NGL Energy Partners Raises FY2027 EBITDA and Growth Spending Guidance
NGL raised FY2027 adjusted EBITDA guidance to $735 million–$745 million, up $10 million, and growth capital spending guidance to approximately $250 million–$270 million from about $200 million. Second-quarter adjusted EBITDA rose 15%, with record water disposal volumes of 3.45 million barrels per day.
NGL Energy Partners has raised its fiscal 2027 adjusted EBITDA guidance to a range of $735 million to $745 million, an increase of $10 million from its previous outlook. The partnership also increased its growth capital spending guidance to approximately $250 million to $270 million, up from about $200 million, to support additional demand for water takeaway and disposal capacity. This decision follows a 15% increase in second-quarter adjusted EBITDA, supported by record water disposal volumes of 3.45 million barrels per day.
Management noted that while the new infrastructure projects are expected to contribute only about one quarter's worth of EBITDA in fiscal 2027, they are positioned to drive earnings growth in fiscal 2028.