When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
NGL - Why NGL Energy Partners Units Are Soaring Again Today
NGL ENERGY PARTNERS LP representing Limited Partner Interests
Shares of NGL Energy Partners (NYSE: NGL) were soaring 12.5% higher at 10:57 a.m. ET on Monday, continuing their meteoric ascent following an upbeat fiscal third-quarter earnings report on Thursday that saw it turn a $0.35-per-share loss last year into a $0.19-per-share profit this year.
NGL's units -- since it is a master limited partnership (MLP), it issues units, not shares -- have now nearly doubled in value this year. Since they are traded on the NYSE, they function much like stock shares.