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NGL Energy Partners LP (NGL.N)

NGL.N on New York Stock Exchange

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23 May 2017
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Latest Key Developments (Source: Significant Developments)

NGL Energy Partners expects fiscal year 2017 adj EBITDA of about $380 mln
Monday, 24 Apr 2017 06:35pm EDT 

April 24 (Reuters) - NGL Energy Partners LP :NGL Energy Partners LP expects fiscal year 2017 adjusted EBITDA of approximately $380 million.For fiscal year 2018, NGL expects to generate adjusted EBITDA of approximately $500 million to $525 million.For FY 2018 distributable cash flow is expected to be $300-325 million and could generate over $100 million of excess cash flow.  Full Article

NGL Energy Partners amends credit agreement
Wednesday, 5 Apr 2017 05:04pm EDT 

NGL Energy Partners LP : NGL Energy Partners LP - on March 31, co, units, other subsidiary borrowers party entered into amendment 1 to amended and restated credit agreement .NGL Energy Partners LP- amendment, among other things, reduced maximum senior secured leverage ratio from 3.50:1.00 to 3.25:1.00 - sec filing.  Full Article

NGL Energy Partners LP enters into an amended and restated note purchase agreement
Tuesday, 4 Apr 2017 05:21pm EDT 

NGL Energy Partners Lp : NGL Energy Partners LP - on March 31, 2017, co entered into an amended and restated note purchase agreement effective as of December 31, 2016 .NGL Energy Partners - co entered amended,restated note purchase deal to reflect terms of amended and restated credit agreement, dated Feb 14, 2017.  Full Article

NGL Energy Partners qtrly loss per share $0.07
Tuesday, 7 Feb 2017 07:00am EST 

Ngl Energy Partners Lp : Ngl energy partners lp announces third quarter fiscal 2017 results . Q3 revenue $3.41 billion versus i/b/e/s view $3.09 billion .Qtrly loss per share $0.07.  Full Article

NGL Energy Partners LP to acquire certain assets from Murphy Energy Corporation
Tuesday, 20 Dec 2016 07:00am EST 

NGL Energy Partners Lp : NGL Energy Partners LP to acquire certain assets from Murphy Energy Corporation . Combined purchase price of assets is approximately $51 million and is expected to close in January 2017 . NGL Energy Partners LP says transaction was approved by United States Bankruptcy Court as high bidder for certain assets of Murphy Energy Corporation .NGL Energy Partners LP says assets include Port Hudson, Louisiana terminal and Kingfisher, Oklahoma facility.  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

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BRIEF-NGL Energy Partners expects fiscal year 2017 adj EBITDA of about $380 mln

* NGL Energy Partners LP expects fiscal year 2017 adjusted EBITDA of approximately $380 million