NGL Energy Partners Q1 Adjusted EBITDA Jumps 30%, Raises Full-Year Guidance
NGL has more than doubled off its 52-week low of $3.945.
Summary
NGL Energy Partners reported a strong fiscal Q1 2027, with income from continuing operations of $80.0 million, up from $30.3 million a year ago. Adjusted EBITDA surged nearly 30% to $186.2 million, driven by record water disposal volumes and higher skim oil revenues. The Water Solutions segment processed 3.32 million barrels per day, a 19.6% increase, and the company raised full-year Adjusted EBITDA guidance to $725-$735 million from $715-$725 million. This follows a challenging fiscal 2026 that included a large goodwill impairment and net loss, making the turnaround notable. The LEX II Pipeline Extension, backed by long-term volume commitments, is expected online by year-end and should further boost water volumes. The raised guidance and operational momentum suggest improving fundamentals after last year's write-downs.
At the time of this announcement, NGL was trading at $17.02 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2B. The 52-week trading range was $3.95 to $18.80. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.