Financial Results:
- Income from continuing operations for the first quarter of Fiscal 2027 of
$80.0 million , compared to income from continuing operations of$30.3 million for the first quarter of Fiscal 2026 - Adjusted EBITDA from continuing operations(1) for the first quarter of Fiscal 2027 of
$186.2 million , compared to$144.0 million for the first quarter of Fiscal 2026, nearly 30% increase
Water Solutions:
- On
May 7, 2026 , we announced the LEX II Extension, which expands the current long haul LEX Pipeline System to 81 miles with a capability to transport approximately 560,000 barrels per day of produced water fromEddy andLea Counties, NM toAndrews County, TX. The LEX II Extension is underwritten by a newly executed long-term volume commitment contract that includes increased volume commitments, and an additional four township committed area inEddy County, NM . The LEX II Extension is expected to be in service by the end of the calendar year. - Record produced water volumes physically disposed of approximately 3.32 million barrels per day during the first quarter of Fiscal 2027, growing 19.6% from the first quarter of Fiscal 2026
- Paid and physically disposed water volumes of 3.43 million barrels per day during the first quarter of Fiscal 2027, growing 12.1% from the first quarter of Fiscal 2026
- Permitted injection capacity was increased by approximately 195,000 barrels during the first quarter of Fiscal 2027
Guidance:
- Raised our full year Fiscal 2027 Adjusted EBITDA(2) guidance to
$725-$735 million
“NGL is off to a very strong start to Fiscal 2027, the first quarter results were driven primarily by the Water Solutions segment. We are raising our full year guidance for Adjusted EBITDA(2) from
| ________________ | |
(1) | See the “Non-GAAP Financial Measures” section of this release for the definition of Adjusted EBITDA (as used herein) and a discussion of this non-GAAP financial measure. |
(2) | Certain of the forward-looking financial measures are provided on a non-GAAP basis. A reconciliation of forward-looking financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP is potentially misleading and not practical given the difficulty of projecting event driven transactional and other non-core operating items in any future period. The magnitude of these items, however, may be significant. |
Quarterly Results of Operations
The following table summarizes the unaudited operating income (loss) and Adjusted EBITDA from continuing operations(1) by reportable segment for the periods indicated:
|
| Quarter Ended | ||||||||||||||
|
|
| ||||||||||||||
|
| Operating Income (Loss) |
| Adjusted EBITDA(1) |
| Operating Income (Loss) |
| Adjusted EBITDA(1) | ||||||||
|
| (in thousands) | ||||||||||||||
Water Solutions |
| $ | 138,568 |
|
| $ | 179,856 |
|
| $ | 84,947 |
|
| $ | 142,869 |
|
Crude Oil Logistics |
|
| 5,858 |
|
|
| 8,641 |
|
|
| 672 |
|
|
| 9,583 |
|
Liquids Logistics |
|
| 16,310 |
|
|
| 10,285 |
|
|
| 23,732 |
|
|
| 2,871 |
|
Corporate and Other |
|
| (15,417 | ) |
|
| (12,564 | ) |
|
| (11,901 | ) |
|
| (11,351 | ) |
Total |
| $ | 145,319 |
|
| $ | 186,218 |
|
| $ | 97,450 |
|
| $ | 143,972 |
|
Water Solutions
Operating income for the Water Solutions segment increased by
Revenues from recovered skim oil, including the impact from realized skim oil hedges, totaled
Operating expenses in the Water Solutions segment increased
There was also an increase in net unrealized gains on skim oil hedges of
Crude Oil Logistics
Operating income for the Crude Oil Logistics segment increased by
Liquids Logistics
Operating income for the Liquids Logistics segment decreased by
Capitalization and Liquidity
Total liquidity (cash plus available capacity on our asset-based revolving credit facility (“ABL Facility”)) was approximately
First Quarter Conference Call Information
A conference call to discuss NGL’s results of operations is scheduled for
Non-GAAP Financial Measures
We define EBITDA as net income (loss) attributable to
For purposes of our Adjusted EBITDA calculation, we make a distinction between realized and unrealized gains and losses on derivatives. During the period when a derivative contract is open, we record changes in the fair value of the derivative as an unrealized gain or loss. When a derivative contract matures or is settled, we reverse the previously recorded unrealized gain or loss and record a realized gain or loss.
Distributable Cash Flow is defined as Adjusted EBITDA minus maintenance capital expenditures, income tax expense, cash interest expense, preferred unit distributions paid and other. Maintenance capital expenditures represent capital expenditures necessary to maintain the Partnership’s operating capacity. Distributable Cash Flow is a performance metric used by senior management to compare cash flows generated by the Partnership (excluding growth capital expenditures and prior to the establishment of any retained cash reserves by the board of directors of our general partner) to the cash distributions expected to be paid to unitholders. Using this metric, management can quickly compute the coverage ratio of estimated cash flows to planned cash distributions. This financial measure also is important to investors as an indicator of whether the Partnership is generating cash flow at a level that can sustain, or support an increase in, quarterly distribution rates. Actual distribution amounts are set by the board of directors of our general partner.
We do not provide a reconciliation for non-GAAP estimates on a forward-looking basis where we are unable to provide a meaningful calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing or amount of various items that would impact the most directly comparable forward-looking
Forward-Looking Statements
This press release includes “forward-looking statements.” All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. While NGL believes such forward-looking statements are reasonable, NGL cannot assure they will prove to be correct. The forward-looking statements involve risks and uncertainties that affect operations, financial performance, and other factors as discussed in filings with the Securities and Exchange Commission. Other factors that could impact any forward-looking statements are those risks described in NGL’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other public filings. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading “Risk Factors.” NGL undertakes no obligation to publicly update or revise any forward-looking statements except as required by law.
NGL provides Adjusted EBITDA guidance that does not include certain charges and costs, which in future periods are generally expected to be similar to the kinds of charges and costs excluded from Adjusted EBITDA in prior periods, such as income taxes, interest and other non-operating items, depreciation and amortization, net unrealized gains and losses on derivatives, lower of cost or net realizable value adjustments, gains and losses on disposal or impairment of assets, gains and losses on early extinguishment of liabilities, equity-based compensation expense, acquisition expense, revaluation of liabilities and items that are unusual in nature or infrequently occurring. The exclusion of these charges and costs in future periods will have a significant impact on the Partnership’s Adjusted EBITDA, and the Partnership is not able to provide a reconciliation of its Adjusted EBITDA guidance to net income (loss) without unreasonable efforts due to the uncertainty and variability of the nature and amount of these future charges and costs and the Partnership believes that such reconciliation, if possible, would imply a degree of precision that would be potentially confusing or misleading to investors.
About
NGL ENERGY PARTNERS LP AND SUBSIDIARIES Unaudited Condensed Consolidated Balance Sheets (in Thousands, except unit amounts) | ||||||||
|
| |||||||
ASSETS |
|
|
| |||||
CURRENT ASSETS: |
|
|
| |||||
Cash and cash equivalents | $ | 5,071 |
|
| $ | 8,505 |
| |
Accounts receivable, net of allowance for expected credit losses of |
| 638,201 |
|
|
| 661,157 |
| |
Accounts receivable-affiliates |
| 526 |
|
|
| 313 |
| |
Inventories |
| 67,672 |
|
|
| 67,351 |
| |
Prepaid expenses and other current assets |
| 26,131 |
|
|
| 36,624 |
| |
Total current assets |
| 737,601 |
|
|
| 773,950 |
| |
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of |
| 2,150,699 |
|
|
| 2,091,747 |
| |
| 351,506 |
|
|
| 351,506 |
| ||
INTANGIBLE ASSETS, net of accumulated amortization of |
| 794,183 |
|
|
| 805,110 |
| |
OPERATING LEASE RIGHT-OF-USE ASSETS |
| 115,338 |
|
|
| 113,326 |
| |
OTHER NONCURRENT ASSETS |
| 30,757 |
|
|
| 39,900 |
| |
Total assets | $ | 4,180,084 |
|
| $ | 4,175,539 |
| |
LIABILITIES AND DEFICIT |
|
|
| |||||
CURRENT LIABILITIES: |
|
|
| |||||
Accounts payable | $ | 450,461 |
|
| $ | 495,180 |
| |
Accounts payable-affiliates |
| 1 |
|
|
| 1 |
| |
Accrued expenses and other payables |
| 128,165 |
|
|
| 184,184 |
| |
Advance payments received from customers |
| 18,392 |
|
|
| 15,201 |
| |
Current maturities of long-term debt |
| 11,497 |
|
|
| 11,457 |
| |
Operating lease obligations |
| 36,199 |
|
|
| 33,459 |
| |
Total current liabilities |
| 644,715 |
|
|
| 739,482 |
| |
LONG-TERM DEBT, net of debt issuance costs of |
| 3,264,175 |
|
|
| 3,223,126 |
| |
OPERATING LEASE OBLIGATIONS |
| 81,435 |
|
|
| 82,160 |
| |
OTHER NONCURRENT LIABILITIES |
| 135,865 |
|
|
| 136,953 |
| |
|
|
|
| |||||
CLASS D PREFERRED UNITS, 315,489 and 315,489 preferred units issued and outstanding, respectively |
| 289,824 |
|
|
| 289,824 |
| |
REDEEMABLE NONCONTROLLING INTERESTS |
| 598 |
|
|
| 559 |
| |
|
|
|
| |||||
DEFICIT: |
|
|
| |||||
General partner, representing a 0.1% interest, 124,939 and 123,938 notional units, respectively |
| (53,259 | ) |
|
| (53,319 | ) | |
Limited partners, representing a 99.9% interest, 124,814,289 and 123,814,289 common units issued and outstanding, respectively |
| (552,217 | ) |
|
| (612,276 | ) | |
Class B preferred limited partners, 12,585,642 and 12,585,642 preferred units issued and outstanding, respectively |
| 305,468 |
|
|
| 305,468 |
| |
Class C preferred limited partners, 1,800,000 and 1,800,000 preferred units issued and outstanding, respectively |
| 42,891 |
|
|
| 42,891 |
| |
Noncontrolling interests |
| 20,589 |
|
|
| 20,671 |
| |
Total deficit |
| (236,528 | ) |
|
| (296,565 | ) | |
Total liabilities and deficit | $ | 4,180,084 |
|
| $ | 4,175,539 |
| |
NGL ENERGY PARTNERS LP AND SUBSIDIARIES Unaudited Condensed Consolidated Statements of Operations (in Thousands, except unit and per unit amounts) | ||||||||
|
| Three Months Ended | ||||||
|
|
| 2026 |
|
|
| 2025 |
|
REVENUES: |
|
|
|
| ||||
Product |
| $ | 774,300 |
|
| $ | 436,418 |
|
Service and other |
|
| 215,692 |
|
|
| 185,738 |
|
Total Revenues |
|
| 989,992 |
|
|
| 622,156 |
|
COST OF SALES: |
|
|
|
| ||||
Product |
|
| 679,472 |
|
|
| 377,464 |
|
Service and other |
|
| 4,937 |
|
|
| 5,348 |
|
Total Cost of Sales |
|
| 684,409 |
|
|
| 382,812 |
|
OPERATING COSTS AND EXPENSES: |
|
|
|
| ||||
Operating |
|
| 78,885 |
|
|
| 70,768 |
|
General and administrative |
|
| 17,568 |
|
|
| 13,740 |
|
Depreciation and amortization |
|
| 61,895 |
|
|
| 66,585 |
|
Loss (gain) on disposal or impairment of assets, net |
|
| 1,916 |
|
|
| (9,199 | ) |
Operating Income |
|
| 145,319 |
|
|
| 97,450 |
|
OTHER INCOME (EXPENSE): |
|
|
|
| ||||
Equity in earnings of unconsolidated entities |
|
| — |
|
|
| 201 |
|
Interest expense |
|
| (67,068 | ) |
|
| (65,545 | ) |
Gain on early extinguishment of liabilities, net |
|
| — |
|
|
| 1,492 |
|
Other income (expense), net |
|
| 1,496 |
|
|
| (3,515 | ) |
Income From Continuing Operations Before Income Taxes |
|
| 79,747 |
|
|
| 30,083 |
|
INCOME TAX BENEFIT |
|
| 299 |
|
|
| 182 |
|
Income From Continuing Operations |
|
| 80,046 |
|
|
| 30,265 |
|
Income From Discontinued Operations, net of Tax |
|
| 35 |
|
|
| 39,379 |
|
Net Income |
|
| 80,081 |
|
|
| 69,644 |
|
LESS: NET INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO NONREDEEMABLE NONCONTROLLING INTERESTS |
|
| (1,377 | ) |
|
| (705 | ) |
LESS: NET LOSS (INCOME) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO REDEEMABLE NONCONTROLLING INTERESTS |
|
| 28 |
|
|
| (17 | ) |
NET INCOME ATTRIBUTABLE TO NGL ENERGY PARTNERS LP |
| $ | 78,732 |
|
| $ | 68,922 |
|
|
|
|
|
| ||||
NET INCOME (LOSS) FROM CONTINUING OPERATIONS ALLOCATED TO COMMON UNITHOLDERS |
| $ | 59,831 |
|
| $ | (34,024 | ) |
NET INCOME FROM DISCONTINUED OPERATIONS ALLOCATED TO COMMON UNITHOLDERS |
|
| 35 |
|
|
| 39,340 |
|
NET INCOME ALLOCATED TO COMMON UNITHOLDERS - BASIC |
| $ | 59,866 |
|
| $ | 5,316 |
|
NET INCOME ALLOCATED TO COMMON UNITHOLDERS - DILUTED |
| $ | 61,212 |
|
| $ | 5,316 |
|
BASIC AND DILUTED INCOME (LOSS) PER COMMON UNIT |
|
|
|
| ||||
Income (Loss) From Continuing Operations |
| $ | 0.48 |
|
| $ | (0.26 | ) |
Income From Discontinued Operations, net of Tax |
| $ | — |
|
| $ | 0.30 |
|
Net Income |
| $ | 0.48 |
|
| $ | 0.04 |
|
BASIC WEIGHTED AVERAGE COMMON UNITS OUTSTANDING |
|
| 124,803,300 |
|
|
| 131,747,544 |
|
DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING |
|
| 128,085,880 |
|
|
| 131,747,544 |
|
EBITDA, ADJUSTED EBITDA AND DISTRIBUTABLE CASH FLOW RECONCILIATION (Unaudited) | ||||||||
The following table reconciles NGL’s net income to NGL’s EBITDA, Adjusted EBITDA and Distributable Cash Flow for the periods indicated: | ||||||||
|
| Three Months Ended | ||||||
|
|
| 2026 |
|
|
| 2025 |
|
|
| (in thousands) | ||||||
Net income |
| $ | 80,081 |
|
| $ | 69,644 |
|
Less: Net income from continuing operations attributable to nonredeemable noncontrolling interests |
|
| (1,377 | ) |
|
| (705 | ) |
Less: Net loss (income) from continuing operations attributable to redeemable noncontrolling interests |
|
| 28 |
|
|
| (17 | ) |
Net income attributable to |
|
| 78,732 |
|
|
| 68,922 |
|
Interest expense |
|
| 67,049 |
|
|
| 65,525 |
|
Income tax benefit |
|
| (299 | ) |
|
| (182 | ) |
Depreciation and amortization |
|
| 62,925 |
|
|
| 65,826 |
|
EBITDA |
|
| 208,407 |
|
|
| 200,091 |
|
Net unrealized gains on derivatives (1) |
|
| (39,360 | ) |
|
| (7,540 | ) |
Lower of cost or net realizable value adjustments (2) |
|
| 6,288 |
|
|
| (2,944 | ) |
Loss (gain) on disposal or impairment of assets, net (3) |
|
| 1,907 |
|
|
| (47,579 | ) |
Gain on early extinguishment of liabilities, net |
|
| — |
|
|
| (1,492 | ) |
Equity-based compensation expense |
|
| 1,991 |
|
|
| — |
|
Other (4) |
|
| 7,020 |
|
|
| 4,431 |
|
Adjusted EBITDA |
| $ | 186,253 |
|
| $ | 144,967 |
|
Adjusted EBITDA - Discontinued Operations (5) |
| $ | 35 |
|
| $ | 995 |
|
Adjusted EBITDA - Continuing Operations |
| $ | 186,218 |
|
| $ | 143,972 |
|
Less: Cash interest expense (6) |
|
| 65,417 |
|
|
| 61,791 |
|
Less: Income tax benefit |
|
| (299 | ) |
|
| (182 | ) |
Less: Maintenance capital expenditures |
|
| 15,451 |
|
|
| 11,099 |
|
Less: Preferred unit distributions paid |
|
| 18,753 |
|
|
| 31,536 |
|
Less: Other (7) |
|
| (6,628 | ) |
|
| 1,292 |
|
Distributable Cash Flow |
| $ | 93,524 |
|
| $ | 38,436 |
|
| ________________ | |
(1) | Due to the continued conflict between |
(2) | Lower of cost or net realizable value adjustments in the table above differ from lower of cost or net realizable value adjustments reported in our unaudited condensed consolidated statements of cash flows in the Partnership’s Quarterly Report on Form 10-Q for the quarter ended |
(3) | Excludes amounts related to unconsolidated entities and noncontrolling interests. |
(4) | Amounts represent accretion expense for asset retirement obligations, expenses incurred related to legal and advisory costs associated with acquisitions and dispositions, unrealized gains and losses on investments and marketable securities and a loss from a legal dispute. In addition, the amount for the three months ended |
(5) | Amounts include our refined products and biodiesel businesses. |
(6) | Amounts represent interest expense payable in cash, excluding changes in the accrued interest balance. |
(7) | Amounts represent cash paid to settle asset retirement obligations. For the three months ended |
ADJUSTED EBITDA RECONCILIATION BY SEGMENT (unaudited) | |||||||||||||||||||||||||||
| Three Months Ended | ||||||||||||||||||||||||||
| Water Solutions |
| Crude Oil Logistics |
| Liquids Logistics |
| Corporate and Other |
| Continuing Operations |
| Discontinued Operations |
| Consolidated | ||||||||||||||
| (in thousands) | ||||||||||||||||||||||||||
Operating income (loss) | $ | 138,568 |
|
| $ | 5,858 |
|
| $ | 16,310 |
|
| $ | (15,417 | ) |
| $ | 145,319 |
|
| $ | — |
|
| $ | 145,319 |
|
Depreciation and amortization |
| 53,317 |
|
|
| 6,200 |
|
|
| 1,710 |
|
|
| 668 |
|
|
| 61,895 |
|
|
| — |
|
|
| 61,895 |
|
Amortization in cost of sales-service |
| 1,602 |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
| 1,602 |
|
|
| — |
|
|
| 1,602 |
|
Net unrealized gains on derivatives |
| (19,036 | ) |
|
| (12,605 | ) |
|
| (7,719 | ) |
|
| — |
|
|
| (39,360 | ) |
|
| — |
|
|
| (39,360 | ) |
Lower of cost or net realizable value adjustments |
| — |
|
|
| 6,341 |
|
|
| (53 | ) |
|
| — |
|
|
| 6,288 |
|
|
| — |
|
|
| 6,288 |
|
Loss (gain) on disposal or impairment of assets, net |
| 1,818 |
|
|
| 117 |
|
|
| (11 | ) |
|
| (8 | ) |
|
| 1,916 |
|
|
| — |
|
|
| 1,916 |
|
Equity-based compensation expense |
| — |
|
|
| — |
|
|
| — |
|
|
| 1,991 |
|
|
| 1,991 |
|
|
| — |
|
|
| 1,991 |
|
Other income (expense), net |
| 1,420 |
|
|
| (388 | ) |
|
| 341 |
|
|
| 123 |
|
|
| 1,496 |
|
|
| — |
|
|
| 1,496 |
|
Adjusted EBITDA attributable to noncontrolling interests |
| (1,946 | ) |
|
| — |
|
|
| — |
|
|
| (21 | ) |
|
| (1,967 | ) |
|
| — |
|
|
| (1,967 | ) |
Other |
| 4,113 |
|
|
| 3,118 |
|
|
| (293 | ) |
|
| 100 |
|
|
| 7,038 |
|
|
| — |
|
|
| 7,038 |
|
Discontinued operations |
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
| 35 |
|
| 35 |
| |
Adjusted EBITDA | $ | 179,856 |
|
| $ | 8,641 |
|
| $ | 10,285 |
|
| $ | (12,564 | ) |
| $ | 186,218 |
|
| $ | 35 |
|
| $ | 186,253 |
|
| Three Months Ended | ||||||||||||||||||||||||||
| Water Solutions |
| Crude Oil Logistics |
| Liquids Logistics |
| Corporate and Other |
| Continuing Operations |
| Discontinued Operations |
| Consolidated | ||||||||||||||
| (in thousands) | ||||||||||||||||||||||||||
Operating income (loss) | $ | 84,947 |
|
| $ | 672 |
|
| $ | 23,732 |
|
| $ | (11,901 | ) |
| $ | 97,450 |
|
| $ | — |
|
| $ | 97,450 |
|
Depreciation and amortization |
| 58,076 |
|
|
| 6,065 |
|
|
| 1,567 |
|
|
| 877 |
|
|
| 66,585 |
|
|
| — |
|
|
| 66,585 |
|
Net unrealized gains on derivatives |
| (3,514 | ) |
|
| (1,132 | ) |
|
| (2,879 | ) |
|
| — |
|
|
| (7,525 | ) |
|
| — |
|
|
| (7,525 | ) |
Lower of cost or net realizable value adjustments |
| — |
|
|
| — |
|
|
| (2,944 | ) |
|
| — |
|
|
| (2,944 | ) |
|
| — |
|
|
| (2,944 | ) |
Loss (gain) on disposal or impairment of assets, net |
| 3,536 |
|
|
| 3,921 |
|
|
| (16,655 | ) |
|
| (1 | ) |
|
| (9,199 | ) |
|
| — |
|
|
| (9,199 | ) |
Other (expense) income, net |
| (133 | ) |
|
| 1 |
|
|
| (328 | ) |
|
| (3,055 | ) |
|
| (3,515 | ) |
|
| — |
|
|
| (3,515 | ) |
Adjusted EBITDA attributable to unconsolidated entities |
| 221 |
|
|
| — |
|
|
| 4 |
|
|
| — |
|
|
| 225 |
|
|
| — |
|
|
| 225 |
|
Adjusted EBITDA attributable to noncontrolling interests |
| (1,485 | ) |
|
| — |
|
|
| — |
|
|
| (68 | ) |
|
| (1,553 | ) |
|
| — |
|
|
| (1,553 | ) |
Other |
| 1,221 |
|
|
| 56 |
|
|
| 374 |
|
|
| 2,797 |
|
|
| 4,448 |
|
|
| — |
|
|
| 4,448 |
|
Discontinued operations |
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
| 995 |
|
| 995 |
| |
Adjusted EBITDA | $ | 142,869 |
|
| $ | 9,583 |
|
| $ | 2,871 |
|
| $ | (11,351 | ) |
| $ | 143,972 |
|
| $ | 995 |
|
| $ | 144,967 |
|
OPERATIONAL DATA (Unaudited) | ||||||||
| Three Months Ended | |||||||
| ||||||||
|
| 2026 |
|
|
| 2025 |
| |
| (in thousands, except per day amounts) | |||||||
Water Solutions: |
|
|
| |||||
Produced water processed (barrels per day) |
|
|
| |||||
2,962,381 |
|
| 2,411,622 |
| ||||
| 176,712 |
|
| 200,773 | ||||
| 175,962 |
|
|
| 159,219 |
| ||
Total |
| 3,315,055 |
|
|
| 2,771,614 |
| |
Recycled water (barrels per day) |
| 145,817 |
|
|
| 239,845 |
| |
Total (barrels per day) |
| 3,460,872 |
|
|
| 3,011,459 |
| |
Skim oil sold (barrels per day) |
| 6,177 |
|
|
| 4,603 |
| |
|
|
|
| |||||
Crude Oil Logistics: |
|
|
| |||||
Crude oil sold (barrels) |
| 4,359 |
|
|
| 2,424 |
| |
Crude oil transported on owned pipelines (barrels) |
| 6,705 |
|
|
| 4,990 |
| |
Crude oil storage capacity - owned and leased (barrels) (1) |
| 5,232 |
|
|
| 5,232 |
| |
Crude oil inventory (barrels) (1) |
| 334 |
|
|
| 391 |
| |
|
|
|
| |||||
Liquids Logistics: |
|
|
| |||||
Butane sold (gallons) |
| 119,846 |
|
|
| 96,938 |
| |
Propane sold (gallons) |
| 41,082 |
|
|
| 66,775 |
| |
Other products sold (gallons) |
| 61,175 |
|
|
| 71,616 |
| |
Natural gas liquids storage capacity - owned and leased (gallons) (1) |
| 46,841 |
|
|
| 52,721 |
| |
Butane inventory (gallons) (1) |
| 24,295 |
|
|
| 40,177 |
| |
Propane inventory (gallons) (1) |
| 13,052 |
|
|
| 13,283 |
| |
Other products inventory (gallons) (1) |
| 4,526 |
|
|
| 6,017 |
| |
| ________________ | |
(1) | Information is presented as of |
View source version on businesswire.com: https://www.businesswire.com/news/home/20260804997042/en/
Senior Vice President - Finance
David.Sullivan@nglep.com
Source: