NGL Energy Partners (NYSE:NGL) Posts Quarterly Earnings Results

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

NGL Energy Partners Price Performance

Shares of NGL Energy Partners stock traded down $0.04 on Friday, hitting $4.36. The company had a trading volume of 27,377 shares, compared to its average volume of 360,875. NGL Energy Partners has a 52 week low of $3.84 and a 52 week high of $6.20. The company has a debt-to-equity ratio of 28.52, a current ratio of 1.21 and a quick ratio of 0.96. The company has a market cap of $575.56 million, a PE ratio of -1.89 and a beta of 1.70. The business has a 50-day simple moving average of $4.37 and a 200-day simple moving average of $4.78.

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.