NGL Energy Partners (NYSE:NGL) Releases Quarterly Earnings Results, Beats Expectations By $0.37 EPS

NGL Energy Partners (NYSE:NGL) announced its earnings results on Tuesday. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.37, FiscalAI reports. NGL Energy Partners had a negative net margin of 4.51% and a negative return on equity of 47.64%. The business had revenue of $989.99 million for the quarter, compared to analyst estimates of $346.13 million.

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

• Fiscal 2027 adjusted EBITDA guidance was raised by $10 million to $725 million–$735 million after consolidated first-quarter adjusted EBITDA rose nearly 30% year over year to $186.2 million.
• Water Solutions delivered record physical disposal volumes of 3.32 million barrels per day, up 19.6% year over year, while contracted volumes and higher skim-oil revenue drove segment adjusted EBITDA up 26% to $179.9 million.
• NGL signed more than 200,000 barrels per day of new volume commitments during the quarter and plans to develop another 300,000 barrels per day of contracted capacity this fiscal year, supporting continued growth into fiscal 2028.
• Growth capital spending is expected to exceed $200 million this fiscal year and will be concentrated in the first half, keeping long-term debt relatively flat before leverage declines in the second half.
• Management expects to redeem approximately 50% of the remaining Class D preferreds this fiscal year and said a common-unit distribution could potentially be reinstated in fiscal 2027, while also evaluating another large water pipeline and future M&A.

NGL Energy Partners Stock Performance

Shares of NYSE NGL traded down $0.21 during mid-day trading on Tuesday, reaching $15.79. The company’s stock had a trading volume of 156,743 shares, compared to its average volume of 301,106. The stock has a 50-day moving average of $15.86 and a two-hundred day moving average of $14.01. The stock has a market capitalization of $1.97 billion, a P/E ratio of -4.81 and a beta of 0.60. NGL Energy Partners has a 1-year low of $3.94 and a 1-year high of $18.80.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings in shares of NGL Energy Partners by 3.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,248,614 shares of the oil and gas company’s stock worth $23,829,000 after purchasing an additional 165,249 shares during the last quarter. Jump Financial LLC lifted its position in NGL Energy Partners by 223.4% during the second quarter. Jump Financial LLC now owns 224,779 shares of the oil and gas company’s stock worth $960,000 after buying an additional 155,279 shares in the last quarter. Angelo Gordon & CO. L.P. purchased a new position in NGL Energy Partners during the second quarter worth approximately $2,730,000. Bank of America Corp DE boosted its stake in NGL Energy Partners by 8.8% during the second quarter. Bank of America Corp DE now owns 9,885,023 shares of the oil and gas company’s stock worth $42,209,000 after buying an additional 797,895 shares during the last quarter. Finally, Massar Capital Management LP boosted its stake in NGL Energy Partners by 23.2% during the second quarter. Massar Capital Management LP now owns 28,143 shares of the oil and gas company’s stock worth $120,000 after buying an additional 5,295 shares during the last quarter. 40.62% of the stock is owned by hedge funds and other institutional investors.

NGL Energy Partners announced that its board has initiated a share buyback program on Thursday, April 9th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the oil and gas company to reacquire up to 6.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Zacks Research raised shares of NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Weiss Ratings lowered NGL Energy Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, NGL Energy Partners presently 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.