NGL News & Events

NGL Energy Partners trading halted, volatility trading pause

Reports Q3 revenue $909.8M, one estimate $700.8M. Reports Q3 adjusted EBITDA from continuing operations of $172.5M vs. $158.0M y/y. "NGL posted another strong quarter driven by the Water Solutions segment. We are reaffirming our full year guide for Adjusted EBITDA(2) of between $650 million to $660 million. We continue to see opportunities in the Water Solutions segment that continues to indicate Fiscal 2027 will be another strong year for the Partnership with Adjusted EBITDA eclipsing $700 million," stated Mike Krimbill NGL's CEO.

NGL is increasing its consolidated adjusted EBITDA guidance range to $650M-$660M versus a previous guidance range of $615M-$625M for Fiscal 2026. NGL is increasing growth capital from $60M to $160M due to new contracts executed that are supported by 500,000 barrels per day of producer volume commitments. Due to the timing of the new contracts mentioned above, the in-service dates will be spread out over the next few months, such that the majority of the adjusted EBITDA will be realized in Fiscal 2027. NGL expects Fiscal 2027 adjusted EBITDA to exceed $700M. "This has been an outstanding quarter for NGL with success on multiple initiatives that we believe will ultimately increase value to our Unitholders. Our current Water Solutions business continues to outperform and is experiencing accelerated growth. In addition, we are redeeming additional Class D Preferred equity and buying common units at attractive prices. On the heels of the momentum, we are projecting Fiscal 2027 Adjusted EBITDA in excess of $700 million," stated Mike Krimbill NGL's CEO.