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

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From: Elroy8/7/2025 9:11:15 PM
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NGL Energy Partners LP Announces First Quarter Fiscal 2026 Financial Results

finance.yahoo.com

  • We repurchased $19.0 million of our outstanding 2032 Senior Notes at a discount

  • We repurchased 70,000 of our Class D preferred units during the quarter

  • Under the board authorized repurchase plan, we have repurchased a total of 4,665,343 common units at an average price of $4.30


Well, if they're purchasing common units for some reason, I think we can say that management doesn't expect the preferred stock to go into arrears again any time soon. The preferreds traded today around $20.60 for a $25 par value stock that pays 11.8%. I bought some.
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