NGL Energy Partners LP Announces Fourth Quarter Fiscal 2016 Results

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UBS Reiterates Buy on NGL Energy Partners (NGL) Following 4Q Report

May 31, 2016 7:59 AM EDT

UBS reiterated a Buy rating and $18.00 price target on NGL Energy Partners (NYSE: NGL) following the company's 4Q earnings report. NGL reported adjusted EBITDA of $154mm, slightly below Consensus estimates of $155mm and was in line with revised guidance provided in April. Management reiterated FY17 EBITDA guidance of $500mm, which assumes a... More