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NGL Energy Partners LP

Company Summary

Description

Publicly traded Master Limited Partnership listed under the ticker symbol “NGL” on the New York Stock Exchange.

Website

http://www.nglenergypartners.com/

Financial Data:

NYSE:NGL from Google Finance

Tickers:

  • NGL - New York Stock Exchange

Related Entities

Recent news

  • 11/3/2020 - NGL Energy Partners... (subscriber access)
  • 10/1/2020 - NGL Energy Partners... (subscriber access)
  • 9/30/2020 - NGL Energy Partners... (subscriber access)
  • 8/31/2020 - NGL Energy Partners... (subscriber access)
  • 8/7/2020 - NGL Energy Partners... (subscriber access)

Investor Presentations

Company Transactions

Date: 12/30/2019
Type: Acquisition

NOTES:
NGL Energy Partners executed a definitive agreement to acquire all of the equity interests of Hillstone Environmental Partners from Golden Gate Capital for roughly $600 million.
REGIONS:
  • Permian Basin
  • Date: 9/30/2019
    Type: Acquisition

    NOTES:
    NGL Energy Partners has entered into a deal to sell TransMontaigne Product Services for $300 million to a strategic buyer.
    REGIONS:
  • United States
  • Date: 7/30/2019
    Type: Acquisition

    DETAILS:

    COST: 890 $MM

    VOLUMES: 1 MM Bbls/d

    NOTES:
    NGL Energy Partners executed a definitive agreement to combine all of the assets of Mesquite with NGL's Water Solutions business for $890 million. At closing the Mesquite system will contain 35 salt water disposal wells with over 1 MMbbls/d of disposal capacity expected by year-end 2019
    REGIONS:
  • Delaware Basin
  • Date: 3/4/2019
    Type: Acquisition

    NOTES:
    NGL acquired 100% ownership of five propane rail terminals operated by Gas Supply Resources, a subsidiary of DCP, and 50% ownership interest in a sixth propane rail terminal. The seventh terminal is an import/export terminal located in Virginia, with the capability to load or unload ships.
    REGIONS:
  • Northeast
  • Southeast
  • Date: 1/30/2019
    Type: Acquisition

    DETAILS:

    COST: 238.8 $MM

    NOTES:
    NGL Energy Partners reported the sale of its South Pecos Water Disposal Assets to a subsidiary of WaterBridge Resources for $238.8 million.
    REGIONS:
  • Delaware Basin
  • Date: 12/31/2018
    Type: Acquisition

    DETAILS:

    COST: 91 $MM

    NOTES:
    NGL Energy Partners entered into an agreement to sell NGL Water Solutions Bakken, LLC to an affiliate of Tallgrass Energy for $91 million. The Company intends to utilize the proceeds to reduce debt. The operations include five saltwater disposal wells located in McKenzie and Dunn Counties, North Dakota. The transaction is expected to close by year-end 2018.
    REGIONS:
  • Bakken
  • Date: 9/11/2018
    Type: Acquisition

    DETAILS:

    VOLUMES: 11.6 MM Bbls

    ACRES: 123000 Acres

    NOTES:
    NGL acquired the 36,000 acre Beckham Ranch position and the the 87,000 acre McCloy Ranch, adding 11.6 MMbbl in fresh water reserves to their portfolio.
    REGIONS:
  • Permian Basin
  • Date: 7/10/2018
    Type: Acquisition

    DETAILS:

    COST: 900 $MM

    NOTES:
    NGL Energy Partners has entered into a deal with Superior Plus Corp. to sell its remaining retail propane business for $900 million in cash.

    Date: 3/31/2018
    Type: Acquisition

    BUYERS:
  • DCC PLC
  • DETAILS:

    COST: 200 $MM

    NOTES:
    NGL Energy Partners is divesting its retail propane businesses in the Western U.S. and Midcontinent to DCC LPG, a division of DCC plc.
    REGIONS:
  • West
  • Midcontinent
  • Date: 3/31/2018
    Type: Joint Venture

    NOTES:
    NGL is selling a stake in Sawtooth for $45 million to Magnum, resulting in NGL owning 67.6% of the JV and Magnum holding 32.4%. Magnum has optionality to acquire an additional 21.6% stake in the JV and another 46.0% within three years of closing. The deal will close March 31, 2018.
    REGIONS:
  • Rockies
  • Date: 12/27/2017
    Type: Acquisition

    NOTES:
    SemGroup, through Rose Rock, and NGL Energy Partners are selling their 50% stakes in Glass Mountain for $300 million each.
    REGIONS:
  • Oklahoma STACK Play
  • Midcontinent
  • Date: 1/9/2017
    Type: Acquisition

    NOTES:
    NGL Energy Partners will buy the Port Hudson NGL Terminal and Kingfisher NGL facility to Murphy Energy Corporation for purchase price of $51 million.
    REGIONS:
  • Gulf Coast
  • Oklahoma STACK Play
  • Date: 10/4/2016
    Type: Acquisition

    REGIONS:
  • Gulf Coast
  • Date: 2/15/2016
    Type: Acquisition

    NOTES:
    In February 2016, ArcLight Energy Partners Fund VI indirectly acquired 100% of our general partner for $350 million in cash from NGL Energy Partners (NGL) TLP’s GP – holds 2% GP interest and 100% of IDRs (currently in “high-splits”).