<p>NGL Energy Partners（NGL）召开了第二季度财报电话会议。以下是会议的主要亮点。</p>
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<p>NGL Energy Partners 最近的财报电话会议展示了强劲的业绩，关键领域实现了创纪录的增长，并展现出乐观的财务前景。会议强调了战略性的财务和运营举措，特别是在水解决方案领域，这些都指向公司积极的发展轨迹。然而，增长所需的资本支出增加，表明未来需要谨慎的财务管理。</p>
<h2>创纪录的水量和 Grand Mesa 增长</h2>
<p>NGL Energy Partners 报告称水量创纪录，Grand Mesa 的水量增长了 30%，这使得合并调整后的 EBITDA 达到了 1.673 亿美元，比去年增长了 12%。这一增长主要得益于水解决方案领域，突显了其在公司业绩中的关键作用。</p>
<h2>上调全年调整后 EBITDA 指引</h2>
<p>反映出强劲的业绩和增长机会，NGL 将全年调整后的 EBITDA 指引上调至 6.5 亿至 6.6 亿美元，较之前的 6.15 亿至 6.25 亿美元的范围有所提高。这一调整突显了公司对其持续运营和未来前景的信心。</p>
<h2>降低 Term Loan B 利率</h2>
<p>在展示有效财务管理的举措中，NGL 重新定价其 Term Loan B，将 SOFR 利差从 375 个基点降低至 350 个基点。这一战略决策预计将每年节省 1500 万美元的利息支出。</p>
<h2>强劲的水解决方案表现</h2>
<p>水解决方案领域表现出色，调整后的 EBITDA 为 1.519 亿美元，比去年增长了 18%。这一增长得益于更高的处置收入和增加的脱脂油收入，进一步巩固了该领域对 NGL 整体成功的重要性。</p>
<h2>战略资本配置</h2>
<p>NGL 的战略资本配置在其购买 88,506 个 D 类优先单位中得以体现，节省了 1040 万美元的年度分配，以及回购 680 万普通单位。这些举措反映了公司优化资本结构的承诺。</p>
<h2>显著的德拉瓦尔盆地产能</h2>
<p>NGL 在德拉瓦尔盆地建立了显著的存在，拥有超过 500 万桶/天的许可注入能力。该公司还在该地区开创了首个大规模的生产水处理厂，突显了其在水管理方面的创新方法。</p>
<h2>增加的增长资本支出</h2>
<p>公司报告称合同量承诺增加，需额外增加 1 亿美元的增长资本支出，超出最初预期。这表明对未来增长的重大投资，但也需要谨慎的财务监督。</p>
<h2>前瞻性指引</h2>
<p>NGL Energy Partners 的前瞻性指引依然乐观，修订后的全年调整 EBITDA 指引为 6.5 亿至 6.6 亿美元。公司还预计 2027 财年的初步调整 EBITDA 指引至少为 7 亿美元，主要得益于对水解决方案的战略关注和资本结构的优化。</p>
<p>总之，NGL Energy Partners 的财报电话会议反映出强劲的业绩和乐观的前景，得益于水解决方案领域的创纪录增长和战略财务管理。尽管增加的资本支出带来了挑战，但公司的前瞻性指引和战略举措表明了一个充满希望的未来。</p>

<p>NGL Energy Partners 报告了强劲的第二季度业绩，水解决方案部门实现了创纪录的增长，合并调整后 EBITDA 达到 1.673 亿美元，同比增长 12%。该公司将全年调整后 EBITDA 指导上调至 6.5 亿至 6.6 亿美元，反映出对未来运营的信心。战略性财务举措包括降低了 B 级贷款的利率，年节省 1500 万美元，并进行了重大资本配置努力。尽管增长资本支出增加至 1 亿美元，NGL 对 2027 财年的乐观展望预计调整后 EBITDA 至少为 7 亿美元，这得益于水管理方面的战略举措</p>

<p>NGL Energy Partners ((NGL)) has held its Q2 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>NGL Energy Partners（NGL）召开了第二季度财报电话会议。以下是会议的主要亮点。</p>
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<div class="lb-trans"><ul>
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</div><p>NGL Energy Partners’ recent earnings call showcased a robust performance with record growth in key segments and an optimistic financial outlook. The call highlighted strategic financial and operational moves, particularly in the Water Solutions segment, which point to a positive trajectory for the company. However, the increased capital expenditures for growth signal a need for careful financial management moving forward.</p>
<div class="lb-trans"><p>NGL Energy Partners 最近的财报电话会议展示了强劲的业绩，关键领域实现了创纪录的增长，并展现出乐观的财务前景。会议强调了战略性的财务和运营举措，特别是在水解决方案领域，这些都指向公司积极的发展轨迹。然而，增长所需的资本支出增加，表明未来需要谨慎的财务管理。</p>
</div><h2>Record Water Volumes and Grand Mesa Growth</h2>
<div class="lb-trans"><h2>创纪录的水量和 Grand Mesa 增长</h2>
</div><p>NGL Energy Partners reported a record in water volumes and a 30% growth in Grand Mesa volumes, contributing to a consolidated adjusted EBITDA of $167.3 million, marking a 12% increase from the previous year. This growth was primarily driven by the Water Solutions segment, underscoring its pivotal role in the company’s performance.</p>
<div class="lb-trans"><p>NGL Energy Partners 报告称水量创纪录，Grand Mesa 的水量增长了 30%，这使得合并调整后的 EBITDA 达到了 1.673 亿美元，比去年增长了 12%。这一增长主要得益于水解决方案领域，突显了其在公司业绩中的关键作用。</p>
</div><h2>Increased Full Year Adjusted EBITDA Guidance</h2>
<div class="lb-trans"><h2>上调全年调整后 EBITDA 指引</h2>
</div><p>Reflecting strong performance and growth opportunities, NGL increased its full-year adjusted EBITDA guidance to a range of $650 million to $660 million, up from the previous range of $615 million to $625 million. This adjustment highlights the company’s confidence in its ongoing operations and future prospects.</p>
<div class="lb-trans"><p>反映出强劲的业绩和增长机会，NGL 将全年调整后的 EBITDA 指引上调至 6.5 亿至 6.6 亿美元，较之前的 6.15 亿至 6.25 亿美元的范围有所提高。这一调整突显了公司对其持续运营和未来前景的信心。</p>
</div><h2>Reduction in Term Loan B Interest Rates</h2>
<div class="lb-trans"><h2>降低 Term Loan B 利率</h2>
</div><p>In a move showcasing effective financial management, NGL repriced its Term Loan B to reduce the SOFR margin from 375 basis points to 350 basis points. This strategic decision is expected to result in annual interest savings of $15 million.</p>
<div class="lb-trans"><p>在展示有效财务管理的举措中，NGL 重新定价其 Term Loan B，将 SOFR 利差从 375 个基点降低至 350 个基点。这一战略决策预计将每年节省 1500 万美元的利息支出。</p>
</div><h2>Strong Water Solutions Performance</h2>
<div class="lb-trans"><h2>强劲的水解决方案表现</h2>
</div><p>The Water Solutions segment demonstrated remarkable performance, with an adjusted EBITDA of $151.9 million, an 18% increase from the previous year. This growth was driven by higher disposal revenues and increased skim oil revenue, reinforcing the segment’s importance to NGL’s overall success.</p>
<div class="lb-trans"><p>水解决方案领域表现出色，调整后的 EBITDA 为 1.519 亿美元，比去年增长了 18%。这一增长得益于更高的处置收入和增加的脱脂油收入，进一步巩固了该领域对 NGL 整体成功的重要性。</p>
</div><h2>Strategic Capital Allocation</h2>
<div class="lb-trans"><h2>战略资本配置</h2>
</div><p>NGL’s strategic capital allocation was evident in its purchase of 88,506 Class D preferred units, saving $10.4 million in annual distributions, and the repurchase of 6.8 million common units. These actions reflect the company’s commitment to optimizing its capital structure.</p>
<div class="lb-trans"><p>NGL 的战略资本配置在其购买 88,506 个 D 类优先单位中得以体现，节省了 1040 万美元的年度分配，以及回购 680 万普通单位。这些举措反映了公司优化资本结构的承诺。</p>
</div><h2>Significant Delaware Basin Capacity</h2>
<div class="lb-trans"><h2>显著的德拉瓦尔盆地产能</h2>
</div><p>NGL has established a significant presence in the Delaware Basin, with over 5 million barrels per day of permitted injection capacity. The company is also pioneering the first large-scale produced water treatment plant in the area, highlighting its innovative approach to water management.</p>
<div class="lb-trans"><p>NGL 在德拉瓦尔盆地建立了显著的存在，拥有超过 500 万桶/天的许可注入能力。该公司还在该地区开创了首个大规模的生产水处理厂，突显了其在水管理方面的创新方法。</p>
</div><h2>Increased Growth Capital Expenditure</h2>
<div class="lb-trans"><h2>增加的增长资本支出</h2>
</div><p>The company reported an increase in contract volume commitments, necessitating an additional $100 million in growth capital expenditures, up from initial expectations. This indicates a significant investment in future growth, albeit with a need for careful financial oversight.</p>
<div class="lb-trans"><p>公司报告称合同量承诺增加，需额外增加 1 亿美元的增长资本支出，超出最初预期。这表明对未来增长的重大投资，但也需要谨慎的财务监督。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指引</h2>
</div><p>NGL Energy Partners’ forward-looking guidance remains optimistic, with a revised full-year adjusted EBITDA guidance of $650 million to $660 million. The company also projects an initial fiscal 2027 adjusted EBITDA guidance of at least $700 million, driven by strategic focus on water solutions and capital structure optimization.</p>
<div class="lb-trans"><p>NGL Energy Partners 的前瞻性指引依然乐观，修订后的全年调整 EBITDA 指引为 6.5 亿至 6.6 亿美元。公司还预计 2027 财年的初步调整 EBITDA 指引至少为 7 亿美元，主要得益于对水解决方案的战略关注和资本结构的优化。</p>
</div><p>In conclusion, NGL Energy Partners’ earnings call reflected a strong performance and optimistic outlook, driven by record growth in the Water Solutions segment and strategic financial management. While increased capital expenditures pose challenges, the company’s forward-looking guidance and strategic initiatives suggest a promising future.</p>
<div class="lb-trans"><p>总之，NGL Energy Partners 的财报电话会议反映出强劲的业绩和乐观的前景，得益于水解决方案领域的创纪录增长和战略财务管理。尽管增加的资本支出带来了挑战，但公司的前瞻性指引和战略举措表明了一个充满希望的未来。</p>
</div>

NGL Energy Partners 报告了强劲的收益和增长