Earnings Call Summary | NGL Energy(NGL.US) Q3 2024 Earnings Conference
Earnings Call Summary | NGL Energy(NGL.US) Q3 2024 Earnings Conference
The following is a summary of the NGL Energy Partners LP (NGL) Q3 2024 Earnings Call Transcript:
以下是NGL Energy Partners LP(NGL)2024年第三季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
NGL Energy closed a refinancing of $2.9 billion, extending the average maturity of debt.
S&P and Moody's raised the corporate credit rating following the refinancing.
Adjusted EBITDA for Water Solutions slightly decreased to $121.3 million; Crude Oil Logistics saw a drop to $17 million due to lower margins, while Liquids logistics increased to $22.4 million.
Due to robust free cash flows and profitable asset sales, leverage was reduced faster than projected.
The company cleared 50% of the arrearages on the three classes of preferred securities.
NGL reiterated previous guidance of over $500 million for water and $645 million for the partnership.
NGL Energy完成了29亿美元的再融资,延长了债务的平均到期日。
标准普尔和穆迪在再融资后提高了企业信用评级。
水务解决方案调整后的息税折旧摊销前利润略有下降至1.213亿美元;由于利润率降低,原油物流降至1700万美元,而液体物流增至2,240万美元。
由于强劲的自由现金流和有利可图的资产销售,杠杆率的降低速度快于预期。
该公司清偿了三类优先证券拖欠款的50%。
NGL重申了先前提出的水资源超过5亿美元和伙伴关系6.45亿美元的指导方针。
Business Progress:
业务进展:
Open season on the Grand Mesa Pipeline was closed and a new 5-year MVC agreement was signed, which will free up working capital.
The company announced the expansion of the LEX produced water pipeline system, increasing the capacity from 140k barrels per day to 340k barrels per day.
New agreements have been signed to capture disposal opportunities and improve water logistics.
Significant strides were made in area of debt management, leading to the reinstatement of Class B, C, and D distributions.
NGL aims to continue expanding its business footprint and increase adjusted EBITDA.
Several new growth projects and contracts will be disclosed alongside fiscal 2025 guidance.
Operational efficiencies, cost reductions, and asset sales have achieved increased EBITDA with the company set to continue capitalizing on these improvements.
大梅萨管道的开放季已经结束,签署了一项新的为期5年的MVC协议,这将腾出营运资金。
该公司宣布扩建LEX生产的水管道系统,将产能从每天14万桶增加到每天34万桶。
已经签署了新的协议,以捕捉处置机会和改善水务物流。
债务管理领域取得了重大进展,恢复了B、C和D类分配。
NGL的目标是继续扩大其业务足迹并增加调整后的息税折旧摊销前利润。
除2025财年指导方针外,还将披露几个新的增长项目和合同。
运营效率、成本降低和资产销售实现了息税折旧摊销前利润的增加,公司将继续利用这些改进。
More details: NGL Energy IR
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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。