NGL Energy Partners (NGL) Q1 FY27 earnings call

The company reported a strong start to FY27, driven by record water volumes and adjusted EBITDA in its Water Solutions segment, leading to an upward revision of full-year adjusted EBITDA guidance. Management is focused on deleveraging and strategically deploying capital into high-return water growth projects, while also preparing for future M&A and potential common unit distribution reinstatement.