NGL Energy Partners Q3 2024 GAAP EPS $0.08 Down From $0.19 YoY, Sales $1.87B Miss $2.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
NGL Energy Partners reported Q3 2024 GAAP EPS of $0.08, a 57.89% decrease from $0.19 YoY. Sales were $1.87B, missing the $2.05B estimate, marking a 12.58% decrease from $2.14B YoY.

February 08, 2024 | 9:42 pm
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NEGATIVE IMPACT
NGL Energy Partners reported a significant decrease in both EPS and sales for Q3 2024, missing analyst expectations.
The reported decrease in EPS and sales for NGL Energy Partners is significant, indicating a potential negative impact on investor sentiment and stock price in the short term. Missing analyst estimates further compounds the negative outlook, as it may lead to a loss of investor confidence and potential sell-offs.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100