NGL NYSE
NGL Energy Partners LP
1W: +5.6%
1M: +9.8%
3M: +5.3%
YTD: +65.0%
1Y: +158.9%
3Y: +290.9%
5Y: +485.7%
$16.20
+0.30 (+1.89%)
Weekly Expected Move ±5.3%
$14
$15
$16
$16
$17
Credit Risk of going bust: higher than 79% of companies Debt: 62.7% of company value Bonds: $168.6M held by 251 funds, 272 bp over Treasuries → details ▾
Of US companies ranked in the third-riskiest tenth, about 1 in 140 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.79 (down 89%), NGL Energy Partners LP would be worth roughly what it owes.
Total debt $3.39B against a stock market value of $2.02B.
Distance to default 2.72 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $1.64B (short-term plus half of long-term), stock volatility 51.3%; Altman Z'' 0.86. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $1.79 (down 89%), NGL Energy Partners LP would be worth roughly what it owes.
Total debt $3.39B against a stock market value of $2.02B.
Distance to default 2.72 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $1.64B (short-term plus half of long-term), stock volatility 51.3%; Altman Z'' 0.86. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$3.2B
-9.0% ▼
5Y CAGR: -9.6%
Gross Profit
$747M
+5.6% ▲
5Y CAGR: +0.4%
Operating Income
$384M
+16.7% ▲
Net Income
-$180M
-557.7% ▼
EPS (Diluted)
$-3.49
-481.7% ▼
EBITDA
$344M
-42.2% ▼
5Y CAGR: -3.4%
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Revenue | $7.9B | $8.7B | $4.2B | $3.5B | $3.2B |
| YoY Growth | +52.1% | +9.4% | -20.0% | -16.5% | -9.0% |
| Cost of Revenue | $7.4B | $5.0B | $3.5B | $2.8B | $2.4B |
| Gross Profit | $520M | $716M | $702M | $707M | $747M |
| Gross Margin | 6.5% | 8.2% | 16.9% | 20.4% | 23.7% |
| R&D Expenses | $0 | $0 | $0 | $0 | $0 |
| SG&A Expenses | $64M | $71M | $122M | $56M | $363M |
| Operating Expenses | $437M | $473M | $540M | $378M | $363M |
| Operating Income | $83M | $244M | $162M | $329M | $384M |
| Operating Margin | 1.0% | 2.8% | 3.9% | 9.5% | 12.2% |
| Interest Expense | $255M | $259M | $255M | $280M | $254M |
| Income Before Tax | -$183M | $9M | -$156M | $60M | -$179M |
| Tax Expense | $971K | $219K | $1M | -$5M | -$276K |
| Net Income | -$185M | $51M | -$144M | $39M | -$180M |
| Net Margin | -2.3% | 0.6% | -3.5% | 1.1% | -5.7% |
| EPS (Diluted) | $-2.22 | $-0.56 | $-2.14 | $-0.60 | $-3.49 |
| EBITDA | $378M | $558M | $380M | $595M | $344M |
| Shares Outstanding | 130M | 131M | 132M | 132M | 127M |