NGL Energy Partners LP (N:NGL)
Business Focus: Oil & Gas Refining and Marketing
Apr 09, 2024 05:15 pm ET
NGL Energy Partners LP Announces the Payment of All Outstanding Distribution Arrearages for Class B, Class C and Class D Preferred Units as of Payment Date April 25, 2024
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 outlined in NGL’s partnership agree
Apr 05, 2024 12:46 pm ET
NGL Energy Partners LP Announces Sale of the New Mexico Ranches
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.
Apr 04, 2024 06:26 pm ET
NGL Energy Partners LP Announces Cash Distribution of 55.4% of Outstanding Arrearages for Class B, Class C and Class D Preferred Units
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 Class B Preferred Units quarter
Mar 04, 2024 04:45 pm ET
NGL Energy Partners LP Announces Status of Investor Tax Packages
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.
Feb 08, 2024 04:33 pm ET
NGL Energy Partners LP Announces Third Quarter Fiscal 2024 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “we,” “us,” “our,” or the “Partnership”) today reported its third quarter Fiscal 2024 financial results. Highlights include:
Feb 06, 2024 05:33 pm ET
NGL Energy Partners LP Announces Cash Distribution of 50% of Outstanding Arrearages for Class B, Class C and Class D Preferred Units
NGL Energy Partners LP (NYSE: NGL or the “Partnership”) announced today that the Board of Directors of its general partner declared a distribution of 50% of the arrearages earned and outstanding through December 31, 2023 to be paid to the holders of the Partnership’s 12.806% 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 holder of the Class
Feb 02, 2024 12:55 pm ET
NGL Closes $2.9 Billion Debt Refinancing Transactions and Amends and Extends Asset-Based Revolving Credit Facility
NGL Energy Partners LP (NYSE: NGL) (“NGL”) through its wholly owned subsidiaries NGL Energy Operating LLC and NGL Energy Finance Corp., closed $2.9 billion of refinancing transactions, consisting of their previously announced $2.2 billion senior secured notes offering of $900 million in aggregate principal amount of 8.125% senior secured notes due 2029 and $1.3 billion in aggregate principal amount of 8.375% senior secured notes due 2032, and a seven-year $700.0 million senior secured term loan facility. The net proceeds from these transactions are being used (i) to fund the redemption, and re
Jan 30, 2024 04:45 pm ET
NGL Energy Partners Announces Earnings Call
NGL Energy Partners LP (NYSE: NGL) announced today that it plans to issue its fiscal third quarter ended December 31, 2023 earnings press release post-market close on Thursday, February 8, 2024. Members of NGL’s management team intend to host an earnings call following this release on Thursday, February 8, 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:
Jan 25, 2024 04:58 pm ET
NGL Energy Partners LP Announces Pricing of $2.2 Billion Offering of Senior Secured Notes
NGL Energy Partners LP (NYSE: NGL) (“NGL”), through its wholly owned subsidiaries NGL Energy Operating LLC and NGL Energy Finance Corp., today announced the upsizing of their senior secured notes offering from $2.1 billion to $2.2 billion and have priced $900 million in aggregate principal amount of 8.125% senior secured notes due 2029 (the “2029 Notes”) and $1.3 billion in aggregate principal amount of 8.375% senior secured notes due 2032 (the “2032 Notes” and, together with the 2029 Notes, the “Notes”). NGL expects to use the net proceeds of the offering, together with the borrowings under a
Jan 23, 2024 04:35 pm ET
NGL Energy Partners LP Announces $2.1 Billion Offering of Senior Secured Notes
NGL Energy Partners LP (NYSE: NGL) (“NGL”), through its wholly owned subsidiaries NGL Energy Operating LLC and NGL Energy Finance Corp., today announced that they intend to offer, subject to market and other conditions, $2.1 billion in aggregate principal amount of senior secured notes due 2029 and senior secured notes due 2032 (together, the “Notes”). NGL expects to use the net proceeds of the offering, together with the borrowings under a new seven-year $700.0 million senior secured term loan facility expected to be entered into concurrently with the offering, (i) to fund the redemption of,
Jan 22, 2024 06:30 am ET
NGL Energy Partners LP Announces LEX II Large Diameter Pipeline Supported by New MVC and Extension of Acreage Dedication
NGL Energy Partners LP (NYSE:NGL) (“NGL,” or the “Partnership”) announced today that NGL Water Solutions is commencing expansion of its Lea County Express Pipeline System from a capacity of 140,000 barrels of water per day to 340,000 barrels per day in 2024 (LEX II Expansion). The addition of a second large-diameter pipeline, disposal wells, and facilities will greatly expand the capabilities of NGL’s existing produced water super-system and create a significantly larger outlet for produced water disposal within the Delaware Basin. The construction of the 27-mile, 30-inch produced water pipeli
Jan 17, 2024 05:48 pm ET
Dec 06, 2023 06:30 am ET
NGL Energy Partners LP Announces 2023 Open Season for Grand Mesa Pipeline Starting December 6, 2023
NGL Energy Partners LP (NYSE: NGL) (“Partnership” or “NGL”) is pleased to announce that a binding open season will start today, December 6, 2023 at 8:00 am Central Daylight Time for its wholly owned affiliate Grand Mesa Pipeline, LLC’s (“Grand Mesa”) crude oil pipeline. This open season will close on January 5, 2024 at 5:00 pm Central Daylight Time.
Nov 09, 2023 04:23 pm ET
NGL Energy Partners LP Announces Second Quarter Fiscal 2024 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its second quarter Fiscal 2024 financial results. Highlights include:
Oct 20, 2023 06:30 am ET
NGL Energy Partners Announces Earnings Call
NGL Energy Partners LP (NYSE: NGL) announced today that it plans to issue its fiscal second quarter ended September 30, 2023 earnings press release post-market close on Thursday, November 9, 2023. Members of NGL’s management team intend to host an earnings call following this release on Thursday, November 9, 2023 at 4:00 pm CT to discuss its financial results. Analysts, investors, and other interested parties may join the webcast via the event link:
Aug 09, 2023 04:39 pm ET
NGL Energy Partners LP Announces First Quarter Fiscal 2024 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its first quarter Fiscal 2024 financial results. Highlights include:
Aug 01, 2023 06:30 am ET
NGL Energy Partners LP Announces Availability of its 2022 Schedule K-3s
NGL Energy Partners LP (NYSE:NGL) (“NGL,” or the “Partnership”) announced today that its 2022 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.
Jul 19, 2023 06:30 am ET
NGL Energy Partners Announces Earnings Call
NGL Energy Partners LP (NYSE: NGL) announced today that it plans to issue its fiscal first quarter ended June 30, 2023 earnings press release post-market close on Wednesday, August 9, 2023. Members of NGL’s management team intend to host an earnings call following this release on Wednesday, August 9, 2023 at 4:30 pm CT to discuss its financial results. Analysts, investors, and other interested parties may join the webcast via the event link:
May 31, 2023 04:37 pm ET
NGL Energy Partners LP Announces Fourth Quarter and Full Year Fiscal 2023 Financial Results; Guidance for Fiscal 2024
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its fourth quarter and full year fiscal 2023 results.
Apr 20, 2023 06:30 am ET
NGL Energy Partners Announces Earnings Call
NGL Energy Partners LP (NYSE: NGL) announced today that it plans to issue its fiscal fourth quarter ended March 31, 2023 earnings press release post-market close on Wednesday, May 31, 2023. Members of NGL’s management team intend to host an earnings call following this release on Wednesday, May 31, 2023 at 4:30 pm CT to discuss its financial results. Analysts, investors, and other interested parties may join the webcast via the event link:
Apr 04, 2023 10:59 am ET
Thinking about buying stock in Cardlytics, Butterfly Network, Encompass Health, NGL Energy, or Natura & Co?
NEW YORK, April 4, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CDLX, BFLY, EHC, NGL, and NTCO.
Apr 03, 2023 06:30 am ET
NGL Energy Partners LP Completes Divestiture of Marine Assets, 23 Unsecured Note Redemption and Debt and Leverage Update
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) is announcing the completion of the Marine asset sale, redemption of the all 7.5% unsecured senior notes due in November 2023 (“2023 Notes”) together with updates on debt, and leverage at March 31, 2023. Highlights include:
Mar 06, 2023 06:30 am ET
NGL Energy Partners LP Signs Agreements to Sell Marine Assets for $111.65MM
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) announced the signing of two definitive agreements to sell all of its marine assets for $111.65 million in cash in the aggregate. NGL provided waterborne transportation of refined products and crude oil for a diversified group of customers which include major oil refineries on the Gulf Coast with these assets. NGL’s marine fleet consists of 13 towboats and 25 tank barges. The transaction is expected to close at the end of this month, subject to customary closing conditions.
Feb 23, 2023 04:20 pm ET
NGL Energy Partners LP Announces Redemption of 7.5% Senior Notes due 2023
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today announced that it intends to call for redemption, all $203,400,000 aggregate outstanding principal amount of its 7.5% Senior Notes due 2023 (the “Notes”). On March 31, 2023 (the “Redemption Date”), registered holders of such Notes will receive a redemption payment of equal to 100% of the principal amount of such Notes; and accrued and unpaid interest on such Notes, if any, to the Redemption Date.
Feb 16, 2023 04:45 pm ET
NGL Energy Partners LP Announces $600 Million Permanent ABL Commitment
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) announced a permanent commitment in our ABL Facility of $600 million. On April 13, 2022, the Partnership amended the ABL Facility to increase the commitments to $600 million under the accordion feature within the ABL Facility and agreed to reduce the commitments back to the original $500 million on or before March 31, 2023. This Amendment extends the maturity date of the additional $100 million of commitments through February 2026, the remaining term of the ABL Facility.
Feb 10, 2023 07:39 am ET
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NEW YORK, Feb. 10, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SQL, HEXO, NGL, ASTS, and YELP.
Feb 09, 2023 04:54 pm ET
NGL Energy Partners LP Announces Third Quarter Fiscal 2023 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its third quarter Fiscal 2023 financial results. Highlights include:
Jan 26, 2023 06:30 am ET
NGL Energy Partners Announces Earnings Call
NGL Energy Partners LP (NYSE: NGL) announced today that NGL plans to issue its fiscal third quarter ended December 31, 2022 earnings press release post-market close on Thursday, February 9, 2023. Members of NGL’s management team intend to host an earnings call following this release on Thursday, February 9, 2023 at 4:30 pm CT to discuss its financial results. Analysts, investors, and other interested parties may join the webcast via the event link:
Jan 03, 2023 04:58 pm ET
NGL Energy Partners LP Announces Increase in Adjusted EBITDA Guidance, Indebtedness at December 31, 2022 and Appointment of New Chief Financial Officer
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 3
Nov 09, 2022 04:26 pm ET
NGL Energy Partners LP Announces Second Quarter Fiscal 2023 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its second quarter Fiscal 2023 financial results. Highlights include:
Oct 25, 2022 04:30 pm ET
NGL Energy Partners Announces Earnings Call
NGL Energy Partners LP (NYSE: NGL) announced today that NGL plans to issue its fiscal second quarter ended September 30, 2022 earnings press release post-market close on Wednesday, November 9, 2022. Members of NGL’s management team intend to host an earnings call following this release on Wednesday, November 9, 2022 at 4:00 pm CT to discuss its financial results. Analysts, investors, and other interested parties may join the webcast via the event link:
Sep 20, 2022 05:55 pm ET
NGL Water Solutions Featured on Discovery Channel
Advances being made by NGL Energy Partners LP’s (“NGL” or “Partnership”) Water Solutions segment (“NGL Water Solutions”) in sustainable produced water reuse technology and practices were featured recently in an episode of the Emmy-nominated series Tomorrow’s World Today on the Discovery Channel. The Water from the Desert episode explores NGL’s collaboration with XRI Holdings, LLC (“XRI”) -- a collaboration providing holistic water management to their customers in the Permian Basin. Below is a link to the program:
Sep 07, 2022 04:30 pm ET
NGL Energy Partners LP to Attend the Wells Fargo 2022 Leveraged Finance Conference
NGL Energy Partners LP (NYSE:NGL) today announced that it will attend the Wells Fargo 2022 Leveraged Finance Conference in Nashville, Tennessee on September 7, 2022 – September 9, 2022. Members of NGL’s management team will participate in a series of one-on-one meetings with members of the investment community at the conference. The slide presentation referenced at the conference is available on NGL’s website at
Sep 02, 2022 04:20 pm ET
NGL Energy Partners LP Announces Availability of its 2021 Schedule K-3s
NGL Energy Partners LP (NYSE:NGL) (“NGL,” or the “Partnership”) announced today that its 2021 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.
Aug 09, 2022 04:27 pm ET
NGL Energy Partners LP Announces First Quarter Fiscal 2023 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its first quarter Fiscal 2023 financial results. Highlights include:
Aug 08, 2022 08:41 am ET
NGL Energy Partners LP Announces the Ambassador Pipeline Placed in Service
NGL Energy Partners LP (NYSE:NGL) (“NGL,” or the “Partnership”) announced today the completion of the Ambassador Pipeline in the state of Michigan. The Ambassador Pipeline System consists of a 225-mile bi-directional pipeline with multiple supply and delivery points. The Ambassador Pipeline connects central, northern, and western Michigan propane customers to millions of gallons of underground storage capacity in Eastern Michigan. NGL’s Wheeler Terminal is strategically located at the mid-point of the Pipeline and includes on-site storage of 480,000 gallons of propane. The Kalkaska terminal is
Aug 01, 2022 06:30 am ET
NGL Energy Partners Announces Earnings Call
NGL Energy Partners LP (NYSE: NGL) announced today that NGL plans to issue its fiscal first quarter ended June 30, 2022 earnings press release post-market close on Tuesday, August 9, 2022. Members of NGL’s management team intend to host an earnings call following this release on Tuesday, August 9, 2022 at 4:00 pm CT to discuss its financial results. Analysts, investors, and other interested parties may join the webcast via the event link:
Jun 06, 2022 04:25 pm ET
NGL Energy Partners LP Announces Fourth Quarter and Full Year Fiscal 2022 Financial Results; Guidance for Fiscal 2023
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its fourth quarter and full year fiscal 2022 results. The Partnership reported a loss from continuing operations of $29.4 million for the quarter ended March 31, 2022 and $184.1 million for its full fiscal year 2022.
May 23, 2022 06:30 am ET
NGL Energy Partners Announces Earnings Call
NGL Energy Partners LP (NYSE: NGL) announced today that NGL plans to issue its fiscal fourth quarter and year ended March 31, 2022 earnings press release post-market close on Monday, June 6, 2022. Members of NGL’s management team intend to host an earnings call following this release on Monday, June 6, 2022 at 4:00 pm CT to discuss its financial results and guidance for fiscal 2023. Analysts, investors, and other interested parties may join the webcast via the event link:
Feb 10, 2022 04:42 pm ET
NGL Energy Partners LP Announces New Acreage Dedication for Produced Water Transportation and Disposal in the Delaware Basin
NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”) announced today that the Partnership recently signed a new long-term produced water transportation, recycling and disposal agreement with a leading, investment grade independent producer operating within the Delaware Basin. The new dedicated long-term agreement spans an area over 300,000 acres in New Mexico and Texas and includes committed produced water volumes and recycled water services. As it has with other recent dedications, the Partnership plans to leverage its existing infrastructure and significant disposal capacity to se
Feb 09, 2022 04:23 pm ET
NGL Energy Partners LP Announces Third Quarter Fiscal 2022 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its third quarter Fiscal 2022 results. Highlights for the quarter include:
Feb 02, 2022 06:30 am ET
NGL Energy Partners LP Announces Collaboration to Increase Recycled and Reused Produced Water Volumes
NGL Energy Partners LP (NYSE: NGL) (“NGL”) announced today a collaboration with XRI Holdings, LLC (“XRI”) to advance full cycle produced water management across operations in the prolific Delaware Basin. NGL owns and operates the largest integrated produced water pipeline system in the Basin where it currently manages over 1.8 million barrels per day. XRI is the largest produced water recycling company in the Permian Basin, employing innovative practices and patented treatment technology, and managing total water volumes in excess of 1.2 million barrels per day.
Jan 24, 2022 06:30 am ET
NGL Energy Partners Announces Earnings Call
NGL Energy Partners LP (NYSE: NGL) announced today that NGL plans to issue its fiscal 2022 third quarter ended December 31, 2021, earnings press release post-market close on Wednesday, February 9, 2022. Members of NGL’s management team intend to host an earnings call following this release on Wednesday, February 9, 2022 at 4:00 pm CST to discuss its financial results. Analysts, investors, and other interested parties may join the webcast via the event link:
Nov 09, 2021 04:41 pm ET
NGL Energy Partners LP Announces Second Quarter Fiscal 2022 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its second quarter Fiscal 2022 results. Highlights for the quarter include:
Oct 25, 2021 05:55 pm ET
NGL Energy Partners Announces Earnings Call
NGL Energy Partners LP (NYSE: NGL) announced today that NGL plans to issue its fiscal 2022 second quarter ended September 30, 2021, earnings press release post-market close on Tuesday, November 9, 2021. Members of NGL’s management team intend to host an earnings call following this release on Tuesday, November 9, 2021 at 4:00 pm CST to discuss its financial results. Analysts, investors, and other interested parties may join the webcast via the event link:
Aug 24, 2021 06:45 am ET
NGL Energy Partners LP Announces Appointment of New Chief Financial Officer
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.
Aug 09, 2021 04:28 pm ET
NGL Energy Partners LP Announces First Quarter Fiscal 2022 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its first quarter Fiscal 2022 results. Highlights for the quarter include:
Jul 26, 2021 05:30 pm ET
NGL Energy Partners Announces Earnings Call
NGL Energy Partners LP (NYSE: NGL) announced today that NGL plans to issue its fiscal 2022 first quarter ended June 30, 2021, earnings press release post-market close on Monday, August 9, 2021. Members of NGL’s management team intend to host an earnings call following this release on Monday, August 9, 2021 at 4:00 pm CDT to discuss its financial results. Analysts, investors, and other interested parties may access the conference call by pre-registering
Jul 21, 2021 06:30 am ET
NGL Energy Partners LP Provides Update on Wastewater Recycling / Reuse Efforts in the Northern Delaware Basin
NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”) announced today that the Partnership has successfully completed the first of two large scale Delaware Basin wastewater recycling projects in Lea County, NM. The initial project, which began in late May, supported one of our customers’ highly efficient simultaneous fracturing, or “simul-frac”, completion activities. Utilizing our own produced water, the Partnership treated and provided approximately 130,000 barrels per day, with peak volumes of up to 140,000 barrels per day. This project eliminated the need for over 5,000,000 barre
Jul 09, 2021 06:35 am ET
NGL Energy Partners LP Announces 2021 Open Season for Grand Mesa Pipeline Starting July 9, 2021
NGL Energy Partners LP (NYSE: NGL) (“Partnership” or “NGL”) is pleased to announce that a binding open season will start today, July 9, 2021 at 8:00 am Central Daylight Time for its wholly owned affiliate Grand Mesa Pipeline, LLC’s (“Grand Mesa”) crude oil pipeline. This open season will close on August 9, 2021 at 5:00 pm Central Daylight Time.
Jun 11, 2021 09:02 am ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® 30 MLP Index
DALLAS, June 11, 2021 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® 30 MLP Index (the "Index") as part of normal index operations. After the markets close on June 18, 2021, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on June 21, 2021:
Jun 04, 2021 12:41 am ET
CORRECTING and REPLACING NGL Energy Partners LP Announces Fourth Quarter and Full Year Fiscal 2021 Financial Results
Seventh paragraph (under Crude Oil Logistics), second sentence should read: During the three months ended March 31, 2021, financial volumes on the Grand Mesa Pipeline averaged approximately 66,000 barrels per day compared to 131,000 barrels per day during the prior year period, a decrease primarily due to the bankruptcy court’s approved rejection of the Extraction transportation agreement. Winter storm Uri in February 2021 reduced not only volumes at the lease in all areas of our operations, including the DJ Basin, but also refinery demand due to outages on the United States Gulf Coast.
Jun 03, 2021 04:29 pm ET
NGL Energy Partners LP Announces Fourth Quarter and Full Year Fiscal 2021 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its fourth quarter and full year fiscal 2021 results.
May 28, 2021 04:45 pm ET
NGL Energy Partners Announces Earnings Call
NGL Energy Partners LP (NYSE: NGL) announced today that NGL plans to issue its fiscal fourth quarter ended March 31, 2021 earnings press release post-market close on Thursday, June 3, 2021. Members of NGL’s management team intend to host an earnings call following this release on Thursday, June 3, 2021 at 4:00 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 7299585. An archived audio replay of the call will be available for 7 days beginning at 1:00 pm CDT on June 4, 202
Feb 09, 2021 04:30 pm ET
NGL Energy Partners LP Announces Third Quarter Fiscal 2021 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its third quarter fiscal 2021 results. Highlights for the quarter include:
Feb 04, 2021 04:18 pm ET
NGL Closes Refinancing of Revolving Credit Facility which Extends Maturities to 2026 and Increases Liquidity; Provides Distribution Update
NGL Energy Partners LP (NYSE: NGL) (“the “Partnership” or “NGL”) closed on $2.05 billion of newly issued 7.5% senior secured notes due 2026 (the ”2026 Secured Notes”) and a new $500 million asset-based revolving credit facility (the “ABL Facility”) which also matures in 2026. The proceeds from the 2026 Secured Notes and borrowings under the ABL Facility will be used to repay all outstanding amounts under the Partnership’s existing $1.915 billion revolving credit facility and repay its $250 million term credit facility, along with all fees and expenses associated with any of these repayments an
Jan 25, 2021 12:23 pm ET
NGL Energy Partners LP Announces Pricing of $2.05 Billion Offering of Senior Secured Notes
NGL Energy Partners LP (NYSE: NGL) (“NGL”), through its wholly owned subsidiaries NGL Energy Operating LLC and NGL Energy Finance Corp., today announced that they have priced a private offering of $2.05 billion in aggregate principal amount of senior secured notes due 2026 (the “Notes”) that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). NGL expects to use the net proceeds of the offering, together with borrowings under a new $500.0 million asset-based revolving credit facility, to (i) repay all outstanding borrowings under and terminate NGL’s
Jan 21, 2021 07:41 am ET
NGL Energy Partners LP Announces $2.05 Billion Offering of Senior Secured Notes
NGL Energy Partners LP (NYSE: NGL) (“NGL”), through its wholly owned subsidiaries NGL Energy Operating LLC and NGL Energy Finance Corp., today announced that they intend to offer, subject to market and other conditions, $2.05 billion in aggregate principal amount of senior secured notes due 2026. NGL expects to use the net proceeds of the offering, together with borrowings under a new $500.0 million asset-based revolving credit facility (the “ABL Facility”), to (i) repay all outstanding borrowings under and terminate NGL’s existing revolving credit facility, (ii) repay all outstanding borrowin
Jan 20, 2021 05:37 pm ET
NGL Energy Partners Announces Quarterly Class D Distribution
NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner has declared a quarterly distribution in the required amount of $15.6 million, which amount represents the Class D Distribution Amount to be paid to the holders of the Class D Preferred Units for the quarter ended December 31, 2020. The Class D Preferred distribution will be made on February 12, 2021.
Jan 19, 2021 06:30 am ET
NGL Energy Partners LP Provides Financial Update
NGL Energy Partners LP (NYSE: NGL) (“the “Partnership” or “NGL”) is providing certain information regarding its global settlement with Extraction Oil and Gas, Inc. (“Extraction”) following its expected emergence from bankruptcy, including Adjusted EBITDA guidance for the fiscal year ending March 31, 2021 (“Fiscal 2021”) and the fiscal year ending March 21, 2022 (“Fiscal 2022”).
Dec 31, 2020 08:02 am ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of the Cushing® MLP High Income Index
DALLAS, Dec. 31, 2020 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® MLP High Income Index (the "Index") as part of normal index operations. After the markets close on January 8, 2021, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on January 11, 2021:
Dec 21, 2020 06:30 am ET
NGL Energy Partners LP / Grand Mesa Pipeline Announce Settlement with Extraction Oil and Gas, Inc.
NGL Energy Partners LP (NYSE: NGL) and Grand Mesa Pipeline, LLC, a wholly-owned subsidiary of NGL (“Grand Mesa”), announced today that Grand Mesa has entered into a settlement agreement with Extraction Oil and Gas, Inc. (NYSE: XOG) as it relates to XOG’s bankruptcy proceedings. Under the settlement, NGL and Extraction entered into a new term supply agreement, retaining Extraction’s crude volumes for shipping on the Grand Mesa Pipeline; and Grand Mesa will receive an allowed unsecured claim which it expects to liquidate for cash proceeds. In consideration for this new supply agreement, Grand Me
Dec 17, 2020 06:35 am ET
NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C 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, 2020 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”) 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 Class B Preferred Units quarterly distribution of $0.5625 per unit an
Dec 11, 2020 08:02 am ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® MLP Market Cap Index
DALLAS, Dec. 11, 2020 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, 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 December 18, 2020, the 30 constituents of the Index will be rebalanced, and the following changes will be effective on December 21, 2020:
Nov 18, 2020 06:30 am ET
NGL Energy Partners LP to Participate in the 2020 RBC Midstream Energy Virtual Conference
NGL Energy Partners LP (NYSE:NGL) today announced that it will participate in the 2020 RBC Midstream Energy Virtual Conference on November 18 and 19, 2020. Members of NGL’s management team will be participating in a series of virtual meetings with members of the investment community.
Nov 09, 2020 04:35 pm ET
NGL Energy Partners LP Announces Second Quarter Fiscal 2021 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its second quarter fiscal 2021 results. Highlights for the quarter include:
Nov 02, 2020 04:45 pm ET
NGL Provides Update Relating to Grand Mesa Pipeline, LLC
NGL Energy Partners LP (NYSE: NGL) (the “Partnership” “We” or “NGL”) provides this update on certain bankruptcy proceedings related to a customer of its FERC regulated subsidiary Grand Mesa Pipeline, LLC (“Grand Mesa”). Extraction Oil & Gas, Inc. (“Extraction”) is a customer of Grand Mesa under two Transportation Services Agreements (“TSAs”) originally entered into in 2014 – one is a TSA originally entered into with Extraction as the anchor shipper of the pipeline (“Original TSA”) and the other is a much smaller TSA that was originally entered into between Grand Mesa and a different producer,
Oct 27, 2020 06:30 am ET
NGL Energy Partners Announces Quarterly Distributions; Provides Business Update and Schedules Earnings Call
NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner has declared a quarterly distribution of $0.10 per unit, or $0.40 per unit on an annualized basis, for the quarter ended September 30, 2020. This cash distribution is payable on November 13, 2020 to common unitholders of record at the close of business on November 6, 2020.
Oct 01, 2020 06:30 am ET
NGL Energy Partners LP Announces Commissioning of Poker Lake Express Pipeline and Receipt of Initial Produced Water Volumes from Exxon’s Poker Lake Development
NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”) announced today that the Partnership has begun receiving produced water from XTO Energy’s (a subsidiary of ExxonMobil Corporation) Poker Lake Development in the Delaware Basin. These volumes represent full commissioning of NGL’s 30-inch pipeline, Poker Lake Express, which has been constructed to transport volumes associated with its 18-year Poker Lake acreage dedication. This dedication includes first-call rights for produced water covering approximately 70,000 contiguous acres in Eddy County, NM. The Partnership is utilizing the
Sep 30, 2020 06:30 am ET
NGL Energy Partners LP Announces New Agreement for Produced Water Transportation and Disposal in the Delaware Basin
NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”) announced today that the Partnership signed a new water supply agreement and a separate produced water transportation and disposal agreement with a leading, super major producer customer operating within the Delaware Basin. The new produced water minimum volume commitment covers acreage located in Lea County, New Mexico. The minimum volume provisions in the agreement are effective on January 1, 2021.
Sep 15, 2020 05:30 pm ET
NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C 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, 2020 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”) 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 Class B Preferred Units quarterly distribution of $0.5625 per unit a
Aug 31, 2020 06:40 am ET
NGL Energy Partners LP Announces Expansion and Extension of Acreage Dedication for Produced Water Transportation and Disposal in the Delaware Basin
NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”) announced today that the Partnership signed a long-term extension and expansion of an acreage dedication with an existing customer. The extension of this agreement is with a leading, investment grade independent producer customer operating in Lea and Eddy Counties, New Mexico within the Delaware Basin. The new agreement increases our acreage dedication by 22,000 acres, increasing the new total dedicated acres with this customer to approximately 122,000 acres, and extends the term through 2027.
Aug 12, 2020 06:45 am ET
NGL Energy Partners LP to Participate in Citi 2020 One-on-One Midstream/Energy Infrastructure Virtual Conference
NGL Energy Partners LP (NYSE:NGL) today announced that it will participate in the Citi 2020 One-on-One Midstream/Energy Infrastructure Virtual Conference on August 12 and 13, 2020. Members of NGL’s management team will be participating in a series of virtual meetings with members of the investment community.
Aug 10, 2020 04:45 pm ET
NGL Energy Partners LP Announces First Quarter Fiscal 2021 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its first quarter fiscal 2021 results. Highlights for the quarter include:
Aug 06, 2020 04:39 pm ET
NGL Energy Partners LP Announces New Acreage Dedication for Produced Water Transportation and Disposal in the Northern Delaware Basin
NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”) announced today that the Partnership signed a new long-term produced water transportation and disposal agreement with a leading independent producer operating in Eddy and Lea Counties within the Delaware Basin. This agreement includes a 10 year acreage dedication totaling approximately 10,000 acres and an additional area of mutual interest (AMI) for future growth. The producer currently has a 53,000 acre position within the AMI which includes all of Eddy and Lea counties in New Mexico. As it has with other recent dedications, the
Jul 23, 2020 05:50 pm ET
NGL Energy Partners Announces Quarterly Distributions and Earnings Call
NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner has declared a quarterly distribution of $0.20 per unit, or $0.80 per unit on an annualized basis, for the quarter ended June 30, 2020. This cash distribution is payable on August 14, 2020 to common unitholders of record at the close of business on August 6, 2020.
Jul 08, 2020 06:58 am ET
NGL Energy Partners LP Announces New Acreage Dedication for Produced Water Transportation and Disposal in the Delaware Basin
NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”) announced today that the Partnership recently signed a new long-term produced water transportation and disposal agreement with a super major producer.
Jun 15, 2020 03:10 pm ET
NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C 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, 2020 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”) 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 Class B Preferred Units quarterly distribution of $0.5625 per unit and th
Jun 04, 2020 06:30 am ET
NGL Energy Partners LP Announces $250 Million Term Loan Facility with Certain Funds and Accounts Managed by Affiliates of Apollo Global Management, Inc. to Refinance Its Acquisition Bridge Facility
NGL Energy Partners LP (NYSE: NGL) (“the Partnership” or “NGL”) announced that it has entered into a new $250 million term loan facility with certain funds and accounts (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) to refinance its existing $250 million bridge term loan facility that was established in July 2019 with TD Securities (USA) LLC as lead arranger and bookrunner and The Toronto-Dominion Bank, New York Branch as initial lender to finance a portion of the acquisition of Mesquite Disposals
Jun 01, 2020 04:55 pm ET
NGL Energy Partners LP Announces Fourth Quarter and Record Full Year Fiscal 2020 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its fourth quarter and full year fiscal 2020 results.
May 20, 2020 04:30 pm ET
NGL Energy Partners LP Announces Timing of Fiscal 2020 Fourth Quarter Earnings Release and Conference Call
NGL Energy Partners LP (NYSE:NGL) plans to issue its fiscal fourth quarter ended March 31, 2020 earnings press release post-market close on Monday, June 1, 2020. Members of NGL’s management team intend to host an earnings call following this release on Monday, June 1, 2020 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 1256577. An archived audio replay of the call will be available for 7 days beginning at 1:00 pm CDT on June 2, 2020, which can be accessed by di
Apr 27, 2020 07:40 pm ET
NGL Energy Partners Provides Update and Announces Quarterly Distributions
NGL Energy Partners LP (NYSE: NGL) (“the Partnership” or “NGL”) is providing an update to the following:
Mar 19, 2020 08:17 am ET
NGL Energy Partners LP Affirms Fiscal 2020 EBITDA Guidance and Provides Update on Current Operations and Capital Expenditure Reductions
NGL Energy Partners LP (NYSE:NGL) (“NGL” or “the Partnership”) is providing an update on its operations in the current commodity price environment. The Partnership’s three primary businesses should continue to perform as expected in the near term and as a result management can confirm the following:
Mar 16, 2020 04:30 pm ET
NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C 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, 2020 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”) 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 Class B Preferred Units quarterly distribution of $0.5625 per unit and t
Feb 26, 2020 06:30 am ET
NGL Energy Partners LP to Participate in J.P. Morgan Global High Yield & Leveraged Finance Conference
NGL Energy Partners LP (NYSE:NGL) today announced that it will participate in the 2020 J.P. Morgan Global High Yield & Leveraged Finance Conference in Miami, Florida on February 26, 2020. Members of NGL’s management team will be presenting at the conference and will participate in a series of one-on-one meetings with members of the investment community.
Feb 18, 2020 06:30 am ET
NGL Energy Partners LP Announces New Acreage Dedications for Produced Water Transportation and Disposal in the Northern Delaware Basin
NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”) announced today that the Partnership recently signed separate, long-term produced water transportation and disposal agreements with two large, investment grade producer customers in the Delaware Basin. These agreements include acreage dedications totaling approximately 20,000 acres, from which initial produced water volumes are expected to be received beginning July 2020. The Partnership plans to use its existing infrastructure and significant disposal capacity to service these contracts.
Feb 06, 2020 06:30 am ET
NGL Energy Partners LP Announces Record Third Quarter Fiscal 2020 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported income from continuing operations for the quarter ended December 31, 2019 of $49.1 million, compared to income from continuing operations of $97.2 million for the quarter ended December 31, 2018. For the nine months ended December 31, 2019, the Partnership reported income from continuing operations of $42.5 million, compared to a loss from continuing operations of $137.3 million for the nine months ended December 31, 2018.
Jan 24, 2020 06:30 am ET
NGL Energy Partners Announces Quarterly Distributions
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, 2019. This cash distribution is payable on February 14, 2020 to common unitholders of record at the close of business on February 7, 2020.
Jan 16, 2020 05:40 pm ET
NGL Energy Partners LP Announces Fiscal Third Quarter Earnings Call and Provides Update on Recent Developments
NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”) plans to issue its fiscal third quarter ended December 31, 2019 earnings press release pre-market open on Thursday, February 6, 2020. Members of NGL’s management team will discuss its financial results for the quarter on an earnings call following this release, which is scheduled for Thursday, February 6, 2020 at 10:00 am CST.
Dec 16, 2019 04:30 pm ET
NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C 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, 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”) 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 Class B Preferred Units quarterly distribution of $0.5625 per unit an
Dec 11, 2019 06:30 am ET
NGL Energy Partners LP to Attend Wells Fargo Midstream and Utility Symposium
NGL Energy Partners LP (NYSE:NGL) announced today that it will attend the Wells Fargo 18th Annual Midstream and Utility Symposium in New York, New York, on December 11 and 12, 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.
Dec 10, 2019 06:30 am ET
NGL Energy Partners Appoints Derek Reiners to Board of Directors
NGL Energy Partners LP (NYSE: NGL) announced today that Mr. Derek Reiners has been appointed to the board of directors of its general partner, NGL Energy Holdings LLC, effective immediately. Mr. Reiners will serve as an independent director and has been appointed to the Audit Committee. Mr. Reiners replaces James C. Kneale, who will be retiring from the board of directors after eight years of service, effective December 31, 2019.
Nov 19, 2019 06:30 am ET
NGL Energy Partners LP to Attend 2019 RBC Capital Markets Midstream Conference
NGL Energy Partners LP (NYSE:NGL) today announced that it will attend the 2019 RBC Capital Markets Midstream Conference in Dallas, Texas on November 20 and 21, 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.
Nov 08, 2019 06:30 am ET
NGL Energy Partners LP Announces Second Quarter Fiscal 2020 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported income from continuing operations for the quarter ended September 30, 2019 of $0.7 million, compared to a loss from continuing operations of $26.0 million for the quarter ended September 30, 2018. For the six months ended September 30, 2019, the Partnership reported a loss from continuing operations of $1.7 million, compared to a loss from continuing operations of $284.8 million for the six months ended September 30, 2018.
Nov 01, 2019 06:30 am ET
NGL Energy Partners LP Closes Acquisition of Hillstone
NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”) announced it has closed its previously announced acquisition of all of the equity interests of Hillstone Environmental Partners, LLC (“Hillstone”) from Golden Gate Capital for approximately $600 million, subject to certain adjustments. Hillstone provides water pipeline and disposal infrastructure solutions to producers with a core operational focus in the state line area of southern Eddy and Lea Counties, New Mexico and northern Loving County, Texas in the Delaware Basin, which complements NGL’s existing Delaware Basin water franc
Oct 24, 2019 06:30 am ET
NGL Energy Partners Announces Quarterly Cash Distributions
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, 2019. This cash distribution is payable on November 14, 2019 to common unitholders of record at the close of business on November 7, 2019.
Sep 30, 2019 05:54 pm ET
NGL Energy Partners LP Announces Completion of Southeast Refined Products Assets Sale
NGL Energy Partners LP (NYSE:NGL) (“NGL” or the “Partnership”) today announced it has closed the previously announced transaction to sell TransMontaigne Product Services, LLC ("TPSL") and its associated assets for $275.5 million in proceeds at closing, including equity consideration, inventory, and net working capital. NGL also monetized approximately $15.6 million in derivative assets associated with the business and reduced letter of credit exposure by approximately $35.6 million. NGL used the net proceeds from the sale and monetization of derivatives to reduce outstanding indebtedness under
Sep 26, 2019 06:35 am ET
NGL Energy Partners LP Announces Agreement to Issue Additional Class D Preferred Units and Warrants
NGL Energy Partners LP (NYSE:NGL) (“NGL”) today announced that on September 25, 2019, it entered into an agreement with institutional investors for the private placement of $200 million of NGL’s Class D Preferred Units and warrants to purchase common units representing equity interests in NGL.
Sep 26, 2019 06:31 am ET
NGL Energy Partners LP Announces Definitive Agreement to Acquire Hillstone
NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”) announced it has executed a definitive agreement to acquire all of the equity interests of Hillstone Environmental Partners, LLC (“Hillstone”) from Golden Gate Capital for approximately $600 million, subject to certain adjustments. Hillstone provides water pipeline and disposal infrastructure solutions to producers with a core operational focus in the state line area of southern Eddy and Lea Counties, New Mexico and northern Loving County, Texas in the Delaware Basin.
Sep 16, 2019 06:30 am ET
NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C 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, 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”) 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 Class B Preferred Units quarterly distribution of $0.5625 per unit a
Aug 30, 2019 06:35 am ET
NGL Energy Partners LP Announces $150 Million Unit Repurchase Program
NGL Energy Partners LP (NYSE:NGL) announced today that the Board of Directors of its general partner has authorized a unit repurchase program, under which NGL may repurchase up to $150 million of its outstanding units representing limited partnership interests of NGL through September 30, 2021. NGL may repurchase units from time to time in the open market or in other privately negotiated transactions, subject to market conditions. The unit repurchase program authorization does not obligate NGL to repurchase any dollar amount or number of its units and repurchases may be commenced or suspended
Aug 23, 2019 02:06 pm ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Energy Supply Chain Index [CORRECTED]
DALLAS, Aug. 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 August 30, 2019, the constituents of the Index will be rebalanced, and the following changes will become effective on September 3, 2019:
Aug 23, 2019 09:02 am ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Energy Index
DALLAS, Aug. 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 August 30, 2019, the constituents of the Index will be rebalanced, and the following changes will become effective on September 3, 2019:
Aug 23, 2019 09:02 am ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Energy Supply Chain Index
DALLAS, Aug. 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 August 30, 2019, the constituents of the Index will be rebalanced, and the following changes will become effective on September 3, 2019:
Aug 23, 2019 09:02 am ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Transportation Index
DALLAS, Aug. 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 August 30, 2019, the constituents of the Index will be rebalanced, and the following changes will become effective on September 3, 2019:
Aug 23, 2019 09:02 am ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Utility Index
DALLAS, Aug. 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 August 30, 2019, the constituents of the Index will be rebalanced, and the following changes will become effective on September 3, 2019:
Aug 13, 2019 04:35 pm ET
NGL Energy Partners LP to Attend 2019 Citi One-on-One MLP/Midstream Infrastructure Conference
NGL Energy Partners LP (NYSE:NGL) today announced that it will attend the 2019 Citi One-on-One MLP/Midstream Infrastructure Conference in Las Vegas, Nevada, on August 14 and 15, 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.
Aug 09, 2019 12:41 pm ET
Alerian Reports June 30, 2019 Index Linked Product Positions
DALLAS, Aug. 9, 2019 /PRNewswire/ -- Alerian reported, as of June 28, 2019, total products directly tied to and tracking the Alerian indices was $13.7 billion.
Aug 08, 2019 06:45 am ET
NGL Energy Partners LP Announces First Quarter Fiscal 2020 Financial Results
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported net income for the quarter ended June 30, 2019 of $8.0 million, compared to a net loss of $169.3 million for the quarter ended June 30, 2018.
Aug 08, 2019 06:30 am ET
NGL Energy Partners LP Announces Sale of Southeast Refined Products Assets
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” or the “Partnership”) today announced that it has signed a definitive agreement to sell TransMontaigne Product Services, LLC ("TPSL") and associated assets to a strategic buyer with substantial assets for estimated proceeds of approximately $300 million, including equity consideration, inventory, and net working capital, based on June 30, 2019 values and subject to actual values at closing. The Partnership also expects to significantly reduce letter of credit commitments following the sale. TPSL makes up a portion of NGL's Refined Products repor
Jul 23, 2019 05:52 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, 2019. This cash distribution is payable on August 14, 2019 to common unitholders of record at the close of business on August 7, 2019.
Jul 22, 2019 04:45 pm ET
NGL Energy Partners LP Announces Timing of Fiscal 2020 First Quarter Earnings Release and Conference Call
NGL Energy Partners LP (NYSE:NGL) plans to issue its fiscal first quarter ended June 30, 2019 earnings press release pre-market open on Thursday, August 8, 2019. Members of NGL’s management team intend to host an earnings call following this release on Thursday, August 8, 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 1596898. An archived audio replay of the call will be available for 7 days beginning at 10:00 am CDT on August 9, 2019, which can be access
Jul 02, 2019 04:55 pm ET
NGL Energy Partners LP Closes Combination with Mesquite and Announces Investment from EIG and FS Energy and Power Fund
NGL Energy Partners LP (NYSE:NGL) (the “Partnership” or “NGL”) today announced the closing of its previously announced acquisition of all of the assets of Mesquite Disposals Unlimited, LLC (“Mesquite”) for a total purchase price of $892.5 million on a cash-free, debt-free basis, a portion of which will be funded in deferred payments.
Jul 02, 2019 04:49 pm ET
NGL Energy Partners LP Announces Closing of $400 Million Private Placement of Equity Securities
NGL Energy Partners LP (NYSE:NGL) (the “Partnership” or “NGL”) today announced that on July 2, 2019, it completed a private placement to institutional investors of $400 million of its Class D Preferred Units and warrants to purchase common units representing equity interests in the Partnership.
Jun 14, 2019 05:30 pm ET
NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C 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, 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”) 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 Class B Preferred Units
May 30, 2019 05:26 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, 2019
with the Securities and Exchange Commission after market on May 30,
2019. A copy of the Form 10-K can be found on the Partnership’s website
at www.nglenergypartners.com.
Un
May 30, 2019 06:40 am ET
NGL Energy Partners LP Announces Fourth Quarter and Fiscal 2019 Financial Results and Initiates Fiscal 2020 Guidance
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the
“Partnership”) today reported net income for the quarter ended March 31,
2019 of $43.2 million, including a $107.9 million gain on the sale of
our South Pecos water disposal business, compared to net income for the
quarter ended March 31, 2018 of $110.9 million, which included an $89.3
million gain on the sale of a portion of the Partnership’s Retail
Propane business. The Partnership reported net income for Fiscal 2019 of
$339.4 million, compared to a net loss of $69.6 million in Fisc
May 23, 2019 09:02 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 09:02 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 09:02 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 09:02 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 06:40 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 06:30 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 06:45 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 06:32 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 07:20 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 06:30 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 06:10 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 08:09 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 06:55 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 06:37 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 09:55 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 05:00 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 03:31 pm 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 05:52 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 07:10 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 04:52 pm 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 06:35 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 04:45 pm 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 11:37 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 04:45 pm 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 07:40 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 06:30 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 08:02 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 04:40 pm 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 20, 2018 12:01 am 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 03:35 pm 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 11:52 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 07:20 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 06:30 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 06:30 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 06:30 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 06:30 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 06:30 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 07:40 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 05:13 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 05:30 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 07:30 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 12:56 pm 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 04:30 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 09:02 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 04:30 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 01:30 pm 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 04:45 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 06:30 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 05:30 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 06:40 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 08:30 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 09:50 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 07:35 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 05:15 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 05:28 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 04:30 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 04:09 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 04:07 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 05:30 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 08:30 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 11:42 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 06:11 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 06:20 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 06:20 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 06:20 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 05:36 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 08:25 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 06:45 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 03:24 pm 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 04:15 pm 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 08:53 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 08:15 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 05:15 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 08:49 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 06:20 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 06:40 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 06:20 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 06:50 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 07:30 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 06:23 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 05:07 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 08:30 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 06:55 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
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