|Bid||9.70 x 800|
|Ask||9.71 x 800|
|Day's Range||9.54 - 10.08|
|52 Week Range||9.14 - 17.65|
|Beta (3Y Monthly)||1.63|
|PE Ratio (TTM)||4.28|
|Earnings Date||Feb 7, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||1.56 (15.29%)|
|1y Target Est||14.25|
NGL Energy Partners LP announced today that the Board of Directors of its general partner declared a distribution for the quarter ending December 31, 2018 to be paid to the holders of the Partnership’s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units in accordance with the terms outlined in NGL’s partnership agreement.
Recently, NGL Energy Partners (NGL) stock has been notably weak. The stock has lost ~20% in the last two months. Analysts have given NGL Energy Partners a median target price of $14.25, which indicates a potential upside more than 45% for the next 12 months.
On November 30–December 7, Gulfport Energy (GPOR) gained the most on our list of upstream energy stocks. However, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 3.9%—the third–largest decline among the major energy subsector ETFs that we discussed in the previous part.
NEW YORK, Dec. 10, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
NGL Energy Partners LP today announced that it will attend the Wells Fargo 17th Annual Midstream and Utility Symposium in New York, New York on December 5 and 6, 2018.
NGL Energy Partners LP (NGL) (“NGL”) today announced that it has closed the previously announced transaction to sell NGL Water Solutions Bakken, LLC, to an affiliate of Tallgrass Energy, LP (TGE) for $91 million in cash proceeds. NGL plans to immediately repay indebtedness using the net proceeds from the sale. Certain matters contained in this Press Release include "forward-looking statements." All statements, other than statements of historical fact, included in this Press Release may constitute forward-looking statements.
NGL Energy Partners LP today announced that it will attend the 2018 RBC Capital Markets Midstream Conference in Dallas, Texas on November 13 and 14, 2018. Members of NGL’s management team will be participating in a series of one-on-one meetings with members of the investment community at the conference.
NGL Energy Partners LP (NGL) (“NGL”, “we”, “our”, or the “Partnership”) today announced that it has entered into a definitive agreement to sell NGL Water Solutions Bakken, LLC to an affiliate of Tallgrass Energy, LP (TGE) for $91.0 million in cash proceeds. Proceeds from this transaction will be used to further reduce Partnership indebtedness. The Partnership has made the strategic decision to exit the Bakken saltwater disposal business where it does not have a dominant position and focus on other shale plays primarily in the Permian Basin.
NGL Energy Partners LP today reported net income for the quarter ended September 30, 2018 of $354.9 million, compared to a net loss of $173.6 million for the quarter ended September 30, 2017.
Williams Companies (WMB) rose 5.2% last week. Strong third-quarter performance drove the stock up. The company reported 7% year-over-year growth in adjusted EBITDA, beating consensus estimates for the quarter. Global Partners (GLP) rose 9.4% and PBF Logistics (PBFX) rose 4.9% for the week. Golar LNG Partners (GMLP) and Teekay LNG Partners (TGP) rose 3.7% and 3.6%, respectively.
NEW YORK, Oct. 31, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Last week, EnLink Midstream (ENLC) announced an agreement to acquire EnLink Midstream Partners (ENLK). The transaction, which is expected to close in the first quarter of 2019, would eliminate ENLC’s IDRs in ENLK.
NGL Energy Partners LP plans to issue its fiscal second quarter ended September 30, 2018 earnings press release pre-market open on Thursday, November 8, 2018. Members of NGL’s management team intends to host an earnings call following this release on Thursday, November 8, 2018 at 10:00 am CST to discuss its financial results.
NGL Energy Partners LP (NGL) announced today that the Board of Directors of its general partner has declared a quarterly distribution of $0.39 per unit, or $1.56 per unit on an annualized basis, for the quarter ended September 30, 2018. This cash distribution is payable on November 14, 2018 to common unitholders of record at the close of business on November 8, 2018. Additionally, the Board of Directors declared a distribution for the quarter ended September 30, 2018 to be paid to the holders of the Class A Preferred Units according to the terms outlined in the Partnership Agreement.
On October 9, Antero Midstream Partners (AM) and Antero Midstream GP (AMGP) announced a simplification transaction. Antero Midstream GP will acquire all of the outstanding units of Antero Midstream Partners. As part of the transaction, Antero Midstream GP will convert into a C corporation and be renamed as “Antero Midstream Corporation.” Antero Midstream Partners and Antero Midstream GP stocks rose after the announcement. To learn more, read Antero Midstream to Buy Antero Midstream Partners.
In the week ending October 5, the MLPs that fell the most were a diverse mix. Royalty interest owner Dorchester Minerals (DMLP), midstream MLP NGL Energy Partners (NGL), downstream player CVR Refining (CVRR), and frac sand company Hi-Crush Partners (HCLP) were among the top losses last week. Other MLPs that fell last week included Calumet Specialty Products Partners (CLMT) and Suburban Propane Partners (SPH).
NEW YORK, Oct. 02, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
As previously disclosed, on July 19, 2018, NGL Energy Partners LP (NGL) (“NGL”, “our”, “we” or the “Partnership”) and the U.S. Environmental Protection Agency (“EPA”) reached an agreement in principle regarding the settlement of a lawsuit brought by the EPA against one of NGL’s subsidiaries, NGL Crude Logistics, LLC (“NGL Crude”) and another company, Western Dubuque Biodiesel, LLC (“WDB”). Today, NGL announces that it has finalized the settlement, memorialized in a Consent Decree, which remains subject to final approval by the Court. NGL believes that the terms of the settlement protect NGL’s business interests, and once approved, the Consent Decree will end more than four years of investigation and litigation regarding the conduct of NGL Crude’s predecessor, Gavilon, LLC (“Gavilon”).
NGL Energy Partners LP today announced that it has called for redemption all $367,048,000 aggregate outstanding principal amount of its 6.875% Senior Notes due 2021.
If you own shares in NGL Energy Partners LP (NYSE:NGL) then it’s worth thinking about how it contributes to the volatility of your portfolio, overall. In finance, Beta is aRead More...
DALLAS , Sept. 14, 2018 /PRNewswire/ -- Swank Capital, LLC, and Cushing ® Asset Management, LP, announce today the upcoming rebalancing of The Cushing ® MLP Market Cap Index (the "Index") as ...
NGL Energy Partners LP announced today that the Board of Directors of its general partner declared a distribution for the quarter ending September 30, 2018 to be paid to the holders of the Partnership’s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units in accordance with the terms outlined in NGL’s partnership agreement.
TULSA, Okla., Sept. 10, 2018 /PRNewswire/ -- NGL Energy Partners LP (NGL) ("NGL," "our," or the "Partnership") announced today that it has executed the latest phase of its Delaware Basin water infrastructure strategy. NGL completed the purchase of the approximately 36,000-acre Beckham Ranch on August 31, 2018. The Beckham Ranch sits atop the Carlsbad, Capitan, and Jal Water Basins located in southeastern Lea County, New Mexico and includes approximately 9.6 million barrels of annual fresh water rights. In July 2018, the Partnership acquired the McCloy Ranch, located in Eddy and Lea Counties, New Mexico, consisting of approximately 87,000 acres of land and an associated 2 million barrels of annual water rights in the core of the Delaware Basin in southern New Mexico.