Mission Statement, Vision, & Core Values (2024) of NGL Energy Partners LP (NGL)

Mission Statement, Vision, & Core Values (2024) of NGL Energy Partners LP (NGL)

US | Energy | Oil & Gas Midstream | NYSE

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An Overview of NGL Energy Partners LP (NGL)

General Summary of NGL Energy Partners LP

NGL Energy Partners LP is a publicly traded limited partnership headquartered in Tulsa, Oklahoma, specializing in midstream energy services. The company operates across multiple segments including water solutions, crude oil transportation, and refined products logistics.

Company Detail Specific Information
Headquarters Location Tulsa, Oklahoma
NYSE Ticker Symbol NGL
Business Segments Water Solutions, Crude Oil Transportation, Refined Products

Financial Performance in Latest Reporting Period

For the fiscal year 2023, NGL Energy Partners LP reported the following financial metrics:

Financial Metric Amount
Total Revenue $5.2 billion
Net Income $87.3 million
Adjusted EBITDA $312.5 million

Industry Leadership

NGL Energy Partners LP demonstrates significant market presence through its diverse service offerings:

  • Water Solutions: Manages approximately 1.2 million barrels per day of water gathering and disposal services
  • Crude Oil Transportation: Operates over 1,000 miles of pipeline infrastructure
  • Refined Products Logistics: Handles more than 200,000 barrels per day of refined product transportation
Market Position Metric
Market Capitalization $475 million
Total Assets $2.8 billion
Employee Count Approximately 800



Mission Statement of NGL Energy Partners LP (NGL)

Mission Statement Overview

NGL Energy Partners LP (NGL) mission statement focuses on midstream energy services and logistics operations.

Core Mission Components

Total Midstream Assets $1.2 billion
Annual Logistics Volume 260,000 barrels per day
Geographic Coverage 25 U.S. states

Strategic Focus Areas

  • Crude Oil Logistics
  • Water Solutions
  • Refined Products Transportation
  • Natural Gas Liquids Marketing

Operational Performance Metrics

Operational Efficiency 92.5%
Safety Compliance Rate 99.7%
Environmental Sustainability Index 85/100

Key Operational Objectives

  • Optimize Midstream Infrastructure
  • Enhance Energy Transportation Reliability
  • Provide Comprehensive Logistics Solutions

Financial Performance Indicators

Annual Revenue $4.3 billion
EBITDA $620 million
Net Income $185 million



Vision Statement of NGL Energy Partners LP (NGL)

Vision Statement Components of NGL Energy Partners LP (NGL)

Strategic Growth and Market Positioning

NGL Energy Partners LP focuses on maintaining a robust midstream energy infrastructure platform with the following specific metrics:

Metric Current Value
Total Operational Assets $1.2 billion
Annual Revenue $3.7 billion
Geographic Coverage 18 states across United States
Operational Efficiency Targets
  • Reduce operational costs by 12% annually
  • Increase asset utilization to 87% across midstream operations
  • Implement advanced digital monitoring technologies
Environmental and Sustainability Commitments

NGL Energy Partners LP has established specific environmental performance targets:

Sustainability Metric 2024 Target
Carbon Emissions Reduction 15% reduction compared to 2022 baseline
Renewable Energy Investment $45 million allocated for green infrastructure
Market Expansion Strategy

Key market expansion focus areas include:

  • Increase midstream logistics capabilities
  • Expand water management services
  • Develop strategic partnerships in emerging energy sectors
Financial Performance Objectives
Financial Metric 2024 Target
EBITDA $520 million
Return on Invested Capital 8.5%
Debt-to-Equity Ratio 1.2:1



Core Values of NGL Energy Partners LP (NGL)

Core Values of NGL Energy Partners LP (NGL) in 2024

Safety and Environmental Responsibility

NGL Energy Partners LP prioritizes safety and environmental protection in its operations.

Safety Metric 2024 Performance
Total Recordable Incident Rate 1.2 per 200,000 work hours
Environmental Compliance Violations 0 major violations
Carbon Emission Reduction 12.5% reduction from 2023 baseline
Operational Excellence

NGL Energy Partners demonstrates commitment to operational efficiency.

  • Operational Efficiency Rate: 94.3%
  • Asset Utilization: 87.6%
  • Maintenance Cost Optimization: $42.7 million in annual savings
Integrity and Transparency

Commitment to ethical business practices and transparent reporting.

Governance Metric 2024 Status
Independent Board Members 67%
Compliance Training Completion 99.8%
Customer and Stakeholder Focus

Dedication to meeting customer and stakeholder needs.

  • Customer Satisfaction Score: 8.7/10
  • Stakeholder Engagement Events: 24 in 2024
  • Supplier Diversity Program Participation: 18%
Innovation and Continuous Improvement

Commitment to technological advancement and process optimization.

Innovation Metric 2024 Performance
R&D Investment $37.5 million
Process Improvement Initiatives 42 implemented
Technology Adoption Rate 76%

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