NGL Energy Partners LP NGL (“NGL”, “our”, “we” or the “Partnership”) today reported its financial results for the second quarter of fiscal 2023. Highlights include:
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Net income for the second quarter of fiscal 2023 of $3.6 million compared to a net loss of $1.2 million for the second quarter of fiscal 2022; Net income for the first six months of fiscal 2023 of $26.7 million compared to a net loss of $135.7 million for the comparable period of fiscal 2022
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Adjusted EBITDA(1) for the second quarter of fiscal 2023 of $142.2 million compared to $146.3 million for the second quarter of fiscal 2022; Adjusted EBITDA for the first six months of fiscal 2023 of $266.1 million compared to $237.4 million for the same period in 2022
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Operating income for the Water Solutions segment of $47.1 million for the second quarter of fiscal 2023 compared to $32.8 million for the second quarter of fiscal 2022
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Water Solutions quarterly Adjusted EBITDA(1) of $104.8 million for the second quarter of fiscal 2023, an increase of 19.8% compared to the second quarter of fiscal 2022
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The second quarter of fiscal 2023 processed a record volume of produced water of approximately 2.27 million barrels per day, representing a 28.7% growth over the same period last year and a 5.2% growth over the immediately preceding fiscal quarter is equivalent to
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Reduction in principal of $55.2 million on unsecured debt securities and investment financing debt securities during the quarter
“Our Water Solutions segment continues to experience strong growth in disposal volume, achieving record levels…
