NGL Energy Partners LP (NGL)

[pete807]

Analysts have raised price targets following the defeat of Proposition 112 in Colorado.

We expect to be at or below our compliance leverage target of 3.25x by the end of this fiscal year

Over the last 12 months, we have raised about $1.5 billion from asset sales at multiples exceeding 10x. The proceeds were utilized to reduce debt and leverage, while focusing on growing our Water Solutions business, such that our partnership adjusted EBITDA is expected to increase over the prior year in spite of the sales. NGL was not shrinking; instead we have repositioned our businesses and are growing again with a much stronger balance sheet.

Just three of the improvements highlighted by Trey and Mike!

Know why you are here folks, and the daily price will be less important.
-pete