TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE: NGL) (“NGL”) through its wholly owned subsidiaries NGL Energy Operating LLC and NGL Energy Finance Corp., closed $2.9 billion of refinancing transactions, consisting of their previously announced $2.2 billion senior secured notes offering of $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, and a seven-year $700.0 million senior ...

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE: NGL) announced today that it plans to issue its fiscal third quarter ended December 31, 2023 earnings press release post-market close on Thursday, February 8, 2024. Members of NGL’s management team intend to host an earnings call following this release on Thursday, February 8, 2024 at 4:00 pm CT to discuss its financial results. Analysts, investors, and other interested parties may join the webcast via the event link: https://www.webcaster4.com/We ...

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE: NGL) (“NGL”), through its wholly owned subsidiaries NGL Energy Operating LLC and NGL Energy Finance Corp., today announced the upsizing of their senior secured notes offering from $2.1 billion to $2.2 billion and have priced $900 million in aggregate principal amount of 8.125% senior secured notes due 2029 (the “2029 Notes”) and $1.3 billion in aggregate principal amount of 8.375% senior secured notes due 2032 (the “2032 Notes” and, together with ...

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE: NGL) (“NGL”), through its wholly owned subsidiaries NGL Energy Operating LLC and NGL Energy Finance Corp., today announced that they intend to offer, subject to market and other conditions, $2.1 billion in aggregate principal amount of senior secured notes due 2029 and senior secured notes due 2032 (together, the “Notes”). NGL expects to use the net proceeds of the offering, together with the borrowings under a new seven-year $700.0 million senior ...

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE:NGL) (“NGL,” or the “Partnership”) announced today that NGL Water Solutions is commencing expansion of its Lea County Express Pipeline System from a capacity of 140,000 barrels of water per day to 340,000 barrels per day in 2024 (LEX II Expansion). The addition of a second large-diameter pipeline, disposal wells, and facilities will greatly expand the capabilities of NGL’s existing produced water super-system and create a significantly larger outle ...

融资计划 - NGL Energy Partners LP（NYSE：NGL）计划发行新的七年期7亿美元的优先担保长期贷款设施[2] - NGL Energy Operating将利用该贷款设施的净收益和额外融资收益，用于偿还现有债务，支付相关费用，并用于一般公司用途[2] 财务信息 - NGL提供了截至2023年12月31日的第三季度初步财务信息的估计，包括合并调整后的EBITDA和资产负债表上某些债务的本金余额[3][4]

财务数据和关键指标变化 - 第二季度调整后EBITDA为1.762亿美元,同比增长23.9% [5][6] - 水务业务调整后EBITDA为1.404亿美元,同比增长约34% [17] - 水务业务全年调整后EBITDA指引从4.85亿美元上调至5亿美元以上 [6] - 公司全年调整后EBITDA指引维持在6.45亿美元以上 [8] - 过去12个月公司减少约6.8亿美元绝对债务,杠杆率从6.11下降至4.14 [10] 各条业务线数据和关键指标变化 水务业务 - 第二季度处理产出水244万桶/日,同比增长7.7% [17] - 全年预计处理水量将超过10亿桶 [6] - 单桶处理成本保持行业领先水平,为0.24美元/桶 [19] 液体物流业务 - 丁烷和丙烷业务表现良好,进入供暖季后将为该分部贡献调整后EBITDA [15] - 精炼产品业务表现符合预期,受益于新的供应和客户合同 [14] 原油物流业务 - 第二季度Grand Mesa管线日均吞吐量为7万桶,同比下降 [16] - 原油价格下降导致某些生产商的合同费率下降,以及合同差价下降 [16] - 公司对DJ盆地未来12-24个月的增长持乐观态度 [7] 公司战略和发展方向及行业竞争 - 公司战略未变,即实现并超越EBITDA指引,利用自由现金流和非核心资产出售所得偿还债务,降低杠杆 [21][22][23] - 公司计划通过增加资产出售(从25亿美元增至10亿美元)为增长资本支出提供资金 [9] - 公司预计将在2024年3月31日前偿还2025年到期的无担保票据 [11][12] 管理层对经营环境和未来前景的评论 - 水务业务第三季度EBITDA可能介于第一和第二季度之间,第四季度有望大幅增长 [21] - 液体物流业务进入供暖季后将有较好表现 [15] - 原油物流业务对DJ盆地未来12-24个月的增长持乐观态度 [7][16] - 公司不会在本财年支付累积的股息或恢复派息 [23] 问答环节重要的提问和回答 问题1 **Jason Mendell 提问** 未来几个季度水务业务EBITDA改善是否主要来自于业务量还是毛利率 [30][33] **Douglas White 回答** 第二季度毛利率大幅提升是主要原因,预计第三季度毛利率将保持稳定,第四季度随着完井活动增加将进一步提升 [34]

Investor Presentation NGL - Company Overview Bakken Shale Marcellus Shale Green River Basin DJ Basin Jonah Field Niobrara Shale Watttenberg Field Mississippi Lime Granite Wash Permian Basin Eagle Ford Water Solutions Crude Oil Logistics Liquids Logistics ▪Provides water transportation, treating, ▪Purchases crude oil from producers and ▪Supplier of NGL’s, refined products and recycling and handling services for marketers for sale at multiple refineries biodiesel to a broad range of end-users upstream custome ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-35172 NGL Energy Partners LP (Exact Name of Registrant as Specified in Its Charter) Delaware 27-34279 ...

财务数据和关键指标变化 - 公司全年调整后EBITDA指引维持在6.45亿美元以上 [7] - 公司计划减少资本支出,从75亿美元降至65亿美元,节省1亿美元 [24] - 公司将非核心资产出售目标从5亿美元增加至7.5亿美元,增加自由现金流 [22][23] - 公司总杠杆率从上季度末的4.6倍降至4.4倍 [8][9] 各条业务线数据和关键指标变化 - 水务业务调整后EBITDA同比增长17%至1.232亿美元,处于创纪录水平 [15] - 水务业务日均处理产出水2.46万桶,同比增长14% [15] - 水务业务平均处理费用上升10%至0.64美元/桶 [16] - 原油物流业务调整后EBITDA为2,380万美元,受原油价格下降和重质原油需求下降影响 [14] 各个市场数据和关键指标变化 - 公司水务业务在德拉瓦州的处理量出现300,000-400,000桶/日的波动,反映了当地再循环利用的增加 [32][33] - 公司预计9月将是全年最高处理量月份 [33] 公司战略和发展方向及行业竞争 - 公司将全部自由现金流用于偿还债务,目标是在2024财年第一半完成2025年到期无担保票据的偿还和2026年到期有担保债券的再融资 [25][26] - 公司暂不考虑支付优先股股息 [26] - 行业内可能出现进一步整合,但公司目前的股价水平不利于进行并购 [43][44] 管理层对经营环境和未来前景的评论 - 公司水务业务有望创下新的年度EBITDA纪录 [20] - 公司液体物流业务受季节性影响较大,下半年表现预计会更好 [10][11][12] - 公司对未来12个月内实现4倍以下杠杆率并进行全球再融资充满信心 [9] 其他重要信息 - 公司在第一季度提前赎回了9,930万美元的2025年到期无担保票据 [8] - 公司在第一季度出售了2,200万美元的非核心资产,第二季度又出售了2,500万美元,共计4,700万美元 [22][23] - 公司ABL额度为6亿美元,截至6月30日有1.8亿美元的使用余额,流动性充足 [9] 问答环节重要的提问和回答 问题1 **Sunil Sibal 提问** 询问水务业务的季度趋势,特别是与上一季度相比的变化 [28] **Douglas White 回答** 第一季度水务业务EBITDA下降主要是由于上一季度有1,200万美元的最低承诺量补偿收入,而本季度没有 [30][31] 问题2 **Sunil Sibal 提问** 询问公司在德拉瓦州的业务活动情况和预期 [32] **Michael Krimbill 回答** 公司预计第二季度将是全年最高处理量季度,9月将是最高月份,尽管短期内存在一些再循环利用的波动 [33] 问题3 **Unidentified Analyst 提问** 询问何时开始支付优先股股息 [40] **Brad Cooper 回答** 公司目前将重点放在再融资上,在完成再融资后再考虑优先股股息的支付问题,可能会先偿还累积股息 [41][42]