NGL Energy Partners Q2 EPS $(0.05) Misses $(0.01) Estimate, Sales $1.84B Miss $2.09B Estimate
Portfolio Pulse from Benzinga Newsdesk
NGL Energy Partners reported Q2 losses of $(0.05) per share, missing the analyst consensus estimate of $(0.01) by 400%. The company's quarterly sales of $1.84 billion also missed the analyst consensus estimate of $2.09 billion by 11.91%. This represents a 76.19% increase in losses and an 8.36% decrease in sales compared to the same period last year.
November 09, 2023 | 11:42 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
NGL Energy Partners reported a larger than expected loss and lower than expected sales for Q2. This could negatively impact the company's stock price in the short term.
NGL Energy Partners reported a larger than expected loss and lower than expected sales for Q2. This underperformance compared to analyst estimates could lead to a decrease in the company's stock price as it indicates potential financial instability or underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100