NGL Energy Partners Q1 EPS $(0.11) Misses $0.16 Estimate, Sales $1.62B Miss $2.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
NGL Energy Partners reported Q1 losses of $(0.11) per share, missing the analyst consensus estimate of $0.16 by 168.75%. The company's quarterly sales were $1.62 billion, missing the estimate of $2.11 billion by 23.41%. This represents a 175% increase in losses and a 35.28% decrease in sales compared to the same period last year.
August 09, 2023 | 8:40 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
NGL Energy Partners reported a significant miss in both earnings per share and sales for Q1. This could negatively impact investor sentiment and the stock's performance in the short term.
NGL Energy Partners reported a larger than expected loss and a significant decrease in sales for Q1. This underperformance compared to estimates and the same period last year could lead to a decrease in the stock's price as it may negatively affect investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100