A Business at a Glance
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NGL Energy Partners LP
NGL
$2.1B
Mkt Cap
$15.56
-3.23%
NGL Energy Partners LP (NGL) has a current P/E ratio of 52.2, compared to its historical median P/E of 9.3. The stock is currently considered Expensive based on its historical valuation range.
NGL Energy Partners LP (NGL) has a 5-year average return on invested capital (ROIC) of 2.2%. This is below average and may indicate limited pricing power.
NGL Energy Partners LP (NGL) has a market capitalization of $1.9B. It is classified as a small-cap stock.
Yes, NGL Energy Partners LP (NGL) pays a dividend with a trailing twelve-month yield of 5.86%. The company also returns capital through share buybacks, with a buyback yield of 2.33%.
Based on historical P/E analysis, NGL Energy Partners LP (NGL) appears expensive. The current P/E of 52.2 is 462% above its historical median of 9.3. The estimated fair value CAGR (P/E method) is -31.0%.
NGL Energy Partners LP (NGL) operates in the Natural Gas Transmission industry, within the Utilities sector.
NGL Energy Partners LP (NGL) reported annual revenue of $3.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
We are a diversified midstream energy partnership that transports, treats, recycles and disposes of produced and flowback water generated as part of the energy production process as well as transports, stores, markets and provides other logistics services for crude oil and liquid hydrocarbons. Originally formed in September 2010, we are a Delaware master limited partnership and our business is currently organized into the following three segments: •Our Water Solutions segment transports, treats, recycles and disposes of produced and flowback water generated from crude oil and natural gas production. We also sell produced water for reuse and recycle and brackish non-potable water to our producer customers to be used in their crude oil exploration and production activities. As part of processing water, we aggregate and sell recovered crude oil, also known as skim oil.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.4B | 3.5B | 4.2B | 8.7B | 7.9B | 5.2B |
| Net Income | 159M | 39M | -144M | 51M | -185M | -640M |
| EPS | $1.26 | $0.30 | $-1.09 | $-0.56 | $-2.22 | $-4.90 |
| Free Cash Flow | 183M | 52M | 224M | 297M | 63M | 117M |
| ROIC | 14.0% | 11.7% | 5.9% | 10.3% | 2.5% | -19.6% |
| Gross Margin | 74.6% | 27.7% | 23.3% | 12.0% | 10.2% | 14.0% |
| Debt/Equity | 0.00 | -56.31 | -54.09 | -54.38 | -63.94 | -63.68 |
| Dividends/Share | $0.91 | $2.31 | $1.35 | - | - | - |
| Operating Income | 403M | 329M | 162M | 289M | 83M | -391M |
| Operating Margin | 29.0% | 9.5% | 3.9% | 3.3% | 1.0% | -7.5% |
| ROE | 0.0% | - | - | - | - | - |
| Shares Outstanding | 124M | 132M | 132M | 133M | 83M | 131M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 9.7B | 16.8B | 11.7B | 13.0B | 16.9B | 8.7B | 7.6B | 5.2B | 7.9B | 8.7B | 4.2B | 3.5B | 1.4B |
| Gross Margin | 5.8% | 5.0% | 7.7% | 5.4% | 2.9% | 8.1% | 12.9% | 14.0% | 10.2% | 12.0% | 23.3% | 27.7% | 74.6% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 76M | 149M | 140M | 117M | 98M | 107M | 114M | 70M | 64M | 72M | 122M | 56M | 57M |
| EBIT | 107M | 107M | -105M | 255M | -17M | 127M | -215M | -391M | 83M | 289M | 162M | 329M | 403M |
| Op. Margin | 1.1% | 0.6% | -0.9% | 2.0% | -0.1% | 1.5% | -2.8% | -7.5% | 1.0% | 3.3% | 3.9% | 9.5% | 29.0% |
| Net Income | 14M | 46M | -199M | 137M | -71M | 360M | -397M | -640M | -185M | 51M | -144M | 39M | 159M |
| Net Margin | 0.1% | 0.3% | -1.7% | 1.1% | -0.4% | 4.1% | -5.2% | -12.2% | -2.3% | 0.6% | -3.5% | 1.1% | 11.5% |
| Non-Recurring | -3.6M | -24M | 59M | 589M | 134M | 32M | -12M | -238M | 144M | -84M | -47M | -14M | -34M |
| Returns on Capital | |||||||||||||
| ROIC | 6.6% | 2.9% | -7.0% | 8.5% | -0.7% | 6.1% | -12.8% | -19.6% | 2.5% | 10.3% | 5.9% | 11.7% | 14.0% |
| ROE | N/A | 9.8% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| ROA | 0.3% | 0.7% | -3.6% | 2.2% | -1.2% | 6.1% | -6.1% | -10.8% | -3.0% | 0.9% | -2.9% | 0.8% | 3.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 85M | 262M | 351M | -24M | 138M | 337M | 464M | 304M | 206M | 445M | 376M | 297M | 411M |
| Free Cash Flow | -80M | 59M | -310M | -388M | 4.2M | -118M | -92M | 117M | 63M | 297M | 224M | 52M | 183M |
| Owner Earnings | -61M | 19M | 51M | -315M | -123M | 74M | 161M | -34M | -101M | 152M | 93M | 30M | 141M |
| CapEx | 165M | 204M | 662M | 364M | 134M | 456M | 556M | 187M | 142M | 148M | 152M | 246M | 227M |
| Maint. CapEx | 133M | 210M | 249M | 238M | 226M | 222M | 277M | 331M | 306M | 291M | 282M | 267M | 270M |
| Growth CapEx | 32M | 0 | 413M | 126M | 0 | 234M | 279M | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 133M | 210M | 249M | 238M | 226M | 222M | 277M | 331M | 306M | 291M | 282M | 267M | 270M |
| CapEx/OCF | 193.8% | 77.7% | 188.3% | N/A | 97.0% | 135.1% | 119.8% | 61.4% | 69.2% | 33.2% | 40.5% | 82.6% | 55.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 178M | 305M | 113M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 31.6% | 47.2% | 5.9% |
| Share Buybacks | 0 | 0 | 18M | 0 | 16M | 297K | 1.6M | 182K | 90K | 99K | 84K | 2.1M | 45M |
| Buyback Yield | N/A | N/A | 3.5% | N/A | 1.7% | 0.0% | 0.6% | 0.1% | 0.0% | 0.0% | 0.0% | 0.4% | 2.3% |
| Stock-Based Comp | 14M | 33M | 52M | 53M | 35M | 41M | 27M | 6.7M | 1.1M | 2.7M | 1.1M | 0 | 0 |
| Debt Repayment | 25M | 11M | 10M | 34M | 2.7M | 1.4M | 15M | 116M | 83M | 479M | 2.8B | 0 | 17M |
| Balance Sheet | |||||||||||||
| Net Debt | 1.6B | 3.3B | 2.9B | 3.0B | 2.6B | 2.1B | 3.1B | 3.3B | 3.3B | 2.8B | 2.8B | 3.0B | 2.9B |
| Cash & Equiv. | 10M | 25M | 28M | 12M | 22M | 19M | 23M | 4.8M | 3.8M | 5.4M | 39M | 5.6M | 13M |
| Long-Term Debt | 1.6B | 3.3B | 2.9B | 3.0B | 2.7B | 2.2B | 3.1B | 3.3B | 3.4B | 2.9B | 2.8B | 3.0B | 2.9B |
| Debt/Equity | -36.30 | 7.10 | -57.64 | -59.82 | -52.76 | -42.71 | -61.38 | -63.68 | -63.94 | -54.38 | -54.09 | -56.31 | 0.00 |
| Interest Coverage | 1.8 | 1.0 | -0.8 | 1.7 | -0.1 | 0.8 | -1.2 | -2.0 | 0.3 | 1.0 | 0.6 | 1.2 | 1.5 |
| Equity | -45M | 468M | -51M | -51M | -51M | -51M | -51M | -52M | -52M | -53M | -53M | -53M | -53M |
| Total Assets | 4.1B | 6.7B | 5.6B | 6.3B | 6.2B | 5.9B | 6.5B | 5.9B | 6.1B | 5.5B | 5.0B | 4.6B | 4.4B |
| Total Liabilities | 4.2B | 5.7B | 5.6B | 6.3B | 6.1B | 5.9B | 6.5B | 5.9B | 6.1B | 5.5B | 5.1B | 4.6B | 139M |
| Intangibles | 1.8B | 2.9B | 2.5B | 2.6B | 2.1B | 1.9B | 2.6B | 2.0B | 1.9B | 1.8B | 1.5B | 1.5B | 1.4B |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Working Capital | 311M | 428M | 322M | 546M | 1.1B | 562M | -72M | 97M | 269M | 182M | 203M | 223M | 75M |
| Current Assets | 1.3B | 1.2B | 1.0B | 1.5B | 2.3B | 1.8B | 774M | 1.0B | 1.5B | 1.3B | 1.2B | 962M | 721M |
| Current Liabilities | 975M | 801M | 706M | 939M | 1.1B | 1.3B | 846M | 911M | 1.3B | 1.1B | 977M | 739M | 647M |
| Per Share Data | |||||||||||||
| EPS | 0.13 | 0.44 | -1.65 | 1.13 | -0.56 | 2.80 | -3.06 | -4.90 | -2.22 | -0.56 | -1.09 | 0.30 | 1.26 |
| Owner EPS | -0.58 | 0.18 | 0.42 | -2.59 | -0.98 | 0.58 | 1.24 | -0.26 | -1.22 | 1.14 | 0.70 | 0.23 | 1.14 |
| Book Value | -0.43 | 4.49 | -0.42 | -0.42 | -0.40 | -0.39 | -0.40 | -0.40 | -0.63 | -0.40 | -0.40 | -0.40 | -0.43 |
| Cash Flow/Share | 0.80 | 2.52 | 2.91 | -0.20 | 1.10 | 2.62 | 3.58 | 2.33 | 2.47 | 3.36 | 2.85 | 2.25 | 3.46 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.35 | 2.31 | 0.91 |
| Shares Out. | 106.3M | 104.2M | 120.8M | 121.6M | 126.0M | 128.8M | 129.6M | 130.7M | 83.2M | 132.5M | 132.0M | 132.0M | 123.8M |
| Valuation | |||||||||||||
| P/E Ratio | 127.8 | 29.2 | N/A | 11.4 | N/A | 3.9 | N/A | N/A | N/A | 7.2 | N/A | 15.4 | 12.4 |
| P/FCF | N/A | 22.8 | N/A | N/A | 218.0 | N/A | N/A | 2.3 | 3.0 | 1.2 | 3.4 | 11.7 | 10.5 |
| EV/EBIT | 16.9 | 12.1 | N/A | 6.2 | N/A | 10.9 | N/A | N/A | 3.6 | 11.1 | 22.1 | 10.8 | 12.1 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.0 | 0.0 | 0.1 | 0.2 | 1.4 |
| FCF Yield | -4.4% | 4.4% | -61.1% | -24.9% | 0.5% | -8.5% | -34.5% | 42.7% | 21.2% | 80.2% | 29.4% | 8.5% | 9.5% |
| Market Cap | 1.8B | 1.3B | 508M | 1.6B | 917M | 1.4B | 266M | 274M | 299M | 371M | 760M | 606M | 1.9B |
| Avg. Price | 13.92 | 16.88 | 10.26 | 10.69 | 8.61 | 8.47 | 9.92 | 3.42 | 2.16 | 1.76 | 4.27 | 4.90 | 15.56 |
| Year-End Price | 17.01 | 12.83 | 4.21 | 12.80 | 7.28 | 10.82 | 2.05 | 2.10 | 2.27 | 2.80 | 5.76 | 4.59 | 15.56 |
NGL Energy Partners LP passes 1 of 9 quality checks, indicating weak fundamentals.
NGL Energy Partners LP trades at 52.2x trailing earnings, compared to its 15-year median P/E of 9.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 39.8x vs a median of 3.0x. The company's 5-year average ROIC is 2.2% with a gross margin of 17.5%. Total shareholder yield (dividends + buybacks) is 8.2%. At current prices, the estimated annualized return to fair value is +14.6%.
NGL Energy Partners LP (NGL) has a net profit margin of 1.1%. This is a modest margin.
NGL Energy Partners LP (NGL) generated $52 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
NGL Energy Partners LP (NGL) reported earnings per share (EPS) of $0.30 in its most recent fiscal year.
NGL Energy Partners LP (NGL) has a 5-year average gross margin of 17.5%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 14 years of financial data for NGL Energy Partners LP (NGL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NGL Energy Partners LP (NGL) has a book value per share of $-0.40, based on its most recent annual SEC filing.