NGL Energy Partners (NGL) Reports Q4 Loss of $1.89, Revenues Miss

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NGL Energy Partners LP Announces Fourth Quarter and Record Full Year Fiscal 2020 Financial Results

June 1, 2020 4:55 PM EDT

TULSA, Okla.--(BUSINESS WIRE)-- NGL Energy Partners LP (NYSE: NGL) (NGL, our, we, or the Partnership) today reported its fourth quarter and full year fiscal 2020 results.

Our fourth quarter and record Fiscal 2020 earnings came in at the high-end of our guidance range, despite the significant downturn in the crude oil environment and the economy, stated Mike Krimbill, NGLs CEO. Our Crude Oil and Liquids businesses continued to outperform expectations. We completed our sales of certain Refined Products businesses, significantly reducing both volatility in earnings and working capital debt balances, and we successfully executed on... More