Key Points – NGL Energy Partners reported a strong fiscal Q1 2027: Consolidated adjusted EBITDA rose nearly 30% year over year to $186.2 million, driven by record produced-water disposal volumes and a 26% increase in Water Solutions EBITDA. – Water Solutions growth projects are…
panding contracted capacity: Produced-water commitments reached approximately 1.77 million barrels per day, while the LEX II Extension is expected to add transportation capability and enter service by year-end. – The partnership raised fiscal 2027 guidance to $725 million-$735 million of adjusted EBITDA and expects leverage to decline toward four times by year-end; it also plans to redeem about half of its remaining Class D preferred securities, with a common-unit distribution potentially returning afterward. – 3 Natural Gas Stocks Set to Thrive in This Winter’s Freeze NGL Energy Partners (NYSE:NGL) reported a strong start to fiscal 2027, led by record produced-water disposal volumes and higher earnings from its Water Solutions segment, while raising its full-year adjusted EBITDA outlook by $10 million. The partnership said consolidated adjusted EBITDA from continuing operations rose to $186.2 million in the fiscal first quarter from $143.9 million a year earlier, an increase of nearly 30%
Water Solutions generated $179.9 million of adjusted EBITDA, up 26% from $142.9 million in the prior-year period and representing 91% of partnership EBITDA for the quarter. “We are pleased to report a strong start to fiscal 2027 and continued execution on our multi-year strategy of de-leveraging the balance sheet through high-return water growth projects,” CFO Brad Cooper said on the company’s earnings call. Record Water Volumes Drive Results NGL physically disposed of approximately 3.32 million barrels per day of produced water during the quarter, a company record and a 19.6% increase from 2.77 million barrels per day in the first quarter of fiscal 2026. Total volumes for which the company was paid,…