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NGL Energy Partners LP – ‘10-Q’ for 6/30/22 – ‘EX-31.2’

On:  Tuesday, 8/9/22, at 4:17pm ET   ·   For:  6/30/22   ·   Accession #:  1504461-22-16   ·   File #:  1-35172

Previous ‘10-Q’:  ‘10-Q’ on 2/9/22 for 12/31/21   ·   Next:  ‘10-Q’ on 11/9/22 for 9/30/22   ·   Latest:  ‘10-Q’ on 2/8/24 for 12/31/23   ·   1 Reference:  To:  NGL Energy Partners LP – ‘10-K’ on 6/6/22 for 3/31/22

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  As Of               Filer                 Filing    For·On·As Docs:Size

 8/09/22  NGL Energy Partners LP            10-Q        6/30/22  102:10M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   2.27M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     31K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     31K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     28K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     28K 
11: R1          Document and Entity Information                     HTML     87K 
12: R2          Unaudited Condensed Consolidated Balance Sheets     HTML    175K 
13: R3          Unaudited Condensed Consolidated Statements of      HTML    116K 
                Operations                                                       
14: R4          Unaudited Condensed Consolidated Statements of      HTML     46K 
                Comprehensive Income (Loss)                                      
15: R5          Unaudited Condensed Consolidated Statements of      HTML     55K 
                Changes in Equity                                                
16: R6          Unaudited Condensed Consolidated Statements of      HTML    133K 
                Cash Flows                                                       
17: R7          Organization and Operations                         HTML     32K 
18: R8          Significant Accounting Policies                     HTML     87K 
19: R9          Loss Per Common Unit                                HTML     54K 
20: R10         Property, Plant and Equipment                       HTML     68K 
21: R11         Intangible Assets                                   HTML     86K 
22: R12         Long-Term Debt                                      HTML    105K 
23: R13         Commitments and Contingencies                       HTML    105K 
24: R14         Equity                                              HTML     44K 
25: R15         Fair Value of Financial Instruments                 HTML     85K 
26: R16         Segments                                            HTML    110K 
27: R17         Transactions with Affiliates                        HTML     49K 
28: R18         Revenue from Contracts with Customers               HTML     47K 
29: R19         Leases                                              HTML     55K 
30: R20         Allowance for Current Expected Credit Loss          HTML     36K 
31: R21         Other Matters                                       HTML     28K 
32: R22         Subsequent Events                                   HTML     28K 
33: R23         Significant Accounting Policies (Policies)          HTML     55K 
34: R24         Commitment and Contingencies (Policies)             HTML     29K 
35: R25         Equity (Policies)                                   HTML     28K 
36: R26         Revenue from Contracts with Customers (Policies)    HTML     28K 
37: R27         Allowance for Current Expected Credit Loss          HTML     33K 
                (Policies)                                                       
38: R28         Significant Accounting Policies (Tables)            HTML     81K 
39: R29         Loss Per Common Unit (Tables)                       HTML     56K 
40: R30         Property, Plant and Equipment (Tables)              HTML     71K 
41: R31         Intangible Assets (Tables)                          HTML    136K 
42: R32         Long-Term Debt (Tables)                             HTML    105K 
43: R33         Commitments and Contingencies (Tables)              HTML    100K 
44: R34         Equity (Tables)                                     HTML     35K 
45: R35         Fair Value of Financial Instruments (Tables)        HTML     92K 
46: R36         Segments (Tables)                                   HTML    109K 
47: R37         Transactions with Affiliates (Tables)               HTML     46K 
48: R38         Revenue from Contracts with Customers (Tables)      HTML     44K 
49: R39         Leases (Tables)                                     HTML     60K 
50: R40         Allowance for Current Expected Credit Loss          HTML     34K 
                (Tables)                                                         
51: R41         Organization and Operations (Details)               HTML     33K 
52: R42         Significant Accounting Policies - Income Taxes      HTML     36K 
                (Details)                                                        
53: R43         Significant Accounting Policies - Inventories       HTML     48K 
                (Details)                                                        
54: R44         Significant Accounting Policies - Investments in    HTML     51K 
                Unconsolidated Entities (Details)                                
55: R45         Significant Accounting Policies - Other Noncurrent  HTML     52K 
                Assets (Details)                                                 
56: R46         Significant Accounting Policies - Accrued Expenses  HTML     42K 
                and Other Payables (Details)                                     
57: R47         Loss Per Common Unit (Details)                      HTML     72K 
58: R48         Property, Plant and Equipment (Details)             HTML     99K 
59: R49         Intangible Assets (Details)                         HTML     70K 
60: R50         Intangible Assets - Amortization (Details)          HTML     58K 
61: R51         Long-Term Debt (Details)                            HTML     65K 
62: R52         Long-Term Debt - 2026 Senior Secured Notes          HTML     31K 
                (Details)                                                        
63: R53         Long-Term Debt - Asset Based Credit Facility        HTML     56K 
                (Details)                                                        
64: R54         Long-Term Debt - Senior Unsecured Notes (Details)   HTML     38K 
65: R55         Long-Term Debt - Other Long-Term Debt (Details)     HTML     32K 
66: R56         Long-Term Debt - Debt Maturity Schedule (Details)   HTML     61K 
67: R57         Long-Term Debt - Amortization of Debt Issuance      HTML     43K 
                Costs (Details)                                                  
68: R58         Commitments and Contingencies - Legal               HTML     34K 
                Contingencies (Details)                                          
69: R59         Commitments and Contingencies - Environmental       HTML     28K 
                Matters (Details)                                                
70: R60         Commitments and Contingencies - Asset Retirement    HTML     39K 
                Obligations (Details)                                            
71: R61         Commitments and Contingencies - Pipeline Capacity   HTML     38K 
                Agreements (Details)                                             
72: R62         Commitments and Contingencies - Purchase            HTML     60K 
                Commitments (Details)                                            
73: R63         Commitments and Contingencies - Sale Commitments    HTML     66K 
                (Details)                                                        
74: R64         Commitments and Contingencies - Other Commitments   HTML     50K 
                (Details)                                                        
75: R65         Equity - Partnership Equity (Details)               HTML     38K 
76: R66         Equity - Class B Preferred Units (Details)          HTML     47K 
77: R67         Equity - Class C Preferred Units (Details)          HTML     44K 
78: R68         Equity - Class D Preferred Units (Details)          HTML     50K 
79: R69         Equity - Equity-Based Incentive Compensation -      HTML     61K 
                Service Awards (Details)                                         
80: R70         Fair Value of Financial Instruments - Fair Value    HTML     69K 
                of Commodity Derivative Assets and Liabilities                   
                (Details)                                                        
81: R71         Fair Value of Financial Instruments - Derivative    HTML     55K 
                Contract Positions (Details)                                     
82: R72         Fair Value of Financial Instruments - (Losses)      HTML     28K 
                Gains From Commodity Derivatives (Details)                       
83: R73         Fair Value of Financial Instruments - Interest      HTML     34K 
                Rate Risk (Details)                                              
84: R74         Fair Value of Financial Instruments - Fair Value    HTML     36K 
                of Fixed-Rate Notes (Details)                                    
85: R75         Segments (Details)                                  HTML    107K 
86: R76         Transactions with Affiliates - Related Party        HTML     46K 
                Transactions (Details)                                           
87: R77         Transactions with Affiliates - Other Related Party  HTML     36K 
                Transactions (Details)                                           
88: R78         Revenue from Contracts with Customers - Revenue     HTML     29K 
                Agreements (Details)                                             
89: R79         Revenue from Contracts with Customers -             HTML     53K 
                Performance Obligations (Details)                                
90: R80         Revenue from Contracts with Customers - Contract    HTML     38K 
                Assets and Liabilities (Details)                                 
91: R81         Leases - Lease Expense (Details)                    HTML     35K 
92: R82         Leases - Lessee Maturities of Operating Lease       HTML     47K 
                Obligations (Details)                                            
93: R83         Leases - Lessee Supplemental Cash Flow and          HTML     31K 
                Non-Cash Information (Details)                                   
94: R84         Leases - Lessor Future Minimum Lease Payments       HTML     48K 
                Receivable (Details)                                             
95: R85         Allowance for Current Expected Credit Loss          HTML     40K 
                (Details)                                                        
96: R86         Other Matters - Third-party Loan Receivable         HTML     30K 
                (Details)                                                        
97: R87         Subsequent Events (Details)                         HTML     34K 
100: XML         IDEA XML File -- Filing Summary                      XML    188K  
98: XML         XBRL Instance -- ngl-20220630_htm                    XML   2.75M 
99: EXCEL       IDEA Workbook of Financial Reports                  XLSX    179K 
 7: EX-101.CAL  XBRL Calculations -- ngl-20220630_cal                XML    247K 
 8: EX-101.DEF  XBRL Definitions -- ngl-20220630_def                 XML    957K 
 9: EX-101.LAB  XBRL Labels -- ngl-20220630_lab                      XML   2.08M 
10: EX-101.PRE  XBRL Presentations -- ngl-20220630_pre               XML   1.29M 
 6: EX-101.SCH  XBRL Schema -- ngl-20220630                          XSD    227K 
101: JSON        XBRL Instance as JSON Data -- MetaLinks              491±   759K  
102: ZIP         XBRL Zipped Folder -- 0001504461-22-000016-xbrl      Zip    511K  


‘EX-31.2’   —   Certification — §302 – SOA’02


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Exhibit 31.2
CERTIFICATION

I, Linda J. Bridges, certify that:

1.    I have reviewed this Quarterly Report on Form 10-Q of NGL Energy Partners LP;

2.    Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.    Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.    The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.    Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.    Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.    Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.    Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.    The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a.    All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b.    Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 9, 2022/s/ Linda J. Bridges
Linda J. Bridges
Chief Financial Officer of NGL Energy Holdings LLC, the general partner of NGL Energy Partners LP
 



Dates Referenced Herein

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/9/22None on these Dates
For Period end:6/30/22
 List all Filings 


1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/06/22  NGL Energy Partners LP            10-K        3/31/22  133:20M
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Filing Submission 0001504461-22-000016   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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