NGL Energy Partners (NYSE:NGL) Releases Earnings Results, Misses Estimates By $0.89 EPS

NGL Energy Partners (NYSE:NGL) announced its quarterly earnings data on Thursday. The oil and gas company reported ($0.71) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.89), Zacks reports. The firm had revenue of $949.51 million for the quarter, compared to analysts’ expectations of $941.52 million. NGL Energy Partners had a negative net margin of 4.51% and a negative return on equity of 70.68%.

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

• NGL reported a strong fiscal 2026 finish, with adjusted EBITDA from continuing operations of about $660 million for the year and $176 million in Q4, near the high end of guidance.
• Water Solutions remained the core growth engine, delivering a record $603 million of full-year adjusted EBITDA and 11% year-over-year EBITDA growth, supported by contractual volumes and efficiency gains.
• The company continued to simplify and strengthen its balance sheet, including a $950 million refinancing and redemption of about 285,000 Class D preferred units, or roughly 47% of the original amount.
• Management announced a further LEX2 water system expansion, adding 165,000 barrels per day of capacity and backed by a long-term volume commitment contract, with room to expand to 650,000 barrels per day.
• For fiscal 2027, NGL guided to $715 million-$725 million of consolidated adjusted EBITDA and about $200 million of growth capex, but the outlook does not include any new contracts signed after the call or benefits from current crude prices.

NGL Energy Partners Price Performance

Shares of NGL Energy Partners stock opened at $16.97 on Friday. The business’s 50 day simple moving average is $14.76 and its two-hundred day simple moving average is $12.06. The stock has a market capitalization of $2.10 billion, a P/E ratio of -5.17 and a beta of 0.58. NGL Energy Partners has a one year low of $3.10 and a one year high of $18.80.

Hedge Funds Weigh In On NGL Energy Partners

Large investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC purchased a new position in NGL Energy Partners in the 3rd quarter worth approximately $70,000. CIBC Bancorp USA Inc. purchased a new position in NGL Energy Partners in the 3rd quarter worth approximately $70,000. LPL Financial LLC purchased a new position in NGL Energy Partners in the 4th quarter worth approximately $120,000. Massar Capital Management LP increased its stake 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 purchasing an additional 5,295 shares during the period. Finally, State of Wyoming increased its stake in NGL Energy Partners by 184.0% in the 2nd quarter. State of Wyoming now owns 32,202 shares of the oil and gas company’s stock worth $138,000 after purchasing an additional 20,864 shares during the period. 40.62% of the stock is owned by hedge funds and other institutional investors.

NGL Energy Partners declared that its Board of Directors has authorized a share buyback plan on Thursday, April 9th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the oil and gas company to repurchase up to 6.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of NGL Energy Partners in a report on Monday, April 27th. Zacks Research raised NGL Energy Partners from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

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.