NGL Energy Partners (NGL) Financials

$2.92 -0.21 (-6.57%)

Closing price 03:59 PM Eastern

Extended Trading

$2.85 -0.06 (-2.23%)

As of 06:33 PM Eastern

Annual Income Statements for NGL Energy Partners

This table shows NGL Energy Partners' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-185	51	-144
Consolidated Net Income / (Loss)	-184	52	-143
Net Income / (Loss) Continuing Operations	-184	52	-143
Total Pre-Tax Income	-183	53	-141
Total Operating Income	83	289	178
Total Gross Profit	809	1,045	990
Total Revenue	7,948	8,695	6,957
Operating Revenue	7,948	8,695	6,957
Total Cost of Revenue	7,139	7,650	5,967
Operating Cost of Revenue	7,139	7,650	5,967
Total Operating Expenses	726	756	812
Selling, General & Admin Expense	349	386	427
Depreciation Expense	289	274	267
Other Special Charges / (Income)	88	97	119
Total Other Income / (Expense), net	-266	-236	-318
Interest Expense	270	269	325
Interest & Investment Income	1.40	4.12	4.12
Other Income / (Expense), net	2.25	29	2.79
Income Tax Expense	0.97	0.27	2.41
Net Income / (Loss) Attributable to Noncontrolling Interest	0.66	1.11	0.63
Basic Earnings per Share	($2.22)	($0.56)	($2.14)
Weighted Average Basic Shares Outstanding	259.68M	262.01M	264.29M
Diluted Earnings per Share	($2.22)	($0.56)	($2.14)
Weighted Average Diluted Shares Outstanding	259.68M	262.01M	264.29M
Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00

This table shows NGL Energy Partners' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Income / (Loss) Attributable to Common Shareholders	23	3.51	59	-34	19	28	46	-237	9.68	2.45	14
Consolidated Net Income / (Loss)	23	3.61	59	-33	20	28	46	-237	10	3.39	15
Net Income / (Loss) Continuing Operations	23	3.61	59	-33	20	28	46	-237	10	3.39	15
Total Pre-Tax Income	23	4.14	59	-33	20	29	46	-235	5.68	3.67	14
Total Operating Income	87	69	103	30	72	86	102	-82	75	78	75
Total Gross Profit	242	245	279	278	237	263	264	227	214	231	239
Total Revenue	2,497	2,009	2,139	2,049	1,616	1,841	1,870	1,630	1,387	1,353	1,549
Operating Revenue	2,497	2,009	2,139	2,049	1,616	1,841	1,870	1,630	1,387	1,353	1,549
Total Cost of Revenue	2,255	1,764	1,860	1,771	1,379	1,578	1,606	1,403	1,173	1,121	1,310
Operating Cost of Revenue	2,255	1,764	1,860	1,771	-	-	-	1,403	-	1,121	1,310
Total Operating Expenses	155	177	176	248	165	177	162	309	139	154	164
Selling, General & Admin Expense	89	101	99	98	97	95	97	138	88	90	90
Depreciation Expense	67	68	69	70	69	66	66	66	62	62	66
Other Special Charges / (Income)	-0.17	7.65	8.31	81	-1.20	16	-0.79	104	-11	1.51	6.98
Total Other Income / (Expense), net	-64	-65	-44	-64	-52	-57	-56	-153	-69	-74	-61
Interest Expense	66	66	73	65	53	59	57	157	70	77	63
Interest & Investment Income	0.67	1.21	1.21	1.03	0.09	0.85	0.84	2.34	0.30	1.52	1.38
Other Income / (Expense), net	0.65	-0.02	28	0.02	0.31	0.31	0.52	1.66	0.17	1.82	0.49
Income Tax Expense	-0.17	0.54	-0.25	0.16	0.14	0.34	0.15	1.77	-4.80	0.28	-0.27
Net Income / (Loss) Attributable to Noncontrolling Interest	0.25	0.10	0.45	0.32	0.26	0.00	0.00	0.03	0.79	0.94	1.07
Basic Earnings per Share	($0.04)	($0.21)	-	-	($0.11)	($0.05)	$0.08	-	($0.14)	($0.21)	($0.12)
Weighted Average Basic Shares Outstanding	261.39M	261.39M	131.02M	262.01M	263.85M	263.85M	264.44M	264.29M	265.03M	264.55M	264.03M
Diluted Earnings per Share	($0.04)	($0.21)	-	-	($0.11)	($0.05)	$0.08	-	($0.14)	($0.21)	($0.12)
Weighted Average Diluted Shares Outstanding	261.39M	261.39M	134.49M	262.01M	263.85M	263.85M	265.00M	264.29M	265.03M	264.55M	264.03M
Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

This table details how cash moves in and out of NGL Energy Partners' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-1.01	1.61	33
Net Cash From Operating Activities	206	445	376
Net Cash From Continuing Operating Activities	204	446	375
Net Income / (Loss) Continuing Operations	-184	52	-143
Consolidated Net Income / (Loss)	-184	52	-143
Depreciation Expense	306	291	283
Non-Cash Adjustments To Reconcile Net Income	218	104	184
Changes in Operating Assets and Liabilities, net	-137	-1.84	51
Net Cash From Investing Activities	-212	64	-84
Net Cash From Continuing Investing Activities	-212	64	-84
Purchase of Property, Plant & Equipment	-142	-148	-152
Acquisitions	-0.35	-0.09	-0.26
Purchase of Investments	-152	54	-1.02
Sale of Property, Plant & Equipment	19	46	53
Divestitures	63	112	16
Sale and/or Maturity of Investments	0.37	0.00	0.57
Net Cash From Financing Activities	5.56	-508	-259
Net Cash From Continuing Financing Activities	5.56	-508	-259
Repayment of Debt	-1,806	-2,511	-4,624
Repurchase of Common Equity	-0.09	-0.10	-0.08
Payment of Dividends	-1.64	-1.99	-180
Issuance of Debt	1,815	2,007	4,547
Other Financing Activities, net	-1.23	-1.80	-1.59
Cash Interest Paid	255	265	247
Cash Income Taxes Paid	2.48	3.41	3.25

This table details how cash moves in and out of NGL Energy Partners' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Change in Cash & Equivalents	-3.01	3.72	-0.01	0.90	2.36	-5.11	-1.94	38	-34	-0.77	1.19
Net Cash From Operating Activities	2.49	-34	239	238	55	76	93	152	-18	6.72	154
Net Cash From Continuing Operating Activities	2.49	-34	239	239	55	76	93	151	-19	7.35	154
Net Income / (Loss) Continuing Operations	23	3.61	59	-33	20	28	46	-237	10	3.39	15
Consolidated Net Income / (Loss)	23	3.61	59	-33	20	28	46	-237	10	3.39	15
Depreciation Expense	71	72	74	74	73	70	70	70	65	65	70
Non-Cash Adjustments To Reconcile Net Income	46	-12	-6.07	77	-13	33	-14	178	6.62	1.14	7.45
Changes in Operating Assets and Liabilities, net	-137	-98	112	121	-24	-56	-9.13	140	-101	-62	62
Net Cash From Investing Activities	-36	-24	-12	136	-1.44	-55	7.44	-34	28	-78	-67
Net Cash From Continuing Investing Activities	-36	-24	-12	136	-1.44	-55	7.44	-34	28	-78	-67
Purchase of Property, Plant & Equipment	-41	-53	-28	-25	-36	-45	-39	-32	-60	-90	-58
Purchase of Investments	-2.27	22	8.74	26	12	-29	23	-7.94	2.03	11	-11
Sale of Property, Plant & Equipment	6.85	7.20	8.07	24	21	2.78	23	6.71	16	2.68	1.49
Sale and/or Maturity of Investments	-	-	-	-	1.06	-0.57	0.89	-0.81	0.91	-0.67	0.63
Net Cash From Financing Activities	31	62	-227	-374	-51	-26	-102	-80	-44	70	-85
Net Cash From Continuing Financing Activities	31	62	-227	-374	-51	-26	-102	-80	-44	70	-85
Repayment of Debt	-520	-422	-621	-948	-578	-462	-548	-3,036	-222	-347	-1,017
Repurchase of Common Equity	-	-	-	-0.06	-	-	-0.08	-	-	-	-6.93
Payment of Dividends	-0.98	-0.27	-0.27	-0.48	-0.38	-0.57	-0.28	-179	-219	-28	-32
Issuance of Debt	552	485	395	575	528	437	446	3,136	395	448	970
Issuance of Common Equity	-	-	-	-	0.00	-	-	-	1.79	-	0.17
Other Financing Activities, net	-0.36	-0.59	-0.27	-0.59	-0.48	-0.43	-0.32	-0.36	-0.24	0.01	0.28
Cash Interest Paid	34	95	34	102	26	93	17	112	98	69	68
Cash Income Taxes Paid	1.75	0.42	0.92	0.32	1.35	0.70	0.89	0.31	1.52	4.00	0.79

This table presents NGL Energy Partners' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	6,070	5,456	5,020
Total Current Assets	1,546	1,292	1,179
Cash & Equivalents	3.82	5.43	39
Accounts Receivable	1,132	1,034	814
Inventories, net	251	143	131
Prepaid Expenses	159	98	127
Other Current Nonoperating Assets	-	0.00	67
Plant, Property, & Equipment, net	1,575	2,223	2,097
Total Noncurrent Assets	1,597	1,940	1,744
Long-Term Investments	22	21	20
Goodwill	744	712	634
Intangible Assets	628	1,059	940
Other Noncurrent Operating Assets	160	148	150
Total Liabilities & Shareholders' Equity	6,070	5,456	5,020
Total Liabilities	4,805	4,138	4,021
Total Current Liabilities	1,277	1,110	977
Short-Term Debt	2.38	0.00	7.00
Accounts Payable	1,085	928	708
Accrued Expenses	141	134	214
Other Current Liabilities	49	49	48
Other Current Nonoperating Liabilities	-	0.00	0.61
Total Noncurrent Liabilities	3,528	3,027	3,044
Long-Term Debt	3,350	2,858	2,844
Other Noncurrent Operating Liabilities	177	170	200
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	551	551	551
Total Equity & Noncontrolling Interests	714	767	448
Total Preferred & Common Equity	697	751	430
Preferred Stock	0.00	348	348
Total Common Equity	697	403	81
Common Stock	349	403	82
Accumulated Other Comprehensive Income / (Loss)	-0.31	-0.45	-0.50
Noncontrolling Interest	17	17	18

This table presents NGL Energy Partners' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Total Assets	6,238	6,114	5,914	5,306	5,628	5,362	4,840	4,890	4,848
Total Current Assets	1,749	1,643	1,518	1,183	1,564	1,341	990	1,003	1,016
Cash & Equivalents	0.82	4.54	4.53	7.79	2.68	0.74	5.27	4.50	5.68
Accounts Receivable	1,314	1,140	1,140	892	1,158	1,000	752	728	784
Inventories, net	301	345	238	186	251	202	159	194	134
Prepaid Expenses	133	153	136	84	138	123	72	76	86
Other Current Nonoperating Assets	-	-	-	-	-	-	0.00	0.00	4.56
Plant, Property, & Equipment, net	2,456	1,488	1,400	1,276	1,258	2,137	2,125	2,166	2,137
Total Noncurrent Assets	2,033	1,513	1,465	1,352	1,516	1,885	1,724	1,721	1,696
Long-Term Investments	23	22	23	20	21	20	19	20	19
Goodwill	744	744	744	712	708	708	634	634	634
Intangible Assets	1,116	548	516	438	610	1,000	929	916	905
Other Noncurrent Operating Assets	150	162	150	155	153	158	142	151	137
Total Liabilities & Shareholders' Equity	6,238	6,114	5,914	5,306	5,628	5,362	4,840	4,890	4,848
Total Liabilities	4,949	4,822	4,563	3,967	4,262	3,951	4,074	4,154	4,134
Total Current Liabilities	1,392	1,208	1,485	987	1,307	1,088	865	829	846
Short-Term Debt	2.43	2.48	304	-	-	-	7.85	7.87	8.77
Accounts Payable	1,150	994	953	774	1,081	832	628	595	645
Accrued Expenses	-	151	174	159	164	195	176	174	138
Other Current Liabilities	240	61	54	54	63	61	53	53	54
Other Current Nonoperating Liabilities	-	-	-	-	-	-	0.00	0.00	0.00
Total Noncurrent Liabilities	3,557	3,615	3,078	2,981	2,954	2,863	3,210	3,325	3,288
Long-Term Debt	3,385	3,448	2,921	2,804	2,782	2,684	3,018	3,122	3,079
Other Noncurrent Operating Liabilities	172	166	157	177	172	179	191	203	209
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	551	551	551	551	551	551	551	551	551
Total Equity & Noncontrolling Interests	737	741	800	787	815	861	214	185	163
Total Preferred & Common Equity	720	724	784	771	799	845	194	164	141
Preferred Stock	348	0.00	0.00	0.00	0.00	348	348	348	348
Total Common Equity	372	724	784	771	799	497	-154	-185	-207
Common Stock	372	376	436	423	451	497	-154	-185	-207
Accumulated Other Comprehensive Income / (Loss)	-0.36	-0.44	-0.44	-0.43	-0.47	-0.46	-0.52	-0.10	0.01
Noncontrolling Interest	17	16	17	16	16	16	20	22	21

This table displays calculated financial ratios and metrics derived from NGL Energy Partners' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	52.05%	9.40%	-19.99%
EBITDA Growth	507.58%	55.50%	-23.93%
EBIT Growth	119.96%	272.71%	-43.27%
NOPAT Growth	121.25%	394.89%	-56.79%
Net Income Growth	71.20%	128.51%	-372.66%
EPS Growth	60.92%	74.77%	-282.14%
Operating Cash Flow Growth	-32.29%	116.27%	-15.50%
Free Cash Flow Firm Growth	70.27%	-152.68%	182.66%
Invested Capital Growth	-26.93%	29.36%	-10.01%
Revenue Q/Q Growth	-7.89%	-5.28%	-5.68%
EBITDA Q/Q Growth	26.98%	-0.85%	-19.91%
EBIT Q/Q Growth	4,593.93%	-2.52%	-38.11%
NOPAT Q/Q Growth	-73.09%	0.09%	-56.62%
Net Income Q/Q Growth	52.05%	-6.74%	-336.91%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	41.66%	15.39%	-18.63%
Free Cash Flow Firm Q/Q Growth	118.65%	-143.01%	168.30%
Invested Capital Q/Q Growth	-24.07%	38.60%	-8.30%
Profitability Metrics	-	-	-
Gross Margin	10.17%	12.02%	14.23%
EBITDA Margin	4.93%	7.00%	6.66%
Operating Margin	1.04%	3.33%	2.55%
EBIT Margin	1.07%	3.66%	2.59%
Profit (Net Income) Margin	-2.32%	0.60%	-2.06%
Tax Burden Percent	100.53%	99.49%	101.71%
Interest Burden Percent	-214.70%	16.60%	-78.02%
Effective Tax Rate	0.00%	0.51%	0.00%
Return on Invested Capital (ROIC)	1.53%	7.84%	3.16%
ROIC Less NNEP Spread (ROIC-NNEP)	-7.50%	-2.06%	-6.49%
Return on Net Nonoperating Assets (RNNOA)	-18.17%	-3.78%	-15.51%
Return on Equity (ROE)	-16.63%	4.06%	-12.35%
Cash Return on Invested Capital (CROIC)	32.65%	-17.76%	13.70%
Operating Return on Assets (OROA)	1.42%	5.52%	3.44%
Return on Assets (ROA)	-3.06%	0.91%	-2.73%
Return on Common Equity (ROCE)	-9.23%	1.73%	-2.58%
Return on Equity Simple (ROE_SIMPLE)	-26.41%	6.99%	-33.30%
Net Operating Profit after Tax (NOPAT)	58	288	124
NOPAT Margin	0.73%	3.31%	1.79%
Net Nonoperating Expense Percent (NNEP)	9.04%	9.90%	9.65%
Cost of Revenue to Revenue	89.83%	87.98%	85.77%
SG&A Expenses to Revenue	4.39%	4.43%	6.14%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.13%	8.69%	11.68%
Earnings before Interest and Taxes (EBIT)	85	318	180
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	392	609	463
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.83	1.89	18.68
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.07	0.09	0.22
Price to Earnings (P/E)	0.00	14.79	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	6.76%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.40	1.09	1.41
Enterprise Value to Revenue (EV/Rev)	0.56	0.52	0.75
Enterprise Value to EBITDA (EV/EBITDA)	11.42	7.40	11.30
Enterprise Value to EBIT (EV/EBIT)	52.43	14.18	29.01
Enterprise Value to NOPAT (EV/NOPAT)	76.93	15.67	42.09
Enterprise Value to Operating Cash Flow (EV/OCF)	21.73	10.12	13.91
Enterprise Value to Free Cash Flow (EV/FCFF)	3.62	0.00	9.72
Leverage & Solvency	-	-	-
Debt to Equity	2.65	2.17	2.85
Long-Term Debt to Equity	2.65	2.17	2.85
Financial Leverage	2.42	1.84	2.39
Leverage Ratio	5.43	4.46	4.52
Compound Leverage Factor	-11.66	0.74	-3.53
Debt to Total Capital	72.60%	68.43%	74.05%
Short-Term Debt to Total Capital	0.05%	0.00%	0.18%
Long-Term Debt to Total Capital	72.55%	68.43%	73.87%
Preferred Equity to Total Capital	0.00%	8.34%	9.05%
Noncontrolling Interests to Total Capital	12.31%	13.59%	14.79%
Common Equity to Total Capital	15.09%	9.64%	2.12%
Debt to EBITDA	8.56	4.69	6.16
Net Debt to EBITDA	8.50	4.65	6.03
Long-Term Debt to EBITDA	8.56	4.69	6.14
Debt to NOPAT	57.68	9.93	22.93
Net Debt to NOPAT	57.24	9.84	22.46
Long-Term Debt to NOPAT	57.64	9.93	22.88
Altman Z-Score	1.48	1.94	1.78
Noncontrolling Interest Sharing Ratio	44.53%	57.45%	79.12%
Liquidity Ratios	-	-	-
Current Ratio	1.21	1.16	1.21
Quick Ratio	0.89	0.94	0.87
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	1,237	-651	538
Operating Cash Flow to CapEx	166.19%	437.37%	379.78%
Free Cash Flow to Firm to Interest Expense	4.58	-2.42	1.66
Operating Cash Flow to Interest Expense	0.76	1.65	1.16
Operating Cash Flow Less CapEx to Interest Expense	0.30	1.28	0.85
Efficiency Ratios	-	-	-
Asset Turnover	1.32	1.51	1.33
Accounts Receivable Turnover	8.52	8.03	7.53
Inventory Turnover	34.85	38.84	43.63
Fixed Asset Turnover	3.71	4.58	3.22
Accounts Payable Turnover	8.09	7.60	7.30
Days Sales Outstanding (DSO)	42.82	45.46	48.48
Days Inventory Outstanding (DIO)	10.47	9.40	8.37
Days Payable Outstanding (DPO)	45.12	48.01	50.02
Cash Conversion Cycle (CCC)	8.18	6.84	6.83
Capital & Investment Metrics	-	-	-
Invested Capital	3,198	4,137	3,723
Invested Capital Turnover	2.10	2.37	1.77
Increase / (Decrease) in Invested Capital	-1,178	939	-414
Enterprise Value (EV)	4,472	4,507	5,232
Market Capitalization	576	760	1,522
Book Value per Share	$5.36	$3.07	$0.61
Tangible Book Value per Share	($5.20)	($10.42)	($11.27)
Total Capital	4,618	4,176	3,850
Total Debt	3,353	2,858	2,851
Total Long-Term Debt	3,350	2,858	2,844
Net Debt	3,327	2,831	2,792
Capital Expenditures (CapEx)	124	102	99
Debt-free, Cash-free Net Working Capital (DFCFNWC)	268	177	170
Debt-free Net Working Capital (DFNWC)	272	182	209
Net Working Capital (NWC)	269	182	202
Net Nonoperating Expense (NNE)	242	235	267
Net Nonoperating Obligations (NNO)	1,933	2,819	2,724
Total Depreciation and Amortization (D&A)	306	291	283
Debt-free, Cash-free Net Working Capital to Revenue	3.37%	2.03%	2.44%
Debt-free Net Working Capital to Revenue	3.42%	2.10%	3.00%
Net Working Capital to Revenue	3.39%	2.10%	2.90%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($2.22)	($0.56)	($2.14)
Adjusted Weighted Average Basic Shares Outstanding	129.84M	131.01M	264.29M
Adjusted Diluted Earnings per Share	($2.22)	($0.56)	($2.14)
Adjusted Weighted Average Diluted Shares Outstanding	129.84M	131.01M	264.29M
Adjusted Basic & Diluted Earnings per Share	$0.00	($0.56)	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	129.84M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	120	384	207
Normalized NOPAT Margin	1.50%	4.41%	2.98%
Pre Tax Income Margin	-2.30%	0.61%	-2.02%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.32	1.18	0.55
NOPAT to Interest Expense	0.22	1.07	0.38
EBIT Less CapEx to Interest Expense	-0.14	0.80	0.25
NOPAT Less CapEx to Interest Expense	-0.24	0.69	0.08
Payout Ratios	-	-	-
Dividend Payout Ratio	-0.89%	3.80%	-125.68%
Augmented Payout Ratio	-0.94%	3.99%	-125.74%

This table displays calculated financial ratios and metrics derived from NGL Energy Partners' official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	67.76%	14.55%	-1.50%	-19.12%	-35.29%	-8.38%	-12.60%	-20.46%	-14.16%	-26.53%	-17.15%
EBITDA Growth	698.54%	0.86%	67.44%	-4.77%	-8.40%	10.57%	-15.75%	-110.32%	-3.59%	-7.40%	-15.46%
EBIT Growth	229.12%	4.89%	166.15%	-21.25%	-17.73%	25.58%	-21.77%	-364.48%	3.86%	-7.86%	-25.73%
NOPAT Growth	281.15%	31.93%	199.94%	-20.78%	-18.66%	42.01%	-1.61%	-370.08%	93.33%	-15.49%	-24.16%
Net Income Growth	117.18%	398.84%	410.73%	-12.90%	-15.33%	684.17%	-22.41%	-613.00%	-46.46%	-88.01%	-68.15%
EPS Growth	96.75%	0.00%	0.00%	0.00%	-175.00%	76.19%	0.00%	0.00%	-27.27%	-320.00%	-250.00%
Operating Cash Flow Growth	148.15%	-1,173.60%	586.32%	33.19%	2,116.85%	322.46%	-61.08%	-36.13%	-132.77%	-91.16%	65.65%
Free Cash Flow Firm Growth	-154.31%	-15.66%	246.45%	-176.14%	291.76%	-34.69%	-173.18%	138.85%	-148.88%	-294.83%	137.65%
Invested Capital Growth	35.00%	-18.02%	-29.13%	29.36%	-44.55%	-12.92%	36.01%	-10.01%	46.00%	37.41%	-7.13%
Revenue Q/Q Growth	-1.42%	-19.54%	6.46%	-4.23%	-21.12%	13.92%	1.56%	-12.85%	-14.87%	-2.49%	14.52%
EBITDA Q/Q Growth	45.03%	-11.13%	44.75%	-48.96%	39.50%	7.28%	10.29%	-106.25%	1,403.15%	3.04%	0.69%
EBIT Q/Q Growth	127.16%	-21.79%	90.20%	-76.69%	137.31%	19.38%	18.49%	-178.79%	193.19%	5.90%	-4.48%
NOPAT Q/Q Growth	226.66%	-31.92%	72.26%	-79.32%	235.37%	18.87%	19.35%	-156.77%	340.07%	-48.04%	7.10%
Net Income Q/Q Growth	178.57%	-84.39%	1,535.21%	-156.29%	158.92%	44.58%	61.81%	-617.27%	104.42%	-67.63%	329.81%
EPS Q/Q Growth	90.70%	-425.00%	0.00%	0.00%	0.00%	54.55%	260.00%	0.00%	0.00%	-50.00%	42.86%
Operating Cash Flow Q/Q Growth	-98.61%	-1,474.01%	798.33%	-0.09%	-76.88%	37.88%	22.18%	63.96%	-111.86%	137.20%	2,189.25%
Free Cash Flow Firm Q/Q Growth	-192.76%	168.43%	73.86%	-168.99%	333.62%	-76.69%	-294.80%	136.63%	-393.93%	7.11%	137.64%
Invested Capital Q/Q Growth	45.44%	-31.01%	-6.98%	38.60%	-37.66%	8.35%	45.28%	-8.30%	1.13%	1.98%	-1.81%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	9.71%	12.21%	13.04%	13.58%	14.65%	14.27%	14.10%	13.91%	15.43%	17.11%	15.44%
EBITDA Margin	6.36%	7.03%	9.55%	5.09%	9.01%	8.48%	9.21%	-0.66%	10.11%	10.69%	9.40%
Operating Margin	3.49%	3.42%	4.80%	1.49%	4.46%	4.67%	5.44%	-5.05%	5.40%	5.75%	4.87%
EBIT Margin	3.52%	3.42%	6.11%	1.49%	4.48%	4.69%	5.47%	-4.95%	5.41%	5.88%	4.91%
Profit (Net Income) Margin	0.93%	0.18%	2.76%	-1.62%	1.21%	1.54%	2.45%	-14.53%	0.76%	0.25%	0.94%
Tax Burden Percent	100.75%	87.04%	100.43%	100.48%	99.29%	98.81%	99.66%	100.75%	184.45%	92.42%	101.91%
Interest Burden Percent	26.09%	6.03%	44.91%	-108.43%	27.24%	33.16%	44.89%	291.51%	7.56%	4.61%	18.82%
Effective Tax Rate	-0.75%	12.96%	-0.43%	0.00%	0.71%	1.19%	0.34%	0.00%	-84.45%	7.58%	-1.91%
Return on Invested Capital (ROIC)	7.79%	7.70%	12.29%	2.47%	9.56%	11.76%	11.36%	-6.25%	21.13%	9.99%	7.51%
ROIC Less NNEP Spread (ROIC-NNEP)	5.43%	5.21%	10.56%	0.17%	7.31%	8.37%	8.76%	-12.72%	15.11%	6.97%	5.32%
Return on Net Nonoperating Assets (RNNOA)	11.46%	9.04%	25.73%	0.32%	12.81%	10.53%	13.57%	-30.42%	30.47%	15.02%	14.28%
Return on Equity (ROE)	19.25%	16.74%	38.02%	2.78%	22.37%	22.29%	24.93%	-36.67%	51.60%	25.01%	21.79%
Cash Return on Invested Capital (CROIC)	-25.64%	24.59%	42.08%	-17.76%	64.81%	23.46%	-22.38%	13.70%	-33.41%	-27.88%	10.00%
Operating Return on Assets (OROA)	5.19%	5.21%	9.35%	2.24%	6.06%	6.11%	7.16%	-6.57%	7.18%	6.98%	5.69%
Return on Assets (ROA)	1.36%	0.27%	4.22%	-2.44%	1.64%	2.00%	3.20%	-19.29%	1.00%	0.30%	1.09%
Return on Common Equity (ROCE)	8.26%	7.20%	21.09%	1.18%	9.73%	12.77%	11.55%	-7.66%	15.12%	7.31%	2.97%
Return on Equity Simple (ROE_SIMPLE)	-3.68%	-2.99%	7.18%	0.00%	6.35%	9.21%	7.15%	0.00%	-78.51%	-108.21%	-147.39%
Net Operating Profit after Tax (NOPAT)	88	60	103	21	72	85	101	-58	138	72	77
NOPAT Margin	3.52%	2.98%	4.82%	1.04%	4.42%	4.62%	5.43%	-3.53%	9.97%	5.31%	4.97%
Net Nonoperating Expense Percent (NNEP)	2.36%	2.49%	1.73%	2.29%	2.26%	3.39%	2.60%	6.46%	6.02%	3.02%	2.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	2.86%	-	-	-	2.37%
Cost of Revenue to Revenue	90.30%	87.79%	86.96%	86.42%	85.35%	85.73%	85.90%	86.09%	84.57%	82.89%	84.56%
SG&A Expenses to Revenue	3.55%	5.02%	4.61%	4.76%	6.00%	5.15%	5.19%	8.48%	6.31%	6.68%	5.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.21%	8.79%	8.24%	12.10%	10.19%	9.59%	8.66%	18.96%	10.03%	11.37%	10.56%
Earnings before Interest and Taxes (EBIT)	88	69	131	30	72	86	102	-81	75	80	76
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	159	141	204	104	146	156	172	-11	140	145	146
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.07	0.47	0.21	1.89	1.33	1.28	2.97	18.68	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.04	0.04	0.02	0.09	0.13	0.13	0.20	0.22	0.20	0.19	0.22
Price to Earnings (P/E)	0.00	0.00	0.00	14.79	21.46	14.11	24.81	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	6.76%	4.66%	7.08%	4.03%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.01	1.35	1.32	1.09	1.69	1.56	1.25	1.41	1.40	1.36	1.41
Enterprise Value to Revenue (EV/Rev)	0.52	0.47	0.43	0.52	0.56	0.57	0.69	0.75	0.78	0.84	0.90
Enterprise Value to EBITDA (EV/EBITDA)	8.82	8.15	6.40	7.40	7.34	7.12	8.74	11.30	11.49	11.69	12.63
Enterprise Value to EBIT (EV/EBIT)	19.38	17.72	12.04	14.18	14.45	13.59	17.34	29.01	28.73	29.58	35.33
Enterprise Value to NOPAT (EV/NOPAT)	27.88	25.41	13.67	15.67	16.14	15.01	17.64	42.09	41.65	43.28	51.90
Enterprise Value to Operating Cash Flow (EV/OCF)	21.91	23.80	10.18	10.12	8.78	7.15	10.94	13.91	17.37	22.32	17.99
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	4.95	2.59	0.00	1.86	6.17	0.00	9.72	0.00	0.00	13.53
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.63	2.67	2.39	2.17	2.10	2.04	1.90	2.85	3.96	4.25	4.33
Long-Term Debt to Equity	2.63	2.67	2.16	2.17	2.10	2.04	1.90	2.85	3.95	4.24	4.31
Financial Leverage	2.11	1.73	2.44	1.84	1.75	1.26	1.55	2.39	2.02	2.16	2.68
Leverage Ratio	4.67	4.64	5.73	4.46	4.40	4.42	4.08	4.52	4.82	5.00	4.80
Compound Leverage Factor	1.22	0.28	2.57	-4.84	1.20	1.46	1.83	13.18	0.36	0.23	0.90
Debt to Total Capital	72.45%	72.76%	70.47%	68.43%	67.69%	67.07%	65.53%	74.05%	79.82%	80.95%	81.23%
Short-Term Debt to Total Capital	0.05%	0.05%	6.64%	0.00%	0.00%	0.00%	0.00%	0.18%	0.21%	0.20%	0.23%
Long-Term Debt to Total Capital	72.40%	72.71%	63.83%	68.43%	67.69%	67.07%	65.53%	73.87%	79.61%	80.74%	81.00%
Preferred Equity to Total Capital	7.45%	0.00%	0.00%	8.34%	0.00%	0.00%	8.51%	9.05%	9.19%	9.01%	9.16%
Noncontrolling Interests to Total Capital	12.14%	11.97%	12.41%	13.59%	13.70%	13.67%	13.84%	14.79%	15.07%	14.82%	15.06%
Common Equity to Total Capital	7.96%	15.27%	17.12%	9.64%	18.61%	19.26%	12.12%	2.12%	-4.07%	-4.78%	-5.45%
Debt to EBITDA	6.38	6.49	5.25	4.69	4.71	4.56	4.64	6.16	6.61	7.01	7.36
Net Debt to EBITDA	6.34	6.44	5.21	4.65	4.66	4.52	4.61	6.03	6.56	6.96	7.30
Long-Term Debt to EBITDA	6.38	6.49	4.76	4.69	4.71	4.56	4.64	6.14	6.59	6.99	7.34
Debt to NOPAT	20.19	20.24	11.22	9.93	10.36	9.61	9.37	22.93	23.95	25.96	30.23
Net Debt to NOPAT	20.05	20.09	11.13	9.84	10.25	9.52	9.30	22.46	23.76	25.76	29.99
Long-Term Debt to NOPAT	20.18	20.22	10.16	9.93	10.36	9.61	9.37	22.88	23.89	25.90	30.15
Altman Z-Score	1.60	1.67	1.65	1.76	1.72	1.61	1.72	1.61	1.67	1.54	1.51
Noncontrolling Interest Sharing Ratio	57.09%	57.02%	44.54%	57.45%	56.49%	42.69%	53.67%	79.12%	70.70%	70.78%	86.38%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.26	1.36	1.02	1.16	1.20	1.20	1.23	1.21	1.15	1.21	1.20
Quick Ratio	0.94	0.95	0.77	0.94	0.91	0.89	0.92	0.87	0.88	0.88	0.93
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,118	765	1,330	-918	2,144	500	-973	357	-1,048	-974	366
Operating Cash Flow to CapEx	7.28%	-74.66%	1,173.15%	15,425.31%	375.67%	181.51%	551.80%	592.56%	-41.00%	7.73%	270.15%
Free Cash Flow to Firm to Interest Expense	-17.03	11.63	18.16	-14.22	40.67	8.53	-17.01	2.28	-15.03	-12.58	5.81
Operating Cash Flow to Interest Expense	0.04	-0.52	3.26	3.69	1.05	1.30	1.62	0.97	-0.26	0.09	2.44
Operating Cash Flow Less CapEx to Interest Expense	-0.48	-1.21	2.98	3.67	0.77	0.58	1.33	0.81	-0.89	-1.04	1.54
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.47	1.52	1.53	1.51	1.35	1.30	1.31	1.33	1.33	1.19	1.16
Accounts Receivable Turnover	8.27	9.15	8.39	8.03	7.08	6.65	6.90	7.53	8.18	6.62	6.64
Inventory Turnover	29.48	25.00	28.73	38.84	27.82	22.14	28.82	43.63	33.46	23.86	29.84
Fixed Asset Turnover	4.27	4.59	4.73	4.58	4.19	5.57	4.17	3.22	3.96	3.65	2.77
Accounts Payable Turnover	8.43	9.16	8.53	7.60	7.04	6.35	7.10	7.30	8.22	6.33	6.78
Days Sales Outstanding (DSO)	44.15	39.87	43.52	45.46	51.53	54.86	52.93	48.48	44.61	55.14	55.00
Days Inventory Outstanding (DIO)	12.38	14.60	12.70	9.40	13.12	16.49	12.67	8.37	10.91	15.29	12.23
Days Payable Outstanding (DPO)	43.28	39.83	42.78	48.01	51.83	57.46	51.42	50.02	44.40	57.65	53.85
Cash Conversion Cycle (CCC)	13.26	14.64	13.44	6.84	12.82	13.88	14.18	6.83	11.12	12.79	13.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,652	3,209	2,985	4,137	2,579	2,795	4,060	3,723	3,766	3,840	3,771
Invested Capital Turnover	2.21	2.59	2.55	2.37	2.16	2.55	2.09	1.77	2.12	1.88	1.51
Increase / (Decrease) in Invested Capital	1,206	-705	-1,227	939	-2,073	-415	1,075	-414	1,186	1,045	-290
Enterprise Value (EV)	4,677	4,332	3,928	4,507	4,370	4,347	5,055	5,232	5,262	5,217	5,301
Market Capitalization	397	340	163	760	1,026	1,021	1,476	1,522	1,341	1,190	1,317
Book Value per Share	$2.85	$5.54	$6.00	$3.07	$5.84	$6.06	$3.76	$0.61	($1.17)	($1.39)	($1.57)
Tangible Book Value per Share	($11.39)	($4.34)	($3.64)	($10.42)	($2.88)	($3.93)	($9.18)	($11.27)	($12.96)	($13.09)	($13.23)
Total Capital	4,675	4,743	4,576	4,176	4,142	4,149	4,096	3,850	3,791	3,866	3,801
Total Debt	3,387	3,451	3,225	2,858	2,804	2,782	2,684	2,851	3,026	3,130	3,088
Total Long-Term Debt	3,385	3,448	2,921	2,858	2,804	2,782	2,684	2,844	3,018	3,122	3,079
Net Debt	3,364	3,425	3,198	2,831	2,776	2,759	2,664	2,792	3,002	3,105	3,063
Capital Expenditures (CapEx)	34	46	20	1.55	15	42	17	26	44	87	57
Debt-free, Cash-free Net Working Capital (DFCFNWC)	359	433	333	177	188	253	252	170	128	178	173
Debt-free Net Working Capital (DFNWC)	359	438	337	182	196	256	253	209	134	182	178
Net Working Capital (NWC)	357	435	34	182	196	256	253	202	126	174	169
Net Nonoperating Expense (NNE)	65	56	44	55	52	57	56	179	128	68	62
Net Nonoperating Obligations (NNO)	3,364	1,918	1,634	2,819	1,241	1,428	2,648	2,724	3,000	3,103	3,057
Total Depreciation and Amortization (D&A)	71	72	74	74	73	70	70	70	65	65	70
Debt-free, Cash-free Net Working Capital to Revenue	4.00%	4.70%	3.63%	2.03%	2.41%	3.32%	3.41%	2.44%	1.91%	2.85%	2.91%
Debt-free Net Working Capital to Revenue	4.01%	4.75%	3.67%	2.10%	2.51%	3.35%	3.42%	3.00%	1.99%	2.92%	3.01%
Net Working Capital to Revenue	3.99%	4.72%	0.37%	2.10%	2.51%	3.35%	3.42%	2.90%	1.87%	2.80%	2.86%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.04)	($0.21)	$0.20	$0.00	($0.11)	($0.05)	$0.00	$0.00	($0.14)	($0.21)	($0.12)
Adjusted Weighted Average Basic Shares Outstanding	130.70M	130.70M	131.02M	262.01M	263.85M	263.85M	132.22M	264.29M	265.03M	264.55M	264.03M
Adjusted Diluted Earnings per Share	($0.04)	($0.21)	$0.19	$0.00	($0.11)	($0.05)	$0.00	$0.00	($0.14)	($0.21)	($0.12)
Adjusted Weighted Average Diluted Shares Outstanding	130.70M	130.70M	134.49M	262.01M	263.85M	263.85M	132.50M	264.29M	265.03M	264.55M	264.03M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($0.11)	($0.05)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	130.70M	130.70M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	61	67	78	78	70	101	101	15	45	73	58
Normalized NOPAT Margin	2.44%	3.31%	3.63%	3.80%	4.35%	5.49%	5.38%	0.95%	3.24%	5.41%	3.73%
Pre Tax Income Margin	0.92%	0.21%	2.75%	-1.61%	1.22%	1.55%	2.46%	-14.42%	0.41%	0.27%	0.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.34	1.04	1.79	0.47	1.37	1.47	1.79	-0.51	1.08	1.03	1.21
NOPAT to Interest Expense	1.34	0.91	1.41	0.33	1.36	1.45	1.77	-0.37	1.98	0.93	1.22
EBIT Less CapEx to Interest Expense	0.82	0.35	1.51	0.45	1.09	0.76	1.49	-0.68	0.45	-0.10	0.30
NOPAT Less CapEx to Interest Expense	0.82	0.21	1.13	0.31	1.08	0.74	1.48	-0.53	1.35	-0.20	0.32
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-8.18%	-8.89%	3.21%	3.80%	2.85%	2.30%	2.82%	-125.68%	-261.57%	-240.54%	-219.85%
Augmented Payout Ratio	-8.18%	-8.89%	3.41%	3.99%	2.85%	2.30%	3.05%	-125.74%	-261.57%	-241.79%	-224.20%

Frequently Asked Questions About NGL Energy Partners' Financials

When does NGL Energy Partners's fiscal year end?

According to the most recent income statement we have on file, NGL Energy Partners' financial year ends in March. Their financial year 2024 ended on March 31, 2024.

How has NGL Energy Partners' net income changed over the last 2 years?

NGL Energy Partners' net income appears to be on a downward trend, with a most recent value of -$143.12 million in 2024, falling from -$184.10 million in 2022. The previous period was $52.49 million in 2023.

What is NGL Energy Partners's operating income?

NGL Energy Partners's total operating income in 2024 was $177.57 million, based on the following breakdown:

Total Gross Profit: $989.78 million
Total Operating Expenses: $812.21 million

How has NGL Energy Partners revenue changed over the last 2 years?

Over the last 2 years, NGL Energy Partners' total revenue changed from $7.95 billion in 2022 to $6.96 billion in 2024, a change of -12.5%.

How much debt does NGL Energy Partners have?

NGL Energy Partners' total liabilities were at $4.02 billion at the end of 2024, a 2.8% decrease from 2023, and a 16.3% decrease since 2022.

How much cash does NGL Energy Partners have?

In the past 2 years, NGL Energy Partners' cash and equivalents has ranged from $3.82 million in 2022 to $38.91 million in 2024, and is currently $38.91 million as of their latest financial filing in 2024.

How has NGL Energy Partners' book value per share changed over the last 2 years?

Over the last 2 years, NGL Energy Partners' book value per share changed from 5.36 in 2022 to 0.61 in 2024, a change of -88.5%.

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This page (NYSE:NGL) was last updated on 4/15/2025 by MarketBeat.com Staff

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NGL Energy Partners (NGL) Financials

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NGL Energy Partners (NGL) Financials

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