NGL Energy Partners (NYSE:NGL) Releases Quarterly Earnings Results, Misses Estimates By $0.25 EPS

NGL Energy Partners (NYSE:NGL - Get Free Report) released its earnings results on Monday. The oil and gas company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.25), Zacks reports. NGL Energy Partners had a positive return on equity of 77.15% and a negative net margin of 2.87%.

NGL Energy Partners Price Performance

NYSE NGL traded down $1.13 during trading on Tuesday, reaching $4.37. 1,127,091 shares of the company's stock traded hands, compared to its average volume of 430,092. The firm has a market cap of $576.36 million, a price-to-earnings ratio of -1.88 and a beta of 1.71. NGL Energy Partners has a 12-month low of $3.84 and a 12-month high of $6.20. The company's 50 day simple moving average is $5.07 and its two-hundred day simple moving average is $4.61.

About NGL Energy Partners

NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water.