secwatch.observer — SEC 8-K summary
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Issuer:     NGL Energy Partners LP (NGL)
CIK:        0001504461
Form:       8-K
Filed at:   2023-01-03T23:59:59+00:00
Accession:  0001504461-23-000002
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504461/000150446123000002/0001504461-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504461/000150446123000002/ngl-20221230.htm
  HTML page:      https://secwatch.observer/filing/0001504461-23-000002

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