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

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To: Area51 who wrote (112)5/5/2025 7:07:47 AM
From: Elroy   of 126
 
With this news I think it's safe to assume the preferred distributions will continue to be paid

NGL Energy Partners LP Announces Recent Asset Sales and Other Cash Proceeds Totaling Approximately $270 Million

https://finance.yahoo.com/news/ngl-energy-partners-lp-announces-103000469.html

The proceeds will be used to pay off the remaining ABL balance and the excess cash will be used for additional deleveraging and addressing other parts of our capital structure," commented Mike Krimbill, CEO of NGL.
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