NGL ENERGY PARTNERS LP (NYSE:NGL) is reporting second quarter financial results on Monday 9th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, NGL is expected to report 2Q21 loss of $ 0.12 per share from revenue of $ 1249.12 million.
For the full year, analysts anticipate top line of $ 5156.03 million, while looking forward to loss of $ 0.4 per share bottom line.
Previous Quarter Performance
NGL ENERGY PARTNERS LP announced loss for the first quarter of $ 0.49 per share, from the revenue of $ 844.41 million. The quarterly revenues reduced 87.28 percent compared with the same quarter last year. According to street consensus, NGL was expected to report 1Q21 loss of $ 0.11 per share from revenue of $ 1253.51 million. The bottom line results missed street analysts by $ 0.38 or 345.45 percent, at the same time, top line results fell short of analysts by $ 409.1 million or 32.64 percent.
Stock Performance
On Friday, shares of NGL ENERGY PARTNERS LP has traded high as $ 2.58 and has cracked $ 2.39 on the downward trend, reaching $ 2.46 with volume of 761.50 thousand shares.
According to the previous trading day, closing price of $ 2.46, representing a 120.87 % increase from the 52 week low of $ 1.15 and a 78.97 % decrease over the 52 week high of $ 12.08.
The company has a market capital of $ 316.78 million and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
Recent Analyst recommendations
- On 23rd September 2020, maintained by Piper Sandler at Neutral rating, with $ 4.00 target price.
NGL Energy Partners LP engages in the crude oil logistics, water solutions, liquids, and refined products and renewables businesses. The companys Crude Oil Logistics segment purchases crude oil from producers and marketers, and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, trucking, marine, and pipeline transportation services. Its Water Solutions segment is involved in the treatment and disposal of wastewater generated from crude oil and natural gas production operations; disposal of solids, such as tank bottoms, drilling fluids, and drilling muds, as well as performs truck and frac tank washouts; and sale of recovered hydrocarbons.
