Zacks cuts NGL Energy Partners stock rating to Hold

Published on 10/14/2026 at 02:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

For NGL Energy Partners stock, fiscal 2027 first-quarter revenue reached USD 989.99 million. The next report is November 3, 2026.

Recent company developments

Zacks changed its NGL Energy Partners rating on October 8, 2026.
NGL reported USD 989.99 million in fiscal 2027 first-quarter revenue and USD 0.48 earnings per share.
Preferred distributions are scheduled for October 15, 2026, and the next report is listed for November 3, 2026.

NGL, US62913M1071, Illustration mit AI erstellt.

NGL Energy Partners (ISIN US62913M1071) had its rating changed from strong buy to hold by Zacks Research in a report issued on October 8, 2026, according to MarketBeat. The change places the research firm's published view below the earlier strong-buy assessment and gives NGL Energy Partners stock a clear analyst-rating catalyst for the October market cycle.

What changed in October?

MarketBeat reported that Zacks Research moved NGL from strong buy to hold, while the broader consensus was reduce. The same report identified one hold rating and one sell rating, showing a two-report analyst split rather than a broad bullish consensus.

The rating change follows a profitable fiscal 2027 first quarter. Earnings Today reported USD 989.99 million of revenue and USD 0.17 earnings per share for the quarter ended June 30, 2026, against revenue of USD 346.13 million and earnings per share of USD 0.11 in its comparison estimates. Net income was USD 78.73 million, while gross margin reached 30.90 percent.

Three milestones since May

NGL reported USD 949.51 million of revenue for the quarter ended March 31, 2026, with the result dated May 28, 2026, according to Earnings Today. On August 4, 2026, the company reported the USD 989.99 million fiscal 2027 first-quarter revenue figure and USD 0.17 earnings per share cited by the same source. On October 8, 2026, Zacks assigned NGL Energy Partners a Rank #3, or Hold, in its industry outlook, according to Zacks.

Which dates matter next?

NGL's preferred-unit distributions are scheduled for payment on October 15, 2026, including USD 0.7005 per Class B unit and USD 0.6949 per Class C unit, according to Grafa. Earnings Today lists November 3, 2026, as the next scheduled report date, with an estimated earnings-per-share figure of USD 0.22, according to Earnings Today.

Water remains the operating anchor

NGL operates through Water Solutions, Crude Oil Logistics and Liquids Logistics, with produced-water handling at the center of its water platform, according to Zacks. The company also moves crude oil through storage, terminals and the Grand Mesa Pipeline, while its liquids business supplies propane, butane and related products across the United States and Canada. For investors, the central tension is visible in the sequence of figures: first-quarter revenue reached USD 989.99 million, yet the published analyst consensus remained reduce after the October rating change.