Why did NGL's Q4 2024 earnings fall short of forecasts?

NGL Energy Partners' Q4 2024 earnings fell short of forecasts due to a combination of factors: 1. **Crude Oil Prices**: Crude oil prices, which were down about 3% for the year, finished the last day of 2024 with about 1% gains. This decline in crude oil prices likely impacted NGL's earnings, as the company's profitability is tied to the commodity prices it deals with. 2. **Natural Gas Prices**: Natural gas prices dropped 30 cents or 7.70% on the last trading day of 2024. This decrease in natural gas prices could also have contributed to NGL's earnings shortfall, as the company is involved in the oil and gas pipelines industry and is affected by fluctuations in natural gas prices. In conclusion, NGL's Q4 2024 earnings fell short of forecasts due to the decline in crude oil and natural gas prices. |code|Ticker|Name|Date|Net Income|market_code| |---|---|---|---|---|---| |NGL|NGL.N|NGL Energy Partners|2024 Q4|-2.36739E8|169| |NGL|NGL.N|NGL Energy Partners|2025 Q1|1.0475E7|169| |NGL|NGL.N|NGL Energy Partners|2025 Q2|3391000|169| |NGL|NGL.N|NGL Energy Partners|2025 Q3|1.4575E7|169|