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NGL Energy Partners LP logo

NGL Energy Partners LP

NGL

NYSEEnergyOil & Gas Midstream

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$16.81

−$0.24 · -1.41%

Aug 21, 4:00 PM ET

NGL company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

65

Undervalued

Momentum

60

Neutral

Sentiment

41

Mixed

Risk resilience

53

Elevated Risk

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Company profile

Company website

NGL Energy Partners LP is engaged in the midstream energy sector, focusing on the movement, storage, blending, and marketing of critical energy commodities such as crude oil, natural gas liquids (NGLs), refined petroleum products, and renewable fuels. The company also offers extensive water solutions. Its operations are structured into three primary segments: The Water Solutions division specializes in managing water generated during oil and natural gas extraction. This involves the transportation, treatment, recycling, and responsible disposal of produced and flowback water. Additionally, it recovers and markets crude oil, handles the disposal of solids like tank bottoms and drilling fluids, performs truck and frac tank washouts, and supplies water for reuse, recycling, or as brackish non-potable water. The Crude Oil Logistics segment is responsible for purchasing crude oil from producers and marketers, then transporting it to refineries. Resales occur at various points, including pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trading hubs. This segment further provides essential storage, terminaling, and pipeline transportation services. Through its Liquids Logistics segment, NGL Energy Partners supplies natural gas liquids, refined petroleum products, and biodiesel to a diverse clientele of commercial, retail, and industrial customers throughout the United States and Canada. Its operations are supported by a network of 24 proprietary terminals, numerous third-party storage and terminal facilities, nine common carrier pipelines, and a fleet of leased railcars. Furthermore, this segment manages the marine export of butane from its facility situated in Chesapeake, Virginia. NGL Energy Holdings LLC acts as the company's general partner. Established in 1940, the company maintains its headquarters in Tulsa, Oklahoma.

Industry
Oil & Gas Midstream
Sector
Energy
Headquarters
US
CEO
H. Michael Krimbill
Listed since
May 16, 2011
Employees
449

Market position

Day range

Current $16.81

52-week range

Current $16.81

Open
$17.07
Previous close
$17.05
Volume
103.95K
0.4× average
Average volume
259.96K
Average daily volume
Market cap
2.1B USD
Beta
0.65
Market reference 1
50-day average
$16.1006
+4.41% above average
200-day average
$13.1997
+27.35% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-5.52×
P/B (TTM)
64.14×
P/S (TTM)
0.6×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
24.97%
Operating margin
12.27%
Net margin
-4.83%

Financial health

Debt / equity
103.75×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends27%15%3%-9%Gross margin, FY2022: 6.54%Gross margin, FY2023: 12.62%Gross margin, FY2024: 16.90%Gross margin, FY2025: 20.39%Gross margin, FY2026: 23.67%Operating margin, FY2022: 1.04%Operating margin, FY2023: 4.30%Operating margin, FY2024: 3.90%Operating margin, FY2025: 9.49%Operating margin, FY2026: 12.18%Net margin, FY2022: -2.32%Net margin, FY2023: 0.90%Net margin, FY2024: -3.46%Net margin, FY2025: 1.13%Net margin, FY2026: -5.71%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 6.54%. Gross margin FY2023 12.62%. Gross margin FY2024 16.90%. Gross margin FY2025 20.39%. Gross margin FY2026 23.67%. Operating margin FY2022 1.04%. Operating margin FY2023 4.30%. Operating margin FY2024 3.90%. Operating margin FY2025 9.49%. Operating margin FY2026 12.18%. Net margin FY2022 -2.32%. Net margin FY2023 0.90%. Net margin FY2024 -3.46%. Net margin FY2025 1.13%. Net margin FY2026 -5.71%.

Income trends

Revenue

3.16B USD-9.02%

Operating income

384.46M USD+16.73%

Net income

−180.18M USD−219.55M USD
Income trends across reported periods8.76B USD5.51B USD2.26B USD−998.02M USDRevenue, FY2022: 7.95B USDRevenue, FY2023: 5.68B USDRevenue, FY2024: 4.15B USDRevenue, FY2025: 3.47B USDRevenue, FY2026: 3.16B USDOperating income, FY2022: 83.04M USDOperating income, FY2023: 243.99M USDOperating income, FY2024: 161.91M USDOperating income, FY2025: 329.36M USDOperating income, FY2026: 384.46M USDNet income, FY2022: −184.76M USDNet income, FY2023: 51.39M USDNet income, FY2024: −143.76M USDNet income, FY2025: 39.37M USDNet income, FY2026: −180.18M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 7.95B USD. Revenue FY2023 5.68B USD. Revenue FY2024 4.15B USD. Revenue FY2025 3.47B USD. Revenue FY2026 3.16B USD. Operating income FY2022 83.04M USD. Operating income FY2023 243.99M USD. Operating income FY2024 161.91M USD. Operating income FY2025 329.36M USD. Operating income FY2026 384.46M USD. Net income FY2022 −184.76M USD. Net income FY2023 51.39M USD. Net income FY2024 −143.76M USD. Net income FY2025 39.37M USD. Net income FY2026 −180.18M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue3.16B USD3.47B USD4.15B USD5.68B USD7.95B USD
Cost of goods sold2.41B USD2.76B USD3.45B USD4.96B USD7.43B USD
Gross profit747.21M USD707.38M USD701.76M USD716.5M USD519.88M USD
Selling, general, and administrative362.75M USD55.59M USD121.63M USD71.48M USD63.55M USD
Operating expenses362.75M USD378.02M USD539.85M USD472.51M USD436.84M USD
Interest expense254.19M USD280.08M USD254.62M USD258.7M USD254.68M USD
Depreciation and amortization261.44M USD267.25M USD282.06M USD290.11M USD306.21M USD
Operating income384.46M USD329.36M USD161.91M USD243.99M USD83.04M USD
Net income−180.18M USD39.37M USD−143.76M USD51.39M USD−184.76M USD

Company facts updated Aug 24, 2026.

NGL news

zacks.com

NGL Energy Partners LP (NGL) is a Great Momentum Stock: Should You Buy?

Does NGL Energy Partners LP (NGL) have what it takes to be a top stock pick for momentum investors? Let's find out.

Read source
zacks.com

Surging Earnings Estimates Signal Upside for NGL Energy Partners (NGL) Stock

NGL Energy Partners LP (NGL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Read source
seekingalpha.com

NGL Is Quickly Becoming A Key Player

NGL Energy Partners delivered a strong Q1 EBITDA and volume beat, driven by 43% growth in the Water Solutions segment. Management raised full-year adjusted EBITDA guidance to $725-$735 million and signaled potential for…

Read source
seekingalpha.com

Energy Transfer Is A Beat And Raise Machine

Energy Transfer (ET) delivered another beat-and-raise quarter, with Q2 EBITDA of $5.07B and raised full-year guidance to $18.8–$19.1B. Operational momentum is robust: record NGL transportation, exports, and crude oil…

Read source
marketbeat.com

NGL Energy Partners Q1 Earnings Call Highlights

NGL Energy Partners NYSE: NGL reported a strong start to fiscal 2027, led by record produced-water disposal volumes and higher earnings from its Water Solutions segment, while raising its full-year adjusted EBITDA…

Read source
seekingalpha.com

NGL Energy Partners LP Common Units (NGL) Q1 2027 Earnings Call Transcript

NGL Energy Partners LP Common Units (NGL) Q1 2027 Earnings Call Transcript

Read source

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ETFs holding NGL

Funds reporting this stock among their holdings, ordered by reported position size.

Global X - MLP & Energy Infrastructure ETF logoGlobal X - MLP & Energy Infrastructure ETFMLPX
Market value
23.95M
Weight
0.67%
AUM
3.6B USD
Expense ratio
0.45%
Price / 1D
$74.36-1.35%
Alerian Energy Infrastructure ETF logoAlerian Energy Infrastructure ETFENFR
Market value
3.48M
Weight
0.66%
AUM
529.42M USD
Expense ratio
0.35%
Price / 1D
$39.40-0.83%
Arrow Dow Jones Global Yield ETF logoArrow Dow Jones Global Yield ETFGYLD
Market value
1.94M
Weight
0.38%
AUM
27.82M USD
Expense ratio
0.75%
Price / 1D
$14.5275+0.75%
Invesco BuyBack Achievers ETF logoInvesco BuyBack Achievers ETFPKW
Market value
1.38M
Weight
0.08%
AUM
1.78B USD
Expense ratio
0.62%
Price / 1D
$151.05+0.95%
VanEck Real Assets ETF logoVanEck Real Assets ETFRAAX
Market value
1.28M
Weight
0.10%
AUM
1.32B USD
Expense ratio
0.55%
Price / 1D
$42.01+0.91%
Unusual Whales Subversive Republican Trading ETF logoUnusual Whales Subversive Republican Trading ETFGOP
Market value
1.17M
Weight
1.27%
AUM
61.3M USD
Expense ratio
0.74%
Price / 1D
$44.63+0.54%
SMI 3Fourteen REAL Asset Allocation ETF logoSMI 3Fourteen REAL Asset Allocation ETFRAA
Market value
1.09M
Weight
0.18%
AUM
499.82M USD
Expense ratio
0.85%
Price / 1D
$30.5138+0.51%
Even Herd Long Short ETF logoEven Herd Long Short ETFEHLS
Market value
504.12K
Weight
0.87%
AUM
59.5M USD
Expense ratio
2.62%
Price / 1D
$25.525+0.10%

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