NGL Energy Partners LP Q1 2026 Earnings Call Transcript

NGL Energy Partners LP reported Q1 2026 earnings, but the article does not provide details on the financial results. The company hosted an earnings call on August 7, 2025, where management discussed business plans and strategies. The call was recorded and will be available for replay.

NGL Energy Partners LP (NGL) reported its first-quarter earnings for fiscal year 2026, revealing a significant miss compared to analyst expectations. The company posted an earnings per share (EPS) of $0.04, against a forecast of -$0.04, resulting in a negative surprise of 200%. Revenue came in at $622.16 million, falling short of the expected $835.98 million, marking a revenue surprise of -25.58%. Following the announcement, the stock price fell by 1.23% in after-hours trading, closing at $4 [2].

The company's Water Solutions segment showed strength with a 13.8% year-over-year increase in EBITDA, while other areas such as Crude Oil Logistics and Liquids Logistics saw declines. Consolidated Adjusted EBITDA for the quarter came in at $144 million, a 4% increase year-over-year, primarily driven by the Water Solutions segment [2].

During the earnings call, management discussed business plans and strategies. The company continues to focus on reducing leverage and improving its balance sheet. It also mentioned that it will continue to be opportunistic with unit repurchases if unit prices remain favorable. Additionally, the company plans to use free cash flow to purchase and repay debt and equity, focusing on the highest return and greatest benefit to the partnership [1].

NGL Energy Partners maintains its full-year adjusted EBITDA guidance of $615-$625 million and anticipates stronger performance in the Crude Oil Logistics segment in the second half of the year. However, the company faces challenges such as revenue shortfalls, declines in Crude Oil Logistics and Liquids Logistics EBITDA, and oil price uncertainty, which could impact customer activity levels in the Water Solutions segment [2].

The company's asset reduction strategy could limit growth opportunities, and competitive pressures in the water solutions market may impact margins. Despite these challenges, NGL Energy Partners remains confident in its future performance, as indicated by its focus on leveraging its strong position in the Water Solutions market [2].

References:
[1] https://finance.yahoo.com/news/ngl-energy-partners-lp-ngl-073959813.html
[2] https://za.investing.com/news/transcripts/earnings-call-transcript-ngl-energy-partners-misses-q1-2026-93CH-3828591