NGL Energy Partners Stock (NYSE:NGL), Trade Ideas

NGL Energy Partners

NGL Energy Partners LP is a us-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, and Liquids Logistics. It operates crude oil storage terminals, and owns pipeline injection stations and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, and for the disposal of solids, such as tank bottoms and drilling fluids. The firm also supplies natural gas liquids to retailers, wholesalers, refiners and petrochemical plants and sells propane and distillates.

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One of the hottest topics among members of Congress and investors has been the stock and options trading activity by several politicians.

Top Stocks, Sectors Loved By Congress Members Who Traded In 2023: Apple, NVIDIA, Microsoft, Ford And More Stocks To Watch In 2024

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U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite trading lower on Monday.

The Dow traded up 0.91% to 32,530.40 while the NASDAQ fell 0.09% to 11,813.90. The S&amp;P 500, also rose, gaining, 0.55% to 3,992.68.

Nasdaq Edges Lower; Unity Biotechnology Shares Plummet

NGL ENERGY PARTNERS LP Common Units representing Limited Partner Interests

NGL Energy Partners LP

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NGL ENERGY PARTNERS LP 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units representing limited partnership interests

NGL ENERGY PARTNERS LP 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests

NGL Energy Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) ("NGL," or the "Partnership") announced today that it has completed the sale of its North and South Ranches. These two New Mexico ranches have combined acreage of approximately 122,250 acres, in the core of the Delaware.
New Mexico Ranches Highlights:
<ul>
<li>Approximately $70.0 million in proceeds, including working capital</li>
<li>Including asset sales in FY24, we have exceeded the $150 million asset sale guidance</li>
</ul>
"NGL remains focused on our commitment to deliver reliable produced water management for our customers while remaining focused on the environment and the sustainability of our operations," commented Doug White, EVP of NGL Water Solutions. "Today's announcement highlights our focus on portfolio optimization, especially as we look for additional opportunities to enhance the portfolio with opportunities like the recently announced LEX II Project."
NGL owns and operates the largest integrated network of large diameter wastewater pipelines, disposal wells and produced water handling systems in the Delaware Basin. NGL's Water Solutions segment operates in several of the most prolific crude oil and natural gas producing basins, including the Delaware, Eagle Ford and DJ Basins.

Guidance

Asset Sales

NGL Energy Partners LP Announces Sale Of The New Mexico Ranches For ~$70M In Proceeds, Including Working Capital; Including Asset Sales In FY24, We Have Exceeded The $150M Asset Sale Guidance

NGL Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) reported its Q3 earnings results on Thursday, February 8, 2024 at 04:33 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
NGL Energy Partners beat estimated earnings by 166.67%, reporting an EPS of $0.08 versus an estimate of $0.03.
Revenue was down $269.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.04 which was followed by a 5.05% drop in the share price the next day.
Here's a look at NGL Energy Partners's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.01</td>
<td>0.16</td>
<td>0.15</td>
<td>0.12</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.05</td>
<td>-0.11</td>
<td>0.10</td>
<td>0.19</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>2.09B</td>
<td>2.11B</td>
<td>2.32B</td>
<td>2.63B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>1.84B</td>
<td>1.62B</td>
<td>2.05B</td>
<td>2.14B</td>
</tr>
</tbody>
</table>

To track all earnings releases for NGL Energy Partners <a href="https://www.benzinga.com/quote/NGL/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

NGL Energy Partners: Q3 Earnings Insights

NGL Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) reported quarterly earnings of $0.08 per share. This is a 57.89 percent decrease over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $1.87 billion which missed the analyst consensus estimate of $2.05 billion by 8.63 percent. This is a 12.58 percent decrease over sales of $2.14 billion the same period last year.

Earnings Misses

NGL Energy Partners Q3 2024 GAAP EPS $0.08 Down From $0.19 YoY, Sales $1.87B Miss $2.05B Estimate

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Earnings Scheduled For February 8, 2024

NGL Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-08. Here's what investors need to know before the announcement.
Analysts estimate that NGL Energy Partners will report an earnings per share (EPS) of $0.03. 
NGL Energy Partners bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.04, which was followed by a 5.05% drop in the share price the next day.
Here's a look at NGL Energy Partners's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.01</td>
<td>0.16</td>
<td>0.15</td>
<td>0.12</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.05</td>
<td>-0.11</td>
<td>0.10</td>
<td>0.19</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-5.05%</td>
<td>-7.24%</td>
<td>5.99%</td>
<td>21.64%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707332485_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of NGL Energy Partners were trading at $5.76 as of February 06. Over the last 52-week period, shares are up 248.25%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/NGL/earnings">To track all earnings releases for NGL Energy Partners visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: NGL Energy Partners's Earnings

The Office of Tennessee Representative Mark Green has reported a sale of NGL Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) stock on February 1, 2024. According to the Periodic Transaction Report the transaction was placed on February 1, 2024.
What Happened: A recent report from the House of Representatives Clerk's Office on February 1, 2024 reveals that Green made a sale of <a href="www.benzinga.com/quote/NGL">NGL Energy Partners</a> stock valued between $100,001 - $250,000.
NGL Energy Partners shares are trading down 0.09% at $5.83 at the time of writing.
<h3>Why Congressional Transactions Matter</h3>
Congressional transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
A Congressional transaction is when any Representative or Senator either buys or sells an individual stock. Anyone working in Congress must file a Periodic Transaction Report to inform the public of their recent transaction within 30 days of being notified of the transaction and within 45 days of the transaction date.
When a Senator or Representative makes a new purchase, that could be an indication that they expect the stock to rise.
A sale, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.
In April 2012, Former President Barack Obama signed the STOCK Act into law. The act prohibits members of Congress from using private information given to them by their position for personal gain such as buying or selling a stock. The act also expanded disclosure requirements for members of Congress by requiring them to file a monthly disclosure. 
<h3>Trade Recap</h3>
A February filing states that Tennessee Representative Mark Green sold shares of NGL Energy Partners. The exact amount of the transaction remained unknown but the filing states a range of $100,001 - $250,000.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Government

General

Congressional Trading Report: Rep. Mark Green Sold Over $100K In NGL Energy Partners Stock

NGL Energy Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) (&quot;NGL,&quot; or the &quot;Partnership&quot;) announced today that NGL Water Solutions is commencing expansion of its Lea County Express Pipeline System from a capacity of 140,000 barrels of water per day to 340,000 barrels per day in 2024 (LEX II Expansion). The addition of a second large-diameter pipeline, disposal wells, and facilities will greatly expand the capabilities of NGL&#39;s existing produced water super-system and create a significantly larger outlet for produced water disposal within the Delaware Basin. The construction of the 27-mile, 30-inch produced water pipeline will transport water to areas outside the core of the basin thereby further diversifying NGL&#39;s geographic location of its disposal operations. The LEX II Expansion is fully underwritten by a recently executed minimum volume commitment contract that includes an acreage dedication extension with an investment grade oil and gas producer.
LEX II Expansion Highlights:
<ul>
<li>27-mile 30-inch diameter produced water pipeline</li>
<li>Initial capacity 200,000 barrels per day</li>
<li>Incremental increase in committed acreage and volumes under dedication from the producer</li>
<li>Lea County Express Pipeline System expandable to 500,000 barrels per day</li>
</ul>

NGL Energy Partners Announces Major Expansion of Lea County Express Pipeline, Boosts Water Disposal Capacity with New 27-Mile Pipeline

Representative Mark Green from Tennessee reported a sale of NGL Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) stock, according to a January filing. The transaction took place on January 17, 2024.
What Happened: A recent report from the House of Representatives Clerk's Office on January 17, 2024 reveals that Green made a sale of <a href="www.benzinga.com/quote/NGL">NGL Energy Partners</a> stock valued between $100,001 - $250,000.
NGL Energy Partners shares are trading up 0.5% at $5.03 at the time of writing.
<h3>Why Congressional Transactions Matter</h3>
Congressional transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
A Congressional transaction is when any Representative or Senator either buys or sells an individual stock. Anyone working in Congress must file a Periodic Transaction Report to inform the public of their recent transaction within 30 days of being notified of the transaction and within 45 days of the transaction date.
When a Senator or Representative makes a new purchase, that could be an indication that they expect the stock to rise.
A sale, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.
In April 2012, Former President Barack Obama signed the STOCK Act into law. The act prohibits members of Congress from using private information given to them by their position for personal gain such as buying or selling a stock. The act also expanded disclosure requirements for members of Congress by requiring them to file a monthly disclosure. 
<h3>Trade Recap</h3>
A January filing states that Tennessee Representative Mark Green sold shares of NGL Energy Partners. The exact amount of the transaction remained unknown but the filing states a range of $100,001 - $250,000.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

For the three months ended December 31, 2023, NGL is estimating the following:
<ul>
<li>Consolidated Adjusted EBITDA1:&nbsp;$150&nbsp;-&nbsp;$160 million; and</li>
<li>Capital expenditures (including both maintenance and growth):&nbsp;$30&nbsp;-&nbsp;$40 million.</li>
</ul>
In addition, NGL is providing the following information regarding the outstanding principal amount of certain of its debt as of December 31, 2023:
<ul>
<li>Asset-based revolving credit facility borrowings of:&nbsp;$55.0 million</li>
<li>Senior notes:
<ul>
<li>6.125%&nbsp;senior unsecured notes due 2025:&nbsp;$281 million;</li>
<li>7.5%&nbsp;senior unsecured notes due 2026:&nbsp;$320 million; and</li>
<li>7.500%&nbsp;senior secured notes due 2026:&nbsp;$2.050 billion.</li>
</ul>
</li>
</ul>

NGL Energy Partners Provides Preliminary Estimates For Q3 Results, Expects Consolidated Adjusted EBITDA Of $150M–$160M; Announces $700M Senior Secured Term Loan Facility

One of the hottest topics among members of Congress and investors has been the stock and options trading activity by <a href="https://www.benzinga.com/topic/congress-trading">several politicians.</a>
A new report reveals how several members of Congress outperformed the overall market, and also shares some of the top stocks and sectors picked the most by those in office.
What Happened: Many stock indexes ended 2023 <a href="https://www.benzinga.com/markets/equities/23/12/36418483/s-p-500-eyes-9th-week-of-gains-longest-streak-in-2-decades-stocks-leading-the-rally">trading at all-time highs </a>or near all-time highs, with 2023 turning into a rebound year for investors after a down 2022.
A new <a href="https://unusualwhales.com/politics/article/congress-trading-report-2023">report </a>released by Unusual Whales highlighted the top traders in Congress with Brian Higgins (D-N.Y.) taking the crown with a 238.9% gain from 2023 trades.
The report found that 32 members of Congress beat the performance of the S&amp;P 500, which is tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>). Republicans posted average gains of 17.99 and Democrats had average gains of 31.18% compared to the 24.8% gain for the S&amp;P 500.
The report highlighted some of the top sectors and stocks that members of Congress traded most often in 2023.
Related Link: <a href="https://www.benzinga.com/general/politics/23/12/36310958/tommy-tuberville-lost-on-tesla-trade-could-win-big-on-us-steel-trade-a-look-at-the-congress-trad">Tommy Tuberville Lost On Tesla Trade, Could Win Big On US Steel Trade &#8211; A Look At The Congress Trades Raising Eyebrows</a>
Top Sectors in 2023: The report highlights that the performance by political party may have been related to sector selection with many Democrats trading technology stocks and many Republicans trading financials, oil stocks and commodities that underperformed in 2023.
The top overall sectors bought in 2023 shared in the report were:
<ol>
<li>Technology</li>
<li>Energy</li>
<li>Healthcare</li>
<li>Consumer Defensive</li>
<li>Financial Services</li>
</ol>
The top overall sectors sold in 2023 were:
<ol>
<li>Technology</li>
<li>Communications Services</li>
<li>Energy</li>
<li>Healthcare</li>
<li>Consumer Defensive</li>
</ol>
While financial services was a top sector among sales in 2023, several disclosures by members of Congress <a href="https://www.benzinga.com/markets/penny-stocks/23/05/32122211/congressman-saw-the-future-of-first-republicjp-morgan-with-expertly-timed-trades">with sales of bank stocks</a> timed near the collapse of several banks drew increased attention from the public.
Technology led the way in 2023 with members of Congress actively buying and selling top performers in the sector.
Another trade theme that often drew attention was shorting the market, which was done several times by several members of Congress, including Representative Thomas Carper (D-Del.) who used short ETFs to <a href="https://www.benzinga.com/government/23/11/35625515/us-senator-who-serves-on-finance-committee-profits-from-betting-against-the-stock-market-and-he-just">bet against the market</a>. The moves come as Carper serves on the Senate Finance Committee.
Top Stocks in 2023: Unusual Whales collaborated on <a href="https://www.benzinga.com/markets/penny-stocks/23/02/30768851/want-to-copy-master-trader-nancy-pelosis-investments-theres-an-etf-for-that-here-are-the-hol">two Congress Trading-themed ETFs</a> in 2023, which allow investors a chance to invest alongside the members of Congress.
The ETFs are the Unusual Whales Subversive Democratic Trading ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/NANC#BATS">NANC</a>) and the Unusual Whales Subversive Republican Trading ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/KRUZ#BATS">KRUZ</a>).
The new report from Unusual Whales highlights the top stocks that were bought and sold by members of Congress in 2023.
The top 10 stocks bought by members of the House of Representatives were:
<ol>
<li>ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>)</li>
<li>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</li>
<li>Tyson Foods Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>)</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</li>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</li>
<li>NGL Energy Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>)</li>
<li>Bayer AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BAYRY#OTC">BAYRY</a>)</li>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>)</li>
<li>Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>)</li>
<li>Fidelity National Information Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>)</li>
</ol>
The top 10 stocks sold by members of the House of Representatives were:
<ol>
<li>Microsoft</li>
<li>Pioneer Natural Resources Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PXD#NYSE">PXD</a>)</li>
<li>Energy Transfer LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>)</li>
<li>Alphabet Inc</li>
<li>Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</li>
<li>Activision Blizzard (Acquired by Microsoft)</li>
<li>Citigroup Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>)</li>
<li>UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>)</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
<li>Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>)</li>
</ol>
The top 10 stocks bought by members of the Senate were:
<ol>
<li>Admiral Acquisition (London Stock Exchange)</li>
<li>PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>)</li>
<li>Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>)</li>
<li>Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>)</li>
<li>Clorox Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>)</li>
<li>Formula One (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWONK#NASDAQ">FWONK</a>)</li>
<li>Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</li>
<li>Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)</li>
<li>Kimberly-Clark Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>)</li>
<li>Louisiana-Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>)</li>
<li>Tactile Systems Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCMD#NASDAQ">TCMD</a>)</li>
</ol>
The top 10 stocks sold by members of the Senate were:
<ol>
<li>Wireless Telecom Group (acquired by Maury Microwave)</li>
<li>Radius Global Infrastructure (acquired by EQT)</li>
<li>United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>)</li>
<li>Formula One</li>
<li>Microsoft</li>
<li>Qualcomm</li>
<li>Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>)</li>
<li>Keurig Dr Pepper (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>)</li>
<li>Construction Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>)</li>
<li>Clorox Company</li>
</ol>
The sector and stock purchases and sales are based on maximum dollars from financial disclosures, which means large transactions by several members of Congress could skew the results of how popular individual sectors and stocks were in 2023.
The list of stocks and sectors that were bought and sold could illustrate a sense of where certain members of Congress believe the market is headed in 2023 and which sectors could outperform the overall market.
Read Next: <a href="https://www.benzinga.com/general/politics/23/12/36204780/best-trader-in-congress-wagered-20m-in-bets-on-a-major-tech-company-and-he-loves-options">Best Trader In Congress Wagered $20M In Bets On A Major Tech Company – And He Loves Options</a>

NGL Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) reported quarterly losses of $(0.05) per share which missed the analyst consensus estimate of $(0.01) by 400 percent. This is a 76.19 percent increase over losses of $(0.21) per share from the same period last year. The company reported quarterly sales of $1.84 billion which missed the analyst consensus estimate of $2.09 billion by 11.91 percent. This is a 8.36 percent decrease over sales of $2.01 billion the same period last year.

NGL Energy Partners Q2 EPS $(0.05) Misses $(0.01) Estimate, Sales $1.84B Miss $2.09B Estimate

NGL Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) reported its Q2 earnings results on Thursday, November 9, 2023 at 04:23 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
NGL Energy Partners missed estimated earnings by 400.0%, reporting an EPS of $-0.05 versus an estimate of $-0.01.
Revenue was down $168.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.27 which was followed by a 7.24% drop in the share price the next day.
Here's a look at NGL Energy Partners's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.16</td>
<td>0.15</td>
<td>0.12</td>
<td>0.09</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.11</td>
<td>0.10</td>
<td>0.19</td>
<td>-0.21</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>2.11B</td>
<td>2.32B</td>
<td>2.63B</td>
<td>2.64B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>1.62B</td>
<td>2.05B</td>
<td>2.14B</td>
<td>2.01B</td>
</tr>
</tbody>
</table>

To track all earnings releases for NGL Energy Partners <a href="https://www.benzinga.com/quote/NGL/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

NGL Energy Partners: Q2 Earnings Insights

NGL Energy Partners LP Q2 EPS $(0.05)

NGL Energy Sees FY24 Asset Sales ~$75M

NGL Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) reported quarterly losses of $(0.11) per share which missed the analyst consensus estimate of $0.16 by 168.75 percent. This is a 175 percent decrease over losses of $(0.04) per share from the same period last year. The company reported quarterly sales of $1.62 billion which missed the analyst consensus estimate of $2.11 billion by 23.41 percent. This is a 35.28 percent decrease over sales of $2.50 billion the same period last year.

NGL Energy Partners Q1 EPS $(0.11) Misses $0.16 Estimate, Sales $1.62B Miss $2.11B Estimate

The Office of Tennessee Representative Mark Green has reported a purchase of NGL Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) stock on August 8, 2023. According to the Periodic Transaction Report the transaction was placed on August 8, 2023.
What Happened: A Periodic Transaction Report from the House of Representatives Clerk's Office on August 8, 2023 showed that Green bought $250,001 - $500,000 of <a href="www.benzinga.com/quote/NGL">NGL Energy Partners</a> stock.
NGL Energy Partners shares are trading up 4.57% at $4.52 at the time of writing.
<h3>Why Congressional Transactions Matter</h3>
Congressional transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
A Congressional transaction is when any Representative or Senator either buys or sells an individual stock. Anyone working in Congress must file a Periodic Transaction Report to inform the public of their recent transaction within 30 days of being notified of the transaction and within 45 days of the transaction date.
When a Senator or Representative makes a new purchase, that could be an indication that they expect the stock to rise.
A sale, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.
In April 2012, Former President Barack Obama signed the STOCK Act into law. The act prohibits members of Congress from using private information given to them by their position for personal gain such as buying or selling a stock. The act also expanded disclosure requirements for members of Congress by requiring them to file a monthly disclosure. 
<h3>Trade Recap</h3>
A August filing states that Tennessee Representative Mark Green bought shares of NGL Energy Partners. The exact amount of the transaction remained unknown but the filing states a range of $250,001 - $500,000.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Rep. Mark Green Has Bought Up to $500K Worth Of NGL Energy Partners Stock: Here's What You Should Know

GE HealthCare Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gehc#NASDAQ">GEHC</a>) is a &quot;screaming buy right here,&quot; according to CNBC&#39;s Jim Cramer, adding If there are indeed more elective surgeries, there is going to be more <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/06/32854878/10m-bet-on-gamestop-check-out-these-3-stocks-insiders-are-buying"> need for their big MRIs.&quot;</a>
On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Cramer also said he loves NGL Energy Partners LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ngl#NYSE">NGL</a>), calling it &quot;one of these logistics companies that moves fuel.&quot;
Cramer recommended buying Enphase Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/enph#NASDAQ">ENPH</a>), and added that, &quot;I happen to think that home solar equipment is here to stay, and you&rsquo;re getting a terrific opportunity to buy this stock much lower.&quot;
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
There were three stocks viewers were advised to avoid:
<ul>
<li>When asked about FuelCell Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fcel#NASDAQ">FCEL</a>), Cramer said he can&rsquo;t recommend stocks that are not making money. &quot;There&rsquo;s no reason why they are still losing money,&quot; he added.</li>
<li>When asked about Pampa Energia SA&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pam#NYSE">PAM</a>), he said, &quot;I cannot recommend the stocks that are Argentinian or Brazilian&hellip; Because Argentina&rsquo;s got runaway inflation, and Brazil&rsquo;s got an unstable government.&quot;</li>
<li>The &quot;Mad Money&quot; host also recommended staying away from Annaly Capital Management, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nly#NYSE">NLY</a>) and believes&nbsp;it&rsquo;s a &quot;trap.&quot; He added, &quot;It always looks like it has a high yield, but the fact is it&rsquo;s been a terrible performer for years and years.&quot;</li>
</ul>
Price Action: Shares of Annaly Capital fell 0.4% to close at $20.65, while Pampa Energ&iacute;a fell 0.9% to $38.19 on Wednesday. Enphase Energy shares fell 0.3%, while FuelCell Energy shares dipped 7.9% during the session. NGL Energy and GE HealthCare both gained 1% on Wednesday.
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/06/32868299/markets-turn-more-bullish-following-feds-rate-decision"> Traders More Optimistic Following Fed&#39;s Rate Decision </a>

Cramer: This Healthcare Stock Is A 'Screaming Buy.' As For Annaly? 'It's A Trap'

The Office of Tennessee Representative Mark Green has reported a purchase of NGL Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) stock on June 12, 2023. According to the Periodic Transaction Report the transaction was placed on June 12, 2023.
What Happened: A Periodic Transaction Report from the House of Representatives Clerk's Office on June 12, 2023 showed that Green bought $100,001 - $250,000 of <a href="www.benzinga.com/quote/NGL">NGL Energy Partners</a> stock.
NGL Energy Partners shares are trading up 7.28% at $3.89 at the time of writing.
<h3>The Importance of Congressional Transactions</h3>
Congressional transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
A Congressional transaction is when any Representative or Senator either buys or sells an individual stock. Anyone working in Congress must file a Periodic Transaction Report to inform the public of their recent transaction within 30 days of being notified of the transaction and within 45 days of the transaction date.
When a Senator or Representative makes a new purchase, that could be an indication that they expect the stock to rise.
A sale, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.
In April 2012, Former President Barack Obama signed the STOCK Act into law. The act prohibits members of Congress from using private information given to them by their position for personal gain such as buying or selling a stock. The act also expanded disclosure requirements for members of Congress by requiring them to file a monthly disclosure. 
<h3>Trade Recap</h3>
A June filing states that Tennessee Representative Mark Green bought shares of NGL Energy Partners. The exact amount of the transaction remained unknown but the filing states a range of $100,001 - $250,000.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recent Filing Shows That Rep. Mark Green Bought Over $100K Worth of NGL Energy Partners Stock

Representative Mark Green from Tennessee reported a purchase of NGL Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) stock, according to a June filing. The transaction took place on June 5, 2023.
What Happened: A recent report from the House of Representatives Clerk's Office on June 5, 2023 reveals that Green made a purchase of <a href="www.benzinga.com/quote/NGL">NGL Energy Partners</a> stock valued between $100,001 - $250,000.
NGL Energy Partners shares are trading up 2.6% at $3.55 at the time of writing.
<h3>The Importance of Congressional Transactions</h3>
Congressional transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
A Congressional transaction is when any Representative or Senator either buys or sells an individual stock. Anyone working in Congress must file a Periodic Transaction Report to inform the public of their recent transaction within 30 days of being notified of the transaction and within 45 days of the transaction date.
When a Senator or Representative makes a new purchase, that could be an indication that they expect the stock to rise.
A sale, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.
In April 2012, Former President Barack Obama signed the STOCK Act into law. The act prohibits members of Congress from using private information given to them by their position for personal gain such as buying or selling a stock. The act also expanded disclosure requirements for members of Congress by requiring them to file a monthly disclosure. 
<h3>Trade Recap</h3>
A June filing states that Tennessee Representative Mark Green bought shares of NGL Energy Partners. The exact amount of the transaction remained unknown but the filing states a range of $100,001 - $250,000.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

This House of Representative Just Bought Up To $250K In NGL Energy Partners Stock

<h3>Upgrades</h3>
According to Citigroup, the prior rating for Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) was changed from Neutral to Buy. For the first quarter, Ford Motor had an EPS of $0.63, compared to year-ago quarter EPS of $0.38. At the moment, the stock has a 52-week-high of $16.68 and a 52-week-low of $10.62. Ford Motor closed at $12.39 at the end of the last trading period. 
According to Wells Fargo, the prior rating for NGL Energy Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) was changed from Underweight to Equal-Weight. In the fourth quarter, NGL Energy Partners showed an EPS of $0.10, compared to $0.43 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.03 and a 52-week-low of $1.00. NGL Energy Partners closed at $3.52 at the end of the last trading period. 
According to JP Morgan, the prior rating for Valley National Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLY#NASDAQ">VLY</a>) was changed from Neutral to Overweight. Valley Ntl earned $0.30 in the first quarter, compared to $0.28 in the year-ago quarter. The stock has a 52-week-high of $13.06 and a 52-week-low of $6.38. At the end of the last trading period, Valley Ntl closed at $8.00. 
According to Odeon Capital, the prior rating for Comerica Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) was changed from Hold to Buy. Comerica earned $2.39 in the first quarter, compared to $1.37 in the year-ago quarter. The stock has a 52-week-high of $87.02 and a 52-week-low of $28.40. At the end of the last trading period, Comerica closed at $40.93. 
According to Seaport Global, the prior rating for Dominion Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) was changed from Neutral to Buy. Dominion Energy earned $0.99 in the first quarter, compared to $1.18 in the year-ago quarter. The stock has a 52-week-high of $86.28 and a 52-week-low of $48.48. At the end of the last trading period, Dominion Energy closed at $49.86. 
BMO Capital upgraded the previous rating for Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) from Underperform to Market Perform. In the first quarter, Equity Residential showed an EPS of $0.87, compared to $0.77 from the year-ago quarter. At the moment, the stock has a 52-week-high of $80.87 and a 52-week-low of $54.60. Equity Residential closed at $63.09 at the end of the last trading period. 
For Equitrans Midstream Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETRN#NYSE">ETRN</a>), Morgan Stanley upgraded the previous rating of Underweight to Overweight. In the first quarter, Equitrans Midstream showed an EPS of $0.22, compared to $0.14 from the year-ago quarter. At the moment, the stock has a 52-week-high of $9.89 and a 52-week-low of $4.60. Equitrans Midstream closed at $9.08 at the end of the last trading period. 
According to Raymond James, the prior rating for Clipper Realty Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLPR#NYSE">CLPR</a>) was changed from Market Perform to Outperform. In the first quarter, Clipper Realty showed an EPS of $0.11, compared to $0.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $9.20 and a 52-week-low of $4.94. Clipper Realty closed at $5.69 at the end of the last trading period. 
For Blackbaud Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>), Raymond James upgraded the previous rating of Market Perform to Outperform. Blackbaud earned $0.72 in the first quarter, compared to $0.57 in the year-ago quarter. The stock has a 52-week-high of $74.34 and a 52-week-low of $43.54. At the end of the last trading period, Blackbaud closed at $74.04. 
For Fiera Capital Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FRRPF#OTC">FRRPF</a>), BMO Capital upgraded the previous rating of Market Perform to Outperform. 
According to Keefe, Bruyette &amp; Woods, the prior rating for DigitalBridge Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBRG#NYSE">DBRG</a>) was changed from Market Perform to Outperform. In the first quarter, DigitalBridge Gr showed an EPS of $1.25, compared to $1.84 from the year-ago quarter. The current stock performance of DigitalBridge Gr shows a 52-week-high of $23.44 and a 52-week-low of $9.99. Moreover, at the end of the last trading period, the closing price was at $12.84. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>
<h3>Downgrades</h3>
According to Stifel, the prior rating for Circor International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIR#NYSE">CIR</a>) was changed from Buy to Hold. Circor Intl earned $0.53 in the first quarter, compared to $0.05 in the year-ago quarter. The current stock performance of Circor Intl shows a 52-week-high of $32.02 and a 52-week-low of $13.27. Moreover, at the end of the last trading period, the closing price was at $31.67. 
According to Cannonball Research, the prior rating for Magnite Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNI#NASDAQ">MGNI</a>) was changed from Buy to Neutral. In the first quarter, Magnite showed an EPS of $0.04, compared to $0.08 from the year-ago quarter. The stock has a 52-week-high of $14.21 and a 52-week-low of $5.58. At the end of the last trading period, Magnite closed at $13.29. 
B of A Securities downgraded the previous rating for Royal Gold Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>) from Neutral to Underperform. Royal Gold earned $0.96 in the first quarter, compared to $1.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $147.82 and a 52-week-low of $84.60. Royal Gold closed at $123.49 at the end of the last trading period. 
For Blueprint Medicines Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPMC#NASDAQ">BPMC</a>), SVB Leerink downgraded the previous rating of Market Perform to Underperform. Blueprint Medicines earned $2.15 in the first quarter, compared to $1.79 in the year-ago quarter. At the moment, the stock has a 52-week-high of $79.40 and a 52-week-low of $37.82. Blueprint Medicines closed at $58.22 at the end of the last trading period. 
For Vitesse Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTS#NYSE">VTS</a>), Evercore ISI Group downgraded the previous rating of Outperform to Neutral. In the first quarter, Vitesse Energy showed an EPS of $0.53, compared to $0.02 from the year-ago quarter. The stock has a 52-week-high of $24.50 and a 52-week-low of $13.90. At the end of the last trading period, Vitesse Energy closed at $24.13. 
For PROG Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRG#NYSE">PRG</a>), Loop Capital downgraded the previous rating of Buy to Hold. PROG Holdings earned $1.11 in the first quarter, compared to $0.57 in the year-ago quarter. At the moment, the stock has a 52-week-high of $34.33 and a 52-week-low of $12.12. PROG Holdings closed at $34.16 at the end of the last trading period. 
Oppenheimer downgraded the previous rating for The Estee Lauder Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) from Outperform to Perform. Estee Lauder Cos earned $0.47 in the third quarter, compared to $1.90 in the year-ago quarter. The stock has a 52-week-high of $284.27 and a 52-week-low of $182.02. At the end of the last trading period, Estee Lauder Cos closed at $188.29. 
According to Mizuho, the prior rating for Rain Oncology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAIN#NASDAQ">RAIN</a>) was changed from Buy to Neutral. Rain Oncology earned $0.56 in the first quarter, compared to $0.66 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.48 and a 52-week-low of $0.94. Rain Oncology closed at $1.26 at the end of the last trading period. 
According to Morgan Stanley, the prior rating for Dollar General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) was changed from Overweight to Equal-Weight. Dollar Gen earned $2.34 in the first quarter, compared to $2.41 in the year-ago quarter. The current stock performance of Dollar Gen shows a 52-week-high of $261.57 and a 52-week-low of $159.12. Moreover, at the end of the last trading period, the closing price was at $166.12. 
According to Keybanc, the prior rating for Target Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) was changed from Overweight to Sector Weight. Target earned $2.05 in the first quarter, compared to $2.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $183.84 and a 52-week-low of $126.75. Target closed at $133.22 at the end of the last trading period. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>
<h3>Initiations</h3>
With a Sell rating, UBS initiated coverage on Cloudflare Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>). The price target seems to have been set at $55.00 for Cloudflare. In the first quarter, Cloudflare showed an EPS of $0.08, compared to $0.01 from the year-ago quarter. The current stock performance of Cloudflare shows a 52-week-high of $80.84 and a 52-week-low of $37.38. Moreover, at the end of the last trading period, the closing price was at $70.64. 
With an Outperform rating, TD Cowen initiated coverage on Liberty Formula One Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWONA#NASDAQ">FWONA</a>). The price target seems to have been set at $90.00 for Liberty Formula One Group. In the first quarter, Liberty Formula One Group showed an EPS of $0.58, compared to $0.15 from the year-ago quarter. The current stock performance of Liberty Formula One Group shows a 52-week-high of $69.12 and a 52-week-low of $45.01. Moreover, at the end of the last trading period, the closing price was at $64.40. 
For Axcelis Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>), William Blair initiated coverage, by setting the current rating at Outperform. For the first quarter, Axcelis Technologies had an EPS of $1.43, compared to year-ago quarter EPS of $1.22. The stock has a 52-week-high of $167.36 and a 52-week-low of $46.42. At the end of the last trading period, Axcelis Technologies closed at $162.36. 
For NetEase Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>), Bernstein initiated coverage, by setting the current rating at Outperform. NetEase earned $1.69 in the first quarter, compared to $1.22 in the year-ago quarter. The current stock performance of NetEase shows a 52-week-high of $108.71 and a 52-week-low of $53.12. Moreover, at the end of the last trading period, the closing price was at $86.61. 
RBC Capital initiated coverage on GoDaddy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Sector Perform rating. The price target for GoDaddy is set to $80.00. For the first quarter, GoDaddy had an EPS of $0.30, compared to year-ago quarter EPS of $0.41. The current stock performance of GoDaddy shows a 52-week-high of $85.32 and a 52-week-low of $64.69. Moreover, at the end of the last trading period, the closing price was at $75.73. 
With a Hold rating, Deutsche Bank initiated coverage on RPM International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>). The price target seems to have been set at $90.00 for RPM International. RPM International earned $0.37 in the third quarter, compared to $0.38 in the year-ago quarter. At the moment, the stock has a 52-week-high of $106.26 and a 52-week-low of $74.61. RPM International closed at $83.73 at the end of the last trading period. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

Upgrades

Downgrades

Initiation

Analyst Ratings

ACLS

BLKB

BPMC

CLPR

DBRG

ETRN

FRRPF

FWONA

GDDY

MGNI

NTES

RAIN

RGLD

Benzinga's Top Ratings Upgrades, Downgrades For June 5, 2023

With robust natural gas consumption and stunted refineries, gasoline prices have been surging recently, creating significant tailwinds for the energy sector. Hence, fundamentally sound gas stocks Cheniere Energy (CQP), Transportadora de Gas (TGS) and NGL Energy (NGL) could be wise additions to your portfolio. Keep reading… Growing energy consumption, driven by population growth, industrialization, and economic development, continues to be a significant driver for the oil and gas industry. The industry's growth is further fueled by increased transition toward technologies like AI and big data analytics.
Amid this backdrop, it could be wise to add quality gas stocks Cheniere Energy Partners, L.P. (<a href="https://stocknews.com/stock/CQP/">CQP</a>), Transportadora de Gas del Sur S.A. (<a href="https://stocknews.com/stock/TGS/">TGS</a>), and NGL Energy Partners LP (<a href="https://stocknews.com/stock/NGL/">NGL</a>) to your portfolio for solid returns.
Gasoline prices have <a href="https://finance.yahoo.com/news/gas-prices-stark-increases-expected-amid-stunted-refineries-higher-oil-185235077.html">witnessed a sharp rise</a> lately due to recent U.S. refinery constraints and increasing oil prices. According to Tom Kloza, global head of energy analysis at OPIS, "US refining has been stunted by severe weather and some power losses at key plants. We may in the next few days see US retail gas prices at a higher number than year-ago."
The recent surge in oil prices is due to high demand driven by economic growth and constrained supplies. As per a monthly report by the Organization of the Petroleum Exporting Countries (OPEC), global oil demand is projected to <a href="https://www.reuters.com/business/energy/opec-sticks-oil-demand-view-sees-better-economic-growth-2024-02-13/#:~:text=The%20Organization%20of%20the%20Petroleum,additional%20tailwind%20to%20oil%20demand.">rise by 2.25 million barrels per day (bpd) in 2024</a> and by another 1.85 million bpd in 2025.
Besides, OPEC+ members recently agreed to <a href="https://www.cnn.com/2024/03/03/business/opec-crude-oil-production/index.html#:~:text=OPEC%2B%20member%20nations%20have%20agreed,oil%20prices%20by%20reducing%20supply.">extend their voluntary cuts to oil production</a> through the second quarter of this year. This move is aimed at the group's balancing act to stabilize crude oil prices by lowering supply.
The oil and gas market is expected to grow from $7.19 trillion in 2023 to $7.62 trillion in 2024 at a <a href="https://www.researchandmarkets.com/reports/5939776/oil-gas-global-market-report">CAGR of 6.1%</a>. Further, the market is expected to expand to $9.35 trillion by 2028, growing at a CAGR of 5.2% during the forecast period (2024-2028).
Moreover, <a href="https://www.eia.gov/outlooks/steo/#a__text_The_20new_20capacity_20will_20boost_and_20be_20unchanged_20in_202025_">natural gas consumption in the U.S.</a> is spiking, which is evident as more than 118 Bcf/d of natural gas was consumed in January, a new monthly record driven by the electric power sector, as reported by the U.S. Energy Information Administration (EIA).
Also, it is forecasted that the U.S. natural gas consumption will surge by 5% during the first quarter of 2024 compared with 1Q23, remarked one of the warmest first quarters on record.
According to The Business Research Company report, the liquefied natural gas (LNG) market is expected to reach $192.57 billion by 2028, <a href="https://www.thebusinessresearchcompany.com/report/liquefied-natural-gas-global-market-report">growing at a CAGR of 7.5%.</a>
Given the industry's robust outlook, investing in quality gas stocks CQP, TGS, and NGL could be wise now.
Let's discuss the fundamentals of these stocks in detail:
Cheniere Energy Partners, L.P. (<a href="https://stocknews.com/stock/CQP/">CQP</a>)
CQP offers LNG to integrated energy companies, utilities, and energy trading companies worldwide. It owns and operates a natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana. It also owns a natural gas supply pipeline that interconnects the Sabine Pass LNG terminal with various interstate pipelines.
On January 26, 2024, CQP declared a cash distribution of $1.03 per common unit to unitholders of record as of February 7, 2024, comprised of a base amount equal to $0.775 and a variable amount equal to $0.260, and related distribution to its general partner. These distributions were paid on February 14, 2024.
CQP pays an annual distribution of $0.78 per unit, which translates to a dividend yield of 1.59% on the current share price. Its four-year average dividend yield is 1.97%.
On November 29, 2023, CQP and Cheniere Energy, Inc. (<a href="https://stocknews.com/stock/LNG/">LNG</a>) announced that Sabine Pass Liquefaction Stage V, LLC entered into a long-term Integrated Production Marketing (IPM) gas supply agreement with ARC Resources U.S. Corp., a leading natural gas producer in Canada.
The IPM agreement with ARC Resources is expected to support the Sabine Pass Expansion project and secure increased LNG supplies into Europe.
During the fourth quarter that ended December 31, 2023, CQP reported total revenues of $2.69 billion, and its income from operations was $1.10 billion for the same period. The company's net income came in at $906 million, or $1.42 per share, respectively.
Analysts expect CQP's revenue and <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> for the second quarter (ending June 2024) to increase 10.8% and 23% year-over-year to $2.14 billion and $1, respectively. For the fiscal year 2025, the company's revenue is expected to grow 19.1% year-over-year to $11.10 billion.
CQP's stock has plunged 2.2% over the past month to close the last trading session at $48.66.
CQP's robust outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Quality, Sentiment, and Momentum. It is ranked #9 out of 24 stocks in the A-rated <a href="https://stocknews.com/category/oil-gas-mlps/">MLPs – Oil &amp; Gas</a> industry.
<a href="https://stocknews.com/stock/CQP/">Click here</a> to access additional CQP ratings for Value, Stability, and Growth.
Transportadora de Gas del Sur S.A. (<a href="https://stocknews.com/stock/TGS/">TGS</a>)
Headquartered in Buenos Aires, Argentina, TGS engages in the transportation of natural gas and production &amp; commercialization of natural gas liquids in Argentina and internationally. It operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Other Services; and Telecommunications.
During the fourth quarter of 2023, TGS' Mercedes-Cardales natural gas pipeline began its operations. With this complementary work to the President Nestor Kirchner natural gas pipeline, carried out by Energía Argentina S.A., more flexibility is provided to transfer natural gas between the transportation systems operated by TGS and in the Great Buenos Aires area.
TGS' trailing-12-month EBIT and EBITDA margins of 25.71% and 39.10% are 18.6% and 11.8% higher than the respective industry averages of 21.69% and 34.96%. Likewise, the stock's trailing-12-month ROTC of 8.62% is higher than the industry average of 8.50%.
TGS' revenue and EBITDA have grown at respective CAGRs of 75.1% and 58.5% over the past three years. The company's EBIT has increased 48.4% over the same timeframe, while its net income and EPS have improved at CAGRs of 68% and 68.7%, respectively.
For the fourth quarter that ended December 31, 2023, TGS reported revenues of ARS 102.48 billion ($121.13 million), while its operating profit was ARS 22.65 billion ($26.77 million) for the same period. Its operating profit from the Midstream and Telecommunications segment grew 160.8% year-over-year to ARS 13.23 billion ($15.64 million).
In addition, the company's free cash flow stood at ARS 8.54 billion ($10.10 million) during the fourth quarter, against negative free cash flow of ARS 13.56 billion ($16.03 million) during the fourth quarter of 2022.
Analysts expect TGS' revenue and EPS to increase 14.4% and 16.5% year-over-year to $908.61 million and $0.99 during the fiscal year 2024, respectively. Shares of TGS have gained 7.2% over the past six months and 14.9% over the past year to close the last trading session at $12.26.
TGS' POWR Ratings reflect its promising prospects. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The stock has a B grade for Quality, Value, Momentum, Sentiment, and Stability. TGS is ranked #4 of 41 stocks within the A-rated <a href="https://stocknews.com/category/foreign-oil-gas/">Foreign Oil &amp; Gas</a> industry.
To see additional POWR Ratings of TGS, <a href="https://stocknews.com/stock/TGS/">click here</a>.
NGL Energy Partners LP (<a href="https://stocknews.com/stock/NGL/">NGL</a>)
NGL 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.
On February 6, 2024, NGL declared a distribution of 50% of the arrearages earned and outstanding through December 31, 2023. Accordingly, each holder of the Class B Preferred Units received $4.44 per unit. Each holder of the Class C Preferred Units received $4.07 per unit on February 27, 2024, paid to holders of record at the close of trading on February 16, 2024.
Also, the board of directors declared a cash distribution of $115.03 million, which represents 50% of the arrearages earned on the Class D preferred units through December 31, 2023. The Class D Preferred distribution payments were also made on February 27, 2024.
On January 22, NGL Water Solutions commenced expansion of its Lea County Express Pipeline System from a capacity of 140,000 barrels of water per day to 340,000 barrels per day in 2024.
The new addition of a second large-diameter pipeline, disposal wells, and facilities dramatically expands the capabilities of NGL's existing produced water super-system. Also, it creates a significantly larger outlet for produced water disposal within the Delaware Basin.
For the nine months that ended December 31, 2023, NGL reported total revenues of $5.33 billion, of which its revenue from the Water Solutions segment grew 9.1% year-over-year to $557.85 million. Its operating income increased marginally from the year-ago value to $259.84 million. Its net income came in at $93.61 million, up 9.2% from the prior year's period.
Further, the company's adjusted EBITDA of $462.54 million indicates a marginal year-over-year growth. Its total current assets amounted to $1.34 billion as of December 31, 2023, compared to $1.29 billion as of March 31, 2023.
Street expects NGL's EPS for the fiscal year (ending March 2025) to increase 190% year-over-year to $0.29. NGL's shares have gained 54.2% over the past six months and 53.4% over the past year to close the last trading session at $5.89.
NGL's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has an A grade for Growth and a B for Value and Momentum. Within the MLPs – Oil &amp; Gas industry, NGL is ranked #8 of 24 stocks.
In addition to the POWR Ratings we've stated above, we also have NGL ratings for Quality, Stability, and Sentiment. Get all NGL ratings <a href="https://stocknews.com/stock/NGL/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
CQP shares were unchanged in premarket trading Friday. Year-to-date, CQP has declined -0.26%, versus a 8.31% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/cqp-tgs-ngl-lng-light-up-your-portfolio-with-these-3-gas-stocks/>Light up Your Portfolio With These 3 Gas Stocks</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Light up Your Portfolio With These 3 Gas Stocks

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Within the stock market&rsquo;s enormous panorama of giants, small-cap stocks sometimes remain hidden and go unnoticed by many investors. But hidden away in this darkness is a treasure mine of unrealized potential, especially in the dynamic energy industry. Today, let&rsquo;s set out on a quest to find the market&rsquo;s hidden treasures. Thus, focus on three small-cap firms poised to disrupt the status quo and spearhead advancement.



The first demonstrates the potency of successful exploration and development tactics with its unwavering pursuit of increasing reserves and smart reservoir management. The latter&rsquo;s proactive strategy for debt reduction and asset monetization highlights its dedication to maximizing value and strengthening its position in the market. On the other hand, the third company&rsquo;s impressive expansion in production volume and clever portfolio management are prime examples of operational excellence and strategic insight.



Explore the nuances of these small-cap stocks. Lift the veil of mystery to uncover the core qualities of resiliency, creativity, and promise that form their foundation.



<h2>Gran Tierra Energy (GTE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/naturalgas1600c-300x169.jpg" alt="a gas pipe with the sun going down in the background, natural"><div>Source: Shutterstock</div></div>Gran Tierra Energy (NYSEMKT:<a href="https://investorplace.com/stock-quotes/gte-stock-quote/">GTE</a>) demonstrated the strength of its asset portfolio and reservoir management skills in 2023. The company is reaching milestones in reserve expansion and replacement. With 1P (proven), 2P (proved plus probable), and 3P (proved plus probable plus potential) reserves hitting&nbsp;<a href="https://www.grantierra.com/news/gran-tierra-energy-inc-announces-2023-fourth-quarter-year-end-results-including-successfully-meeting-2023-guidance-for-annual-production-funds-flow-from-operations%c2%b9-and-free-cash-flow/" target="_blank">90 million barrels of oil equivalent</a> (MMBOE), 147 MMBOE, and 207 MMBOE, respectively, the company announced its greatest year-end total company reserves in history.



Additionally, Gran Tierra&rsquo;s 1P total company reserves increased for the<a href="https://seekingalpha.com/article/4671702-gran-tierra-energy-inc-gte-q4-2023-earnings-call-transcript" target="_blank">&nbsp;sixth year in a row</a>&nbsp;in 2023, demonstrating its continued achievement in growing its reserve base. The company can continuously increase reserves, which indicates its successful exploration and development tactics. The company also emphasizes maximizing recovery rates and optimizing reservoir performance.



Gran Tierra also showed solid reserve replacement percentages 2023 for every reserve category. The company has a 1P reserve&nbsp;<a target="_blank" href="https://seekingalpha.com/article/4671702-gran-tierra-energy-inc-gte-q4-2023-earnings-call-transcript">replacement ratio of 154%</a>, it replaced 154% of its generated reserves throughout the year. Comparably, the replacement ratios for the reserves of 2P and 3P were even higher, coming in at 242% and 303%. All things considered, these strong replacement ratios demonstrate Gran Tierra&rsquo;s capacity to both maintain and greatly increase its resource base.



<h2>NGL Energy (NGL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/oil-price-predictions1600-300x169.png" alt="Rise in gasoline prices concept with double exposure of digital screen with financial chart graphs and oil pumps on a field. Oil prices and oil price predictions"><div>Source: Golden Dayz / Shutterstock.com</div></div>NGL Energy (NYSE:<a href="https://investorplace.com/stock-quotes/ngl-stock-quote/">NGL</a>) increased its projection for all asset sales in fiscal 2025 from $100 million to $150 million or more. This highlights the company&rsquo;s proactive strategy for maximizing the value of non-core assets and fortifying its financials. It also demonstrates the company&rsquo;s effective implementation of asset monetization techniques to generate funds for strategic initiatives and debt reduction.



Additionally, the company kept operating expenditures at&nbsp;<a href="https://irp.cdn-website.com/3038c594/files/uploaded/20240208_EarningsCall.pdf" target="_blank">$0.25 per barrel&nbsp;</a>in Q3 fiscal 2024, demonstrating its ability to control costs and maintain industry-leading operational efficiency. Although the adjusted EBITDA for the Water Solutions division decreased somewhat, higher margins and the need for butane blending drove Liquids Logistics&rsquo; adjusted EBITDA increase. Notwithstanding obstacles like decreased propane margins due to warmer weather, segment success has mainly been attributed to effective margin management and responsiveness to market dynamics.



Lastly,&nbsp;<a href="https://seekingalpha.com/article/4668881-ngl-energy-partners-lp-ngl-q3-2024-earnings-call-transcript" target="_blank">$18 million to $20 million</a>&nbsp;in working capital was released. This happened when the Grand Mesa Pipeline&rsquo;s open season ended, and a new shipper with a five-year minimum volume commitment contract was found. Therefore, this working capital release demonstrates how the business may make the most of its infrastructure assets to maximize liquidity and improve its operational edge.



<h2>Ring Energy (REI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/04/oil-stocks1600-300x169.png" alt="Oil. 3D Illustration. Oil stocks are up."><div>Source: Pavel Ignatov / Shutterstock.com</div></div>Ring Energy&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/rei-stock-quote/">REI</a>) capacity to steadily raise production volumes propels its lead in the market. Specifically, there was production volume growth in Q4 2023 compared to Q3. Thus, overall <a href="https://d1io3yog0oux5.cloudfront.net/_bcc24b3b94033be6458ad1a03fb749b2/ringenergy/news/2024-03-07_Ring_Energy_Announces_Record_Fourth_Quarter_and_210.pdf">sales volumes rose 11%</a>, resulting in a record-breaking 19,397 barrels of oil equivalent per day (Boe/d).



Based on the total production rise, oil sales volume&nbsp;<a target="_blank" href="https://d1io3yog0oux5.cloudfront.net/_bcc24b3b94033be6458ad1a03fb749b2/ringenergy/news/2024-03-07_Ring_Energy_Announces_Record_Fourth_Quarter_and_210.pdf">increased by 13%</a>&nbsp;in Q4 2023 to 13,637 barrels per day (Bo/d) from Q3. Additionally, Ring Energy&rsquo;s capability to constantly boost production volumes reflects the progressive execution of drilling and completion programs. The company&rsquo;s focus on optimizing production from existing wells and efficiently bringing new wells online contributes to its solid production volume growth.&nbsp;



Finally, throughout the previous 18 months, it has effectively integrated&nbsp;<a href="https://finance.yahoo.com/news/ring-energy-inc-amex-rei-122636201.html" target="_blank">two acquisitions</a>, Stronghold Energy II and Founders oil and gas assets, greatly increasing its size, scope, and drilling inventory. Hence, the divestiture of several non-core properties, which left all operational acreage in Texas, reduced operating costs and improved portfolio alignment.



On the date of publication, Yiannis Zourmpanos did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/3-small-cap-stocks-poised-for-massive-gains-in-the-next-decade/">3 Small-Cap Stocks Poised for Massive Gains in the Next Decade</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Small-Cap Stocks Poised for Massive Gains in the Next Decade

NGL Energy Partners LP 9.625 PFD UNIT C declares $2.67 dividend

NGL Energy Partners LP PFD UNIT CL B declares $3.02 dividend

NGL Energy Partners: Preferreds Going To Current Yield, Upside Now In The Common

Press Releases

NGL Energy Partners LP Announces $2.1 Billion Offering of Senior Secured Notes

NGL Energy Partners LP Announces Pricing of $2.2 Billion Offering of Senior Secured Notes

NGL Energy Partners Announces Earnings Call

NGL Closes $2.9 Billion Debt Refinancing Transactions and Amends and Extends Asset-Based Revolving Credit Facility

NGL Energy Partners LP Announces Cash Distribution of 50% of Outstanding Arrearages for Class B, Class C and Class D Preferred Units

NGL Energy Partners LP Announces Third Quarter Fiscal 2024 Financial Results

NGL Energy Partners LP Announces Status of Investor Tax Packages

NGL Energy Partners LP Announces Cash Distribution of 55.4% of Outstanding Arrearages for Class B, Class C and Class D Preferred Units

NGL Energy Partners LP Announces Sale of the New Mexico Ranches

NGL Energy Partners LP Announces the Payment of All Outstanding Distribution Arrearages for Class B, Class C and Class D Preferred Units as of Payment Date April 25, 2024

Ardmore Shipping Corporation Common Stock

Ardmore Shipping

Brooge Energy

CrossAmerica Partners LP Common Units representing limited partner interests

CrossAmerica Partners

Cool Co

DHT Holdings

Delek Logistics Partners, L.P. Common Units representing Limited Partner Interests