NGL Energy Partners Q2 Loss Widens - Quick Facts

(RTTNews) - NGL Energy Partners LP (NGL) reported that its second-quarter net loss allocated to limited partners widened to $30.28 million from $3.39 million in the prior year quarter. Net loss per limited partner common unit for the quarter was $0.34, compared to net loss per limited partner common unit of $0.05 last year.

Net loss was $15.9 million, compared to net loss of $0.9 million in the previous year.

Total Revenues surged to $5.38 billion from $1.59 billion in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.03 per share and revenues of $4.52 billion for the quarter. Analysts' estimates typically exclude special items.

In addition, NGL reaffirmed its Adjusted EBITDA guidance of $425 million for fiscal year 2015 and approximately 18% distribution growth for calendar year 2014 with a 10% distribution growth thereafter.