NGL Energy Partners LP Announces Second Quarter Fiscal 2027 Financial Results

NGL Energy Partners Raises Fiscal 2027 EBITDA Guidance Following Strong Q1

NGL Energy Partners LP increased its fiscal 2027 adjusted EBITDA guidance to a range of $725 million to $735 million, up from the previous $715 million to $725 million, following a strong fiscal first quarter.

Shares of oil and gas related-companies are lower amid reports suggesting that Saudi Arabia is attempting to restore crude oil exports quickly through pipeline repairs and ship-to-ship transfers. Also, API and EIA data indicated weekly U.S. crude and distillate inventory growth, further pressuring the oil price.

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NGL Energy Partners shares are trading higher after a Form 4 filing showed its Director bought 26,626 shares at an average price of $16.22 each.

Shares of oil and gas-related companies are trading higher as crude prices gain due to fears of further escalation of the U.S.-Iran conflict. The Trump administration says it's planning further economic sanctions on Iran, and that the U.S. Navy can maintain an indefinite maritime blockade of the country if needed.

NGL Energy Partners shares are trading higher after the company reported better-than-expected Q1 financial results.