NGL Energy Partners LP

Listed Company

NGLCIK 0001504461NYSEAcceleratedNatural Gas TransmissionDelawareFY ends Mar 31

Period

FY 2026

Revenue

$3.16B

Net Income

$-142.29M

Total Assets

$4.18B

Equity

—

Shares Out

124.81M

Op. Cash Flow

$365.95M

NGL$15.07+251.28% · past yearDBEQ Basic

Daily closing prices

Business

NGL Energy Partners LP is a master limited partnership providing midstream energy infrastructure services across three operating segments. The Water Solutions segment transports, treats, recycles and disposes of produced and flowback water from oil and gas production, supported by long-term fixed-fee contracts with minimum volume commitments. The Crude Oil Logistics segment purchases and transports crude oil via pipelines and terminals to refineries and trade hubs. The Liquids Logistics segment supplies natural gas liquids to commercial and industrial customers across the United States and Canada through terminals, pipelines and railcar fleets, employing back-to-back contracts and derivatives to manage commodity exposure.

Summary from 10-K filed 2026-05-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Total revenues	3,156	3,469	4,153	5,679	7,948
Total cost of sales	2,182	2,507	3,185	4,689	7,139
Operating	294	298	300	305	286
General and administrative	70	56	122	71	64
Depreciation and amortization	255	255	266	273	289
Loss on disposal or impairment of assets, net	256	31	116	87	94
Revaluation of liabilities	4	−7	3	10	−6
Operating Income	95	329	162	244	83
Equity in earnings of unconsolidated entities	201,000	7	4	4	1
Interest expense	−257	−280	−270	−275	−272
Loss on early extinguishment of liabilities, net	−17	0	−55	—	—
Other income, net	526,000	4	3	30	2
(Loss) Income From Continuing Operations Before Income Taxes	−179	60	−156	9	−183
Income Tax Expense (Benefit)	276,000	5	−1	−219,000	−971,000
(Loss) Income From Continuing Operations	−179	65	−158	9	−184
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	39	−22	15	43	0
Net (Loss) Income	−139	43	−143	52	−184
LESS: NET INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO NONREDEEMABLE NONCONTROLLING INTERESTS	−3	−4	−631,000	−1	—
LESS: NET LOSS (INCOME) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO REDEEMABLE NONCONTROLLING INTERESTS	244,000	−46,000	0	0	—
NET (LOSS) INCOME ATTRIBUTABLE TO NGL ENERGY PARTNERS LP	−142	39	−144	51	−185
Net loss from continuing operations allocated to common unitholders, basic	−445	−57	−298	−117	−289
Net loss from continuing operations allocated to common unitholders, diluted	−445	−57	−298	−117	—
Net income (loss) from discontinued operations allocated to common unitholders, basic	39	−22	15	43	0
Net income (loss) from discontinued operations allocated to common unitholders, diluted	39	−22	15	43	—
NET LOSS ALLOCATED TO COMMON UNITHOLDERS (NOTE 3)	−406	−79	−283	−73	−289

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Cash and cash equivalents	9	6	39	5	4
Accounts receivable, allowance for expected credit loss	2	4	1	1	2
Inventories	67	70	107	143	251
Prepaid expenses and other current assets	37	64	71	98	159
Assets held for sale	0	175	72	0	—
Total current assets	774	962	1,181	1,292	1,546
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of $1,272,286 and $1,104,582, respectively	2,092	2,067	2,095	2,223	2,462
PROPERTY, PLANT AND EQUIPMENT, accumulated depreciation	−1,272	−1,105	−1,011	−898	−887
GOODWILL	352	599	617	712	744
INTANGIBLE ASSETS, net of accumulated amortization of $389,992 and $340,334, respectively	805	851	933	1,059	1,135
INTANGIBLE ASSETS, accumulated amortization	−390	−340	−328	−581	−507
OPERATING LEASE RIGHT-OF-USE ASSETS	113	110	95	90	114
OTHER NONCURRENT ASSETS	40	20	52	58	46
Total assets	4,176	4,609	5,020	5,456	6,070
Accrued expenses and other payables	184	135	173	134	141
Advance payments received from customers	15	10	17	15	8
Current maturities of long-term debt	11	9	7	0	2
Operating lease obligations	33	28	29	34	41
Liabilities held for sale	0	42	2	0	—
Total current liabilities	739	739	977	1,110	1,277
Long-term debt, net	3,223	2,962	2,844	2,858	—
Debt issuance costs, noncurrent, net	−41	−43	−49	−30	−43
OPERATING LEASE OBLIGATIONS	82	85	71	59	73
OTHER NONCURRENT LIABILITIES	137	126	129	111	104
COMMITMENTS AND CONTINGENCIES (NOTE 8)	—	—	—	—	—
REDEEMABLE NONCONTROLLING INTERESTS	559,000	424,000	0	—	—
General partner, representing a 0.1% interest, 123,938 and 132,145 notional units, respectively	−53	−53	−53	−53	−52
Limited partners, representing a 99.9% interest, 123,814,289 and 132,012,766 common units issued and outstanding, respectively	−612	−170	135	456	401
Accumulated other comprehensive income	0	9,000	−499,000	−450,000	−308,000
Noncontrolling interests	21	21	18	17	17
Total (deficit) equity	−297	146	448	767	714
Total liabilities and (deficit) equity	4,176	4,609	5,020	5,456	6,070

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Depreciation and amortization, including amortization of debt issuance costs	269	267	282	290	306
Loss (gain) on early extinguishment or revaluation of liabilities, net	21	−7	58	3	−8
Equity-based compensation expense	11	0	1	3	−1
Change in provision for expected credit losses	503,000	2	466,000	−623,000	929,000
Net adjustments to fair value of derivatives	42	5	12	−19	117
Distributions of earnings from unconsolidated entities	108,000	7	5	5	2
Lower of cost or net realizable value adjustments	55,000	3	29,000	2	15
Other	188,000	−1	3	723,000	2
Accounts receivable and affiliates	−80	114	222	83	−398
Inventories	−7	10	14	91	−120
Other current and noncurrent assets	10	3	53	−5	40
Accounts payable and affiliates	31	−146	−234	−153	405
Other current and noncurrent liabilities	−26	−91	−9	−36	−65
Net cash provided by operating activities-continuing operations	350	257	362	356	206
Net cash provided by operating activities-discontinued operations	16	41	14	90	0
Net cash provided by operating activities	366	297	376	445	206
Capital expenditures	−221	−246	−152	−148	−142
Net settlements of derivatives	−24	−246,000	−6	56	−152
Proceeds from sales of assets	73	43	53	46	19
Proceeds from divestitures of businesses and investments, net	89	72	16	112	63
Investments in unconsolidated entities	0	−106,000	−258,000	−88,000	−350,000
Distributions of capital from unconsolidated entities	0	2	568,000	0	367,000
Net cash used in investing activities-continuing operations	−84	−129	−89	66	−212
Net cash provided by investing activities-discontinued operations	68	6	5	−1	0
Net cash used in investing activities	−16	−123	−84	64	−212
Proceeds from borrowings under ABL Facility	1,080	2,008	1,652	2,007	1,815
Payments on ABL Facility	−1,054	−1,899	−1,790	−1,985	−1,703
Issuance of secured debt	945	0	2,895	0	0
Payments on 2024 Term Loan B	−693	−7	0	0	—
Repayment and repurchase of senior notes	−17	0	−2,781	−479	−83
Proceeds from borrowings on other long-term debt	0	13	0	0	0
Payments on other long-term debt	−2	−1	0	−43	−7
Debt issuance costs	−18	−5	−53	−3	−13
Distributions to preferred unitholders	−113	−305	−178	0	—
Distributions to noncontrolling interest owners	−7	−5	−2	−2	−2
Class D preferred unit repurchases	−423	0	0	—	0
Common unit repurchases and cancellations	−48	−2	−84,000	−99,000	—
Payments to settle contingent consideration liabilities	−155,000	−420,000	−2	−2	−1
Net settlements of derivatives	526,000	977,000	0	0	—
Principal payments of finance lease	−2	−19,000	−16,000	−10,000	0
Net cash used in financing activities	−347	−208	−259	−508	6
Net increase (decrease) in cash and cash equivalents	3	−33	33	2	−1
Cash interest paid	244	299	247	265	255
Distributions declared but not paid to preferred unitholders	19	30	0	0	0
Accrued capital expenditures	21	6	10	8	15

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro

Frequently asked questions

What is NGL Energy Partners LP's CIK number?

NGL Energy Partners LP's SEC CIK number is 0001504461 (1504461). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find NGL Energy Partners LP's SEC filings?

All of NGL Energy Partners LP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did NGL Energy Partners LP last report earnings?

NGL Energy Partners LP (NGL) most recently filed an earnings 8-K with the SEC on Jan 18, 2024, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001504461-24-000002). This is NGL Energy Partners LP's most recent earnings filing of record — not a forecast of its next earnings date.

What is NGL Energy Partners LP's most recent earnings 8-K?

NGL Energy Partners LP's latest earnings 8-K (Item 2.02) was filed Jan 18, 2024 under accession 0001504461-24-000002. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View NGL Energy Partners LP's latest earnings 8-K →
Look up any company's CIK number →