NGL Energy Partners (NGL) Reports Q1 Revenues Above Consensus

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NGL Energy Partners LP Announces First Quarter Fiscal 2019 Financial Results

August 7, 2018 6:30 AM EDT

TULSA, Okla.--(BUSINESS WIRE)-- NGL Energy Partners LP (NYSE: NGL) (NGL, our, we, or the Partnership) today reported a net loss for the quarter ended June 30, 2018 of $169.3 million, compared to a net loss of $63.7 million for the quarter ended June 30, 2017. The net loss for the current quarter includes a loss on the disposal and impairment of assets of $101.3 million and expenses related to the accrual for the settlement of litigation of $35.0 million.

Highlights for the quarter include:

Adjusted EBITDA for the first quarter of Fiscal 2019 was $80.3 million, compared to $38.9... More