NGL Energy Partners

NGL Energy Partners LP is an energy partnership that transports, treats, recycles, and disposes of produced water generated as part of the energy production process. It also transports, stores, markets, and provides other logistics services for crude oil and liquid hydrocarbons. The firm operates through the following segments: Water Solutions, Crude Oil Logistics, Liquids Logistics, and Corporate & Other. The Water Solutions segment transports, treats, recycles, and disposes of produced and flow back water generated from oil and natural gas production. The Crude Oil Logistics segment purchases crude oil from producers and marketers and transports it to refineries or for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs. The Liquids Logistics segment conducts supply operations for natural gas liquids, refined petroleum products and biodiesel to a range of commercial, retail and industrial customers across the United States and Canada. The Corporate & Other segment include corporate expenses that are not allocated to the reportable segments. The company was founded in 1940 and is headquartered in Tulsa, OK.

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q2 2025

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NGL Energy Partners reports strong Q1 '24 performance and outlines deleveraging strategy for fiscal '24

NGL Energy Partners delivered strong financial results, showcasing successful deleveraging and positive performance in key segments. While facing challenges in meeting analyst expectations and maintaining growth, the company has opportunities to capitalize on underutilized assets and reduce debt further.

NGL Energy Partners reports record Water Solutions performance and debt reduction strategy

NGL Energy Partners delivered strong performance in their Water Solutions business, reaffirming full-year guidance and emphasizing debt reduction. While facing challenges related to seasonality and MVC deficiency payments, the company is well-positioned to capitalize on opportunities in refinancing and potential industry consolidation.

NGL Energy Partners reports strong Q3 results amidst debt reduction focus

NGL Energy Partners' Q3 fiscal '23 performance reflects strength in Water Solutions and a strategic focus on debt reduction and balance sheet improvement.
While facing challenges in the Grand Mesa pipeline and propane segment, the company remains resilient and proactive in addressing operational and financial hurdles.
Opportunities for growth and financial optimization through asset sales and ABL facility extension position NGL for continued progress and enhanced financial flexibility.

NGL Energy Partners excels in fiscal '23, eyes debt reduction

NGL Energy Partners had a transformative fiscal '23 with record EBITDA and debt reduction, leading to a credit rating upgrade.
Strong performance in Water Solutions business drove fiscal success, with plans for continued debt reduction in fiscal '24.
Challenges include performance variations in logistics segments and concerns raised by analysts on various operational aspects.
Opportunities lie in asset sales, working capital optimization, and potential credit rating upgrades as debt decreases.

NGL Energy Partners excels in Q1, eyes growth amid challenges

NGL Energy Partners delivered a strong Q1 performance with record EBITDA and debt reduction progress.
The company's focus on increasing EBITDA, reducing debt, and operational excellence is evident.
Opportunities in propane, butane, and water sectors position NGL for a promising fiscal year.
Challenges in debt management and industry dynamics require strategic attention for sustained growth.

NGL Energy Partners excels in Q2, focuses on debt reduction

NGL Energy Partners delivered a strong Q2 performance, driven by Water Solutions and robust liquids logistics business, with a focus on debt reduction and operational efficiency.
The company reaffirmed guidance, raised expectations for Water Solutions, and aims to enhance liquidity while maintaining strong margins and pursuing growth opportunities.
Challenges lie in managing debt, sustaining margins in a dynamic market, and optimizing operational efficiency, but NGL Energy Partners is well-positioned for growth and financial improvement.

NGL Energy Partners excels in Q3 2024 with strategic growth plans

NGL Energy Partners delivered a solid performance in Q3 2024, showcasing financial resilience and strategic initiatives. Despite challenges in certain segments, the company's refinancing efforts, improved credit ratings, and focus on growth opportunities position it well for future success.

NGL Energy Partners reports solid fiscal 2024 performance and outlines growth strategies for 2025

NGL Energy Partners navigated challenges in fiscal 2024, leveraging strengths in Water Solutions while addressing performance issues in other segments. The company's strategic focus on capital structure improvements and growth initiatives sets a positive trajectory for fiscal 2025. Opportunities for value creation through asset sales, capex management, and operational enhancements are key areas of focus.

NGL Energy Partners reports strong Q2 earnings amidst revised guidance

NGL Energy Partners delivered a solid performance in Q2 2025, driven by robust EBITDA figures across key segments and strategic financial maneuvers.
While facing challenges in meeting revised EBITDA guidance, the company's strengths in cost management and operational efficiency provide a foundation for growth.
Opportunities in asset optimization, volume growth, and strategic initiatives offer avenues for NGL Energy Partners to enhance performance and navigate market uncertainties.

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NGL Energy Partners LP is an energy partnership that transports, treats, recycles, and disposes of produced water generated as part of the energy production process. It operates through the following segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes of produced and flow back water generated from oil and natural gas production. The Crude Oil Logistics segment purchases crude oil from producers and marketers and transports it to refineries or for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs. The Liquids Logistics segment conducts supply operations for natural gas liquids, refined petroleum products and biodiesel to a range of commercial, retail and industrial customers across the United States and Canada. The company was founded in 1940 and is headquartered in Tulsa, OK.

NGL's Q2 EBITDA was below expectations due to weak liquids business. Water solutions segment saw higher operating income, despite lower headline adjusted EBITDA. Liquids business is struggling, prompting NGL to lower full-year EBITDA guidance and consider asset sales; crude oil logistics also underperformed. Preferred units offer better risk/reward than common units; preferred B yields over 13% and is less exposed to business volatility outside water solutions.

NGL Preferred: Yields Way Too High, Opportunity In Common Units But Higher Risk

NGL Energy Partners LP Common Units. (NYSE:NGL ) Q2 2025 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Brad Cooper - Executive Vice President and Chief Financial Officer, NGL Energy Partners LP Michael Krimbill - Chief Executive Officer, NGL Energy Partners LP David Sullivan - Vice President Finance, NGL Energy Partners LP Doug White - Executive Vice President, Water Solutions Conference Call Participants Ned Baramov - Wells Fargo Operator Greetings.

NGL Energy Partners LP Common Units (NGL) Q2 2025 Earnings Call Transcript

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP Announces Second Quarter Fiscal 2025 Financial Results.

NGL Energy Partners LP Announces Second Quarter Fiscal 2025 Financial Results

NGL Energy Partners has not declared common distributions since 2020 and sadly, they might not return until 2029 or later. Mostly due to their Class D series preferred units that could see a $600m obligation arise in early 2028 when unitholders can force them to be redeemed. When added to their accompanying preferred distributions and estimated capital expenditure, I estimate a circa $300m cash shortfall across the next three years.

NGL Energy Partners: Distributions Might Not Return Until 2029 Or Later

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners Announces Earnings Call.

NGL Energy Partners Announces Earnings Call

The series B preferred shares of NGL offer a compelling risk/reward ratio, especially for income-oriented investors, with a 16.28% return over eight months. The B series preferred shares are slightly better than the C series due to a higher distribution yield and better liquidity. Both series are designed to float above LIBOR, but the B series benefits from an additional fallback spread, enhancing its yield.

NGL Preferred: 2 Reasons To Own The B Series Over The C Series

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP Announces Quarterly Cash Distribution for the Class B, Class C, and Class D Preferred Units.

NGL Energy Partners LP Announces Quarterly Cash Distribution for the Class B, Class C, and Class D Preferred Units

The company reaffirmed guidance for Fiscal 2025, with a focus on water solutions and capital usage to pay down debt. NGL Partners reported an okay first quarter with adjusted EBITDA of $144.3 million, driven by water services. Water services saw a slight increase in EBITDA, helped by higher skim oil profits and increased produced water processed.

NGL: It's All About Water. Common And Preferred Units Still Buys

NGL Energy Partners LP Common Units (NYSE:NGL ) Q1 2025 Earnings Conference Call August 8, 2025 5:00 PM ET Company Participants Brad Cooper - Executive Vice President and Chief Financial Officer, NGL Energy Partners LP Michael Krimbill - Chief Executive Officer, NGL Energy Partners LP David Sullivan - Vice President Finance, NGL Energy Partners LP Conference Call Participants Sunil Sibal - Seaport Research Partners Patrick Fitzgerald - Baird Jason Mandel - RBC Capital Markets [Transcript provided by the Company] Operator Thank you for standing by. My name is Max and I will be your conference operator for today.

NGL Energy Partners LP Common Units (NGL) Q1 2025 Earnings Call Transcript

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP Announces First Quarter Fiscal 2025 Financial Results.

NGL Energy Partners LP Announces First Quarter Fiscal 2025 Financial Results

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP Announces Availability of its 2023 Schedule K-3s.

NGL Energy Partners LP Announces Availability of Its 2023 Schedule K-3s

NGL Energy Partners (NGL) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

NGL Energy Partners (NGL) Loses -5.86% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

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NGL reported weaker than expected Q4 earnings, with adjusted EBITDA at $147.5 million compared to $173 million last year. Crude logistics and liquids were much weaker than expected, with lower production and expired contracts leading to lower volumes and margins. Water solutions performed well, with adjusted EBITDA at $123.4 million, and is expected to drive future growth for the company.

NGL: Soft Q4 In Crude And Liquids Logistics But Good Outlook

NGL Energy Partners LP Common Units (NYSE:NGL ) Q4 2024 Earnings Conference Call June 6, 2024 5:00 PM ET Company Participants Brad Cooper - Chief Financial Officer Mike Krimbill - Chief Executive Officer Conference Call Participants Tarek Hamid - J.P. Morgan Gregg Brody - Bank of America Jason Mendel - RBC Ned Baramov - Wells Fargo Operator Greetings.

NGL Energy Partners LP Common Units (NGL) Q4 2024 Earnings Call Transcript

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP Announces Fourth Quarter and Full Year Fiscal 2024 Financial Results; Guidance for Fiscal 2025.

NGL Energy Partners LP Announces Fourth Quarter and Full Year Fiscal 2024 Financial Results; Guidance for Fiscal 2025

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP Announces $50 Million LP Common Unit Repurchase Program.

NGL Energy Partners LP Announces $50 Million LP Common Unit Repurchase Program

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy NGL Energy Partners (NGL) Stock?

Are Investors Undervaluing NGL Energy Partners (NGL) Right Now?

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, NGL Energy Partners (NGL) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Fast-paced Momentum Stock NGL Energy Partners (NGL) Is Still Trading at a Bargain

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NGL Energy Partners LP has paid off all arrearages on its preferred stock, increasing investor confidence. The company plans to redeem its privately held series D preferred stock before committing capital elsewhere. The common equity of NGL is now very attractive, with the potential for significant growth in the next year.

NGL Energy Partners: Preferreds Going To Current Yield, Upside Now In The Common

TULSA, Okla.--(BUSINESS WIRE)--NGL Announces Payment of All Outstanding Distribution Arrearages for Class B, Class C and Class D Preferred Units as of April 25, 2024.

NGL Energy Partners LP Announces the Payment of All Outstanding Distribution Arrearages for Class B, Class C and Class D Preferred Units as of Payment Date April 25, 2024

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP Announces Sale of the New Mexico Ranches.

NGL Energy Partners LP Announces Sale of the New Mexico Ranches

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP Announces Cash Distribution of 55.4% of Outstanding Arrearages for Class B, Class C and Class D Preferred Units.

News for NGL Energy Partners Stock (NGL)