NGL Energy Reports Steep Drop in Net Income, Expects $500 Million Growth Capex for Fiscal 2016

SUGAR LAND--June 2, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Full-service midstream provider NGL Energy Partners LP (NYSE:NGL) (Tulsa, Oklahoma) reported net income of $29.9 million for the fiscal year ended March 31, down 39% from fiscal-year 2014. The company contended with adverse markets, a 50% decline in crude oil prices and underutilized storage assets, officials at the company said. Industrial Info is tracking $1.27 billion in active NGL Energy projects.

Within this article: Details on NGL Energy's fiscal year and projects, including those related to the Grand Mesa Pipeline.