NGL to release quarterly earnings statement in November

 

 

 

November 12 is the date set by NGL Energy Partners LP of Tulsa for the release of its second quarter financial earnings statement.

The company announced it will make the release after the close of markets on that Tuesday. NGL’s management team will hold an earnings call later in the day at 4 p.m. central time to discuss the financial results.

NGL’s first quarter release of Fiscal 2025 in August showed a drop in net income from $19.6 million in the first quarter of Fiscal 2024 to $10.5 million. Its adjusted EBITDA increased however, from $134.7 million to $144.3 million. The increased EBITDA came after NGL closed on the $69.3 million sale of two ranches in Eddy and Lea Counties, New Mexico andthe sale of some saltwater disposal assets in the Delaware Basin.

At the time, NGL President Mike Krimbill called it a strong starty to Fiscal 2025.

“ Our focus remains on continued balance sheet improvement by reducing absolute debt and leverage, plus the completion of the LEX II pipeline,” he stated.