Welcome to our dedicated page for Ngl Energy Partners Lp news (Ticker: NGL), a resource for investors and traders seeking the latest updates and insights on Ngl Energy Partners Lp stock.
NGL Energy Partners LP (NGL) is a vertically integrated midstream energy company providing critical services across crude oil logistics, water solutions, and natural gas liquids distribution. This page serves as the definitive source for official news, financial updates, and operational developments directly from the company.
Investors and industry professionals will find timely press releases covering quarterly earnings, strategic partnerships, infrastructure expansions, and sustainability initiatives. Our curated collection includes updates across all business segments: crude oil transportation, produced water treatment, retail propane distribution, and emerging renewable energy projects.
Bookmark this page for streamlined access to NGL's latest regulatory filings, leadership announcements, and market position updates. All content is sourced from verified corporate communications, ensuring accuracy for informed decision-making. Check regularly for developments impacting the midstream energy sector and NGL's role within it.
NGL Energy Partners LP (NYSE: NGL) has announced its plans to release its fiscal quarter earnings report for the period ending June 30, 2024. The report will be issued after market close on Thursday, August 8, 2024. Following the release, NGL's management team will host an earnings call at 4:00 pm CDT on the same day to discuss the financial results.
Interested parties can join the webcast via the provided event link or dial in using the conference code: NGL Energy Partners. An audio replay of the call will be available for 14 days, accessible by dialing a specific number and using the replay passcode 50965.
NGL Energy Partners LP (NYSE: NGL) announced its Board of Directors has declared quarterly cash distributions for its Class B, Class C, and Class D Preferred Units for the quarter ending June 30, 2024.
Class B Preferred Units, with a 12.511% floating rate, will receive $0.7820 per unit. Class C Preferred Units, with a 12.682% floating rate, will receive $0.7926 per unit. Both distributions will be paid on July 15, 2024, to holders of record on July 1, 2024.
Additionally, a distribution of $15,608,478.65 was declared for Class D Preferred Units, to be paid on the same date. These decisions align with the terms of NGL's partnership agreement.
NGL Energy Partners LP (NYSE:NGL) announced its fiscal 2024 fourth quarter and full year financial results, reporting a net loss of $143.1 million for the year, compared to a net income of $52.5 million in fiscal 2023.
The fourth quarter saw a net loss of $236.7 million, increased from a $33.2 million loss in the same period last year. Adjusted EBITDA for the year was $610.1 million, down from $632.7 million, with the fourth quarter at $147.5 million, down from $173.3 million.
Record performance was noted in Water Solutions with a 10% increase in Adjusted EBITDA to $508.3 million and a 4.1% increase in water disposal volumes. NGL also expanded its pipeline capacity and executed a $2.9 billion debt refinancing. Guidance for fiscal 2025 forecasts Water Solutions Adjusted EBITDA at $550-$560 million and consolidated Adjusted EBITDA at $665 million, with capital expenditures projected at $210 million.
Notably, NGL sold non-core assets for $69.3 million and initiated a $50 million common unit repurchase program.
NGL Energy Partners LP (NYSE: NGL) has announced a common unit repurchase program authorized by its Board of Directors, allowing the repurchase of up to $50 million of its outstanding units.
The program does not have a fixed expiration date, enabling NGL to purchase shares discretionarily through open market transactions or privately negotiated deals.
Additionally, repurchases can be made under a Rule 10b5-1 plan, allowing purchases even during periods when insider trading laws or self-imposed trading restrictions apply.
The number and timing of repurchases will depend on market conditions, stock price, trading volume, general business conditions, and capital availability. The program is flexible and can be modified, suspended, or terminated at any time without notice.
NGL Energy Partners LP (NYSE: NGL) will release its fiscal year ended March 31, 2024 earnings report on June 6, 2024, after market close. Following the release, NGL's management team will host an earnings call at 4:00 pm CDT to discuss the financial results. Interested parties can join the webcast or dial in using the provided access code. An audio replay will be available for 14 days post-call.
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