NGL Energy Partners (NYSE:NGL) Issues Quarterly Earnings Results

NGL Energy Partners (NYSE:NGL) released its earnings results on Tuesday. The oil and gas company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.20), Zacks reports. NGL Energy Partners had a negative net margin of 2.87% and a positive return on equity of 77.15%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the company earned ($0.05) earnings per share.

NGL Energy Partners Price Performance

Shares of NYSE NGL traded down $0.02 during trading hours on Friday, reaching $4.38. The stock had a trading volume of 13,619 shares, compared to its average volume of 360,813. NGL Energy Partners has a twelve month low of $3.84 and a twelve month high of $6.20. The company has a debt-to-equity ratio of 28.52, a quick ratio of 0.96 and a current ratio of 1.21. The business’s fifty day moving average is $4.37 and its two-hundred day moving average is $4.78.

About NGL Energy Partners

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.