NGL Energy Partners (NGL) Financials

$3.30 -0.09 (-2.51%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$3.36 +0.06 (+1.97%)

As of 05/23/2025 05:02 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	2024	2023	2022
Period end date	3/31/2024	3/31/2023	3/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-144	51	-185
Consolidated Net Income / (Loss)	-143	52	-184
Net Income / (Loss) Continuing Operations	-143	52	-184
Total Pre-Tax Income	-141	53	-183
Total Operating Income	178	289	83
Total Gross Profit	990	1,045	809
Total Revenue	6,957	8,695	7,948
Operating Revenue	6,957	8,695	7,948
Total Cost of Revenue	5,967	7,650	7,139
Operating Cost of Revenue	5,967	7,650	7,139
Total Operating Expenses	812	756	726
Selling, General & Admin Expense	427	386	349
Depreciation Expense	267	274	289
Other Special Charges / (Income)	119	97	88
Total Other Income / (Expense), net	-318	-236	-266
Interest Expense	325	269	270
Interest & Investment Income	4.12	4.12	1.40
Other Income / (Expense), net	2.79	29	2.25
Income Tax Expense	2.41	0.27	0.97
Net Income / (Loss) Attributable to Noncontrolling Interest	0.63	1.11	0.66
Basic Earnings per Share	($2.14)	($0.56)	($2.22)
Weighted Average Basic Shares Outstanding	264.29M	262.01M	259.68M
Diluted Earnings per Share	($2.14)	($0.56)	($2.22)
Weighted Average Diluted Shares Outstanding	264.29M	262.01M	259.68M
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	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Net Income / (Loss) Attributable to Common Shareholders	14	2.45	9.68	-237	46	28	19	-34	59	3.51	23
Consolidated Net Income / (Loss)	15	3.39	10	-237	46	28	20	-33	59	3.61	23
Net Income / (Loss) Continuing Operations	15	3.39	10	-237	46	28	20	-33	59	3.61	23
Total Pre-Tax Income	14	3.67	5.68	-235	46	29	20	-33	59	4.14	23
Total Operating Income	75	78	75	-82	102	86	72	30	103	69	87
Total Gross Profit	239	231	214	227	264	263	237	278	279	245	242
Total Revenue	1,549	1,353	1,387	1,630	1,870	1,841	1,616	2,049	2,139	2,009	2,497
Operating Revenue	1,549	1,353	1,387	1,630	1,870	1,841	1,616	2,049	2,139	2,009	2,497
Total Cost of Revenue	1,310	1,121	1,173	1,403	1,606	1,578	1,379	1,771	1,860	1,764	2,255
Operating Cost of Revenue	1,310	1,121	-	1,403	-	-	-	1,771	1,860	1,764	2,255
Total Operating Expenses	164	154	139	309	162	177	165	248	176	177	155
Selling, General & Admin Expense	90	90	88	138	97	95	97	98	99	101	89
Depreciation Expense	66	62	62	66	66	66	69	70	69	68	67
Other Special Charges / (Income)	6.98	1.51	-11	104	-0.79	16	-1.20	81	8.31	7.65	-0.17
Total Other Income / (Expense), net	-61	-74	-69	-153	-56	-57	-52	-64	-44	-65	-64
Interest Expense	63	77	70	157	57	59	53	65	73	66	66
Interest & Investment Income	1.38	1.52	0.30	2.34	0.84	0.85	0.09	1.03	1.21	1.21	0.67
Other Income / (Expense), net	0.49	1.82	0.17	1.66	0.52	0.31	0.31	0.02	28	-0.02	0.65
Income Tax Expense	-0.27	0.28	-4.80	1.77	0.15	0.34	0.14	0.16	-0.25	0.54	-0.17
Net Income / (Loss) Attributable to Noncontrolling Interest	1.07	0.94	0.79	0.03	0.00	0.00	0.26	0.32	0.45	0.10	0.25
Basic Earnings per Share	($0.12)	($0.21)	($0.14)	-	$0.08	($0.05)	($0.11)	-	-	($0.21)	($0.04)
Weighted Average Basic Shares Outstanding	264.03M	264.55M	265.03M	264.29M	264.44M	263.85M	263.85M	262.01M	131.02M	261.39M	261.39M
Diluted Earnings per Share	($0.12)	($0.21)	($0.14)	-	$0.08	($0.05)	($0.11)	-	-	($0.21)	($0.04)
Weighted Average Diluted Shares Outstanding	264.03M	264.55M	265.03M	264.29M	265.00M	263.85M	263.85M	262.01M	134.49M	261.39M	261.39M
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	2024	2023	2022
Period end date	3/31/2024	3/31/2023	3/31/2022
Net Change in Cash & Equivalents	33	1.61	-1.01
Net Cash From Operating Activities	376	445	206
Net Cash From Continuing Operating Activities	375	446	204
Net Income / (Loss) Continuing Operations	-143	52	-184
Consolidated Net Income / (Loss)	-143	52	-184
Depreciation Expense	283	291	306
Non-Cash Adjustments To Reconcile Net Income	184	104	218
Changes in Operating Assets and Liabilities, net	51	-1.84	-137
Net Cash From Investing Activities	-84	64	-212
Net Cash From Continuing Investing Activities	-84	64	-212
Purchase of Property, Plant & Equipment	-152	-148	-142
Acquisitions	-0.26	-0.09	-0.35
Purchase of Investments	-1.02	54	-152
Sale of Property, Plant & Equipment	53	46	19
Divestitures	16	112	63
Sale and/or Maturity of Investments	0.57	0.00	0.37
Net Cash From Financing Activities	-259	-508	5.56
Net Cash From Continuing Financing Activities	-259	-508	5.56
Repayment of Debt	-4,624	-2,511	-1,806
Repurchase of Common Equity	-0.08	-0.10	-0.09
Payment of Dividends	-180	-1.99	-1.64
Issuance of Debt	4,547	2,007	1,815
Other Financing Activities, net	-1.59	-1.80	-1.23
Cash Interest Paid	247	265	255
Cash Income Taxes Paid	3.25	3.41	2.48

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	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Net Change in Cash & Equivalents	1.19	-0.77	-34	38	-1.94	-5.11	2.36	0.90	-0.01	3.72	-3.01
Net Cash From Operating Activities	154	6.72	-18	152	93	76	55	238	239	-34	2.49
Net Cash From Continuing Operating Activities	154	7.35	-19	151	93	76	55	239	239	-34	2.49
Net Income / (Loss) Continuing Operations	15	3.39	10	-237	46	28	20	-33	59	3.61	23
Consolidated Net Income / (Loss)	15	3.39	10	-237	46	28	20	-33	59	3.61	23
Depreciation Expense	70	65	65	70	70	70	73	74	74	72	71
Non-Cash Adjustments To Reconcile Net Income	7.45	1.14	6.62	178	-14	33	-13	77	-6.07	-12	46
Changes in Operating Assets and Liabilities, net	62	-62	-101	140	-9.13	-56	-24	121	112	-98	-137
Net Cash From Investing Activities	-67	-78	28	-34	7.44	-55	-1.44	136	-12	-24	-36
Net Cash From Continuing Investing Activities	-67	-78	28	-34	7.44	-55	-1.44	136	-12	-24	-36
Purchase of Property, Plant & Equipment	-58	-90	-60	-32	-39	-45	-36	-25	-28	-53	-41
Purchase of Investments	-11	11	2.03	-7.94	23	-29	12	26	8.74	22	-2.27
Sale of Property, Plant & Equipment	1.49	2.68	16	6.71	23	2.78	21	24	8.07	7.20	6.85
Sale and/or Maturity of Investments	0.63	-0.67	0.91	-0.81	0.89	-0.57	1.06	-	-	-	-
Net Cash From Financing Activities	-85	70	-44	-80	-102	-26	-51	-374	-227	62	31
Net Cash From Continuing Financing Activities	-85	70	-44	-80	-102	-26	-51	-374	-227	62	31
Repayment of Debt	-1,017	-347	-222	-3,036	-548	-462	-578	-948	-621	-422	-520
Repurchase of Common Equity	-6.93	-	-	-	-0.08	-	-	-0.06	-	-	-
Payment of Dividends	-32	-28	-219	-179	-0.28	-0.57	-0.38	-0.48	-0.27	-0.27	-0.98
Issuance of Debt	970	448	395	3,136	446	437	528	575	395	485	552
Issuance of Common Equity	0.17	-	1.79	-	-	-	0.00	-	-	-	-
Other Financing Activities, net	0.28	0.01	-0.24	-0.36	-0.32	-0.43	-0.48	-0.59	-0.27	-0.59	-0.36
Cash Interest Paid	68	69	98	112	17	93	26	102	34	95	34
Cash Income Taxes Paid	0.79	4.00	1.52	0.31	0.89	0.70	1.35	0.32	0.92	0.42	1.75

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	2024	2023	2022
Period end date	3/31/2024	3/31/2023	3/31/2022
Total Assets	5,020	5,456	6,070
Total Current Assets	1,179	1,292	1,546
Cash & Equivalents	39	5.43	3.82
Accounts Receivable	814	1,034	1,132
Inventories, net	131	143	251
Prepaid Expenses	127	98	159
Other Current Nonoperating Assets	67	0.00	-
Plant, Property, & Equipment, net	2,097	2,223	1,575
Total Noncurrent Assets	1,744	1,940	1,597
Long-Term Investments	20	21	22
Goodwill	634	712	744
Intangible Assets	940	1,059	628
Other Noncurrent Operating Assets	150	148	160
Total Liabilities & Shareholders' Equity	5,020	5,456	6,070
Total Liabilities	4,021	4,138	4,805
Total Current Liabilities	977	1,110	1,277
Short-Term Debt	7.00	0.00	2.38
Accounts Payable	708	928	1,085
Accrued Expenses	214	134	141
Other Current Liabilities	48	49	49
Other Current Nonoperating Liabilities	0.61	0.00	-
Total Noncurrent Liabilities	3,044	3,027	3,528
Long-Term Debt	2,844	2,858	3,350
Other Noncurrent Operating Liabilities	200	170	177
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	551	551	551
Total Equity & Noncontrolling Interests	448	767	714
Total Preferred & Common Equity	430	751	697
Preferred Stock	348	348	0.00
Total Common Equity	81	403	697
Common Stock	82	403	349
Accumulated Other Comprehensive Income / (Loss)	-0.50	-0.45	-0.31
Noncontrolling Interest	18	17	17

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	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/30/2024	6/30/2024	12/31/2023	9/30/2023	6/30/2023	12/31/2022	9/30/2022	6/30/2022
Total Assets	4,848	4,890	4,840	5,362	5,628	5,306	5,914	6,114	6,238
Total Current Assets	1,016	1,003	990	1,341	1,564	1,183	1,518	1,643	1,749
Cash & Equivalents	5.68	4.50	5.27	0.74	2.68	7.79	4.53	4.54	0.82
Accounts Receivable	784	728	752	1,000	1,158	892	1,140	1,140	1,314
Inventories, net	134	194	159	202	251	186	238	345	301
Prepaid Expenses	86	76	72	123	138	84	136	153	133
Other Current Nonoperating Assets	4.56	0.00	0.00	-	-	-	-	-	-
Plant, Property, & Equipment, net	2,137	2,166	2,125	2,137	1,258	1,276	1,400	1,488	2,456
Total Noncurrent Assets	1,696	1,721	1,724	1,885	1,516	1,352	1,465	1,513	2,033
Long-Term Investments	19	20	19	20	21	20	23	22	23
Goodwill	634	634	634	708	708	712	744	744	744
Intangible Assets	905	916	929	1,000	610	438	516	548	1,116
Other Noncurrent Operating Assets	137	151	142	158	153	155	150	162	150
Total Liabilities & Shareholders' Equity	4,848	4,890	4,840	5,362	5,628	5,306	5,914	6,114	6,238
Total Liabilities	4,134	4,154	4,074	3,951	4,262	3,967	4,563	4,822	4,949
Total Current Liabilities	846	829	865	1,088	1,307	987	1,485	1,208	1,392
Short-Term Debt	8.77	7.87	7.85	-	-	-	304	2.48	2.43
Accounts Payable	645	595	628	832	1,081	774	953	994	1,150
Accrued Expenses	138	174	176	195	164	159	174	151	-
Other Current Liabilities	54	53	53	61	63	54	54	61	240
Other Current Nonoperating Liabilities	0.00	0.00	0.00	-	-	-	-	-	-
Total Noncurrent Liabilities	3,288	3,325	3,210	2,863	2,954	2,981	3,078	3,615	3,557
Long-Term Debt	3,079	3,122	3,018	2,684	2,782	2,804	2,921	3,448	3,385
Other Noncurrent Operating Liabilities	209	203	191	179	172	177	157	166	172
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	163	185	214	861	815	787	800	741	737
Total Preferred & Common Equity	141	164	194	845	799	771	784	724	720
Preferred Stock	348	348	348	348	0.00	0.00	0.00	0.00	348
Total Common Equity	-207	-185	-154	497	799	771	784	724	372
Common Stock	-207	-185	-154	497	451	423	436	376	372
Accumulated Other Comprehensive Income / (Loss)	0.01	-0.10	-0.52	-0.46	-0.47	-0.43	-0.44	-0.44	-0.36
Noncontrolling Interest	21	22	20	16	16	16	17	16	17

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

Metric	2024	2023	2022
Period end date	3/31/2024	3/31/2023	3/31/2022
Growth Metrics	-	-	-
Revenue Growth	-19.99%	9.40%	52.05%
EBITDA Growth	-23.93%	55.50%	507.58%
EBIT Growth	-43.27%	272.71%	119.96%
NOPAT Growth	-56.79%	394.89%	121.25%
Net Income Growth	-372.66%	128.51%	71.20%
EPS Growth	-282.14%	74.77%	60.92%
Operating Cash Flow Growth	-15.50%	116.27%	-32.29%
Free Cash Flow Firm Growth	182.66%	-152.68%	70.27%
Invested Capital Growth	-10.01%	29.36%	-26.93%
Revenue Q/Q Growth	-5.68%	-5.28%	-7.89%
EBITDA Q/Q Growth	-19.91%	-0.85%	26.98%
EBIT Q/Q Growth	-38.11%	-2.52%	4,593.93%
NOPAT Q/Q Growth	-56.62%	0.09%	-73.09%
Net Income Q/Q Growth	-336.91%	-6.74%	52.05%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-18.63%	15.39%	41.66%
Free Cash Flow Firm Q/Q Growth	168.30%	-143.01%	118.65%
Invested Capital Q/Q Growth	-8.30%	38.60%	-24.07%
Profitability Metrics	-	-	-
Gross Margin	14.23%	12.02%	10.17%
EBITDA Margin	6.66%	7.00%	4.93%
Operating Margin	2.55%	3.33%	1.04%
EBIT Margin	2.59%	3.66%	1.07%
Profit (Net Income) Margin	-2.06%	0.60%	-2.32%
Tax Burden Percent	101.71%	99.49%	100.53%
Interest Burden Percent	-78.02%	16.60%	-214.70%
Effective Tax Rate	0.00%	0.51%	0.00%
Return on Invested Capital (ROIC)	3.16%	7.84%	1.53%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.49%	-2.06%	-7.50%
Return on Net Nonoperating Assets (RNNOA)	-15.51%	-3.78%	-18.17%
Return on Equity (ROE)	-12.35%	4.06%	-16.63%
Cash Return on Invested Capital (CROIC)	13.70%	-17.76%	32.65%
Operating Return on Assets (OROA)	3.44%	5.52%	1.42%
Return on Assets (ROA)	-2.73%	0.91%	-3.06%
Return on Common Equity (ROCE)	-2.58%	1.73%	-9.23%
Return on Equity Simple (ROE_SIMPLE)	-33.30%	6.99%	-26.41%
Net Operating Profit after Tax (NOPAT)	124	288	58
NOPAT Margin	1.79%	3.31%	0.73%
Net Nonoperating Expense Percent (NNEP)	9.65%	9.90%	9.04%
Cost of Revenue to Revenue	85.77%	87.98%	89.83%
SG&A Expenses to Revenue	6.14%	4.43%	4.39%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.68%	8.69%	9.13%
Earnings before Interest and Taxes (EBIT)	180	318	85
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	463	609	392
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	18.68	1.89	0.83
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.22	0.09	0.07
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)	1.41	1.09	1.40
Enterprise Value to Revenue (EV/Rev)	0.75	0.52	0.56
Enterprise Value to EBITDA (EV/EBITDA)	11.30	7.40	11.42
Enterprise Value to EBIT (EV/EBIT)	29.01	14.18	52.43
Enterprise Value to NOPAT (EV/NOPAT)	42.09	15.67	76.93
Enterprise Value to Operating Cash Flow (EV/OCF)	13.91	10.12	21.73
Enterprise Value to Free Cash Flow (EV/FCFF)	9.72	0.00	3.62
Leverage & Solvency	-	-	-
Debt to Equity	2.85	2.17	2.65
Long-Term Debt to Equity	2.85	2.17	2.65
Financial Leverage	2.39	1.84	2.42
Leverage Ratio	4.52	4.46	5.43
Compound Leverage Factor	-3.53	0.74	-11.66
Debt to Total Capital	74.05%	68.43%	72.60%
Short-Term Debt to Total Capital	0.18%	0.00%	0.05%
Long-Term Debt to Total Capital	73.87%	68.43%	72.55%
Preferred Equity to Total Capital	9.05%	8.34%	0.00%
Noncontrolling Interests to Total Capital	14.79%	13.59%	12.31%
Common Equity to Total Capital	2.12%	9.64%	15.09%
Debt to EBITDA	6.16	4.69	8.56
Net Debt to EBITDA	6.03	4.65	8.50
Long-Term Debt to EBITDA	6.14	4.69	8.56
Debt to NOPAT	22.93	9.93	57.68
Net Debt to NOPAT	22.46	9.84	57.24
Long-Term Debt to NOPAT	22.88	9.93	57.64
Altman Z-Score	1.78	1.94	1.48
Noncontrolling Interest Sharing Ratio	79.12%	57.45%	44.53%
Liquidity Ratios	-	-	-
Current Ratio	1.21	1.16	1.21
Quick Ratio	0.87	0.94	0.89
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	538	-651	1,237
Operating Cash Flow to CapEx	379.78%	437.37%	166.19%
Free Cash Flow to Firm to Interest Expense	1.66	-2.42	4.58
Operating Cash Flow to Interest Expense	1.16	1.65	0.76
Operating Cash Flow Less CapEx to Interest Expense	0.85	1.28	0.30
Efficiency Ratios	-	-	-
Asset Turnover	1.33	1.51	1.32
Accounts Receivable Turnover	7.53	8.03	8.52
Inventory Turnover	43.63	38.84	34.85
Fixed Asset Turnover	3.22	4.58	3.71
Accounts Payable Turnover	7.30	7.60	8.09
Days Sales Outstanding (DSO)	48.48	45.46	42.82
Days Inventory Outstanding (DIO)	8.37	9.40	10.47
Days Payable Outstanding (DPO)	50.02	48.01	45.12
Cash Conversion Cycle (CCC)	6.83	6.84	8.18
Capital & Investment Metrics	-	-	-
Invested Capital	3,723	4,137	3,198
Invested Capital Turnover	1.77	2.37	2.10
Increase / (Decrease) in Invested Capital	-414	939	-1,178
Enterprise Value (EV)	5,232	4,507	4,472
Market Capitalization	1,522	760	576
Book Value per Share	$0.61	$3.07	$5.36
Tangible Book Value per Share	($11.27)	($10.42)	($5.20)
Total Capital	3,850	4,176	4,618
Total Debt	2,851	2,858	3,353
Total Long-Term Debt	2,844	2,858	3,350
Net Debt	2,792	2,831	3,327
Capital Expenditures (CapEx)	99	102	124
Debt-free, Cash-free Net Working Capital (DFCFNWC)	170	177	268
Debt-free Net Working Capital (DFNWC)	209	182	272
Net Working Capital (NWC)	202	182	269
Net Nonoperating Expense (NNE)	267	235	242
Net Nonoperating Obligations (NNO)	2,724	2,819	1,933
Total Depreciation and Amortization (D&A)	283	291	306
Debt-free, Cash-free Net Working Capital to Revenue	2.44%	2.03%	3.37%
Debt-free Net Working Capital to Revenue	3.00%	2.10%	3.42%
Net Working Capital to Revenue	2.90%	2.10%	3.39%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($2.14)	($0.56)	($2.22)
Adjusted Weighted Average Basic Shares Outstanding	264.29M	131.01M	129.84M
Adjusted Diluted Earnings per Share	($2.14)	($0.56)	($2.22)
Adjusted Weighted Average Diluted Shares Outstanding	264.29M	131.01M	129.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	($0.56)	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	129.84M
Normalized Net Operating Profit after Tax (NOPAT)	207	384	120
Normalized NOPAT Margin	2.98%	4.41%	1.50%
Pre Tax Income Margin	-2.02%	0.61%	-2.30%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.55	1.18	0.32
NOPAT to Interest Expense	0.38	1.07	0.22
EBIT Less CapEx to Interest Expense	0.25	0.80	-0.14
NOPAT Less CapEx to Interest Expense	0.08	0.69	-0.24
Payout Ratios	-	-	-
Dividend Payout Ratio	-125.68%	3.80%	-0.89%
Augmented Payout Ratio	-125.74%	3.99%	-0.94%

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-17.15%	-26.53%	-14.16%	-20.46%	-12.60%	-8.38%	-35.29%	-19.12%	-1.50%	14.55%	67.76%
EBITDA Growth	-15.46%	-7.40%	-3.59%	-110.32%	-15.75%	10.57%	-8.40%	-4.77%	67.44%	0.86%	698.54%
EBIT Growth	-25.73%	-7.86%	3.86%	-364.48%	-21.77%	25.58%	-17.73%	-21.25%	166.15%	4.89%	229.12%
NOPAT Growth	-24.16%	-15.49%	93.33%	-370.08%	-1.61%	42.01%	-18.66%	-20.78%	199.94%	31.93%	281.15%
Net Income Growth	-68.15%	-88.01%	-46.46%	-613.00%	-22.41%	684.17%	-15.33%	-12.90%	410.73%	398.84%	117.18%
EPS Growth	-250.00%	-320.00%	-27.27%	0.00%	0.00%	76.19%	-175.00%	0.00%	0.00%	0.00%	96.75%
Operating Cash Flow Growth	65.65%	-91.16%	-132.77%	-36.13%	-61.08%	322.46%	2,116.85%	33.19%	586.32%	-1,173.60%	148.15%
Free Cash Flow Firm Growth	137.65%	-294.83%	-148.88%	138.85%	-173.18%	-34.69%	291.76%	-176.14%	246.45%	-15.66%	-154.31%
Invested Capital Growth	-7.13%	37.41%	46.00%	-10.01%	36.01%	-12.92%	-44.55%	29.36%	-29.13%	-18.02%	35.00%
Revenue Q/Q Growth	14.52%	-2.49%	-14.87%	-12.85%	1.56%	13.92%	-21.12%	-4.23%	6.46%	-19.54%	-1.42%
EBITDA Q/Q Growth	0.69%	3.04%	1,403.15%	-106.25%	10.29%	7.28%	39.50%	-48.96%	44.75%	-11.13%	45.03%
EBIT Q/Q Growth	-4.48%	5.90%	193.19%	-178.79%	18.49%	19.38%	137.31%	-76.69%	90.20%	-21.79%	127.16%
NOPAT Q/Q Growth	7.10%	-48.04%	340.07%	-156.77%	19.35%	18.87%	235.37%	-79.32%	72.26%	-31.92%	226.66%
Net Income Q/Q Growth	329.81%	-67.63%	104.42%	-617.27%	61.81%	44.58%	158.92%	-156.29%	1,535.21%	-84.39%	178.57%
EPS Q/Q Growth	42.86%	-50.00%	0.00%	0.00%	260.00%	54.55%	0.00%	0.00%	0.00%	-425.00%	90.70%
Operating Cash Flow Q/Q Growth	2,189.25%	137.20%	-111.86%	63.96%	22.18%	37.88%	-76.88%	-0.09%	798.33%	-1,474.01%	-98.61%
Free Cash Flow Firm Q/Q Growth	137.64%	7.11%	-393.93%	136.63%	-294.80%	-76.69%	333.62%	-168.99%	73.86%	168.43%	-192.76%
Invested Capital Q/Q Growth	-1.81%	1.98%	1.13%	-8.30%	45.28%	8.35%	-37.66%	38.60%	-6.98%	-31.01%	45.44%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.44%	17.11%	15.43%	13.91%	14.10%	14.27%	14.65%	13.58%	13.04%	12.21%	9.71%
EBITDA Margin	9.40%	10.69%	10.11%	-0.66%	9.21%	8.48%	9.01%	5.09%	9.55%	7.03%	6.36%
Operating Margin	4.87%	5.75%	5.40%	-5.05%	5.44%	4.67%	4.46%	1.49%	4.80%	3.42%	3.49%
EBIT Margin	4.91%	5.88%	5.41%	-4.95%	5.47%	4.69%	4.48%	1.49%	6.11%	3.42%	3.52%
Profit (Net Income) Margin	0.94%	0.25%	0.76%	-14.53%	2.45%	1.54%	1.21%	-1.62%	2.76%	0.18%	0.93%
Tax Burden Percent	101.91%	92.42%	184.45%	100.75%	99.66%	98.81%	99.29%	100.48%	100.43%	87.04%	100.75%
Interest Burden Percent	18.82%	4.61%	7.56%	291.51%	44.89%	33.16%	27.24%	-108.43%	44.91%	6.03%	26.09%
Effective Tax Rate	-1.91%	7.58%	-84.45%	0.00%	0.34%	1.19%	0.71%	0.00%	-0.43%	12.96%	-0.75%
Return on Invested Capital (ROIC)	7.51%	9.99%	21.13%	-6.25%	11.36%	11.76%	9.56%	2.47%	12.29%	7.70%	7.79%
ROIC Less NNEP Spread (ROIC-NNEP)	5.32%	6.97%	15.11%	-12.72%	8.76%	8.37%	7.31%	0.17%	10.56%	5.21%	5.43%
Return on Net Nonoperating Assets (RNNOA)	14.28%	15.02%	30.47%	-30.42%	13.57%	10.53%	12.81%	0.32%	25.73%	9.04%	11.46%
Return on Equity (ROE)	21.79%	25.01%	51.60%	-36.67%	24.93%	22.29%	22.37%	2.78%	38.02%	16.74%	19.25%
Cash Return on Invested Capital (CROIC)	10.00%	-27.88%	-33.41%	13.70%	-22.38%	23.46%	64.81%	-17.76%	42.08%	24.59%	-25.64%
Operating Return on Assets (OROA)	5.69%	6.98%	7.18%	-6.57%	7.16%	6.11%	6.06%	2.24%	9.35%	5.21%	5.19%
Return on Assets (ROA)	1.09%	0.30%	1.00%	-19.29%	3.20%	2.00%	1.64%	-2.44%	4.22%	0.27%	1.36%
Return on Common Equity (ROCE)	2.97%	7.31%	15.12%	-7.66%	11.55%	12.77%	9.73%	1.18%	21.09%	7.20%	8.26%
Return on Equity Simple (ROE_SIMPLE)	-147.39%	-108.21%	-78.51%	0.00%	7.15%	9.21%	6.35%	0.00%	7.18%	-2.99%	-3.68%
Net Operating Profit after Tax (NOPAT)	77	72	138	-58	101	85	72	21	103	60	88
NOPAT Margin	4.97%	5.31%	9.97%	-3.53%	5.43%	4.62%	4.42%	1.04%	4.82%	2.98%	3.52%
Net Nonoperating Expense Percent (NNEP)	2.19%	3.02%	6.02%	6.46%	2.60%	3.39%	2.26%	2.29%	1.73%	2.49%	2.36%
Return On Investment Capital (ROIC_SIMPLE)	2.37%	-	-	-	2.86%	-	-	-	-	-	-
Cost of Revenue to Revenue	84.56%	82.89%	84.57%	86.09%	85.90%	85.73%	85.35%	86.42%	86.96%	87.79%	90.30%
SG&A Expenses to Revenue	5.83%	6.68%	6.31%	8.48%	5.19%	5.15%	6.00%	4.76%	4.61%	5.02%	3.55%
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	10.56%	11.37%	10.03%	18.96%	8.66%	9.59%	10.19%	12.10%	8.24%	8.79%	6.21%
Earnings before Interest and Taxes (EBIT)	76	80	75	-81	102	86	72	30	131	69	88
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	146	145	140	-11	172	156	146	104	204	141	159
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	18.68	2.97	1.28	1.33	1.89	0.21	0.47	1.07
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)	0.22	0.19	0.20	0.22	0.20	0.13	0.13	0.09	0.02	0.04	0.04
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	24.81	14.11	21.46	14.79	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%	0.00%	4.03%	7.08%	4.66%	6.76%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.41	1.36	1.40	1.41	1.25	1.56	1.69	1.09	1.32	1.35	1.01
Enterprise Value to Revenue (EV/Rev)	0.90	0.84	0.78	0.75	0.69	0.57	0.56	0.52	0.43	0.47	0.52
Enterprise Value to EBITDA (EV/EBITDA)	12.63	11.69	11.49	11.30	8.74	7.12	7.34	7.40	6.40	8.15	8.82
Enterprise Value to EBIT (EV/EBIT)	35.33	29.58	28.73	29.01	17.34	13.59	14.45	14.18	12.04	17.72	19.38
Enterprise Value to NOPAT (EV/NOPAT)	51.90	43.28	41.65	42.09	17.64	15.01	16.14	15.67	13.67	25.41	27.88
Enterprise Value to Operating Cash Flow (EV/OCF)	17.99	22.32	17.37	13.91	10.94	7.15	8.78	10.12	10.18	23.80	21.91
Enterprise Value to Free Cash Flow (EV/FCFF)	13.53	0.00	0.00	9.72	0.00	6.17	1.86	0.00	2.59	4.95	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.33	4.25	3.96	2.85	1.90	2.04	2.10	2.17	2.39	2.67	2.63
Long-Term Debt to Equity	4.31	4.24	3.95	2.85	1.90	2.04	2.10	2.17	2.16	2.67	2.63
Financial Leverage	2.68	2.16	2.02	2.39	1.55	1.26	1.75	1.84	2.44	1.73	2.11
Leverage Ratio	4.80	5.00	4.82	4.52	4.08	4.42	4.40	4.46	5.73	4.64	4.67
Compound Leverage Factor	0.90	0.23	0.36	13.18	1.83	1.46	1.20	-4.84	2.57	0.28	1.22
Debt to Total Capital	81.23%	80.95%	79.82%	74.05%	65.53%	67.07%	67.69%	68.43%	70.47%	72.76%	72.45%
Short-Term Debt to Total Capital	0.23%	0.20%	0.21%	0.18%	0.00%	0.00%	0.00%	0.00%	6.64%	0.05%	0.05%
Long-Term Debt to Total Capital	81.00%	80.74%	79.61%	73.87%	65.53%	67.07%	67.69%	68.43%	63.83%	72.71%	72.40%
Preferred Equity to Total Capital	9.16%	9.01%	9.19%	9.05%	8.51%	0.00%	0.00%	8.34%	0.00%	0.00%	7.45%
Noncontrolling Interests to Total Capital	15.06%	14.82%	15.07%	14.79%	13.84%	13.67%	13.70%	13.59%	12.41%	11.97%	12.14%
Common Equity to Total Capital	-5.45%	-4.78%	-4.07%	2.12%	12.12%	19.26%	18.61%	9.64%	17.12%	15.27%	7.96%
Debt to EBITDA	7.36	7.01	6.61	6.16	4.64	4.56	4.71	4.69	5.25	6.49	6.38
Net Debt to EBITDA	7.30	6.96	6.56	6.03	4.61	4.52	4.66	4.65	5.21	6.44	6.34
Long-Term Debt to EBITDA	7.34	6.99	6.59	6.14	4.64	4.56	4.71	4.69	4.76	6.49	6.38
Debt to NOPAT	30.23	25.96	23.95	22.93	9.37	9.61	10.36	9.93	11.22	20.24	20.19
Net Debt to NOPAT	29.99	25.76	23.76	22.46	9.30	9.52	10.25	9.84	11.13	20.09	20.05
Long-Term Debt to NOPAT	30.15	25.90	23.89	22.88	9.37	9.61	10.36	9.93	10.16	20.22	20.18
Altman Z-Score	1.51	1.54	1.67	1.61	1.72	1.61	1.72	1.76	1.65	1.67	1.60
Noncontrolling Interest Sharing Ratio	86.38%	70.78%	70.70%	79.12%	53.67%	42.69%	56.49%	57.45%	44.54%	57.02%	57.09%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.20	1.21	1.15	1.21	1.23	1.20	1.20	1.16	1.02	1.36	1.26
Quick Ratio	0.93	0.88	0.88	0.87	0.92	0.89	0.91	0.94	0.77	0.95	0.94
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	366	-974	-1,048	357	-973	500	2,144	-918	1,330	765	-1,118
Operating Cash Flow to CapEx	270.15%	7.73%	-41.00%	592.56%	551.80%	181.51%	375.67%	15,425.31%	1,173.15%	-74.66%	7.28%
Free Cash Flow to Firm to Interest Expense	5.81	-12.58	-15.03	2.28	-17.01	8.53	40.67	-14.22	18.16	11.63	-17.03
Operating Cash Flow to Interest Expense	2.44	0.09	-0.26	0.97	1.62	1.30	1.05	3.69	3.26	-0.52	0.04
Operating Cash Flow Less CapEx to Interest Expense	1.54	-1.04	-0.89	0.81	1.33	0.58	0.77	3.67	2.98	-1.21	-0.48
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.16	1.19	1.33	1.33	1.31	1.30	1.35	1.51	1.53	1.52	1.47
Accounts Receivable Turnover	6.64	6.62	8.18	7.53	6.90	6.65	7.08	8.03	8.39	9.15	8.27
Inventory Turnover	29.84	23.86	33.46	43.63	28.82	22.14	27.82	38.84	28.73	25.00	29.48
Fixed Asset Turnover	2.77	3.65	3.96	3.22	4.17	5.57	4.19	4.58	4.73	4.59	4.27
Accounts Payable Turnover	6.78	6.33	8.22	7.30	7.10	6.35	7.04	7.60	8.53	9.16	8.43
Days Sales Outstanding (DSO)	55.00	55.14	44.61	48.48	52.93	54.86	51.53	45.46	43.52	39.87	44.15
Days Inventory Outstanding (DIO)	12.23	15.29	10.91	8.37	12.67	16.49	13.12	9.40	12.70	14.60	12.38
Days Payable Outstanding (DPO)	53.85	57.65	44.40	50.02	51.42	57.46	51.83	48.01	42.78	39.83	43.28
Cash Conversion Cycle (CCC)	13.39	12.79	11.12	6.83	14.18	13.88	12.82	6.84	13.44	14.64	13.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,771	3,840	3,766	3,723	4,060	2,795	2,579	4,137	2,985	3,209	4,652
Invested Capital Turnover	1.51	1.88	2.12	1.77	2.09	2.55	2.16	2.37	2.55	2.59	2.21
Increase / (Decrease) in Invested Capital	-290	1,045	1,186	-414	1,075	-415	-2,073	939	-1,227	-705	1,206
Enterprise Value (EV)	5,301	5,217	5,262	5,232	5,055	4,347	4,370	4,507	3,928	4,332	4,677
Market Capitalization	1,317	1,190	1,341	1,522	1,476	1,021	1,026	760	163	340	397
Book Value per Share	($1.57)	($1.39)	($1.17)	$0.61	$3.76	$6.06	$5.84	$3.07	$6.00	$5.54	$2.85
Tangible Book Value per Share	($13.23)	($13.09)	($12.96)	($11.27)	($9.18)	($3.93)	($2.88)	($10.42)	($3.64)	($4.34)	($11.39)
Total Capital	3,801	3,866	3,791	3,850	4,096	4,149	4,142	4,176	4,576	4,743	4,675
Total Debt	3,088	3,130	3,026	2,851	2,684	2,782	2,804	2,858	3,225	3,451	3,387
Total Long-Term Debt	3,079	3,122	3,018	2,844	2,684	2,782	2,804	2,858	2,921	3,448	3,385
Net Debt	3,063	3,105	3,002	2,792	2,664	2,759	2,776	2,831	3,198	3,425	3,364
Capital Expenditures (CapEx)	57	87	44	26	17	42	15	1.55	20	46	34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	173	178	128	170	252	253	188	177	333	433	359
Debt-free Net Working Capital (DFNWC)	178	182	134	209	253	256	196	182	337	438	359
Net Working Capital (NWC)	169	174	126	202	253	256	196	182	34	435	357
Net Nonoperating Expense (NNE)	62	68	128	179	56	57	52	55	44	56	65
Net Nonoperating Obligations (NNO)	3,057	3,103	3,000	2,724	2,648	1,428	1,241	2,819	1,634	1,918	3,364
Total Depreciation and Amortization (D&A)	70	65	65	70	70	70	73	74	74	72	71
Debt-free, Cash-free Net Working Capital to Revenue	2.91%	2.85%	1.91%	2.44%	3.41%	3.32%	2.41%	2.03%	3.63%	4.70%	4.00%
Debt-free Net Working Capital to Revenue	3.01%	2.92%	1.99%	3.00%	3.42%	3.35%	2.51%	2.10%	3.67%	4.75%	4.01%
Net Working Capital to Revenue	2.86%	2.80%	1.87%	2.90%	3.42%	3.35%	2.51%	2.10%	0.37%	4.72%	3.99%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.12)	($0.21)	($0.14)	$0.00	$0.00	($0.05)	($0.11)	$0.00	$0.20	($0.21)	($0.04)
Adjusted Weighted Average Basic Shares Outstanding	264.03M	264.55M	265.03M	264.29M	132.22M	263.85M	263.85M	262.01M	131.02M	130.70M	130.70M
Adjusted Diluted Earnings per Share	($0.12)	($0.21)	($0.14)	$0.00	$0.00	($0.05)	($0.11)	$0.00	$0.19	($0.21)	($0.04)
Adjusted Weighted Average Diluted Shares Outstanding	264.03M	264.55M	265.03M	264.29M	132.50M	263.85M	263.85M	262.01M	134.49M	130.70M	130.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($0.05)	($0.11)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	130.70M	130.70M
Normalized Net Operating Profit after Tax (NOPAT)	58	73	45	15	101	101	70	78	78	67	61
Normalized NOPAT Margin	3.73%	5.41%	3.24%	0.95%	5.38%	5.49%	4.35%	3.80%	3.63%	3.31%	2.44%
Pre Tax Income Margin	0.92%	0.27%	0.41%	-14.42%	2.46%	1.55%	1.22%	-1.61%	2.75%	0.21%	0.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.21	1.03	1.08	-0.51	1.79	1.47	1.37	0.47	1.79	1.04	1.34
NOPAT to Interest Expense	1.22	0.93	1.98	-0.37	1.77	1.45	1.36	0.33	1.41	0.91	1.34
EBIT Less CapEx to Interest Expense	0.30	-0.10	0.45	-0.68	1.49	0.76	1.09	0.45	1.51	0.35	0.82
NOPAT Less CapEx to Interest Expense	0.32	-0.20	1.35	-0.53	1.48	0.74	1.08	0.31	1.13	0.21	0.82
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-219.85%	-240.54%	-261.57%	-125.68%	2.82%	2.30%	2.85%	3.80%	3.21%	-8.89%	-8.18%
Augmented Payout Ratio	-224.20%	-241.79%	-261.57%	-125.74%	3.05%	2.30%	2.85%	3.99%	3.41%	-8.89%	-8.18%

Frequently Asked Questions About NGL Energy Partners' Financials

When does NGL Energy Partners's financial year end?

According to the most recent income statement we have on file, NGL Energy Partners' fiscal year ends in March. Their fiscal 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 5/25/2025 by MarketBeat.com Staff

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NGL Energy Partners (NGL) Financials

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