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NGL Energy Partners LP - NGL STOCK NEWS

Welcome to our dedicated news page for NGL Energy Partners LP (Ticker: NGL), a resource for investors and traders seeking the latest updates and insights on NGL Energy Partners LP.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect NGL Energy Partners LP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of NGL Energy Partners LP's position in the market.

News
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
Rhea-AI Summary
NGL Energy Partners LP (NYSE: NGL) announced the approval of distributions to fully pay remaining arrearages on Class B, C, and D Preferred Units. The arrearage payments will be made to holders of specific preferred units, with amounts detailed for each class. The total distribution amount will be $98,089,360, financed through recent asset sales and a draw on the ABL. CEO Mike Krimbill highlighted the company's progress and increased flexibility due to this development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.54%
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none
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News
NGL Energy Partners LP Announces Sale of the New Mexico Ranches
Rhea-AI Summary
NGL Energy Partners LP (NGL) completes the sale of its North and South Ranches in New Mexico, generating approximately $70.0 million in proceeds. The sale surpasses the $150 million asset sale guidance, showcasing NGL's commitment to portfolio optimization and focus on reliable produced water management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.61%
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none
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News
NGL Energy Partners LP Announces Cash Distribution of 55.4% of Outstanding Arrearages for Class B, Class C and Class D Preferred Units
Rhea-AI Summary
NGL Energy Partners LP (NYSE: NGL) announced a distribution of 55.4% of outstanding arrearages for Q1 2024 to preferred unit holders. Quarterly distributions for Class B and Class C Preferred Units, along with a cash distribution for Class D units, totaling $120 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.61%
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none
News
NGL Energy Partners LP Announces Status of Investor Tax Packages
Rhea-AI Summary
NGL Energy Partners LP provides an update on the availability of the partnership’s 2023 Investor Tax Packages. The timing is dependent on the passage of the Tax Relief for American Families and Workers Act of 2024 by the U.S. Congress and the Biden administration. The legislation may lower NGL's taxable income for 2023. Due to the ongoing consideration of the bill, the availability of the tax packages is expected to be delayed until March 30, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
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none
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News
NGL Energy Partners LP Announces Third Quarter Fiscal 2024 Financial Results
Rhea-AI Summary
NGL Energy Partners LP reported its third quarter Fiscal 2024 financial results, including net income of $45.8 million, adjusted EBITDA of $151.7 million, and total leverage at the end of the quarter at 4.26 times. The company announced an open season for the Grand Mesa Pipeline and expects total asset sales in Fiscal 2025 of $150 million plus. However, the company also delivered notice to redeem existing notes and closed a debt refinancing transaction of $2.9 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
Tags
earnings
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News
NGL Energy Partners LP Announces Cash Distribution of 50% of Outstanding Arrearages for Class B, Class C and Class D Preferred Units
Rhea-AI Summary
NGL Energy Partners LP (NGL) announced a distribution of 50% of arrearages earned and outstanding through December 31, 2023 to be paid to holders of its preferred units. Each holder of Class B Preferred Units will receive $4.4439 per unit, and each holder of Class C Preferred Units will receive $4.0746 per unit on February 27, 2024. Additionally, a cash distribution of $115,035,820.87 was declared for Class D preferred units, also to be paid on February 27, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.47%
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none
News
NGL Closes $2.9 Billion Debt Refinancing Transactions and Amends and Extends Asset-Based Revolving Credit Facility
Rhea-AI Summary
NGL Energy Partners LP (NGL) has closed $2.9 billion of refinancing transactions, including a $2.2 billion senior secured notes offering and a seven-year $700.0 million senior secured term loan facility. The net proceeds will be used for various purposes, including the redemption of existing senior notes, repayment of borrowings, and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
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none
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News
NGL Energy Partners Announces Earnings Call
Rhea-AI Summary
NGL Energy Partners LP (NYSE: NGL) will release its fiscal third quarter earnings on February 8, 2024. The management team will host an earnings call to discuss financial results, which can be accessed via webcast or phone. An archived audio replay will also be available for 14 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
earnings
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News
NGL Energy Partners LP Announces Pricing of $2.2 Billion Offering of Senior Secured Notes
Rhea-AI Summary
NGL Energy Partners LP has announced the upsizing of their senior secured notes offering from $2.1 billion to $2.2 billion. The company has priced $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. NGL expects to use the net proceeds of the offering for various purposes including funding the redemption of existing notes and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.1%
Tags
none
News
NGL Energy Partners LP Announces $2.1 Billion Offering of Senior Secured Notes
Rhea-AI Summary
NGL Energy Partners LP (NYSE: NGL) announced its intention to offer $2.1 billion in aggregate principal amount of senior secured notes due 2029 and senior secured notes due 2032. The company plans to use the net proceeds to fund the redemption of existing senior notes, pay fees and expenses, and repay a portion of outstanding borrowings under NGL's senior secured asset-backed lending facility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.13%
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none
Stock NGL logo
NGL Energy Partners LP

NYSE:NGL

NGL Rankings

#2629 Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

NGL Stock Data

795.08M
123.02M
7.04%
40.75%
2.24%
Pipeline Transportation of Crude Oil
Transportation and Warehousing
Link
US
Tulsa

About NGL

welcome to ngl energy partners, formed in 2010. our asset base throughout the united states establishes us as a vertically integrated full service mlp occupying a unique niche in the midstream energy sector. we serve customers at various points along the crude oil and natural gas liquids supply chain, water treatment and retail propane which create a diversified platform to pursue multiple growth strategies. our structure allows us the flexibility to respond quickly to emerging growth options, and our size affords us a unique competitive advantage – we are large enough to serve our customers, while being small enough to know them. ngl energy partners is focused on five business segments: •crude oil logistics •water solutions •ngl liquids •retail propane •refined products/renewables we provide solutions for upstream companies such as marketing crude oil, marketing natural gas liquids, treating produced and flowback water disposal or recycling. we own terminals located coast to coast, ne