NGL Energy Partners Confirms NYSE Listing for Common & Preferred Units
Ticker: NGL-PC · Form: 8-K · Filed: Jan 25, 2024 · CIK: 1504461
| Field | Detail |
|---|---|
| Company | Ngl Energy Partners LP (NGL-PC) |
| Form Type | 8-K |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $900 million, $1.3 billion |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, exchange-listing, corporate-governance
Related Tickers: NGL
TL;DR
**NGL Energy Partners just confirmed its common and preferred units are still listed on the NYSE.**
AI Summary
NGL Energy Partners LP filed an 8-K on January 25, 2024, to update its registered securities. The filing confirms that its Common units representing Limited Partner Interests, Series B Preferred Stock, and Series C Preferred Stock are all registered on the New York Stock Exchange (NYSE). This matters to investors because it reaffirms the liquidity and public trading status of these securities, ensuring they can be bought and sold on a major exchange.
Why It Matters
This filing confirms the continued listing of NGL Energy Partners' securities on the NYSE, which is crucial for maintaining investor confidence and market liquidity.
Risk Assessment
Risk Level: low — This filing is purely administrative, confirming existing security listings, and does not introduce new financial risks.
Analyst Insight
A smart investor would note this administrative filing confirms the continued public trading status of NGL Energy Partners' securities, which is a baseline expectation for publicly traded companies. No immediate action is warranted based solely on this filing, but it reinforces the liquidity of their investment.
Key Players & Entities
- NGL Energy Partners LP (company) — registrant
- New York Stock Exchange (company) — exchange where securities are registered
- Common units representing Limited Partner Interests (security) — class of security registered
- Series B Preferred Stock (security) — class of security registered
- Series C Preferred Stock (security) — class of security registered
FAQ
What is the purpose of this 8-K filing by NGL Energy Partners LP?
The purpose of this 8-K filing, dated January 25, 2024, is to report 'Other Events' and 'Financial Statements and Exhibits,' specifically confirming the registration of its securities pursuant to Section 12(b) of the Securities Exchange Act of 1934.
Which specific securities of NGL Energy Partners LP are mentioned as being registered on an exchange in this filing?
The filing explicitly states that 'Common units representing Limited Partner Interests', 'Fixed-to-float Series B Preferred Stock', and 'Fixed-to-float Series C Preferred Stock' are registered securities.
On which exchange are NGL Energy Partners LP's securities registered, according to this 8-K?
According to the filing, all listed securities, including Common units, Series B Preferred Stock, and Series C Preferred Stock, are registered on the New York Stock Exchange (NYSE).
What is the earliest event reported date for this 8-K filing?
The 'Date of Report (Date of earliest event reported)' for this 8-K filing is January 25, 2024.
What is the Commission File Number for NGL Energy Partners LP as stated in the filing?
The Commission File Number for NGL Energy Partners LP is 001-35172.
Filing Stats: 656 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2024-01-25 17:02:30
Key Financial Figures
- $900 million — rence herein, announcing the pricing of $900 million in aggregate principal amount of 8.125%
- $1.3 billion — .125% senior secured notes due 2029 and $1.3 billion in aggregate principal amount of 8.375%
Filing Documents
- ngl-20240125.htm (8-K) — 31KB
- exhibit991pressreleasedate.htm (EX-99.1) — 8KB
- 0001504461-24-000006.txt ( ) — 227KB
- ngl-20240125.xsd (EX-101.SCH) — 3KB
- ngl-20240125_def.xml (EX-101.DEF) — 18KB
- ngl-20240125_lab.xml (EX-101.LAB) — 34KB
- ngl-20240125_pre.xml (EX-101.PRE) — 18KB
- ngl-20240125_htm.xml (XML) — 5KB
01. Other Events
Item 8.01. Other Events. On January 25, 2024, NGL Energy Partners LP issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated by reference herein, announcing the pricing of $900 million in aggregate principal amount of 8.125% senior secured notes due 2029 and $1.3 billion in aggregate principal amount of 8.375% senior secured notes due 2032. This Current Report on Form 8-K is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities to be offered have not been registered under the Securities Act of 1933 (the "Securities Act") or any state securities laws; and unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The securities will be offered only to persons reasonably believed to be qualified institutional buyers under the Securities Act and to persons, other than U.S. persons, outside of the United States pursuant to Regulation S under the Securities Act.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release, dated January 2 5 , 2024. 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 25, 2024 By: /s/ Bradley P. Cooper Bradley P. Cooper Chief Financial Officer