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

NGL Energy Partners (NYSE:NGL) announced its quarterly earnings data on Tuesday. The oil and gas company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.37, FiscalAI reports. The firm had revenue of $989.99 million during the quarter, compared to analysts’ expectations of $346.13 million. NGL Energy Partners had a negative return on equity of 47.64% and a negative net margin of 4.51%.

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 Price Performance

NGL traded up $0.97 during trading on Wednesday, reaching $16.82. The company had a trading volume of 103,306 shares, compared to its average volume of 299,550. The company has a market cap of $2.10 billion, a P/E ratio of -5.13 and a beta of 0.63. NGL Energy Partners has a 12 month low of $3.94 and a 12 month high of $18.80. The business’s fifty day moving average price is $15.82 and its 200 day moving average price is $14.06.

NGL Energy Partners announced that its Board of Directors has approved a stock repurchase program on Thursday, April 9th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the oil and gas company to repurchase up to 6.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

NGL has been the topic of a number of recent research reports. Weiss Ratings cut shares of NGL Energy Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Zacks Research upgraded NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Institutional Investors Weigh In On NGL Energy Partners

Institutional investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC acquired a new stake in shares of NGL Energy Partners in the 3rd quarter valued at about $70,000. CIBC Bancorp USA Inc. bought a new position in shares of NGL Energy Partners during the third quarter worth about $70,000. LPL Financial LLC acquired a new stake in NGL Energy Partners in the 4th quarter valued at approximately $120,000. Royal Bank of Canada lifted its stake in NGL Energy Partners by 71.2% in the 4th quarter. Royal Bank of Canada now owns 14,454 shares of the oil and gas company’s stock valued at $145,000 after acquiring an additional 6,009 shares in the last quarter. Finally, State of Wyoming bought a new stake in NGL Energy Partners in the 4th quarter valued at approximately $172,000. 40.62% of the stock is owned by institutional investors.

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.