NGL Energy Partners LP(NGL)— Stock Profile, AI Score & Financials
Energy · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
NGL Energy Partners LP (NGL) stock profile, AI quality score, and SEC EDGAR financial data, a Energy sector company. 13F Pro's AI-powered ranking engine scores NGL at 42.2/100 on a 32-signal composite quality model, placing it at rank #2,029 of 2,962 stocks — the bottom half of the AI-ranked universe. Areas of concern include profitability (22.6) and balance sheet strength (25.8), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), NGL Energy Partners LP reports quarterly revenue of $990.0M, net income of $78.7M, free cash flow of $-31.7M. Top institutional holders of NGL by reported 13-F value include Invesco Ltd., MORGAN STANLEY, GOLDMAN SACHS GROUP, based on the most recent SEC filings. NGL trades on the NYSE exchange and files with the SEC under CIK 1504461. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NGL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NGL Energy Partners LP directly from SEC EDGAR.
AI Quality Score
42.2/100
AI Rank
#2,029
Revenue
$990.0M
Net Income
$78.7M
Free Cash Flow
$-31.7M
NGL key financials by period
NGL Energy Partners LP reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2026
10-K
$3.2B
$-142.3M
3.0%
FY 2025
10-K
$3.5B
$39.4M
9.5%
FY 2024
10-K
$4.2B
$-143.8M
3.9%
FY 2023
10-K
$5.7B
$51.4M
4.3%
FY 2022
10-K
$7.9B
$-184.8M
1.0%
FY 2021
10-K
$5.2B
$-639.8M
-7.5%
Institutions holding NGL
Institutional investors reporting a position in NGL Energy Partners LP on SEC Form 13F.
AI-extracted from the 10-K filed 2026-05-28 — FY2026 (year ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
NGL Energy Partners reported FY2026 revenue of $3.2B and Adjusted EBITDA (continuing operations) of $660.2M, but posted a net loss of $142.3M driven by a $247.8M goodwill impairment in Crude Oil Logistics and lower margins across segments.
Biggest Revenue Drivers
Water Solutions$838.9M+11% YoY
Higher water disposal revenues from increased produced water volumes processed and higher pipeline revenues from LEX II Expansion.
Crude Oil Logistics$1,054.6M+20% YoY
Higher production on dedicated acreage in DJ Basin, partially offset by lower crude oil prices.
Biggest Revenue Drivers
Total revenue: $3,156.2M-9% YoY
Water Solutions$838.9M+11% YoY
Higher water disposal revenues from increased produced water volumes processed and higher pipeline revenues from LEX II Expansion.
Crude Oil Logistics$1,054.6M+20% YoY
Higher production on dedicated acreage in DJ Basin, partially offset by lower crude oil prices.
Largest Expense Items
Cost of Sales$2,182.2M-13% YoY
Lower commodity costs reflecting reduced volumes from Wholesale Propane Disposition and lower crude oil prices.
Interest Expense$257.5M-8% YoY
Lower ABL Facility balances and lower interest rates on 2024 Term Loan B, partially offset by 2026 Term Loan B issuance.
Depreciation and Amortization$254.8M+0% YoY
Depreciation of newly developed facilities and infrastructure, offset by fully amortized assets.
Margins: Operating income declined $234.6M to $94.7M due primarily to goodwill impairment, lower Crude Oil Logistics margins, and impacts from Wholesale Propane Disposition, partially offset by stronger Water Solutions results. Adjusted EBITDA (continuing operations) increased $37.3M to $660.2M, reflecting operational improvements in Water Solutions despite lower margins in other segments.
Watch Items from the Filing
Goodwill impairment of $247.8M in Crude Oil Logistics (Mar 2026) reflects fair value 30% below carrying value; segment reported operating loss of $226.9M for FY2026.
Wholesale Propane Disposition (Apr 2025) and refined products/biodiesel exits reduce Liquids Logistics revenue ~31% YoY; remaining business concentrated in five owned terminals and leased capacity.
Long-term debt of $3.3B with 2029 and 2032 Senior Secured Notes ($2.2B combined); debt service coverage ratio improved to 2.62x but leverage constraints limit distribution reinstatement; common unit distributions remain suspended since Q2 FY2021.
Water Solutions segment grew Adjusted EBITDA 11% to $602.7M and announced further LEX II expansion (May 2026) to 560,000 bbl/day capacity, underwritten by new long-term volume commitment with investment-grade producer.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
