NGL Energy announces $150 million share repurchase program

Tulsa-based NGL Energy Partners LP has launched a $150 million share buy back program.

The announcement came on Friday as the company’s Board of Directors of its general partner said it was attempting to repurchase its outstanding units representing limited partnership interest of NGL through September 30, 2021.

NGL may repurchase units from time to time in the open market or in other privately negotiated transactions, subject to market conditions. The unit repurchase program authorization does not obligate NGL to repurchase any dollar amount or number of its units and repurchases may be commenced or suspended from time to time without prior notice.