NGL Energy Partners LP Files 8-K on Operations & Financials
Ticker: NGL-PC · Form: 8-K · Filed: Jan 18, 2024 · CIK: 1504461
| Field | Detail |
|---|---|
| Company | Ngl Energy Partners LP (NGL-PC) |
| Form Type | 8-K |
| Filed Date | Jan 18, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $700 million |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-condition, operations, 8-K
TL;DR
**NGL Energy Partners LP just dropped an 8-K on its financials and operations, stay tuned for details.**
AI Summary
NGL Energy Partners LP filed an 8-K on January 17, 2024, to report on its results of operations and financial condition, along with other events. This filing indicates that the company is providing an update on its financial status and potentially other significant business developments. For investors, this matters because it offers a current snapshot of the company's health and any new information that could impact its future performance and stock value.
Why It Matters
This filing provides investors with the latest official information on NGL Energy Partners LP's financial health and any recent significant events, which is crucial for making informed investment decisions.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial and operational updates, not indicating any immediate high-risk events.
Analyst Insight
A smart investor would review the full 8-K filing once available to understand the specific details of the 'Results of Operations and Financial Condition' and 'Other Events' to assess any potential impact on NGL Energy Partners LP's stock.
Key Players & Entities
- NGL Energy Partners LP (company) — the registrant filing the 8-K
- January 17, 2024 (date) — date of earliest event reported
- Delaware (company) — state of incorporation for NGL Energy Partners LP
- 001-35172 (company) — Commission File Number for NGL Energy Partners LP
- 27-3427920 (company) — I.R.S. Employer Identification No. for NGL Energy Partners LP
- 6120 South Yale Avenue Suite 1300 Tulsa, Oklahoma 74136 (company) — address of principal executive offices for NGL Energy Partners LP
- 918-481-1119 (company) — telephone number for NGL Energy Partners LP
FAQ
What is the purpose of NGL Energy Partners LP's 8-K filing on January 17, 2024?
The 8-K filing by NGL Energy Partners LP on January 17, 2024, is to report on 'Results of Operations and Financial Condition' and 'Other Events,' as indicated by the ITEM INFORMATION sections.
What is the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 17, 2024, as stated in the 'Date of Report (Date of earliest event reported): January 17, 2024' section.
Where are NGL Energy Partners LP's principal executive offices located?
NGL Energy Partners LP's principal executive offices are located at 6120 South Yale Avenue, Suite 1300, Tulsa, Oklahoma 74136.
What is the Commission File Number for NGL Energy Partners LP?
The Commission File Number for NGL Energy Partners LP is 001-35172, as specified in the filing.
Under which sections of the Securities Exchange Act of 1934 is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 644 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-01-17 17:52:03
Key Financial Figures
- $700 million — unced that it had launched a seven-year $700 million senior secured term loan facility. A co
Filing Documents
- ngl-20240117.htm (8-K) — 33KB
- exhibit991pressreleasedate.htm (EX-99.1) — 14KB
- 0001504461-24-000002.txt ( ) — 235KB
- ngl-20240117.xsd (EX-101.SCH) — 3KB
- ngl-20240117_def.xml (EX-101.DEF) — 18KB
- ngl-20240117_lab.xml (EX-101.LAB) — 34KB
- ngl-20240117_pre.xml (EX-101.PRE) — 18KB
- ngl-20240117_htm.xml (XML) — 5KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On January 17, 2024, NGL Energy Partners LP ("Partnership") provided estimates of certain preliminary results of operations for the fiscal third quarter ended December 31, 2023. A copy of the press release containing these estimates is attached hereto as Exhibit 99.1, and the information contained in the press release under the heading "Preliminary Third Quarter Results" is incorporated in this Item 2.02 by reference. The information in Item 2.02 of this Current Report on Form 8-K, including the information contained under the heading "Preliminary Third Quarter Results" in Exhibit 99.1 attached hereto, is being "furnished" pursuant to Item 2.02 and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any Partnership filing, whether made before or after the date hereof, regardless of any general incorporated language in such filing.
01. Other Events
Item 8.01. Other Events. On January 17, 2024, Partnership announced that it had launched a seven-year $700 million senior secured term loan facility. A copy of the press release making this announcement is attached hereto as Exhibit 99.1 and the information contained in the press release under the heading "New Term Loan Facility" is incorporated in this Item 8.01 by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Pre ss Release, dated January 17, 202 4 . 101 Cover Page formatted as Inline XBRL. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NGL Energy Partners LP By: NGL Energy Holdings LLC, its general partner Date: January 17, 2024 By: /s/ Bradley P. Cooper Bradley P. Cooper Chief Financial Officer