NGL Energy Partners (NYSE: NGL) reported Q3 EPS of ($0.07), which may not compare to the analyst estimate of $0.41. Revenue for the quarter came in at $3.41 billion versus the consensus estimate of $3.09 billion.

"We are excited to be in the positive position we are today with the successful completion of our Grand Mesa Pipeline and the growth in cash flows from this project going forward. In addition, in December 2016 we announced the new crude oil pipeline into the Stack shale play, the purchase of the Port Hudson and Kingfisher terminals at an attractive multiple and the favorable resolution of the contract with a DJ basin shipper,” stated Mike Krimbill, CEO of NGL. “We recently announced our final quarter of the temporary distribution reduction and our expectation for 28% growth in distributions next year and double digit growth over the following three years. We will continue to focus on improving our balance sheet and operating at a target distribution coverage range of 1.3 to 1.5 times over this period. We are as excited as ever about the opportunities in and around our various business segments and look forward to providing significant value to all of our stakeholders.”

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