Ngl Energy Partners Lp · NYSE:NGL
Ngl Energy Partners Lp — Q4 2026 Earnings Presentation
15 slides from Ngl Energy Partners Lp's earnings presentation, May 28, 2026
Slide 1: Investor Presentation
Investor Presentation May 2026 NYSE: 1 NGL
Slide 2: Company Overview
Company Overview NGL Total EBITDA by ▪ Provides water transportation, treating, recycling, and handling services Segment $187.8 MM(1) for upstream customers Water ▪ Largest integrated water solutions network of injection wells and large 9% 9% Solutions ▪ diameter pipe in the Delaware Basin Predictab
Slide 3: Recent Execution
Recent Execution March 18, 2026 Repurchased 196,005 Class D preferred units for a total of October 17, 2025 284,511 Class D preferred units Repurchased 88,506 of the repurchased, which represents 600,000 outstanding Class D approximately 47% of the preferred units, as of this date, outstanding units
Slide 4: Water Solutions Business - Accomplishments
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 (1) Dedic
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 (~840 miles(1)) and disposal facilities (~5,400 MBbl/d of permitted disposal capacity) in the Delaware Basin Hub-and-Spoke system purpose-built to provide signific
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 competit
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 2026 Customers Type by Volume • Weighted average MVC contract life of ~10 years Investment 4% Grade • ~1550 mbbl/d of minimum volume commitments (“MVCs”)
Slide 8: Operations: Crude Oil Logistics
Crude Oil Logistics Our Crude Oil Logistics segment sources crude oil from producers and marketers and transports it to refineries or resale points, including pipeline injection Operations: stations, storage terminals, barge loading facilities, rail facilities, refineries, and other key market hubs.
Slide 9: Liquids Logistics Operations
Liquids Logistics Ambassador Pipeline: Our Liquids Logistics segment procures butane, propane, and other related products from refiners, processing facilities, Operations: producers, and various third parties, and markets these products to commercial, retail, and industrial customers across the Unit
Slide 10: Appendix
Appendix Appendix 10
Slide 11: Delaware Water Solutions Business-Competitive Advantages
Delaware Water Solutions Business-Competitive Advantages Water Pipelines Pore Space Inventory Water Handling & Recycling • In the past year, NGL secured • Owned water pipelines and third- 1mmbpd in Andrews County, Texas • 91 water handling facilities, 202 party connections to NGL facilities (>5mmbpd
Slide 12: FY’26 Adjusted EBITDA by Segment
FY’26 Adjusted EBITDA by Segment 12 12
Slide 13: FY’25 Adjusted EBITDA by Segment
FY’25 Adjusted EBITDA by Segment 13 13
Slide 14: FY’24 Adjusted EBITDA by Segment
FY’24 Adjusted EBITDA by Segment 14 14
Slide 15: 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