NGL Energy Partners Q4 EPS $(0.51) Vs. $(0.43) Prior Year, Sales $2.05B Miss $2.32B Estimate
Portfolio Pulse from Benzinga Newsdesk
NGL Energy Partners reported Q4 losses of $(0.51) per unit, an 18.6% decrease from last year, and sales of $2.05 billion, missing the $2.32 billion estimate by 11.72%.
May 31, 2023 | 8:39 pm
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NGL Energy Partners reported worse-than-expected Q4 results with an 18.6% YoY decrease in losses and sales missing estimates by 11.72%.
NGL Energy Partners reported a larger loss per unit compared to the prior year and missed sales estimates by a significant margin. This indicates a weaker financial performance, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100