NGL Energy rises after 2023 EBITDA guidance hike

NGL Energy Partners LP

04/01/2023 13:59

** Shares of NGL Energy Partners LP  NGL.N  up 4.4%
premarket at $1.19
    ** NGL raises adjusted EBITDA guidance for 2023 to more than
$630 mln from over $600 mln previously 
    ** More than $430 mln of adjusted EBITDA is expected to be
generated from NGL's water solutions segment
    ** NGL says it has reduced debt by about $227 mln in Q3, now
has a debt balance of $3.258 bln
    ** Co also announces resignation of CFO Linda Bridges and
appointment of Brad Cooper as finance chief, effective Jan 13
    ** Cooper is currently serving as senior vice president of
administration and risk management
 (Reporting by Arshreet Singh in Bengaluru)