Quantcast

NGL Energy Partners (NGL) Reports Wider Q1 Loss, Sales Beat


Shutterstock photo

Wider-Than-Expected Loss: Midstream operator NGL Energy Partners LP NGL reported fiscal first-quarter 2020 loss per unit from continuing operations of 96 cents, significantly wider than the Zacks Consensus Estimate of 7 cents loss.

Estimate Revision Trend & Surprise History: The stock had seen the Zacks Consensus Estimate for fiscal first-quarter earnings being revised 16.7% downward over the last 30 days.

Coming to earnings surprise history, the diversified energy master limited partnershiphas a bad record, having missed the Zacks Consensus Estimate thrice in the last four reports, as shown in the chart below:

NGL Energy Partners LP Price and EPS Surprise

NGL Energy Partners LP Price and EPS Surprise

NGL Energy Partners LP price-eps-surprise | NGL Energy Partners LP Quote

Revenues: Revenues of $6.6 billion beat the Zacks Consensus Estimate of $5.5 billion.

Key Stats: First-quarter adjusted EBITDA for the Crude Oil Logistics unit was $52.1 million, surging 71% from the year-ago EBITDA of $30.4 million. The Zacks Consensus Estimate was $46.9 million.

In the Water Solutions segment, the partnership reported adjusted EBITDA of $41.1 million,6.5% less than the year-ago period. The Zacks Consensus Estimate was $45.9 million.

The Refined Products and Renewables uni t report ed adjusted loss of $11.2 million, compared to profit of $3.8 million in April-June quarter of 2018. The Zacks Consensus Estimate was $10.1 million.

First-quarter adjusted EBITDA for the Liquids unit was $12.4 million, rising 14.5% from the year-ago EBITDA of $10.8 million. The Zacks Consensus Estimate was $13.1 million.

Zacks Rank: Currently, NGL Energy Partners carries a Zacks Rank #3 (Hold).

(You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .)

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it's expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks' just-released special report reveals 7 stocks to watch. The report is only available for a limited time.

See 7 breakthrough stocks now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

NGL Energy Partners LP (NGL): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , Investing Ideas , Stocks
Referenced Symbols: NGL



More from Zacks.com

Subscribe







Zacks.com
Contributor:

Zacks.com

Equity Research












Research Brokers before you trade

Want to trade FX?