NGL Energy Partners LP announced that NGL plans to issue its fiscal second quarter ended September 30, 2022 earnings press release post-market close on Wednesday, November 9, 2022.
The members of NGL’s management team in Tulsa intend to host an earnings call following this release on Wednesday, November 9, 2022 at 4:00 pm CT to discuss its financial results.
NGL is coming off a big first quarter where its net income totaled $23.1 million compared to a net loss of $134.5 million in the first quarter of Fiscal 2022. Adjust EBITDA for the first quarter of Fiscal 2023 was $123.9 million, far more than the $91.1 million a year earlier.
Investors will find out on Nov. 9 whether NGL’s decision to increase its Water Solutions segment guidance to more than $410 million was successful.
“Full year guidance for Adjusted EBITDA (2) is in excess of $600 million,” stated Mike Krimbill, NGL’s CEO in August.
“The Ambassador Pipeline is now fully operational and in service and we expect the additional supply from the pipeline will benefit many of Michigan’s propane customers in one of the largest retail propane markets in the U.S.”