NGL ENERGY (NGL) PT Lowered to $17 at RBC Capital
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NGL Energy Partners LP Announces Third Quarter Fiscal 2018 Financial Results
February 9, 2018 8:53 AM ESTTULSA, Okla.--(BUSINESS WIRE)-- NGL Energy Partners LP (NYSE: NGL) (NGL, our, or the Partnership) today reported net income for the quarter ended December 31, 2017, of $56.8 million, including the gain on the sale of our 50% interest in Glass Mountain Pipeline, LLC, which totaled $108.6 million, compared to net income of $1.3 million for the quarter ended December 31, 2016.
Highlights for the quarter include:
Adjusted EBITDA for the third quarter of Fiscal 2018 was $122.6 million, compared to $120.7 million for the third quarter of Fiscal 2017 Completion of the sale of the Partnerships 50%... More