Nevin Mathew's questions to NGL Energy Partners (NGL) leadership • Q1 2026
Question
Nevin Mathew, on behalf of Tariq Hamed, inquired about NGL Energy Partners' future capital allocation strategy, asking if the company will prioritize common unit repurchases or concentrate on its Class D preferred units.
Answer
EVP & CFO Brad Cooper responded that the company will continue to be opportunistic with its capital allocation. He explained that NGL will evaluate repurchasing common units, bonds, or Class D preferred units based on market conditions and which asset provides the most attractive return, rather than focusing on a single path.