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NGL Energy Partners launches $150M unit repurchase program

NGL Energy Partners LP's board authorized a program to repurchase up to $150 million of the company's outstanding units.

The company may repurchase units from time to time in the open market or in privately negotiated transactions, subject to market conditions, until Sept. 30, 2021, according to an Aug. 30 news release.

The repurchases may be commenced or suspended at any time without prior notice.

NGL Energy Partners owns and operates an integrated business with four main businesses focused on crude oil logistics, water solutions, NGLs and refined products and renewables.