NGL Energy Partners (NGL) Reports Q2 Loss of $0.63, Revenues Beat

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NGL Energy Partners LP Announces Second Quarter Fiscal 2019 Financial Results

November 8, 2018 6:30 AM EST

TULSA, Okla.--(BUSINESS WIRE)-- NGL Energy Partners LP (NYSE: NGL) (NGL, our, we, or the Partnership) today reported net income for the quarter ended September30, 2018 of $354.9 million, compared to a net loss of $173.6 million for the quarter ended September30, 2017. Net income for the current quarter includes a gain of $408.6 million on the sale of virtually all of our remaining Retail Propane segment.

Highlights include:

Adjusted EBITDA for the second quarter of Fiscal 2019 was $95.4 million, compared to $90.8 million for the second quarter of Fiscal 2018, an increase of 5.1%... More