NGL Energy Partners ( (NGL) ) has released its Q1 earnings. Here is a breakdown of the information NGL Energy Partners presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
NGL Energy Partners LP is a Delaware-based master limited partnership operating in the energy sector, primarily focusing on water solutions, crude oil logistics, and liquids logistics. The company provides services such as water transportation, treatment, and disposal, crude oil purchase and transportation, and natural gas liquids supply operations across the United States and Canada.
In its latest earnings report for the quarter ended June 30, 2025, NGL Energy Partners highlighted a strategic shift with the sale of its refined products business and the winding down of its biodiesel operations. The company reported total revenues of $622.2 million, a decrease from $759.2 million in the same quarter of the previous year, reflecting these strategic changes.
Key financial metrics from the report include a net income of $69.6 million, significantly up from $10.5 million in the previous year, driven by gains from discontinued operations. Operating income increased to $97.5 million from $82.1 million, despite a reduction in revenues, indicating improved operational efficiency. The company also managed to reduce its long-term debt from $2.96 billion to $2.87 billion.
The company’s strategic divestitures and focus on core operations have positioned it for future growth. Management remains optimistic about the company’s ability to capitalize on its streamlined operations and maintain financial stability in the coming quarters.