NGL to Announce 4Q Earnings

Tulsa’s NGL Energy Partners LP will issue its fiscal fourth quarter and full year ended March 31, 2018 earnings report in a few weeks.

The company plans to release the report after the market closes on Wednesday, May 30, 2018. The management team will host an earnings call following the release at 5 p.m. CDT to discuss the financial results.

The company stated that due to the timing of the release, NGL Energy Partners LP will not be attending the 2018 MLP and Energy Infrastructure Conference in Orlando, Florida on May 22-24.

When the third quarter results were released in February, NGL reported adjusted earnings before interest, taxes, depreciation and amortization of $122.6 million, compared to $120.7 million for the third quarter of fiscal 2017. It also included the completion of the sale of the Partnership’s 50% interest in Glass Mountain  Pipeline LLC for $300 million. The proceeds were used to pay down outstanding debt.

 

 

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