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	8/8/2024 6:30:57 PM
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NGL Energy Partners LP Announces First Quarter Fiscal 2025 Financial Results finance.yahoo.com These numbers look OK to modestly positive. Positive because nothing nasty appears to have happened, and in these big complex energy companies it seems like something often goes wrong. I listened to the conference call, and the main important thing they said was water volumes in the month of July were 2.7m processed (versus 2.43m in June Q) and 0.3m paid but not processed (due to minimum volume commitments) (versus 0.16m in June Q). So.....in the month of July, water volumes are up 15% compared to the June Q average. If that continues for all of the Sep Q, it means water EBITDA is going to be about $170m+, which means they're going to easily exceed their fiscal '25 EBITDA forecast. Water is the best segment in terms of profits. If that segment grows, nothing else matters too much. Whether NGL units respond to this positive conference call news about July water volumes or not, I got no idea, but it definitely gives us something to look forward to when they report the Sep quarter.

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