NGL Energy Partners (NYSE: NGL) reported Q4 EPS of $0.71, $0.23 better than the analyst estimate of $0.48. Revenue for the quarter came in at $5.11 billion versus the consensus estimate of $4.8 billion.

Additionally, the Partnership is initiating its Fiscal 2019 Adjusted EBITDA guidance with a target of $450 million, which assumes:

• $200-$225 million of Adjusted EBITDA from the Water Solutions segment which the Partnership believes could increase by up to 20% annually for the next three years at current crude oil prices, rig counts, expected volumes and market share in its core basins
• $145-$155 million of Adjusted EBITDA from the Crude Oil Logistics segment due to increased volumes and margins under minimum volume commitments on Grand Mesa, as well as generally increasing margins across all basins in which we operate
• No significant changes to the Liquids and Refined Products segments from FY 2018 actual results

For earnings history and earnings-related data on NGL Energy Partners (NGL) click here.