NGL raises FY2023 Adj. EBITDA guidance to >$630M; reduces debt by $227M in Q3; appoints Brad Cooper CFO

NGL Energy Partners LP

FY2023 Adjusted EBITDA guidance raised from >$600M to >$630M; Water Solutions expected to contribute >$430M.
Debt reduced by ~$227M in fiscal Q3; total debt $3.258B as of Dec 31, 2022.
CFO Linda Bridges resigns effective Jan 13, 2023; Brad Cooper promoted to EVP and CFO.
Brad Cooper has over 20 years energy experience, previously VP Finance at WPX Energy.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Brad Cooper

Executive Vice President and Chief Financial Officer

NGL · NGL Energy Partners LP

Effective: 2023-01-13
Filed: January 3, 2023, 6:59 PM ET

On January 3, 2023, NGL Energy Partners LP (the “Partnership” or "NGL") announced the appointment of Brad Cooper to serve as the Executive Vice President and Chief Financial Officer of NGL Energy Holdings LLC (the “General Partner”), the general partner of the Partnership, effective January 13, 2023.

Departed

Linda Bridges

Executive Vice President and Chief Financial Officer

NGL · NGL Energy Partners LP

Effective: 2023-01-13
Successor: Brad Cooper
Filed: January 3, 2023, 6:59 PM ET

Linda Bridges, who notified the Partnership on December 30, 2022, that she has resigned from her position of Executive Vice President and Chief Financial Officer effective January 13, 2023 to pursue other interests.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Brad Cooper was appointed as Executive Vice President and Chief Financial Officer at NGL Energy Partners LP.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On January 3, 2023, NGL Energy Partners LP (the “Partnership” or "NGL") announced the appointment of Brad Cooper to serve as the Executive Vice President and Chief Financial Officer of NGL Energy Holdings LLC (the “General Partner”), the general partner of the Partnership, effective January 13, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Linda Bridges resigned as Executive Vice President and Chief Financial Officer at NGL Energy Partners LP.

Action: resigned
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Linda Bridges, who notified the Partnership on December 30, 2022, that she has resigned from her position of Executive Vice President and Chief Financial Officer effective January 13, 2023 to pursue other interests.

View on SEC.gov

NGL Energy Partners LP filing history →

Source: SEC EDGAR

accession 0001504461-23-000002

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