Key Points
- Director John Raymond bought 300,000 NGL shares at an average price of $16.98, investing approximately $5.09 million and increasing his ownership by 391.5% to 376,626 shares.
- NGL Energy Partners reported a strong quarterly performance, with EPS of $0.48 versus the $0.11 consensus estimate and revenue of about $990 million versus expectations of $346 million.
- The stock opened at $17.13 and remains near its 12-month high of $18.80; institutional investors own approximately 40.6% of the company, while analysts’ average rating is “Buy.”
NGL Energy Partners LP (NYSE:NGL - Get Free Report) Director James Collingsworth bought 10,808 shares of NGL Energy Partners stock in a transaction on Tuesday, August 25th. The stock was acquired at an average price of $16.82 per share, with a total value of $181,790.56. Following the completion of the purchase, the director directly owned 764,308 shares of the company's stock, valued at approximately $12,855,660.56. The trade was a 1.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
NGL Energy Partners Trading Down 2.2%
NGL opened at $17.13 on Thursday. NGL Energy Partners LP has a 1-year low of $5.01 and a 1-year high of $18.80. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -6.03 and a beta of 0.63. The business has a 50 day moving average of $16.15 and a 200-day moving average of $14.76.
NGL Energy Partners (NYSE:NGL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.11 by $0.37. The business had revenue of $989.99 million for the quarter, compared to analyst estimates of $346.13 million. NGL Energy Partners had a negative return on equity of 39.51% and a negative net margin of 3.76%. Equities analysts predict that NGL Energy Partners LP will post 1.38 EPS for the current year.
Wall Street Analyst Weigh In
NGL has been the topic of a number of recent analyst reports. Weiss Ratings downgraded NGL Energy Partners from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, June 4th. Wall Street Zen raised shares of NGL Energy Partners from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Zacks Research upgraded shares of NGL Energy Partners from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, NGL Energy Partners presently has an average rating of "Buy".
Check Out Our Latest Research Report on NGL
NGL Energy Partners News Summary
Here are the key news stories impacting NGL Energy Partners this week:
- Positive Sentiment: Director John T. Raymond purchased a combined 326,626 shares for approximately $5.53 million across transactions from August 21–25. The purchases substantially increased his ownership and may signal confidence in NGL’s valuation and outlook. SEC insider purchase filing
- Positive Sentiment: Director James M. Collingsworth bought 11,008 additional shares for roughly $185,183 over August 25–26. The purchases add to an already substantial position and provide another favorable insider-ownership signal. SEC insider purchase filing
- Positive Sentiment: NGL’s latest quarterly results significantly exceeded expectations, with EPS of $0.48 versus a $0.11 consensus estimate and revenue of approximately $990 million versus estimates near $346 million. Analysts expect full-year EPS of about $1.38, supporting the case for continued earnings improvement.
- Positive Sentiment: Broader midstream companies have reported strong second-quarter results, aided by higher throughput, resilient fee-based cash flows, and demand for natural gas and NGL exports. This sector backdrop is generally supportive for NGL. Strong Midstream 2Q26 Earnings Boost Full-Year Outlook
- Neutral Sentiment: Institutional investors own approximately 40.6% of NGL’s shares, with several funds recently increasing or initiating positions. Analyst sentiment is broadly favorable, though coverage remains limited and includes both Strong Buy and Hold ratings.
- Negative Sentiment: CEO H. Michael Krimbill sold 300,000 shares for $5.1 million, reducing his direct holdings by 8.16%. Although directors made larger aggregate purchases, the sizable executive sale could raise questions about near-term insider conviction.
Hedge Funds Weigh In On NGL Energy Partners
Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in shares of NGL Energy Partners by 18.7% in the third quarter. Bank of America Corp DE now owns 11,728,872 shares of the oil and gas company's stock worth $70,373,000 after purchasing an additional 1,843,849 shares in the last quarter. Goldman Sachs Group Inc. raised its position in NGL Energy Partners by 9.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 7,522,370 shares of the oil and gas company's stock valued at $75,224,000 after purchasing an additional 651,779 shares in the last quarter. ING Groep NV boosted its stake in NGL Energy Partners by 4.9% in the fourth quarter. ING Groep NV now owns 5,174,803 shares of the oil and gas company's stock worth $51,748,000 after buying an additional 243,000 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of NGL Energy Partners by 0.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,069,571 shares of the oil and gas company's stock valued at $30,696,000 after purchasing an additional 28,659 shares during the last quarter. Finally, Angelo Gordon & CO. L.P. purchased a new position in shares of NGL Energy Partners in the second quarter worth about $2,730,000. Institutional investors own 40.62% of the company's stock.
NGL Energy Partners Company Profile
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Get Free Report)
NGL Energy Partners LP is a publicly traded master limited partnership that provides midstream infrastructure and marketing services for the energy industry. The company focuses on the transportation, storage, fractionation and marketing of natural gas liquids (NGLs) and refined petroleum products. Through its integrated operations, NGL Energy Partners serves producers, processors, refiners and industrial customers across key U.S. energy-producing regions.
The partnership's asset base includes pipelines, storage terminals, fractionation plants, and distribution facilities.
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