NGL Energy Partners LP operates as a Delaware master limited partnership in midstream energy logistics and produced water management. The Partnership transports, stores, markets and provides logistics services for crude oil, natural gas liquids and other products, while its Water Solutions business transports, treats and disposes of produced water generated by oil and natural gas production.
Company news commonly covers Delaware Basin water infrastructure, including the Lea County Express Pipeline System, disposal wells, injection facilities and produced water handling capacity. Other recurring developments include results by Water Solutions and Crude Oil Logistics, activity on the Grand Mesa Pipeline and terminal assets, preferred-unit distributions, common-unit repurchases, debt refinancing and other capital-structure actions.
NGL (NYSE: NGL) closed a new seven-year $950.0 million senior secured term loan and amended its senior secured asset-based revolving credit facility. Net proceeds will repay the existing term loan, enable repurchase of approximately 195,000 Class D preferred units, and fund general corporate purposes.
The Term Loan amount was increased by $250.0 million from $687.8 million, and the ABL commitment was reduced from $475.0 million to $425.0 million. After repurchases, ~316,000 Class D units will remain.
NGL Energy Partners (NYSE:NGL) reported third quarter Fiscal 2026 results: income from continuing operations $48.2M versus $23.7M year-ago and Adjusted EBITDA $172.5M versus $158.0M. Produced water processed ~3.07M bbls/day (+17.1%); paid disposed volumes ~3.13M bbls/day (+7%).
The Partnership repurchased 1,611,088 common units this quarter (8,698,477 total at $5.6963 average), redeemed additional Class D preferred units, held liquidity of ~$331.1M, and had ABL borrowings of ~$92.0M. NGL reaffirmed FY2026 Adjusted EBITDA guidance of $650–$660M and expects FY2027 to exceed $700M.
NGL Energy Partners (NYSE: NGL) and Natura Resources announced a collaboration to pair Natura's 100-megawatt molten-salt reactor (MSR-100) with thermal desalination to treat produced water at industrial scale in the Permian Basin. The deal targets power generation, produced water treatment, and critical mineral extraction, and cites an expected TPDES permit and a commercial MSR-100 deployment target for 2029.
The partners highlight Natura's modular, lower-capex molten-salt design, an existing NRC construction permit for a 1-megawatt test reactor (Sept 2024), and NGL's produced-water operations handling over 3 million barrels per day.
NGL Energy Partners (NYSE: NGL) will release results for the quarter ended Dec 31, 2025 after market close on Tuesday, Feb 3, 2026. Management will host an earnings call the same day at 4:00 pm CT to discuss financial results. Participants may join the live webcast via the event link or dial (888) 506-0062 with conference code 607307. An archived audio replay will be available for 14 days by dialing (877) 481-4010 and using replay passcode 53486.
NGL Energy Partners (NYSE: NGL) announced quarterly cash distributions for preferred units for the quarter ending Dec 31, 2025. The Board declared quarterly per-unit distributions of $0.7162 for Class B and $0.7106 for Class C, payable Jan 15, 2026 to holders of record on Jan 1, 2026. The Board also declared a total cash distribution of $14,618,325.21 for Class D, payable on the same dates.
The release includes a standard forward-looking statements caution noting risks and uncertainties and that results may differ from expectations.
NGL Energy Partners (NYSE:NGL) reported Q2 Fiscal 2026 results with income from continuing operations of $29.8M and Adjusted EBITDA of $167.3M (vs. $149.4M prior year). The Water Solutions segment set record produced water disposal of ~2.80 million barrels per day for the quarter and exceeded 3.0 million bpd in October; paid/physically disposed volumes were 3.15 million bpd.
NGL raised Fiscal 2026 Adjusted EBITDA guidance to $650M–$660M, increased growth capital to $160M tied to >500,000 bpd of new producer contracts, and expects Fiscal 2027 Adjusted EBITDA to exceed $700M.
NGL Energy Partners (NYSE: NGL) will release results for the quarter ended September 30, 2025 after market close on Tuesday, November 4, 2025. Management will host an earnings call the same day at 4:00 pm CDT to discuss financial results. Analysts and investors can join via webcast at https://www.webcaster5.com/Webcast/Page/2808/53103 or by dialing (877) 545-0523 with conference code 237914. An archived audio replay will be available for 14 days by dialing (877) 481-4010 and using replay passcode 53103.
NGL Energy Partners (NYSE: NGL) has declared quarterly distributions for its preferred unit holders. The distributions include $0.7353 per Class B Preferred Unit and $0.7297 per Class C Preferred Unit. Additionally, a total distribution of $15,568,183.02 has been declared for Class D Preferred Units.
All distributions will be paid on October 15, 2025, to holders of record as of October 1, 2025. The distributions align with the terms outlined in NGL's partnership agreement for its 11.765% Class B and 11.675% Class C Floating Rate Cumulative Redeemable Perpetual Preferred Units.
NGL Energy Partners LP (NYSE:NGL) reported strong Q1 Fiscal 2026 results with income from continuing operations of $30.3 million, up from $17.6 million in Q1 Fiscal 2025. Adjusted EBITDA reached $144.0 million, compared to $138.6 million year-over-year.
The Water Solutions segment processed 2.77 million barrels of produced water per day, a 12.4% increase year-over-year. The company completed several strategic asset sales, including 17 natural gas liquids terminals, wholesale propane business, refined products Rack Marketing business, and Limestone Ranch.
Financial improvements included the repurchase of $19.0 million of 2032 Senior Notes at a discount, 70,000 Class D preferred units, and 4,665,343 common units at an average price of $4.30. The company maintains strong liquidity of $391.6 million with compliance across all debt covenants.
NGL Energy Partners LP (NYSE:NGL) has announced the availability of its 2024 Schedule K-3s for tax reporting purposes. The Schedule K-3s, which contain information about international tax relevance, can be accessed online at www.taxpackagesupport.com/ngl.
The documents are primarily relevant for foreign unitholders, those computing foreign tax credits, and certain corporate and partnership unitholders. While NGL will not mail physical copies, unitholders can request electronic copies via email by calling Tax Package Support at (877) 222-3208.