NGL Energy (NGL) Gained Almost 20% This Week. Here is Why.
From Yahoo Finance: 2025-06-13 03:32:00
NGL Energy (NGL) saw a 19.56% surge in share price between June 5 and June 12, 2025, making it one of the top energy stocks for the week.
NGL Energy Partners LP (NYSE:NGL) is a midstream MLP offering various services like transportation, storage, blending, and marketing of crude oil, NGLs, refined products/renewables, and water solutions.
In FY 2025, NGL Energy reported a $65 million income from continuing operations, up from a loss in FY 2024. The company’s adjusted EBITDA of $622.9 million exceeded guidance, driven by the strong performance of the Water Solutions segment.
NGL Energy recently sold 18 natural gas liquids terminals and non-core assets for $270 million, improving its balance sheet and reducing debt.
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