NGL Energy Partners Q3 net income increases

NGL Energy Partners LP has reported that net income attributable to the parent equity allocated to the limited partners for the third quarter ended December 31, 2012 was $39.23 million or $0.75 per diluted unit, compared to $6.08 million, or $0.28 per diluted unit, for the same quarter ended December 31, 2011.

Total revenues for the third quarter ended December 31, 2012 were $1.34 billion, compared to $470.65 million for the same quarter ended December 31, 2011.

Net income attributable to the parent equity allocated to the limited partners for the nine months ended December 31, 2012 was $23.87 million, or $0.51 per diluted unit, compared to a net loss attributable to the parent equity allocated to the limited partners of $6.08 million, or $0.2 loss per diluted unit, for the same period ended December 31, 2011.

Total revenues for the nine months ended December 31, 2012 were $2.8 billion, compared to $871.54 million for the same period ended December 31, 2011.