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NGL Energy Reports Steep Drop in Net Income, Expects $500 Million Growth Capex for Fiscal 2016, an Industrial Info News Alert

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SUGAR LAND, TX–(Marketwired – Jun 2, 2015) – Researched by Industrial Info Resources (Sugar Land, Texas) — Full-service midstream provider NGL Energy Partners LP (NYSE:NGL) (Tulsa, Oklahoma) reported net income of $29.9 million for the fiscal year ended March 31, down 39% from fiscal-year 2014. The company contended with adverse markets, a 50% decline in crude oil prices and underutilized storage assets, officials at the company said. Industrial Info is tracking $1.27 billion in active NGL Energy projects.

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Read more here:: http://www.marketwired.com/mw/release.do?id=2025448&sourceType=3


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