NGL Energy Partners LP (NGL) shares jumped 5.83% in after-hours trading on Thursday, following the release of its impressive first quarter fiscal 2026 financial results. The company reported a substantial 72% year-over-year increase in net income, signaling strong operational performance and financial health.

According to the earnings report, NGL Energy Partners' income from continuing operations reached $30.3 million, up from $17.6 million in the same quarter of the previous fiscal year. The company also saw an improvement in Adjusted EBITDA from continuing operations, which rose to $144.0 million from $138.6 million year-over-year. This financial growth was underpinned by a 12.4% increase in the volume of produced water processed, reaching approximately 2.77 million barrels per day during the quarter.

The company's strong performance has bolstered its liquidity position, with total liquidity standing at approximately $391.6 million as of June 30, 2025. Management expressed optimism about potentially exceeding their Adjusted EBITDA guidance for the full year, indicating confidence in the company's growth trajectory. Investors appear to be responding positively to these results, as reflected in the after-hours stock price surge.