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NGL Energy Partners LP Announces First Quarter Results And Filing Of Form 10-Q

A conference call to discuss NGL's results of operations is scheduled for 2:00 p.m. Central Time on August 16, 2012. Analysts, investors, and other interested parties may access the conference call by dialing (800) 237-9752 and providing access code 58099124. An audio replay of the conference call will be available for 7 days beginning at 4:00 p.m. Central Time on August 16, 2012, and can be accessed by dialing (888) 286-8010 and providing access code 48448684.

NGL also announced that it has filed its quarterly report on Form 10-Q for its fiscal quarter ended June 30, 2012, with the Securities and Exchange Commission. NGL has posted a copy of the Form 10-Q on its website at www.nglenergypartners.com.

NGL defines EBITDA as net income (loss) attributable to parent equity, plus income taxes, interest expense and depreciation and amortization expense. NGL defines Adjusted EBITDA as EBITDA excluding the unrealized gain or loss on derivative contracts and the gain or loss on the disposal of assets and share-based compensation expenses. EBITDA and Adjusted EBITDA should not be considered an alternative to net income, income before income taxes, cash flows from operating activities, or any other measure of financial performance calculated in accordance with GAAP as those items are used to measure operating performance, liquidity or the ability to service debt obligations. NGL believes that EBITDA provides additional information for evaluating its ability to make quarterly distributions to its unitholders and is presented solely as a supplemental measure. NGL believes that Adjusted EBITDA provides additional information for evaluating its financial performance without regard to its financing methods, capital structure and historical cost basis. Further, EBITDA and Adjusted EBITDA, as NGL defines them, may not be comparable to EBITDA and Adjusted EBITDA or similarly titled measures used by other entities. A reconciliation of Adjusted EBITDA to net income (loss) attributable to parent equity is shown below.

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