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NGL Energy Partners LP (NGL Energy Partners LP) Long-Term Capital Lease Obligation : $71 Mil (As of Dec. 2023)


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What is NGL Energy Partners LP Long-Term Capital Lease Obligation?

NGL Energy Partners LP's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $71 Mil.

NGL Energy Partners LP's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($65 Mil) to Sep. 2023 ($64 Mil) but then increased from Sep. 2023 ($64 Mil) to Dec. 2023 ($71 Mil).

NGL Energy Partners LP's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($104 Mil) to Mar. 2022 ($73 Mil) and declined from Mar. 2022 ($73 Mil) to Mar. 2023 ($58 Mil).


NGL Energy Partners LP Long-Term Capital Lease Obligation Historical Data

The historical data trend for NGL Energy Partners LP's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NGL Energy Partners LP Long-Term Capital Lease Obligation Chart

NGL Energy Partners LP Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 121.01 103.64 72.78 58.45

NGL Energy Partners LP Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 53.52 58.45 65.00 63.98 70.83

NGL Energy Partners LP  (NYSE:NGL) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

NGL Energy Partners LP Long-Term Capital Lease Obligation Related Terms

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NGL Energy Partners LP (NGL Energy Partners LP) Business Description

Industry
Traded in Other Exchanges
Address
6120 South Yale Avenue, Suite 805, Tulsa, OK, USA, 74136
NGL Energy Partners LP is a us-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, and Liquids Logistics. It operates crude oil storage terminals, and owns pipeline injection stations and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, and for the disposal of solids, such as tank bottoms and drilling fluids. The firm also supplies natural gas liquids to retailers, wholesalers, refiners and petrochemical plants and sells propane and distillates.
Executives
Bradley P Cooper officer: CFO & EVP 6120 S YALE AVE SUITE 805, TULSA OK 74136
H Michael Krimbill director, officer: CEO 8801 S YALE STE 310, TULSA OK 74137
Derek S Reiners director 100 W. 5TH ST., TULSA OK 74103
James M Collingsworth director 1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
John Ciolek officer: Exec. Vice President 6120 S. YALE AVE., SUITE 805, TULSA OK 74136
Kurston Patrick Mcmurray officer: GC, SVP and Secretary 6120 S. YALE AVE., SUITE 805, TULSA OK 74136
Linda J Bridges officer: CFO & EVP 6120 S. YALE AVE., SUITE 805, TULSA OK 74136
Eig Neptune Equity Aggregator, L.p. 10 percent owner 600 NEW HAMPSHIRE AVE NW, SUITE 1200, WASHINGTON DC 20037
Karlovich Robert W Iii officer: CFO, Exec. VP and Treasurer ATLAS PIPELINE PARTNERS, GP, 110 W. 7TH, SUITE 2300, TULSA OK 74119
Brian P. Boland director 1700 PENNSYLVANIA AVE NW, SUITE 800, WASHINGTON DC 20006
John T Raymond 10 percent owner THE ENERGY & MINERALS GROUP, 811 MAIN STREET, SUITE 4200, HOUSTON TX 77002
Highstar Capital Ngl Co-invest Manager Llc 10 percent owner 1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019
Highstar Ngl Main Interco Llc 10 percent owner 1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019
Highstar Capital Gp Iv Holdings 10 percent owner 1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019
Ngl Civ A, Llc 10 percent owner 1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019

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