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

NGL Energy Partners (NYSE:NGL) issued its earnings results on Tuesday. The oil and gas company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.20), Zacks reports. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the business earned ($0.05) EPS.

NGL Energy Partners Stock Performance

Shares of NGL Energy Partners stock traded down $0.09 during trading on Friday, hitting $4.31. 39,658 shares of the stock were exchanged, compared to its average volume of 360,930. The stock’s fifty day moving average is $4.37 and its 200 day moving average is $4.78. NGL Energy Partners has a 12 month low of $3.84 and a 12 month high of $6.20. The stock has a market cap of $568.96 million, a PE ratio of -1.89 and a beta of 1.70. The company has a debt-to-equity ratio of 28.52, a quick ratio of 0.96 and a current ratio of 1.21.

About NGL Energy Partners

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.