NGL Energy Partners investors await 1Q earnings in Fiscal year 2023


First-quarter earnings for Tulsa’s NGL Energy Partners LP will be released Wednesday, August 9 as analysts and investors wonder if the company will continue seeing slight economic gains.

The release of will be made after the clcosing of markets on that day. It will be followed by an earnings call with NGL’s management team at 4:30 p.m. Central Time.

When NGL completed its fourth quarter at the end of March, it recorded net loss for the quarter of its fiscal year of $33.2 million, compared to a $29.4 million net loss for the fourth quarter of Fiscal 2022. Its net income for the full year Fiscal 2023 totaled $52.5 mililion, better than the net loss of $184.1 million for the 2022 Fiscal year.

The company’s full-year Fiscal 2023 adjusted EBITDA improved to $632.7 million, up from $542.5 million a year earlier. For the fourth quarter of 2023, NGL’s adjusted EBITDA was $173.3 million, better than $157.4 million in the fourth quarter of Fiscal 2022.