NGL Energy Partners LP Announces $15 Million Unit Repurchase Program
August 29 2017 - 5:43PM
Business Wire
NGL Energy Partners LP (NYSE:NGL) announced today that the Board
of Directors of its general partner has authorized a unit
repurchase program, under which NGL may repurchase up to $15
million of its outstanding units representing limited partnership
interests of NGL through December 31, 2017. NGL may repurchase
units from time to time in the open market or in other privately
negotiated transactions, subject to market conditions. The unit
repurchase program authorization does not obligate NGL to
repurchase any dollar amount or number of its units, and
repurchases may be commenced or suspended from time to time without
prior notice.
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 its expectations as reflected in
the forward-looking statements are reasonable, NGL can give no
assurance that such expectations 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.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL
owns and operates a vertically integrated energy business with five
primary businesses: water solutions, crude oil logistics, NGL
logistics, refined products/renewables and retail propane. For
further information visit the Partnership's website at
www.nglenergypartners.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170829006196/en/
NGL Energy Partners LPRobert “Trey” Karlovich,
918-481-1119Executive Vice President and Chief Financial
Officertrey.karlovich@nglep.comorLinda Bridges, 918-481-1119Vice
President – Finance and TreasurerLinda.Bridges@nglep.com
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