NGL Energy Partners LP (NGL) Q1 2027 Earnings Call

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WEBVTT 00:00:02.372 -- 00:00:04.072 Greetings. 00:00:04.072 -- 00:00:07.253 Welcome to the NGL Energy Partners 1Q27 00:00:07.253 -- 00:00:11.495 earnings call. At this time, all participants are in a listen-only mode. 00:00:11.495 -- 00:00:14.756 A question and answer session will follow the formal presentation. 00:00:14.756 -- 00:00:17.877 If anyone should require operator assistance during the conference, please press star 00:00:17.877 -- 00:00:22.519 zero on your telephone keypad. Please note this conference is being recorded. 00:00:22.519 -- 00:00:26.060 I will now turn the conference over to your host, Brad Cooper, CFO. 00:00:26.060 -- 00:00:28.340 You may begin. 00:00:28.567 -- 00:00:32.290 Good afternoon and thank you to everyone for joining us on the call today. 00:00:32.290 -- 00:00:36.313 Our comments today will include plans, forecasts, and estimates that are forward-looking 00:00:36.313 -- 00:00:41.037 statements under the U.S. Securities Law. These comments are subject to assumptions, 00:00:41.037 -- 00:00:45.841 risks, and uncertainties that could cause actual results to differ from the forward-looking 00:00:45.841 -- 00:00:50.805 statements. Please take note of the cautionary language and risk factors provided in 00:00:50.805 -- 00:00:55.117 our presentation materials and our other public disclosure materials. 00:00:55.117 -- 00:00:59.919 We are pleased to report a strong start to fiscal 2027 and continued execution on our 00:00:59.919 -- 00:01:04.582 multi-year strategy of deleveraging the balance sheet through high return water growth 00:01:04.582 -- 00:01:09.504 projects. This positions the partnership to continue to address the Class D preferreds 00:01:09.504 -- 00:01:14.827 later this fiscal year. During the first quarter, we hit record produced w...