NGL Energy Partners LP
NGL-PB
New York Stock Exchange25.75
USD
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NGL Energy Partners LP
NGL-PB
(New York Stock Exchange)
Recent
price
25.75
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- NGL Energy Partners LP owns and operates a diversified portfolio of midstream energy assets focused on transportation, storage, blending, marketing, and logistics services for crude oil, natural gas liquids (NGLs), refined products, renewables, and produced water solutions; the company conducts these activities through three primary segments including Water Solutions, which transports, treats, recycles, and disposes of produced and flowback water from oil and natural gas operations while selling produced water for reuse and brackish non-potable water for exploration and production activities primarily in prolific basins such as the Delaware Basin in New Mexico and Texas, DJ Basin in Colorado, and Eagle Ford Basin in Texas; Crude Oil Logistics, which purchases crude oil from producers and marketers for resale and provides storage, blending, and transportation to refineries, pipeline injection stations, storage terminals, barge loading facilities, rail facilities, and trade hubs; and Liquids Logistics, which supplies NGLs including propane and butane, refined petroleum products, and biodiesel to commercial, retail, industrial, and wholesale customers supported by owned and third-party storage facilities, pipelines, railcar terminals, and direct delivery infrastructure. The partnership serves a broad customer base encompassing producers, refiners, marketers, resellers, end-users, and over 350,000 retail propane customers mainly in rural and suburban U.S. markets, with geographic operations spanning key U.S. energy-producing regions and extending into Canada for certain refined products and NGL activities. Founded in 2010 and headquartered in Tulsa, Oklahoma, NGL Energy Partners LP trades on the New York Stock Exchange under the ticker NGL with its Series B preferred units under NGL-PB. In recent developments through fiscal 2025 and into 2026, the company executed strategic non-core asset sales generating approximately $270 million in proceeds including 17 natural gas liquids terminals, the majority of its wholesale propane business, the refined products rack marketing business, ownership in Limestone Ranch within Water Solutions, the Green Bay terminal, and remaining crude railcar fleet, which proceeds funded repayment of asset-based lending facility borrowings, open-market repurchases of 20,000 Class D preferred units at a discount, and debt reduction efforts; Water Solutions achieved record annual disposal volumes, Adjusted EBITDA, and 2.73 million barrels per day processed in Q4 fiscal 2025 representing a 14.2% year-over-year increase driven by higher pipeline revenue from the LEX II pipeline; and the partnership guides fiscal 2026 consolidated Adjusted EBITDA to $615-$625 million adjusted for divested assets alongside $45 million in maintenance capital and $60 million in growth expenditures while pivoting toward high-margin water solutions under long-term fixed-fee contracts with minimum volume commitments and acreage dedications.