Seeking Alpha
10 Nov 2026, 10:33 UTC · 1d ago
NGL Energy Partners: Cash Is Flowing Like Water
Impact · against what's priced in
NGL Energy Partners is seeing strong operational momentum from record water volumes and guidance raises. While the quarterly beat and EBITDA outlook are positive, they represent incremental improvements to the company's cash flow profile rather than a fundamental shift in valuation drivers.
- NGL+0.40
No priced-in read yet
- In context
The Q2 adjusted EBITDA beat ($192.4M vs $174.5M estimate) and the raised full-year EBITDA guidance of $735–$745 million provide concrete evidence of growth driven by record water volumes and a 15% capacity increase from the LEX II expansion.
Read from the article alone
