NGL Energy Partners LP Announces Closings of Retail Propane Sale and Sawtooth Joint Venture and Provides Update on Debt Reduction
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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US:NYSE Investor Relations:
nglenergypartners.com/investor-relations
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Source: Business Wire
TULSA, Okla.--(BUSINESS WIRE)-- NGL Energy Partners LP (NYSE:NGL) (“Partnership”) today announced that it has closed the previously announced transaction to sell a portion of its Retail Propane business to DCC LPG for $200 million in cash, adjusted for working capital. NGL announced this transaction in November 2017, closed the transaction on March 30, 2018 and retained all profits from this business through March 31, 2018. Additionally, the Partnership also closed the Sawtooth natural gas liquids and refined products joint venture with Magnum Liquids, LLC, a portfolio company of Haddington Ventures LLC, along with Magnum Development, LLC and other Haddington-sponsored investment entities (collectively “Magnum”) on March 30, 2018. Magnum acquired an approximately 28.5% interest in Sawtooth from NGL, in exchange for consideration consisting of a cash payment of approximately $37.6 million (excluding worki
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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