NGL Energy Partners (NYSE:NGL) Announces Earnings Results

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

NGL Energy Partners Price Performance

NGL Energy Partners stock traded down $0.06 during midday trading on Friday, reaching $4.34. 31,022 shares of the company were exchanged, compared to its average volume of 360,891. The company has a market capitalization of $572.92 million, a price-to-earnings 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. The firm’s 50-day simple moving average is $4.37 and its 200-day simple moving average is $4.78. NGL Energy Partners has a 1 year low of $3.84 and a 1 year high of $6.20.

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.