NGL Energy Partners LP

NGL Energy Partners LP Earnings Recaps

NGL Energy 1 recap
Q3 2026 Feb 4, 2026

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.

Key takeaways
  • 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.
Full recap