NGL ENERGY PARTNERS LP (NYSE:NGL) is reporting first quarter earnings results on Monday 10th August 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.11 per share.
For the full year, analysts predict revenues of $ 6062.48 million, while looking forward to income of $ 0.09 per share.
Previous Quarter Performance
NGL ENERGY PARTNERS LP came out with income for the fourth quarter of $ 0.22 per share, from the revenue of $ 1,681.00 million. The quarterly earnings expanded 15.79 percent while revenues reduced 67.30 percent compared with the same quarter last year.
Street analysts expected NGL ENERGY PARTNERS LP to report income of $ 0.13 per share on revenue of $ 1855.31 million for the fourth quarter. The bottom line results beat street analysts by $ 0.09 or 69.23 percent, at the same time, top line results fell short of analysts by $ 174.31 million or 9.4 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NGL was $ 4.64, representing a 303.48 % increase from the 52 week low of $ 1.15 and a 69.17 % decrease over the 52 week high of $ 15.05.
The company has a market capital of $ 597.50 million and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
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Conference Call
NGL ENERGY PARTNERS LP will be hosting a conference call at 5:00 PM eastern time on 10th August 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.nglenergypartners.com
NGL Energy Partners LP engages in the crude oil logistics, water solutions, liquids, and refined products and renewables businesses. The companys Crude Oil Logistics segment purchases crude oil from producers and marketers, and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, trucking, marine, and pipeline transportation services. Its Water Solutions segment is involved in the treatment and disposal of wastewater generated from crude oil and natural gas production operations; disposal of solids, such as tank bottoms, drilling fluids, and drilling muds, as well as performs truck and frac tank washouts; and sale of recovered hydrocarbons.
