From Seekingalpha · Long Player · · 40s
NGL Energy Partners: Financial Stress Boosts Exit Strategy
NGL Energy Partners' financial stress signals investors should leave and not look back.
In brief
NGL Energy Partners' financial stress signals investors should leave and not look back. NGL Energy Partners' rising debt and capital expenditures indicate investors should exit the company. Originally reported by Seekingalpha.
NGL Energy Partners Financial Stress
NGL Energy Partners faces heightened financial stress with a high debt ratio and quadrupled capital expenditures year-over-year.
Borrowings Outpace Payments
Borrowings on the ABL facility outpaced payments, further elevating NGL's debt and raising cash generation concerns.
Investor Exit Strategy
The company's risk profile suits only disciplined, advanced investors, not average market participants.
In short
NGL Energy Partners' rising debt and capital expenditures indicate investors should exit the company.
