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NGL Energy Partners LP

NGL Energy Oil & Gas Midstream

NGL Energy Partners LP’s revenue for fiscal 2026 (year ended March 2026) was $3.2 billion, down 9.02% from fiscal 2025.

Revenue
+59.1%
EPS
+1,100.0%
Free cash flow
−386.5%
Total debt
+13.8%

Quarter to June 2026, against a year earlier

15.05 0.30 +2.03%
Market cap
$1.8B
P/E
0.0×
Fwd P/E
11.9×
Dividend yield
—
F-score
4/9
Altman Z
n/a
Beneish M
−3.15
Dividend safety
25/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 5.75
Sold, $m 5.10
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — 4 — — —
Sell — — — — — — — — 1 — — —
Insider Ownership 20.02%

Capital & Financial Ratios $m

Size
Market Cap 1,840.00
Revenue ttm 3,524.00
Net income ttm (128.73)
Free cash flow ttm 101.88
Net debt Q 3,270.60
Valuation
P/E 0.00
Forward P/E 11.90
Price / sales 0.53
Forward P/S Powerpack
Price / FCF 18.44
Price / book 0.00
Financial health
Current ratio Q 1.14
Debt / equity Q (13.85) (negative: negative equity)
Interest coverage Q 2.17
Growth
Revenue growth Q +59.12% (above 0%: growing)
Operating income growth Q +49.12% (above 0%: growing)
EPS, this year +143.26% (at or above 15%: strong)
EPS, next year A +29.71% (at or above 15%: strong)
Revenue, next year A +5.19%
EPS, past 5 yrs —
EPS, next 5 yrs A +4.00%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.5×, against a ten-year median of 0.5×; over the ten years it ranged from 0.2× in 2018 to 1.7× in 2026.
P/S against its own 10 years 95.20%
10-year low 10-year high
EV/Sales against its own 10 years 94.87%
10-year low 10-year high
EV/FCF against its own 10 years 59.89%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2016–25
−100.0%/yr
  1. 1.81 ’16
  2. 2.24 ’17 +23
  3. 1.56 ’18 −30
  4. 1.56 ’19 +0
  5. 0.89 ’20 −43
  6. 0.00 ’24 −100
  7. 0.00 ’25
paid change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 39 6 9 5
Receivables 719 580 661 639
Inventory 107 70 67 68
Other 72 175 — —
1,181 962 774 738
2024 2025 2026 Q'26
Payables 639 462 495 450
ST’ Debt 7 9 11 11
Other 19 52 15 18
977 739 739 645

Compound Annual Growth %

10y 5y 3y
Sales (12.31%) (9.60%) (17.78%)
Cash Flow 0.40% 3.78% (6.32%)
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY27 Estimate 0.11 Actual 0.17

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 0.00 0.02 Beat by 0.02
Q3 FY26 0.16 0.10 Miss by 0.06
Q4 FY26 0.18 −0.71 Miss by 0.89
Q1 FY27 0.11 0.17 Beat by 0.06
Q2 FY27 0.22 — Reports 5 November 2026

EPS $

Jun Sep Dec Mar Year
’26 0.48 — — — —
’26 0.04 0.02 0.10 (3.44) (3.19)
’25 (0.14) (0.21) (0.12) (0.12) (0.60)
’24 (0.11) (0.05) 0.08 (2.05) (2.14)
’23 (0.04) (0.21) 0.19 (0.51) (0.56)
’22 (1.23) (0.21) (0.35) (0.43) (2.22)
’21 (0.44) (0.14) (3.13) (1.96) (5.68)
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 990 — — — —
’26 622 675 910 950 3,156
’25 759 756 982 971 3,469
’24 1,616 1,841 1,870 1,039 4,153
’23 2,497 2,009 2,139 (967) 5,679
’22 1,489 1,754 2,172 2,533 7,948
’21 844 1,168 1,462 1,752 5,227
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 77 — — — —
’26 33 40 182 110 366
’25 (18) 7 154 155 297
’24 55 76 93 152 376
’23 2 (34) 239 238 445
’22 (5) (3) 35 179 206
’21 80 63 42 118 304
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 (32) — — — —
’26 11 10 46 78 145
’25 (78) (83) 95 117 52
’24 19 31 53 120 224
’23 (39) (87) 210 213 297
’22 (52) (34) 5 144 63
’21 (17) 29 23 83 117
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jun ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 12,707 6,954 8,689 7,584 5,227 7,948 5,679 4,153 3,469 3,156 3,524 (14.3%) 3,320 3,044 — (1.8%)
Gross margin, % 3.77 9.93 8.13 12.92 14.03 10.17 17.43 23.30 27.73 30.86 29.52 +27.1 pt
EBT 97 (21) (78) (180) (641) (183) 9 (156) 60 (179) (129) n/m
EBT margin, % 0.76 (0.30) (0.90) (2.38) (12.26) (2.30) 0.16 (3.76) 1.73 (5.66) (3.66) (6.4) pt
Net income 144 (70) 339 (399) (639) (184) 52 (143) 43 (139) (129) n/m
Per share, $
Per share, $ Revenue 117.56 57.47 70.63 59.52 40.53 61.21 43.35 31.43 26.24 24.85 28.24 (15.9%)
Earnings 0.99 (1.08) 2.01 (4.59) (5.68) (2.22) (0.56) (2.14) (0.60) (3.19) (2.84) n/m
Cash flow (0.23) 1.14 2.74 3.64 2.36 1.59 3.40 2.85 2.25 2.88 3.28 n/m
Capex (3.19) (1.11) (3.70) (4.36) (1.45) (1.10) (1.13) (1.15) (1.86) (1.74) (2.47) (6.5%)
Free cash flow (3.42) 0.03 (0.96) (0.72) 0.91 0.49 2.27 1.69 0.39 1.14 0.82 n/m
Book value 20.05 17.24 18.52 13.62 7.35 5.50 5.86 3.39 1.10 (2.33) (1.90) n/m
Shares, m 108 121 123 127 129 130 131 132 132 127 126 +1.8%
Valuation, ×
Valuation, × P/E 22.16 0.00 7.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.9
P/S 0.19 0.08 0.11 0.04 0.05 0.04 0.07 0.12 0.17 0.50 0.53 0.1
P/B 1.13 0.69 0.84 0.24 0.44 0.79 0.91 7.69 0.00 0.00 0.00 1.3
EV/Sales 0.43 0.23 0.25 0.46 0.68 0.46 0.62 0.56 1.03 1.52 1.46 0.6
EV/FCF (14.66) 939.10 (32.88) (37.76) 30.54 57.29 11.89 15.98 69.03 33.12 50.54 107.2
Cash, $m
Cash, $m Operating cash flow (25) 138 337 464 304 206 445 376 297 366 410 n/m
Capex (345) (134) (456) (556) (187) (142) (148) (152) (246) (221) (308) (4.8%)
Free cash flow (370) 4 (118) (92) 117 63 297 224 52 145 102 n/m
Balance, $m
Balance, $m Working capital 546 1,165 562 (72) 97 269 182 203 223 34 93 (26.4%)
Net debt 2,981 2,658 2,142 3,127 3,316 3,349 2,852 2,812 2,965 3,226 3,271 +0.9%
Shareholders’ equity 2,167 2,086 2,278 1,736 948 714 767 448 146 (297) (237) n/m
Returns, %
Returns, % ROA 1.80 (2.10) 4.11 (9.44) (11.77) (4.80) (1.27) (5.40) (1.64) (9.23) (8.39) (11.0) pt
ROIC 2.50 2.47 1.79 (0.04) (5.73) 1.28 4.21 3.10 6.62 2.02 2.94 (0.5) pt
ROE 5.53 (6.47) 12.52 (33.81) (73.72) (59.76) (18.65) (109.15) 153.50 95.71 88.77 +90.2 pt
People
People Employees 2,700 2,400 1,300 1,400 1,400 842 638 607 569 449 — (18.1%)
Revenue/emp, $m 4.71 2.90 6.68 5.42 3.73 9.44 8.90 6.84 6.10 7.03 — +4.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026 · fundamentals updated 24 Oct 2026

NGL Energy Partners LP vs peers in Oil & Gas Midstream (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TNK Teekay Tankers Ltd. $2.8B 5.0× 4.1× +62.97% (above 0%: growing) +258.56% (above 0%: growing) +278.92% (above 0%: growing) 59.49% 58.49% Compare
LPG Dorian LPG Ltd. $2.0B 4.1× 4.7× +78.41% (above 0%: growing) +285.38% (above 0%: growing) +518.05% (above 0%: growing) 91.30% 97.34% Compare
NGL NGL Energy Partners LP $1.8B — (loss-making) 11.9× +59.12% (above 0%: growing) +1,100.00% (above 0%: growing) −386.50% (below 0%: shrinking) 30.87% 14.68%
GEL Genesis Energy, L.P. $1.5B 67.7× — (loss-making) +40.98% (above 0%: growing) n/m +2,417.50% (above 0%: growing) 32.06% 19.82% Compare
GLP Global Partners LP $1.4B 8.9× 7.9× +42.39% (above 0%: growing) +240.00% (above 0%: growing) +88,590.38% (above 0%: growing) 4.43% 1.25% Compare
FLNG Flex LNG Ltd. $1.4B 13.7× 12.1× +24.21% (above 0%: growing) +151.52% (above 0%: growing) +185.57% (above 0%: growing) 76.00% 55.68% Compare
NAT Nordic American Tankers Limited $1.4B 11.4× 10.1× +133.96% (above 0%: growing) n/m +197.49% (above 0%: growing) 83.25% 82.06% Compare
PBT Permian Basin Royalty Trust $1.3B 82.9× 21.9× +34.59% (above 0%: growing) +60.00% (above 0%: growing) — 100.00% 92.68% Compare
TEN Tsakos Energy Navigation Ltd $1.3B 4.6× 3.9× +54.37% (above 0%: growing) +556.72% (above 0%: growing) +185.92% (above 0%: growing) 62.31% 54.53% Compare
Median of peers $1.4B 10.1× 7.9× +48.38% +249.28% +278.92% 69.16% 57.09%

All 57 Oil & Gas Midstream stocks →

Pay and ownership Proxy statement filed 29 December 2025

Ownership

Directors and executive officers, together 7.30%
Invesco Ltd. 15.70%
Bank of America Corp /DE/ 9.40%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

NGL Energy Partners LP (NGL) Latest News

6 Nov

Impact 4 · · The Motley Fool transcript

5 Nov

Impact 3 · · Business Wire

4 Nov

Impact 3 · · Zacks
Impact 3 · · Zacks

16 Oct

Impact 4 · · Simply Wall St.

15 Aug

Impact 3 ·

11 Aug

Impact 3 ·

5 Aug

Impact 3 · · MarketBeat
Impact 3 · transcript

4 Aug

Impact 3 ·

2 Jun

Impact 3 · · Zacks

29 May

Impact 4 · · GuruFocus.com transcript
Impact 3 · · Moby

28 May

Impact 3 · · MarketBeat
Impact 3 · · Business Wire

12 May

Impact 4 · · Simply Wall St.

7 May

Impact 4 · · Business Wire

15 Apr

Impact 4 · · Insider Monkey

9 Apr

Impact 4 · · Business Wire

13 Mar

Impact 4 · · Simply Wall St.

12 Mar

Impact 4 · · Business Wire

4 Feb

Impact 4 · · Simply Wall St.
Impact 4 · · GuruFocus.com transcript
Impact 3 · · MarketBeat transcript

3 Feb

Impact 4 · · PR Newswire
Impact 3 · · Business Wire

27 Jan

Impact 3 · · Zacks

17 Jan

Impact 3 · · Simply Wall St.

15 Jan

Impact 3 · · ZacksZacksZacksZacksZacksZacksZacks

14 Jan

Impact 3 · · Business Wire
stockrow.com/NGL · Data as of Oct 24, 2026 · For information only; not investment advice. · © 2026 stockrow.com