YouTube · Q1 2026 · 2026-06-02
NGL · NYSE
NGL ENERGY PARTNERS LP
Oil & Gas Midstream · United States
USD 16.05-2.9% daily changeQuote 2026-09-18 · USD
- Market cap (USD)
- US$2.00B
- Trailing P/E
- —
- Forward P/E
- —
- Quarterly revenue growth
- 59.1%
- Trailing net margin
- -3.8%
- Indicated dividend yield
- —
Snapshot 2026-09-20 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-11-03 (provider estimate, not issuer-confirmed).
Company background
NGL Energy Partners LP engages in the crude oil, condensate, natural gas liquids, crude oil and produced water businesses in the United States. It operates through three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from crude oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck washouts; and sells produced water for reuse and recycle, and brackish non-potable water. The Crude Oil Logistics segment purchases crude oil from producers and marketers and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, and transportation services through pipelines and storage tanks. The Liquids Logistics segment offers natural gas liquids to commercial, retail, and industrial customers across the United States and Canada through its five terminals, third-party storage and terminal facilities, nine common carrier pipelines and a fleet of leased railcars. This segment also provides services for marine exports of butane through its facility located in Chesapeake, Virginia; and owns a propane pipeline in Michigan. NGL Energy Holdings LLC serves as the general partner of the company. NGL Energy Partners LP was founded in 1940 and is headquartered in Tulsa, Oklahoma.
Company websiteQ4 FY2026
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Comparable businesses
NGL peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | NGLNGL Energy Partners LPSnapshot 2026-09-20Financial period: 2026-06-30 | BWLPBW LPG LimitedSnapshot 2026-09-20Financial period: 2026-06-30 | FLNGFLEX LNG Ltd.Snapshot 2026-09-20Financial period: 2026-06-30 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$2.00B | US$3.90B | US$1.75B | US$2.82Bn=2 |
| Forward P/EProvider forward earnings estimate | — | — | 15.02x | — |
| EV / EBITDAEnterprise value / trailing EBITDA | 9.00x | 6.84x | 13.18x | 10.01xn=2 |
| Revenue growthLatest quarter vs prior-year quarter | 59.1% | -3.1% | 24.2% | 10.5%n=2 |
| Operating marginLatest reported quarter | 14.9% | 13.8% | 55.7% | 34.7%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | 4.0% | 10.1% | 8.2% | 9.1%n=2 |
| Net debt / EBITDANet debt / trailing EBITDA | 5.09x | 0.92x | 5.84x | 3.38xn=2 |
| Debt / equityTotal debt / positive book equity | — | 0.45x | 2.55x | 1.50xn=2 |
| Trailing P/ETrailing twelve-month earnings | — | 8.73x | 17.06x | 12.90xn=2 |
| Price / bookPrice / positive book equity per share | — | 2.03x | 2.50x | 2.26xn=2 |
| EV / salesEnterprise value / trailing revenue | 1.70x | 1.32x | 8.74x | 5.03xn=2 |
| Earnings growthLatest quarter vs prior-year quarter | 1,128.6% | 243.5% | 159.1% | 201.3%n=2 |
| Gross marginTrailing twelve months | 29.5% | 25.2% | 73.3% | 49.3%n=2 |
| Net marginTrailing twelve months | -3.8% | 12.6% | 28.5% | 20.6%n=2 |
| Return on equityProvider trailing return; positive equity only | — | 25.5% | 14.0% | 19.7%n=2 |
| Free cash flow marginTrailing free cash flow / revenue | 2.3% | 11.1% | 39.7% | 25.4%n=2 |
| Dividend yieldIndicated annual dividend / price | — | 10.1% | 9.3% | 9.7%n=2 |
| Earnings payoutProvider trailing dividend payout | 0.0% | 63.3% | 157.9% | 110.6%n=2 |
| Current ratioCurrent assets / current liabilities | 1.14x | 1.44x | 2.69x | 2.06xn=2 |
| BetaProvider historical market sensitivity | 0.66 | 0.11 | 0.16 | 0.14n=2 |
YouTube · Q1 2026 · 2026-06-02
YouTube · Q2 2026 · 2026-08-19
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
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Financial data & calculation notes
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Earnings-multiple scenario
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Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for NGL
Q4 FY20262026-06-01
NGL Stock: +416% Off Lows — Water Solutions Drives Permian Growth Q4 FY2026
Presentation · 2026-06-01 · YouTube