NGL Energy Partners LP (NGL) experienced a significant post-market decline of 15.90% on Tuesday, following the release of its third-quarter fiscal 2026 financial results.
The sharp after-hours drop appears to be driven by the company's earnings report, which revealed quarterly earnings of $0.10 per share. This figure missed the analyst consensus estimate of $0.16 by 37.5 percent, despite quarterly sales of $909.816 million beating the $809.880 million estimate by 12.34 percent.
Earlier in the trading session, the stock had received positive sentiment from the announcement of a strategic partnership with Natura Resources LLC to combine nuclear reactor technology with NGL's water treatment expertise in the Permian Basin. However, the market's focus shifted to the earnings disappointment released just before the close, leading to the substantial post-market sell-off.