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NGL Energy beats Q2 estimates, raises full-year EBITDA guidance on record water volumes.

Company Fundamentals
10 Nov 2026, 12:33 WIB
Seeking Alpha
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Bullish
NGL Energy beats Q2 estimates, raises full-year EBITDA guidance on record water volumes.

NGL Energy Partners reported a strong Q2 with adjusted EBITDA of $192.4 million, beating estimates by a wide margin. The company raised its full-year EBITDA guidance to $735–$745 million, driven by record water volumes and expansion of its LEX II water capacity by 15%. NGL is simplifying its balance sheet by reducing loan margins and expanding credit lines, aiming for leverage below 4x by year-end. Trading at a low EV/EBITDA multiple and offering a 9.6% free cash flow yield, NGL presents significant upside potential for investors as it resumes capital returns.

NGL Energy Partners is the subject of this update, with Pluang providing a snapshot of the Energy sector's market activity. Of 79 priced Energy-sector US stocks tradable on Pluang, 23 rose and 48 fell today. Notable movers include ENPH at USD 28.73 with a 1-day change of -1.20%, VLO at USD 352.48 with a 1-day change of -1.20%, and NESR at USD 19.78 with a 1-day change of +1.18%. This data is as of Nov 10, 2026 17:11 WIB.

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