NGL Energy Partners ( NGL ) has had a strong run in the past twelve months, with shares up by 116% at this time of this writing. The company paid all dividend arrears dueBashar is a contributing writer at Seeking Alpha, focusing on Long/Short investment ideas, with a geographic focus in North America. Before that, Bashar worked at an Investment Fund in the United Kingdom. He has a Master's degree in Finance from the Queen Mary University of London and a Bachelor's degree in Economics from Middlesex Universi ...

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential opportunities for traders before the market opens [1] Premarket Gainers - Silicon Laboratories Inc. (SLAB) is up 49% at $204.51 [3] - Concorde International Group Ltd. (CIGL) is up 44% at $3.90 [3] - ENvue Medical, Inc. (FEED) is up 25% at $3.08 [3] - Enphase Energy, Inc. (ENPH) is up 23% at $46.06 [3] - Digital Turbine, Inc. (APPS) is up 18% at $5.85 [3] - Tandy Leather Factory, Inc. (TLF) is up 16% at $3.35 [3] - Lumentum Holdings Inc. (LITE) is up 12% at $487.60 [3] - Super Micro Computer, Inc. (SMCI) is up 10% at $32.66 [3] - Sonos, Inc. (SONO) is up 10% at $16.17 [3] - Exicure, Inc. (XCUR) is up 9% at $4.52 [3] Premarket Losers - Intapp, Inc. (INTA) is down 16% at $24.50 [4] - Texxon Holding Limited (NPT) is down 15% at $6.08 [4] - Varonis Systems, Inc. (VRNS) is down 14% at $22.59 [4] - Mercury Systems, Inc. (MRCY) is down 11% at $88.00 [4] - Boston Scientific Corporation (BSX) is down 9% at $82.80 [4] - nLIGHT, Inc. (LASR) is down 9% at $45.10 [4] - Advanced Micro Devices, Inc. (AMD) is down 8% at $220.84 [4] - NGL Energy Partners LP (NGL) is down 7% at $10.98 [4] - MKDWELL Tech Inc. (MKDW) is down 7% at $2.67 [4] - Wabash National Corporation (WNC) is down 6% at $10.54 [4]

NGL Energy Partners (NYSE:NGL) Q3 2026 Earnings call February 03, 2026 05:00 PM ET Company ParticipantsBrad Cooper - CFODoug White - Executive VPH. Michael Krimbill - CEOConference Call ParticipantsDerrick Whitfield - Managing Director and Senior Energy AnalystNevin Mathew - AnalystOperatorGreetings. Welcome to NGL Energy Partners 3Q 2026 earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operat ...

Financial Data and Key Metrics Changes - Adjusted EBITDA from continuing operations for the quarter was $172.5 million, a 9.2% increase from $158 million a year ago [2] - Operating expenses for the quarter were $0.18 per barrel due to non-recurring expense reductions [6] - Full-year EBITDA guidance remains in the range of $650 million to $660 million [4] Business Line Data and Key Metrics Changes - Water Solutions segment generated Adjusted EBITDA of $154.5 million, up 16.5% from $132.7 million in the prior year [5] - Physical disposal volume reached a record of approximately 3.07 million barrels per day, an increase of 17.1% from 2.6 million barrels per day in the prior year [5] - Crude Oil Logistics Adjusted EBITDA was $15.4 million, down from $17.3 million in the prior year [6] - Liquids Logistics Adjusted EBITDA was $15.2 million, down from $18.6 million in the prior year [7] Market Data and Key Metrics Changes - The company achieved a record daily disposal volume of approximately 3.5 million barrels on January 16 [9] - The Grand Mesa Pipeline physical volumes averaged approximately 85,000 barrels per day, up from 61,000 barrels per day in the prior year [6] Company Strategy and Development Direction - The company is transitioning towards a predominantly water solutions business, shedding non-water assets to improve cash flow consistency [12] - Capital allocation priorities include financing internal growth projects and redeeming Class D preferred units [13] - The company is pursuing large-scale produced water treatment strategies, including a partnership with Natura Resources for thermal desalination technology [10][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of growth projects despite crude price volatility, noting that long-term volume commitments remain firm [18] - The company anticipates a strong start to fiscal 2027, projecting to exceed $700 million of EBITDA for the first time [5] - Management highlighted the importance of AI and machine learning in improving operational efficiencies and reducing expenses [10][27] Other Important Information - The company has redeemed approximately 15% of the original Class D preferred units and repurchased about 7% of outstanding common units [3][14] - The company is focused on eliminating dilution of common equity, having reduced it by approximately 25% [14] Q&A Session Summary Question: Can you speak to the firmness of the growth projects given the volatility in crude prices? - Management indicated that completed projects come with long-term volume commitments, which remain financially firm despite fluctuations in oil prices [18][19] Question: How would you characterize the water treatment opportunity in volume and values? - Management emphasized the importance of produced water volumes and available energy sources for economic-scale desalination projects, highlighting the MOU with Natura [21][22] Question: What is the current CapEx obligation for the water treatment project? - Management stated that there is no immediate CapEx demand from NGL for the nuclear side of the project, and the CapEx forecast remains unchanged [23] Question: Can you speak to the value recovered from AI and machine learning initiatives? - Management noted improvements in operational expenses and efficiencies but refrained from quantifying the exact dollar amount or percentage of value recovered at this time [25][27]

NGL Energy Partners (NYSE:NGL) Q3 2026 Earnings call February 03, 2026 05:00 PM ET Speaker5Greetings. Welcome to NGL Energy Partners 3Q26 earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to your host, Brad Cooper, CFO at ...

Crude Oil Logistics 84% 8% 8% $15.36MM Investor Presentation February 2026 NYSE: NGL Company Overview Water Solutions 84% 8% 8% $15.20MM 1. EBITDA values reflect Q3 Fiscal 2026 and does not include corporate or discontinued operations 2 84% 8% 8% Logistics NGL Total EBITDA by Segment $185.06 MM(1) $154.50 MM ▪ Provides water transportation, treating, recycling, and handling services for upstream customers ▪ Largest integrated water solutions network of injection wells and large diameter pipe in the Delaware ...

Financial Results - Adjusted EBITDA from continuing operations for Q3 Fiscal 2026 was $172.5 million, up from $158.0 million in Q3 Fiscal 2025, representing a growth of 9.4% [1] - Income from continuing operations for Q3 Fiscal 2026 was $48.2 million, compared to $23.7 million in Q3 Fiscal 2025, indicating a significant increase of 103.8% [1] - Total revenues for Q3 Fiscal 2026 were $909.8 million, compared to $982.4 million in Q3 Fiscal 2025 [5] Water Solutions Segment - Paid and physically disposed water volumes reached 3.13 million barrels per day in Q3 Fiscal 2026, a 7% increase from the previous year [1] - Record produced water volumes disposed of were approximately 3.07 million barrels per day, growing 17.1% from Q3 Fiscal 2025 [1] - Operating income for the Water Solutions segment increased by $32.8 million compared to the same quarter last year, driven by higher disposal revenues and increased water pipeline revenue [2] Equity Transactions - The company repurchased 1,611,088 common units during the quarter, totaling 8,698,477 units repurchased at an average price of $5.6963 [1] - In October, NGL purchased an additional 18,506 Class D preferred units, bringing the total redeemed to approximately 15% of the originally outstanding units [1] Capitalization and Liquidity - Total liquidity as of December 31, 2025, was approximately $331.1 million, with borrowings on the asset-based revolving credit facility totaling about $92.0 million [2] - The company is in compliance with all debt covenants and has no upcoming debt maturities [2] Forward-Looking Statements - The company reaffirmed its full-year guidance for Adjusted EBITDA between $650 million to $660 million and anticipates Fiscal 2027 Adjusted EBITDA to exceed $700 million [1]

Core Insights - Natura Resources LLC has signed an agreement with NGL Water Solutions Permian LLC to integrate advanced molten-salt nuclear reactor technology with thermal desalination for power production and produced water treatment [1][2][3] Company Overview - Natura Resources is a leading developer of advanced small modular reactors, focusing on reliable energy, medical isotopes, and clean water [8] - The company has secured over $120 million in private funding and a commitment of $120 million from the State of Texas [8] Collaboration Details - The collaboration aims to combine Natura's 100-megawatt molten salt reactor with NGL's expertise in produced water treatment and desalination [2][3] - The partnership will utilize NGL's Texas Pollutant Discharge Elimination System (TPDES) permit to create a flexible and economic solution for power generation and water sourcing [2] Industry Context - The Permian Basin produces over 20 million barrels of produced water daily, highlighting the need for effective management and treatment solutions [4] - The collaboration addresses the growing challenge of produced water management in oil and gas regions, providing a scalable alternative to traditional disposal methods [4] Technological Advantages - Natura's molten-salt reactor technology features modular construction, a smaller footprint, and reduced water requirements, making it suitable for integration with thermal desalination [5] - The reactor operates at atmospheric pressure, enhancing safety and enabling the use of various fuels, including recycled nuclear fuel [5] Regulatory Milestones - The U.S. Department of Energy estimates that Natura's MSR-1 will be the first Generation IV reactor deployed in the U.S., with a construction permit issued in September 2024 for a 1-megawatt reactor [6] - The company plans to deploy its first 100-megawatt commercial-scale reactor by 2029 [6]

Core Viewpoint - NGL Energy Partners LP has experienced a significant stock price increase of 8.8% to $11.1, driven by strong midstream operations and anticipated demand growth for crude products in the U.S. [1][2] Company Overview - NGL Energy Partners operates in diversified midstream energy sectors, focusing on three segments: water solutions, crude oil logistics, and liquids logistics, with water solutions being the primary earnings driver [2] - The water solutions segment operates in six counties in New Mexico and Texas, which are key crude oil production areas in the U.S., benefiting from low production costs [2] Market Dynamics - The current soft crude pricing environment is favorable for the refining sector, leading to increased demand for crude oil from refiners, which in turn boosts the demand for NGL's crude oil logistics segment [2] - The partnership's strong position in water solutions and crude oil logistics, along with consistent demand for midstream services, are critical growth factors [2] Earnings Expectations - NGL Energy Partners is projected to report quarterly earnings of $0.16 per share, reflecting a year-over-year increase of 233.3%, while revenues are expected to be $700.76 million, a decrease of 54.8% from the previous year [3] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in earnings expectations [4] Industry Context - NGL Energy Partners holds a Zacks Rank of 2 (Buy) within the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, suggesting positive market sentiment [5] - In comparison, CrossAmerica Partners, another company in the same industry, has a Zacks Rank of 3 (Hold) and has seen a lesser stock performance [5][6]

Group 1 - U.S. stocks experienced a decline, with the Nasdaq Composite dropping over 100 points on Monday [1] - DigitalBridge Group Inc announced its acquisition by SoftBank Group for an enterprise value of approximately $4.0 billion, resulting in a 9.9% increase in its shares to $15.30 [1] Group 2 - Eightco Holdings Inc shares surged 29.1% to $2.15 following the announcement of a share buyback program for up to $125 million [2] - Palisade Bio Inc saw an 18.6% increase to $2.55 after Piper Sandler initiated coverage with an Overweight rating and a price target of $25 [2] - Regencell Bioscience Holdings Ltd gained 16.3% to $24.60 [2] - Praxis Precision Medicines Inc surged 13% to $304.00 after receiving Breakthrough Therapy Designation from the FDA for ulixacaltamide [2] - Zura Bio Ltd increased by 13% to $5.26 [2] - Precigen Inc rose 8.6% to $4.52 [2] - Autolus Therapeutics PLC jumped 7.8% to $1.80, with Needham analyst raising the price target from $10 to $11 [2] - LightPath Technologies Inc gained 6.6% to $9.62 [2] - NGL Energy Partners LP surged 6.3% to $9.98 [2] - Six Flags Entertainment Corp increased by 5% to $15.64 [2]