Liquid logistics

NGL Energy Partners LP Announces Second Quarter Fiscal 2024 Financial Results

Retrieved on: 
Thursday, November 9, 2023
Oil, Gas, Energy, Sale, EBITDA, Webcast, WTI, EPA, Record, Corporation, Acquisition, Bank, Risk, NGL, Delaware Basin, CMA, Depreciation, Public expenditure, Argus, Propane, Water & Solutions, Liquid logistics, Conference, GAAP, Central Time, Water, Forecasting, West Texas Intermediate, Cryptocurrency, Bookkeeping, Partnership, Adjustment

Operating expense per produced barrel processed was $0.24 for the quarter ended September 30, 2023, compared to $0.27 in the comparative quarter last year.

Key Points: 
  • Operating expense per produced barrel processed was $0.24 for the quarter ended September 30, 2023, compared to $0.27 in the comparative quarter last year.
  • Operating income for the Crude Oil Logistics segment decreased $18.1 million for the quarter ended September 30, 2023, compared to the quarter ended September 30, 2022.
  • NGL defines EBITDA as net income (loss) attributable to NGL Energy Partners LP, plus interest expense, income tax expense (benefit), and depreciation and amortization expense.
  • Forward-looking non-GAAP financial measures provided without the most directly comparable U.S. GAAP financial measures may vary materially from the corresponding U.S. GAAP financial measures.

NGL Energy Partners LP Announces First Quarter Fiscal 2024 Financial Results

Retrieved on: 
Wednesday, August 9, 2023
Oil, Gas, Energy, Maintenance, Loss, CMA, Liquid logistics, Record, Water & Solutions, GAAP, NGL, Delaware Basin, Central Time, Propane, Sale, Forecasting, Public expenditure, EPA, Partnership taxation in the United States, West Texas Intermediate, EBITDA, Acquisition, Risk, Water, WTI, Webcast, Argus, Depreciation, Bank, Cryptocurrency, Gasoline, Bookkeeping, Partnership, Adjustment

We expect to sell both stored and ongoing production of skim oil during the second quarter of fiscal year 2024.

Key Points: 
  • We expect to sell both stored and ongoing production of skim oil during the second quarter of fiscal year 2024.
  • Operating income for the Crude Oil Logistics segment decreased $2.0 million for the quarter ended June 30, 2023, compared to the quarter ended June 30, 2022.
  • NGL defines EBITDA as net income (loss) attributable to NGL Energy Partners LP, plus interest expense, income tax expense (benefit), and depreciation and amortization expense.
  • Forward-looking non-GAAP financial measures provided without the most directly comparable U.S. GAAP financial measures may vary materially from the corresponding U.S. GAAP financial measures.

NGL Energy Partners LP Announces Fourth Quarter and Full Year Fiscal 2023 Financial Results; Guidance for Fiscal 2024

Retrieved on: 
Wednesday, May 31, 2023
Other Transport, Rail, Maritime, Transport, Chemicals, Plastics, Utilities, Oil, Gas, Manufacturing, Energy, Borrowing base, Maintenance, Note, Liquid logistics, Loss, CMA, Bank statement, Fiscal, Record, Water & Solutions, NGL, GAAP, Delaware Basin, Central Time, Sale, Forecasting, Public expenditure, Partnership taxation in the United States, West Texas Intermediate, EBITDA, Acquisition, Annual report, Risk, Water, Form, WTI, Webcast, Argus, Depreciation, Security (finance), Bank, Bookkeeping, Partnership, Adjustment

In addition, for the quarter ended March 31, 2023, approximately 33,480 barrels of skim oil were stored and will be sold during fiscal year 2024.

Key Points: 
  • In addition, for the quarter ended March 31, 2023, approximately 33,480 barrels of skim oil were stored and will be sold during fiscal year 2024.
  • Operating income for the fourth quarter of Fiscal 2023 decreased by $12.6 million, compared to the same quarter in Fiscal 2022.
  • Excluding these amounts, operating income increased by $25.1 million for the fourth quarter of Fiscal 2023.
  • Operating income for the fourth quarter of Fiscal 2023 includes a loss from the disposal or impairment of assets of $10.2 million.

NGL Energy Partners LP Announces Third Quarter Fiscal 2023 Financial Results

Retrieved on: 
Thursday, February 9, 2023
Trucking, Other Energy, Logistics, Supply Chain Management, Oil, Gas, Transport, Energy, Other Transport, Public expenditure, Loss, Record, Central Time, Water, CMA, Partnership taxation in the United States, Liquid logistics, Water & Solutions, Note, Delaware Basin, West Texas Intermediate, Acquisition, NGL, Maintenance, EBITDA, GAAP, Webcast, WTI, Sale, Risk, Forecasting, Hurricane Ida, Argus, Depreciation, Borrowing base, Maple syrup, Bookkeeping, Adjustment, Partnership

Operating income for the Crude Oil Logistics segment increased $13.8 million for the quarter ended December 31, 2022, compared to the quarter ended December 31, 2021.

Key Points: 
  • Operating income for the Crude Oil Logistics segment increased $13.8 million for the quarter ended December 31, 2022, compared to the quarter ended December 31, 2021.
  • A conference call to discuss NGL’s results of operations is scheduled for 4:30 pm Central Time on Thursday, February 9, 2023.
  • NGL defines EBITDA as net income (loss) attributable to NGL Energy Partners LP, plus interest expense, income tax expense (benefit), and depreciation and amortization expense.
  • Forward-looking non-GAAP financial measures provided without the most directly comparable U.S. GAAP financial measures may vary materially from the corresponding U.S. GAAP financial measures.

NGL Energy Partners LP Announces the Ambassador Pipeline Placed in Service

Retrieved on: 
Monday, August 8, 2022
Energy, Other Energy, Oil, Gas, Pipeline, Risk, NGL, NYSE, SEC, Liquid logistics, EVP, CO2, Partnership, Water, Propane, Natural gas, Audit

NGL Energy Partners LP (NYSE:NGL) (NGL, or the Partnership) announced today the completion of the Ambassador Pipeline in the state of Michigan.

Key Points: 
  • NGL Energy Partners LP (NYSE:NGL) (NGL, or the Partnership) announced today the completion of the Ambassador Pipeline in the state of Michigan.
  • The Ambassador Pipeline System consists of a 225-mile bi-directional pipeline with multiple supply and delivery points.
  • The Ambassador Pipeline connects central, northern, and western Michigan propane customers to millions of gallons of underground storage capacity in Eastern Michigan.
  • NGLs Wheeler Terminal is strategically located at the mid-point of the Pipeline and includes on-site storage of 480,000 gallons of propane.