NGL Energy Partners LP(US:NGL)2025-02-10 22:07Company Overview - NGL Energy Partners LP (NYSE: NGL) focuses on water solutions, crude oil logistics, and liquids logistics[1,43] - The company provides water transportation, treating, recycling, and handling services, particularly in the Delaware Basin[3,43] - NGL purchases crude oil from producers and marketers for resale and offers storage, terminaling, and transportation services[2,3,43] - The company supplies NGLs, refined products, and biodiesel across the United States and Canada[3,43] Water Solutions Business - NGL operates the largest integrated water disposal system in the Delaware Basin, supported by long-term contracts and acreage dedications[3,8] - The company has over 780 miles of large diameter water pipelines in the Northern Delaware Basin[7,11] - NGL's water handling facilities have a total permitted capacity of approximately 6.4 million barrels per day[7] - In FY2024, NGL sold 30.8 million barrels of recycled water[7] - Approximately 80% of total disposal volumes in FY 2024 came from investment grade counterparties[27] Crude Oil and Liquids Logistics - The Grand Mesa Pipeline has a capacity of 150,000 barrels per day[31] - NGL operates 23 owned terminals connected by pipelines for liquids logistics[3,36] - The company utilizes a fleet of approximately 3,900 leased railcars for propane/butane wholesale[37] Financial Performance and Market Data - As of February 5, 2025, NGL's market capitalization was $1.71 billion and enterprise value was $4.90 billion[58] - NGL's common unit price was $5.62 as of February 5, 2025[58]