NGL Energy Partners (NYSE:NGL – Get Free Report) announced its quarterly earnings data on Thursday. The oil and gas company reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.73), FiscalAI reports. NGL Energy Partners had a negative return on equity of 39.51% and a negative net margin of 3.76%. The business had revenue of $986.55 million for the quarter, compared to analyst estimates of $869.29 million.
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 Trading Up 4.5%
NGL opened at $15.62 on Tuesday. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -4.63 and a beta of 0.89. NGL Energy Partners has a 1 year low of $8.62 and a 1 year high of $19.06. The stock has a fifty day moving average price of $16.12 and a 200 day moving average price of $14.95.
Insider Buying and Selling at NGL Energy Partners
In other news, Director John T. Raymond acquired 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average price of $16.98 per share, for a total transaction of $5,094,000.00. Following the completion of the acquisition, the director owned 376,626 shares of the company’s stock, valued at approximately $6,395,109.48. This represents a 391.51% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James M. Collingsworth acquired 10,808 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average cost of $16.82 per share, for a total transaction of $181,790.56. Following the transaction, the director owned 764,308 shares of the company’s stock, valued at approximately $12,855,660.56. This represents a 1.43% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 339,923 shares of company stock worth $5,750,003 over the last 90 days. 7.30% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded NGL Energy Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research cut shares of NGL Energy Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Finally, Weiss Ratings downgraded shares of NGL Energy Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 30th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.
Read Our Latest Research Report on NGL
About NGL Energy Partners
NGL Energy Partners LP is a U.S. midstream energy company that provides transportation, storage, processing and marketing services for crude oil, water and natural gas liquids. Its operations support energy producers and customers across the energy supply chain.
The partnership’s activities include gathering and transporting crude oil, as well as managing produced and flowback water through transportation, treatment, recycling and disposal services. It also markets and handles products such as propane, butane and refined fuels, using related storage and logistics infrastructure.
NGL serves customers in several U.S.
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