NGL to da moon (well, maybe to $10?)!! Message Board

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Gold/Mining/Energy : NGL to da moon (well, maybe to $10?)!!

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From: Elroy	4/5/2023 11:26:26 AM
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What can we infer from this nice press release? They say debt will be a little below $2.9 billion. They also say debt to trailing 12 months EBITDA leverage will be about 4.5x after they report March 2023 results. I think this means EBITDA for the Mar 2023 fiscal year will be about $640 million (above last quarter's guidance of $630 million) if debt is $2.88 billion. $2.88b / $640m = 4.5x. Ok, so the March 2023 EBITDA is about $180 million. The EBITDA for the nine months through Dec 2022 was $460m, and if full year EBITDA is $640 then the to be reported March 2023 Q had EBITDA of $180m. Not too shabby. --- NGL Energy Partners LP Completes Divestiture of Marine Assets, 23 Unsecured Note Redemption and Debt and Leverage Update finance.yahoo.com Total debt at March 31, 2023 is slightly below $2.9 billion, a debt reduction of roughly $600 million since September 30, 2022. NGL expects total leverage of approximately 4.5 times based on our total debt and trailing twelve month Adjusted EBITDA at March 31, 2023, which is a significant achievement for the Partnership.

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