NGL Energy Partners Announces $100M Unit Buyback

The energy company will repurchase up to $100 million in common units.

Apr. 9, 2026 at 12:14pm

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A photorealistic studio still-life image featuring a stack of clean, crisp financial documents and a metal pen on a neutral background, conceptually representing a corporate financial transaction.NGL Energy Partners' $100 million unit buyback program signals the company's financial strength and commitment to shareholder value.Today in Tulsa

NGL Energy Partners LP, a Tulsa-based energy company, has announced a $100 million common unit repurchase program. The program will allow the company to buy back up to $100 million worth of its own common units on the open market over an unspecified period of time.

Why it matters

Unit buybacks are a common way for publicly traded companies to return capital to shareholders and boost the value of remaining shares. This move by NGL Energy Partners signals confidence in the company's financial position and outlook.

The details

The $100 million repurchase program will allow NGL Energy Partners to buy back its own common units on the open market. The company said the timing and amount of any unit repurchases will depend on market conditions, unit price, and other factors.

  • NGL Energy Partners announced the $100 million unit repurchase program on April 9, 2026.

The players

NGL Energy Partners LP

A Tulsa, Oklahoma-based energy company that provides midstream services and retail propane.

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The takeaway

The buyback program demonstrates NGL Energy Partners' confidence in its financial position and ability to return capital to shareholders, which could help boost the company's unit price.