Slide 1: Investor Presentation
Investor Presentation May 2025 NYSE: NGL
Slide 2: Company Overview
Company Overview NGL Total EBITDA by Segment $661.7 MM(1) ▪ Provides water transportation, treating, recycling, and handling services for Water ▪ upstream customers Largest integrated water solutions network of injection wells and large 10% 8% Solutions diameter pipe in the Delaware Basin $542.0 MM
Slide 3: Recent Execution
Recent Execution May 5 2025 Announced non-core asset sales for a total of approximately $270 million. August 5 2024 We amended the Term Loan B agreement to reduce the SOFR margin from 4.5% to 3.75% April 25 2024 The final arrearage payment was made to the unit holders for all preferred classes (Clas
Slide 4: Delaware Water Solutions Business – Accomplishments
Delaware Water Solutions Business – Accomplishments NGL Water Solutions has materially transformed into the largest integrated water disposal system in the Delaware Basin underpinned by long term MVC and acreage dedications, with investment grade counterparties. Growing Production & Decreasing OPEX(
Slide 5: One-of-a-Kind Delaware Water Business
One-of-a-Kind Delaware Water Business NGL owns and operates the largest, integrated network of large diameter produced water pipelines (over 800 miles(1)) and disposal facilities (~5,100 MBbl/d of permitted disposal capacity) in the Delaware Basin Hub-and-Spoke system purpose-built to provide sign
Slide 6: Delaware Water Solutions Business - Competitive Advantages
Delaware Water Solutions Business- Competitive Advantages Long-Haul Pipeline Delaware Basin Overview Transportation Model NGL does not gather from the wellhead or have infield gathering obligations (producers build to NGL’s trunklines), which significantly reduces NGL’s capex spend vs. other competi
Slide 7: Investment Grade Customers Underpin NGL's Core Asset
Investment Grade Customers Underpin NGL’s Core Asset Preferred water solutions provider for leading oil and gas producers in the Delaware Basin FY 2025 Customers Type by Volume • Weighted average MVC contract life of ~10 years • ~1030 mbbl/d of minimum volume commitments (“MVCs”) Investment 5% Grade
Slide 8: Crude Oil Logistics Operations
Crude Oil Logistics Our Crude Oil Logistics segment purchases crude oil from producers and marketers and transports it to refineries for resale at pipeline injection stations, storage Operations: terminals, barge loading facilities, rail facilities, refineries, and other trade hubs, and provides sto
Slide 9: Liquids Logistics Operations
Liquids Logistics Ambassador Pipeline: Our Liquids Logistics segment purchases propane, butane, and other products from refiners, processing plants, Operations: producers and other parties, and sells the products to retailers, wholesalers, and refiners throughout the United States and Canada. Remain
Slide 10: Appendix
Appendix , cL Appendix N& Energy Partners LP
Slide 11: Water Solutions – Assets & Production
Water Solutions – Assets & Production Water Handling & Water Pipelines Recycling • Owned water pipelines and third- • 90 water handling facilities, 194 party connections to NGL facilities injection wells, ~6.5 million bpd • Over 800(1) miles of large diameter total permitted capacity water pipelines
Slide 12: Water Solutions – The Disposal Process
Water Solutions – The Disposal Process Water Tanks 1% Via Truck (1) Sand Tanks Gun Barrel Tanks Water 99% Via Pipeline(1) Skim Oil Tanks Skim Oil Oil is picked up and sold Water is piped to well and injected via horizontal pumps 12 1212 1. Percentages shown are for the Delaware Basin
Slide 13: FY'23 Adjusted EBITDA by Segment
FY’23 Adjusted EBITDA by Segment 13
Slide 14: FY'24 Adjusted EBITDA by Segment
FY’24 Adjusted EBITDA by Segment 14
Slide 15: FY'25 Adjusted EBITDA by Segment
FY’25 Adjusted EBITDA by Segment 15
Slide 16: Company Information
Company Information NGL ENERGY PARTNERS LP FORWARD LOOKING STATEMENTS This presentation includes “forward looking statements” within the meaning of NYSE Ticker NGL federal securities laws. All statements, other than statements of historical fact, included in this presentation are forward looking sta