NGL Energy Partners LP Announces $15 Million Unit Repurchase Program

TULSA, Okla.–(BUSINESS WIRE)–NGL Energy Partners LP (NYSE:NGL) announced today that the Board of
Directors of its general partner has authorized a unit repurchase
program, under which NGL may repurchase up to $15 million of its
outstanding units representing limited partnership interests of NGL
through December 31, 2017. NGL may repurchase units from time to time in
the open market or in other privately negotiated transactions, subject
to market conditions. The unit repurchase program authorization does not
obligate NGL to repurchase any dollar amount or number of its units, and
repurchases may be commenced or suspended from time to time without
prior notice.

This press release includes “forward-looking statements.” All statements
other than statements of historical facts included or incorporated
herein may constitute forward-looking statements. Actual results could
vary significantly from those expressed or implied in such statements
and are subject to a number of risks and uncertainties. While NGL
believes its expectations as reflected in the forward-looking statements
are reasonable, NGL can give no assurance that such expectations will
prove to be correct. The forward-looking statements involve risks and
uncertainties that affect operations, financial performance, and other
factors as discussed in filings with the Securities and Exchange
Commission. Other factors that could impact any forward-looking
statements are those risks described in NGL’s annual report on Form
10-K, quarterly reports on Form 10-Q, and other public filings. You are
urged to carefully review and consider the cautionary statements and
other disclosures made in those filings, specifically those under the
heading “Risk Factors.” NGL undertakes no obligation to publicly update
or revise any forward-looking statements except as required by law.

About NGL Energy Partners LP

NGL Energy Partners LP is a Delaware limited partnership. NGL owns and
operates a vertically integrated energy business with five primary
businesses: water solutions, crude oil logistics, NGL logistics, refined
products/renewables and retail propane. For further information visit
the Partnership's website at www.nglenergypartners.com.

Contacts

NGL Energy Partners LP
Robert “Trey” Karlovich, 918-481-1119
Executive
Vice President and Chief Financial Officer
[email protected]
or
Linda
Bridges, 918-481-1119
Vice President – Finance and Treasurer
[email protected]