Futures slip, bank earnings ahead, Powell to speak - what’s moving markets
Director James M. Collingsworth of NGL Energy Partners LP (NYSE:NGL) recently purchased 100,000 common units of the company. The transactions, which occurred on September 12, 2025, involved a weighted average price of $5.8016, resulting in a total value of $580,160. The price range for the purchases was between $5.74 and $5.86. The stock currently trades at $6.05, near its 52-week high of $5.99, suggesting strong market confidence. According to InvestingPro, management has been actively buying shares, with this purchase fitting the broader pattern.
Following the transaction, Collingsworth directly owns 729,500 common units. Additionally, he indirectly owns 9,500 units held jointly by his spouse and sister-in-law, and 870 units held by his spouse. 2,000 of his directly owned units are owned jointly with his spouse, Cindy Collingsworth. For deeper insights into insider trading patterns and 7 additional key insights about NGL, check out the comprehensive research available on InvestingPro.
In other recent news, NGL Energy Partners reported its first-quarter earnings for fiscal year 2026, which fell short of analyst expectations. The company announced an earnings per share (EPS) of $0.04, whereas analysts had forecasted -$0.04, resulting in a negative surprise of 200%. Revenue figures were also below expectations, with the company reporting $622.16 million compared to the anticipated $835.98 million, marking a revenue surprise of -25.58%. These recent developments highlight significant discrepancies between the company’s performance and market predictions.
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