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, formed in 2010, is a US-based company that occupies a unique niche in the midstream energy sector. As a vertically integrated full-service Master Limited Partnership (MLP), NGL Energy Partners serves customers at various points along the crude oil and natural gas liquids supply chain, water treatment, and retail propane industry. This diversified platform allows the company to pursue multiple growth strategies effectively.
NGL Energy Partners operates through five main business segments:
- Crude Oil Logistics: This segment handles the marketing, storage, and transportation of crude oil. The company owns crude oil storage terminals and pipeline injection stations, ensuring seamless logistics operations across the United States.
- Water Solutions: NGL Energy Partners provides services for the treatment, disposal, and recycling of wastewater generated from crude oil and natural gas production. The company also manages the disposal of solids such as tank bottoms and drilling fluids.
- NGL Liquids: This segment focuses on the supply of natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants. The company ensures a consistent supply chain for these essential products.
- Retail Propane: NGL Energy Partners sells propane directly to end-users, offering services that cater to residential, commercial, and agricultural needs.
- Refined Products/Renewables: The company is also involved in the marketing and distribution of refined petroleum products and renewable fuels, further diversifying its portfolio.
NGL Energy Partners' asset base spreads throughout the United States, establishing a competitive advantage. While the company is large enough to serve its extensive customer base effectively, it remains agile enough to respond quickly to emerging growth opportunities. This combination of size and flexibility positions NGL Energy Partners as a leader in the midstream energy sector.
The company has recently been involved in several noteworthy projects, enhancing its infrastructure and expanding its service offerings. Financially, NGL Energy Partners maintains a strong position, supported by strategic partnerships and a commitment to operational excellence.
For the latest updates and relevant information about their performance, events, and developments, NGL Energy Partners remains a significant player worth watching in the energy industry.
NGL Energy Partners LP (NYSE:NGL) has made its 2021 Schedule K-3s available online for unitholders. This tax document is particularly vital for foreign unitholders and those needing specific tax reporting information. The partnership will not distribute physical copies of the Schedule K-3, encouraging stakeholders to access it electronically. Unitholders are advised to consult their tax advisors regarding the use of the Schedule K-3 for federal income tax filings. For more information, visit www.taxpackagesupport.com/ngl.
NGL Energy Partners LP (NYSE:NGL) reported a net income of $23.1 million for Q1 Fiscal 2023, a significant recovery from a $134.5 million net loss in Q1 Fiscal 2022. Adjusted EBITDA surged to $123.9 million, up from $91.1 million a year earlier. Record water solutions EBITDA reached $105.0 million, marking a 28.9% year-over-year increase. Processed produced water volumes also hit a record 2.15 million barrels per day, a 29.2% increase year-over-year. Based on strong Q1 results, the company raised its Water Solutions segment guidance to over $410 million for Fiscal 2023.
NGL Energy Partners LP (NYSE:NGL) has successfully completed the 225-mile Ambassador Pipeline in Michigan. This bi-directional pipeline enables reliable propane supply to customers across central, northern, and western Michigan. The infrastructure includes two terminals: the Wheeler Terminal with 480,000 gallons storage and the Kalkaska Terminal with 420,000 gallons storage, both equipped for efficient loading. NGL's EVP, Jeff Pinter, highlighted the pipeline's role in enhancing supply reliability while reducing truck traffic and CO2 emissions, addressing energy cost concerns for Michigan residents.
NGL Energy Partners LP (NYSE: NGL) is set to release its fiscal first quarter earnings for the period ending June 30, 2022, after market close on August 9, 2022. Following the earnings press release, NGL’s management will conduct a call at 4:00 PM CT to discuss the financial results. Interested participants can access the webcast via the provided link or dial in using the given phone number and access code. The event promises to provide insights into NGL's operational performance during the quarter.
NGL Energy Partners LP (NYSE:NGL) reported a loss of $29.4 million for Q4 fiscal 2022 and $184.1 million for the full year. However, produced water processing volumes surged by 37.7%, reaching approximately 1.93 million barrels per day. The company achieved $342 million in Adjusted EBITDA, a 42% increase year-over-year, and anticipates over $400 million in Adjusted EBITDA for fiscal 2023, up from a prior estimate of $385 million. NGL's strong operational performance positions it for expected total Adjusted EBITDA of at least $600 million for fiscal 2023, with capital expenditures projected at $100 million.
NGL Energy Partners LP (NYSE: NGL) will issue its fiscal fourth quarter and annual earnings report for the year ended March 31, 2022, post-market on June 6, 2022. Following the release, management will host a webcast at 4:00 pm CT to discuss financial results and guidance for fiscal 2023. Interested parties can join via the provided link or call in using the access code. An audio replay will be available for 14 days.
NGL Energy Partners LP (NYSE: NGL) has signed a new long-term agreement for produced water transportation, recycling, and disposal with an independent producer in the Delaware Basin. This partnership covers over 300,000 acres in New Mexico and Texas, reinforcing NGL’s commitment to its customer and enhancing its dedicated acreage portfolio to over 660,000 acres. The company operates the largest integrated network in the Delaware Basin, focusing on crude oil and natural gas production logistics.
NGL Energy Partners LP reported a loss from continuing operations of $19.0 million for Q3 Fiscal 2022, significantly improved from a loss of $380.4 million in Q3 Fiscal 2021, which was impacted by a $383.6 million goodwill write-down related to contract bankruptcies. Excluding asset impairment losses, the loss was $6.7 million, slightly higher than $6.6 million the previous year. The company achieved an Adjusted EBITDA of $147.7 million, up from $125.0 million year-over-year. Produced water volumes processed increased by 30%. NGL revised its fiscal guidance for Adjusted EBITDA to $550-$560 million.
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.
FAQ
What is the current stock price of NGL ENERGY PARTNERS LP (NGL)?
What is the market cap of NGL ENERGY PARTNERS LP (NGL)?
What is NGL Energy Partners LP known for?
When was NGL Energy Partners LP formed?
What are the main business segments of NGL Energy Partners LP?
What services does NGL Energy Partners LP provide?
What makes NGL Energy Partners LP unique?
Where does NGL Energy Partners LP operate?
How does NGL Energy Partners LP achieve growth?
Who are the customers of NGL Energy Partners LP?
What recent achievements has NGL Energy Partners LP made?
Why should investors consider NGL Energy Partners LP?
