NGL Energy Partners (NGL) Reports Q3 EPS of 64c

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Go back to NGL Energy Partners (NGL) Reports Q3 EPS of 64c

NGL Energy Partners LP Announces Third Quarter Fiscal 2019 Financial Results

February 11, 2019 6:35 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 December31, 2018 of $110.5 million, compared to net income of $56.8 million for the quarter ended December31, 2017.

Highlights include:

Adjusted EBITDA for the third quarter of Fiscal 2019 was $132.6 million, compared to $122.6 million for the third quarter of Fiscal 2018; Fiscal 2019 year-to-date Adjusted EBITDA totals $308.3 million Confirms Fiscal 2019 Adjusted EBITDA guidance of $450 million Reduced indebtedness by $462.8 million since March 31, 2018 and significantly improved leverage... More