NGL Energy Partners LP
NGL Energy Oil & Gas Midstream
In the quarter to June 2026, revenue grew 59.1%, EPS grew 1,100.0%, free cash flow fell 386.5% and total debt rose 13.8%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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NGL Energy Partners LP (NGL) Piotroski F-score
NGL Energy Partners LP's Piotroski F-score for fiscal 2026 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, down from 5 in fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 4 | (1.00) |
| FY2025 | 5 | 1.00 |
| FY2024 | 4 | (1.00) |
| FY2023 | 5 | 0.00 |
| FY2022 | 5 | 1.00 |
| FY2021 | 4 | 1.00 |
| FY2020 | 3 | (3.00) |
| FY2019 | 6 | 1.00 |
| FY2018 | 5 | 1.00 |
| FY2017 | 4 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (9.23%) | (1.64%) | Fail | 0 |
| Positive operating cash flow | 365.95m | 297.46m | Pass | 1 |
| Rising return on assets | (9.23%) | (1.64%) | Fail | 0 |
| Cash flow above net income | 771.51m | 376.36m | Pass | 1 |
| Falling long-term leverage | 0.73 | 0.62 | Fail | 0 |
| Rising current ratio | 1.05 | 1.30 | Fail | 0 |
| No new shares issued | 127,020,600 | 132,204,300 | Pass | 1 |
| Rising gross margin | 30.86% | 27.73% | Pass | 1 |
| Rising asset turnover | 0.72 | 0.72 | Fail | 0 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| NVGS Navigator Holdings Ltd. compare | 7 |
| LPG Dorian LPG Ltd. compare | 7 |
| GEL Genesis Energy, L.P. compare | 6 |
| TEN Tsakos Energy Navigation Ltd compare | 5 |
| GLP Global Partners LP compare | 5 |
| FLNG Flex LNG Ltd. compare | 4 |
| NGL NGL Energy Partners LP | 4 |
| NAT Nordic American Tankers Limited compare | 4 |
| PBT Permian Basin Royalty Trust compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover