Founded: 1940
Sector: Energy
Industry: Oil & Gas Refining & Marketing
Full Time Employees: 2,700
nglenergypartners.com
Forward Dividend & Yield 1.56 (14.31%)
Ex-Dividend Date 2018-05-04
NGL Energy Partners also reports Q4 results; guides FY19
- Adjusted EBITDA for the fourth quarter of Fiscal 2018 +29% to $155.9 mln; revs +33% $5.12 bln vs $4.81 bln Capital IQ Consensus.
- The Partnership is initiating its Fiscal 2019 Adjusted EBITDA guidance with a target of $450 million, which assumes: $200-$225 million of Adjusted EBITDA from the Water Solutions segment which the Partnership believes could increase by up to 20% annually for the next three years at current crude oil prices, rig counts, expected volumes and market share in its core basins $145-$155 million of Adjusted EBITDA from the Crude Oil Logistics segment due to increased volumes and margins under minimum volume commitments on Grand Mesa, as well as generally increasing margins across all basins in which we operate No significant changes to the Liquids and Refined Products segments from FY 2018 actual results.
- Signed a definitive agreement to sell remaining propane business to Superior Plus for $900 mln
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