The earnings call reflects a positive outlook with strong performance in the Water Solutions segment, successful asset sales leading to debt reduction, and a strategic focus on core business areas. However, there are challenges in the Crude Oil and Liquids Logistics segments and potential headwinds from oil price uncertainty. Despite these lowlights, the highlights significantly outweigh the challenges.

Company Guidance -

Q1 2026

During the NGL Energy Partners LP 2025 Q4 earnings call, CFO Brad Cooper outlined several key financial metrics and strategic moves. The quarter's consolidated adjusted EBITDA from continuing operations was reported at $176.8 million, marking a 20% increase from the prior year's $147.9 million, primarily due to the Water Solutions segment's performance. For the full fiscal year, adjusted EBITDA reached $622.9 million, surpassing their guidance of $620 million. The Water Solutions segment alone reported an adjusted EBITDA of $154.9 million for the quarter, with a notable increase in water disposal volumes to 2.73 million barrels per day, an 11% rise compared to the previous year. The company's asset sales, including non-core assets and the wind-down of the biodiesel business, resulted in reduced volatility and seasonality of adjusted EBITDA, freeing up over $100 million of working capital. These proceeds were used to pay off outstanding indebtedness, including the purchase of 20,000 Class D preferred units. For fiscal 2026, NGL Energy Partners guides an EBITDA range of $615 million to $625 million, with capital expenditures totaling $105 million, $60 million of which will be allocated to growth projects within the Water Solutions segment.

Successful Non-Core Asset Sales

NGL Energy Partners LP closed on the sale of 18 natural gas liquids terminals and monetized several other non-core assets, generating proceeds at a double-digit multiple.

Water Solutions Segment Growth

Water Solutions adjusted EBITDA was $154.9 million in Q4, up from $123.4 million in the prior year, driven by higher disposal volumes and fees. Total disposal volumes increased by 11% year-over-year.

Reduction in Operating Costs

Operating cost per barrel in the Water Solutions segment decreased to 22¢ for fiscal 2025 from 24¢ in fiscal 2024.

Full-Year Adjusted EBITDA Exceeds Guidance

Full-year adjusted EBITDA was $622.9 million, surpassing the previous guidance of $620 million.

Debt Reduction and Capital Structure Improvement

Proceeds from asset sales helped pay off the entirety of the outstanding indebtedness on the ABL, and 20,000 units of Class D preferreds were purchased in the open market.

Strategic Focus on Core Water Solutions Business

NGL Energy Partners LP is concentrating on its Water Solutions segment, which will generate approximately 85% of adjusted EBITDA.

NGL Energy Partners (NGL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NGL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 07, 2025	2026 (Q1)	-0.11 / -	-0.14	―	―	―
May 29, 2025	2025 (Q4)	0.01 / -0.12	-2.05	94.15% (+1.93)
Feb 10, 2025	2025 (Q3)	0.20 / -0.12	0.08	-250.00% (-0.20)
Nov 12, 2024	2025 (Q2)	0.07 / -0.21	-0.05	-320.00% (-0.16)
Aug 08, 2024	2025 (Q1)	0.07 / -0.14	-0.11	-27.27% (-0.03)
Jun 06, 2024	2024 (Q4)	0.29 / -2.05	-0.51	-301.96% (-1.54)
Feb 08, 2024	2024 (Q3)	0.14 / 0.08	0.19	-57.89% (-0.11)
Nov 09, 2023	2024 (Q2)	-0.29 / -0.05	-0.21	76.19% (+0.16)
Aug 09, 2023	2024 (Q1)	0.16 / -0.11	-0.04	-175.00% (-0.07)
May 31, 2023	2023 (Q4)	0.21 / -0.51	-0.43	-18.60% (-0.08)

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
May 29, 2025	$3.22	$3.49	+8.39%
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%

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 Lp (NGL) report earnings?

Ngl Energy Partners Lp (NGL) is schdueled to report earning on Aug 07, 2025, Before Open (Confirmed).

What is Ngl Energy Partners Lp (NGL) earnings time?

Ngl Energy Partners Lp (NGL) earnings time is at Aug 07, 2025, 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 (Q1) is -0.11.

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