NGL Energy Partners (NYSE:NGL) Issues Quarterly Earnings Results

NGL Energy Partners (NYSE:NGL) released its earnings results on Monday. The oil and gas company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.25), Zacks reports. NGL Energy Partners had a positive return on equity of 77.15% and a negative net margin of 2.87%.

NGL Energy Partners Stock Down 20.6 %

Shares of NYSE:NGL opened at $4.37 on Wednesday. NGL Energy Partners has a 12-month low of $3.84 and a 12-month high of $6.20. The business has a fifty day simple moving average of $5.07 and a 200 day simple moving average of $4.61.

About NGL Energy Partners

NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water.