NGL Energy Partners LP (NYSE:NGL), “NGL Energy,” today reported a seasonal net loss allocable to limited partners for the three month period ended September 30, 2011, of $5.4 million and an Adjusted EBITDA loss of $3.9 million. Net loss per limited partner common and subordinated unit for the period was $(0.36). For the six month period ended September 30, 2011, NGL Energy reported a seasonal net loss allocable to limited partners of $12.2 million and an Adjusted EBITDA loss of $5.6 million. Net loss per limited partner common and subordinated unit for the period was $(0.88). Subsequent to September 30, 2011, the Partnership announced the completion of two significant business combinations. In October 2011, the assets of E. Osterman Propane and its affiliates were contributed to NGL Energy, adding 20 service and satellite distributions locations with sales exceeding 40 million gallons of propane annually. The Osterman transaction increased Partnership equity by approximately $84 million and long-term debt by approximately $96 million. In early November 2011, NGL Energy announced that substantially all of the natural gas liquids assets of SemStream, L.P., “Semstream,” a subsidiary of SemGroup Corporation (NYSE: SEMG), had been contributed to the Partnership. The transaction added 12 natural gas liquids terminals, 12 million gallons of above ground propane storage, 3.7 million barrels of leased underground natural gas liquids storage, a rail fleet of 350 leased and 12 owned cars and approximately $93 million of natural gas liquids inventory to the Partnership’s assets. The SemStream transaction increased Partnership equity by approximately $188 million and seasonal borrowings by approximately $93 million. “The net loss for the second quarter is consistent with the seasonal nature of our business. However, the loss included approximately $1.2 million of acquisition related costs that could not be capitalized under GAAP,” said Craig S. Jones, the Partnership Chief Financial Officer.