NGL Energy Partners (NGL) Stock Rose Following Earnings Beat

NEW YORK (TheStreet) -- NGL Energy Partners (NGL) shares closed trading up by 1.96% to $30.65 on Monday, after the propane manufacturer reported its full year earnings results earlier today.

For the year the company reported a net loss of 29 cents per share, beating analysts' net loss expectations of 42 cents per share by 13 cents.

Revenue for the year increased 73% to $16.8 billion, but missed analysts' expectations of $18.22 billion in revenue.

"We are very pleased with our fiscal year 2015 results. Given the challenging energy environment, NGL significantly exceeded expectations and guidance. This is a testament to our strategy of having an integrated and diversified portfolio of midstream businesses which serve as a natural hedge against commodity risk," said CEO Mike Krimbill.

TheStreet Ratings team rates NGL ENERGY PARTNERS LP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate NGL ENERGY PARTNERS LP (NGL) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

NGL Chart NGL data by YCharts

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