Ngl Energy Partners Lp Stock Price, News & Analysis

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.

NGL Energy Partners LP (NYSE: NGL) will issue its fiscal fourth quarter and annual earnings report for the year ended March 31, 2022, post-market on June 6, 2022. Following the release, management will host a webcast at 4:00 pm CT to discuss financial results and guidance for fiscal 2023. Interested parties can join via the provided link or call in using the access code. An audio replay will be available for 14 days.

NGL Energy Partners LP (NYSE: NGL) has signed a new long-term agreement for produced water transportation, recycling, and disposal with an independent producer in the Delaware Basin. This partnership covers over 300,000 acres in New Mexico and Texas, reinforcing NGL’s commitment to its customer and enhancing its dedicated acreage portfolio to over 660,000 acres. The company operates the largest integrated network in the Delaware Basin, focusing on crude oil and natural gas production logistics.

NGL Energy Partners LP reported a loss from continuing operations of $19.0 million for Q3 Fiscal 2022, significantly improved from a loss of $380.4 million in Q3 Fiscal 2021, which was impacted by a $383.6 million goodwill write-down related to contract bankruptcies. Excluding asset impairment losses, the loss was $6.7 million, slightly higher than $6.6 million the previous year. The company achieved an Adjusted EBITDA of $147.7 million, up from $125.0 million year-over-year. Produced water volumes processed increased by 30%. NGL revised its fiscal guidance for Adjusted EBITDA to $550-$560 million.