NGL Energy Partners (NYSE:NGL) Shares Gap Down on Disappointing Earnings

NGL Energy Partners LP (NYSE:NGL) shares gapped down prior to trading on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $11.89, but opened at $10.06. NGL Energy Partners shares last traded at $11.6640, with a volume of 209,110 shares trading hands.

The oil and gas company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). The company had revenue of $909.82 million for the quarter, compared to analyst estimates of $700.76 million. NGL Energy Partners had a net margin of 5.01% and a negative return on equity of 67.93%.

Key NGL Energy Partners News

Here are the key news stories impacting NGL Energy Partners this week:

• Positive Sentiment: Natura partnership — NGL’s subsidiary signed an agreement with Natura to evaluate pairing Natura’s 100 MW molten‑salt reactor with thermal desalination for large‑scale produced water treatment in the Permian Basin. This could lower operating costs for customers, expand NGL’s treat/recycle services, and create a differentiated, long‑term revenue stream if commercialized. Natura Resources Partners with NGL Energy Partners to Enable Large-Scale Produced Water Treatment with Small Modular Nuclear Reactors in the Permian Basin
• Positive Sentiment: Analyst price‑target bump — An analyst raised NGL’s price target ~22% to $22.44, signaling increased upside expectation from at least one research house and likely supporting buying interest. NGL Energy Partners LP – Limited Partnership (NGL) price target increased by 22.22% to 22.44
• Neutral Sentiment: Intraday trading halt (LULD pause) and elevated volume — A short limit‑up/limit‑down pause occurred, and volume was roughly double average, indicating higher intraday interest and volatility but not a directional fundamental change.
• Neutral Sentiment: Earnings call / transcript available — Management’s Q3 call and slide deck were released; investors will parse guidance, cash flow, capex and treatment volumes for clarity on execution and the new partnership’s timeline. NGL Energy Partners LP Common Units (NGL) Q3 2026 Earnings Call Transcript
• Negative Sentiment: Mixed Q3 results — NGL reported $0.10 EPS vs. $0.16 consensus (a miss) despite revenue of $909.8M handily topping estimates. Net margin remains low and return on equity negative, and analysts still forecast negative full‑year EPS. The EPS miss and weak profitability metrics are short‑term negatives that can pressure the stock until clarity on earnings quality and cash generation emerges. NGL Energy Partners LP Announces Third-Quarter Fiscal 2026 Financial Results

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of NGL Energy Partners in a report on Wednesday, January 28th. Zacks Research raised NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, NGL Energy Partners presently has an average rating of “Buy”.

Institutional Investors Weigh In On NGL Energy Partners

Several large investors have recently made changes to their positions in NGL. CIBC Bancorp USA Inc. purchased a new position in shares of NGL Energy Partners in the 3rd quarter valued at $70,000. CIBC Private Wealth Group LLC acquired a new stake in NGL Energy Partners in the 3rd quarter valued at $70,000. CreativeOne Wealth LLC increased its holdings in NGL Energy Partners by 15.7% in the 2nd quarter. CreativeOne Wealth LLC now owns 17,700 shares of the oil and gas company’s stock valued at $76,000 after purchasing an additional 2,400 shares in the last quarter. Massar Capital Management LP raised its position in NGL Energy Partners by 23.2% in the second quarter. Massar Capital Management LP now owns 28,143 shares of the oil and gas company’s stock valued at $120,000 after purchasing an additional 5,295 shares during the period. Finally, Simon Quick Advisors LLC acquired a new position in shares of NGL Energy Partners during the third quarter worth about $129,000. Institutional investors and hedge funds own 40.62% of the company’s stock.

NGL Energy Partners Price Performance

The company has a market cap of $1.49 billion, a PE ratio of 297.32 and a beta of 0.31. The company has a 50-day moving average price of $10.09 and a two-hundred day moving average price of $7.61.

About NGL Energy Partners

NGL Energy Partners LP is a publicly traded master limited partnership that provides midstream infrastructure and marketing services for the energy industry. The company focuses on the transportation, storage, fractionation and marketing of natural gas liquids (NGLs) and refined petroleum products. Through its integrated operations, NGL Energy Partners serves producers, processors, refiners and industrial customers across key U.S. energy-producing regions.

The partnership’s asset base includes pipelines, storage terminals, fractionation plants, and distribution facilities.