DCP Announces Sale of Gas Supply Resources (GSR) Wholesale Propane Business to NGL Energy Partners LP
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“NGL is excited to acquire these well-operated, high-quality assets from
DCP. The propane terminals complement NGL’s existing liquids portfolio
and create additional opportunities for new and existing customers to
supply their business. The
“Gas Supply Resources has been a great asset for DCP, but has no
interconnectivity with our otherwise integrated value chain of midstream
The transaction has been approved by appropriate governing bodies of both companies, but remains subject to satisfaction of specified closing conditions, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Certain matters contained in this Press Release include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995.
All statements, other than statements of historical fact, included in this Press Release may constitute forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove to be correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include the risk factors discussed from time to time in each of our documents and reports filed with the SEC.
Readers are cautioned not to place undue reliance on any forward-looking statements contained in this Press Release, which reflect management’s opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements.
NGL Energy Partners Investor Relations:
Trey Karlovich, 918-481-1119
Executive Vice President and Chief Financial Officer
Linda Bridges, 918-481-1119
Senior Vice President – Finance and Treasurer
NGL Energy Partners Marketing Information:
Jeff Pinter, 918-481-1119
Executive Vice President - NGL Liquids
DCP Midstream Investor Relations:
DCP Midstream Media: