NGL Energy Partners LP Announces Agreement to Sell its 50% Interest in Glass Mountain Pipeline, LLC to an Affiliate of BlackRock Inc.’s Global Energy and Power Infrastructure Fund for $300...
NGL ENERGY PARTNERS LP Common Units representing Limited Partner Interests (NGL)
Last ngl energy partners lp common units representing limited partner interests earnings: 2/6 06:30 am
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nglenergypartners.com/investor-relations
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Source: Business Wire
TULSA, Okla.--(BUSINESS WIRE)-- NGL Energy Partners LP (NYSE: NGL) (the “Partnership” or “NGL”) announced today that it has entered into a definitive agreement with an affiliate of BlackRock Inc.’s Global Energy and Power Infrastructure Fund (“GEPIF”) in partnership with Navigator Energy Services to sell its 50% interest in Glass Mountain Pipeline, LLC (“Glass Mountain” or “GMP”) for total consideration of $300 million. The sale is expected to close prior to December 31, 2017, subject to the receipt of certain governmental approvals and the satisfaction of other customary closing conditions. “This transaction is another significant accomplishment that continues the deleveraging of our balance sheet and improving our credit profile. The successful completion of this immediately accretive transaction, combined with our recently announced Retail Propane sale, will have a transformative effect on our financi
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NGL
Earnings
- 2/8/24 - Beat
NGL
Sec Filings
- 2/14/24 - Form 4
- 2/12/24 - Form SC
- 2/8/24 - Form 10-Q
- NGL's page on the SEC website