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NGL Energy Partners LP (NGL) stock

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NYSE: NGL NYSE Oil & Gas Storage & Transportation Next results ~November 3, 2026

D Fundamentals grade

NGL Energy Partners LP is a US-listed company in the oil & gas storage & transportation industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 144% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 144% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

NGL Energy Partners LP valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 1 selling6 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds22 adding, 42 cuttingOf 3 active managers that changed their stake, 1 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter NGL Energy Partners files

Where NGL Energy Partners LP stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.52bn, up 5.8% on a year earlier, against a decline of 9.0% a quarter earlier. That puts it 15 of 18 for growth among the oil & gas storage & transportation companies we cover. Free-cash-flow margin fell to 2.9% from 4.2% a year earlier. Operating margin narrowed to 4.0% from 10.3%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 4 financial-health checks.

Our model value for NGL Energy Partners is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

NGL Energy Partners LP's trailing-twelve-month revenue grew 5.8% year on year, with a free-cash-flow margin of 2.9%. Where it stands out: stock pay as % of revenue of 0.0% ranks 1 of 20 oil & gas storage & transportation companies we cover. Where it lags: net margin of -3.8% ranks 26 of 29 oil & gas storage & transportation companies we cover.

Our discounted-cash-flow model values the business at ~$17 per share in the base case (~$5.6–$31 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 336% in the quarter to 2026-06-30.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 14.8 points higher than a quarter earlier.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 73.8% over 90 days.

Things to watch

  • Margins narrowing. Operating margin is down 6.3 points on a year ago.
  • Volatile shares. Over the past year the shares showed annualised volatility of 53% and a beta of 0.5 against the S&P 500.
  • Below peers: net margin. Net margin of -3.8% ranks 26 of 29 oil & gas storage & transportation companies we cover (median 13.1%).
  • Below peers: operating margin. Operating margin of 4.0% ranks 23 of 27 oil & gas storage & transportation companies we cover (median 28.1%).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.

Latest results: FY2027 Q1

Filed August 4, 2026
Earnings per share
$0.48 against an average estimate of $0.11: beat by 336.4%
Revenue
$990m, up 59.1% on a year earlier
Next report
November 3, 2026

NGL Energy Partners' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.4%
  • 1 week+2.8%
  • 1 month+0.4%
  • This year+63.5%
  • 1 year+153.1%
  • 5 years+650.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.5B
Operating margin
4.0%
Net margin
-3.8%

Growth

Revenue growth
+5.8%
Change in growth rate
+14.8 pts

Cash

Free cash flow (TTM)
$102M
FCF margin
2.9%
Stock pay % of revenue
0.0%

Earnings

Last results
January 18, 2024

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Insider trade

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

NGL Energy Partners LP valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 144% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Our value per share comes from a discounted-cash-flow model of NGL Energy Partners LP's free cash flow after stock-based pay ( $347M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Moat

9 /100

Weak moat

How hard NGL Energy Partners's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -1.7% of total assets over 10 years.

  • Pricing power 1 / 20

    Gross margin has been a median 23.1%, moving by 15.0 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 2.1%; its worst year was -7.7%.

  • Cash conversion 7 / 20

    Free cash flow was positive in 6 of 10 years, at a median 1.1% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $735m for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.38 +143% $3.3bn +5%
Next $1.79 +30% $3.0bn −8%

Next year's EPS estimate has moved +73.8% in 90 days, across 1 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.11 $0.48 +336.4%
Mar 2026 $0.18 −$3.44 −2011.1%
Dec 2025 $0.16 $0.10 −37.5%
Sept 2025 $0.00 $0.02 0.0%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows NGL Energy Partners LP's revenue by -2.5% next year and +0.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (-7.8%, weight 45%) and the company's own record (+2.0%, weight 55%) . How the weights are set.

Analyst recommendations

1 analysts, Oct 2026
Buy00%
Hold1100%
Sell00%

Monthly trend

  1. Oct 202611

Counts of recommendations published by analysts covering NGL Energy Partners LP, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.4%
of tradable shares
Days to cover
16.59
at average volume
Short interest, 1 month
−5%
to September 30, 2026
Held by institutions
61%
of shares
Held by insiders
11.9%
of shares
Employees
449
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
NGL−24%−34%+360%−10%+100%+64%
Industry peers (median)+41%+22%+9%+28%+8%+22%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
NGL33%42%83%50%67%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
NGL−55%−62%−36%−34%−50%−23%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 93% from January 25, 2017 to December 28, 2022. Getting back needed a 1374% gain, reached on April 28, 2026, 1217 days after the low.

Price behaviour

52-week range
$6.77 – $18.97
From 52-week high
−13.8%
vs 50-day average
+0.4%
vs 200-day average
+10.0%
Volatility (1 year)
53%
Beta vs S&P 500
0.45

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±5.9%
After a week
6 up, 6 down
typical move ±9.3%
After a month
5 up, 7 down
typical move ±16.3%
Results releasedNext dayS&P 500 next day5 days21 days
January 18, 2024 +3.2% +2.1% +9.8% +16.4%
January 21, 2021 +14.2% −0.3% +4.6% −3.4%
January 19, 2021 −10.0% +2.2% −5.9% −14.5%
February 6, 2020 −5.4% −0.2% −8.2% −67.3%
November 8, 2019 −1.3% +0.1% −3.5% +3.1%
August 8, 2019 −0.4% +1.3% −7.2% −6.0%
May 30, 2019 +2.1% −1.1% +2.4% +1.6%
February 11, 2019 +10.2% +1.3% +27.5% +22.5%
November 8, 2018 −6.6% −1.2% −12.8% −11.1%
August 7, 2018 +1.1% +0.3% +4.7% −8.5%
May 30, 2018 +0.9% +0.7% +8.0% +17.9%
February 9, 2018 −15.9% +3.0% −16.9% −23.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

NGL Energy Partners LP in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) NGL Energy Partners LP
$2B $3B $4B $5B FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $3.1B Revenue (TTM), FY24 Q3: $2.1B Revenue (TTM), FY24 Q4: $4.2B Revenue (TTM), FY25 Q1: $4B Revenue (TTM), FY25 Q2: $3.8B Revenue (TTM), FY25 Q3: $3.5B Revenue (TTM), FY25 Q4: $3.5B Revenue (TTM), FY26 Q1: $3.3B Revenue (TTM), FY26 Q2: $3.3B Revenue (TTM), FY26 Q3: $3.2B Revenue (TTM), FY26 Q4: $3.2B Revenue (TTM), FY27 Q1: $3.5B $3.5B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $3.1B
FY24 Q3 $2.1B
FY24 Q4 $4.2B
FY25 Q1 $4B
FY25 Q2 $3.8B
FY25 Q3 $3.5B
FY25 Q4 $3.5B
FY26 Q1 $3.3B
FY26 Q2 $3.3B
FY26 Q3 $3.2B
FY26 Q4 $3.2B
FY27 Q1 $3.5B
Revenue growth, TTM YoY NGL Energy Partners LP
-100% -50% 0% 50% 100% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: -66.4% Revenue growth, TTM YoY, FY24 Q3: -76.6% Revenue growth, TTM YoY, FY24 Q4: -26.9% Revenue growth, TTM YoY, FY25 Q1: -2.2% Revenue growth, TTM YoY, FY25 Q2: 21.3% Revenue growth, TTM YoY, FY25 Q3: 64.7% Revenue growth, TTM YoY, FY25 Q4: -16.5% Revenue growth, TTM YoY, FY26 Q1: -16.7% Revenue growth, TTM YoY, FY26 Q2: -13.3% Revenue growth, TTM YoY, FY26 Q3: -10.2% Revenue growth, TTM YoY, FY26 Q4: -9.0% Revenue growth, TTM YoY, FY27 Q1: 5.8% 5.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 -66.4%
FY24 Q3 -76.6%
FY24 Q4 -26.9%
FY25 Q1 -2.2%
FY25 Q2 21.3%
FY25 Q3 64.7%
FY25 Q4 -16.5%
FY26 Q1 -16.7%
FY26 Q2 -13.3%
FY26 Q3 -10.2%
FY26 Q4 -9.0%
FY27 Q1 5.8%
Operating margin (TTM) NGL Energy Partners LP
0% 5% 10% 15% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: 8.0% Operating margin (TTM), FY24 Q3: 11.4% Operating margin (TTM), FY24 Q4: 3.9% Operating margin (TTM), FY25 Q1: 4.3% Operating margin (TTM), FY25 Q2: 4.5% Operating margin (TTM), FY25 Q3: 4.2% Operating margin (TTM), FY25 Q4: 9.5% Operating margin (TTM), FY26 Q1: 10.3% Operating margin (TTM), FY26 Q2: 11.0% Operating margin (TTM), FY26 Q3: 12.0% Operating margin (TTM), FY26 Q4: 3.0% Operating margin (TTM), FY27 Q1: 4.0% 4.0%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 8.0%
FY24 Q3 11.4%
FY24 Q4 3.9%
FY25 Q1 4.3%
FY25 Q2 4.5%
FY25 Q3 4.2%
FY25 Q4 9.5%
FY26 Q1 10.3%
FY26 Q2 11.0%
FY26 Q3 12.0%
FY26 Q4 3.0%
FY27 Q1 4.0%
FCF margin (TTM) NGL Energy Partners LP
0% 5% 10% 15% 20% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 15.3% FCF margin (TTM), FY24 Q3: 14.8% FCF margin (TTM), FY24 Q4: 5.4% FCF margin (TTM), FY25 Q1: 4.6% FCF margin (TTM), FY25 Q2: 0.3% FCF margin (TTM), FY25 Q3: 3.1% FCF margin (TTM), FY25 Q4: 3.1% FCF margin (TTM), FY26 Q1: 4.2% FCF margin (TTM), FY26 Q2: 8.9% FCF margin (TTM), FY26 Q3: 5.8% FCF margin (TTM), FY26 Q4: 4.6% FCF margin (TTM), FY27 Q1: 2.9% 2.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 15.3%
FY24 Q3 14.8%
FY24 Q4 5.4%
FY25 Q1 4.6%
FY25 Q2 0.3%
FY25 Q3 3.1%
FY25 Q4 3.1%
FY26 Q1 4.2%
FY26 Q2 8.9%
FY26 Q3 5.8%
FY26 Q4 4.6%
FY27 Q1 2.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2012 Mar 2012 2013 Mar 2013 2014 Mar 2014 2015 Mar 2015 2016 Mar 2016 2017 Mar 2017 2018 Mar 2018 2019 Mar 2019 2020 Mar 2020 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026 LTM Jun 2026
Income
Revenue 1.3 4.4 9.7 16.8 11.7 12.7 16.9 24.0 7.6 5.2 7.9 5.7 4.2 3.5 3.2 3.5
Gross profit 0.1 0.4 0.6 0.8 0.9 0.5 10.6 16.0 1.0 0.7 0.8 1.0 1.0 1.0 1.0 1.0
EBITDA 0.0 0.2 0.2 0.3 0.1 0.4 0.4 0.3 0.3 −0.1 0.4 0.5 0.4 0.6 0.4 0.4
Operating income 0.0 0.1 0.1 0.1 −0.1 0.2 0.2 0.1 −0.0 −0.4 0.1 0.2 0.2 0.3 0.1 0.1
Net income 0.0 — 0.0 0.0 −0.2 0.1 −0.1 0.4 −0.4 −0.6 −0.2 0.1 −0.1 0.0 −0.1 −0.1
Diluted EPS $0.32 — — — — — — — — — — — — — — —
Growth (year on year)
Revenue — +237.1% +119.6% +73.2% −30.1% +8.2% +33.1% +42.1% −68.4% −31.1% +52.1% −28.5% −26.9% −16.5% −9.0% +5.8%
EBITDA — +411.6% +45.1% +32.9% — — +1.6% −14.5% — −121.8% — +37.2% −16.9% +34.4% −39.1% −34.9%
Operating income — — — — — — — — — — — — −33.6% +103.4% −71.2% −58.6%
Net income — — — — — — — — — — — — — — — −234.4%
Margins
Gross margin 7.1% 8.6% 5.8% 5.0% 7.7% 3.8% 63.0% 66.8% 12.9% 14.0% 10.2% 17.4% 23.3% 27.7% 30.9% 29.5%
EBITDA margin 2.5% 3.7% 2.5% 1.9% 1.2% 3.2% 2.4% 1.5% 3.6% −1.1% 4.9% 9.4% 10.7% 17.2% 11.5% 11.4%
Operating margin 1.1% 2.0% 1.1% 0.6% −0.9% 1.6% 1.1% 0.5% −0.0% −7.5% 1.0% 4.3% 3.9% 9.5% 3.0% 4.0%
Net margin 0.6% — 0.5% 0.2% −1.7% 1.1% −0.4% 1.5% −5.2% −12.2% −2.3% 0.9% −3.5% 1.1% −4.5% −3.8%
Free-cash-flow margin −8.4% −4.4% −3.2% −4.2% −3.7% −2.9% 0.0% −0.5% −1.2% 2.2% 0.8% 5.2% 5.4% 1.5% 4.6% 2.9%
Cash flow
Cash from operations 0.1 0.1 0.1 0.3 0.4 −0.0 0.1 0.3 0.5 0.3 0.2 0.4 0.4 0.3 0.4 0.4
Capital spending 0.2 0.3 0.4 1.0 0.8 0.3 0.1 0.5 0.6 0.2 0.1 0.1 0.2 0.2 0.2 0.3
Free cash flow −0.1 −0.2 −0.3 −0.7 −0.4 −0.4 0.0 −0.1 −0.1 0.1 0.1 0.3 0.2 0.1 0.1 0.1
Stock-based pay — 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 −0.0 0.0 0.0 0.0 0.0 —
Free cash flow after stock pay — −0.2 −0.3 −0.7 −0.5 −0.4 −0.0 −0.2 −0.1 0.1 0.1 0.3 0.2 0.1 0.1 —
Balance sheet
Cash 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total debt 0.2 0.7 1.6 2.7 2.9 3.0 2.7 2.2 3.2 3.4 3.4 2.9 2.9 3.0 3.3 3.3
Net debt (negative = net cash) 0.2 0.7 1.6 2.7 2.9 3.0 2.7 2.2 3.1 3.4 3.4 2.9 2.9 3.0 3.3 3.3
Returned to shareholders
Buybacks — — 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total returned — — 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 4 checks passed · June 30, 2026
What it owns · $4.2bn
Short-term assets $738mLonger-term assets $3.4bn
What it owes, and who funded it · $645m
Short-term liabilities $645m
  • Short-term assets cover short-term liabilities $738m of assets due within a year against $645m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $5m of cash against $3.3bn of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $410m of operating cash flow against $3.3bn of debt.
  • Operating profit covers interest at least five times over Operating income of $143m against $259m of interest.

From NGL Energy Partners LP's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q1 TTM
Buybacks (TTM)
$39.6M
Returned to shareholders
39%
of free cash flow
Buybacks, last 3 fiscal years
$49.9M
Total shareholder yield
1.9%
dividends 0.0% + buybacks 1.9% of market value

Competitors: side by side with peers

Closest by revenue in oil & gas storage & transportation
Last 12 months unless stated NGL WES PBA SOBO FRO GEL Median
Revenue, last 12 months $3.5bn $4.3bn $5.6bn $2.0bn $2.0bn $1.8bn $2.0bn
Revenue growth, last 12 months 5.8% 18.0% 3.3% −6.3% −8.8% 16.6% 8.8%
Revenue growth, 3-year average −4.9% 11.9% — — — −15.4% 4.0%
Revenue growth, latest quarter 59.1% 30.0% — — — 41.0% 10.7%
Gross margin 29.5% 82.1% 41.1% 84.2% — — 42.6%
Operating margin 4.0% 40.2% 36.1% 51.5% 30.4% 19.1% 27.3%
Operating margin, 3-year average 6.2% 47.1% 27.7% — — 15.0% 20.8%
Net margin −3.8% 29.6% 21.8% 21.8% 19.2% 4.3% 13.1%
Cash from operations / revenue 11.6% 49.2% 42.4% 36.1% 34.6% 24.2% 29.5%
Free-cash-flow margin 2.9% 28.1% — 27.1% 34.0% 18.5% 11.8%
Free-cash-flow margin, 3-year average 3.9% 33.2% — — — −4.4% 8.8%
Stock pay / revenue 0.0% 1.3% 1.2% — 0.3% 0.7% 0.5%
Change in share count — — 1.4% 0.3% 0.0% −0.0% 0.2%

Median of all 29 companies we cover in oil & gas storage & transportation. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 oil & gas storage & transportation companies
Measure Company Peer median Rank
Revenue growth Growth 5.8% 8.8% 20 of 29
Change in growth rate Growth +14.8pp +0.5pp 6 of 29
Gross margin Profitability 29.5% 35.5% 9 of 15
Operating margin Profitability 4.0% 28.1% 23 of 27
Net margin Profitability -3.8% 13.1% 26 of 29
Free-cash-flow margin Cash generation 2.9% 13.6% 22 of 28
Stock pay as % of revenue Cash generation 0.0% 0.8% 1 of 20
Long-term debt as % of assets Balance sheet 78.1% 46.2% 22 of 26

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to March 31, 2026
Products and services
Line of business Revenue Share YoY
Products $2.4B 75.9% ▼ 12.6%
Services $760M 24.1% ▲ 4.6%

From NGL Energy Partners LP's 10-K filed May 28, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.2B
Institutions reporting
86
Shares held vs prior quarter
▲ 3.5%
Positions opened / closed
2 / 14

Top buyers and sellers, Q2 2026: 22 institutions bought and 42 sold ; the biggest buyer was Mirae Asset Global Etfs Holdings Ltd (+1.4M shares) and the biggest seller Natixis (−365K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Invesco Ltd. $312M 19.6M 26.0% 0.0%
Morgan Stanley $162M 10.2M 13.5% ▲ 3.9%
Goldman Sachs Group Inc $136M 8.5M 11.4% ▲ 5.2%
Bank Of America Corp $127M 8.0M 10.6% ▼ 3.7%
Tpg Gp A, LLC $92.1M 5.8M 7.7% ▼ 2.5%
ING Groep NV $86.4M 5.4M 7.2% ▲ 2.1%
Citigroup Inc $68.6M 4.3M 5.7% ▲ 41.7%
Jpmorgan Chase & Co $45.3M 2.8M 3.8% ▼ 8.7%
Nomura Holdings Inc $39.8M 2.5M 3.3% ▲ 13.5%
Mirae Asset Global Etfs Holdings Ltd. $22.3M 1.4M 1.9% ▲ 1400428.0%
Prescott Group Capital Management, L.L.C. $16.4M 1.0M 1.4% 0.0%
Fractal Investments LLC $13.3M 832K 1.1% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not NGL Energy Partners LP's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $5.8M 6 trades by 2 insiders, last 12 months Insider sales History → $5.1M 1 trade by 1 insider · 0% under pre-set plans
Net ▲ $650,003 net buying
Insider Date Trade Shares Price Value
Collingsworth James M Director August 27, 2026 Buy 2,289 $17.00 $38,913
Collingsworth James M Director August 26, 2026 Buy 200 $16.96 $3,392
Krimbill H Michael Chief Executive Officer August 25, 2026 Sell 300,000 $17.00 $5.1M
Raymond John T Director August 25, 2026 Buy 300,000 $16.98 $5.1M
Collingsworth James M Director August 25, 2026 Buy 10,808 $16.82 $181,791
Raymond John T Director August 24, 2026 Buy 25,500 $16.22 $413,610
Raymond John T Director August 21, 2026 Buy 1,126 $16.25 $18,298

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 105 trades and filings

No trades in NGL Energy Partners LP disclosed in the last 12 months; 105 earlier trades on record.

  • Mark E. Green(R-TN 7):Sale (full), $15,001 - $50,000, traded February 28, 2025, filed March 5, 2025
  • Mark E. Green(R-TN 7):Sale (full), $100,001 - $250,000, traded February 18, 2025, filed February 28, 2025
  • Mark E. Green(R-TN 7):Sale (full), $250,001 - $500,000, traded February 3, 2025, filed February 6, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around April 22, 2024 estimated from the company's past filing pattern, not announced

  • January 18, 2024
  • January 21, 2021
  • January 19, 2021
  • February 6, 2020
  • November 8, 2019
  • August 8, 2019

Recent SEC filings

Data status

When each part of this page on NGL Energy Partners LP was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

NGL Energy Partners LP in brief

What does NGL Energy Partners LP do?
NGL Energy Partners LP is a US-listed company in the oil & gas storage & transportation industry. Its financial year ends in March.
What is NGL Energy Partners LP's stock ticker?
NGL Energy Partners LP trades under the ticker NGL on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is NGL Energy Partners LP's revenue, and how fast is it growing?
Over its most recent trailing twelve months, NGL Energy Partners LP reported revenue of $3.5B, 5.8% higher than a year earlier, according to its SEC filings.
What is NGL Energy Partners LP's free cash flow?
NGL Energy Partners LP's free-cash-flow margin is 2.9% of revenue over the trailing twelve months, ranking 22 of the 28 oil & gas storage & transportation companies we cover.
Who are NGL Energy Partners LP's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Invesco Ltd., Morgan Stanley and Goldman Sachs Group Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Who are NGL Energy Partners LP's competitors?
In our Oil & Gas Storage & Transportation peer group, the companies closest to NGL Energy Partners LP are Western Midstream Partners, LP, Pembina Pipeline Corp, South Bow Corp, Frontline plc and Genesis Energy LP. The side-by-side comparison below sets their revenue, margins and growth against NGL Energy Partners LP's.
Are insiders buying or selling NGL Energy Partners LP stock?
Over the last 12 months, NGL Energy Partners LP's directors and officers reported 6 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is NGL Energy Partners LP's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — NGL Energy Partners LP announces its own schedule.