NGL Energy Partners Steps Up Acquisitions Despite Steep Losses in Fiscal Second-Quarter 2015, Expects $500 Million Capex

SUGAR LAND--November 13, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--NGL Energy Partners LP (NYSE:NGL) (Tulsa, Oklahoma) incurred almost $16 million in net losses in the second quarter of its 2015 fiscal year, as steep costs related to acquisitions and crude-oil logistics operations negated revenues that more than tripled. Industrial Info is tracking $1.1 billion in active projects involving the Grand Mesa Pipeline, a joint venture between NGL and Rimrock Midstream LLC.

Within this article: Details on NGL Energy's quarter and the Grand Mesa Pipeline project, as well as the company's acquisition of commodities transporter TransMontaigne Incorporated.