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NGL Energy Partners (NGL)
NYSE:NGL
Earnings Data
Report Date
Jun 08, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.18Last Year’s EPS
-0.12Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive operational and financial picture driven by record water volumes, strong Water Solutions EBITDA growth (+16.5%), consolidated adjusted EBITDA growth (+9.2%), successful project execution ahead of schedule and under budget, and meaningful capital allocation progress (preferred redemption, common unit repurchases, reduced leverage). Offsetting items include declines in Crude Oil and Liquids Logistics EBITDA (approximately -11% and -18%), lower per-barrel margins on parts of the pipeline business, near-term weather-related volume variability, and the multi-step, longer-timeline nature of large-scale treatment projects and AI benefits which remain unquantified.Company Guidance
Consolidated Adjusted EBITDA Growth
Adjusted EBITDA from continuing operations of $172.5 million versus $158.0 million a year ago, a 9.2% increase; reaffirmed full-year EBITDA guidance of $650–$660 million and projecting fiscal 2027 EBITDA to exceed $700 million for the first time.
Water Solutions Record Volumes and Strong EBITDA
Water Solutions adjusted EBITDA of $154.5 million versus $132.7 million prior-year Q3, a 16.5% increase. Physical produced water processed averaged 3.07 million barrels per day versus 2.60 million bpd prior-year Q3, up 17.1%. Total volumes paid to dispose (including deficiency volumes) were 3.13 million bpd versus 2.91 million bpd, up approximately 7% year-over-year.
All-Time Daily Water Disposal Records
Achieved intraday operational records in the period: an all-time daily record of ~3.3 million bpd in the quarter and 3.5+ million bpd received on January 16, reflecting capacity increases from capital investments (including 27 miles of 24-inch Western Express pipeline expansion).
Capital Allocation and Deleveraging Progress
Redeemed an additional ~15% of original Class D preferred outstanding; repurchased 1.6 million common units in the quarter and ~8.7 million units (~7% of outstanding) since program inception at an average price of $5.70. Leverage reduced to the low 4.0x area and management has eliminated roughly 25% of future common unit dilution through warrant purchases and repurchases.
Successful Project Execution
Delaware Basin growth projects executed ahead of schedule and under budget; new contracted volumes from these projects are online and contributing to results, enabling management to expect a strong start to fiscal 2027.
Strategic Portfolio Streamlining
Liquids platform repositioned (sale of wholesale propane business and 17 NGL terminals, exit of refined products, winding down biodiesel marketing) to focus on Centennial butane blending; management reports the streamlined footprint is performing as expected.
Technology and Long-Term Treatment Initiatives
AI/machine-learning initiative in year two using SCADA and other data to drive operational efficiencies (anticipated measurable contributions this calendar year). Entered an MOU with Natura Resources to evaluate advanced modular nuclear reactor + thermal desalination for large-scale produced water treatment; progressing toward TPDES discharge permit draft and long-term desalination strategy without immediate nuclear CapEx to NGL.
Operating Expense Improvement
Reported operating expenses of $0.18 per barrel this quarter attributable to nonrecurring expense reductions, contributing to improved unit economics.
NGL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NGL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $11.89 | $11.86 | -0.25% |
Nov 04, 2025 | $6.78 | $8.57 | +26.40% |
Aug 07, 2025 | $4.00 | $4.50 | +12.50% |
May 29, 2025 | $3.22 | $3.49 | +8.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does NGL Energy Partners (NGL) report earnings?
NGL Energy Partners (NGL) is schdueled to report earning on Jun 08, 2026, Before Open (Confirmed).
What is NGL Energy Partners (NGL) earnings time?
NGL Energy Partners (NGL) earnings time is at Jun 08, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NGL EPS forecast?
NGL EPS forecast for the fiscal quarter 2026 (Q4) is 0.18.