NGL Energy Partners Raises Fiscal 2027 Earnings and Capital Spending Guidance

NGL Energy Partners raised its fiscal 2027 adjusted EBITDA guidance by $10 million to $735 million–$745 million and increased growth capital spending guidance to approximately $250 million–$270 million from about $200 million. The higher investment will support additional water takeaway and disposal capacity, following a 15% rise in second-quarter adjusted EBITDA and record water disposal volumes of 3.45 million barrels per day. Management expects the new projects to contribute about one quarter’s worth of EBITDA in fiscal 2027 and support earnings growth in fiscal 2028.