NGL Energy Partners Reports Q2 2027 Earnings Growth and Raises Full-Year EBITDA Guidance
NGL Energy Partners (NGL) reported strong second-quarter results for fiscal year 2027, highlighted by a 15% year-over-year increase in consolidated Adjusted EBITDA to $192.4 million. The growth was primarily driven by the Water Solutions segment, which saw a 17% rise in Adjusted EBITDA due to record physical water disposal volumes of 3.45 million barrels per day and improved operational efficiencies. Following strong first-half performance, management raised its full-year fiscal 2027 EBITDA guidance to a range of $735 million to $745 million. To support capacity expansion for takeaway and disposal, the company also increased its growth capital expenditure guidance to between $250 million and $270 million. The partnership is currently focused on a multiyear deleveraging strategy through non-core asset sales and strategic projects in the Delaware Basin.
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Topics: EBITDA Fiscal Guidance Infrastructure Expansion Water Disposal