James M. Collingsworth, a director at NGL Energy Partners LP (NASDAQ: NGL), purchased 11,008 common units of the company for a total of $185,225 between August 25 and 26, 2026.
On August 25, Collingsworth acquired 10,808 units at a weighted average price of $16.824, with individual transactions ranging from $16.38 to $17.00. The following day, he purchased an additional 200 units at $16.96 each. The overall price range for the acquisitions spanned from $16.824 to $16.96 per unit.
Following the purchases, Collingsworth holds a direct stake of 764,508 common units in NGL Energy Partners, including 2,000 units held jointly with his spouse, Cindy Collingsworth. He also maintains indirect holdings of 9,500 units held jointly with his spouse and sister-in-law, as well as 870 units held through his spouse.
NGL Energy Partners reported adjusted earnings of $0.48 per share in its fiscal first quarter, exceeding Wall Street expectations of $0.15 per share, while revenue reached $989.99 million, surpassing the anticipated $357.81 million. The company raised its full-year outlook and updated guidance for fiscal 2027, citing stronger water disposal volumes and higher adjusted EBITDA as key drivers.
At the time of reporting, NGL shares were trading at $17.20, down 1.77% on the day, with a market capitalization of $2.19 billion. Over the past year, the stock has surged 239%, though InvestingPro analysis indicates the shares are currently trading above fair value.
