NGL: Slow Quarter But Exiting Liquids Business Is A Positive
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NGL Energy Partners reported a disappointing Q3 but is optimistic about future growth. The company is exiting its underperforming liquids business, selling 18 terminals for $95 million to reduce debt and improve cash flow. New contracts are expected to boost EBITDA significantly by fiscal 2026.
February 27, 2025 | 2:45 pm
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NGL Energy Partners missed Q3 earnings expectations but is optimistic about future growth. The company is exiting its underperforming liquids business, selling 18 terminals for $95 million to reduce debt and improve cash flow. New contracts are expected to boost EBITDA significantly by fiscal 2026.
Despite missing Q3 earnings expectations, NGL's strategic exit from the underperforming liquids business and the sale of terminals to reduce debt are positive moves. The new long-term contracts are expected to significantly boost EBITDA, indicating potential for future growth.
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