NGL Energy Partners LP (NYSE:NGL) ("NGL" or the "Partnership") today reported an operating loss for the quarter ended September 30, 2016 of $35.8 million compared to operating income of $18.3 million in the same quarter last year, which included $5.5 million of operating income from our consolidation of TransMontaigne Partners L.P., which was divested in early 2016. Net loss for the quarter was $66.7 million compared to a net loss of $6.1 million during the same quarter last year. Adjusted EBITDA was $75.4 million for the quarter ended September 30, 2016, an 11.5% year over year increase when compared to Adjusted EBITDA of $67.6 million during the quarter ended September 30, 2015. Distributable Cash Flow was $39.3 million for the quarter ended September 30, 2016, compared to $30.0 million for the quarter ended September 30, 2015. "Our quarterly results are in line with expectations as increased volumes in our Refined Products and Renewables segment continue to be a driver of earnings during this commodity price cycle. In October, our business took a significant step forward with the startup of the Grand Mesa pipeline. We expect that this milestone project, which was completed on-time and under budget, will increase fee-based earnings through long-term, take-or-pay contracts and ratable cash flows," stated Mike Krimbill, CEO of NGL. "As we head into our two most historically profitable fiscal quarters, we expect our Liquids and Retail Propane segments will benefit from the winter heating season, our Refined Products and Renewables segment will continue to perform well, and we are seeing a rebound in our Water Solutions business. Our Crude Oil Logistics segment will benefit from Grand Mesa and other opportunities within our operating footprint, offset by headwinds in our crude transportation and marketing divisions. The capital already invested in each of our businesses provides clear line of sight to at least $600 million of Adjusted EBITDA next year with minimal remaining capital requirements going forward. We remain focused on our balance sheet and financial metric objectives as we grow our business and deliver value for all of our stakeholders."