NGL Energy Partners reports Q1 EPS (14c) vs (11c) last year

Reports Q1 revenue $1.387B vs $1.616B last year. “We have had a strong start to Fiscal 2025 with $144.3 million in Adjusted EBITDA(1) in the first quarter. We are reaffirming our guidance for Fiscal 2025 with Water Solutions Adjusted EBITDA(2) to a range of $550 – $560 million and full year consolidated Adjusted EBITDA(2) of $665 million. Our focus remains on continued balance sheet improvement by reducing absolute debt and leverage, plus the completion of the LEX II pipeline,” stated Mike Krimbill.