NGL Energy Partners (NYSE:NGL) Issues Earnings Results

NGL Energy Partners (NYSE:NGL) posted its quarterly earnings data on Tuesday. The oil and gas company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.20), Zacks reports. NGL Energy Partners had a negative net margin of 2.87% and a positive return on equity of 77.15%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the company earned ($0.05) earnings per share.

NGL Energy Partners Stock Performance

NYSE:NGL traded down $0.10 during trading hours on Friday, reaching $4.30. 59,247 shares of the stock were exchanged, compared to its average volume of 361,018. NGL Energy Partners has a 52 week low of $3.84 and a 52 week high of $6.20. The company has a quick ratio of 0.96, a current ratio of 1.21 and a debt-to-equity ratio of 28.52. The stock has a market capitalization of $567.64 million, a P/E ratio of -1.89 and a beta of 1.70. The firm has a 50 day simple moving average of $4.37 and a 200-day simple moving average of $4.78.

About NGL Energy Partners

NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water.