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NGL Energy Partners LP (NGL)


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Upturn Advisory Summary
10/17/2025: NGL (3-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $5
1 Year Target Price $5
0 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 61.49% | Avg. Invested days 53 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 787.54M USD | Price to earnings Ratio - | 1Y Target Price 5 |
Price to earnings Ratio - | 1Y Target Price 5 | ||
Volume (30-day avg) 1 | Beta 0.35 | 52 Weeks Range 2.64 - 7.15 | Updated Date 10/18/2025 |
52 Weeks Range 2.64 - 7.15 | Updated Date 10/18/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.6 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 2.96% | Operating Margin (TTM) 14.19% |
Management Effectiveness
Return on Assets (TTM) 5.14% | Return on Equity (TTM) 11.13% |
Valuation
Trailing PE - | Forward PE 47.62 | Enterprise Value 3740837898 | Price to Sales(TTM) 0.24 |
Enterprise Value 3740837898 | Price to Sales(TTM) 0.24 | ||
Enterprise Value to Revenue 1.12 | Enterprise Value to EBITDA 6.12 | Shares Outstanding 127847423 | Shares Floating 114272584 |
Shares Outstanding 127847423 | Shares Floating 114272584 | ||
Percent Insiders 10.5 | Percent Institutions 47.84 |
Upturn AI SWOT
NGL Energy Partners LP
Company Overview
History and Background
NGL Energy Partners LP was founded in 2010. It has grown through acquisitions and organic projects, focusing on diverse midstream energy services.
Core Business Areas
- Crude Oil Logistics: Provides crude oil gathering, transportation, storage, blending, and marketing services. This includes pipeline systems, truck fleets, and terminal facilities.
- Water Solutions: Offers services for the treatment, storage, and disposal of wastewater generated from crude oil and natural gas production.
- Refined Products and Renewables: Involves the marketing and distribution of refined products like gasoline and diesel, as well as investing in renewable energy initiatives.
- NGL Logistics: Focuses on the storage, transportation, and marketing of natural gas liquids (NGLs) such as propane and butane.
Leadership and Structure
NGL Energy Partners LP is led by a management team headed by the CEO and operates with a structure typical of master limited partnerships (MLPs).
Top Products and Market Share
Key Offerings
- Crude Oil Gathering and Transportation: Provides logistical solutions for moving crude oil from production sites to refineries and other end markets. Competitors include Plains All American Pipeline (PAA), Enterprise Products Partners (EPD). Market share data for specific crude oil gathering areas varies widely and is not easily available company-wide.
- Wastewater Disposal: Operates disposal wells and treatment facilities for wastewater generated from oil and gas operations. Competitors include Select Water Solutions (WTTR) and WaterBridge Resources. Similar to crude oil gathering, market share is highly localized and difficult to obtain for the entire company.
- Propane Distribution: NGL Energy Partners is a key player in this market with a significant portion of its refined products business geared toward the distribution of propane to commercial, industrial and agricultural clients. Market Share is difficult to approximate. Key competitors include Suburban Propane and AmeriGas
Market Dynamics
Industry Overview
The midstream energy sector is characterized by fluctuating commodity prices, regulatory changes, and increasing focus on environmental sustainability. Demand for crude oil and natural gas, as well as water disposal services, drives activity.
Positioning
NGL Energy Partners LP aims to provide integrated services across the midstream value chain, focusing on strategic assets and geographic locations. Competitive advantages include its diversified service offerings and established infrastructure.
Total Addressable Market (TAM)
TAM for midstream services is in the hundreds of billions of dollars annually. NGL's position allows them to capture a portion of this market through various segments like crude oil, water solutions and NGL logistics.
Upturn SWOT Analysis
Strengths
- Diversified service offerings
- Strategic asset locations
- Integrated midstream capabilities
- Experienced management team
Weaknesses
- High debt levels
- Sensitivity to commodity price fluctuations
- Environmental liabilities
- Complexity of partnership structure
Opportunities
- Expansion into renewable energy markets
- Acquisition of complementary assets
- Increased demand for water disposal services
- Development of new infrastructure projects
Threats
- Regulatory changes impacting oil and gas production
- Increased competition in the midstream sector
- Decline in commodity prices
- Environmental regulations and potential liabilities
Competitors and Market Share
Key Competitors
- PAA
- EPD
- WTTR
Competitive Landscape
NGL Energy Partners LP competes with larger, more established companies in the midstream sector. Its advantages include specialized services and strategic asset locations, while disadvantages include higher debt and smaller scale.
Major Acquisitions
Hillstone Environmental Partners
- Year: 2017
- Acquisition Price (USD millions): 600
- Strategic Rationale: Expanded water solutions business and geographic footprint.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by acquisitions and organic projects. However, the company has faced challenges with integration and profitability.
Future Projections: Future growth is projected to depend on successful execution of strategic initiatives, improvements in operational efficiency, and a supportive commodity price environment. Analyst estimates vary widely.
Recent Initiatives: Recent initiatives include focusing on debt reduction, optimizing existing assets, and exploring opportunities in renewable energy.
Summary
NGL Energy Partners LP is a midstream energy company with diversified operations. While it has strategic assets and integrated services, high debt and sensitivity to commodity prices pose significant challenges. Future success depends on efficient operations, debt reduction, and capitalizing on growth opportunities in water solutions and renewable energy. NGL's financial instability is concerning.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Industry reports
- Analyst estimates
- Company website
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About NGL Energy Partners LP
Exchange NYSE | Headquaters Tulsa, OK, United States | ||
IPO Launch date 2011-05-12 | President, CEO, & Director of NGL Energy Holdings LLC Mr. H. Michael Krimbill | ||
Sector Energy | Industry Oil & Gas Midstream | Full time employees 569 | |
Full time employees 569 |
NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products/renewables, and water solutions in the United States. It operates through three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from crude oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water. The Crude Oil Logistics segment purchases crude oil from producers and marketers and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, and transportation services through pipelines and storage tanks. The Liquids Logistics segment natural gas liquids to commercial, retail and industrial customers across the United States and Canada through its five terminals, third-party storage and terminal facilities, nine common carrier pipelines and a fleet of leased railcars. This segment also provides services for marine exports of butane through its facility located in Chesapeake, Virginia; and owns a propane pipeline in Michigan. NGL Energy Holdings LLC serves as the general partner of the company. NGL Energy Partners LP was founded in 1940 and is headquartered in Tulsa, Oklahoma.

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