NGL Energy Partners LP (NGL) Q4 2026 Earnings Call

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WEBVTT 00:00:00.638 -- 00:00:05.923 Greetings. Welcome to the NGL Energy Partners 4Q26 earnings call. 00:00:05.923 -- 00:00:08.986 At this time, all participants are in our listen-only mode. 00:00:08.986 -- 00:00:12.490 A question and answer session will follow the formal presentation. 00:00:12.490 -- 00:00:15.613 If anyone should require operator assistance during the conference, please press star 00:00:15.613 -- 00:00:21.059 zero on your telephone keypad. Please note, this conference is being recorded. 00:00:21.059 -- 00:00:24.762 I will now turn the conference over to your host, Brad Cooper, CFO. 00:00:24.762 -- 00:00:27.023 You may begin. 00:00:27.520 -- 00:00:31.646 Good afternoon, and thank you to everyone for joining us on the call today. 00:00:31.646 -- 00:00:35.471 Our comments today will include plans, forecasts, and estimates that are forward-looking 00:00:35.471 -- 00:00:40.538 statements under the U.S. securities law. These comments are subject to assumptions, 00:00:40.538 -- 00:00:44.944 risks, and uncertainties that could cause actual results to differ from the forward-looking 00:00:44.944 -- 00:00:46.466 statements. 00:00:46.466 -- 00:00:50.712 Please take note of the cautionary language and risk factors provided in our presentation 00:00:50.712 -- 00:00:55.111 materials and our other public disclosure materials. 00:00:55.111 -- 00:01:00.016 We are pleased to report a strong finish to fiscal 2026, highlighted by record performance 00:01:00.016 -- 00:01:05.903 in our water solution segment and meaningful progress in our capital structure priorities. 00:01:05.903 -- 00:01:11.970 For the year, adjusted EBITDA from continuing operations was approximately $660 million, 00:01:11.970 -- 00:01:15.434 which came in at the high end of our guidance range and rep...