NGL Energy Partners Management
Management criteria checks 3/4
NGL Energy Partners' CEO is Mike Krimbill, appointed in Oct 2010, has a tenure of 14.08 years. total yearly compensation is $2.70M, comprised of 25.1% salary and 74.9% bonuses, including company stock and options. directly owns 3.73% of the company’s shares, worth $21.87M. The average tenure of the management team and the board of directors is 8.3 years and 11.9 years respectively.
Key information
Mike Krimbill
Chief executive officer
US$2.7m
Total compensation
| CEO salary percentage | 25.1% |
| CEO tenure | 14.1yrs |
| CEO ownership | 3.7% |
| Management average tenure | 8.3yrs |
| Board average tenure | 11.9yrs |
Recent management updates
Recent updates
NGL: It's All About Water. Common And Preferred Units Still Buys
Aug 13NGL Energy Partners: Preferreds Going To Current Yield, Upside Now In The Common
Apr 11NGL Energy Partners: A Hold With Decent Potential
Jan 05NGL Energy Partners: Improved Business Performance, But Risk Remains
Oct 04NGL Energy: Not Worth The Risks And Uncertainties
Jul 20NGL Energy Partners redeems $203.4M senior notes
Feb 23NGL Energy Partners GAAP EPS of $0.19 misses by $0.01, revenue of $2.14B misses by $490M
Feb 09NGL Energy Partners: Despite Good News, Future Is Bleak For Common Unitholders
Jan 31NGL Energy: Preferreds Get An Upgrade
Dec 26NGL Energy Partners GAAP EPS of -$0.21, revenue of $2B
Nov 09NGL Energy: Divergence
Sep 25NGL Energy: Pain Ahead, Sell Common And Preferreds
Jun 06NGL Energy Partners: Lower Guidance Is Fully Offset By Asset Sales
Mar 24NGL Energy Partners LP: Expect Preferred Dividend By 2024
Feb 09NGL Energy Partners LP: Free Cash Flow Will Allow The Company To Delever In The Next 3 Years
Aug 30NGL Energy: It Could Have Been Worse
Aug 11NGL Energy Partners: New Distribution Might Have To Go As Well
Oct 28CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$309m |
| Jun 30 2024 | n/a | n/a | -US$288m |
| Mar 31 2024 | US$3m | US$676k | -US$283m |
| Dec 31 2023 | n/a | n/a | -US$79m |
| Sep 30 2023 | n/a | n/a | -US$63m |
| Jun 30 2023 | n/a | n/a | -US$83m |
| Mar 31 2023 | US$667k | US$649k | -US$73m |
| Dec 31 2022 | n/a | n/a | -US$62m |
| Sep 30 2022 | n/a | n/a | -US$133m |
| Jun 30 2022 | n/a | n/a | -US$134m |
| Mar 31 2022 | US$1m | US$625k | -US$289m |
| Dec 31 2021 | n/a | n/a | -US$486m |
| Sep 30 2021 | n/a | n/a | -US$844m |
| Jun 30 2021 | n/a | n/a | -US$834m |
| Mar 31 2021 | US$643k | US$625k | -US$731m |
| Dec 31 2020 | n/a | n/a | -US$721m |
| Sep 30 2020 | n/a | n/a | -US$288m |
| Jun 30 2020 | n/a | n/a | -US$303m |
| Mar 31 2020 | US$3m | US$625k | -US$367m |
| Dec 31 2019 | n/a | n/a | -US$85m |
| Sep 30 2019 | n/a | n/a | -US$46m |
| Jun 30 2019 | n/a | n/a | -US$13m |
| Mar 31 2019 | US$4m | US$614k | -US$171m |
| Dec 31 2018 | n/a | n/a | -US$265m |
| Sep 30 2018 | n/a | n/a | -US$317m |
| Jun 30 2018 | n/a | n/a | -US$498m |
| Mar 31 2018 | US$361k | US$350k | -US$84m |
Compensation vs Market: Mike's total compensation ($USD2.70M) is about average for companies of similar size in the US market ($USD2.14M).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
CEO
Mike Krimbill (70 yo)
14.1yrs
Tenure
US$2,695,722
Compensation
Mr. H. Michael Krimbill, also known as Mike, serves as the Chief Executive Officer of NGL Energy Holdings LLC, the General Partner of NGL Energy Partners LP and High Sierra Energy GP, LLC since October 201...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.1yrs | US$2.70m | 3.73% $ 21.9m | |
| Executive VP | 1.8yrs | US$1.10m | 0.15% $ 888.0k | |
| Chief Accounting Officer of NGL Energy Holdings LLC | 8.8yrs | US$675.57k | 0.064% $ 374.3k | |
| Executive VP & Chief Information Officer of NGL Energy Holdings LLC | 8.8yrs | US$692.50k | 0.070% $ 411.5k | |
| General Counsel & Corporate Secretary | less than a year | no data | no data | |
| President of Eastern Retail Operations | 13.1yrs | US$388.11k | no data | |
| Senior Vice President of NGL Water Solutions - NGL Energy Holdings LLC | no data | no data | no data | |
| Executive Vice President of Crude Oil Logistics | no data | no data | no data | |
| Executive Vice President of NGL Water Solutions - NGL Energy Holdings LLC | 8.3yrs | no data | no data | |
| Executive Vice President of Liquids Logistics | 3.8yrs | no data | no data | |
| Senior Vice President of Wholesale Propane & Terminal Operations | less than a year | no data | no data | |
| President of Centennial Energy | no data | no data | no data |
8.3yrs
Average Tenure
53yo
Average Age
Experienced Management: NGL's management team is seasoned and experienced (8.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.2yrs | US$2.70m | 3.73% $ 21.9m | |
| Director of NGL Energy Holdings LLC | 11.3yrs | no data | 0.038% $ 222.0k | |
| Independent Director of NGL Energy Holdings LLC | 9.8yrs | US$205.00k | 0.48% $ 2.8m | |
| Independent Director of NGL Energy Holdings LLC | 12.5yrs | US$210.00k | 0.093% $ 543.9k | |
| Independent Director of NGL Energy Holdings LLC | 4.9yrs | US$215.00k | 0.095% $ 559.5k | |
| Director of NGL Energy Holdings LLC | 14.2yrs | US$180.00k | 2.01% $ 11.8m |
11.9yrs
Average Tenure
63.5yo
Average Age
Experienced Board: NGL's board of directors are seasoned and experienced ( 11.9 years average tenure).