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 June 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 27-3427920 (S ...

NGL Energy Partners LP (NYSE:NGL) Q4 2023 Earnings Conference Call May 31, 2023 5:30 PM ET Company Participants Brad Cooper - EVP & CFO Michael Krimbill - President, CEO, & Director Douglas White - EVP, NGL Water Solutions Conference Call Participants Patrick Fitzgerald - Robert W. Baird & Co. Tarek Hamid - JPMorgan Chase & Co. Jason Mandel - RBC Capital Markets Sunil Sibal - Seaport Research Partners Ned Baramov - Wells Fargo Securities Gregg Brody - Bank of America Merrill Lynch Operator Greetings. Welcom ...

公司战略举措 - 公司通过一系列战略举措，致力于利用核心竞争优势领域，专注于产生稳定、增长和可预测的现金流，同时改善信用状况[10] - 公司于2021年2月完成了20.5亿美元的7.5%到2026年到期的优先担保票据的私人发行和新的信贷协议[11] - 公司通过债务再融资协议暂停了2020年12月31日开始的季度普通单位分配和2021年3月31日开始的所有优先单位分配[12] 业务目标和运营 - 公司的主要业务目标是最大化业务的盈利能力和稳定性，以及保持强劲的资产负债表[15] - 公司专注于建设多元化的中游主要有限合伙制，为客户提供多种服务[16] - 公司致力于以安全和环保的方式运营业务，以减少环境影响并遵守当地、州和联邦的环境法律和法规[17] - 公司专注于从多年合同中获得稳定的年度现金流，以减少商品价格风险并产生基于费用的收入[18] - 公司通过利用现有资产、投资新资产、客户和企业，实现增长并产生有吸引力的回报率[20] - 公司相信自己拥有强大的竞争优势，包括水处理设施、原油运输和储存资产、天然气液体运输、终端和储存资产以及多元化运营[21] - 公司拥有经验丰富的管理团队，具有广泛的中游行业经验和成功运营和增长业务的记录[26] 石油物流部门 - 石油物流部门的主要资产是Grand Mesa Pipeline，运输原油从科罗拉多州到俄克拉荷马州库欣的终点[31] - 我们拥有27个战略位置的管道注入站，分布在德克萨斯州、新墨西哥州、俄克拉荷马州和堪萨斯州[33] - 在2023年度，我们的石油物流部门85%的收入来自于前十大客户[34] - 大部分原油采购或销售合同的价格是根据库欣、圣詹姆斯和休斯顿等活跃市场的发布价格指数浮动的[35] 液体物流部门 - 我们在美国和加拿大拥有25个终端设施，总共存储容量超过3.5亿加仑[39] - 我们拥有Ambassador Pipeline，一条长约225英里的丙烷管道，连接密歇根州卡尔卡斯卡县和圣克莱尔县[40] - 美国总存储空间为126,173,292加仑，加拿大总存储空间为12,437,292加仑[41] - 液体物流部门服务于约1,300个客户，其中23%的收入来自前十大客户[41] - 我们的批发液体业务主要是季节性的，主要用户在秋冬采购丙烷作为取暖燃料[41] - 我们的液体物流部门面临来自其他天然气液体批发商和交易公司的激烈竞争[42] 定价策略和风险管理 - 我们的定价政策包括客户预购、市场定价和装载套餐等不同合同类型[44] - 我们使用背靠背合同来限制商品价格风险，保护利润[45] 法规和环境影响 - 政府的法规和激励措施对乙醇和生物柴油的需求产生影响[46] - 我们的运营受到环境保护法规的监管，我们努力使业务更具可持续性[55] - 环境法规对公司的运营和废物处理提出了严格的要求[57] - 美国国会考虑通过立法来应对气候变化，包括碳税和碳排放交易计划[59] - 美国环保局已经发布了关于温室气体排放对公共健康和环境的危害的结论，并实施了相应的限制排放的法规[60] - 公司在运输液化石油气、原油和水方面受到联邦法规的监管，包括对危险品的安全和运输的规定[61] - 管道安全法案要求在建设和运营管道时考虑环境因素，并对高风险区域的管道进行强制检查[62] 公司信息披露 - 我们的网站地址是www.nglenergypartners.com，我们在网站上免费提供我们向证券交易委员会（SEC）提交或提供的定期报告，以及这些报告的所有修订版本[65] 财务信息 - 我们的库存包括原油、天然气液体、柴油、乙醇和生物柴油，库存价值按成本或净可变现价值较低值计量，成本使用加权平均成本或先进先出（FIFO）方法确定，包括运输和存储成本[270] - 我们记录所有衍生金融工具合同在我们的合并资产负债表中的公允价值，除了预期会导致实物交付的正常购买和正常销售交易。公允价值的变化记录在我们的合并利润表中的收入（销售合同）或销售成本（购买合同）中[264]

NGL Energy Partners LP (NYSE:NGL) Q3 2023 Earnings Conference Call February 9, 2023 5:30 PM ET Company Participants Brad Cooper - EVP and CFO Mike Krimbill - CEO Kurston McMurray - General Counsel Doug White - EVP, Water Solutions Jeff Pinter - EVP, Liquids Logistics Don Robinson - EVP, Crude Oil Logistics Conference Call Participants Patrick Fitzgerald - Baird Tarek Hamid - JPMorgan Gregg Brody - Bank of America Ned Baramov - Wells Fargo Jason Mandel - RBC Operator Greetings. Welcome to the NGL Energy Part ...

NGL Energy Partners LP (NYSE:NGL) Q2 2023 Results Conference Call November 9, 2022 5:00 PM ET Company Participants Linda Bridges - CFO Mike Krimbill - CEO Conference Call Participants Operator Good day, ladies and gentlemen, and welcome to the NGL Energy Partners LP 2Q '23 Earnings Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, Linda Bridges, CFO at NGL Energy Partners. Ma'am, the floor is yours. Linda Bridges Hi, and welcome to NGL's second quarter fiscal 2023 earn ...

2022 Wells Fargo Leveraged Finance Conference September 2022 Company Overview1 Water Solutions Crude Oil Logistics Liquids Logistics Provides water transportation, treating, recycling and handling services for upstream customers Largest integrated water solutions network of injection wells and large diameter pipe in the Delaware Basin Predictable cash flows supported by longterm fixed fee contracts, acreage dedications and minimum volume commitments Purchases crude oil from producers and marketers for sale ...

NGL Energy Partners LP (NYSE:NGL) Q1 2023 Earnings Conference Call August 9, 2022 5:00 PM ET Company Participants Linda Bridges - EVP and CFO Mike Krimbill - CEO Conference Call Participants James Spicer - TD Securities Operator Good afternoon, ladies and gentlemen, and welcome to the NGL Energy Partners LP First Quarter 2023 Earnings Call. [Operator Instructions] After comments from Michael Krimbill and Linda Bridges, we will open the Q&A to sell-side analysts after the presentation. It is now my pleasure ...

NGL Energy Partners LP (NYSE:NGL) Q4 2022 Earnings Conference Call June 6, 2022 5:00 PM ET Company Participants Linda Bridges - Executive Vice President & Chief Financial Officer Mike Krimbill - Chief Executive Officer, President & Director Jeff Pinter - Executive Vice President, Liquids Logistics Doug White - Executive Vice President-Water Solutions Conference Call Participants Tarek Hamid - JPMorgan Jason Mandel - RBC Capital Markets Robert Kane - Kane LLC John Horton - BMR James Yoon - Nomura Edward Camp ...

Investor Presentation June 2022 Company Overview Water Solutions Crude Oil Logistics Liquids Logistics ▪ Provides water transportation, treating, recycling and handling services for upstream customers ▪ Largest integrated water solutions network of injection wells and large diameter pipe in the Delaware Basin ▪ Predictable cash flows supported by longterm fixed fee contracts, acreage dedications and minimum volume commitments ▪ Purchases crude oil from producers and marketers for sale at multiple refineries ...

NGL Energy Partners LP (NYSE:NGL) Q3 2022 Earnings Conference Call February 9, 2022 5:00 PM ET Company Participants Linda Bridges - Executive Vice President & Chief Financial Officer Mike Krimbill - Chief Executive Officer, President & Director Doug White - Executive Vice President-Water Solutions Jeff Pinter - Executive Vice President, Liquids Logistics Conference Call Participants Tarek Hamid - JPMorgan TJ Schultz - RBC Capital Markets Patrick Fitzgerald - Robert W. Baird Philipp Duffner - Aurelius Operat ...