NGL Energy Partners (NYSE:NGL) Posts Earnings Results, Beats Expectations By $0.02 EPS

NGL Energy Partners (NYSE:NGL) released its quarterly earnings results on Thursday. The oil and gas company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02, Zacks reports. The company had revenue of $986.55 million during the quarter, compared to the consensus estimate of $869.29 million. NGL Energy Partners had a negative net margin of 3.76% and a negative return on equity of 39.51%.

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

• Water Solutions delivered record results: disposal volumes rose 23% year over year to 3.45 million barrels per day, while segment adjusted EBITDA increased 17% to $178.3 million.
• NGL raised fiscal 2027 adjusted EBITDA guidance by $10 million to $735 million–$745 million, citing strong performance and contracted customer demand.
• The partnership increased fiscal 2027 growth capital guidance to $250 million–$270 million to expand water takeaway and disposal capacity. Management said most of the resulting EBITDA contribution is expected in fiscal 2028, with new capacity filling quickly.
• Management expects leverage to fall to approximately 4x by fiscal year-end and says improving cash flow should support further debt reduction and addressing most remaining Class D Preferred Units; over 90% of produced water comes from investment-grade customers.
• Crude Oil Logistics adjusted EBITDA declined to $11.9 million from $16.6 million year over year, alongside lower Grand Mesa pipeline volumes.

NGL Energy Partners Stock Performance

Shares of NYSE:NGL opened at $14.96 on Friday. NGL Energy Partners has a 52-week low of $8.62 and a 52-week high of $19.06. The company has a market capitalization of $1.87 billion, a P/E ratio of -4.44 and a beta of 0.89. The company has a 50-day simple moving average of $16.17 and a 200 day simple moving average of $14.92.

Insider Transactions at NGL Energy Partners

In other news, Director James Collingsworth purchased 10,808 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were bought at an average cost of $16.82 per share, for a total transaction of $181,790.56. Following the completion of the transaction, the director directly owned 764,308 shares of the company’s stock, valued at $12,855,660.56. This trade represents a 1.43% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO H. Krimbill sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $17.00, for a total transaction of $5,100,000.00. Following the completion of the sale, the chief executive officer directly owned 3,378,615 shares of the company’s stock, valued at $57,436,455. The trade was a 8.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have purchased 339,923 shares of company stock valued at $5,750,003 in the last quarter. Insiders own 7.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Weiss Ratings cut NGL Energy Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 30th. Wall Street Zen upgraded NGL Energy Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Zacks Research downgraded NGL Energy Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

NGL Energy Partners Company Profile

NGL Energy Partners LP is a publicly traded master limited partnership that provides energy logistics and water-management services in the United States. The company serves producers and other participants in the domestic crude oil and oilfield-water markets through infrastructure, transportation, handling and related services.

NGL’s Water Solutions segment gathers, transports, treats, recycles and disposes of produced water generated during oil and natural gas production. Its operations include water pipelines, storage facilities, treatment and recycling assets, disposal wells, freshwater services and truck transportation.