NGL Energy Partners (NYSE:NGL) Issues Quarterly Earnings Results

NGL Energy Partners (NYSE:NGL) posted its quarterly earnings data on Tuesday. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.37, FiscalAI reports. NGL Energy Partners had a negative return on equity of 45.42% and a negative net margin of 3.76%.The firm had revenue of $989.99 million during the quarter, compared to analysts’ expectations 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 Up 0.6%

Shares of NGL Energy Partners stock traded up $0.10 during trading on Thursday, reaching $17.09. 134,666 shares of the stock were exchanged, compared to its average volume of 301,619. The stock’s fifty day moving average is $15.82 and its 200 day moving average is $14.11. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of -6.02 and a beta of 0.63. 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 hedge funds and other institutional investors have recently bought and sold shares of NGL. XTX Topco Ltd lifted its holdings in NGL Energy Partners by 9.0% in the 4th quarter. XTX Topco Ltd now owns 37,579 shares of the oil and gas company’s stock worth $376,000 after buying an additional 3,103 shares during the period. Osaic Holdings Inc. raised its holdings in shares of NGL Energy Partners by 186.2% during the fourth quarter. Osaic Holdings Inc. now owns 20,348 shares of the oil and gas company’s stock valued at $203,000 after acquiring an additional 13,238 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of NGL Energy Partners by 71.2% during the fourth 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. Mariner LLC lifted its stake in NGL Energy Partners by 10.8% in the fourth quarter. Mariner LLC now owns 255,502 shares of the oil and gas company’s stock worth $2,555,000 after acquiring an additional 25,000 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in NGL Energy Partners by 9.4% in the fourth quarter. Wells Fargo & Company MN now owns 34,800 shares of the oil and gas company’s stock valued at $348,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors own 40.62% of the company’s stock.

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

Analysts Set New Price Targets

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

About NGL Energy Partners

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.