NGL Energy Partners LP reported consolidated Adjusted EBITDA of $147.27 million for the second quarter of Fiscal 2025, a decrease from $176.21 million in the prior year period. The Water Solutions segment's operating income increased by $13.7 million to $72.829 million, processing approximately 2.68 million barrels of produced water per day, a 9.8% increase.
The Crude Oil Logistics segment's operating income saw a slight increase to $14.84 million, but physical volumes on the Grand Mesa Pipeline averaged approximately 63,000 barrels per day, down from 70,000 barrels per day in the comparative quarter. The Liquids Logistics segment's operating income declined to a loss of $1.133 million, reflecting challenges in that business area.
The partnership lowered its full-year consolidated Adjusted EBITDA guidance to a range of $640 million to $650 million. This revision was attributed to projected warmer weather, lower crude oil prices, and other Liquids Logistics results. Total liquidity stood at approximately $251.1 million as of September 30, 2024, with $274.0 million borrowed on the ABL facility.
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