NGL News & Events

NGL Energy Partners sees FY27 adjusted EBITDA $715M-$725M

Reports Q4 revenue $949.51M vs $971.07M last year. "The Partnership ended Fiscal 2026, with Adjusted EBITDA of $660.2 million, at the high end of our previous guidance of $650 - $660 million. Fiscal 2027 is off to a solid start and we have more opportunities to continue growing our water business as well as addressing our capital structure and strengthening our balance sheet," stated Mike Krimbill, NGL's CEO. "We are guiding Fiscal 2027 full year consolidated Adjusted EBITDA to a range of $715 - $725 million, the high end of which is a 10% increase above our Fiscal 2026 predominantly driven by the strong momentum we have in our Water Solutions segment. Also we are guiding to $45 million in maintenance and $200 million of growth capital expenditures for Fiscal 2027," Krimbill concluded.

NGL Energy Partners announced that the Board of Directors of its general partner has authorized a common unit repurchase program, under which NGL may repurchase up to $100M of its outstanding units representing limited partnership interests of NGL and does not have a fixed expiration date. The stock repurchase program does not obligate NGL to acquire a specified number of units and may be modified, suspended, or discontinued at any time at NGL's discretion without notice.