Ngl Energy Partners Lp Stock Price, News & Analysis

NGL Energy Partners LP (NYSE:NGL) reported a net income of $3.6 million for Q2 Fiscal 2023, rebounding from a net loss of $1.2 million in Q2 Fiscal 2022. For the first six months, net income reached $26.7 million, compared to a net loss of $135.7 million the previous year. Adjusted EBITDA for Q2 was $142.2 million, slightly down from $146.3 million in Q2 2022. The Water Solutions segment reported record processed water volumes of 2.27 million barrels per day, a 28.7% increase year-over-year. The company reaffirmed Adjusted EBITDA guidance exceeding $600 million for the fiscal year.

NGL Energy Partners LP (NYSE: NGL) will release its fiscal second quarter earnings for the period ending September 30, 2022, after the market closes on November 9, 2022. An earnings call is scheduled for the same day at 4:00 PM CT, where management will discuss financial results. Interested parties can join via webcast or by phone. This announcement provides insight into NGL's ongoing operations as a midstream energy company involved in the transportation and logistics of crude oil and natural gas liquids.

NGL Energy Partners LP's Water Solutions segment is highlighted in the Discovery Channel's Tomorrow's World Today for its advancements in sustainable produced water reuse technology. Collaborating with XRI Holdings, NGL aims to minimize freshwater usage in oil and gas activities. This episode showcases the potential for recycled water applications beyond oil and gas, including agriculture. NGL operates a vast network of pipelines and recycling facilities in key oil-producing regions like the Delaware Basin and Midland Basin, enhancing its commitment to sustainable practices.

NGL Energy Partners LP (NYSE:NGL) will attend the Wells Fargo 2022 Leveraged Finance Conference in Nashville, Tennessee from September 7-9, 2022. NGL’s management team will engage in one-on-one meetings with investors during the event. A slide presentation related to the conference is available on NGL's website under the Investor Relations section. NGL is a diversified midstream energy company focused on transporting, storing, and marketing crude oil and natural gas liquids, along with providing logistics services.

NGL Energy Partners LP (NYSE:NGL) has made its 2021 Schedule K-3s available online for unitholders. This tax document is particularly vital for foreign unitholders and those needing specific tax reporting information. The partnership will not distribute physical copies of the Schedule K-3, encouraging stakeholders to access it electronically. Unitholders are advised to consult their tax advisors regarding the use of the Schedule K-3 for federal income tax filings. For more information, visit www.taxpackagesupport.com/ngl.

NGL Energy Partners LP (NYSE:NGL) reported a net income of $23.1 million for Q1 Fiscal 2023, a significant recovery from a $134.5 million net loss in Q1 Fiscal 2022. Adjusted EBITDA surged to $123.9 million, up from $91.1 million a year earlier. Record water solutions EBITDA reached $105.0 million, marking a 28.9% year-over-year increase. Processed produced water volumes also hit a record 2.15 million barrels per day, a 29.2% increase year-over-year. Based on strong Q1 results, the company raised its Water Solutions segment guidance to over $410 million for Fiscal 2023.

NGL Energy Partners LP (NYSE:NGL) has successfully completed the 225-mile Ambassador Pipeline in Michigan. This bi-directional pipeline enables reliable propane supply to customers across central, northern, and western Michigan. The infrastructure includes two terminals: the Wheeler Terminal with 480,000 gallons storage and the Kalkaska Terminal with 420,000 gallons storage, both equipped for efficient loading. NGL's EVP, Jeff Pinter, highlighted the pipeline's role in enhancing supply reliability while reducing truck traffic and CO2 emissions, addressing energy cost concerns for Michigan residents.

NGL Energy Partners LP (NYSE: NGL) is set to release its fiscal first quarter earnings for the period ending June 30, 2022, after market close on August 9, 2022. Following the earnings press release, NGL’s management will conduct a call at 4:00 PM CT to discuss the financial results. Interested participants can access the webcast via the provided link or dial in using the given phone number and access code. The event promises to provide insights into NGL's operational performance during the quarter.

NGL Energy Partners LP (NYSE:NGL) reported a loss of $29.4 million for Q4 fiscal 2022 and $184.1 million for the full year. However, produced water processing volumes surged by 37.7%, reaching approximately 1.93 million barrels per day. The company achieved $342 million in Adjusted EBITDA, a 42% increase year-over-year, and anticipates over $400 million in Adjusted EBITDA for fiscal 2023, up from a prior estimate of $385 million. NGL's strong operational performance positions it for expected total Adjusted EBITDA of at least $600 million for fiscal 2023, with capital expenditures projected at $100 million.