NGL Energy Partners LP (NGL.PB) company profile

NGL is a midstream energy master limited partnership operating across three primary segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. Its Water Solutions division gathers, transports, treats, recycles, and disposes of produced and flowback water from oil and gas extraction, while also marketing recovered skim oil and recycled water to exploration and production companies. The Crude Oil Logistics business purchases crude oil from producers and marketers, providing transportation, terminaling, and storage services. The Liquids Logistics division procures, stores, and transports natural gas liquids such as propane and butane to commercial, retail, industrial, petrochemical, and refining clients.

The partnership maintains extensive midstream infrastructure across key United States producing basins—notably the Delaware, Denver-Julesburg, and Eagle Ford Basins—and extends liquids logistics operations throughout the United States and Canada. Key assets include 91 water treatment and disposal facilities with 202 injection wells, the Grand Mesa Pipeline, large storage terminals in Cushing, Oklahoma and coastal marine facilities, 25 pipeline injection stations, five natural gas liquids terminals, an approximately 225-mile propane pipeline in Michigan, and a leased railcar fleet. Operations are supported by 449 employees across 14 states and Canada, while the text does not disclose the partnership's specific headquarters location.

Summary of the business section of NGL Energy Partners LP's latest annual report, written by StockData.

“Per Common Unit Total Initial price to public $ 21.000 $ 73,500,000 Underwriting discounts and commissions(1) $ 1.365 $ 4,777,500 Proceeds, before expenses, to NGL Energy Partners LP $ 19.635 $ 68,722,500 (1) Excludes a structuring fee equal to 0.5% of the gross proceeds from this offering payable to Wells Fargo Securities, LLC.”

Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.

“At March 31, 2026, we had 449 employees in 14 states and Canada.”