NGL Energy Partners (NYSE:NGL) Releases Quarterly Earnings Results, Misses Expectations By $0.20 EPS

NGL Energy Partners (NYSE:NGL) announced its quarterly earnings data on Tuesday. The oil and gas company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.20), Zacks reports. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.56 billion. NGL Energy Partners had a positive return on equity of 77.15% and a negative net margin of 2.87%. During the same quarter in the previous year, the business posted ($0.05) earnings per share.

NGL Energy Partners Stock Down 2.3 %

NYSE:NGL traded down $0.10 during mid-day trading on Friday, reaching $4.30. The stock had a trading volume of 59,247 shares, compared to its average volume of 361,018. The stock has a market cap of $567.64 million, a P/E ratio of -1.89 and a beta of 1.70. The business’s 50 day moving average is $4.37 and its 200 day moving average is $4.78. The company has a debt-to-equity ratio of 28.52, a current ratio of 1.21 and a quick ratio of 0.96. NGL Energy Partners has a fifty-two week low of $3.84 and a fifty-two week high of $6.20.

NGL Energy Partners Company Profile

NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water.