NGL's Q3 earnings missed expectations, but management is optimistic about Q4 and future growth due to new customers and contracts. The company is exiting the underperforming liquids business, selling 18 terminals for $95 million to pay down debt and improve cash flow. New long-term contracts on the Grand Mesa pipeline and the LEX II project are expected to boost EBITDA to above $650 million for...
NGL Energy Partners LP Common Units (NYSE:NGL ) Q3 2025 Earnings Conference Call February 10, 2025 5:00 PM ET Company Participants Brad Cooper - CFO Mike Krimbill - CEO Doug White - EVP, Water Solutions Conference Call Participants Derrick Whitfield - Texas Capital James Spicer - TD Securities Operator Greetings. Welcome to the NGL Energy Partners 3Q ‘25 earnings call.
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NGL's Q2 EBITDA was below expectations due to weak liquids business. Water solutions segment saw higher operating income, despite lower headline adjusted EBITDA. Liquids business is struggling, prompting NGL to lower full-year EBITDA guidance and consider asset sales; crude oil logistics also underperformed. Preferred units offer better risk/reward than common units; preferred B yields over 13%...
NGL Energy Partners LP Common Units. (NYSE:NGL ) Q2 2025 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Brad Cooper - Executive Vice President and Chief Financial Officer, NGL Energy Partners LP Michael Krimbill - Chief Executive Officer, NGL Energy Partners LP David Sullivan - Vice President Finance, NGL Energy Partners LP Doug White - Executive Vice President, Wate...
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