NGL Energy Partners LP Announces Second Quarter Fiscal 2027 Financial Results
NGL Energy Partners LP reported a Q2 fiscal 2027 loss of $29.8 million, including a $42.6 million impairment charge, compared to a $58.1 million profit in Q2 fiscal 2026. Adjusted EBITDA rose 15% to $192.4 million. The company raised full-year Adjusted EBITDA guidance to $735-$745 million, driven by growth in its Water Solutions segment. NGL also expanded its LEX II Extension pipeline and increased debt facilities.
How this was made
The 30-second read
Why it matters
The guidance raise could attract new buying interest, while the reported loss may temper enthusiasm.
Market read
First‑report earnings release with updated guidance; material for traders in energy and midstream sectors.
What to watch
Potential impact of the new LEX II Extension on future cash flows is not yet reflected in the market.
Background
NGL Energy Partners LP released its Q2 Fiscal 2027 results, highlighting water‑solutions growth and a revised EBITDA outlook.
Ticker impact
Quarterly results released with loss from continuing operations and raised full‑year Adjusted EBITDA guidance to $735‑$745 million.
upward pressure as investors price in higher EBITDA outlook
Guidance lift is a fresh, material update that directly affects valuation.
Market effects
Improved water‑solutions earnings may boost sentiment in the midstream energy sector.
North American midstream stocks could see modest gains.
Limited to investors tracking US energy infrastructure equities.
Counterpoint
The loss from continuing operations may signal underlying cost pressures despite guidance lift.
Key entities
- companyNGL Energy Partners LP
US‑listed midstream energy partnership reporting quarterly results.





