Renaissance Capital logo

Propane LP NGL Energy Partners submits filing for $85 million IPO

February 11, 2011
NGL

NGL Energy Partners LP, a recently formed LP that owns and operates a vertically-integrated propane business, filed on Friday with the SEC to raise up to $85 million in an initial public offering. The Tulsa, OK-based company, which booked $810 million in pro forma sales for the 12 months ended March 31, 2010, plans to list on the NYSE under the symbol NGL. Underwriters, pricing terms and timing were not specified for the deal.