05:03 PM EDT, 06/06/2024 (MT Newswires) -- NGL Energy Partners ( NGL ) reported a fiscal Q4 loss late Thursday of $2.05 per diluted unit, wider than a loss of $0.51 a year earlier.

One analyst polled by Capital IQ expected earnings of $0.19 per unit.

Revenue for the quarter ended March 31 was $1.63 billion, down from $2.05 billion a year earlier.

One analyst surveyed by Capital IQ expected $1.97 billion.

The company said the board of its general partner on Wednesday authorized a repurchase program of up to $50 million units, with no fixed expiration date.

The company's shares were down 6.6% in recent after-hours activity.

Price: 5.50, Change: -0.39, Percent Change: -6.62