NGL Energy Partners reports Q4 EPS ($2.05) vs. (51c) last year

Reports Q4 revenue $1.63B vs. $2.05B last year. “The Partnership ended Fiscal 2024, with Adjusted EBITDA exceeding $610 million. Water Solutions achieved record annual water disposal volumes processed and Adjusted EBITDA, the Partnership executed a global refinancing, and sold non-core assets at attractive multiples. Fiscal 2025 holds more opportunities for growth projects with attractive returns, and continued reduction of our total leverage at fiscal 2025 year-end. NGL made two arrearage catch-up payments in Fiscal 2025, and became current on all preferred classes B, C and D’s in April,” stated Mike Krimbill, NGL’s CEO. “We are guiding Fiscal 2025 Water Solutions Adjusted EBITDA(1) to a range of $550 – $560 million and full year consolidated Adjusted EBITDA(1) of $665 million. Also, we are guiding to $210 million in total maintenance and growth capital expenditures for Fiscal 2025.”