NGL Energy Partners LP has released its first quarter Fiscal 2026 financial results, reporting a significant increase in income from continuing operations, which reached $30.3 million compared to $17.6 million in the same quarter of Fiscal 2025. The company also achieved an improvement in Adjusted EBITDA from continuing operations, which rose to $144.0 million from $138.6 million year-over-year. The volume of produced water processed grew by 12.4%, reaching approximately 2.77 million barrels per day during the first quarter of Fiscal 2026. This growth indicates a strengthening in the company's operational capabilities and market demand. Total liquidity, combining cash and available capacity on the company's asset-based revolving credit facility, was approximately $391.6 million as of June 30, 2025. Borrowings on this facility were around $37.0 million, primarily for building butane inventory for the blending season. NGL Energy Partners LP's management has expressed optimism about potentially exceeding their Adjusted EBITDA guidance and plans to reassess their full-year guidance at the end of the second quarter if current performance trends continue.
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