NGL Energy Partners (NGL) Q4 FY26 earnings call

NGL Energy Partners concluded fiscal 2026 with strong performance, particularly in its Water Solutions segment, as it continues its strategic transformation into a pure-play water company. The quarter was marked by significant progress in simplifying the capital structure through refinancing and preferred unit redemptions, alongside disciplined capital allocation. The company is leveraging its integrated Delaware Basin system and long-term contracts to drive future growth, with a focus on expanding water infrastructure and monetizing noncore assets.