{"id":846244,"date":"2025-05-05T06:33:00","date_gmt":"2025-05-05T10:33:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ngl-energy-partners-lp-announces-recent-asset-sales-and-other-cash-proceeds-totaling-approximately-270-million\/"},"modified":"2025-05-05T06:33:00","modified_gmt":"2025-05-05T10:33:00","slug":"ngl-energy-partners-lp-announces-recent-asset-sales-and-other-cash-proceeds-totaling-approximately-270-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ngl-energy-partners-lp-announces-recent-asset-sales-and-other-cash-proceeds-totaling-approximately-270-million\/","title":{"rendered":"NGL Energy Partners LP Announces Recent Asset Sales and Other Cash Proceeds Totaling Approximately $270 Million"},"content":{"rendered":"

<\/p>\n

NGL Energy Partners LP Announces Recent Asset Sales and Other Cash Proceeds Totaling Approximately $270 Million<\/b><\/p>\n

TULSA, Okla.–(BUSINESS WIRE<\/a>)–
\nNGL Energy Partners LP (NYSE:NGL) (\u201cNGL,\u201d or the \u201cPartnership\u201d) announces the closing of multiple asset sales, including the previously announced sale of 17 of its natural gas liquids terminals and the Green Bay terminal. In addition, NGL closed on the sale of its Rack Marketing refined products business, its Limestone Ranch ownership, and our remaining crude rail car fleet and other miscellaneous proceeds. These non-core asset sales allow NGL to focus on its core assets in the portfolio and redirect the capital to improving the capital structure.\n<\/p>\n

\n\u201cThese asset sales reduce the volatility and seasonality of our Adjusted EBITDA and working capital requirements. The proceeds will be used to pay off the remaining ABL balance and the excess cash will be used for additional deleveraging and addressing other parts of our capital structure,\u201d commented Mike Krimbill, CEO of NGL.\n<\/p>\n

Forward-Looking Statements<\/i><\/b><\/p>\n

\nCertain matters contained in this press release include \u201cforward-looking statements.\u201d All statements, other than statements of historical fact, included in this press release may constitute forwarding-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include, but are not limited to, the risk factors discussed from time to time in each of our documents and reports filed with the SEC.\n<\/p>\n

\nReaders are cautioned not to place undue reliance on any forward-looking statements contained in this press release, which reflect management\u2019s opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements.\n<\/p>\n

About NGL Energy Partners LP<\/b><\/p>\n

\nNGL Energy Partners LP, a Delaware limited partnership, operates the largest integrated network of large diameter wastewater pipelines, disposal wells and produced water handling systems in the Delaware Basin. NGL also operates wastewater disposal in the Eagle Ford and DJ Basins. In addition, NGL markets and provides other logistics services for crude oil, through its ownership of the Grand Mesa Pipeline System, Cushing terminal and other Gulf Coast terminals.\n<\/p>\n

\nFor further information, visit the Partnership\u2019s website at www.nglenergypartners.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250502733550\/en\/<\/a><\/span><\/p>\n

Investor Contact:
\n<\/b>
NGL Energy Partners LP
\n
David Sullivan, 918-495-4631
\n
Vice President – Finance
\n
David.Sullivan@nglep.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Oklahoma<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Energy Transport Logistics\/Supply Chain Management Oil\/Gas Energy Other Transport<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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NGL Energy Partners LP Announces Recent Asset Sales and Other Cash Proceeds Totaling Approximately $270 Million TULSA, Okla.–(BUSINESS WIRE)– NGL Energy Partners LP (NYSE:NGL) (\u201cNGL,\u201d or the \u201cPartnership\u201d) announces the closing of multiple asset sales, including the previously announced sale of 17 of its natural gas liquids terminals and the Green Bay terminal. In addition, NGL closed on the sale of its Rack Marketing refined products business, its Limestone Ranch ownership, and our remaining crude rail car fleet and other miscellaneous proceeds. These non-core asset sales allow NGL to focus on its core assets in the portfolio and redirect the capital to improving the capital structure. \u201cThese asset sales reduce the volatility and seasonality of our Adjusted EBITDA and working … <\/p>\n

Continue reading “NGL Energy Partners LP Announces Recent Asset Sales and Other Cash Proceeds Totaling Approximately $270 Million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-846244","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNGL Energy Partners LP Announces Recent Asset Sales and Other Cash Proceeds Totaling Approximately $270 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ngl-energy-partners-lp-announces-recent-asset-sales-and-other-cash-proceeds-totaling-approximately-270-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NGL Energy Partners LP Announces Recent Asset Sales and Other Cash Proceeds Totaling Approximately $270 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NGL Energy Partners LP Announces Recent Asset Sales and Other Cash Proceeds Totaling Approximately $270 Million TULSA, Okla.–(BUSINESS WIRE)– NGL Energy Partners LP (NYSE:NGL) (\u201cNGL,\u201d or the \u201cPartnership\u201d) announces the closing of multiple asset sales, including the previously announced sale of 17 of its natural gas liquids terminals and the Green Bay terminal. 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