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TULSA, OK—H. Michael Krimbill, the Chief Executive Officer of NGL Energy Partners LP (NYSE:NGL), has significantly increased his holdings in the company through a series of recent transactions. According to a recent SEC filing, Krimbill acquired a total of 99,000 common units over two days, with a total purchase value of approximately $462,554. The timing of these purchases coincides with the stock’s notable 11.9% gain over the past week, according to InvestingPro data.
The transactions occurred on February 13 and 14, 2025, with purchase prices ranging from $4.323 to $4.7967 per unit. With the stock currently trading at $4.89, this acquisition reflects Krimbill’s continued confidence in the company’s prospects, despite InvestingPro analysis indicating challenging fundamentals, including weak profit margins and projected sales decline.
Following these transactions, Krimbill now holds a substantial number of units both directly and indirectly through various entities. His direct ownership includes 2,978,615 common units, while indirect holdings under Krimbill Enterprises LP and related entities account for additional shares.
These transactions are part of Krimbill’s ongoing investment strategy, further aligning his interests with those of NGL Energy Partners’ shareholders.
In other recent news, NGL Energy Partners LP reported lower than expected earnings and revenue for the third quarter of 2025. The company’s earnings per share (EPS) came in at -$0.12, a significant miss compared to the forecasted $0.19. Additionally, NGL Energy’s revenue was $1.55 billion, falling short of the anticipated $1.71 billion. In response to these results, the company revised its full-year EBITDA guidance to $620 million.
On a strategic level, NGL Energy has made important divestments, including the sale of 17 natural gas liquids terminals, as part of its shift towards becoming a Water Solutions partnership. Despite a slight decrease in consolidated adjusted EBITDA for Q3 2025, the company reported a 5% year-over-year increase when excluding the impact of biodiesel.
These developments underscore NGL Energy’s ongoing efforts to refine its business strategy and improve its financial performance. Amid these changes, the company continues to explore further asset sales and aims to reduce leverage and improve cash flow predictability. As these recent developments unfold, investors are likely to watch for how these strategic moves impact the company’s future performance.
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