NGL Energy Partners Q4 2024 GAAP EPS $(2.05) Misses $0.19 Estimate, Sales $1.629B Miss $1.970B Estimate
Portfolio Pulse from Benzinga Newsdesk
NGL Energy Partners (NYSE:NGL) reported a significant quarterly loss of $(2.05) per share, missing the analyst consensus estimate of $0.19 by a wide margin. The company's sales also fell short of expectations, coming in at $1.629 billion compared to the estimated $1.970 billion.
June 06, 2024 | 8:35 pm
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NGL Energy Partners reported a significant quarterly loss of $(2.05) per share, missing the analyst consensus estimate of $0.19 by 1178.95%. Sales also fell short, coming in at $1.629 billion compared to the estimated $1.970 billion.
The significant miss on both EPS and sales estimates is likely to negatively impact NGL's stock price in the short term. The magnitude of the miss suggests potential underlying issues that could concern investors.
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