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Ngl Energy Partners Lp (NGL)
NYSE:NGL
Earnings Data
Report Date
May 29, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0.21Last Year’s EPS
-2.05Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: -11.09%
|Next Earnings Date:May 29, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant strategic moves towards asset sales and operational focus on Water Solutions and Crude Oil Logistics segments. However, there were notable financial challenges, particularly in the Liquid Logistics segment and the impact of winding down the biodiesel business. The company's efforts to reduce debt and simplify operations are positive, but financial performance is under pressure from these transitions.Company Guidance
During NGL Energy Partners' third-quarter fiscal year 2025 earnings call, several key metrics and strategic updates were highlighted. The company entered into new contracts, projecting volumes on the Grand Mesa pipeline to reach 100,000 barrels per day. They also announced the sale of 18 natural gas liquids terminals for approximately $95 million, aiming to close by March 31, which will reduce working capital needs by $60 to $70 million annually. The winding down of the biodiesel business negatively impacted adjusted EBITDA by $12.1 million, but excluding biodiesel, adjusted EBITDA was $160 million, a 5% increase from the previous year. Water Solutions adjusted EBITDA rose to $132.7 million with disposal volumes increasing by 12% year-over-year. Operating expenses decreased to $0.21 per barrel, down from $0.25. Crude Oil Logistics saw a slight increase in adjusted EBITDA to $17.4 million despite a decrease in Grand Mesa volumes to 61,000 barrels per day. Liquids Logistics faced challenges with a decline in adjusted EBITDA to $8.2 million, excluding biodiesel impacts, the remaining businesses generated $20.3 million. Full-year EBITDA guidance was updated to $620 million, reflecting additional weakness in the liquid segment.New Customer Deals on Grand Mesa
NGL Energy Partners entered into a deal with Prairie Operating for a long-term acreage dedication, providing water disposal services and crude oil gathering and shipping on Grand Mesa. Additional contracts were signed, projecting future volume increases to 100,000 barrels per day.
Asset Sales Generating Significant Proceeds
Signed agreements to sell 18 natural gas liquids terminals for approximately $95 million and 143 railcars for $12.5 million, with total expected proceeds of $20 million. This is part of a strategy to reduce debt and simplify the asset base.
Water Solutions Segment Performance
Water Solutions adjusted EBITDA increased to $132.7 million from $121.3 million in the prior year, with disposal volumes up 12%. Operating expenses decreased, with per barrel processed costs dropping from $0.25 to $0.21.
Structural Changes and Debt Reduction
Exiting the biodiesel business reduced working capital needs by $30-$40 million annually and, along with propane business sales, reduced working capital by $60-$70 million. This strategy aims to smooth EBITDA seasonality and reduce debt.
LEX II Project Commencement
The LEX II project began operations in October and is performing as expected, contributing to operational stability.
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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
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NGL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 10, 2025 | $5.50 | $4.37 | -20.55% |
| Nov 12, 2024 | $4.13 | $4.33 | +4.84% |
| Aug 08, 2024 | $4.09 | $4.30 | +5.13% |
| Jun 06, 2024 | $5.89 | $5.47 | -7.13% |
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.
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FAQ
When does Ngl Energy Partners Lp (NGL) report earnings?
Ngl Energy Partners Lp (NGL) is schdueled to report earning on May 29, 2025, TBA Not Confirmed.
What is Ngl Energy Partners Lp (NGL) earnings time?
Ngl Energy Partners Lp (NGL) earnings time is at May 29, 2025, TBA Not 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 2025 (Q4) is 0.21.
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