What is the 13F Pro Quality Score for NGL?

13F Pro ranks NGL Energy Partners LP (NGL) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View NGL's current score at https://13fpro.ai/company/NGL (free sign-up required for the full ranking).

Which hedge funds own the most NGL stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of NGL include Invesco Ltd., MORGAN STANLEY, GOLDMAN SACHS GROUP. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/NGL as soon as new 13F filings post.

Where does 13F Pro source NGL data?

All NGL Energy Partners LP fundamentals and ownership data come directly from SEC EDGAR. NGL Energy Partners LP files with the SEC under CIK 1504461. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is NGL in?

NGL Energy Partners LP (NGL) is classified in the Energy sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/energy.

What drives NGL's revenue?

Per NGL Energy Partners LP's latest 10-K filed with the SEC on 2026-05-28, the biggest revenue drivers are: Water Solutions ($838.9M, +11% YoY); Crude Oil Logistics ($1,054.6M, +20% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/NGL.

What are NGL's largest expenses?

NGL Energy Partners LP's latest 10-K reports these as the largest expense items: Cost of Sales ($2,182.2M, -13% YoY); Interest Expense ($257.5M, -8% YoY); Depreciation and Amortization ($254.8M, +0% YoY). Sourced directly from SEC EDGAR filing text for FY2026 (year ended March 31, 2026).

How often is NGL research updated on 13F Pro?

NGL's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

NGL Energy Partners LP(NGL)Stock Analysis

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SEC EDGAR: CIK 1504461 NGL stock profile & AI dashboard →

13F Pro Quality Score

42.2/100

Rank #2,029 of 2,962 stocks

View Energy peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

26.9/100

Profitability

22.6/100

Balance Sheet

25.8/100

Earnings Quality

66.3/100

Free Cash Flow

35.2/100

Institutional Flow

50.7/100

Revenue Scale

72.9/100

Dilution Risk

80.5/100

Email me the moment this company reports earnings

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Why NGL Scores 42/100

exact factor attribution · 2026-09-11

NGL's composite is driven by scale and earnings quality, held back by revenue growth and profitability. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Scale

+3.4 pts

73th pct

Earnings quality

+1.6 pts

66th pct

Shareholder dilution

+1.5 pts

81th pct

Institutional flow

+0.0 pts

51th pct

Earnings growth

-1.1 pts

29th pct

Free cash flow

-2.2 pts

35th pct

Capital efficiency

-2.4 pts

26th pct

Profitability

-4.1 pts

23th pct

Revenue growth

-4.6 pts

27th pct

Latest change (2026-08-04): 67 → 51 · ↓ Revenue growth 84→10; ↓ Free cash flow 51→36

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

Unusual Activity in NGL

Events flagged as statistical outliers against NGL's own multi-year baseline — not fixed dollar thresholds.

Insider cluster2026-08-27
2 insiders bought $5,750,141 of NGL in 30 days — 4.0σ above this company's 2-year norm
View source filing →
Insider cluster2026-08-26
2 insiders bought $5,711,228 of NGL in 30 days — 4.0σ above this company's 2-year norm
View source filing →
Record insider buy2026-08-25
Largest insider buy on record for NGL: RAYMOND JOHN T (Director) purchased $5,094,000
View source filing →
Score shock2026-08-04
NGL quality score dropped 16 points (67→51) on a new filing
View source filing →

NGL Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for NGL Energy Partners LP (NGL), 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. NGL Energy Partners LP's 13F Pro composite quality score has ranged between 26 and 61 since 2021, currently 42.2 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

What's Driving NGL's Business? Latest 10-K Breakdown

AI-extracted from NGL Energy Partners LP's 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.

Read the full 10-K on SEC EDGAR →Share on X

Revenue

Q2 2026

$990.0M

Net Income

Q2 2026

$78.7M

Free Cash Flow

Q2 2026

$-31.7M

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

-9.0% YoY

$3.16BFY 2026

FY23 $5.68BFY24 $4.15BFY25 $3.47BFY26 $3.16B

Net Income

-461.4% YoY

$-142.3MFY 2026

FY23 $51.4MFY24 $-143.8MFY25 $39.4MFY26 $-142.3M

Operating Income

-71.2% YoY

$94.7MFY 2026

FY23 $244.0MFY24 $161.9MFY25 $329.4MFY26 $94.7M

Total Assets

-9.4% YoY

$4.18BFY 2026

FY23 $5.46BFY24 $5.02BFY25 $4.61BFY26 $4.18B

Total Debt

+9.0% YoY

$3.25BFY 2026

FY23 $2.89BFY24 $2.86BFY25 $2.98BFY26 $3.25B

Op. Cash Flow

+23.0% YoY

$366.0MFY 2026

FY23 $445.2MFY24 $376.2MFY25 $297.5MFY26 $366.0M

Free Cash Flow

+180.1% YoY

$144.7MFY 2026

FY23 $297.4MFY24 $223.9MFY25 $51.6MFY26 $144.7M

Metric	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	$3.16B -9.0%	$3.47B -16.5%	$4.15B -26.9%	$5.68B -28.5%	$7.95B +52.1%	$5.23B
Net Income	$-142.3M -461.4%	$39.4M +127.4%	$-143.8M -379.8%	$51.4M +127.8%	$-184.8M +71.1%	$-639.8M
Operating Income	$94.7M -71.2%	$329.4M +103.4%	$161.9M -33.6%	$244.0M +193.8%	$83.0M +121.3%	$-390.8M
Total Assets	$4.18B -9.4%	$4.61B -8.2%	$5.02B -8.0%	$5.46B -10.1%	$6.07B +2.1%	$5.95B
Total Debt	$3.25B +9.0%	$2.98B +4.3%	$2.86B -1.0%	$2.89B -13.9%	$3.36B -0.8%	$3.38B
Operating Cash Flow	$366.0M +23.0%	$297.5M -20.9%	$376.2M -15.5%	$445.2M +116.3%	$205.8M -32.3%	$304.0M
Free Cash Flow	$144.7M +180.1%	$51.6M -76.9%	$223.9M -24.7%	$297.4M +368.5%	$63.5M -45.8%	$117.2M

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Available Research

13F Pro tracks comprehensive data for NGL Energy Partners LP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of NGL

Invesco Ltd.
$311.7M19,567,103 sh
MORGAN STANLEY
$162.2M10,180,003 sh
GOLDMAN SACHS GROUP INC
$136.1M8,540,825 sh
BANK OF AMERICA CORP /DE/
$127.0M7,970,709 sh
TPG GP A, LLC
$92.1M5,784,322 sh
ING GROEP NV
$86.4M5,421,803 sh
CITIGROUP INC
$68.6M4,304,817 sh
JPMORGAN CHASE & CO
$45.3M2,833,024 sh
NOMURA HOLDINGS INC
$39.8M2,500,760 sh
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
$22.3M1,400,528 sh

Fund	Value	Shares
Invesco Ltd.	$311.7M	19,567,103
MORGAN STANLEY	$162.2M	10,180,003
GOLDMAN SACHS GROUP INC	$136.1M	8,540,825
BANK OF AMERICA CORP /DE/	$127.0M	7,970,709
TPG GP A, LLC	$92.1M	5,784,322
ING GROEP NV	$86.4M	5,421,803
CITIGROUP INC	$68.6M	4,304,817
JPMORGAN CHASE & CO	$45.3M	2,833,024
NOMURA HOLDINGS INC	$39.8M	2,500,760
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	$22.3M	1,400,528

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Is NGL a good stock to buy?

13F Pro's AI-powered analysis of NGL Energy Partners LP (NGL) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NGL are available on the NGL stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. NGL is classified as a mid company.

Which hedge funds own NGL?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NGL. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NGL Energy Partners LP's investment landscape.