NGL Energy Partners LP Common Units 2025 Q3 - Results - Earnings Call Presentation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2025
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Source: SeekingAlpha
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Analyst Views on NGL
About NGL
NGL Energy Partners LP is a master limited partnership. It operates an integrated network of large-diameter wastewater pipelines, disposal wells and produced water handling systems in the Delaware Basin. It also operates wastewater disposal in the Eagle Ford and DJ Basins. In addition, it markets and provides other logistics services for crude oil, through its ownership of the Grand Mesa Pipeline System, Cushing terminal and other Gulf Coast terminals. Its Water Solutions segment transports, treats, recycles and disposes of produced and flowback water generated from crude oil and natural gas production. Its Crude Oil Logistics segment purchases crude oil from producers and marketers and transports it to refineries or for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities and other trade hubs, and provides storage, terminaling and transportation services. Its Liquids Logistics segment conducts supply operations for natural gas liquids.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NGL Energy Partners LP Preferred Dividend History
- Dividend Overview: NGL Energy Partners LP recently declared a dividend of $0.6903 per share, reflecting the stable yield of its 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Preferred Units, which enhances investor confidence in its long-term investment value.
- Market Performance Analysis: In Tuesday trading, NGL.PRC preferred shares fell approximately 1.1%, while common shares NGL rose about 1.9%, indicating a relative weakness in demand for preferred shares that may influence investors' asset allocation decisions.
- ETF Composition Ratio: NGL Energy Partners LP constitutes 3.60% of the Junior MLP ETF (MLPJ), highlighting its significance among small to mid-cap master limited partnerships, potentially attracting more investors interested in its dividend policies.
- Investor Focus: As market interest in S.A.F.E. dividend stocks grows, NGL.PRC's preferred shares may become a focal point for investors, particularly those seeking stable income, further driving its market performance.
See More
NGL Energy Partners Declares Quarterly Distributions for Preferred Units
- Quarterly Distribution Announcement: NGL Energy Partners has declared quarterly distributions for its 11.135% Class B and 11.045% Class C Preferred Units, amounting to $0.6960 and $0.6903 per unit respectively, to be paid on April 15, 2026, demonstrating the company's commitment to shareholder returns.
- Cash Distribution Details: The Board also approved a cash distribution of $8,750,959.03 for Class D Preferred Units for the quarter ending March 31, 2026, enhancing the company's appeal in capital markets and ensuring investor confidence.
- Record Date for Holders: All distributions will be made to holders of record as of April 1, 2026, ensuring compliance and protecting shareholder rights, reflecting the company's transparency in its distribution policy.
- Forward-Looking Statements: The announcement includes forward-looking statements indicating that while the company maintains optimistic expectations for the future, it faces uncertainties and risks, cautioning investors to carefully assess potential market fluctuations.
See More
NGL.PRB Stock Performance and Dividend History
- Stock Performance: In Friday trading, NGL Energy Partners LP's 9.00% Class B Fixed-to-Floating Rate Cumulative shares (Symbol: NGL.PRB) remained flat, while common shares (Symbol: NGL) rose approximately 2.5%, indicating higher market activity for the common stock.
- Dividend History: The historical dividend payments of NGL.PRB highlight its appeal as a fixed-income investment, as its 9.00% dividend rate continues to provide investors with stable cash flow despite the current flat stock performance.
- Market Reaction: The lack of movement in NGL.PRB's stock price, contrasted with the rise in common shares, suggests a positive market sentiment towards NGL Energy Partners LP's overall performance, potentially reflecting investor confidence in the company's future growth.
- Investor Interest: The fixed-income nature of NGL.PRB attracts investors seeking stable returns, and while current market performance is subdued, its dividend rate may still draw the attention of long-term investors.
See More
NGL Energy Partners Closes $950 Million Term Loan Facility
- Loan Financing Scale: NGL Energy Partners successfully closed a seven-year $950 million senior secured term loan through its wholly owned subsidiaries, increasing the amount from $687.8 million by $250 million, indicating proactive steps towards optimizing its capital structure.
- Clear Use of Proceeds: The net proceeds from the loan will be used to repay existing borrowings, repurchase a portion of Class D Preferred Units, and for general corporate purposes, which is expected to enhance the company's financial flexibility and competitive position in the market.
- Preferred Unit Buyback Plan: NGL plans to utilize the additional funds to repurchase approximately 195,000 Class D Preferred Units, leaving about 316,000 units remaining post-transaction, a move that will help enhance shareholder value and simplify the capital structure.
- Credit Facility Adjustment: Concurrently with the loan closing, NGL amended its asset-based revolving credit facility, reducing the total commitments from $475 million to $425 million, reflecting strategic decisions in optimizing financial resource allocation.
See More
Angelo Gordon Initiates $31.6 Million Position in Quanex Building Products
- New Position: Angelo Gordon acquired 2,054,770 shares of Quanex Building Products during Q4 2025, totaling $31.6 million, indicating confidence in the company's growth potential despite current challenges.
- Holding Proportion: This acquisition represents 2.98% of Angelo Gordon's reportable 13F assets, reflecting a bullish outlook on the building products market, even as the company faces profitability pressures.
- Financial Performance: Quanex reported $409.1 million in revenue for the latest quarter, alongside a $4.1 million net loss and negative $31.5 million in free cash flow, highlighting cash generation amidst uneven housing demand.
- Market Reaction: Since the end of the quarter, Quanex's stock has risen approximately 15%, contrasting with a 1% decline in the S&P 500, suggesting optimistic market sentiment regarding its future performance.
See More
Small Cap Stocks Report Negative EPS Surprises
- Negative Earnings Impact: During the nearing end of Q4 earnings season, both NGL Energy Partners LP and BioAge Labs reported negative EPS surprises, each holding a Quant Rating of 4.96, indicating market disappointment despite strong fundamentals.
- Strong Buy Ratings: Companies like Quad/Graphics, Citi Trends, and Green Plains maintain Strong Buy ratings despite missing earnings expectations, reflecting investor confidence in their future growth potential.
- Diverse Sector Performance: The list features a range of sectors including energy, pharmaceuticals, commercial printing, apparel retail, and regional banking, showcasing the broad impact of small-cap stocks across various economic areas.
- Quantitative Rating System: Seeking Alpha's Quant Rating system evaluates stocks based on critical metrics such as valuation, growth, stock momentum, and profitability, with all listed stocks receiving Strong Buy ratings, indicating their compelling fundamentals remain intact.
See More
NGL Energy Partners LP Preferred Dividend History
- Dividend Overview: NGL Energy Partners LP recently declared a dividend of $0.6903 per share, reflecting the stable yield of its 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Preferred Units, which enhances investor confidence in its long-term investment value.
- Market Performance Analysis: In Tuesday trading, NGL.PRC preferred shares fell approximately 1.1%, while common shares NGL rose about 1.9%, indicating a relative weakness in demand for preferred shares that may influence investors' asset allocation decisions.
- ETF Composition Ratio: NGL Energy Partners LP constitutes 3.60% of the Junior MLP ETF (MLPJ), highlighting its significance among small to mid-cap master limited partnerships, potentially attracting more investors interested in its dividend policies.
- Investor Focus: As market interest in S.A.F.E. dividend stocks grows, NGL.PRC's preferred shares may become a focal point for investors, particularly those seeking stable income, further driving its market performance.
See More
NGL Energy Partners Declares Quarterly Distributions for Preferred Units
- Quarterly Distribution Announcement: NGL Energy Partners has declared quarterly distributions for its 11.135% Class B and 11.045% Class C Preferred Units, amounting to $0.6960 and $0.6903 per unit respectively, to be paid on April 15, 2026, demonstrating the company's commitment to shareholder returns.
- Cash Distribution Details: The Board also approved a cash distribution of $8,750,959.03 for Class D Preferred Units for the quarter ending March 31, 2026, enhancing the company's appeal in capital markets and ensuring investor confidence.
- Record Date for Holders: All distributions will be made to holders of record as of April 1, 2026, ensuring compliance and protecting shareholder rights, reflecting the company's transparency in its distribution policy.
- Forward-Looking Statements: The announcement includes forward-looking statements indicating that while the company maintains optimistic expectations for the future, it faces uncertainties and risks, cautioning investors to carefully assess potential market fluctuations.
See More
NGL.PRB Stock Performance and Dividend History
- Stock Performance: In Friday trading, NGL Energy Partners LP's 9.00% Class B Fixed-to-Floating Rate Cumulative shares (Symbol: NGL.PRB) remained flat, while common shares (Symbol: NGL) rose approximately 2.5%, indicating higher market activity for the common stock.
- Dividend History: The historical dividend payments of NGL.PRB highlight its appeal as a fixed-income investment, as its 9.00% dividend rate continues to provide investors with stable cash flow despite the current flat stock performance.
- Market Reaction: The lack of movement in NGL.PRB's stock price, contrasted with the rise in common shares, suggests a positive market sentiment towards NGL Energy Partners LP's overall performance, potentially reflecting investor confidence in the company's future growth.
- Investor Interest: The fixed-income nature of NGL.PRB attracts investors seeking stable returns, and while current market performance is subdued, its dividend rate may still draw the attention of long-term investors.
See More
NGL Energy Partners Closes $950 Million Term Loan Facility
- Loan Financing Scale: NGL Energy Partners successfully closed a seven-year $950 million senior secured term loan through its wholly owned subsidiaries, increasing the amount from $687.8 million by $250 million, indicating proactive steps towards optimizing its capital structure.
- Clear Use of Proceeds: The net proceeds from the loan will be used to repay existing borrowings, repurchase a portion of Class D Preferred Units, and for general corporate purposes, which is expected to enhance the company's financial flexibility and competitive position in the market.
- Preferred Unit Buyback Plan: NGL plans to utilize the additional funds to repurchase approximately 195,000 Class D Preferred Units, leaving about 316,000 units remaining post-transaction, a move that will help enhance shareholder value and simplify the capital structure.
- Credit Facility Adjustment: Concurrently with the loan closing, NGL amended its asset-based revolving credit facility, reducing the total commitments from $475 million to $425 million, reflecting strategic decisions in optimizing financial resource allocation.
See More
Angelo Gordon Initiates $31.6 Million Position in Quanex Building Products
- New Position: Angelo Gordon acquired 2,054,770 shares of Quanex Building Products during Q4 2025, totaling $31.6 million, indicating confidence in the company's growth potential despite current challenges.
- Holding Proportion: This acquisition represents 2.98% of Angelo Gordon's reportable 13F assets, reflecting a bullish outlook on the building products market, even as the company faces profitability pressures.
- Financial Performance: Quanex reported $409.1 million in revenue for the latest quarter, alongside a $4.1 million net loss and negative $31.5 million in free cash flow, highlighting cash generation amidst uneven housing demand.
- Market Reaction: Since the end of the quarter, Quanex's stock has risen approximately 15%, contrasting with a 1% decline in the S&P 500, suggesting optimistic market sentiment regarding its future performance.
See More
Small Cap Stocks Report Negative EPS Surprises
- Negative Earnings Impact: During the nearing end of Q4 earnings season, both NGL Energy Partners LP and BioAge Labs reported negative EPS surprises, each holding a Quant Rating of 4.96, indicating market disappointment despite strong fundamentals.
- Strong Buy Ratings: Companies like Quad/Graphics, Citi Trends, and Green Plains maintain Strong Buy ratings despite missing earnings expectations, reflecting investor confidence in their future growth potential.
- Diverse Sector Performance: The list features a range of sectors including energy, pharmaceuticals, commercial printing, apparel retail, and regional banking, showcasing the broad impact of small-cap stocks across various economic areas.
- Quantitative Rating System: Seeking Alpha's Quant Rating system evaluates stocks based on critical metrics such as valuation, growth, stock momentum, and profitability, with all listed stocks receiving Strong Buy ratings, indicating their compelling fundamentals remain intact.
See More
