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

NGL Energy Partners (NYSE:NGL) announced its quarterly earnings results on Thursday. The oil and gas company reported ($0.71) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.89), Zacks reports. NGL Energy Partners had a negative return on equity of 70.68% and a negative net margin of 4.51%.The company had revenue of $949.51 million during the quarter, compared to the consensus estimate of $941.52 million.

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

• NGL reported a strong fiscal 2026 finish, with adjusted EBITDA from continuing operations of about $660 million for the year and $176 million in Q4, near the high end of guidance.
• Water Solutions remained the core growth engine, delivering a record $603 million of full-year adjusted EBITDA and 11% year-over-year EBITDA growth, supported by contractual volumes and efficiency gains.
• The company continued to simplify and strengthen its balance sheet, including a $950 million refinancing and redemption of about 285,000 Class D preferred units, or roughly 47% of the original amount.
• Management announced a further LEX2 water system expansion, adding 165,000 barrels per day of capacity and backed by a long-term volume commitment contract, with room to expand to 650,000 barrels per day.
• For fiscal 2027, NGL guided to $715 million-$725 million of consolidated adjusted EBITDA and about $200 million of growth capex, but the outlook does not include any new contracts signed after the call or benefits from current crude prices.

NGL Energy Partners Trading Up 4.2%

Shares of NYSE NGL opened at $16.97 on Friday. The firm has a 50 day moving average of $14.76 and a 200 day moving average of $12.06. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of -5.17 and a beta of 0.58. NGL Energy Partners has a 12-month low of $3.10 and a 12-month high of $18.80.

NGL Energy Partners announced that its Board of Directors has initiated a stock repurchase plan 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 purchase up to 6.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have recently commented on NGL shares. Zacks Research upgraded shares of NGL Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of NGL Energy Partners in a research note on Monday, April 27th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Trading of NGL Energy Partners

Several large investors have recently added to or reduced their stakes in NGL. Bank of America Corp DE grew its position in NGL Energy Partners by 18.7% during the third quarter. Bank of America Corp DE now owns 11,728,872 shares of the oil and gas company’s stock valued at $70,373,000 after buying an additional 1,843,849 shares during the period. Goldman Sachs Group Inc. raised its stake in NGL Energy Partners by 9.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 7,522,370 shares of the oil and gas company’s stock worth $75,224,000 after acquiring an additional 651,779 shares during the period. Angelo Gordon & CO. L.P. purchased a new position in NGL Energy Partners during the second quarter valued at approximately $2,730,000. BNP Paribas Financial Markets lifted its holdings in NGL Energy Partners by 2,963.5% during the third quarter. BNP Paribas Financial Markets now owns 292,261 shares of the oil and gas company’s stock valued at $1,754,000 after purchasing an additional 282,721 shares in the last quarter. Finally, Nomura Holdings Inc. boosted its position in shares of NGL Energy Partners by 58.9% in the second quarter. Nomura Holdings Inc. now owns 455,183 shares of the oil and gas company’s stock worth $1,944,000 after purchasing an additional 168,772 shares during the period. 40.62% of the stock is currently 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.