NGL Energy Partners LP

NGL Energy Partners LP is a midstream energy company that provides transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products/renewables, and water solutions across the United States. Its operations are organized into three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment handles produced and flowback water from oil and gas production, including treatment, recycling, and disposal, as well as recovering crude oil and disposing of solids. The Crude Oil Logistics segment purchases crude oil from producers and transports it to refineries via pipelines, storage terminals, barges, rail, and trade hubs. The Liquids Logistics segment supplies natural gas liquids to commercial, retail, and industrial customers through terminals, pipelines, and railcars, and also offers marine export services for butane.

NGL Energy Partners LP is listed on the New York Stock Exchange (NYSE) under the ticker symbol NGL. Its financial reporting and trading are conducted in US Dollars (USD), as the company is based in the United States and operates primarily within the country. The NYSE listing provides liquidity and access to global investors, and the use of USD aligns with the company's domestic operations and revenue streams.

NGL Energy Partners LP operates in the Energy sector, specifically within the Oil & Gas Midstream industry. Midstream companies are responsible for the transportation, storage, and processing of oil and gas products between production sites and end users. NGL's midstream activities include crude oil logistics, natural gas liquids handling, and water solutions for oil and gas producers. The company does not engage in upstream exploration or downstream refining; instead, it focuses on the critical infrastructure that moves and processes energy resources.

NGL Energy Partners LP operates through three main segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water from crude oil and natural gas production, and also recovers crude oil, disposes solids, and provides truck and tank washouts. The Crude Oil Logistics segment purchases crude oil from producers and marketers, transporting it to refineries via pipelines, storage terminals, barges, rail facilities, and trade hubs, and offers storage and terminaling services. The Liquids Logistics segment supplies natural gas liquids to customers across the United States and Canada through terminals, third-party facilities, pipelines, and a fleet of leased railcars, and also operates a butane marine export facility in Chesapeake, Virginia.

NGL Energy Partners LP was founded in 1940. The company has a long history in the energy midstream sector, evolving over decades to become a provider of transportation, storage, blending, and marketing services for crude oil, natural gas liquids, refined products, and water solutions. Its general partner is NGL Energy Holdings LLC. The company's longevity reflects its adaptation to changing energy markets and its role in supporting oil and gas production infrastructure in the United States.