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Update: NGL Energy Shares Rise After Raising $270 Million From Noncore Asset Sales
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Update: NGL Energy Shares Rise After Raising $270 Million From Noncore Asset Sales
May 26, 2025 1:26 AM

02:19 PM EDT, 05/05/2025 (MT Newswires) -- (Updates with the latest stock movement in the first paragraph and headline.)

NGL Energy Partners ( NGL ) shares were up nearly 4% in recent Monday trading after the company said it raised about $270 million in cash through non-core asset sales, including its previously announced sale of 17 of its natural gas liquids terminals and the Green Bay terminal.

The asset sales also included the company's Rack Marketing refined products business, its Limestone Ranch ownership and its remaining crude rail car fleet.

The company said it plans to redirect the capital to improving the capital structure.

Price: 3.09, Change: +0.11, Percent Change: +3.69

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