NGL - NGL Energy Partners GAAP EPS of -$0.11 revenue of $1.61B

2023-08-09 16:43:21 ET

• NGL Energy Partners press release ( NYSE: NGL ): Q1 GAAP EPS of -$0.11.
• Revenue of $1.61B (-35.6% Y/Y).
• Shares +1% .
• Net income for the first quarter of Fiscal 2024 of $19.6 million, compared to net income of $23.1 million for the first quarter of Fiscal 2023
• Adjusted EBITDA ⁽¹⁾ for the first quarter of Fiscal 2024 of $134.7 million, compared to $123.9 million for the first quarter of Fiscal 2023
• Produced water volumes processed of approximately 2.46 million barrels per day during the first quarter of Fiscal 2024, growing 14.1% from the first quarter of Fiscal 2023
• Water Solutions’ quarterly Adjusted EBITDA ⁽¹⁾ of $123.2 million for the first quarter of Fiscal 2024, a 17.3% increase compared to the first quarter of Fiscal 2023
• Increasing asset sales guidance from $50 million to $75 million in Fiscal 2024
• Reducing growth capital expenditures by $10 million, from $75 million to $65 million

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