Business Context and Reporting Period
Company: NGL Energy Partners LP
Filing Type: Form 8-K (Current Report)
Date of Report: February 25, 2013
Reporting Period: Specific event date (February 25, 2013)
This filing reports a material modification to the rights of security holders and amendments to the Articles of Incorporation or Bylaws. The General Partner, NGL Energy Holdings LLC, entered into a Third Amended and Restated Limited Liability Company Agreement.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance and legal agreements rather than financial performance.
Material Changes
- Amended LLC Agreement: Execution of the Third Amended and Restated Limited Liability Company Agreement.
- Purpose: To provide for board appointment rights granted in connection with the previously completed acquisition of High Sierra Energy, LP.
- Conforming Changes: Incorporation of terms from a prior amendment and other administrative changes.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, or management commentary regarding future performance. No specific risks or contingencies are detailed in the text of this report, other than the standard incorporation by reference of the full legal agreement.
Investor Verification Checklist
- Review Exhibit 3.1 (Third Amended and Restated Limited Liability Company Agreement) for specific details on board appointment rights.
- Verify the impact of the High Sierra Energy, LP acquisition on current governance structures.
- Confirm that the administrative changes align with the partnership's operational requirements.