NGL: It's All About Water. Common And Preferred Units Still Buys
NGL Energy Partners LP(NGL) Seeking Alpha·2024-08-13 12:56
J Studios/DigitalVision via Getty Images NGL First Quarter Earnings Review: NGL Partners (NYSE:NGL) reported an okay first quarter tonight (August 8th). Operationally, it looked similar to the Q4 report that I highlighted in my last public writeup on the company. Water dominated while crude oil logistics and liquids were marginal contributors. Part of this pattern is seasonal as fiscal Q1 and Q2 are the slowest quarters for liquids. The company also reaffirmed the guidance for both water and overall adjuste ...