NGL Energy Partners Q1 revenue rises on Water Solutions growth, raises FY adjusted EBITDA outlook

NGL Energy Partners LP

04/08/2026 21:51

Overview
US water solutions provider's fiscal Q1 revenue rose sharply, driven by Water Solutions segment
Adjusted EBITDA for fiscal Q1 grew nearly 30% year-over-year
Company raised full-year adjusted EBITDA guidance to $725-$735 mln

Outlook
NGL raises full-year fiscal 2027 Adjusted EBITDA guidance to $725-$735 mln
Company expects strong Water Solutions segment momentum to continue through fiscal 2027

Result Drivers
WATER VOLUME GROWTH - Higher produced water volumes processed and new pipeline contract drove increased disposal and pipeline revenue in Water Solutions segment
SKIM OIL REVENUE - Increased revenue from recovered skim oil due to higher crude oil prices and more skim oil recovered from higher water volumes
OPERATING EXPENSES - Water Solutions operating expenses rose due to higher royalty, utilities, and severance taxes linked to increased volumes and revenue

Company press release: ID:nBw3Mgd50a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
$989.99 mln
 
Q1 EPS
 
$0.48
 

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 $28.00, about 75% above its August 3 closing price of $16.00
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads
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Aug 3 - ONEOK boosts 2026 forecast as higher NGL volumes boost quarterly profit
Aug 3 - Williams to buy Momentum for $5.5 billion, misses quarterly estimates

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(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.)