NGL Energy Partners posts Q4 large net loss on goodwill charge

NGL Energy Partners LP

28/05/2026 21:47

Overview
US water solutions provider's fiscal Q4 revenue declined slightly year-over-year
Company posted a large net loss for Q4 due to a goodwill impairment in Crude Oil Logistics
Board authorized a new $100 mln common unit repurchase program

Outlook
NGL Energy Partners guides fiscal 2027 full-year Adjusted EBITDA to $715-$725 mln
Company expects $45 mln in maintenance and $200 mln in growth capital expenditures for fiscal 2027
Company says strong momentum in Water Solutions segment expected to drive fiscal 2027 results

Result Drivers
DERIVATIVE AND IMPAIRMENT LOSSES - Higher net unrealized losses on skim oil hedges and a $247.8 mln goodwill impairment in Crude Oil Logistics segment weighed on results
CONTRACT EXPIRATION IMPACT - Crude oil transportation revenue decreased due to expiration of certain transportation services contracts on third-party pipelines
WATER VOLUMES - Record produced water volumes processed in Water Solutions segment, up 10% year-over-year, supported by new pipeline activity

Company press release: ID:nBw1Hn4cva

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
 
$949.50 mln
 
Q4 Net Loss
 
286.81
 
Q4 EPS
 
-$3.44
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"
Wall Street's median 12-month price target for NGL Energy Partners LP is $21.00, about 25.1% above its May 27 closing price of $16.78
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)