Ngl Energy Partners Lp (NGL) Financials

NGL

Trailing 12 months to June 30, 2026

Revenue $3.5B +5.8% YoY

Net Income -$132.5M -234.4% YoY

Free Cash Flow $101.9M -26.8% YoY

Operating Cash Flow $409.8M +17.5% YoY

Market Cap $2.2B as of Sep 5, 2026

Price / Sales 0.6x on $3.5B revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book n/m no shareholder equity reported

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2027, ended Jun 30, 2026 Reported Aug 4, 2026 Currency USD FYE March

Newest figures come from the 10-Q for Q1 FY2027, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NGL SEC filings page.

Ngl Energy Partners Lp (NGL) reported $3.5B in revenue over the twelve months to Jun 30, 2026, up 5.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NGL FY2026 2026-08-30

NGL's dominant mechanic is margin expansion without dependable earnings conversion, constrained by heavy debt service and reinvestment needs.

By FY2026, gross margin reached 30.9% while operating margin was only 3.0%, showing margin improvement was not flowing consistently through operating costs. Operating income of $95M sat below interest expense of $257M, making financing structure central to the reported net loss.

FY2026 operating cash flow was $366M, but free cash flow was $145M; the gap shows that cash produced by operations did not all remain available after investment. Capital expenditures consumed $221M, making reinvestment a meaningful drain despite positive operating cash flow.

Long-term debt of $3.2B stood against $4.2B of assets, a debt-heavy structure that makes interest burden central to interpreting profitability. The current ratio declined to 1.0x from 1.3x in FY2025, indicating thinner short-term liquidity alongside the heavier debt load.

Financial Health Signals

Financial Health Score 30/100

Scored as: Energy peer group

Scored against energy companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Ngl Energy Partners Lp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Ngl Energy Partners Lp has an operating margin of 3.0%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 50/100, indicating healthy but not exceptional operating efficiency. This is down from 9.5% the prior year.

Growth

Ngl Energy Partners Lp's revenue declined 9.0% year-over-year, from $3.5B to $3.2B. This contraction results in a growth score of 11/100.

Leverage

Liquidity

Ngl Energy Partners Lp's current ratio of 1.05 indicates adequate short-term liquidity, earning a score of 36/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Ngl Energy Partners Lp has a free cash flow margin of 4.6%, earning a moderate score of 40/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Piotroski F-Score Neutral

5/9

Ngl Energy Partners Lp passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

N/A

Ngl Energy Partners Lp reported a net loss of $142.3M while generating $366.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

0.37x

Ngl Energy Partners Lp earns $0.37 in operating income for every $1 of interest expense ($94.7M vs $257.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$990.0M

YoY+59.1%

QoQ+4.3%

Ngl Energy Partners Lp generated $990.0M in revenue in Q1 2027. This represents an increase of 59.1% from the same quarter a year earlier. Against the prior quarter it is up 4.3%.

EBITDA

$212.0M

YoY+26.8%

QoQ+258.3%

Ngl Energy Partners Lp's EBITDA was $212.0M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 26.8% from the same quarter a year earlier. Against the prior quarter it is up 258.3%.

Net Income

$78.7M

YoY+14.2%

QoQ+127.4%

Ngl Energy Partners Lp reported $78.7M in net income in Q1 2027. This represents an increase of 14.2% from the same quarter a year earlier. Against the prior quarter it is up 127.4%.

EPS (Diluted)

Not reported for Q1 2027.

Cash & Balance Sheet

Free Cash Flow

-$31.7M

YoY-386.5%

QoQ-140.5%

Ngl Energy Partners Lp recorded an outflow of $31.7M in free cash flow in Q1 2027, representing a cash shortfall after capex. This represents a decrease of 386.5% from the same quarter a year earlier. Against the prior quarter it is down 140.5%.

Cash & Debt

$5.1M

YoY-6.8%

QoQ-40.4%

5Y CAGR+15.5%

10Y CAGR-7.3%

Ngl Energy Partners Lp held $5.1M in cash against $3.3B in long-term debt as of Q1 2027.

Shares Outstanding

125M

YoY-2.4%

QoQ0.0%

5Y CAGR-0.7%

10Y CAGR+1.7%

Ngl Energy Partners Lp had 125M shares outstanding in Q1 2027. This represents a decrease of 2.4% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q1 2027.

Margins & Returns

Gross Margin

30.9%

YoY-7.6pp

QoQ+8.0pp

Ngl Energy Partners Lp's gross margin was 30.9% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is down 7.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.0 percentage points.

Operating Margin

14.7%

YoY-1.0pp

QoQ+36.4pp

Ngl Energy Partners Lp's operating margin was 14.7% in Q1 2027, reflecting core business profitability. This is down 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 36.4 percentage points.

Net Margin

8.0%

YoY-3.1pp

QoQ+38.3pp

Ngl Energy Partners Lp's net profit margin was 8.0% in Q1 2027, showing the share of revenue converted to profit. This is down 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 38.3 percentage points.

Return on Equity

Not reported for Q1 2027.

Capital Allocation

Share Buybacks

YoY-100.0%

QoQ-100.0%

Ngl Energy Partners Lp repurchased no shares in Q1 2027. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.

Capital Expenditures

$108.8M

YoY+391.5%

QoQ+243.7%

5Y CAGR+18.4%

10Y CAGR-2.5%

Ngl Energy Partners Lp invested $108.8M in capex in Q1 2027, funding long-term assets and infrastructure. This represents an increase of 391.5% from the same quarter a year earlier. Against the prior quarter it is up 243.7%.

R&D Spending

Not reported for Q1 2027.

NGL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NGL quarterly income statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$3.5B	$3.2B-9.0%	$3.5B-16.5%	$4.2B-26.9%	$5.7B-28.5%	$7.9B+52.1%	$5.2B-31.1%	$7.6B-12.7%	$8.7B+25.0%	$7.0B+33.3%	$5.2B-54.5%	$11.5B-31.7%	$16.8B+73.2%	$9.7B+119.6%	$4.4B+237.1%	$1.3B
Cost of Revenue	$2.5B	$2.2B-13.0%	$2.5B-21.3%	$3.2B-32.1%	$4.7B-34.3%	$7.1B+58.9%	$4.5B-32.0%	$6.6B-17.3%	$8.0B+27.5%	$6.3B+32.2%	$4.7B-56.0%	$10.8B-32.6%	$16.0B+74.7%	$9.1B+126.1%	$4.0B+231.9%	$1.2B
Gross Profit	$1.0B	$974.0M+1.2%	$962.1M-0.6%	$967.9M-2.2%	$989.6M+22.4%	$808.6M+10.3%	$733.2M-25.2%	$979.6M+38.7%	$706.1M+2.3%	$690.4M+44.5%	$477.7M-32.4%	$706.9M-16.2%	$843.9M+48.9%	$566.6M+49.6%	$378.7M+305.2%	$93.5M
SG&A Expenses	$73.9M	$70.1M+26.1%	$55.6M-54.3%	$121.6M+70.1%	$71.5M+12.5%	$63.5M-9.8%	$70.5M-38.0%	$113.7M+5.8%	$107.4M+9.6%	$98.0M-2.8%	$100.8M-20.9%	$127.6M-14.6%	$149.4M+97.0%	$75.9M+44.0%	$52.7M+229.2%	$16.0M
Operating Income	$142.6M	$94.7M-71.2%	$329.4M+103.4%	$161.9M-33.6%	$244.0M+193.8%	$83.0M+121.3%	-$390.8M-11627.3%	-$3.3M-102.6%	$126.7M-32.4%	$187.3M-17.3%	$226.5M+252.3%	-$148.7M-238.4%	$107.4M+0.8%	$106.6M+22.1%	$87.3M+480.9%	$15.0M
EBITDA	N/A	$363.5M-39.1%	$596.6M+34.4%	$444.0M-16.9%	$534.1M+37.2%	$389.3M+753.6%	-$59.6M-121.8%	$273.5M-21.5%	$348.4M-14.5%	$407.3M-2.0%	$415.8M+544.5%	$64.5M-79.7%	$317.9M+32.9%	$239.2M+45.1%	$164.8M+411.6%	$32.2M
Interest Expense	$259.0M	$257.5M-8.1%	$280.1M+3.8%	$269.8M-2.0%	$275.4M+1.4%	$271.6M+36.6%	$198.8M+9.7%	$181.2M+10.0%	$164.7M-17.3%	$199.1M+33.1%	$149.6M+12.7%	$132.7M+20.5%	$110.1M+87.1%	$58.9M+78.4%	$33.0M+333.0%	$7.6M
Income Tax	-$393K	-$276K+94.4%	-$4.9M-435.0%	$1.5M+565.8%	$219K-77.4%	$971K+128.6%	-$3.4M-1082.9%	$345K-72.0%	$1.2M-8.9%	$1.4M-30.0%	$1.9M+551.6%	-$428K+88.2%	-$3.6M-486.6%	$937K-50.0%	$1.9M+212.0%	$601K
Net Income	-$132.5M	-$142.3M-461.4%	$39.4M+127.4%	-$143.8M-379.8%	$51.4M+127.8%	-$184.8M+71.1%	-$639.8M-61.2%	-$397.0M-210.3%	$360.0M+608.0%	-$70.9M-151.7%	$137.0M+168.9%	-$198.9M-633.2%	$37.3M-23.5%	$48.8M	N/A	$7.9M

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Revenue	$990.0M+59.1%	$949.5M-2.2%	$909.8M-7.4%	$674.7M-10.8%	$622.2M-18.1%	$971.1M-6.6%	$982.4M-17.8%	$756.5M-24.9%
Cost of Revenue	$684.4M+78.8%	$732.3M+3.2%	$646.1M-12.1%	$421.0M-19.5%	$382.8M-29.0%	$709.4M-12.6%	$735.4M-21.2%	$522.9M-30.5%
Gross Profit	$305.6M+27.7%	$217.3M-17.0%	$263.7M+6.8%	$253.7M+8.6%	$239.3M+8.8%	$261.6M+15.2%	$247.0M-5.8%	$233.6M-8.6%
SG&A Expenses	$17.6M+27.9%	$26.0M	$15.6M+3.9%	$14.7M+21.6%	$13.7M-8.2%	N/A	$15.0M-16.2%	$12.1M-30.7%
Operating Income	$145.3M+49.1%	-$206.6M	$109.7M+29.5%	$94.3M+15.7%	$97.5M+18.7%	N/A	$84.7M-16.8%	$81.5M-5.3%
EBITDA	$212.0M+26.8%	-$133.9M	$171.9M+11.5%	$158.2M+8.0%	$167.2M+13.6%	N/A	$154.2M-10.2%	$146.5M-6.0%
Interest Expense	$67.1M+2.3%	$63.4M	$63.8M+1.2%	$64.7M-16.2%	$65.5M-6.0%	N/A	$63.1M+10.2%	$77.2M+31.6%
Income Tax	-$299K-64.3%	$86K	-$119K+56.6%	-$61K-135.1%	-$182K+96.2%	N/A	-$274K-277.9%	$174K-49.1%
Net Income	$78.7M+14.2%	-$287.7M-2196.2%	$47.2M+249.3%	$29.3M+1093.3%	$68.9M+611.8%	$13.7M+105.8%	$13.5M-70.4%	$2.5M-91.2%

Not reported in any period shown, so not listed: R&D Expenses, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

NGL Balance Sheet

NGL quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$4.2B-9.4%	$4.6B-8.2%	$5.0B-8.0%	$5.5B-10.1%	$6.1B+2.1%	$5.9B-8.5%	$6.5B+10.1%	$5.9B-4.0%	$6.2B-2.7%	$6.3B+13.7%	$5.6B-16.5%	$6.7B+60.5%	$4.1B+81.0%	$2.3B+205.7%	$749.5M
Current Assets	$774.0M-19.6%	$962.1M-18.5%	$1.2B-8.6%	$1.3B-16.4%	$1.5B+53.4%	$1.0B+30.2%	$774.1M-57.3%	$1.8B+0.7%	$1.8B-11.5%	$2.0B+97.7%	$1.0B-37.6%	$1.6B+28.1%	$1.3B+68.8%	$762.0M+283.6%	$198.6M
Cash & Equivalents	$8.5M+50.6%	$5.6M-85.5%	$38.9M+616.4%	$5.4M+42.1%	$3.8M-20.9%	$4.8M-78.7%	$22.7M+22.2%	$18.6M-15.9%	$22.1M+182.3%	$7.8M-68.1%	$24.5M-29.7%	$34.9M+234.2%	$10.4M-9.7%	$11.6M+47.6%	$7.8M
Short-Term Investments	$0-100.0%	$7.9M	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$67.4M-3.7%	$69.9M-34.4%	$106.6M-25.3%	$142.6M-43.2%	$251.3M+58.6%	$158.5M+127.6%	$69.6M-48.8%	$136.1M-15.8%	$161.6M-70.3%	$544.0M+47.9%	$367.8M-16.8%	$442.0M+42.5%	$310.2M+144.4%	$126.9M+34.3%	$94.5M
Accounts Receivable	N/A	N/A	N/A	$1.0B-7.9%	$1.1B+54.7%	$725.9M+28.1%	$566.8M-43.2%	$998.2M+21.7%	$820.6M+8.6%	$755.6M+45.0%	$521.0M-49.2%	$1.0B+16.8%	$877.9M+56.0%	$562.8M+569.9%	$84.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$351.5M-41.4%	$599.3M-2.9%	$617.2M-13.4%	$712.4M-4.3%	$744.4M0.0%	$744.4M-25.1%	$993.6M-10.5%	$1.1B-5.1%	$1.2B-9.1%	$1.3B+8.4%	$1.2B-23.8%	$1.6B+43.6%	$1.1B+95.5%	$555.2M+232.0%	$167.2M
Current Liabilities	$739.5M0.0%	$739.2M-24.4%	$977.3M-12.0%	$1.1B-13.1%	$1.3B+40.2%	$910.8M+7.7%	$845.8M-32.4%	$1.3B+12.1%	$1.1B+17.9%	$946.7M+34.1%	$706.0M-37.0%	$1.1B+14.9%	$974.9M+47.8%	$659.6M+355.5%	$144.8M
Long-Term Debt	$3.2B+8.8%	$3.0B+4.1%	$2.8B-0.5%	$2.9B-14.7%	$3.4B+0.9%	$3.3B+5.5%	$3.1B+45.6%	$2.2B-19.4%	$2.7B-9.4%	$3.0B+1.6%	$2.9B+6.8%	$2.7B+67.3%	$1.6B+120.1%	$740.4M+271.7%	$199.2M

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Total Assets	$4.2B-0.2%	$4.2B-9.4%	$4.4B-9.6%	$4.3B-12.0%	$4.2B-13.5%	$4.6B-8.2%	$4.8B-9.6%	$4.9B-13.1%
Current Assets	$737.6M+26.0%	$774.0M-19.6%	$721.4M-29.0%	$717.9M-28.5%	$585.6M-40.9%	$962.1M-18.5%	$1.0B-24.2%	$1.0B-35.8%
Cash & Equivalents	$5.1M-6.8%	$8.5M+50.6%	$6.5M+14.0%	$8.7M+92.6%	$5.4M+3.3%	$5.6M-85.5%	$5.7M+670.1%	$4.5M+67.7%
Short-Term Investments	$0	$0-100.0%	$0	$0	$0	$7.9M	$0	$0
Inventory	$67.7M-16.9%	$67.4M-3.7%	$78.8M-41.2%	$118.0M-39.1%	$81.5M-48.7%	$69.9M-34.4%	$134.1M-33.5%	$193.9M-22.6%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$351.5M-41.4%	$351.5M-41.4%	$599.3M-5.5%	$599.3M-5.5%	$599.3M-5.5%	$599.3M-2.9%	$634.3M-10.4%	$634.3M-10.4%
Current Liabilities	$644.7M+37.5%	$739.5M0.0%	$646.8M-23.6%	$570.3M-31.2%	$468.7M-45.8%	$739.2M-24.4%	$846.5M-22.2%	$829.0M-36.6%
Long-Term Debt	$3.3B+13.7%	$3.2B+8.8%	$2.9B-5.0%	$2.9B-7.0%	$2.9B-4.9%	$3.0B+4.1%	$3.1B+14.7%	$3.1B+12.2%

Not reported in any period shown, so not listed: Accounts Receivable, Total Liabilities, Non-Current Liabilities, Total Equity, Retained Earnings.

NGL Cash Flow Statement

NGL quarterly cash flow statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$409.8M	$366.0M+23.0%	$297.5M-20.9%	$376.2M-15.5%	$445.2M+116.3%	$205.8M-32.3%	$304.0M-34.5%	$464.1M+37.6%	$337.3M+144.4%	$138.0M+651.0%	-$25.0M-107.1%	$354.3M+35.0%	$262.4M+207.8%	$85.2M-35.7%	$132.6M+46.8%	$90.3M
Depreciation & Amortization	N/A	$268.7M+0.6%	$267.2M-5.3%	$282.1M-2.8%	$290.1M-5.3%	$306.2M-7.5%	$331.2M+19.6%	$276.8M+24.9%	$221.7M+0.8%	$220.0M+16.2%	$189.4M-11.2%	$213.2M+1.3%	$210.5M+58.7%	$132.7M+71.1%	$77.5M+351.0%	$17.2M
Stock-Based Compensation	N/A	$11.2M	$0-100.0%	$1.1M-59.6%	$2.7M+358.4%	-$1.1M-115.6%	$6.7M-74.6%	$26.5M-35.9%	$41.4M+17.4%	$35.2M-33.6%	$53.1M+3.0%	$51.6M+57.4%	$32.8M+133.2%	$14.1M+62.1%	$8.7M	N/A
Capital Expenditures	$307.9M	$221.3M-10.0%	$245.8M+61.4%	$152.3M+3.1%	$147.8M+3.8%	$142.4M-23.8%	$186.8M-66.4%	$555.7M+22.0%	$455.6M+240.6%	$133.8M-55.8%	$302.8M-61.7%	$791.1M-18.4%	$969.8M+148.0%	$391.0M+19.6%	$326.9M+63.1%	$200.5M
Free Cash Flow	$101.9M	$144.7M+180.1%	$51.6M-76.9%	$223.9M-24.7%	$297.4M+368.5%	$63.5M-45.8%	$117.2M+227.9%	-$91.7M+22.5%	-$118.3M-2913.5%	$4.2M+101.3%	-$327.8M+25.0%	-$436.9M+38.2%	-$707.4M-131.4%	-$305.8M-57.4%	-$194.3M-76.4%	-$110.1M
Investing Cash Flow	-$311.2M	-$16.5M+86.6%	-$122.8M-46.6%	-$83.8M-230.5%	$64.2M+130.2%	-$212.4M+4.1%	-$221.5M+84.6%	-$1.4B-417.3%	$453.5M+67.6%	$270.6M+174.5%	-$363.1M+18.5%	-$445.3M	N/A	N/A	N/A	N/A
Financing Cash Flow	-$98.9M	-$346.6M-66.7%	-$207.9M+19.7%	-$258.9M+49.0%	-$507.8M-9240.7%	$5.6M+105.5%	-$100.4M-110.3%	$978.8M+223.2%	-$794.2M-101.4%	-$394.3M-206.1%	$371.5M+360.3%	$80.7M	N/A	N/A	N/A	N/A
Share Buybacks	$39.6M	$47.6M+2141.3%	$2.1M+2431.0%	$84K-15.2%	$99K+10.0%	$90K-50.5%	$182K-88.9%	$1.6M+453.5%	$297K-98.1%	$15.8M	$0-100.0%	$17.7M	$0	$0	N/A	N/A

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Operating Cash Flow	$77.0M+132.0%	$110.0M-29.0%	$182.3M+18.5%	$40.5M+502.1%	$33.2M+283.9%	$155.0M+1.8%	$153.8M+65.7%	$6.7M-91.2%
Depreciation & Amortization	$66.7M-4.4%	$66.3M-2.3%	$62.3M-10.5%	$64.0M-1.6%	$69.8M+7.2%	$67.8M-2.0%	$69.6M-0.4%	$65.0M-6.8%
Stock-Based Compensation	$2.0M	N/A	N/A	N/A	$0	N/A	N/A	N/A
Capital Expenditures	$108.8M+391.5%	$31.6M-16.4%	$136.6M+7933.5%	$30.9M-79.1%	$22.1M+1201.7%	$37.9M+16.8%	$1.7M-95.7%	$147.8M+231.2%
Free Cash Flow	-$31.7M-386.5%	$78.4M-33.1%	$45.7M-69.9%	$9.5M+106.7%	$11.1M+156.0%	$117.2M-2.2%	$152.1M+184.9%	-$141.1M-550.2%
Investing Cash Flow	-$95.6M-148.0%	-$64.1M-1019.1%	-$132.0M-95.6%	-$19.5M+75.0%	$199.1M+605.8%	-$5.7M+83.4%	-$67.5M-1006.6%	-$77.8M-40.7%
Financing Cash Flow	$15.1M+106.5%	-$43.9M+70.6%	-$52.5M+38.4%	-$17.7M-125.2%	-$232.6M-431.0%	-$149.3M-87.5%	-$85.1M+16.7%	$70.3M+372.9%
Share Buybacks	$0-100.0%	$2.8M	$15.7M	$21.0M+887.8%	$8.1M	$0	$0-100.0%	$2.1M

Not reported in any period shown, so not listed: Dividends Paid.

NGL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NGL quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	30.9%+3.1pp	27.7%+4.4pp	23.3%+5.9pp	17.4%+7.3pp	10.2%-3.9pp	14.0%+1.1pp	12.9%+4.8pp	8.1%-1.8pp	9.9%+0.8pp	9.2%+3.0pp	6.2%+1.1pp	5.0%-0.8pp	5.8%-2.7pp	8.6%+1.4pp	7.1%
Operating Margin	3.0%-6.5pp	9.5%+5.6pp	3.9%-0.4pp	4.3%+3.3pp	1.0%+8.5pp	-7.5%-7.4pp	0.0%-1.5pp	1.5%-1.2pp	2.7%-1.7pp	4.3%+5.6pp	-1.3%-1.9pp	0.6%-0.5pp	1.1%-0.9pp	2.0%+0.8pp	1.1%
Net Margin	-4.5%-5.6pp	1.1%+4.6pp	-3.5%-4.4pp	0.9%+3.2pp	-2.3%+9.9pp	-12.2%-7.0pp	-5.2%-9.4pp	4.1%+5.2pp	-1.0%-3.7pp	2.6%+4.4pp	-1.7%-1.9pp	0.2%-0.3pp	0.5%	N/A	0.6%
Return on Assets	-3.4%-4.3pp	0.9%+3.7pp	-2.9%-3.8pp	0.9%+4.0pp	-3.0%+7.7pp	-10.8%-4.7pp	-6.1%-12.2pp	6.1%+7.2pp	-1.1%-3.3pp	2.2%+5.8pp	-3.6%-4.1pp	0.6%-0.6pp	1.2%	N/A	1.1%
Current Ratio	1.05-0.3x	1.30+0.1x	1.210.0x	1.160.0x	1.21+0.1x	1.11+0.2x	0.92-0.5x	1.45-0.2x	1.61-0.5x	2.15+0.7x	1.460.0x	1.47+0.2x	1.32+0.2x	1.16-0.2x	1.37
Asset Turnover	0.760.0x	0.75-0.1x	0.83-0.2x	1.04-0.3x	1.31+0.4x	0.88-0.3x	1.17-0.3x	1.47+0.3x	1.13+0.3x	0.83-1.2x	2.06-0.5x	2.52+0.2x	2.34+0.4x	1.93+0.2x	1.75
FCF Margin	4.6%+3.1pp	1.5%-3.9pp	5.4%+0.2pp	5.2%+4.4pp	0.8%-1.4pp	2.2%+3.5pp	-1.2%+0.1pp	-1.4%-1.4pp	0.1%+6.3pp	-6.3%-2.5pp	-3.8%+0.4pp	-4.2%-1.1pp	-3.1%+1.2pp	-4.4%+4.0pp	-8.4%

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Gross Margin	30.9%-7.6pp	22.9%-4.1pp	29.0%+3.8pp	37.6%+6.7pp	38.5%+9.5pp	26.9%+5.1pp	25.1%+3.2pp	30.9%+5.5pp
Operating Margin	14.7%-1.0pp	-21.8%	12.0%+3.4pp	14.0%+3.2pp	15.7%+4.8pp	N/A	8.6%+0.1pp	10.8%+2.2pp
Net Margin	8.0%-3.1pp	-30.3%-31.7pp	5.2%+3.8pp	4.3%+4.0pp	11.1%+9.8pp	1.4%+24.2pp	1.4%-2.4pp	0.3%-2.5pp
Return on Assets	1.9%+0.2pp	-6.9%-7.2pp	1.1%+0.8pp	0.7%+0.6pp	1.7%+1.5pp	0.3%+5.0pp	0.3%-0.6pp	0.1%-0.5pp
Current Ratio	1.14-0.1x	1.05-0.3x	1.12-0.1x	1.260.0x	1.25+0.1x	1.30+0.1x	1.200.0x	1.210.0x
Asset Turnover	0.24+0.1x	0.230.0x	0.210.0x	0.160.0x	0.150.0x	0.210.0x	0.200.0x	0.150.0x
FCF Margin	-3.2%-5.0pp	8.3%-3.8pp	5.0%-10.5pp	1.4%+20.1pp	1.8%+4.4pp	12.1%+0.5pp	15.5%+11.0pp	-18.7%-21.8pp

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Ngl Energy Partners Lp NGL	FY2026	$3.2B	-$142.3M	-4.5%	$2.2B	30/100
Teekay Corporation Ltd TK	FY2025	$949.5M	$98.1M	10.3%	$1.2B	70/100
Tsakos Energy TEN	FY2025	$798.7M	$160.9M	20.2%	$1.3B	35/100
Nordic American Tankers NAT	FY2025	$291.7M	$12.3M	4.2%	$1.5B	33/100
Navigator Hldgs Ltd NVGS	FY2025	$587.0M	$100.1M	17.1%	$1.4B	60/100

Where Ngl Energy Partners Lp Ranks

Frequently Asked Questions

What is Ngl Energy Partners Lp's annual revenue?

Ngl Energy Partners Lp (NGL) reported $3.2B in total revenue for fiscal year 2026. This represents a -9.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ngl Energy Partners Lp's revenue growing?

Ngl Energy Partners Lp (NGL) revenue declined by 9.0% year-over-year, from $3.5B to $3.2B in fiscal year 2026.

Is Ngl Energy Partners Lp profitable?

No, Ngl Energy Partners Lp (NGL) reported a net income of -$142.3M in fiscal year 2026, with a net profit margin of -4.5%.

What is Ngl Energy Partners Lp's EBITDA?

Ngl Energy Partners Lp (NGL) had EBITDA of $363.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Ngl Energy Partners Lp have?

As of fiscal year 2026, Ngl Energy Partners Lp (NGL) had $8.5M in cash and equivalents against $3.2B in long-term debt.

What is Ngl Energy Partners Lp's gross margin?

Ngl Energy Partners Lp (NGL) had a gross margin of 30.9% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Ngl Energy Partners Lp's operating margin?

Ngl Energy Partners Lp (NGL) had an operating margin of 3.0% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Ngl Energy Partners Lp's net profit margin?

Ngl Energy Partners Lp (NGL) had a net profit margin of -4.5% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Ngl Energy Partners Lp's free cash flow?

Ngl Energy Partners Lp (NGL) generated $144.7M in free cash flow during fiscal year 2026. This represents a 180.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Ngl Energy Partners Lp's operating cash flow?

Ngl Energy Partners Lp (NGL) generated $366.0M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Ngl Energy Partners Lp's total assets?

Ngl Energy Partners Lp (NGL) had $4.2B in total assets as of fiscal year 2026, including both current and long-term assets.

What are Ngl Energy Partners Lp's capital expenditures?

Ngl Energy Partners Lp (NGL) invested $221.3M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Does Ngl Energy Partners Lp buy back shares?

Yes, Ngl Energy Partners Lp (NGL) spent $47.6M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Ngl Energy Partners Lp have outstanding?

Ngl Energy Partners Lp (NGL) had 125M shares outstanding as of fiscal year 2026.

What is Ngl Energy Partners Lp's current ratio?

Ngl Energy Partners Lp (NGL) had a current ratio of 1.05 as of fiscal year 2026, which is considered adequate.

What is Ngl Energy Partners Lp's return on assets (ROA)?

Ngl Energy Partners Lp (NGL) had a return on assets of -3.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Ngl Energy Partners Lp's P/E ratio?

Ngl Energy Partners Lp (NGL) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $2.2B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Ngl Energy Partners Lp's price-to-sales ratio?

Ngl Energy Partners Lp (NGL) trades at 0.6x sales, its market capitalization divided by revenue of $3.5B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.2B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Ngl Energy Partners Lp's Piotroski F-Score?

Ngl Energy Partners Lp (NGL) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ngl Energy Partners Lp's earnings high quality?

Ngl Energy Partners Lp (NGL) reported a net loss of $142.3M while generating $366.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Ngl Energy Partners Lp cover its interest payments?

Ngl Energy Partners Lp (NGL) has an interest coverage ratio of 0.37x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Ngl Energy Partners Lp?

Ngl Energy Partners Lp (NGL) scores 30 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.