NGL Energy Partners LP (NGL) stock plunged 7.09% in after-hours trading on Monday, February 10, 2025, following the release of the company's fiscal third-quarter 2025 financial results.
For the quarter ended December 31, 2024, NGL reported a net loss of $0.12 per share, missing analysts' consensus estimate of $0.13 earnings per share. Revenue of $1.55 billion also fell short of the $1.72 billion expected by analysts. Adjusted EBITDA of $147.7 million declined slightly from $151.7 million in the prior-year quarter.
NGL's results were weighed down by lower propane and refined products margins in its Liquids Logistics segment due to reduced customer demand and aggressive pricing by competitors. The segment also recorded $9.5 million in losses on derivative instruments. The company's Water Solutions segment saw higher costs related to $10.5 million in losses on asset disposals or impairments. While produced water volumes processed increased 10.4% year-over-year, skim oil revenue was impacted by lower realized crude prices.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。