4Q earnings report to be released by NGL Energy Partners

NGL Energy Partners signs agreements for Water Transport and Disposal in  Delaware Basin

 

NGL Energy Partners LP in Tulsa plans to issue its fiscal fourth quarter and year-end report in two weeks.

The company will release the earnings report on Monday, June 6 following the close of market.

An earnings call will be held at 4 p.m. on the same day where the company’s management team will discuss the financial results and guidance for fiscal 2023.

The company reported a $19 million loss in the third quarter from continuing operations, improved over the more than $380 million loss from a year earlier. Much of the loss was a write down from the impact of the bankruptcy rejection of transportation contracts with Extraction Oil & Gas, Inc.

NGL’s adjusted EBITDA from the third-quarter continuing operations was $147.7 million compared to $125 million in the previous year.