This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

NGL Energy Partners LP Announces Earnings And Filing Of Form 10-Q

Stocks in this article: NGL

NGL Energy Partners LP (NYSE:NGL), "NGL Energy," reported net income allocable to limited partners for the three month period ended December 31, 2011 of $6.1 million and Adjusted EBITDA of $13.6 million. Net income per limited partner common unit for the period was $0.24. Costs associated with acquisitions that were expensed amounted to $0.3 million.

For the nine month period ended December 31, 2011, NGL Energy reported a net loss allocable to limited partners of $(6.1) million and Adjusted EBITDA of $8.0 million. Net loss per limited partner common unit for the period was $(0.41). Costs associated with acquisitions that were expensed amounted to $1.4 million.

During the three months ended December 31, 2011, NGL Energy completed two significant business combinations. On October 3, 2011, NGL Energy combined the retail propane operations in the northeastern United States of E. Osterman Propane, Inc., its affiliated companies and members of the Osterman family. The contributed assets include 20 owned or leased customer service and satellite distribution locations, with aggregate propane storage capacity of 1.7 million gallons. On November 1, 2011, NGL Energy obtained substantially all of the natural gas liquids business of SemStream, L.P. The contributed assets include 12 natural gas liquids terminals, 12 million gallons of above ground propane storage, 3.7 million barrels of underground leased storage for natural gas liquids and a rail fleet of approximately 350 leased and 12 owned cars.

Subsequent to December 31, 2011, NGL Energy completed two significant business combinations. In January 2012, NGL Energy acquired the assets of seven retail propane companies affiliated with Pacer Propane Holdings, L.P. in exchange for approximately $32.2 million in cash and 1.5 million common units of NGL Energy. In February 2012, NGL Energy acquired the propane and distillate operations and assets of North American Propane for cash of approximately $66.8 million, subject to adjustment for certain assumed liabilities, working capital and other specified items.

1 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs