NGL Energy Partners (NYSE:NGL) Releases Earnings Results, Misses Expectations By $0.25 EPS

NGL Energy Partners (NYSE:NGL) posted its quarterly earnings results on Monday. The oil and gas company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.25), Zacks reports. NGL Energy Partners had a positive return on equity of 77.15% and a negative net margin of 2.87%.

NGL Energy Partners Stock Performance

Shares of NYSE NGL opened at $5.53 on Tuesday. The firm has a 50 day moving average price of $5.08 and a 200 day moving average price of $4.61. NGL Energy Partners has a 52-week low of $3.84 and a 52-week high of $6.20.

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.