NGL Energy Partners (NYSE:NGL) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

NGL Energy Partners (NYSE:NGL) released its quarterly earnings data on Tuesday. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06), Zacks reports. NGL Energy Partners had a negative return on equity of 53.56% and a net margin of 3.29%.

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

• Record water volumes and stronger Water Solutions results — Water Solutions Adjusted EBITDA rose to $154.5M (up 16.5% YoY) as physical disposal hit ~3.07M bbl/day in the quarter and exceeded 3.5M bbl/day in early January; full-year FY26 EBITDA guidance remains $650–$660M and management expects >$700M for FY27.
• Capital-allocation progress — Management redeemed ~88,506 Class D preferred units (~15% of original), repurchased ~1.6M common units in the quarter (8.7M total, ~7% outstanding) and says leverage is down to the low ~4.0x area while prioritizing further Class D eliminations.
• Long-term technology and treatment initiatives — The company is advancing an AI/ML program to drive operational efficiencies and signed an MOU with Natura to explore nuclear-powered thermal desalination in Reeves County, with a TPDES permit draft expected soon; these are strategic but longer-term and currently non-material to near-term CapEx.
• Lower results and strategic exits in liquids segments — Crude Oil Logistics and Liquids Logistics Adjusted EBITDA declined YoY (to $15.4M and $15.2M, respectively), driven by lower oil prices, fewer high-tariff committed volumes on Grand Mesa, and prior divestitures of propane/refined-products businesses that reduce segment diversification.

NGL Energy Partners Trading Down 2.3%

Shares of NYSE:NGL traded down $0.29 during midday trading on Tuesday, reaching $11.91. The company had a trading volume of 1,101,972 shares, compared to its average volume of 475,726. The stock has a market cap of $1.50 billion, a P/E ratio of -66.19 and a beta of 0.31. The company’s 50 day moving average price is $10.00 and its 200 day moving average price is $7.53. NGL Energy Partners has a 52-week low of $2.64 and a 52-week high of $13.00.

Institutional Investors Weigh In On NGL Energy Partners

Several large investors have recently modified their holdings of the stock. Mariner LLC lifted its position in NGL Energy Partners by 17.9% during the third quarter. Mariner LLC now owns 230,502 shares of the oil and gas company’s stock valued at $1,383,000 after purchasing an additional 35,000 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of NGL Energy Partners by 18.7% in the 3rd quarter. Bank of America Corp DE now owns 11,728,872 shares of the oil and gas company’s stock worth $70,373,000 after buying an additional 1,843,849 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of NGL Energy Partners by 2,963.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 292,261 shares of the oil and gas company’s stock valued at $1,754,000 after buying an additional 282,721 shares in the last quarter. Nomura Holdings Inc. raised its position in shares of NGL Energy Partners by 58.9% during the 2nd quarter. Nomura Holdings Inc. now owns 455,183 shares of the oil and gas company’s stock valued at $1,944,000 after buying an additional 168,772 shares in the last quarter. Finally, Angelo Gordon & CO. L.P. bought a new stake in shares of NGL Energy Partners during the 2nd quarter worth $2,730,000. Hedge funds and other institutional investors own 40.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NGL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NGL Energy Partners in a research report on Wednesday, January 28th. Zacks Research upgraded shares of NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus 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.