NGL to da moon (well, maybe to $10?)!! Message Board

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Gold/Mining/Energy : NGL to da moon (well, maybe to $10?)!!

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From: Elroy	11/9/2023 6:04:39 PM
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NGL Energy Partners LP Announces Second Quarter Fiscal 2024 Financial Results finance.yahoo.com Adjusted EBITDA(1) for the second quarter of Fiscal 2024 of $176.2 million, compared to $142.2 million for the second quarter of Fiscal 2023 Record Water Solutions’ quarterly Adjusted EBITDA(1) of $140.4 million for the second quarter of Fiscal 2024, a 34.0% increase compared to the second quarter of Fiscal 2023 Our Water Solutions segment continues to outperform, so we are increasing our Fiscal 2024 Adjusted EBITDA(2) guidance for this segment to $500 million plus. We are reaffirming our full year consolidated Adjusted EBITDA(2) guidance of $645 million plus rather than increasing it commensurate with the Water Solutions’ increase as we are anticipating asset sales plus uncertainty around the Liquid Logistics segment’s performance in the face of a potentially warmer than normal winter." stated Mike Krimbill NGL’s CEO Borrowings on the Partnership’s ABL Facility totaled approximately $156.0 million (compared to $180m last Q). Long term debt was down $54m to $2.78b So the line of credit and LT debt were reduced by $78m in the quarter. Not too shabby. There is an investor presentation on the web site...... chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://irp.cdn-website.com/3038c594/files/uploaded/20231109_EarningsCall.pdf

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