NGL Energy Partners (NYSE:NGL) released its quarterly earnings data on Thursday. The oil and gas company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.64), Fidelity Earnings reports. The business had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $4.83 billion. NGL Energy Partners had a negative return on equity of 0.54% and a negative net margin of 1.01%.
NGL Energy Partners stock traded down $0.20 during midday trading on Friday, reaching $10.31. 1,057,700 shares of the stock traded hands, compared to its average volume of 1,088,172. NGL Energy Partners has a 12 month low of $9.33 and a 12 month high of $17.65. The firm has a market cap of $1.35 billion, a PE ratio of -15.16 and a beta of 1.32. The company has a current ratio of 2.14, a quick ratio of 1.59 and a debt-to-equity ratio of 1.63.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Thursday, November 8th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 15.13%. The ex-dividend date is Wednesday, November 7th. NGL Energy Partners’s payout ratio is presently -229.41%.
In other news, CEO H Michael Krimbill purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The stock was bought at an average cost of $11.65 per share, with a total value of $233,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John T. Raymond purchased 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were purchased at an average cost of $11.04 per share, with a total value of $552,000.00. Following the completion of the purchase, the director now owns 50,000 shares of the company’s stock, valued at approximately $552,000. The disclosure for this purchase can be found here.
WARNING: This story was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.com-unik.info/2018/11/10/ngl-energy-partners-ngl-posts-earnings-results-misses-estimates-by-0-64-eps.html.
About NGL Energy Partners
NGL Energy Partners LP, together with its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane, and refined products and renewables businesses. The Crude Oil Logistics segment purchases crude oil from producers and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, trucking, marine, and pipeline transportation services.
Receive News & Ratings for NGL Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NGL Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.