NGL Energy Partners Raises Fiscal 2027 EBITDA Guidance Following Strong Q1

NGL Energy Partners reported fiscal first-quarter adjusted earnings of 17 cents per unit, above the 11-cent consensus estimate. Following record disposal volumes and contracted infrastructure growth in its Water Solutions segment, the company raised fiscal 2027 adjusted EBITDA guidance to $725 million-$735 million from $715 million-$725 million. Water Solutions remains a key contributor to adjusted EBITDA from continuing operations, while management is prioritizing capital discipline and debt reduction amid elevated growth spending.