Barron's: NGL Energy offers growth, yield via a range of steady businesses

|About: NGL Energy Partners LP (NGL)|By:, SA News Editor

NGL Energy Partners (NGL +0.9%) is higher after a favorable Barron's profile describes NGL as "different than the traditional MLP pipeline player."

Some of NGL's assets "might not have the same cachet" as other midstream operations, but NGL has "built a really nice platform to deliver sustainable growth of distributions of 15% or more for the next several years," according to Swank Capital analyst David Askew.

Investors may not have fully priced in NGL's recent acquisition of a stake in TransMontaigne, which Salient Capital's Greg Reid considers a "brilliant" deal that brought desirable, fee-based revenue at a distressed-sale price.