NYSE:NGLOil and Gas
Should NGL Energy Partners' (NGL) Raised Growth Spending and Earnings Outlook Prompt a Closer Look?
NGL Energy Partners LP recently released its second quarter fiscal 2026 results, reporting revenue of US$674.68 million and net income of US$29.28 million, both up from the prior year, along with an increased adjusted EBITDA guidance to US$650–660 million for the full year.
An interesting development is the company's decision to boost growth capital expenditures from US$60 million to US$160 million, backed by new contracts involving 500,000 barrels per day of producer volume commitments.
We...