Stifel Upgrades NGL ENERGY (NGL) to Buy

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Go back to Stifel Upgrades NGL ENERGY (NGL) to Buy

NGL Energy Partners LP Announces First Quarter 2016 Results

August 10, 2015 7:00 AM EDT

TULSA, Okla.--(BUSINESS WIRE)-- NGL Energy Partners LP (NYSE: NGL) today reported Adjusted EBITDA of $89.0 million for the three months ended June 30, 2015 (exclusive of $0.1 million of advisory and legal costs related to acquisitions) compared to Adjusted EBITDA of $43.1 million for the three months ended June 30, 2014 (exclusive of $1.1 million of advisory and legal costs related to acquisitions and $2.7 million of compensation costs related to the Gavilon acquisition). This represents an increase of 106% year over year. NGL reported a net loss of $38.5 million for the three months ended June 30, 2015, compared to a net loss of... More