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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Total Revenues $ 1,387,259 $ 1,616,104
Total Cost of Sales 1,173,208 1,379,329
OPERATING COSTS AND EXPENSES:    
Operating 72,533 76,681
General and administrative 15,014 20,291
Depreciation and amortization 62,219 68,979
Gain on disposal or impairment of assets, net (10,666) (1,196)
Operating Income 74,951 72,020
OTHER INCOME (EXPENSE):    
Equity in earnings of unconsolidated entities 300 91
Interest expense (69,739) (59,522)
Gain on early extinguishment of liabilities, net 0 6,808
Other income, net 167 306
Income Before Income Taxes 5,679 19,703
INCOME TAX BENEFIT (EXPENSE) 4,796 (140)
Net Income 10,475 19,563
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS (792) (262)
NET INCOME ATTRIBUTABLE TO NGL ENERGY PARTNERS LP 9,683 19,301
NET LOSS ALLOCATED TO COMMON UNITHOLDERS (NOTE 3) $ (19,112) $ (14,482)
Limited Partner    
Basic loss per common unit $ (0.14) $ (0.11)
Diluted loss per common unit $ (0.14) $ (0.11)
BASIC WEIGHTED AVERAGE COMMON UNITS OUTSTANDING (in units) 132,512,766 131,927,343
DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING (in units) 132,512,766 131,927,343
Limited Partner    
BASIC WEIGHTED AVERAGE COMMON UNITS OUTSTANDING (in units) 132,512,766 131,927,343
DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING (in units) 132,512,766 131,927,343
Operating segment | Water Solutions    
Total Revenues $ 181,410 $ 181,302
Total Cost of Sales 1,000 2,569
OPERATING COSTS AND EXPENSES:    
Operating Income 84,358 69,331
Operating segment | Crude Oil Logistics    
Total Revenues 280,103 464,390
Total Cost of Sales 249,497 425,299
OPERATING COSTS AND EXPENSES:    
Operating Income 14,089 17,007
Operating segment | Liquids Logistics    
Total Revenues 925,746 970,412
Total Cost of Sales 922,711 947,247
OPERATING COSTS AND EXPENSES:    
Operating Income (11,550) 7,831
Corporate and other    
Total Cost of Sales 0 4,214
OPERATING COSTS AND EXPENSES:    
Operating Income $ (11,946) $ (22,149)