NGL Energy Partners (NYSE:NGL) Posts Quarterly Earnings Results, Misses Expectations By $0.89 EPS

NGL Energy Partners (NYSE:NGL) released its earnings results on Thursday. The oil and gas company reported ($0.71) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.89), Zacks reports. NGL Energy Partners had a negative net margin of 4.51% and a negative return on equity of 70.68%. The company had revenue of $949.51 million during the quarter, compared to the consensus estimate of $941.52 million.

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

• NGL reported a strong fiscal 2026 finish, with adjusted EBITDA from continuing operations of about $660 million for the year and $176 million in Q4, near the high end of guidance.
• Water Solutions remained the core growth engine, delivering a record $603 million of full-year adjusted EBITDA and 11% year-over-year EBITDA growth, supported by contractual volumes and efficiency gains.
• The company continued to simplify and strengthen its balance sheet, including a $950 million refinancing and redemption of about 285,000 Class D preferred units, or roughly 47% of the original amount.
• Management announced a further LEX2 water system expansion, adding 165,000 barrels per day of capacity and backed by a long-term volume commitment contract, with room to expand to 650,000 barrels per day.
• For fiscal 2027, NGL guided to $715 million-$725 million of consolidated adjusted EBITDA and about $200 million of growth capex, but the outlook does not include any new contracts signed after the call or benefits from current crude prices.

NGL Energy Partners Stock Up 4.2%

NYSE:NGL opened at $16.96 on Friday. NGL Energy Partners has a 12 month low of $3.10 and a 12 month high of $18.80. The company’s 50-day moving average price is $14.76 and its two-hundred day moving average price is $12.06. The firm has a market cap of $2.10 billion, a PE ratio of -5.17 and a beta of 0.58.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NGL. Bank of America Corp DE raised its stake in shares of NGL Energy Partners by 18.7% in the third 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 acquiring an additional 1,843,849 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in NGL Energy Partners by 9.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 7,522,370 shares of the oil and gas company’s stock worth $75,224,000 after acquiring an additional 651,779 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of NGL Energy Partners by 0.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,069,571 shares of the oil and gas company’s stock worth $30,696,000 after purchasing an additional 28,659 shares in the last quarter. Angelo Gordon & CO. L.P. bought a new position in NGL Energy Partners during the second quarter worth about $2,730,000. Finally, Nomura Holdings Inc. grew its position in shares of NGL Energy Partners by 58.9% in 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 purchasing an additional 168,772 shares during the period. 40.62% of the stock is owned by institutional investors.

NGL Energy Partners declared that its Board of Directors has initiated a stock repurchase plan on Thursday, April 9th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the oil and gas company to purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of NGL Energy Partners in a research report on Monday, April 27th. Zacks Research upgraded NGL Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

NGL Energy Partners Company Profile

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.