NYSE:NGLOil and Gas
How Investors Are Reacting To NGL (NGL) Profitability Gains Amid New ESOP-Focused Equity Offering
NGL Energy Partners LP recently reported past third-quarter fiscal 2025 results showing higher net income and a shift to earnings per share profitability despite lower revenue, while also completing a share repurchase of 8,401,351 units for US$46.72 million.
Shortly after, the partnership filed a US$121.3 million shelf registration for 10,000,000 common units under an ESOP-related offering, signaling an effort to balance employee ownership incentives with expanded capital flexibility.
We...