Ngl Energy Partners Lp Stock Price, News & Analysis

NGL Energy Partners LP (NYSE:NGL) reported its Q3 Fiscal 2025 financial results, showing a net income of $14.6 million, down from $45.8 million in Q3 Fiscal 2024. Adjusted EBITDA was $147.7 million, slightly lower than $151.7 million in the previous year.

Key operational highlights include a 10.4% growth in produced water volumes to 2.62 million barrels per day, the commencement of LEX II pipeline operations, and new customer contracts in the DJ Basin. The company signed agreements to sell 18 natural gas liquids terminals for approximately $95.0 million, with closings expected by March 31, 2025.

Segment performance showed mixed results: Water Solutions saw higher disposal revenues but increased losses on asset disposals, Crude Oil Logistics experienced reduced volumes on the Grand Mesa Pipeline, and Liquids Logistics faced lower margins due to warmer weather and reduced demand. The company maintained strong liquidity of $292.1 million as of December 31, 2024.

NGL Energy Partners (NYSE: NGL) has scheduled its fiscal quarter-ended December 31, 2024 earnings release for Monday, February 10, 2025, after market close. The company will host an earnings conference call the same day at 4:00 pm CT to discuss financial results. Interested participants can join via webcast or by phone at (888) 506-0062 using conference code 239040. An audio replay will be available for 14 days, accessible by dialing (877) 481-4010 with passcode 51875.

NGL Energy Partners LP (NYSE: NGL) has announced quarterly distributions for its preferred unit holders. The company will distribute $0.7542 per Class B Preferred Unit (12.068% floating rate) and $0.7486 per Class C Preferred Unit (11.977% floating rate). Additionally, Class D Preferred Units will receive a total distribution of $18,095,455.60. All distributions are scheduled for January 15, 2025, to holders of record as of January 1, 2025.

NGL Energy Partners LP reported mixed Q2 Fiscal 2025 results with net income dropping to $3.4 million from $28.3 million in Q2 Fiscal 2024. Adjusted EBITDA decreased to $147.3 million from $176.2 million year-over-year. The company reduced its SOFR margin from 4.50% to 3.75% and commenced operations on LEX II pipeline. Despite a 9% increase in disposed water volumes, NGL lowered its full-year consolidated Adjusted EBITDA guidance to $640-650 million due to projected warmer weather, lower crude oil prices, and Liquids Logistics performance.

NGL Energy Partners LP (NYSE: NGL) has announced quarterly distributions for its Class B, Class C, and Class D Preferred Units for the quarter ending September 30, 2024. The Class B Preferred Units will receive $0.8004 per unit, while the Class C Preferred Units will receive $0.7947 per unit. The Class D Preferred Units will receive a total distribution of $19,247,689.10. All distributions are set to be paid on October 15, 2024, to unitholders of record as of October 1, 2024. This announcement demonstrates NGL's commitment to providing returns to its preferred unitholders in accordance with the partnership agreement.

NGL Energy Partners LP (NYSE:NGL) reported its first quarter Fiscal 2025 financial results, highlighting net income of $10.5 million and Adjusted EBITDA of $144.3 million. The company declared and paid significant distributions to preferred unit holders, totaling $218.1 million. NGL also sold assets in New Mexico for approximately $81.5 million and authorized a $50 million common unit repurchase program.

The company reaffirmed its Fiscal 2025 guidance, projecting Water Solutions Adjusted EBITDA between $550-$560 million and full-year consolidated Adjusted EBITDA of $665 million. NGL's focus remains on balance sheet improvement through debt reduction and the completion of the LEX II pipeline. Additionally, the company amended its Term Loan B agreement, reducing the SOFR margin from 4.50% to 3.75%.

NGL Energy Partners LP (NYSE:NGL) has announced the availability of its 2023 Schedule K-3s, which contain information on international tax relevance. Unitholders can access their Schedule K-3 online at www.taxpackagesupport.com/ngl. This information is primarily relevant for foreign unitholders, those computing foreign tax credits, and certain corporate and partnership unitholders.

NGL does not plan to mail Schedule K-3s to investors. However, unitholders can request an electronic copy via email by calling Tax Package Support at (877) 222-3208. The Partnership encourages unitholders to review the information on the Schedule K-3 and consult with their tax advisors if necessary for their federal income tax return filing needs.

NGL Energy Partners LP (NYSE: NGL) has announced its plans to release its fiscal quarter earnings report for the period ending June 30, 2024. The report will be issued after market close on Thursday, August 8, 2024. Following the release, NGL's management team will host an earnings call at 4:00 pm CDT on the same day to discuss the financial results.

Interested parties can join the webcast via the provided event link or dial in using the conference code: NGL Energy Partners. An audio replay of the call will be available for 14 days, accessible by dialing a specific number and using the replay passcode 50965.

NGL Energy Partners LP (NYSE: NGL) announced its Board of Directors has declared quarterly cash distributions for its Class B, Class C, and Class D Preferred Units for the quarter ending June 30, 2024.

Class B Preferred Units, with a 12.511% floating rate, will receive $0.7820 per unit. Class C Preferred Units, with a 12.682% floating rate, will receive $0.7926 per unit. Both distributions will be paid on July 15, 2024, to holders of record on July 1, 2024.

Additionally, a distribution of $15,608,478.65 was declared for Class D Preferred Units, to be paid on the same date. These decisions align with the terms of NGL's partnership agreement.