NGL Energy Partners LP

NGL Energy Partners LP

NGLยทNYSE

$16.28

-4.6%
EnergyOil & Gas Midstream

NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in 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 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 and frac tank 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. The Liquids Logistics segment supplies natural gas liquids, refined petroleum products, and biodiesel to commercial, retail, and industrial customers in the United States and Canada through its 24 terminals, third-party storage and terminal facilities, and nine common carrier pipelines, as well as through fleet of leased railcars. This segment is also involved in the marine export of butane through its facility located in Chesapeake, Virginia. NGL Energy Holdings LLC serves as the general partner of the company. The company was founded in 1940 and is headquartered in Tulsa, Oklahoma.

At a Glance

Live Snapshot
Market Cap$2.03B
EPS-1.1200
P/E Ratio-14.54
Earnings Date06/04/2026
3Y-44.0%
5Y-40.0%
10Y-76.0%
3Y-377.0%
5Y-78.0%
10Y-204.0%
3Y-21.0%
5Y+15.0%
10Y-1406.0%
NGL Energy Partners LP

NGL Energy Partners LP Profit Bridge

NGL ยท NYSE
Revenue3.16B
Cost of Goods Sold (293.59M)
Gross Profit2.86B
Operating Expenses (70.11M)
Operating Income94.73M
Interest Expense (-257.49M)
Other Income/Expense-273.51M
Pretax Income-178.78M
Income Tax (276.00K)
Net Income-142.29M
Net Income
-142.29M

Profitability Analysis

Gross Margin

90.7%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

3.0%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

-4.5%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

NGL Energy Partners LP Income Statement

NGL โ€ข NYSE

NGL Energy Partners LP Income StatementMar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010Mar 2009
REVENUE
3.2B
3.5B
4.2B
5.7B
7.9B
5.2B
7.6B
8.7B
16.9B
13B
11.7B
16.8B
9.7B
4.4B
1.3B
735.5M
809.6M
735M
GROSS PROFIT
(293.6M)
(2.8B)
(3.5B)
(5B)
(7.4B)
(4.5B)
(6.9B)
(8.2B)
(16.6B)
(12.5B)
(11.1B)
(16.2B)
(9.3B)
(4.1B)
(1.2B)
(708.2M)
(752.1M)
(706.4M)
2.9B
707.4M
701.8M
716.5M
519.9M
733.2M
714.3M
494.1M
285.6M
477.1M
674.1M
649.9M
445.8M
309.8M
93.5M
27.3M
57.5M
28.6M
OPERATING INCOME
(70.1M)
(378M)
(539.8M)
(472.5M)
(436.8M)
(1.1B)
(717.6M)
(333.1M)
(319.9M)
(431.2M)
(458M)
(521.6M)
(339.3M)
(222.5M)
(78.4M)
(710.8M)
(47.7M)
(19.1M)
(70.1M)
(55.6M)
(121.6M)
(71.5M)
(63.5M)
(325M)
(113.7M)
(107.4M)
(98.1M)
(116.6M)
(139.5M)
(149.4M)
(79.9M)
(52.7M)
(63.3M)
(710.8M)
(41M)
(16.7M)
94.7M
329.4M
161.9M
244M
83M
-390.8M
-3.3M
126.7M
-17.2M
255.1M
-104.6M
87.1M
106.6M
87.3M
15M
6.7M
9.8M
9.4M
PRE-TAX INCOME
-257.5M
(280.1M)
(254.6M)
(258.7M)
(254.7M)
(198.8M)
(181.2M)
(164.7M)
(199.1M)
(150.5M)
(133.1M)
(110.1M)
(58.9M)
(33M)
(7.6M)
(2.9M)
(2.2M)
(1.6M)
0.0
-279.7M
-254.6M
-258.7M
-254.7M
-198.8M
-181.2M
-160M
-192.9M
-142.4M
-121.1M
-105.5M
-57.5M
-31.7M
-7.6M
788K
-2.1M
-1.5M
(0.0)
(322.4M)
(418.2M)
(401M)
(373.3M)
(798.9M)
(604M)
-30.4M
(656K)
(27.8M)
(5.6M)
(37.2M)
(86K)
(447K)
(15.1M)
(0.0)
(6.8M)
(2.5M)
-273.5M
-269.3M
-318.2M
-234.7M
-266.2M
-250.1M
-176.9M
-205M
-206.4M
-109.3M
-82.9M
-60.8M
-56.9M
-37.2M
-6.6M
2M
-1.7M
-1.3M
-178.8M
60.1M
-156.3M
9.3M
-183.1M
-640.8M
-180.2M
-78.2M
-225M
145.8M
-187.5M
26.3M
49.7M
50.1M
8.5M
6.1M
8M
8.1M
NET INCOME
(276K)
-4.9M
(1.5M)
(219K)
(971K)
-3.4M
(345K)
(1.2M)
(1.4M)
(1.9M)
-367K
-3.6M
(937K)
(1.9M)
(601K)
(2.5M)
(0.0)
(3.3M)
-142.3M
39.4M
-143.8M
51.4M
-184.8M
-639.8M
-397M
360M
-70.9M
137M
-202M
16.7M
47.7M
47.9M
7.9M
3.6M
8M
4.9M

SEC Filings

NGL - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-K

10-K 2026 FY

FY

May 28, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

March 12, 2026
March 12, 2026
2026
8-K

8-K 2026

N/A

February 09, 2026
February 09, 2026
2026
10-Q

10-Q 2025 Q4

Q4

February 03, 2026
December 31, 2025
2025
DEF 14A

DEF 14A 2025

N/A

December 29, 2025
December 29, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 04, 2025
September 30, 2025
2025
10-Q

10-Q 2025 Q2

Q2

August 07, 2025
June 30, 2025
2025
10-K

10-K 2025 FY

FY

May 29, 2025
March 31, 2025
2025
10-Q

10-Q 2024 Q4

Q4

February 10, 2025
December 31, 2024
2024
10-Q

10-Q 2024 Q3

Q3

November 12, 2024
September 30, 2024
2024
Showing 1 to 10 of 277 filings