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XNYS
NGLpB
Market cap1.90bUSD
Oct 08, Last price  
25.55USD
1D
0.00%
1Q
0.91%
IPO
2.28%
Name

NGL Energy Partners LP

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Profile

NGL Energy Partners LP is a company focused on energy and environmental services, specifically engaged in the conveyance, warehousing, mixing, and merchandising of crude oil, natural gas liquids, refined petroleum products, and renewable fuels, in addition to providing water management solutions. The enterprise is structured into three primary operational divisions: 1. Water Solutions: This segment is responsible for the collection, treatment, recycling, and disposal of water generated during oil and natural gas production, known as produced and flowback water. It also salvages and markets crude oil recovered from these processes, manages the elimination of solid wastes like tank bottoms and drilling muds, and offers cleaning services for trucks and frac tanks. Furthermore, it sells treated produced water for reuse and recycling, along with non-potable brackish water. 2. Crude Oil Logistics: This division acquires crude oil from producers and marketers, then transports it to refineries for resale. Its distribution points include pipeline injection stations, storage depots, facilities for barge and rail loading, and various other commercial hubs. The segment also offers crucial storage, terminal, and pipeline transportation services. 3. Liquids Logistics: This segment supplies natural gas liquids, refined products, and biodiesel to a diverse customer base—including commercial, retail, and industrial clients—across both the United States and Canada. Its extensive network comprises 24 company-owned terminals, numerous agreements for third-party storage and terminal access, nine common carrier pipelines, and its own fleet of leased railcars. A notable part of its operations includes the marine export of butane from its facility located in Chesapeake, Virginia. NGL Energy Holdings LLC functions as the general partner for NGL Energy Partners LP, which was founded in 1940 and maintains its corporate headquarters in Tulsa, Oklahoma.

Key people

H. Michael Krimbill
Chief Executive Officer, Director of the General Partner · since 2013
Bradley Cooper
Chief Financial Officer, Executive Vice President · since 2023
Jennifer Kingham
Executive Vice President, Chief Information Officer · since 2024
L. Ryan Collins
Senior Vice President and General Counsel and Secretary · since 2024
Lawrence Thuillier
Chief Accounting Officer of the General Partner · since 2016
Shawn Coady
Director of the General Partner · since 2018
Director of the General Partner · since 2013
Independent Director of the General Partner · since 2015
Independent Director of the General Partner · since 2020
Derek Reiners
Independent Director of the General Partner · since 2019
IPO date
May 12, 2011
Employees
638
Domiciled in
US
Incorporated in
US
Legal address
C/O THE CORPORATION TRUST COMPANY
CORPORATION TRUST CENTER
1209 ORANGE ST
WILMINGTON, DE 19801
US
Headquarters
6120 South Yale Avenue, Suite 805
Tulsa, OK 74136
US

Valuation

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