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NGL ENERGY PARTNERS LP

(NGL)
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NGL ENERGY PARTNERS LP : Other Events, Financial Statements and Exhibits (form 8-K)

06/21/2021 | 07:22am EDT

Item 8.01. Other Matters.

On June 18, 2021, NGL Energy Partners LP ("we," "us," "our" or "the Partnership") sold its 71.5% interest in Sawtooth Caverns LLC ("Sawtooth") and associated assets to a group of buyers for total consideration of $70 million less estimated expenses of approximately $2.1 million. Sawtooth previously comprised a portion of the Partnership's Liquids Logistics segment.

The sale of Sawtooth was effected pursuant to a Membership Interest Purchase Agreement, dated as of June 18, 2021, a copy of which is filed as Exhibit 2.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(b) Pro Forma Financial Statements.


The unaudited pro forma condensed consolidated balance sheet as of March 31,
2021, the unaudited pro forma condensed consolidated statement of operations for
the year ended March 31, 2021 of NGL Energy Partners LP and the related notes
are filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated
herein by reference.

(d) Exhibits.
Exhibit No.                                              Description

2.1                       Membership Interest Purchase Agreement, dated as of June     18    ,
                        2021  .
99.1                      Unaudited pro forma condensed consolidated financial statements of NGL
                        Energy Partners LP.
101                     Cover Page formatted as Inline XBRL.
104                     Cover Page Interactive Data File (formatted as Inline XBRL and contained in
                        Exhibit 101).



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