NGL Energy Partners reports Q1 EPS (11c) vs. (4c) last year

Reports Q1 revenue $1.62B vs. $2.50B last year. “Our Water Solutions segment achieved strong Adjusted EBITDA(1) growth of 17.3% in the 1st quarter versus the same period in the prior year, with disposal volumes increasing 14.1%. During the quarter we purchased $99.3 million of the 2025 unsecured notes, leaving a very manageable outstanding balance of $280.7 million. We will continue to utilize operational free cash flow, reduced working capital, and proceeds from asset sales to further improve the balance sheet. We are reaffirming our full year consolidated Adjusted EBITDA(2) guidance of $645 million plus,” stated Mike Krimbill NGL‘s CEO.