---
schema_version: "secwatch.filing_event.v1"
accession: "0001504461-23-000002"
form_type: "8-K"
ticker: "NGL"
cik: "0001504461"
company_name: "NGL Energy Partners LP"
filed_at: "2023-01-03T23:59:59+00:00"
generated_at: "2026-06-20T20:50:27.584655+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001504461-23-000002
- form_type: 8-K
- ticker: NGL
- cik: 0001504461
- company_name: NGL Energy Partners LP
- filed_at: 2023-01-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504461/000150446123000002/0001504461-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504461/000150446123000002/ngl-20221230.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504461-23-000002
- JSON: https://secwatch.observer/filing/0001504461-23-000002.json
- Plain text: https://secwatch.observer/filing/0001504461-23-000002.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504461/000150446123000002/0001504461-23-000002-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504461/000150446123000002/0001504461-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.