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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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Home›Stocks›NGL-PB

NGL-PB

NGL Energy Partners LP

Next earnings ≈ Aug 27, 2026 · est. from filing cadence

Avoid
$25.25
▼ -1.06%
$25.25▲ +29.25%
over 1Y
L $18.83H $25.95
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-1.1%
1W-1.9%
1M-1.4%
3M+1.8%
YTD+6.6%
1Y+29.2%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Avoid
Quality
D
Valuation
Overvalued
Filings
Watch
Avoid
Conviction
Horizon
Medium (3–12mo)

Revenue declined -9.0% YoY.

Revenue (FY2026) $3.16B · FY2026

The read

Weak on both the fundamentals and the price — little to like at the current level.

NGL Energy Partners LP shows $3.16B in FY2026 revenue (-9.0% YoY), a -4.5% net margin.

Weighing against it: revenue declined -9.0% YoY; unprofitable (net margin -4.5%); rich valuation (P/E 78.9).

Financials · annual, by fiscal year

Line itemFY22FY23FY24FY25FY26
Revenue$7.95B$5.68B$4.15B$3.47B$3.16B
Gross profit—————
Operating income$83.0M$244M$162M$329M$94.7M
Net income-$185M$51.4M-$144M$39.4M-$142M
Diluted EPS—————
Net margin-2.3%0.9%-3.5%1.1%-4.5%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$5.03B
EV / EBITDA13.8
EV / Sales1.6
EV / FCF34.8
P / FCF12.5
PEG (trailing)—
Earnings yield-7.9%
FCF yield8.0%

Quality & risk

ROIC (est.)—
Free cash flow$145M
Total debt$3.23B
Net cash-$3.23B
Piotroski F-Score4/8

Capital returns

Buyback yield2.6%
Dividend yield (est.)—
Shareholder yield2.6%
Shares Δ YoY-5.5%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Some governance/structural items recently, but no outright red flags.
  1. 10-K Annual report2026-05-28
  2. 8-K Material agreement2026-03-12
  3. 8-K Officer / director change2026-02-09
  4. 10-Q Quarterly report2026-02-03
  5. DEF 14A Proxy statement2025-12-29
  6. 10-Q Quarterly report2025-11-04
  7. 10-Q Quarterly report2025-08-07
  8. 10-K Annual report2025-05-29
  9. 10-Q Quarterly report2025-02-10

Recent filings

all on EDGAR ↗
10-KPeriod ending 2026-03-312026-05-28open ↗SCHEDULE 13G/AFiling2026-04-27open ↗8-KPeriod ending 2026-03-122026-03-12open ↗S-8Filing2026-02-10open ↗8-KPeriod ending 2026-02-092026-02-09open ↗10-QPeriod ending 2025-12-312026-02-03open ↗DEF 14APeriod ending 2025-12-292025-12-29open ↗PRE 14APeriod ending 2025-12-192025-12-19open ↗SCHEDULE 13G/AFiling2025-11-14open ↗10-QPeriod ending 2025-09-302025-11-04open ↗4Period ending 2025-09-122025-09-16open ↗10-QPeriod ending 2025-06-302025-08-07open ↗

Quality score

D
ValueGrowthProfitHealthMom.
ValueC
GrowthF
ProfitabilityF
Financial healthF
MomentumA
  • ✗Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✗P/E below 25

Fair value est.

$2.58

Overvalued -90% vs price

cheapfair valueexpensive

Modified Graham: EPS $0.32 × (8.5 + 1.5 × 0.0% growth) × 0.95 quality = 8.1× multiple. An estimate, not a price target.

18.3052-week25.25
Revenue
$3.16B
-9.0% YoY
Net margin
-4.5%
ROE
—
P/E
78.9

SEC fundamentals · FY 2026

'22'23'24'25'26

■ revenue · ■ net income, by fiscal year

Revenue$3.16B-9.0%
Net income-$142M-461.4%
Gross profit$93.5M
Operating income$94.7M-71.2%
Diluted EPS$0.32
Cash & equivalents$8.51M+50.6%
Total assets$4.18B-9.4%
Gross: 3.0%Op.: 3.0%

Frequently asked

Is NGL Energy Partners LP (NGL-PB) a buy?
NGL-PB currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Revenue declined -9.0% YoY.
What is NGL-PB's fair value?
A Modified-Graham model based on NGL-PB's SEC fundamentals estimates a fair value of about $2.58. It is an estimate from reported earnings, not a price target.
Is NGL-PB overvalued or undervalued?
Against a Modified-Graham fair-value estimate, NGL-PB currently appears overvalued relative to its SEC-grounded earnings power.
What is NGL Energy Partners LP's quality score?
NGL-PB scores 43.891300940438875/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001504461, latest 10-K filed 2026-05-28) · EODHD · as of 7/4/2026, 8:38:56 AM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC
2025-09-12
COLLINGSWORTH JAMES M
Director
Buy100K @ $5.80$580K
2025-02-14
KRIMBILL H MICHAEL
Chief Executive Officer
Buy14.0K @ $4.78$67.0K
2025-02-14
KRIMBILL H MICHAEL
Chief Executive Officer
Buy45.0K @ $4.80$216K
2025-02-13
KRIMBILL H MICHAEL
Chief Executive Officer
Buy26.0K @ $4.32$112K
2025-02-13
KRIMBILL H MICHAEL
Chief Executive Officer
Buy15.0K @ $4.49$67.4K
2024-02-14
COLLINGSWORTH JAMES M
Director
Buy69.9K @ $5.82$407K
2024-02-13
COLLINGSWORTH JAMES M
Director
Buy30.1K @ $5.81$175K
2023-11-15
REINERS DEREK S
Director
Award12.5K
2023-11-15
COLLINGSWORTH JAMES M
Director
Award12.5K
2023-11-15
Coady Shawn W
Director
Award12.5K
2023-11-15
GUDERIAN BRYAN K
Director
Award12.5K
2023-11-15
McMurray Kurston Patrick
Gen Counsel, Exec. VP & Sec
Tax15.8K @ $3.95$62.3K

Dividends

Quarterly
Yield (TTM)
11.3%
Annual / share
$2.85
Last ex-date
2026-07-01
Last amount
$0.70
ex 2026-07-01paid 2026-07-15$0.70
ex 2026-04-01paid 2026-04-15$0.70
ex 2025-12-31paid 2026-01-15$0.72
ex 2025-10-01paid 2025-10-15$0.74
ex 2025-07-01paid 2025-07-15$0.74
ex 2025-04-01paid 2025-04-15$0.74

Source: EODHD. Yield = trailing-12-month dividends ÷ price.

Earnings history

beat/miss · move
2024-01-18—▲ +0.46%8-K ↗
2021-01-21—▲ +7.13%8-K ↗
2021-01-19—▼ -2.31%8-K ↗
2020-02-06—▼ -0.12%8-K ↗
2019-11-08—▼ -1.24%8-K ↗
2019-08-08—▼ -0.16%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
NGL Energy Partners LP Announces Quarterly Cash Distribution for the Class B, Class C, and Class D Preferred UnitsBullish
finance.yahoo.com· 2026-06-17
NGL Energy Partners (NGL) Stock Jumps 5.6%: Will It Continue to Soar?Bullish
finance.yahoo.com· 2026-06-15
Assessing NGL Energy Partners (NGL) Valuation After A Recent Pullback And Mixed PerformanceBullish
finance.yahoo.com· 2026-06-08
NGL Q4 Earnings Call Centers on Water-Led GrowthBullish
finance.yahoo.com· 2026-06-02
NGL Energy Partners LP (NGL) Q4 2026 Earnings Call Highlights: Record Water Solutions ...Bullish
finance.yahoo.com· 2026-05-29
NGL Energy Partners LP Announces Fourth Quarter and Full Year Fiscal 2026 Financial Results; Guidance for Fiscal 2027Bullish
finance.yahoo.com· 2026-05-28

Vs tracked universe

compare →

1195 tracked peers · median

EDGAR Score44 vs 67
Revenue growth-9.0% vs 7.5%
Net margin-4.5% vs 10.0%
Return on equity— vs 12.0%
P/E78.9 vs 26.2