NGL News and Press, NGL ENERGY PARTNERS LP representing Limited Partner Interests From 02/13/23

Summary Back in late 2022, it was not looking good for NGL Energy which was struggling to deleverage. At the time, I feared too much damage was done with too little progress made but excitingly, perhaps it was merely darkest before the dawn. Fast forward to the present day and they ...

Units of NGL Energy Partners (NYSE: NGL) were up more than 20% as of 11 a.m. ET on Friday. Fueling the master limited partnership's (MLP) rally was its fiscal third-quarter report. NGL Energy Partners' adjusted EBITDA increased from $147.7 million in last year'...

NGL Energy Partners LP (NGL) Q3 2023 Earnings Conference Call February 09, 2023, 05:30 PM ET Company Participants Brad Cooper - EVP and CFO Mike Krimbill - CEO Kurston McMurray - General Counsel Doug White - EVP, Water Solutions Jeff Pinter - EVP, Liquids Logis...

NGL Energy Partners press release ( NYSE: NGL ): Q3 GAAP EPS of $0.19 misses by $0.01 . Revenue of $2.14B (-1.4% Y/Y) misses by $490M . Adjusted EBITDA (1) for the third quarter of Fiscal 2023 of $193.3 million, compared to $147.7 million for the third quarter of F...

NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its third quarter Fiscal 2023 financial results. Highlights include: Net income for the third quarter of Fiscal 2023 of $59.0 million, compared...

Summary Energy equities shook off declining commodity prices to end the week with a gain. Low-quality names caught a bid from the "risk-on" trade. Natural gas-weighted names underperformed as the commodity plunged 10%. Energy Income Performance The S&P 500 surged 2...

Summary NGL Energy Partners LP recently hiked EBITDA guidance and reported impressive debt reduction. Despite these positives, the company's financial outlook is precarious. Given NGL Energy Partners LP's lack of free cash flow and high cost of capital, its common equity remains at ...

Summary Commodity-exposed energy names significantly outperformed during the week. Various names have either broken out or are on the verge of breaking out to 52-week highs. We see this week's trends continuing in 2023 given our bullish oil-price outlook. Energy Income Per...

Summary Income-producing energy stocks outperformed during the week’s violent commodity selloff. The strong performance came from attractive valuations and the sector’s positive outlook for 2023. MLPs outperformed after their selloff in December. Energy Incom...

NGL Energy Partners ( NYSE: NGL ) said Tuesday it raised adjusted EBITDA guidance for FY 2023 to more than $630M from over $600M, citing continued increases in water volumes processed in the Delaware Basin and other cash flow positive developments. Of the $630M, NGL Energy ( NGL...