NGL Energy Partners (NYSE:NGL) Announces Quarterly Earnings Results

NGL Energy Partners (NYSE:NGL) posted its quarterly earnings data on Tuesday. The oil and gas company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06), Zacks reports. NGL Energy Partners had a negative return on equity of 67.93% and a net margin of 5.01%.The business had revenue of $909.82 million during the quarter, compared to analyst estimates of $700.76 million.

Here are the key takeaways from NGL Energy Partners’ conference call:

• Record water volumes and stronger Water Solutions results — Water Solutions Adjusted EBITDA rose to $154.5M (up 16.5% YoY) as physical disposal hit ~3.07M bbl/day in the quarter and exceeded 3.5M bbl/day in early January; full-year FY26 EBITDA guidance remains $650–$660M and management expects >$700M for FY27.
• Capital-allocation progress — Management redeemed ~88,506 Class D preferred units (~15% of original), repurchased ~1.6M common units in the quarter (8.7M total, ~7% outstanding) and says leverage is down to the low ~4.0x area while prioritizing further Class D eliminations.
• Long-term technology and treatment initiatives — The company is advancing an AI/ML program to drive operational efficiencies and signed an MOU with Natura to explore nuclear-powered thermal desalination in Reeves County, with a TPDES permit draft expected soon; these are strategic but longer-term and currently non-material to near-term CapEx.
• Lower results and strategic exits in liquids segments — Crude Oil Logistics and Liquids Logistics Adjusted EBITDA declined YoY (to $15.4M and $15.2M, respectively), driven by lower oil prices, fewer high-tariff committed volumes on Grand Mesa, and prior divestitures of propane/refined-products businesses that reduce segment diversification.

NGL Energy Partners Trading Up 0.5%

NGL stock traded up $0.07 during trading hours on Thursday, hitting $11.93. 77,831 shares of the stock were exchanged, compared to its average volume of 479,455. The company has a 50-day simple moving average of $10.09 and a two-hundred day simple moving average of $7.61. The firm has a market capitalization of $1.50 billion, a P/E ratio of 298.32 and a beta of 0.31. NGL Energy Partners has a 12 month low of $2.64 and a 12 month high of $13.00.

Institutional Investors Weigh In On NGL Energy Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. Massar Capital Management LP increased its holdings in NGL Energy Partners by 23.2% in the 2nd quarter. Massar Capital Management LP now owns 28,143 shares of the oil and gas company’s stock worth $120,000 after acquiring an additional 5,295 shares during the last quarter. CreativeOne Wealth LLC boosted its holdings in NGL Energy Partners by 33.2% in the 3rd quarter. CreativeOne Wealth LLC now owns 23,571 shares of the oil and gas company’s stock worth $141,000 after buying an additional 5,871 shares during the period. CIBC Private Wealth Group LLC purchased a new position in NGL Energy Partners in the 3rd quarter valued at approximately $70,000. CIBC Bancorp USA Inc. bought a new stake in NGL Energy Partners during the 3rd quarter valued at $70,000. Finally, State of Wyoming lifted its position in shares of NGL Energy Partners by 184.0% during the second quarter. State of Wyoming now owns 32,202 shares of the oil and gas company’s stock worth $138,000 after acquiring an additional 20,864 shares in the last quarter. 40.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NGL has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of NGL Energy Partners in a research report on Wednesday, January 28th. Zacks Research upgraded shares of NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, NGL Energy Partners has a consensus rating of “Buy”.

NGL Energy Partners Company Profile

NGL Energy Partners LP is a publicly traded master limited partnership that provides midstream infrastructure and marketing services for the energy industry. The company focuses on the transportation, storage, fractionation and marketing of natural gas liquids (NGLs) and refined petroleum products. Through its integrated operations, NGL Energy Partners serves producers, processors, refiners and industrial customers across key U.S. energy-producing regions.

The partnership’s asset base includes pipelines, storage terminals, fractionation plants, and distribution facilities.