NGL Energy Partners (NGL) reported a fiscal Q3 net loss late Monday of $0.12 per diluted unit, swinging from earnings of $0.08 a year earlier.
Two analysts polled by FactSet expected earnings of $0.20.
Revenue for the quarter ended Dec. 31 was $1.55 billion, down from $1.87 billion a year earlier.
Two analysts surveyed by FactSet expected $1.72 billion.
Shares of NGL Energy Partners were down 6.4% in after-hours trading.