NGL Energy Partners LP (NGL) Q4 2025 Earnings Call | Water Solutions Growth | May 30, 2025

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NGL Energy Partners LP (NYSE: NGL) reported its Q4 and full-year fiscal 2025 results, highlighting robust growth in its Water Solutions segment and a series of strategic asset sales. For the fourth quarter, NGL posted an adjusted EBITDA of $176.8 million, up 20% year-over-year, while full-year adjusted EBITDA reached a record $622.9 million, exceeding previous guidance. The Water Solutions segment was the standout performer, with Q4 adjusted EBITDA of $154.9 million and water disposal volumes rising 14% to 2.73 million barrels per day. This segment now contributes 85% of the company’s adjusted EBITDA, reflecting NGL’s successful shift in focus. Despite these operational gains, NGL missed earnings expectations, reporting a Q4 EPS of -$0.12 and revenue of $971.07 million—both below analyst forecasts. The company’s stock responded with a 6.67% drop in regular trading. However, NGL achieved a significant turnaround for the year, posting income from continuing operations of $65 million, compared to a loss of $157.7 million in fiscal 2024. Strategic asset sales, including the divestiture of non-core terminals and businesses, provided liquidity and allowed NGL to pay down debt and strengthen its balance sheet. Looking ahead, NGL Energy Partners projects fiscal 2026 adjusted EBITDA between $615 million and $625 million, with $60 million in growth capital expenditures focused on expanding Water Solutions. The company remains committed to reducing volatility and further optimizing its portfolio for long-term value. About Inside Ticker: For more expert analysis and real-time updates on NGL Energy Partners LP (NYSE: NGL) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies.