Insider Trader Watch: NGL Energy Partners LP (NGL)

NGL Energy Partners LP (NYSE:NGL) insider has recently participated in insider trading activity. Director, COLLINGSWORTH JAMES M bought 2,250 shares for $ 14,531via one transaction Feb 12. Following the transaction, the insider now owns 2,250 shares in total, priced at $18990 as of Wednesday. Another notable insider trading was done by the same insider on Dec 04. COLLINGSWORTH JAMES M acquired 10,000 shares at an average price of $12.97 for a total of $ 129,700. Moreover, KRIMBILL H MICHAEL carried out a sale of 20,000            shares at $13.68 each on Dec 04. The transaction amounted to $ 273,600. President, Retail Division Coady Shawn Wbought 15,000 shares for $ 214,650            through one transaction Dec 04. Following this sale, this insider’s stake in the company comprises 52,019 shares, priced at $439040.36 as of Wednesday.

The stock has experienced a total of 7 insider trades in the past three months. These trades include 2 sell activities and 5 buy trades. Furthermore, over the past 12 months, the stock was traded 52 times by insiders. In 16 of these trades, the insider was a seller while an employee of the company was the buyer in just 36 instances.

On February 9, 2016, NGL Energy Partners LP (NGL) reported Adjusted EBITDA of $113.5 million for the three months ended December 31, 2015 (exclusive of $0.2 million of advisory and legal costs related to acquisitions) compared to Adjusted EBITDA of $144.8 million for the three months ended December 31, 2014 (exclusive of $0.7 million of advisory and legal costs related to acquisitions and $7.6 million of compensation costs related to the Gavilon and TransMontaigne acquisitions). NGL reported net income of $29.6 million for the three months ended December 31, 2015, compared to a net loss of $5.3 million for the three months ended December 31, 2014.

For the nine months ended December 31, 2015, NGL reported Adjusted EBITDA of $270.1 million (exclusive of $0.9 million of advisory and legal costs related to acquisitions), compared to Adjusted EBITDA of $258.3 million during the nine months ended December 31, 2014 (exclusive of $5.0 million of advisory and legal costs related to acquisitions and $15.3 million of compensation costs related to the Gavilon and TransMontaigne acquisitions). NGL reported a net loss of $33.1 million for the nine months ended December 31, 2015, compared to a net loss of $61.1 million for the nine months ended December 31, 2014.