NGL Energy Partners Trading Halted Due to Volatility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 04 2026
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Should l Buy NGL?
NGL Energy Partners trading halted, volatility trading pause
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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.
Angelo Gordon Initiates $31.6 Million Position in Quanex Building Products
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- 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.
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NGL Energy (NGL) Q3 2026 Earnings Call Transcript
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- Revenue Analysis: The company's revenue of $909.82 million represents a 7.4% year-over-year decline, although it exceeded market expectations by $209.06 million, the ongoing revenue drop may affect future growth outlooks.
- Growth Potential: NGL Energy Partners has proposed an attractive growth strategy as its water business ramps up, indicating a strategic intent to diversify operations, which could lay the groundwork for a performance rebound in the future.
- Market Reaction: Following a recent 135% rally in stock price, the market has reassessed NGL Energy Partners' stock rating, and despite potential short-term volatility, the long-term growth prospects continue to attract investor interest.
See More
NGL Energy Partners Reports Strong Q3 Fiscal 2026 Results Driven by Water Solutions
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- Adjusted EBITDA Guidance: The company reaffirms its full-year guidance for Adjusted EBITDA between $650 million and $660 million, reflecting ongoing growth and opportunities in the Water Solutions segment, suggesting a positive outlook for future financial performance.
- Increased Capital Expenditures: As of December 31, 2025, NGL reported total liquidity of approximately $331.1 million, primarily allocated to capital expenditures within the Water Solutions segment, demonstrating the company's commitment to investment and confidence in future growth.
- Overall Financial Performance: Total revenue for Q3 2025 reached $909.8 million, and despite a $7.6 million decline in operating income from the Liquids Logistics segment, overall operating income still amounted to $109.7 million, showcasing the company's resilience and adaptability across its diversified operations.
See More
NGL Energy Partners Reports Strong Q3 Fiscal 2026 Results with Record Water Solutions Volumes
- Significant Revenue Growth: In Q3 of Fiscal 2026, NGL reported income from continuing operations of $48.2 million, a remarkable 102.5% increase from $23.7 million in Q3 of Fiscal 2025, indicating strong performance in the Water Solutions segment and enhancing future financial stability.
- Adjusted EBITDA Increase: The Adjusted EBITDA for the third quarter reached $172.5 million, up 9.2% from $158.0 million in the same quarter last year, reflecting ongoing improvements in operational efficiency and cost control, which bolster investor confidence.
- Record Water Disposal Volumes: NGL disposed of approximately 3.07 million barrels of water per day in Q3, a 17.1% year-over-year increase, which not only enhances market share but also underscores the company's leadership in water solutions, setting a solid foundation for future growth.
- Share Repurchase Program: The company repurchased over 1.61 million common units during the quarter, bringing the total repurchased to approximately 8.7 million units at an average price of $5.6963, a move that not only boosts earnings per share but also reflects confidence in the company's intrinsic value.
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 (NGL) Q3 2026 Earnings Call Transcript
See More
NGL Energy Partners Reports Q3 Earnings with Mixed Results
- Earnings Performance: NGL Energy Partners reported a GAAP EPS of $0.10 for Q3, missing expectations by $0.06, indicating a shortfall in profitability that could negatively impact investor confidence.
- Revenue Analysis: The company's revenue of $909.82 million represents a 7.4% year-over-year decline, although it exceeded market expectations by $209.06 million, the ongoing revenue drop may affect future growth outlooks.
- Growth Potential: NGL Energy Partners has proposed an attractive growth strategy as its water business ramps up, indicating a strategic intent to diversify operations, which could lay the groundwork for a performance rebound in the future.
- Market Reaction: Following a recent 135% rally in stock price, the market has reassessed NGL Energy Partners' stock rating, and despite potential short-term volatility, the long-term growth prospects continue to attract investor interest.
See More
NGL Energy Partners Reports Strong Q3 Fiscal 2026 Results Driven by Water Solutions
- Water Solutions Growth: For the quarter ended December 31, 2025, NGL's Water Solutions segment saw operating income increase by $32.8 million year-over-year to $98.2 million, primarily driven by higher processed water volumes and the operational commencement of the LEX II pipeline, indicating strong market demand and growth potential with projected Adjusted EBITDA exceeding $700 million for Fiscal 2027.
- Adjusted EBITDA Guidance: The company reaffirms its full-year guidance for Adjusted EBITDA between $650 million and $660 million, reflecting ongoing growth and opportunities in the Water Solutions segment, suggesting a positive outlook for future financial performance.
- Increased Capital Expenditures: As of December 31, 2025, NGL reported total liquidity of approximately $331.1 million, primarily allocated to capital expenditures within the Water Solutions segment, demonstrating the company's commitment to investment and confidence in future growth.
- Overall Financial Performance: Total revenue for Q3 2025 reached $909.8 million, and despite a $7.6 million decline in operating income from the Liquids Logistics segment, overall operating income still amounted to $109.7 million, showcasing the company's resilience and adaptability across its diversified operations.
See More
NGL Energy Partners Reports Strong Q3 Fiscal 2026 Results with Record Water Solutions Volumes
- Significant Revenue Growth: In Q3 of Fiscal 2026, NGL reported income from continuing operations of $48.2 million, a remarkable 102.5% increase from $23.7 million in Q3 of Fiscal 2025, indicating strong performance in the Water Solutions segment and enhancing future financial stability.
- Adjusted EBITDA Increase: The Adjusted EBITDA for the third quarter reached $172.5 million, up 9.2% from $158.0 million in the same quarter last year, reflecting ongoing improvements in operational efficiency and cost control, which bolster investor confidence.
- Record Water Disposal Volumes: NGL disposed of approximately 3.07 million barrels of water per day in Q3, a 17.1% year-over-year increase, which not only enhances market share but also underscores the company's leadership in water solutions, setting a solid foundation for future growth.
- Share Repurchase Program: The company repurchased over 1.61 million common units during the quarter, bringing the total repurchased to approximately 8.7 million units at an average price of $5.6963, a move that not only boosts earnings per share but also reflects confidence in the company's intrinsic value.
See More
