NGL · NGL Energy Partners LP

$15.48 -0.60 (-3.73%) At close · Jul 24

Market Cap

$1.94B

124.81M

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue

$3.16B -9%

FY2026

Net Income

-$142.3M -461.4%

FY2026

Gross Margin

7.13%

FY2011

Operating Margin

3% -6.5pp

FY2026

Operating Cash Flow

$365.95M +23%

FY2026

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2013	FY2012	FY2011
Revenue	-28.7%	-9.6%	-12.3%	—	$3.16B	$3.47B	$4.15B	$8.69B	$7.95B	$5.23B	$7.58B	$24.02B	$17.28B	$13.02B	$11.74B	$16.8B	$9.7B	$4.42B	$1.31B
Rental Income	-1.5%	—	—	—	$13.3M	$15M	$17.8M	$13.9M	—	—	—	—	—	—	—	—	—	—	—
Cost of Revenue	-34.2%	-13.5%	-14.8%	—	$2.18B	$2.51B	$3.19B	$7.65B	$7.14B	$4.49B	$6.6B	$23.28B	$16.54B	$12.32B	$10.84B	$15.96B	$9.13B	$4.04B	$1.22B
Gross Profit	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$93.45M
Gross Margin	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	7.13%
General & Administrative	-0.8%	-0.1%	-6.7%	—	$70.11M	$55.59M	$121.63M	$71.82M	$63.55M	$70.47M	$113.66M	$107.53M	$109.45M	$116.57M	$139.54M	$149.43M	$79.86M	$52.7M	$16.01M
Amortization of Intangibles	-9.9%	-14.6%	-5.6%	—	$60.57M	$60.52M	$73.36M	$82.88M	$90.24M	$133.15M	$138.62M	$121.09M	$134.57M	$114.8M	$107.63M	$104.79M	$72.75M	$44.09M	—
Depreciation & Amortization	-2.6%	-4.1%	+0.8%	—	$268.73M	$267.25M	$282.06M	$290.88M	$306.21M	$331.2M	$276.85M	$227.69M	$269.43M	$237.8M	$249.21M	$210.48M	$132.65M	$77.51M	$17.19M
Total Operating Expenses	—	—	—	$133.54M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$47.3M
Operating Income	-31.1%	—	—	—	$94.73M	$329.36M	$161.91M	$289.16M	$83.04M	-$390.75M	-$3.33M	$141.99M	$138.26M	$255.08M	-$104.6M	$87.11M	$106.57M	$87.31M	$15.03M
Operating Margin	—	—	—	—	3%	9.49%	3.9%	3.33%	1.04%	-7.48%	-0.04%	0.59%	0.8%	1.96%	-0.89%	0.52%	1.1%	1.98%	1.15%
EBITDA	-14.4%	—	+9.7%	—	$363.46M	$596.6M	$443.98M	$580.04M	$389.25M	-$59.55M	$273.52M	$369.68M	$407.69M	$492.88M	$144.61M	$297.59M	$239.22M	$164.82M	$32.22M
Interest Expense	-2.2%	+5.3%	+6.8%	—	$257.49M	$280.08M	$269.8M	$275.45M	$271.64M	$198.8M	$181.18M	$164.73M	$199.57M	$150.48M	$133.09M	$110.12M	$58.85M	$32.99M	$7.62M
Other Non-Operating Income	-73.6%	—	-21.0%	—	$526K	$4.26M	$2.78M	$28.75M	$2.25M	-$36.5M	$1.68M	-$29.95M	$8.4M	$27.76M	$5.58M	$37.17M	$86K	$260K	$290K
Equity in Earnings of Unconsolidated Entities	-63.5%	-36.4%	-35.5%	—	$201K	$6.57M	$4.12M	$4.12M	$1.4M	$1.94M	$1.29M	$2.53M	$7.96M	$3.08M	$16.12M	$12.1M	$1.9M	—	—
Pretax Income	—	—	—	—	-$178.78M	$60.1M	-$156.27M	$52.76M	-$183.13M	-$640.81M	-$180.2M	-$62.49M	-$68.15M	$145.81M	-$187.46M	$26.26M	$49.7M	$50.07M	$8.47M
Income Tax	—	—	—	—	-$276K	-$4.89M	$1.46M	$271K	$971K	-$3.39M	$345K	$1.23M	$1.46M	$1.94M	-$367K	-$3.62M	$937K	$1.88M	$601K
Net Income	—	—	—	—	-$142.3M	$39.37M	-$143.76M	$51.39M	-$184.76M	-$639.82M	-$397.01M	$360.05M	-$70.88M	$137.04M	-$187.1M	—	—	—	$7.86M
Net Margin	—	—	—	—	-4.51%	1.13%	-3.46%	0.59%	-2.32%	-12.24%	-5.23%	1.5%	-0.41%	1.05%	-1.59%	—	—	—	0.6%
Net Income Attributable to Noncontrolling Interests	-0.1%	—	—	$1.16M	—	—	$631K	$1.11M	$655K	$632K	-$1.77M	-$20.21M	$240K	$6.83M	-$11.83M	-$13.22M	-$1.1M	-$250K	-$12K
Net Income Available to Common Stockholders	—	—	—	—	—	—	—	-$73.23M	—	—	—	—	—	—	—	—	—	—	—

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2024–FY2026: $49.86M in buybacks.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

1.64×

Oil & Gas Midstream median 3.94×

EV/EBIT

54.56×

Oil & Gas Midstream median 15.55×

P/E (TTM)

—

Oil & Gas Midstream median 23.76×

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Liquids Logistics Segment	$1,262,196,000	$1,833,612,000	$1,766,425,000	$2,517,160,000	$4,897,553,000	$3,133,146,000	$4,611,136,000	$5,249,474,000
Crude Oil Logistics Segment	$1,054,631,000	$879,902,000	$1,656,611,000	$2,473,412,000	$2,505,496,000	$1,721,636,000	$2,549,767,000	$3,136,635,000
Water Solutions Segment	$838,914,000	$755,687,000	$730,818,000	$697,038,000	$544,866,000	$370,986,000	$422,059,000	$301,686,000
Corporate And Other	—	—	—	—	—	$1,255,000	$1,038,000	$1,362,000

By Geography (USD)

Component	FY2026	FY2025	FY2024	FY2023	FY2022
Non Us	$138,600,000	$128,200,000	$132,100,000	$211,000,000	$238,000,000

By Product & Service (USD)

Component	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Product	$2,396,188,000	$2,742,953,000	$3,467,925,000	$5,008,999,000	—	—	—	—
Service	$759,971,000	$726,233,000	$685,382,000	$670,021,000	—	—	—	—
Brackish Non-Potable Water Revenues	—	—	—	—	—	$10,554,000	$11,676,000	$2,404,000
Butane	—	—	—	—	$861,998,000	$516,358,000	$1,124,106,000	$1,256,126,000
Crude Oil Transportation and Other	—	—	—	—	$75,484,000	$142,233,000	$170,138,000	$148,738,000
Non Topic 606 Revenues	—	—	—	—	—	—	$304,742,000	$334,800,000
Other Products or Services	—	—	—	—	$551,841,000	$373,707,000	$968,746,000	$1,185,778,000
Other Revenues	—	—	—	—	$23,625,000	$29,628,000	$95,232,000	$62,327,000
Propane	—	—	—	—	—	$1,023,479,000	$1,684,800,000	$2,338,234,000
Recovered Crude Oil	—	—	—	—	$77,203,000	$28,599,000	$59,445,000	$72,678,000
Refined Products	—	—	—	—	$1,899,898,000	$1,124,087,000	$4,799,284,000	$5,070,486,000
Service Fees	—	—	—	—	$413,301,000	$321,460,000	$330,877,000	$217,545,000
Water Revenues	—	—	—	—	$39,518,000	$13,569,000	$12,381,000	—
Crude Oil	—	—	—	—	$2,509,596,000	$1,603,298,000	$2,383,812,000	$3,011,355,000
Public Utilities Inventory Propane	—	—	—	—	$1,322,210,000	$1,023,479,000	$842,400,000	—

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Water Solutions Segment	$231,256,000	$198,924,000	$94,851,000	-$92,720,000	-$173,064,000	$210,525,000	-$24,231,000
Crude Oil Logistics Segment	$52,074,000	$81,524,000	$45,033,000	-$304,330,000	$117,768,000	-$7,379,000	$122,904,000
Liquids Logistics Segment	$2,481,000	$66,624,000	-$8,441,000	$70,441,000	$142,411,000	$9,288,000	—
Liquids and Marketing Segment	—	—	—	—	$142,411,000	$9,288,000	$168,136,000

Operating Margin by Segment (%)

Component	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Liquids Logistics Segment	0.1%	2.6%	-0.2%	2.2%	3.1%	0.2%
Crude Oil Logistics Segment	3.1%	3.3%	1.8%	-17.7%	4.6%	-0.2%
Water Solutions Segment	31.6%	28.5%	17.4%	-25%	-41%	69.8%

Key facts CIK 1504461 CUSIP 62913M107 13F (30d) 12 filings 12 filers Visit website Investor relations