I would respond to that opinion by saying: 500 million not 300 and their ship is in order and they are very diverse. Look at their moves closer. They retain the wholesale propane to the buyer of the retail segment. Their former director Shawn Coady is running it. It's not the time to bet against NGL. They will have even better numbers next quarter. The market will take notice. They have rising coverage on a great yield.
Finally I like this kind of "trouble" down the road * NGL ENERGY PARTNERS LP - ?FISCAL 2018 ADJUSTED EBITDA TARGET IS UPDATED TO A RANGE OF $440 MILLION TO $450 MILLION?
* NGL ENERGY PARTNERS LP QTRLY TOTAL REVENUES $4.46 BILLION VERSUS $3.41 BILLION
I saw the same thing. I know Pete responded to add some color on why the analysis was not providing the full picture but it will be interesting to see how those reading the report that says "NGL actually missed numbers and would have been in red if not for asset sales". On one hand, I suspect that the stock fell just as far if they had reported earnings in the red. Which means the perceived bad news is now baked into the numbers.
Do we expect or know of any analysts that would see the news the same as Jugs and Pete?
News 
Market Data 
Discover 
