NGL Energy Partners LP Announces $150 Million Unit Repurchase Program
August 30 2019 - 6:35AM
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 $150
million of its outstanding units representing limited partnership
interests of NGL through September 30, 2021. 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.
Forward-Looking
Statements
Certain matters contained in this Press Release include
"forward-looking statements." All statements, other than statements
of historical fact, included in this Press Release may constitute
forward-looking statements. Although we believe that the
expectations reflected in these forward-looking statements are
reasonable, we cannot assure you that these expectations will prove
to be correct. These forward-looking statements are subject to
certain known and unknown risks and uncertainties, as well as
assumptions that could cause actual results to differ materially
from those reflected in these forward-looking statements. Factors
that might cause actual results to differ include, but are not
limited to, the risk factors discussed from time to time in each of
our documents and reports filed with the SEC.
Readers are cautioned not to place undue reliance on any
forward-looking statements contained in this Press Release, which
reflect management's opinions only as of the date hereof. Except as
required by law, we undertake no obligation to revise or publicly
release the results of any revision to any forward-looking
statements.
About NGL Energy Partners
LP
NGL Energy Partners LP is a Delaware limited partnership. NGL
owns and operates a vertically integrated energy business with four
primary businesses: water solutions, crude oil logistics, NGL
logistics and refined products/renewables. For further information,
visit the Partnership’s website at www.nglenergypartners.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190830005059/en/
Trey Karlovich, 918-481-1119 Executive Vice President and Chief
Financial Officer Trey.Karlovich@nglep.com or Linda Bridges,
918-481-1119 Senior Vice President – Finance and Treasurer
Linda.Bridges@nglep.com
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