NGL Stock Recent News
NGL LATEST HEADLINES
Phillips 66's $2 billion acquisition in the Permian Basin enhances midstream portfolio, expected to generate $280 million in EBITDA with synergies. The company doubled its midstream EBITDA over 3 years, providing reliable cash flow and mitigating downstream business volatility. Strategic priorities include maintaining low costs, disciplined growth, and expanding the renewable portfolio, with $12.5 billion in shareholder distributions since July 2022.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners Announces Earnings Call.
PSX states that the EPIC NGL acquisition is expected to generate attractive returns for the company and be immediately accretive to its earnings per share.
U.S. oil refiner Phillips 66 said on Monday it will acquire EPIC Y-Grade GP and EPIC Y-Grade in an all-cash deal for $2.2 billion.
HOUSTON--(BUSINESS WIRE)--Phillips 66 announced a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP for total cash consideration of $2.2 billion.
TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners Announces Earnings Call.
The series B preferred shares of NGL offer a compelling risk/reward ratio, especially for income-oriented investors, with a 16.28% return over eight months. The B series preferred shares are slightly better than the C series due to a higher distribution yield and better liquidity. Both series are designed to float above LIBOR, but the B series benefits from an additional fallback spread, enhancing its yield.
TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP Announces Quarterly Cash Distribution for the Class B, Class C, and Class D Preferred Units.
The company reaffirmed guidance for Fiscal 2025, with a focus on water solutions and capital usage to pay down debt. NGL Partners reported an okay first quarter with adjusted EBITDA of $144.3 million, driven by water services. Water services saw a slight increase in EBITDA, helped by higher skim oil profits and increased produced water processed.