2019 Q3 Form 10-Q Financial Statement

#000150446119000047 Filed on August 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2019 Q2 2018 Q2
Revenue $1.804B $1.872B $2.055B
YoY Change -18.57% -8.91% 50.93%
Cost Of Revenue $1.589B $1.690B $1.947B
YoY Change -22.53% -13.18% 60.0%
Gross Profit $215.1M $182.0M $108.4M
YoY Change 30.99% 67.88% -25.21%
Gross Profit Margin 11.92% 9.72% 5.27%
Selling, General & Admin $43.90M $20.30M $22.30M
YoY Change 11.7% -8.97% -0.45%
% of Gross Profit 20.41% 11.16% 20.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $65.58M $56.12M $55.94M
YoY Change 18.89% 0.32% -1.41%
% of Gross Profit 30.48% 30.84% 51.61%
Operating Expenses $183.2M $136.7M $130.7M
YoY Change 21.81% 4.59% 5.66%
Operating Profit $30.12M $47.52M -$84.55M
YoY Change 109.9% -156.2% 860.95%
Interest Expense $45.02M $39.88M $46.27M
YoY Change 8.85% -13.81% -5.78%
% of Operating Profit 149.48% 83.92%
Other Income/Expense, Net $183.0K $1.010M -$33.74M
YoY Change -85.93% -102.99% -2000.96%
Pretax Income -$14.98M $8.661M -$164.5M
YoY Change -40.85% -105.27% 185.59%
Income Tax $640.0K -$321.0K $651.0K
% Of Pretax Income -3.71%
Net Earnings -$201.2M $8.307M -$168.5M
YoY Change -156.61% -104.93% 166.0%
Net Earnings / Revenue -11.15% 0.44% -8.2%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.584M $65.93K -$1.379M
COMMON SHARES
Basic Shares Outstanding 126.2M shares 126.0M shares 121.6M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q3 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.20M $27.50M $13.70M
YoY Change -41.76% 100.73% -29.74%
Cash & Equivalents $21.15M $27.50M $13.68M
Short-Term Investments
Other Short-Term Assets $199.0M $178.7M $650.1M
YoY Change 24.69% -72.51% 571.59%
Inventory $308.8M $519.6M $600.5M
Prepaid Expenses
Receivables $987.9M $912.0M $1.097B
Other Receivables $14.30M $11.50M $8.800M
Total Short-Term Assets $1.531B $1.649B $2.370B
YoY Change -32.24% -30.4% 77.67%
LONG-TERM ASSETS
Property, Plant & Equipment $2.486B $2.016B $1.604B
YoY Change 45.66% 25.62% -9.33%
Goodwill $1.176B $1.153B $1.263B
YoY Change -7.52% -8.71% -13.0%
Intangibles $1.195B $931.7M $907.5M
YoY Change 23.54% 2.66% -19.69%
Long-Term Investments $1.445M $1.585M $1.995M
YoY Change 80.63% -20.55% -98.96%
Other Assets $71.76M $125.7M $175.1M
YoY Change -59.26% -28.2% -26.7%
Total Long-Term Assets $5.133B $4.746B $3.954B
YoY Change 24.41% 20.01% -17.36%
TOTAL ASSETS
Total Short-Term Assets $1.531B $1.649B $2.370B
Total Long-Term Assets $5.133B $4.746B $3.954B
Total Assets $6.664B $6.395B $6.324B
YoY Change 4.36% 1.12% 3.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $842.1M $814.1M $836.2M
YoY Change -19.45% -2.64% 60.15%
Accrued Expenses $136.9M $162.8M $83.30M
YoY Change 54.34% 95.44% -28.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $600.0K $600.0K $600.0K
YoY Change -99.92% 0.0% -98.6%
Total Short-Term Liabilities $1.299B $1.157B $1.165B
YoY Change -38.21% -0.65% 42.66%
LONG-TERM LIABILITIES
Long-Term Debt $2.773B $2.587B $3.032B
YoY Change 52.72% -14.69% 6.99%
Other Long-Term Liabilities $64.49M $61.17M $63.54M
YoY Change -25.36% -3.74% -64.01%
Total Long-Term Liabilities $64.49M $61.17M $63.54M
YoY Change -25.36% -3.74% -64.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.299B $1.157B $1.165B
Total Long-Term Liabilities $64.49M $61.17M $63.54M
Total Liabilities $1.363B $1.219B $1.229B
YoY Change -37.7% -0.81% 23.7%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.338B $2.092B $1.984B
YoY Change
Total Liabilities & Shareholders Equity $6.664B $6.395B $6.324B
YoY Change 4.36% 1.12% 3.35%

Cashflow Statement

Concept 2019 Q3 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income -$201.2M $8.307M -$168.5M
YoY Change -156.61% -104.93% 166.0%
Depreciation, Depletion And Amortization $65.58M $56.12M $55.94M
YoY Change 18.89% 0.32% -1.41%
Cash From Operating Activities -$74.40M $69.89M -$41.15M
YoY Change 58.97% -269.87% -4251.87%
INVESTING ACTIVITIES
Capital Expenditures -$103.7M -$155.4M -$72.70M
YoY Change -14.16% 113.76% 163.41%
Acquisitions $54.55M $116.6M
YoY Change -53.21% 485.98%
Other Investing Activities -$330.2M -$43.90M -$174.8M
YoY Change -143.59% -74.89% -1050.0%
Cash From Investing Activities -$434.0M -$199.2M -$247.5M
YoY Change -168.16% -19.5% 2590.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 502.0M $138.3M $280.3M
YoY Change -188.49% -50.66% 1708.9%
NET CHANGE
Cash From Operating Activities -74.40M $69.89M -$41.15M
Cash From Investing Activities -434.0M -$199.2M -$247.5M
Cash From Financing Activities 502.0M $138.3M $280.3M
Net Change In Cash -6.400M $8.929M -$8.412M
YoY Change -128.32% -206.15% -215.49%
FREE CASH FLOW
Cash From Operating Activities -$74.40M $69.89M -$41.15M
Capital Expenditures -$103.7M -$155.4M -$72.70M
Free Cash Flow $29.30M $225.3M $31.56M
YoY Change -60.41% 613.97% 10.37%

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Organization and Operations<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">NGL Energy Partners LP (“we,” “us,” “our,” or the “Partnership”) is </span><span style="font-family:inherit;font-size:10pt;">a Delaware limited partnership</span><span style="font-family:inherit;font-size:10pt;">. </span><span style="font-family:inherit;font-size:10pt;">NGL Energy Holdings LLC serves as our general partner.</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">At</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">June 30, 2019</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">our operations included:</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our Crude Oil Logistics segment purchases crude oil from producers and marketers and transports it to refineries or for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs, and provides storage, terminaling, trucking, marine and pipeline transportation services through its owned assets.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our Water Solutions segment provides services for the treatment and disposal of wastewater generated from crude oil and natural gas production and for the disposal of solids such as tank bottoms, drilling fluids and drilling muds and performs truck and frac tank washouts. In addition, our Water Solutions segment sells the recovered hydrocarbons that result from performing these services and sells freshwater to producers for exploration and production activities.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our Liquids segment supplies natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants throughout the United States and in Canada using its leased underground storage and fleet of leased railcars, markets regionally through its</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;"><span>27</span></span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">owned terminals throughout the United States, and provides terminaling and storage services at its salt dome storage facility joint venture in Utah.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our Refined Products and Renewables segment conducts gasoline, diesel, ethanol, and biodiesel marketing operations, purchases refined petroleum and renewable products primarily in the Gulf Coast, Southeast and Midwest regions of the United States and schedules them for delivery at various locations throughout the country. In addition, in certain storage locations, our Refined Products and Renewables segment may also purchase unfinished gasoline blending components for subsequent blending into finished gasoline to supply our marketing business as well as third parties.</span></div></td></tr></table><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Developments</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As previously disclosed, on July 10, 2018, we completed the sale of virtually all of our remaining Retail Propane segment to Superior Plus Corp. (“Superior”)</span><span style="font-family:inherit;font-size:10pt;"> for total consideration of </span><span style="font-family:inherit;font-size:10pt;"><span>$889.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> in cash. We retained our </span><span style="font-family:inherit;font-size:10pt;"><span>50%</span></span><span style="font-family:inherit;font-size:10pt;"> ownership interest in Victory Propane, LLC (“Victory Propane”), which we subsequently sold on August 14, 2018. This transaction represented a strategic shift in our operations and will have a significant effect on our operations and financial results going forward. Accordingly, the results of operations and cash flows related to our former Retail Propane segment (including equity in earnings of Victory Propane) have been classified as discontinued operations for all periods presented and prior periods have been retrospectively adjusted in the unaudited condensed consolidated statements of operations and unaudited condensed consolidated statements of cash flows.</span></div>
CY2018Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
CY2019Q2 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amount of assets and liabilities reported at the date of the consolidated financial statements and the amount of revenues and expenses reported during the periods presented.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Critical estimates we make in the preparation of our unaudited condensed consolidated financial statements include, among others, determining the fair value of assets and liabilities acquired in acquisitions, the fair value of derivative instruments, the collectibility of accounts receivable, the recoverability of inventories, useful lives and recoverability of property, plant and equipment and amortizable intangible assets, the impairment of long-lived assets and goodwill, the fair value of asset retirement obligations, the value of equity-based compensation, accruals for environmental matters and estimating certain revenues. Although we believe these estimates are reasonable, actual results could differ from those estimates.</span></div>
CY2019Q1 ngl Energy Related Inventory Gasoline
EnergyRelatedInventoryGasoline
189802000 USD
CY2019Q2 ngl Energy Related Inventory Diesel
EnergyRelatedInventoryDiesel
148581000 USD
CY2019Q1 ngl Energy Related Inventory Diesel
EnergyRelatedInventoryDiesel
103935000 USD
CY2019Q2 ngl Energy Related Inventory Ethanol
EnergyRelatedInventoryEthanol
56513000 USD
CY2019Q1 ngl Energy Related Inventory Ethanol
EnergyRelatedInventoryEthanol
51542000 USD
CY2019Q2 ngl Energy Related Inventory Biodiesel
EnergyRelatedInventoryBiodiesel
5825000 USD
CY2019Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
32049000 USD
CY2019Q1 ngl Energy Related Inventory Biodiesel
EnergyRelatedInventoryBiodiesel
10251000 USD
CY2019Q2 us-gaap Inventory Net
InventoryNet
519603000 USD
CY2019Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
39451000 USD
CY2019Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
125741000 USD
CY2019Q2 us-gaap Energy Related Inventory Petroleum
EnergyRelatedInventoryPetroleum
65618000 USD
CY2019Q1 us-gaap Energy Related Inventory Petroleum
EnergyRelatedInventoryPetroleum
51359000 USD
CY2019Q2 us-gaap Energy Related Inventory Propane Gas
EnergyRelatedInventoryPropaneGas
38436000 USD
CY2019Q1 us-gaap Energy Related Inventory Propane Gas
EnergyRelatedInventoryPropaneGas
33478000 USD
CY2019Q2 ngl Energy Related Inventory Butane
EnergyRelatedInventoryButane
25099000 USD
CY2019Q1 ngl Energy Related Inventory Butane
EnergyRelatedInventoryButane
15294000 USD
CY2019Q2 ngl Energy Related Inventory Other Natural Gas Liquids
EnergyRelatedInventoryOtherNaturalGasLiquids
5604000 USD
CY2019Q1 ngl Energy Related Inventory Other Natural Gas Liquids
EnergyRelatedInventoryOtherNaturalGasLiquids
7482000 USD
CY2019Q2 ngl Energy Related Inventory Gasoline
EnergyRelatedInventoryGasoline
173927000 USD
CY2019Q1 us-gaap Inventory Net
InventoryNet
463143000 USD
CY2019Q2 us-gaap Equity Method Investments
EquityMethodInvestments
1585000 USD
CY2019Q1 us-gaap Equity Method Investments
EquityMethodInvestments
1127000 USD
CY2019Q2 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
16107000 USD
CY2019Q1 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
19474000 USD
CY2019Q2 ngl Other Assets Line Fill Noncurrent
OtherAssetsLineFillNoncurrent
33437000 USD
CY2019Q1 ngl Other Assets Line Fill Noncurrent
OtherAssetsLineFillNoncurrent
33437000 USD
CY2019Q2 ngl Other Assets Tank Bottoms Noncurrent
OtherAssetsTankBottomsNoncurrent
44148000 USD
CY2019Q1 ngl Other Assets Tank Bottoms Noncurrent
OtherAssetsTankBottomsNoncurrent
44148000 USD
CY2019Q2 ngl Pipeline Commitments Minimum Shipping Fees Noncurrent
PipelineCommitmentsMinimumShippingFeesNoncurrent
0 USD
CY2019Q1 ngl Pipeline Commitments Minimum Shipping Fees Noncurrent
PipelineCommitmentsMinimumShippingFeesNoncurrent
23494000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
160004000 USD
CY2019Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
26400000 USD
CY2019Q2 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
13000000.0 USD
CY2019Q2 ngl Numberof Barrelsof Refined Product
NumberofBarrelsofRefinedProduct
389737 bbl
CY2019Q1 ngl Numberof Barrelsof Refined Product
NumberofBarrelsofRefinedProduct
389737 bbl
CY2019Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
18721000 USD
CY2019Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
19558000 USD
CY2019Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
40985000 USD
CY2019Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
40339000 USD
CY2019Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
60402000 USD
CY2019Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
100372000 USD
CY2019Q2 us-gaap Interest Payable Current
InterestPayableCurrent
26120000 USD
CY2019Q1 us-gaap Interest Payable Current
InterestPayableCurrent
24882000 USD
CY2019Q2 ngl Product Exchange Liabilities Current
ProductExchangeLiabilitiesCurrent
27116000 USD
CY2019Q1 ngl Product Exchange Liabilities Current
ProductExchangeLiabilitiesCurrent
21081000 USD
CY2019Q2 us-gaap Litigation Reserve
LitigationReserve
12500000 USD
CY2019Q1 us-gaap Litigation Reserve
LitigationReserve
12500000 USD
CY2019Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
28399000 USD
CY2019Q1 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
29718000 USD
CY2019Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
214243000 USD
CY2019Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
248450000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-165133000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-268000 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-345000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
8307000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-164788000 USD
CY2019Q2 us-gaap Reclassifications
Reclassifications
<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We have reclassified certain prior period financial statement information to be consistent with the classification methods used in the current fiscal year. These reclassifications did not impact previously reported amounts of assets, liabilities, equity, net income, or cash flows.</span></div>
CY2019Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
8039000 USD
CY2019Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
129460000 USD
CY2018Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
20157000 USD
CY2019Q2 ngl Net Income Loss From Continuing Operations Allocated To General Partner
NetIncomeLossFromContinuingOperationsAllocatedToGeneralPartner
85000 USD
CY2018Q2 ngl Net Income Loss From Continuing Operations Allocated To General Partner
NetIncomeLossFromContinuingOperationsAllocatedToGeneralPartner
151000 USD
CY2019Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-121068000 USD
CY2018Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-184794000 USD
CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-4156000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
0 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-398000 USD
CY2019Q2 ngl Net Income Loss From Discontinued Operations Allocated To General Partner
NetIncomeLossFromDiscontinuedOperationsAllocatedToGeneralPartner
0 USD
CY2018Q2 ngl Net Income Loss From Discontinued Operations Allocated To General Partner
NetIncomeLossFromDiscontinuedOperationsAllocatedToGeneralPartner
4000 USD
CY2019Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 USD
CY2018Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
149000 USD
CY2019Q2 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
0 USD
CY2018Q2 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
-3754000 USD
CY2019Q2 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-121068000 USD
CY2018Q2 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-188548000 USD
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2458386000 USD
CY2019Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2264855000 USD
CY2019Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
442868000 USD
CY2019Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
420362000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2015518000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1844493000 USD
CY2019Q2 us-gaap Depreciation
Depreciation
25821000 USD
CY2018Q2 us-gaap Depreciation
Depreciation
24729000 USD
CY2019Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-488000 USD
CY2018Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
424000 USD
CY2019Q1 us-gaap Goodwill
Goodwill
1145861000 USD
CY2019Q2 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
4755000 USD
CY2019Q2 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2413000 USD
CY2019Q2 us-gaap Goodwill
Goodwill
1153029000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1484216000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
555307000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
928909000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1459792000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
524257000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
935535000 USD
CY2019Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1487016000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
555307000 USD
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
931709000 USD
CY2019Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1462592000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
524257000 USD
CY2019Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
938335000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P13Y7M6D
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
31185000 USD
CY2018Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29974000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
93141000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
112212000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
99373000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
91351000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
85211000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
447621000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
928909000 USD
CY2019Q2 ngl Debtand Capital Lease Obligations Face Amount
DebtandCapitalLeaseObligationsFaceAmount
2606628000 USD
CY2019Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
19025000 USD
CY2019Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
2587603000 USD
CY2019Q1 ngl Debtand Capital Lease Obligations Face Amount
DebtandCapitalLeaseObligationsFaceAmount
2172789000 USD
CY2019Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
12008000 USD
CY2019Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
2160781000 USD
CY2019Q2 ngl Longterm Debtand Capital Lease Obligations Current Face Amount
LongtermDebtandCapitalLeaseObligationsCurrentFaceAmount
649000 USD
CY2019Q2 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
0 USD
CY2019Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
649000 USD
CY2019Q1 ngl Longterm Debtand Capital Lease Obligations Current Face Amount
LongtermDebtandCapitalLeaseObligationsCurrentFaceAmount
648000 USD
CY2019Q1 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
0 USD
CY2019Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
648000 USD
CY2019Q2 ngl Longterm Debtand Capital Lease Obligations Face Amount
LongtermDebtandCapitalLeaseObligationsFaceAmount
2605979000 USD
CY2019Q2 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
19025000 USD
CY2019Q1 ngl Longterm Debtand Capital Lease Obligations Face Amount
LongtermDebtandCapitalLeaseObligationsFaceAmount
2172141000 USD
CY2019Q1 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
12008000 USD
CY2019Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2160133000 USD
CY2019Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
800000 USD
CY2018Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1200000 USD
CY2019Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2586954000 USD
CY2019Q2 ngl Future Amortizationof Debt Issuance Costs Remainderof Fiscal Year
FutureAmortizationofDebtIssuanceCostsRemainderofFiscalYear
2618000 USD
CY2019Q2 ngl Future Amortizationof Debt Issuance Costs Year Two
FutureAmortizationofDebtIssuanceCostsYearTwo
3488000 USD
CY2019Q2 ngl Future Amortizationof Debt Issuance Costs Year Three
FutureAmortizationofDebtIssuanceCostsYearThree
3488000 USD
CY2019Q2 ngl Future Amortizationof Debt Issuance Costs Year Four
FutureAmortizationofDebtIssuanceCostsYearFour
3488000 USD
CY2019Q2 ngl Future Amortizationof Debt Issuance Costs Year Five
FutureAmortizationofDebtIssuanceCostsYearFive
2864000 USD
CY2019Q2 ngl Future Amortizationof Debt Issuance Costs After Year Five
FutureAmortizationofDebtIssuanceCostsAfterYearFive
3079000 USD
CY2019Q2 ngl Future Amortizationof Debt Issuance Costs
FutureAmortizationofDebtIssuanceCosts
19025000 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
486000 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
4684000 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1155000000 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
607323000 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
839135000 USD
CY2019Q2 us-gaap Long Term Debt
LongTermDebt
2606628000 USD
CY2019Q2 us-gaap Loss Contingency Range Of Possible Loss Portion Not Accrued
LossContingencyRangeOfPossibleLossPortionNotAccrued
4000000.0 USD
CY2019Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
2500000 USD
CY2019Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2400000 USD
CY2019Q2 ngl Litigation Settlement Cash Portion
LitigationSettlementCashPortion
25000000.0 USD
CY2019Q2 ngl Litigation Settlement Renewable Identification Numbers
LitigationSettlementRenewableIdentificationNumbers
36000000
CY2019 us-gaap Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
12500000 USD
CY2019Q1 ngl Litigation Settlement Renewable Identification Numbers
LitigationSettlementRenewableIdentificationNumbers
36000000
CY2019Q2 us-gaap Litigation Reserve
LitigationReserve
12500000 USD
CY2019Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
9723000 USD
CY2019Q2 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
294000 USD
CY2019Q2 ngl Asset Retirement Obligation Liabilities Assumedin Acquisitions
AssetRetirementObligationLiabilitiesAssumedinAcquisitions
427000 USD
CY2019Q2 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
195000 USD
CY2019Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
10639000 USD
CY2019Q2 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
10031000 USD
CY2019Q2 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
10757000 USD
CY2019Q2 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
7992000 USD
CY2019Q2 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
5603000 USD
CY2019Q2 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
4476000 USD
CY2019Q2 us-gaap Other Commitment Due After Fifth Year
OtherCommitmentDueAfterFifthYear
679000 USD
CY2019Q2 us-gaap Other Commitment
OtherCommitment
39538000 USD
CY2019Q2 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
11400000 USD
CY2019Q2 us-gaap General Partners Capital Account Units Issued
GeneralPartnersCapitalAccountUnitsIssued
1460 shares
CY2019Q2 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.3900
CY2019Q2 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
49127000 USD
CY2019Q2 us-gaap General Partner Distributions
GeneralPartnerDistributions
85000 USD
CY2019Q2 us-gaap Price Risk Derivatives At Fair Value Net
PriceRiskDerivativesAtFairValueNet
45968000 USD
CY2019Q2 ngl Derivative Collateral Obligation To Return Right To Reclaim Cash
DerivativeCollateralObligationToReturnRightToReclaimCash
15915000 USD
CY2019Q2 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
30053000 USD
CY2019Q1 us-gaap Price Risk Derivatives At Fair Value Net
PriceRiskDerivativesAtFairValueNet
28457000 USD
CY2019Q1 ngl Derivative Collateral Obligation To Return Right To Reclaim Cash
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224997000 USD
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Assets
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CY2019Q2 us-gaap Revenue Remaining Performance Obligation
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CY2019Q2 us-gaap Revenue Remaining Performance Obligation
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CY2019Q2 us-gaap Revenue Remaining Performance Obligation
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2707000 USD
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962000000 USD
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5069000 USD
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163000 USD
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771000 USD
CY2018Q2 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
169000 USD
CY2018Q2 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
53905000 USD
CY2018Q2 us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
14988000 USD
CY2018Q2 ngl Paymentsfor Settlementand Early Extinguishmentof Liabilities
PaymentsforSettlementandEarlyExtinguishmentofLiabilities
1195000 USD
CY2018Q2 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
280578000 USD
CY2018Q2 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-325000 USD
CY2018Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
280253000 USD
CY2018Q2 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-8412000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22094000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13682000 USD

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