NGL Energy Partners achieved a strong quarter, reporting a 9.2% increase in adjusted EBITDA to $172.5 million, driven by record water disposal volumes and strategic financial maneuvers.
- Water Solutions segment reported record adjusted EBITDA of $154.5 million, a 16.5% year-over-year increase.
- Successful execution of financial strategy included redeeming 15% of Class D preferred equity and repurchasing 1.6 million common units.
- Adjusted EBITDA guidance for fiscal 2026 remains steady at $650 to $660 million, with a projected first-ever EBITDA of over $700 million for fiscal 2027.
- Daily water disposal volumes reached a record 3.5 million barrels on January 16, with ongoing investments enhancing operational capacity.
- Continued focus on AI-driven operational efficiencies and a partnership with Natura Resources aims to bolster long-term water treatment capabilities.
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