Welcome to our dedicated page for Ngl Energy Partners Lp news (Ticker: NGL), a resource for investors and traders seeking the latest updates and insights on Ngl Energy Partners Lp stock.
NGL Energy Partners LP (NGL) is a vertically integrated midstream energy company providing critical services across crude oil logistics, water solutions, and natural gas liquids distribution. This page serves as the definitive source for official news, financial updates, and operational developments directly from the company.
Investors and industry professionals will find timely press releases covering quarterly earnings, strategic partnerships, infrastructure expansions, and sustainability initiatives. Our curated collection includes updates across all business segments: crude oil transportation, produced water treatment, retail propane distribution, and emerging renewable energy projects.
Bookmark this page for streamlined access to NGL's latest regulatory filings, leadership announcements, and market position updates. All content is sourced from verified corporate communications, ensuring accuracy for informed decision-making. Check regularly for developments impacting the midstream energy sector and NGL's role within it.
NGL Energy Partners LP (NYSE: NGL) has partnered with XRI Holdings, LLC to enhance full-cycle produced water management in the Delaware Basin. NGL operates the largest integrated produced water pipeline system, managing over 1.8 million barrels per day. XRI, the leading produced water recycling company in the Permian Basin, manages more than 1.2 million barrels per day. This collaboration leverages NGL's resources and XRI's recycling expertise, addressing the rising need for sustainable water use in completions activities while allowing both companies to operate independently.
NGL Energy Partners LP (NYSE: NGL) plans to issue its fiscal 2022 Q3 earnings release on February 9, 2022, after market close. Management will host an earnings call at 4:00 pm CST on the same day to discuss the financial results. Interested analysts and investors can join the call via this link or by dialing (888) 506-0062 with access code 294091. An archived audio replay will be available for 14 days by dialing (877) 481-4010 with replay passcode 44432.
NGL Energy Partners LP reported a loss from continuing operations of $1.2 million for Q2 Fiscal 2022, down from a profit of $6.0 million in Q2 Fiscal 2021. Excluding asset impairments, income from continuing operations was $12.5 million, slightly up from $11.9 million last year.
Adjusted EBITDA reached a record $146.3 million, compared to $138.0 million a year prior, driven by a 43% increase in the Water Solutions segment. NGL expects full-year adjusted EBITDA guidance between $570 million and $600 million, with capital expenditures projected at $115 million.
NGL Energy Partners LP (NYSE: NGL) will release its fiscal 2022 second quarter earnings on November 9, 2021, post-market close. An earnings call is scheduled for the same day at 4:00 pm CST, led by management to discuss financial results. Interested parties can access the call via webcast or by phone. NGL emphasizes its commitment to transparency, highlighting the potential risks and uncertainties inherent in forward-looking statements.
NGL Energy Partners LP (NYSE:NGL) has announced the promotion of Linda Bridges to Executive Vice President and Chief Financial Officer, effective September 30, 2021. Ms. Bridges joined the company in June 2016 and has held several key positions, contributing significantly to recent financing efforts. Robert W. Karlovich III will resign from his role on the same date for personal business interests. CEO H. Michael Krimbill expressed confidence in Bridges' capabilities to lead financial strategies during the company’s de-leveraging process.
NGL Energy Partners LP (NYSE:NGL) reported a loss from continuing operations of $134.5 million for Q1 Fiscal 2022, compared to $33.8 million in Q1 Fiscal 2021. Adjusted EBITDA was $91.1 million, slightly up from $91.0 million year-over-year. The Water Solutions segment achieved a record Adjusted EBITDA of $81.5 million, benefiting from increased produced water volumes. NGL reaffirmed its FY 2022 Adjusted EBITDA guidance of $570 million - $600 million. Liquidity stood at $303 million as of June 30, 2021, with no significant debt maturities until November 2023.
NGL Energy Partners LP (NYSE: NGL) plans to release its fiscal 2022 first quarter earnings on August 9, 2021, after market close. The management will host a conference call at 4:00 PM CDT to discuss the financial results. Analysts and investors can register for the call here. An audio replay will be available for seven days following the call.
NGL Energy Partners LP (NYSE: NGL) has successfully completed its first large-scale wastewater recycling project in Lea County, NM, supporting simultaneous fracturing activities. The project produced approximately 130,000 barrels per day, peaking at 140,000 barrels, while eliminating the need for over 5 million barrels of fresh water. A second project is expected to begin soon, aiming to provide between 200,000 and 350,000 barrels per day. Increased demand for raw produced and recycled wastewater in the Delaware Basin is anticipated, with projected sales averaging 180,000 to 190,000 barrels per day in the first half of the fiscal year.
NGL Energy Partners LP (NYSE: NGL) announces a binding open season starting July 9, 2021, for its Grand Mesa Pipeline, which will conclude on August 9, 2021. The Grand Mesa pipeline, extending 550 miles from Weld County, Colorado, to Cushing, Oklahoma, has a capacity to transport up to 150,000 barrels per day. This initiative aims to re-contract available capacity that has recently opened due to shipper bankruptcies. The terms align closely with those from the 2016 open season. Interested parties can access the open season documents after executing a confidentiality agreement.
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