NGL Energy Partners Reports Revenue of $2.05B Despite GAAP EPS of -$0.51
June 21, 2023
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Despite reporting a GAAP Earnings Per Share (EPS) of -$0.51, the company was able to generate revenue of $2.05 Billion. NGL ($NYSE:NGL) Energy Partners LP is a midstream energy business specializing in the transportation, storage, and marketing of natural gas liquids. The company’s primary customers are energy producers and marketers, and their operations span across more than 10 states in the United States. This is due in part to the improved market conditions in the oil and gas industry, as well as cost-saving initiatives implemented by NGL Energy Partners.
Looking forward, NGL Energy Partners is confident that their investments in infrastructure and technology will continue to help them remain competitive in the energy industry. The company will also be looking to expand its customer base and extend its reach to new markets. With the ongoing changes in the energy sector, NGL Energy Partners is well positioned to capitalize on opportunities and take advantage of new growth opportunities.
Market Price
Despite this, the company posted a GAAP earnings per share (EPS) of -$0.51. On Wednesday, NGL ENERGY PARTNERS LP stock opened at $3.1 and closed at $3.2, representing a 1.6% increase from its previous closing price of 3.1. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NGL. More…
| Total Revenues | Net Income | Net Margin |
| 8.69k | -73.23 | 1.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NGL. More…
| Operations | Investing | Financing |
| 445.19 | 64.19 | -507.76 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NGL. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.46k | 4.14k | 9.91 |
Key Ratios Snapshot
Some of the financial key ratios for NGL are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.7% | 13.3% | 3.6% |
| FCF Margin | ROE | ROA |
| 3.4% | 18.7% | 3.6% |
Analysis
GoodWhale recently conducted an analysis of NGL ENERGY PARTNERS LP’s wellbeing. Our Star Chart indicated that NGL ENERGY PARTNERS LP is classified as ‘rhino’, suggesting that they have achieved moderate revenue or earnings growth. This type of company may be of interest to investors who are looking for a moderate level of earnings or revenue growth. NGL ENERGY PARTNERS LP is strong in certain areas, medium in growth, profitability and weak in asset, dividend. However, they have an intermediate health score of 5/10 with regard to their cashflows and debt, suggesting that they may be able to safely ride out any crisis without the risk of bankruptcy. More…
Peers
The Partnership’s operations are primarily conducted through its wholly owned subsidiaries. NGL Energy Partners LP is one of the largest providers of midstream energy services in North America. The Partnership has a diversified portfolio of assets that provide services to producers and end users of natural gas liquids (“NGLs”), crude oil, refined products and petrochemicals. The Partnership’s assets include: natural gas liquids pipelines, storage facilities, fractionators, railcars, barges, trucks, and related transportation and logistics assets.
– Energy Transfer LP ($NYSE:ET)
Energy Transfer LP is a publicly traded limited partnership that owns and operates energy infrastructure assets in the United States. The company has a market capitalization of $38.68 billion as of 2022 and a return on equity of 14.71%. Energy Transfer’s business segments include natural gas, natural gas liquids, crude oil, and refined products. The company’s natural gas segment includes interstate and intrastate natural gas transportation and storage assets, as well as natural gas gathering and processing assets. Energy Transfer’s natural gas liquids segment consists of natural gas liquids transportation, storage, and fractionation assets. The company’s crude oil segment includes crude oil transportation and storage assets, as well as crude oil gathering and marketing assets. Energy Transfer’s refined products segment includes refined products transportation and storage assets.
– Kinetik Holdings Inc ($NASDAQ:KNTK)
Kinder Morgan Inc is one of the largest energy infrastructure companies in North America. They own an interest in or operate approximately 84,000 miles of pipelines and about 180 terminals. The company transports natural gas, crude oil, refined petroleum products, and CO2. They also store and handle petroleum products, chemicals, and other bulk liquids.
Summary
NGL Energy Partners LP is a publicly-traded Delaware limited partnership involved in crude oil logistics, water solutions, and natural gas liquids marketing and transportation. Recent financial performances have been mixed. Despite the dip in earnings and revenue, the company has managed to strengthen its financial position by reducing its net debt levels and increasing its liquidity position.
Long-term investments remain a key focus for the company, including strategic energy investments and organic growth projects. For investors, it could be a risky play given the uncertain macroeconomic environment, but it may be worth considering as long as the company is able to meet its financial goals.
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