NGL Energy Partners LP – A 10-K Overview

NGL Energy Partners LP has recently released its 10-K report, providing a comprehensive overview of its business operations. The company engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products/renewables, and water solutions. Operating in three segments * Water Solutions, Crude Oil Logistics, and Liquids Logistics * the company offers various services such as transportation, treatment, recycling, and disposal of produced and flowback water, as well as the supply of natural gas liquids, refined petroleum products, and biodiesel to commercial, retail, and industrial customers in the United States and Canada.

In terms of ownership, as of June 4, 2024, Invesco Ltd. holds 14.76% of NGL Energy's outstanding common units, making it the largest beneficial owner. EIG Neptune Equity Aggregator, L.P. follows with 11.21%, and JPMorgan Chase & Co. with 6.41%. Among the directors and named executive officers, Dr. Shawn W. Coady holds 2.00%, H. Michael Krimbill holds 3.72%, and the group collectively owns 6.82% of the common units. The remaining common units are distributed among other directors and executive officers. Following these announcements, the company's shares moved 0.2%, and are now trading at a price of $5.89. Check out the company's full 10-K submission here.

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