Latest news with #NGLEnergyPartnersLP
Yahoo
5 days ago
- Business
- Yahoo
NGL Energy Partners (NGL): Among the Energy Stocks that Gained This Week
The share price of NGL Energy Partners LP (NYSE:NGL) surged by 12.73% between May 29 and June 5, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let's shed some light on the development. A pipeline stretching through a desert valley, a symbol of the companies transportation infrastructure. NGL Energy Partners LP (NYSE:NGL) is a diversified midstream MLP that provides multiple services to producers and end-users, including transportation, storage, blending, and marketing of crude oil, NGLs, refined products/renewables, and water solutions. NGL Energy Partners LP (NYSE:NGL) received a boost after posting strong results for its Q4 2025 last week, highlighting strong performance in its Water Solutions segment and successful asset sales that have led to significant debt reduction. The company reported an income from continuing operations of $65 million for FY 2025, compared to a loss from continuing operations of $157.7 million the previous year. NGL's adjusted EBITDA for FY 2025 came in at $622.9 million, surpassing its previous guidance of $620 million. NGL Energy Partners LP (NYSE:NGL) recently executed the sale of 18 natural gas liquids terminals and monetized several other non-core assets, helping the company optimize its asset portfolio and strengthen its balance sheet. While we acknowledge the potential of NGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
NGL Energy Partners (NGL): Among the Energy Stocks that Gained This Week
The share price of NGL Energy Partners LP (NYSE:NGL) surged by 12.73% between May 29 and June 5, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let's shed some light on the development. A pipeline stretching through a desert valley, a symbol of the companies transportation infrastructure. NGL Energy Partners LP (NYSE:NGL) is a diversified midstream MLP that provides multiple services to producers and end-users, including transportation, storage, blending, and marketing of crude oil, NGLs, refined products/renewables, and water solutions. NGL Energy Partners LP (NYSE:NGL) received a boost after posting strong results for its Q4 2025 last week, highlighting strong performance in its Water Solutions segment and successful asset sales that have led to significant debt reduction. The company reported an income from continuing operations of $65 million for FY 2025, compared to a loss from continuing operations of $157.7 million the previous year. NGL's adjusted EBITDA for FY 2025 came in at $622.9 million, surpassing its previous guidance of $620 million. NGL Energy Partners LP (NYSE:NGL) recently executed the sale of 18 natural gas liquids terminals and monetized several other non-core assets, helping the company optimize its asset portfolio and strengthen its balance sheet. While we acknowledge the potential of NGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
NGL Energy Partners LP (NGL) Q4 2025 Earnings Call Highlights: Strong Water Solutions Drive 20% ...
Consolidated Adjusted EBITDA (Q4): $176.8 million, up 20% from $147.9 million in the prior year fourth quarter. Full Year Adjusted EBITDA: $622.9 million, exceeding previous guidance of $620 million. Water Solutions Adjusted EBITDA (Q4): $154.9 million, up from $123.4 million in the prior year fourth quarter. Water Disposal Volumes (Q4): 2.73 million barrels per day, up from 2.39 million barrels per day in the prior year fourth quarter. Operating Cost per Barrel (Fiscal 2025): $0.22, down from $0.24 per barrel in fiscal 2024. Crude Oil Logistics Adjusted EBITDA (Q4): $13.1 million, down from $15.3 million in the prior year fourth quarter. Grand Mesa Pipeline Volumes (Q4): 56,000 barrels per day, down from 67,000 barrels per day in the prior year fourth quarter. Liquid's Logistics Adjusted EBITDA (Q4): $17.7 million, down from $22.2 million in the prior year fourth quarter. Fiscal 2026 EBITDA Guidance: $615 to $625 million. Total Capital Expenditures (Fiscal 2026): $105 million, with $60 million allocated to growth projects in the water solution segment. Warning! GuruFocus has detected 3 Warning Signs with NGL. Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. NGL Energy Partners LP (NYSE:NGL) successfully executed non-core asset sales, including natural gas liquids terminals and other businesses, generating proceeds at a double-digit multiple. The company reduced its working capital needs by eliminating $75 million on average, and over $100 million at peak, through asset sales and business wind-downs. NGL Energy Partners LP (NYSE:NGL) achieved a 20% increase in consolidated adjusted EBITDA for the fourth quarter, driven by strong performance in the water solutions segment. The water solutions business segment reported record water disposal volumes and adjusted EBITDA, with disposal volumes up 11% year-over-year. The company has made significant progress in reducing leverage by paying off outstanding indebtedness and purchasing Class D preferred units at a discount. Crude oil logistics adjusted EBITDA decreased due to lower volumes on the Grand Mesa pipeline, impacting overall financial performance. Liquid's logistics segment experienced a decline in adjusted EBITDA, with butane margins affected by a weak gasoline blending season. The company faces potential challenges from oil price uncertainty and its impact on water solutions segment activity levels. NGL Energy Partners LP (NYSE:NGL) anticipates a $20 million decline in skim oil revenues due to lower crude prices in fiscal 2026. The company is not planning to reinstate common unit distributions in the near term, focusing instead on reducing leverage and addressing Class D preferred units. Q: Could you offer more color on your expectations for the 2026 guidance, particularly regarding the water and logistics segments? A: The water guidance implies about $560 million within the $620 million midpoint. We accounted for a $20 million EBITDA pullback due to lower oil prices and less than $10 million from asset sales that won't contribute to future earnings. - Bradley Cooper, CFO Q: With new pipeline projects announced, do you see opportunities for growth beyond current projects in the water segment? A: We are focused on extending existing contracts and preparing for future growth opportunities with core customers. While new projects are announced, we are well-positioned with our current contracts and infrastructure. - Doug White, EVP Water Solutions Q: What impact will the new guidelines for Permian water disposal have on your business? A: The new guidelines focus on new permits. We have secured legacy permits that allow us to continue growth without being affected by the new regulations. - Doug White, EVP Water Solutions Q: How flexible is your capital spending if oil prices fluctuate? A: Our growth capital is already low at $60 million, and maintenance capital is predominantly for water. There is limited room to reduce it further. - H. Michael Krimbill, CEO Q: How do you view the potential reinstatement of common unit distributions? A: Near-term, we are focused on reducing Class D preferred units and leverage. We do not anticipate reinstating distributions in the next few quarters. - H. Michael Krimbill, CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
05-05-2025
- Business
- Yahoo
NGL Energy Partners LP Announces Recent Asset Sales and Other Cash Proceeds Totaling Approximately $270 Million
TULSA, Okla., May 05, 2025--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE:NGL) ("NGL," or the "Partnership") announces the closing of multiple asset sales, including the previously announced sale of 17 of its natural gas liquids terminals and the Green Bay terminal. In addition, NGL closed on the sale of its Rack Marketing refined products business, its Limestone Ranch ownership, and our remaining crude rail car fleet and other miscellaneous proceeds. These non-core asset sales allow NGL to focus on its core assets in the portfolio and redirect the capital to improving the capital structure. "These asset sales reduce the volatility and seasonality of our Adjusted EBITDA and working capital requirements. The proceeds will be used to pay off the remaining ABL balance and the excess cash will be used for additional deleveraging and addressing other parts of our capital structure," commented Mike Krimbill, CEO of NGL. Forward-Looking Statements Certain matters contained in this press release include "forward-looking statements." All statements, other than statements of historical fact, included in this press release may constitute forwarding-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include, but are not limited to, the risk factors discussed from time to time in each of our documents and reports filed with the SEC. Readers are cautioned not to place undue reliance on any forward-looking statements contained in this press release, which reflect management's opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements. About NGL Energy Partners LP NGL Energy Partners LP, a Delaware limited partnership, operates the largest integrated network of large diameter wastewater pipelines, disposal wells and produced water handling systems in the Delaware Basin. NGL also operates wastewater disposal in the Eagle Ford and DJ Basins. In addition, NGL markets and provides other logistics services for crude oil, through its ownership of the Grand Mesa Pipeline System, Cushing terminal and other Gulf Coast terminals. For further information, visit the Partnership's website at View source version on Contacts Investor Contact: NGL Energy Partners LPDavid Sullivan, 918-495-4631Vice President - Sign in to access your portfolio
Business Wire
05-05-2025
- Business
- Business Wire
NGL Energy Partners LP Announces Recent Asset Sales and Other Cash Proceeds Totaling Approximately $270 Million
TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE:NGL) ('NGL,' or the 'Partnership') announces the closing of multiple asset sales, including the previously announced sale of 17 of its natural gas liquids terminals and the Green Bay terminal. In addition, NGL closed on the sale of its Rack Marketing refined products business, its Limestone Ranch ownership, and our remaining crude rail car fleet and other miscellaneous proceeds. These non-core asset sales allow NGL to focus on its core assets in the portfolio and redirect the capital to improving the capital structure. 'These asset sales reduce the volatility and seasonality of our Adjusted EBITDA and working capital requirements. The proceeds will be used to pay off the remaining ABL balance and the excess cash will be used for additional deleveraging and addressing other parts of our capital structure,' commented Mike Krimbill, CEO of NGL. Forward-Looking Statements Certain matters contained in this press release include 'forward-looking statements.' All statements, other than statements of historical fact, included in this press release may constitute forwarding-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include, but are not limited to, the risk factors discussed from time to time in each of our documents and reports filed with the SEC. Readers are cautioned not to place undue reliance on any forward-looking statements contained in this press release, which reflect management's opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements. About NGL Energy Partners LP NGL Energy Partners LP, a Delaware limited partnership, operates the largest integrated network of large diameter wastewater pipelines, disposal wells and produced water handling systems in the Delaware Basin. NGL also operates wastewater disposal in the Eagle Ford and DJ Basins. In addition, NGL markets and provides other logistics services for crude oil, through its ownership of the Grand Mesa Pipeline System, Cushing terminal and other Gulf Coast terminals. For further information, visit the Partnership's website at
