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Ngl Energy Partners Lp (NGL)
NYSE:NGL
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.2Last Year’s EPS
0.08Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 32.69%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
While there are positive developments such as strong Water Solutions performance, successful financial restructuring, and strategic growth initiatives, these are tempered by reduced full-year EBITDA guidance and underperformance in some segments.Company Guidance
In the NGL Energy Partners Q2 2025 earnings call, the company reported a consolidated adjusted EBITDA of $147.3 million, with strong contributions from the Water Solutions and Crude Logistics segments. The Water Solutions segment alone achieved an adjusted EBITDA of $182.9 million, reflecting a 9% increase in water disposal volumes quarter-over-quarter. The company successfully reduced its interest expense by $5.25 million annually by amending the SOFR margin on its Term Loan B. Additionally, the LEX II expansion project was completed on time, with a capacity of 200,000 barrels per day, expandable to 500,000 barrels per day. Despite a reduction in EBITDA guidance for the full fiscal year to $640 million-$650 million due to potential challenges like warm weather and lower crude prices, NGL highlighted strategic efforts such as asset sales, contracting additional producers, and reducing leverage. The company also entered agreements to purchase 92% of outstanding warrants, mitigating a potential 18% dilution event. Total CapEx guidance for fiscal 2025 remains at $210 million, with Water Solutions projected to contribute $550 million to $560 million in EBITDA.Strong Water Solutions Performance
Water Solutions adjusted EBITDA was $182.9 million in Q2 with a 9% increase in physical water disposal volumes quarter-over-quarter.
Successful Repricing of Term Loan B
Repricing of the SOFR margin from 450 basis points to 375 basis points, reducing interest expense by approximately $5.25 million per year.
Completion of LEX II Expansion Project
The LEX II expansion project with an initial capacity of 200,000 barrels per day, expandable to 500,000 barrels per day, was placed in service in October, on time.
Warrant Repurchase
Entered agreements to purchase 92% of outstanding warrants from Class B unitholders, eliminating a potential 18% dilution event to common unitholders over the next 5 years.
Strategic Focus on Long-Term Growth
Continued focus on creating long-term value through asset sales, reducing leverage, and strategic investments in the Delaware Basin.
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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 |
|---|---|---|---|
| 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% |
| Feb 08, 2024 | $5.77 | $5.83 | +1.04% |
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 Feb 10, 2025, TBA Not Confirmed.
What is Ngl Energy Partners Lp (NGL) earnings time?
Ngl Energy Partners Lp (NGL) earnings time is at Feb 10, 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 (Q3) is 0.2.
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