5 million, compared to net income of $56.8 million for the quarter ended December 31, 2017.
Feb 01, 2019 11:45 am ET
NGL Energy Partners LP Announces Timing of Fiscal 2019 Third Quarter Earnings Release and Conference Call
NGL Energy Partners LP (NYSE:NGL) plans to issue its fiscal third quarter ended December 31, 2018 earnings press release pre-market open on Monday, February 11, 2019. Members of NGL’s management team intend to host an earnings call following this release on Monday, February 11, 2019 at 10:00 am CST to discuss its financial results. Analysts, investors, and other interested parties may access the conference call by dialing (800) 291-4083 and providing access code 9478607. An archived audio replay of the call will be available for 7 days beginning
Feb 01, 2019 06:37 am ET
Alerian Reports December 31, 2018 Index Linked Product Positions
DALLAS, Feb. 1, 2019 /PRNewswire/ -- Alerian reported index linked product positions of $12.2 billion as of December 31, 2018. Linked products include exchange-traded funds, exchange-traded notes, return of capital notes, and variable insurance portfolios....
Jan 30, 2019 11:45 am ET
DCP Announces Sale of Gas Supply Resources (GSR) Wholesale Propane Business to NGL Energy Partners LP
NGL Energy Partners LP (NYSE: NGL) (“NGL”) and DCP Midstream, LP (NYSE: DCP) (“DCP”) announced they have executed a purchase and sale agreement under which DCP will convey to NGL its wholesale propane business, generally consisting of seven natural gas liquids terminals in the Eastern United States. Under the terms of the agreement, NGL will acquire 100% ownership of five propane rail terminals operated by Gas Supply Resources, a subsidiary of DCP, and 50% ownership interest in a sixth propane rail terminal. The agreement also includes an
Jan 28, 2019 02:40 am ET
Recent Analysis Shows The Chemours, Inter Parfums, Newmont Mining, Sanderson Farms, NGL Energy Partners LP, and Hemispherx BioPharma Market Influences — Renewed Outlook, Key Drivers of Growth
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of The Chemours Company (NYSE:CC), Inter Parfums, Inc. (NASDAQ:IPAR), Newmont...
Jan 23, 2019 01:30 am ET
NGL Energy Partners Announces Quarterly Cash Distribution
NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner has declared a quarterly distribution of $0.39 per unit, or $1.56 per unit on an annualized basis, for the quarter ended December 31, 2018. This cash distribution is payable on February 14, 2019 to common unitholders of record at the close of business on February 6, 2019.
Jan 15, 2019 03:02 am ET
Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® MLP Market Cap Index
DALLAS, Jan. 15, 2019 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, and announce an upcoming interim change to the constituents of The Cushing® MLP Market Cap Index (the "Index"). On October 21, 2018, Index constituent EnLink Midstream Partners, LP (NYSE: ENLK) entered into an Agreement and Plan of Merger ("Merger Agreement") with EnLink Midstream, LLC (NYSE: ENLC) and affiliated entities wherein ENLC would acquire ENLK, subject to the approval of ENLK unitholders. A special meeting of ENLK unitholders is scheduled for January 23, 2019, for the purpose of voting on t...
Jan 14, 2019 11:40 am ET
NGL Energy Partners LP to Attend UBS Midstream, MLP & Utilities One-on-One Conference and US Capital Advisors Midstream Corporate Access Day
NGL Energy Partners LP (NYSE:NGL) announced today that it will attend the UBS Midstream, MLP & Utilities One-on-One Conference in Park City, Utah on January 14 – 16, 2019, and the US Capital Advisors Midstream Corporate Access Day in Houston, Texas on January 22, 2019. Members of NGL’s management team will be participating in a series of one-on-one meetings with members of the investment community at the conferences.
Dec 19, 2018 07:01 pm ET
NGL Energy Partners LP Announces Sale of South Pecos Water Disposal Assets to WaterBridge Resources LLC
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” or the “Partnership”) today announced that it has signed a definitive agreement to sell its South Pecos Water Disposal Assets to a subsidiary of WaterBridge Resources LLC (“WaterBridge”) for $238.8 million in cash proceeds at closing plus additional consideration upon meeting certain criteria.
Dec 19, 2018 10:35 am ET
NGL Energy Partners LP Hosts Research Analyst Day
NGL Energy Partners LP (NYSE:NGL) hosted a Research Analyst Day in Denver, Colorado on December 17-18, 2018 with sell-side analysts to discuss the Partnership’s Water Solutions business. Members of NGL’s management team participated in a formal presentation, as well as an asset tour of certain water facilities and the Lucerne terminal, which connects to the Grand Mesa Pipeline, in Weld County, Colorado.
Dec 17, 2018 06:52 am ET
NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B Preferred Units
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, 2018 to be paid to the holders of the Partnership’s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Class B Preferred Units”) in accordance with the terms outlined in NGL’s partnership agreement. The Class B Preferred Units distribution of $0.5625 per unit will be made on January 15, 2019 to holders of record on December 31, 2018.
Dec 10, 2018 02:20 am ET
Report: Developing Opportunities within Avangrid, GoDaddy, NGL Energy Partners LP, Lazard, Briggs & Stratton, and Celgene — Future Expectations, Projections Moving into 2019
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Avangrid, Inc. (NYSE:AGR), GoDaddy Inc. (NYSE:GDDY), NGL Energy Partners...
Dec 04, 2018 01:30 am ET
NGL Energy Partners LP to Attend Wells Fargo 17th Annual Midstream and Utility Symposium
NGL Energy Partners LP (NYSE:NGL) today announced that it will attend the Wells Fargo 17th Annual Midstream and Utility Symposium in New York, New York on December 5 and 6, 2018.
Dec 03, 2018 01:30 am ET
NGL Energy Partners LP Announces Completion of Bakken Saltwater Disposal Business Sale
NGL Energy Partners LP (NYSE:NGL) (“NGL”) today announced that it has closed the previously announced transaction to sell NGL Water Solutions Bakken, LLC, to an affiliate of Tallgrass Energy, LP (NYSE:TGE) for $91 million in cash proceeds. NGL plans to immediately repay indebtedness using the net proceeds from the sale.
Nov 13, 2018 01:30 am ET
NGL Energy Partners LP to Attend 2018 RBC Capital Markets Midstream Conference
NGL Energy Partners LP (NYSE:NGL) today announced that it will attend the 2018 RBC Capital Markets Midstream Conference in Dallas, Texas on November 13 and 14, 2018. Members of NGL’s management team will be participating in a series of one-on-one meetings with members of the investment community at the conference.
Nov 12, 2018 01:30 am ET
NGL Energy Partners LP Announces Agreement to Sell Its Bakken Saltwater Disposal Business to Tallgrass Energy
NGL Energy Partners LP (NYSE:NGL) (“NGL”, “we”, “our”, or the “Partnership”) today announced that it has entered into a definitive agreement to sell NGL Water Solutions Bakken, LLC to an affiliate of Tallgrass Energy, LP (NYSE:TGE) for $91.0 million in cash proceeds. Proceeds from this transaction will be used to further reduce Partnership indebtedness. NGL’s Bakken water operations include five saltwater disposal wells located in McKenzie and Dunn Counties, North Dakota. The Partnership has made the strategic decision to exit the Bakken
Nov 08, 2018 01:30 am ET
NGL Energy Partners LP Announces Second Quarter Fiscal 2019 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported net income for the quarter ended September 30, 2018 of $354.9 million, compared to a net loss of $173.6 million for the quarter ended September 30, 2017. Net income for the current quarter includes a gain of $408.6 million on the sale of virtually all of our remaining Retail Propane segment.
Oct 31, 2018 03:40 am ET
New Research: Key Drivers of Growth for NGL Energy Partners LP, GoDaddy, Mellanox Technologies, Granite Construction, NextEra Energy Partners, LP, and RLI — Factors of Influence, Major Initiatives and
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of NGL Energy Partners LP (NYSE:NGL), GoDaddy Inc. (NYSE:GDDY), Mellanox...
Oct 24, 2018 01:13 pm ET
NGL Energy Partners LP Announces Timing of Fiscal 2019 Second Quarter Earnings Release and Conference Call
NGL Energy Partners LP (NYSE:NGL) plans to issue its fiscal second quarter ended September 30, 2018 earnings press release pre-market open on Thursday, November 8, 2018. Members of NGL’s management team intends to host an earnings call following this release on Thursday, November 8, 2018 at 10:00 am CST to discuss its financial results. Analysts, investors, and other interested parties may access the conference call by dialing (800) 291-4083 and providing access code 5983587. An archived audio replay of the call will be available for 7 days begi
Oct 23, 2018 01:30 pm ET
NGL Energy Partners Announces Quarterly Cash Distribution
NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner has declared a quarterly distribution of $0.39 per unit, or $1.56 per unit on an annualized basis, for the quarter ended September 30, 2018. This cash distribution is payable on November 14, 2018 to common unitholders of record at the close of business on November 8, 2018.
Oct 02, 2018 03:30 am ET
Report: Developing Opportunities within Ethan Allen Interiors, Church & Dwight Co., NGL Energy Partners LP, Anworth Mortgage Asset, Tanger Factory Outlet Centers, and The Cheesecake Factory — Future E
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Ethan Allen Interiors Inc. (NYSE:ETH), Church Dwight Co., Inc....
Sep 27, 2018 08:56 am ET
NGL Resolves Matter with U.S. EPA
As previously disclosed, on July 19, 2018, NGL Energy Partners LP (NYSE: NGL) (“NGL”, “our”, “we” or the “Partnership”) and the U.S. Environmental Protection Agency (“EPA”) reached an agreement in principle regarding the settlement of a lawsuit brought by the EPA against one of NGL’s subsidiaries, NGL Crude Logistics, LLC (“NGL Crude”) and another company, Western Dubuque Biodiesel, LLC (“WDB”). Today, NGL announces that it has finalized the settlement, memorialized in a Consent Decree, which remains subject to final approval by the Court
Sep 14, 2018 12:30 pm ET
NGL Energy Partners LP Announces Redemption of 6.875% Senior Notes due 2021
NGL Energy Partners LP (NYSE: NGL) (“NGL”) today announced that it has called for redemption all $367,048,000 aggregate outstanding principal amount of its 6.875% Senior Notes due 2021. On October 16, 2018, registered holders of such notes will receive a redemption payment of 101.719%, or $1,017.19 per $1,000, of the principal amount thereof, plus accrued and unpaid interest thereon, to but not including the Redemption Date. The accrued and unpaid interest to be included in the Redemption Payment will be $0.19 per $1,000 of redeemed Notes. Separ
Sep 14, 2018 05:02 am ET
Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® MLP Market Cap Index
DALLAS, Sept. 14, 2018 /PRNewswire/ -- Swank Capital, LLC, and Cushing® Asset Management, LP, announce today the upcoming rebalancing of The Cushing® MLP Market Cap Index (the "Index") as part of normal index operations. After the markets close on September 21, 2018, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on September 24, 2018....
Sep 12, 2018 12:30 pm ET
NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B Preferred Units
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, 2018 to be paid to the holders of the Partnership’s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Class B Preferred Units”) in accordance with the terms outlined in NGL’s partnership agreement. The Class B Preferred Units distribution of $0.5625 per unit will be made on October 15, 2018 to holders of record on October 1, 2018.
Sep 10, 2018 09:30 am ET
NGL Energy Partners LP Acquires Beckham and McCloy Ranches in Eddy and Lea Counties, New Mexico
TULSA, Okla., Sept. 10, 2018 /PRNewswire/ -- NGL Energy Partners LP (NYSE:NGL) ("NGL," "our," or the "Partnership") announced today that it has executed the latest phase of its Delaware Basin water infrastructure strategy.  NGL completed the purchase of the approximately 36,000-acre Beckham Ranch on August 31, 2018.  The Beckham Ranch sits atop the Carlsbad, Capitan, and Jal Water Basins located in southeastern Lea County, New Mexico and includes approximately 9.6 million barrels of annual fresh water rights.  In July 2018, the Partnership acquired the McCloy Ranch, located in Eddy and Lea C...
Aug 14, 2018 12:45 pm ET
NGL Energy Partners LP to Attend 2018 Citi One-on-One MLP/Midstream Infrastructure Conference
NGL Energy Partners LP (NYSE:NGL) announced today that it will attend the 2018 Citi One-on-One MLP/Midstream Infrastructure Conference in Las Vegas, Nevada on August 15 and 16, 2018. Members of NGL’s management team will be participating in a series of one-on-one meetings with members of the investment community at the Conference.
Aug 07, 2018 02:30 am ET
NGL Energy Partners LP Announces First Quarter Fiscal 2019 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported a net loss for the quarter ended June 30, 2018 of $169.3 million, compared to a net loss of $63.7 million for the quarter ended June 30, 2017. The net loss for the current quarter includes a loss on the disposal and impairment of assets of $101.3 million and expenses related to the accrual for the settlement of litigation of $35.0 million.
Jul 24, 2018 01:30 pm ET
NGL Energy Partners Announces Quarterly Cash Distribution
NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner has declared a quarterly distribution of $0.39 per unit, or $1.56 per unit on an annualized basis, for the quarter ended June 30, 2018. This cash distribution is payable on August 14, 2018 to common unitholders of record at the close of business on August 8, 2018.
Jul 23, 2018 02:40 am ET
NGL Energy Partners LP Announces Timing of Fiscal 2019 First Quarter Earnings Release and Conference Call
NGL Energy Partners LP (NYSE:NGL) plans to issue its fiscal first quarter ended June 30, 2018 earnings press release pre-market open on Tuesday, August 7, 2018. Members of NGL’s management team intends to host an earnings call following this release on Tuesday, August 7, 2018 at 10:00 am CDT to discuss its financial results. Analysts, investors, and other interested parties may access the conference call by dialing (800) 291-4083 and providing access code 8886005. An archived audio replay of the call will be available for 7 days beginning at 10:
Jul 12, 2018 04:30 am ET
Alerian Announces Constituent Changes to the Alerian Midstream Energy Select Index
DALLAS, July 12, 2018 /PRNewswire/ -- Alerian announced that as of the close of business on Monday, July 23, 2018, the following companies will be added to the Alerian Midstream Energy Select Index (AMEI):...
Jul 10, 2018 05:50 am ET
NGL Energy Partners LP Announces Closing of Retail Propane Sale for $900 Million
NGL Energy Partners LP (NYSE:NGL) (“Partnership”) today announced that it has closed the previously announced transaction to sell the remainder of its Retail Propane business to Superior Plus Corp. (“Superior”) (TSX:SPB) for $900 million in cash proceeds, adjusted for working capital.
Jun 26, 2018 03:35 am ET
Research Report Identifies Six Flags Entertainment Corporation New, AVEO Pharmaceuticals, Chipotle Mexican Grill, NGL Energy Partners LP, DSW, and GoDaddy with Renewed Outlook — Fundamental Analysis,
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Six Flags Entertainment Corporation New (NYSE:SIX), AVEO Pharmaceuticals,...
Jun 19, 2018 01:15 pm ET
NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B Preferred Units
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, 2018 to be paid to the holders of the Partnership’s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Class B Preferred Units”) in accordance with the terms outlined in NGL’s partnership agreement. The Class B Preferred Units distribution of $0.5625 per unit will be made on July 16, 2018 to holders of record on July 2, 2018.
May 31, 2018 01:28 pm ET
NGL Energy Partners Announces Filing of Its Annual Report
NGL Energy Partners LP (NYSE: NGL) announced today that the Partnership filed its Annual Report on Form 10-K for the year ended March 31, 2018 with the Securities and Exchange Commission after market on May 30, 2018. A copy of the Form 10-K can be found on the Partnership’s website at www.nglenergypartners.com. Uni
May 30, 2018 12:30 pm ET
NGL Energy Partners LP Announces Fourth Quarter and Fiscal 2018 Financial Results and Initiates Fiscal 2019 Guidance
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported net income for the quarter ended March 31, 2018 of $110.9 million, including an $89.3 million gain on the sale of a portion of our Retail Propane segment, compared to net income for the quarter ended March 31, 2017 of $26.5 million. The Partnership reported a net loss for Fiscal 2018 of $69.6 million. NGL also announced earlier today that it has signed a definitive agreement to sell its remaining Retail Propane business to Superior Plus Corp. (“Superior”)
May 30, 2018 12:09 pm ET
NGL Energy Partners LP Announces Sale of Remaining Retail Propane Business for $900 Million
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” or the “Partnership”) today announced that it has signed a definitive agreement to sell its remaining Retail Propane business to Superior Plus Corp. (“Superior”) (TSX:SPB) for $900 million in cash proceeds. The Partnership has made the strategic decision to completely exit the Retail Propane business and re-deploy capital at a comparatively higher rate of return in its Water Solutions and Crude Logistics businesses. NGL believes these businesses have greater organic growth opportunities and with t
May 30, 2018 12:07 pm ET
Superior Plus to Acquire NGL’s Retail Propane Business - Significantly Expanding Its U.S. Energy Distribution Platform
Superior Plus Corp. (“Superior”) (TSX:SPB) is pleased to announce that it has entered into an agreement with NGL Energy Partners LP (“NGL Energy”) (NYSE:NGL) to acquire all of the outstanding equity interest in NGL Propane, LLC (“NGL Propane”), NGL...
May 17, 2018 01:30 pm ET
NGL Energy Partners LP Announces Timing of Fiscal 2018 Fourth Quarter Earnings Release and Conference Call
NGL Energy Partners LP (NYSE:NGL) plans to issue its fiscal fourth quarter and full year ended March 31, 2018 earnings press release after the market closes on Wednesday, May 30, 2018. Members of NGL’s management team intend to host an earnings call following this release on Wednesday, May 30, 2018 at 5:00 pm CDT to discuss its financial results. Analysts, investors, and other interested parties may access the conference call by dialing (800) 291-4083 and providing access code 3866869. An archived audio replay of the call will be available for 7
May 08, 2018 04:30 am ET
Investor Expectations to Drive Momentum within Masco, Murphy Oil, NGL Energy Partners LP, PBF Energy, PDL BioPharma, and Phillips 66 — Discovering Underlying Factors of Influence
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Masco Corporation (NYSE:MAS), Murphy Oil Corporation (NYSE:MUR), NGL...
May 07, 2018 07:42 am ET
Alerian Reports March 31, 2018 Index Linked Product Positions
DALLAS, May 7, 2018 /PRNewswire/ -- Alerian reported index linked product positions of $13.5 billion as of March 31, 2018. Linked products include exchange-traded funds, exchange-traded notes, return of capital notes, variable insurance portfolios, and mutual funds....
Apr 24, 2018 02:11 pm ET
NGL Energy Partners Announces Quarterly Cash Distribution
NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner has declared a quarterly distribution of $0.39 per unit, or $1.56 per unit on an annualized basis, for the quarter ended March 31, 2018. This cash distribution is payable on May 15, 2018 to common unitholders of record at the close of business on May 7, 2018.
Apr 09, 2018 02:20 am ET
NGL Energy Partners LP to Attend Mizuho Energy Summit
NGL Energy Partners LP (NYSE:NGL) announced today that it will attend the Mizuho Energy Summit in Napa, California on April 9 - 10, 2018. Members of NGL’s management team will be participating in a series of one-on-one meetings with members of the investment community at the conference.
Apr 02, 2018 02:20 am ET
NGL Energy Partners LP Announces Closings of Retail Propane Sale and Sawtooth Joint Venture and Provides Update on Debt Reduction
NGL Energy Partners LP (NYSE:NGL) (“Partnership”) today announced that it has closed the previously announced transaction to sell a portion of its Retail Propane business to DCC LPG for $200 million in cash, adjusted for working capital. NGL announced this transaction in November 2017, closed the transaction on March 30, 2018 and retained all profits from this business through March 31, 2018.
Mar 19, 2018 02:20 am ET
NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B Preferred Units
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, 2018 to be paid to the holders of the Partnership’s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Class B Preferred Units”) in accordance with the terms outlined in NGL’s partnership agreement. The Class B Preferred Units distribution of $0.5625 per unit will be made on April 16, 2018 to holders of record on April 2, 2018.
Mar 16, 2018 01:36 pm ET
NGL Energy Partners Does Not Expect Material Impact from FERC Ruling
NGL Energy Partners LP (NYSE: NGL) announced today that it does not expect a material impact from yesterday’s revised policy statement by the Federal Energy Regulatory Commission (FERC) to disallow income tax allowance cost recovery in rates charged by pipeline companies organized as master limited partnerships (MLPs).
Mar 07, 2018 03:25 am ET
Investor Expectations to Drive Momentum within AVEO Pharmaceuticals, PTC Therapeutics, NGL Energy Partners LP, Bemis, CorMedix, and Patterson Companies — Discovering Underlying Factors of Influence
NEW YORK, March 07, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO), PTC Therapeutics,...
Mar 01, 2018 01:45 am ET
NGL Energy Partners LP and Magnum Liquids, LLC Announce Signing Joint Venture Agreements for Sawtooth Natural Gas Liquids and Refined Products Storage Assets
NGL Energy Partners LP (NYSE:NGL) and Magnum Liquids, LLC, a portfolio company of Haddington Ventures LLC (“Haddington”), along with Magnum Development, LLC and other Haddington-sponsored investment entities (collectively “Magnum”) have announced the formation of a joint venture to focus on the storage of natural gas liquids and refined products by combining NGL’s Sawtooth Storage Facility (“Sawtooth”, a natural gas liquids storage facility with 6.1 million barrels of capacity in five existing salt caverns, including rail and truck access to Wes
Feb 21, 2018 10:24 am ET
Alerian Reports December 31, 2017 Index Linked Product Positions
DALLAS, Feb. 21, 2018 /PRNewswire/ -- Alerian reported index linked product positions of $16.3 billion as of December 31, 2017. Linked products include exchange-traded funds, exchange-traded notes, return of capital notes, variable insurance portfolios, and mutual funds....
Feb 09, 2018 11:15 am ET
NGL Energy Partners Announces the Appointment of L. John Schaufele IV to Board of Directors
NGL Energy Partners LP (NYSE: NGL) announced today that L. John Schaufele IV, has been appointed to the board of directors of its general partner, NGL Energy Holdings LLC, effective February 5, 2018. Mr. Schaufele replaces Patrick G. Wade as a Director.
Feb 09, 2018 03:53 am ET
NGL Energy Partners LP Announces Third Quarter Fiscal 2018 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” or the “Partnership”) today reported net income for the quarter ended December 31, 2017, of $56.8 million, including the gain on the sale of our 50% interest in Glass Mountain Pipeline, LLC, which totaled $108.6 million, compared to net income of $1.3 million for the quarter ended December 31, 2016.
Feb 09, 2018 03:15 am ET
NGL Energy Partners LP to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / February 9, 2018 / NGL Energy Partners LP (NYSE: NGL) will be discussing their earnings results in their Q3 Earnings Call to be held on February 9, 2018 at 11:00 AM Eastern Time.
Jan 25, 2018 12:15 pm ET
NGL Energy Partners LP Announces Timing of Fiscal 2018 Third Quarter Earnings Release and Conference Call
NGL Energy Partners LP (NYSE:NGL) will host an earnings call on Friday, February 9, 2018 at 10:00 am CST to discuss its financial results for the quarter ended December 31, 2017. Analysts, investors, and other interested parties may access the conference call by dialing (800) 291-4083 and providing access code 1861928. An archived audio replay of the call will be available for 7 days beginning at 1:00 p.m. CST on February 9, 2018, which can be accessed by dialing (855) 859-2056 and providing access code 1861928.
Jan 23, 2018 03:49 pm ET
NGL Energy Partners Announces Quarterly Cash Distribution
NGL Energy Partners LP (NYSE: NGL) (the “Partnership” or “NGL”) announced today that the Board of Directors of its general partner declared a quarterly distribution of $0.39 per unit, or $1.56 per unit on an annualized basis, for the quarter ended December 31, 2017. This cash distribution is payable on February 14, 2018 to common unitholders of record at the close of business on February 6, 2018.
Jan 08, 2018 01:20 am ET
NGL Energy Partners LP to Attend UBS Midstream & MLP Conference
NGL Energy Partners LP (NYSE:NGL) announced today that it will attend the 2018 UBS Midstream & MLP Conference in Park City, Utah on January 9 - 10, 2018. Members of NGL’s management team will be participating in a series of one-on-one meetings with members of the investment community at the conference.
Jan 02, 2018 01:40 am ET
NGL Energy Partners LP Provides Update on Debt Reduction and Interest Savings
NGL Energy Partners LP (NYSE:NGL) today announced that it has completed a portion of its deleveraging plan utilizing the $300 million in proceeds received from the sale of its 50% interest in Glass Mountain Pipeline, LLC (“Glass Mountain”). The resulting debt reduction includes a prepayment in full of all its 6.65% senior secured notes due June 19, 2022. The effective interest rate of the senior secured notes was 8.40% at the time of prepayment on December 29, 2017. In accordance with the terms of the senior secured notes, the prepayment include
Dec 26, 2017 01:20 am ET
NGL Energy Partners LP Announces the Completion of the Sale of its 50% Interest in Glass Mountain Pipeline, LLC
NGL Energy Partners LP (NYSE:NGL) today announced that it has closed the sale of its 50% interest in Glass Mountain Pipeline, LLC (“Glass Mountain” or “GMP”) to a fund managed by BlackRock Real Assets in partnership with Navigator Energy Services for total gross consideration of $300 million. NGL intends to use the cash proceeds to repay a portion of its outstanding indebtedness prior to December 31, 2017.
Dec 19, 2017 01:50 am ET
NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B Preferred Units
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, 2017, to be paid to the holders of the Partnership’s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Class B Preferred Units”) in accordance with the terms outlined in NGL’s partnership agreement. The Class B Preferred Units distribution of $0.5625 per unit will be made on January 15, 2018, to holders of record on December 29, 2017.
Dec 08, 2017 02:30 am ET
Alerian Index Series December 2017 Index Review
DALLAS, Dec. 8, 2017 /PRNewswire/ -- Alerian announced the results of the December quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, December 15, 2017....
Dec 04, 2017 01:23 pm ET
NGL Energy Partners LP to Attend 2017 Wells Fargo Pipeline, MLP and Utility Symposium
NGL Energy Partners LP (NYSE:NGL) today announced that it will attend the 2017 Wells Fargo Pipeline, MLP and Utility Symposium in New York, New York on December 6 and 7, 2017.
Nov 14, 2017 12:07 pm ET
NGL Energy Partners LP to Attend 2017 RBC Capital Markets Midstream Conference
NGL Energy Partners LP (NYSE:NGL) today announced that it will attend the 2017 RBC Capital Markets Midstream Conference in Dallas, Texas on November 15 and 16, 2017. Members of NGL’s management team will be participating in a series of one-on-one meetings with members of the investment community at the conference.
Nov 09, 2017 03:30 am ET
Consolidated Research: 2018 Summary Expectations for iRobot, HollyFrontier, Murphy, NGL Energy, Brookdale, and Lumentum – Fundamental Analysis, Key Performance Indications
NEW YORK, Nov. 09, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of iRobot Corporation (NASDAQ:IRBT), HollyFrontier Corporation (NYSE:HFC),...
Nov 09, 2017 01:55 am ET
NGL Energy Partners LP Announces Agreement to Sell its 50% Interest in Glass Mountain Pipeline, LLC to an Affiliate of BlackRock Inc.’s Global Energy and Power Infrastructure Fund for $300 Million
NGL Energy Partners LP (NYSE: NGL) (the “Partnership” or “NGL”) announced today that it has entered into a definitive agreement with an affiliate of BlackRock Inc.’s Global Energy and Power Infrastructure Fund (“GEPIF”) in partnership with Navigator Energy Services to sell its 50% interest in Glass Mountain Pipeline, LLC (“Glass Mountain” or “GMP”) for total consideration of $300 million. The sale is expected to close prior to December 31, 2017, subject to the receipt of certain governmental approvals and the satisfaction of other customary clos
Nov 06, 2017 09:03 pm ET
NGL Energy Partners LP Announces Agreement to Sell Certain Retail Propane Businesses to DCC LPG
NGL Energy Partners LP (NYSE:NGL) (the “Partnership” or “NGL”) announced today that it has entered into a definitive agreement with DCC LPG (“DCC”), a division of DCC plc, to sell a portion of NGL’s Retail Propane Business for $200 million in cash, adjusted for working capital at closing. NGL will retain this business through closing, which is scheduled for March 31, 2018 and will also retain all profits generated through the closing date. These assets are expected to generate approximately $20 million in Adjusted EBITDA fro
Nov 06, 2017 02:26 pm ET
NGL Energy Partners LP Announces Second Quarter Fiscal 2018 Financial Results
NGL Energy Partners LP (NYSE: NGL) (“NGL,” “our,” or the “Partnership”) today reported a net loss for the quarter ended September 30, 2017 of $173.6 million, primarily due to a non-cash goodwill impairment charge of $116.9 million to our Sawtooth salt dome cavern reporting unit, which is part of our Liquids operating segment. This is compared to a net loss of $66.7 million for the quarter ended September 30, 2016.
Oct 25, 2017 01:09 pm ET
NGL Energy Partners LP Announces Timing of Fiscal 2018 Second Quarter Earnings Release and Conference Call
NGL Energy Partners LP (NYSE:NGL) will host an earnings call on Tuesday, November 7, 2017 at 10:00 am CST to discuss its financial results for the quarter ended September 30, 2017. Analysts, investors, and other interested parties may access the conference call by dialing (800) 291-4083 and providing access code 5396739. An archived audio replay of the call will be available for 7 days beginning at 1:00 pm CST on November 7, 2017, which can be accessed by dialing (855) 859-2056 and providing access code 5396739.
Oct 19, 2017 01:06 pm ET
NGL Energy Partners LP Announces Quarterly Cash Distribution
NGL Energy Partners LP (NYSE: NGL) (the “Partnership” or “NGL”) announced today that the Board of Directors of its general partner declared a quarterly distribution of $0.39 per unit, or $1.56 per unit on an annualized basis, for the quarter ended September 30, 2017. This cash distribution is payable on November 14, 2017 to common unitholders of record at the close of business on November 6, 2017.
Sep 08, 2017 05:30 am ET
Alerian Index Series September 2017 Index Review
DALLAS, Sept. 8, 2017 /PRNewswire/ -- Alerian announced the results of the September quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, September 15, 2017....
Dec 19, 2016 11:30 am ET
SemGroup and NGL Energy Partners LP Announce Glass Mountain Pipeline STACK Extension
TULSA, Okla., Dec. 19, 2016 (GLOBE NEWSWIRE) -- SemGroup® Corporation (NYSE:SEMG) and NGL Energy Partners LP (NYSE:NGL) today announced that its jointly owned venture, Glass Mountain Pipeline, LLC will construct a 44-mile pipeline extension of the Glass Mountain Pipeline system in Oklahoma. This extension will deliver crude oil from north-central Oklahoma’s STACK resource play to Cushing, Okla....
Jun 10, 2016 05:30 am ET
Alerian Index Series June 2016 Index Review
DALLAS, June 10, 2016 /PRNewswire/ -- Alerian announced the results of the June quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, June 17, 2016....
Mar 11, 2016 03:30 am ET
Alerian Index Series March 2016 Index Review
DALLAS, March 11, 2016 /PRNewswire/ -- Alerian announced the results of the March quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, March 18, 2016.  ...