NGL Energy Partners LP $NGL reported stronger-than-expected results for the first quarter of fiscal 2027, with revenue rising to $990 million, well above the $697.5 million estimate. The company also posted a solid increase in operating profit, which climbed to $145.3 million as business activity improved.
Gross profit reached $305.6 million, while cash from operating activities jumped to $77 million, reflecting better operating performance and stronger cash generation. Diluted earnings per share came in at $0.48, far ahead of expectations.
On the bottom line, net income attributable to common shareholders totaled $59.9 million, though that was lower than a year earlier. The company also continued to invest in its asset base, with purchases of property, plant and equipment totaling $108.8 million, while total liabilities stood at $4.1 billion.
- Revenue: $990 million
- Operating profit: $145.3 million
- Cash from operations: $77 million
- Diluted EPS: $0.48
- Net income attributable to common shareholders: $59.9 million
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
NGL Energy Partners LP Hedge Fund Activity
We have seen 35 institutional investors add shares of NGL Energy Partners LP stock to their portfolio, and 27 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TPG GP A, LLC added 5,934,493 shares (+inf%) to their portfolio in Q1 2026, for an estimated $73,172,298
- MORGAN STANLEY removed 2,294,937 shares (-19.0%) from their portfolio in Q1 2026, for an estimated $28,296,573
- BANK OF AMERICA CORP /DE/ removed 2,065,788 shares (-20.0%) from their portfolio in Q1 2026, for an estimated $25,471,166
- CITIGROUP INC added 1,267,528 shares (+41.7%) to their portfolio in Q2 2026, for an estimated $20,191,721
- NOMURA HOLDINGS INC added 1,060,338 shares (+92.7%) to their portfolio in Q1 2026, for an estimated $13,073,967
- GOLDMAN SACHS GROUP INC added 598,785 shares (+8.0%) to their portfolio in Q1 2026, for an estimated $7,383,019
- BNP PARIBAS FINANCIAL MARKETS added 314,527 shares (+105.2%) to their portfolio in Q1 2026, for an estimated $3,878,117
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
