February 22, 2016 - 3:48 PM EST
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NGL Energy Partners LP Announces Appointment of New Chief Financial Officer

NGL Energy Partners LP (NYSE:NGL) today announces that Robert W. (“Trey”) Karlovich III has been appointed Executive Vice President and Chief Financial Officer. Mr. Karlovich recently served as the Chief Financial Officer for Targa Pipeline Partners, LP, a subsidiary of Targa Resources Partners LP, from February 2015 through February 2016 and as Senior Vice President of Commercial and Business Development for Targa Resources Partners LP from November 2015 through February 2016. Mr. Karlovich served in various roles at Atlas Pipeline Partners, L.P. and its subsidiaries (“APL”) from September 2006 through February 2015 when APL merged with Targa Resources Partners LP, most recently as Chief Financial Officer (since November 2011) and Chief Accounting Officer (since November 2009). Mr. Karlovich served as Controller of Atlas Pipeline Mid-Continent LLC, a subsidiary of APL, from September 2006 to November 2009. Mr. Karlovich served in various roles at Syntroleum Corporate from February 2004 through September 2006, most recently as Controller. Prior to that, Mr. Karlovich served in various roles at Arthur Andersen LLP and Grant Thornton LLP. Mr. Karlovich is a certified public accountant.

About NGL Energy Partners LP

NGL Energy Partners LP is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with five primary businesses: crude oil logistics, water solutions, liquids, retail propane and refined products and renewables. For further information, visit the Partnership’s website at www.nglenergypartners.com.

This release is a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat 100% of NGL Energy Partners LP’s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Therefore, distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.

NGL Energy Partners LP
Michael Krimbill, 918-481-1119
Chief Executive Officer

Source: Business Wire (February 22, 2016 - 3:48 PM EST)

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