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NGL Energy Partners LP (NGL.N)

NGL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

NGL Energy Partners LP announces $450 million offering of senior notes
Wednesday, 15 Feb 2017 04:24pm EST 

NGL Energy Partners LP : NGL Energy Partners LP announces $450 million offering of senior notes . NGL Energy Partners LP says intend to offer $450 million in aggregate principal amount of senior notes due 2025 .NGL Energy Partners LP says expects to use net proceeds to reduce borrowings under its senior secured revolving credit facility.  Full Article

NGL Energy Partners LP announces public offering of 8 mln units
Wednesday, 15 Feb 2017 04:23pm EST 

NGL Energy Partners LP : NGL Energy Partners LP announces public offering of common units . Says offering 8.00 million common units .NGL Energy Partners LP says intends to use net proceeds to repay borrowings under its revolving credit facility.  Full Article

NGL Energy Partners LP announces amended and extended revolving credit facility
Wednesday, 15 Feb 2017 06:40am EST 

NGL Energy Partners Lp - : Announces amended and extended revolving credit facility . Announces amended and extended revolving credit facility . Amended facility has an initial borrowing capacity of $1.765 billion . Amended facility has an initial borrowing capacity of $1.765 billion, and contains accordion feature of up to an additional $300 million . Amended facility is secured by substantially all of partnership's assets subject to certain exclusions . Amended and extended its revolving credit facility extending term of facility to October 2021 . Amended facility includes a similar pricing and covenant package to previous facility . At December 31, 2016, partnership's senior secured leverage ratio was approximately 1.76 to 1.0 .Amended facility consists of a $765 million facility for acquisitions among others.  Full Article

NGL Energy Partners LP announces second quarter fiscal 2017 results
Friday, 4 Nov 2016 07:00am EDT 

Ngl Energy Partners Lp : NGL Energy Partners LP announces second quarter fiscal 2017 results . NGL Energy Partners says fiscal 2017 adjusted EBITDA target updated to $485 million - $500 million . NGL Energy Partners says expects remaining capital expenditures for Grand Mesa project to total approximately $15.2 million . NGL Energy Partners lp says qtrly loss per common unit $0.71 . NGL Energy Partners says qtrly total revenues $3.05 billion versus. $3.19 billion last year . Q2 earnings per share view $-0.13, revenue view $2.97 billion -- Thomson Reuters I/B/E/S .Q2 revenue $3.05 billion versus I/B/E/S view $2.97 billion.  Full Article

NGL Energy Partners files for offering of up to $200 mln
Wednesday, 24 Aug 2016 05:20pm EDT 

Ngl Energy Partners Lp :Files for offering of common units representing LP interests of up to $200.0 million - sec filing.  Full Article

NGL Energy reports Q1 revenue of $2.72 bln
Thursday, 4 Aug 2016 06:45am EDT 

Ngl Energy Partners Lp : Q1 revenue $2.72 billion versus i/b/e/s view $2.48 billion . Ngl energy partners lp announces first quarter fiscal 2017 results . Qtrly diluted income per common unit $1.38 . Continues to expect to generate adjusted ebitda of approximately $500 million during fiscal 2017 .Distributable cash flow is expected to generate approximately $175 million in fy 2017.  Full Article

NGL Energy Partners files for stock shelf of up to $200 mln of common units
Wednesday, 29 Jun 2016 05:23pm EDT 

NGL Energy Partners LP :NGL Energy Partners LP files for stock shelf of up to $200 mln of common units representing limited partner interests - SEC filing.  Full Article

NGL Energy identified certain contingent consideration liabilities in connection with recording of combinations that occurred in Q4
Tuesday, 31 May 2016 04:57pm EDT 

NGL Energy Partners : Application of correct accounting results in increase to goodwill, current liabilities for first 3 quarters of FY 2016 - sec filing . Due to error, financial statements on form 10-q for qtrs ended June 30, 2015, Sept 30, 2015 & Dec 31, 2015 should be restated . In connection with recording of business combinations that occurred in q4 , co identified certain contingent consideration liabilities .Application of correct accounting also results in increase to long-term liabilities, increase to earnings for first 3 quarters of FY 2016.  Full Article

NGL Energy Partners Q4 net loss $207.0 mln
Friday, 27 May 2016 08:00am EDT 

NGL Energy Partners LP : Re-iterates fiscal year 2017 adjusted ebitda guidance of $500 million; net loss for Q4 of fiscal 2016 was $207.0 million . During quarter partnership recorded an impairment charge to goodwill of $380.2 million related to water solutions segment . Partnership currently expects to spend between $200 million and $300 million on growth capital expenditures during fiscal year 2017 .Announces fourth quarter fiscal 2016 results.  Full Article

NGL Energy Partners LP appoints new CFO
Monday, 22 Feb 2016 03:48pm EST 

NGL Energy Partners LP:Announces appointment of new chief financial officer.Says robert w. karlovich III appointed CFO.Says karlovich recently served as CFO for Targa pipeline partners lp, a unit of Targa Resources Partners LP.  Full Article

BRIEF-NGL Energy Partners LP posts qtrly loss of $0.61 per common unit

* Says net loss for Q1 of fiscal 2018 was $63.7 million, compared to net income for Q1 of fiscal 2017 of $182.8 million