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NGL Energy Partners' fiscal Q1'21 adjusted EBITDA falls below Street estimates from SNL Energy Finance Daily NGL Energy Partners' fiscal Q1'21 adjusted EBITDA falls below Street estimatesByline: S&P Global Market Intelligence NGL Energy Partners LP on Aug. 10 posted fiscal first-quarter 2021 adjusted EBITDA of $91.0 million, down from $103.7 million a year earlier. The S&P Capital IQ consensus adjusted EBITDA estimate for the quarter was $126.4 million. The company's distributable cash flow in the first quarter was $26.7 million, a drop from $36.3 million in the prior-year period. NGL Energy Partners reported net loss of $35.3 million, down from a net income of $8.0 million a year earlier. NGL Energy Partners is a Delaware limited partnership that owns and operates a vertically integrated energy business. |
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