NGL Stock Analysis: NGL Energy | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 1.974m USD | 12M Return: 250.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.00M
Qual. Beats: -1
Rev. Trend: -93.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
NGL Energy Partners LP is a U.S.-based midstream energy partnership that operates across three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The company transports, stores, blends, and markets crude oil, natural gas liquids (NGLs), refined products/renewables, and water solutions, primarily serving producers, refiners, and commercial customers across the United States and Canada.
Its Water Solutions segment handles produced and flowback water from oil and gas operations, including treatment, recycling, and solids disposal. The Crude Oil Logistics segment aggregates and transports crude oil via pipelines, terminals, barges, and rail, while the Liquids Logistics segment distributes NGLs (such as propane and butane) through terminals, pipelines, railcars, and marine export facilities. NGL is structured as a master limited partnership (MLP), a common corporate form in the midstream sector that typically passes through income to unitholders, and it is classified within the Oil & Gas Storage & Transportation sub-industry.
Founded in 1940 and headquartered in Tulsa, Oklahoma, NGL has been publicly traded on the NYSE since its 2011 IPO. The partnership is managed by NGL Energy Holdings LLC, which serves as its general partner.
- Permian produced water volumes drive Water Solutions segment revenue growth
- Propane margins expand on heating season demand and export volumes
- High leverage limits distribution coverage and capital allocation flexibility
| Net Income: -180.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 4.92 > 1.0 |
| NWC/Revenue: 1.09% < 20% (prev 4.81%; Δ -3.72% < -1%) |
| CFO/TA 0.12 > 3% & CFO 480.5m > Net Income -180.2m |
| Net Debt (3.46b) to EBITDA (645.9m): 5.36 < 3 |
| Current Ratio: 1.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (127.0m) vs 12m ago -3.78% < -2% |
| Gross Margin: 23.67% > 18% (prev 15.07%; Δ 8.60% > 0.5%) |
| Asset Turnover: 71.85% > 50% (prev 100.5%; Δ -28.64% > 0%) |
| Interest Coverage Ratio: 1.51 > 6 (EBIT TTM 384.5m / Interest Expense TTM 254.2m) |
| DSRI: 1.68 (Receivables 670.0m/583.7m, Revenue 3.16b/4.63b) |
| GMI: 0.64 (GM 15.07% / 23.67%) |
| AQI: 0.90 (AQ_t 0.29 / AQ_t-1 0.32) |
| SGI: 0.68 (Revenue 3.16b / 4.63b) |
| TATA: -0.16 (NI -180.2m - CFO 480.5m) / TA 4.18b) |
| Beneish M = -3.10 (Cap -4..+1) = AA |
As of July 03, 2026, the stock is trading at USD 15.19 with a total of 70,787 shares traded. Over the past week, the price has changed by -5.12%, over one month by -8.11%, over three months by +20.75% and over the past year by +250.81%.
Current recommended Stop Loss: 14.20 (which is 6.5% or 1.3 ATR below the current price).
NGL Energy has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold NGL.
- StrongBuy: 0
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 5 | -67.1% |
P/E Forward = 46.0829
P/S = 0.6304
P/B = 3.5323
P/EG = 8.0611
Revenue TTM = 3.16b USD
EBIT TTM = 384.5m USD
EBITDA TTM = 645.9m USD
Long Term Debt = 3.22b USD (from longTermDebt, last quarter)
Short Term Debt = 44.9m USD (from shortTermDebt, last quarter)
Debt = 3.47b USD (from shortLongTermDebtTotal, last quarter) + Leases 115.6m
Net Debt = 3.46b USD (calculated: Debt 3.47b - CCE 8.51m)
Enterprise Value = 5.44b USD (1.97b + Debt 3.47b - CCE 8.51m)
Interest Coverage Ratio = 1.51 (Ebit TTM 384.5m / Interest Expense TTM 254.2m)
EV/FCF = 21.55x (Enterprise Value 5.44b / FCF TTM 252.4m)
FCF Yield = 4.64% (FCF TTM 252.4m / Enterprise Value 5.44b)
FCF Margin = 8.00% (FCF TTM 252.4m / Revenue TTM 3.16b)
Net Margin = -5.71% (Net Income TTM -180.2m / Revenue TTM 3.16b)
Gross Margin = 23.67% ((Revenue TTM 3.16b - Cost of Revenue TTM 2.41b) / Revenue TTM)
Gross Margin QoQ = 20.01% (prev 21.41%)
Tobins Q-Ratio = 1.30 (Enterprise Value 5.44b / Total Assets 4.18b)
Interest Expense / Debt = 7.32% (Interest Expense 254.2m / Debt 3.47b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 303.7m (EBIT 384.5m * (1 - 21.00%))
Current Ratio = 1.05 (Total Current Assets 774.0m / Total Current Liabilities 739.5m)
Debt / Equity = 134.1 (Debt 3.47b / totalStockholderEquity, last quarter 25.9m)
Debt / EBITDA = 5.36 (Net Debt 3.46b / EBITDA 645.9m)
Debt / FCF = 13.73 (Net Debt 3.46b / FCF TTM 252.4m)
Total Stockholder Equity = 489.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -4.10% (Net Income -180.2m / Total Assets 4.18b)
RoE = -36.85% (Net Income TTM -180.2m / Total Stockholder Equity 489.0m)
RoCE = 10.36% (EBIT 384.5m / Capital Employed (Equity 489.0m + L.T.Debt 3.22b))
RoIC = 8.75% (NOPAT 303.7m / Invested Capital 3.47b)
WACC = 7.18% (E(1.97b)/V(5.45b) * Re(9.63%) + D(3.47b)/V(5.45b) * Rd(7.32%) * (1-Tc(0.21)))
Discount Rate = 9.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -84.11 | Cagr: -1.86%
[DCF] Terminal Value 77.97% ; FCFF base≈172.1m ; Y1≈197.3m ; Y5≈290.3m
[DCF] Fair Price = 7.30 (EV 4.37b - Net Debt 3.46b = Equity 904.1m / Shares 123.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.20 | # QB: -1
Revenue Correlation: -93.73 | Revenue CAGR: -24.43% | SUE: 0.15 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.18 | Chg30d=-5.26% | Revisions=-20% | Analysts=1
EPS current Year (2027-03-31): EPS=0.82 | Chg30d=+0.00% | Revisions=-20% | GrowthEPS=+125.7% | GrowthRev=-48.6%
EPS next Year (2028-03-31): EPS=1.24 | Chg30d=+20.39% | Revisions=-20% | GrowthEPS=+51.2% | GrowthRev=+5.3%