NGL Energy Partners LP (NGL)
NGL Energy Partners LP engages in the crude oil, condensate, natural gas liquids, crude oil and produced water businesses in the United States. It operates through three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from crude oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck washouts; and sells produced water for reuse and recycle, and brackish non-potable water. The Crude Oil Logistics segment purchases crude oil from producers and marketers and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, and transportation services through pipelines and storage tanks. The Liquids Logistics segment offers natural gas liquids to commercial, retail, and industrial customers across the United States and Canada through its five terminals, third-party storage and terminal facilities, nine common carrier pipelines and a fleet of leased railcars. This segment also provides services for marine exports of butane through its facility located in Chesapeake, Virginia; and owns a propane pipeline in Michigan. NGL Energy Holdings LLC serves as the general partner of the company. NGL Energy Partners LP was founded in 1940 and is headquartered in Tulsa, Oklahoma.
- Symbol
- NGL
- Exchange
- NYSE
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Market cap
- $2.02B
- 52 week range
- 5.8 - 19.06
Valuation
- Share price
- $15.94 (close of 2026-09-23)
- P/E (TTM)
- 13.05x
- Price to free cash flow
- 19.79x
- Enterprise value
- $5.40B
Price performance
| Period | Change |
|---|
| 1 day | -2.09% |
| 5 days | -7.38% |
| 1 month | -5.18% |
| 3 months | -3.16% |
| 6 months | +27.01% |
| Year to date | +59.40% |
| 1 year | +145.23% |
| 3 years | +320.58% |
| 5 years | +611.61% |
| 10 years | -15.48% |
| All time | -23.70% |
Profitability and growth
- Return on equity
- 0.00%
- Return on invested capital
- 2.83%
- Return on assets
- -3.41%
- Return on capital employed
- 2.76%
- Gross margin
- 30.86%
- Net margin
- -4.51%
- EBITDA margin
- 11.52%
- Revenue growth
- -9.02%
- Net income growth
- -461.45%
- Free cash flow growth
- 180.12%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 5.05%
- Current ratio
- 1.14x
- Net debt to EBITDA
- 8.77x
Latest reported year
- Period end
- 2026-03-31
- Fiscal year
- 2026
- Revenue
- $3.16B
- Cost of revenue
- $2.18B
- Gross profit
- $974.00M
- EBITDA
- $363.46M
- Net income
- $-142.29M
- Earnings per share
- $-1.12
- Interest expense
- $257.49M
- Shares outstanding
- 127.02M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2026-03-31 | $3.16B | $974.00M | $-142.29M | $-1.12 |
| 2025-03-31 | $3.47B | $962.11M | $39.37M | $0.30 |
| 2024-03-31 | $4.15B | $967.87M | $-143.75M | $-1.09 |
| 2023-03-31 | $5.68B | $989.61M | $51.39M | $0.39 |
| 2022-03-31 | $7.95B | $808.60M | $-184.76M | $0.00 |
| 2021-03-31 | $5.23B | $733.20M | $-639.82M | $0.00 |
| 2020-03-31 | $7.58B | $979.62M | $-397.01M | $0.00 |
| 2019-03-31 | $8.69B | $706.10M | $360.05M | $0.00 |
| 2018-03-31 | $6.95B | $690.39M | $-70.88M | $0.00 |
| 2017-03-31 | $12.71B | $478.80M | $137.04M | $0.00 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2026-03-31 | 30.86% | -4.51% | 0.00% | 2.83% |
| 2025-03-31 | 27.73% | 1.13% | 0.00% | 10.70% |
| 2024-03-31 | 23.30% | -3.46% | 0.00% | 5.51% |
| 2023-03-31 | 17.43% | 0.90% | 0.00% | 8.28% |
| 2022-03-31 | 10.17% | -2.32% | 0.00% | 2.37% |
| 2021-03-31 | 14.03% | -12.24% | 0.00% | -10.99% |
| 2020-03-31 | 12.92% | -5.23% | 0.00% | -0.10% |
| 2019-03-31 | 8.13% | 4.14% | 0.00% | 5.83% |
| 2018-03-31 | 9.93% | -1.02% | 0.00% | 6.93% |
| 2017-03-31 | 3.77% | 1.08% | 0.00% | 6.76% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2026-03-31 | $8.51M | $3.22B |
| 2025-03-31 | $5.65M | $2.96B |
| 2024-03-31 | $38.91M | $2.84B |
| 2023-03-31 | $5.43M | $2.86B |
| 2022-03-31 | $3.82M | $3.35B |
| 2021-03-31 | $4.83M | $3.38B |
| 2020-03-31 | $22.70M | $3.17B |
| 2019-03-31 | $18.57M | $2.17B |
| 2018-03-31 | $22.09M | $2.71B |
| 2017-03-31 | $7.83M | $3.03B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2026-03-31 | $144.68M | $11.21M |
| 2025-03-31 | $51.65M | - |
| 2024-03-31 | $223.87M | $1.10M |
| 2023-03-31 | $297.42M | $2.72M |
| 2022-03-31 | $63.49M | $-1.05M |
| 2021-03-31 | $117.19M | $6.73M |
| 2020-03-31 | $-91.66M | $26.51M |
| 2019-03-31 | $-118.34M | $41.37M |
| 2018-03-31 | $4.21M | $35.24M |
| 2017-03-31 | $-369.97M | $53.10M |
Dividend history
- Most recent payment
- 2020-11-05
| Payment date | Dividend per share |
|---|
| 2020-11-05 | $0.10 |
| 2020-08-05 | $0.20 |
| 2020-05-06 | $0.20 |
| 2020-02-06 | $0.39 |
| 2019-11-06 | $0.39 |
| 2019-08-06 | $0.39 |
| 2019-05-06 | $0.39 |
| 2019-02-05 | $0.39 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-03
- Consensus EPS estimate
- $0.22
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-04 | Jun/2026 | $0.11 |
| 2026-05-28 | - | - |
| 2026-02-03 | - | - |
| 2025-11-04 | - | - |
| 2025-08-07 | - | - |
| 2025-05-29 | - | - |
| 2025-02-10 | - | - |
| 2024-11-12 | - | - |
Filings and sources
- Company website
- nglenergypartners.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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