NGL Energy Partners LP (NYSE: NGL) saw its stock soar 6.05% in after-hours trading on Tuesday following the release of its second quarter fiscal 2026 financial results. The company's performance exceeded analyst expectations, particularly in terms of revenue.

The energy partnership reported quarterly earnings of $0.02 per share, meeting the analyst consensus estimate. This marks a significant turnaround, representing a 109.52% increase from the losses of $(0.21) per share recorded in the same period last year. The company's revenue for the quarter came in at $674.677 million, surpassing the analyst consensus estimate of $603.187 million by 11.85%. Despite this impressive beat, it's worth noting that the revenue figure represents a 50.13% decrease compared to the $1.353 billion reported in the same quarter of the previous year.

Investors appear to be reacting positively to NGL Energy Partners' ability to meet earnings expectations and significantly exceed revenue projections, despite the challenging year-over-year comparison. The substantial improvement in earnings per share, moving from a loss to a profit, suggests that the company's operational efficiency and cost management strategies may be paying off. This strong performance, particularly in beating revenue estimates in a difficult market environment, likely contributed to the after-hours stock price surge as investors reassess the company's potential for future growth and profitability.