)
Edge6 Mar 2026
Upvoted: The Story of Reddit
How Reddit built a unique platform around communities and conversation, turning human insight and intent into a distinctive business model.
NGL Energy Partners
NGL Energy Partners (NGL) investor relations material
NGL Energy Partners Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary3 Feb, 2026
Executive summary
Achieved record water disposal volumes and strong financial performance, with Q3 FY2026 Adjusted EBITDA rising to $172.6 million, up 9.2% year-over-year, driven by Water Solutions' 16% growth and segment dominance.
Strategic shift toward a water solutions-focused business, supported by long-term contracts, asset sales, debt refinancing, and unit repurchases.
Net income and operating income rose sharply year-over-year, with net income for the nine months ended December 31, 2025, at $147.7 million, up from $28.4 million, driven by Water Solutions and asset sales.
Largest integrated water disposal system in the Delaware Basin, with 84% of Q3 FY2026 segment EBITDA from Water Solutions.
Significant progress on growth projects, including the LEX II pipeline and new contracted volumes, supporting a strong outlook for fiscal 2027.
Financial highlights
Q3 FY2026 Adjusted EBITDA reached $172.6 million, up from $158 million a year ago; Water Solutions Adjusted EBITDA was $154.5 million, up 16.5% year-over-year.
Record water disposal volumes of 3.07 million barrels per day, up 17.1% year-over-year.
Total revenues for the nine months ended December 31, 2025, were $2.21 billion, down from $2.50 billion year-over-year due to divestitures.
Net income attributable to the partnership was $145.4 million for the nine months, compared to $25.6 million in the prior year.
Distributable cash flow for Q3 FY2026 was $73.9 million, up from $40.0 million in Q3 FY2025.
Outlook and guidance
Full-year fiscal 2026 Adjusted EBITDA guidance maintained at $650–$660 million, with fiscal 2027 expected to exceed $700 million.
Predictable cash flows expected due to long-term fixed fee contracts, acreage dedications, and minimum volume commitments.
Capital expenditures for fiscal year ending March 31, 2026, are expected to be $220–$230 million.
The board will evaluate reinstatement of common unit distributions based on leverage, liquidity, and business performance.
Future strategy post-dispositions?
Water Solutions growth strategy given seismic risks?
Conditions for common unit distribution reinstatement?
AI project's current and future value?
What are the next steps for Natura water treatment?
What's the strategy for remaining Class D preferreds?
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from NGL Energy Partners
- Record Water Solutions results and major refinancing set stage for 9% EBITDA growth in 2025.NGL
Q4 20241 Feb 2026 - Adjusted EBITDA up 7% to $144.3M as Water Solutions growth offsets lower revenue.NGLQ1 20251 Feb 2026
- Q2 FY2025 EBITDA was $147.3M; liquidity improved after asset sales and preferred arrearage payments.NGLQ2 202514 Jan 2026
- Vote on new long-term incentive plan, auditor ratification, and meeting adjournment; board recommends FOR.NGLProxy Filing29 Dec 2025
- Q3 Adjusted EBITDA was $147.7M, with Water Solutions growth and asset sales improving liquidity.NGLQ3 202523 Dec 2025
- Special Meeting to approve a new LTIP, ratify auditor, and address governance and compensation.NGLProxy Filing19 Dec 2025
- Record Water Solutions EBITDA and $270M asset sales improved leverage and liquidity.NGLQ4 202524 Nov 2025
- Net income and Adjusted EBITDA rose, driven by Water Solutions and major asset sales.NGLQ1 202623 Nov 2025
- Net income and Adjusted EBITDA rose on record Water Solutions volumes and strategic actions.NGLQ2 202613 Nov 2025
Next NGL Energy Partners earnings date
Q4 20263 Jun, 2026
NGL Energy Partners
Next NGL Energy Partners earnings date
Q4 20263 Jun, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Explore our global coverage