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Upturn AI Summary - About
NGL Energy Partners LP(NGL)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for NGL
09/28/2026: NGL (4-star) is currently NOT-A-BUY. Pass it for now.
NGL Energy Partners LP is a midstream company providing essential water management and crude oil logistics services, primarily in the Permian Basin. Its main strength lies in its extensive, contract-backed water pipeline infrastructure, which remains critical to producers. The company's growth story is currently focused on leveraging its water recycling capabilities to meet ESG-related demand. However, risks include high leverage, geographic concentration in the Permian, and regulatory hurdles regarding water disposal. NGL may suit value-oriented investors looking for exposure to energy infrastructure, provided they monitor the company's deleveraging progress and its ability to navigate long-term environmental regulation.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Growth is largely driven by organic project returns rather than the aggressive expansion seen in the past. |
| Momentum investor | Weak fit | The stock often trends with broader energy sector sentiment rather than independent technical momentum. |
| Value investor | Strong fit while signal remains positive | The company trades at valuations often reflective of its leverage profile, offering potential value if deleveraging succeeds. |
| Dividend investor | Mixed fit | While distributions exist, the company has prioritized debt repayment over high dividend payouts. |
| Low-risk investor | Weak fit | High leverage and operational risks inherent to the midstream sector create significant volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | Commodity price swings directly affect producer activity and throughput volumes. |
| Valuation risk | Medium | Market sentiment toward debt-heavy MLPs can lead to significant valuation swings. |
| Competition risk (Midstream competition) | Medium / high | Larger competitors with lower costs of capital can exert pricing pressure. |
| Business quality | Medium | The Water Solutions business is high-quality, but legacy debt challenges the overall profile. |
| Dividend income | Medium | Distributions remain secondary to the strategic goal of long-term deleveraging. |
| Execution risk | Medium | Success depends on maintaining complex water pipeline systems and managing regulatory requirements. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 204.3% | Avg. Invested days 57 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 09/28/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.87B USD | Price to earnings Ratio - | 1Y Target Price 5 |
Price to earnings Ratio - | 1Y Target Price 5 | ||
Volume (30-day avg) 204.7K shares | Beta 0.66 | 52 Weeks Range 5.80 - 19.06 | Updated Date 09/27/2026 |
52 Weeks Range 5.80 - 19.06 | Updated Date 09/27/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -3.28 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Water Solutions | Pipeline transport, disposal, and recycling of produced water. | The company makes money charging producers to move and treat the wastewater generated during oil drilling. |
| Crude Oil Logistics | Gathering, storage, and transportation of crude oil. | Revenue is earned by providing the infrastructure that moves oil from wells to major pipelines and refineries. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE - | Forward PE 46.08 | Enterprise Value 5.38B | Price to Sales(TTM) 0.53 |
Enterprise Value 5.38B | Price to Sales(TTM) 0.53 | ||
Enterprise Value to Revenue 1.53 | Enterprise Value to EBITDA 13.92 | Shares Outstanding 123.81M | Shares Floating 111.35M |
Shares Outstanding 123.81M | Shares Floating 111.35M | ||
Percent Insiders 11.91 | Percent Institutions 60.56 |
Upturn AI Summary
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.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About NGL Energy Partners LP
Exchange NYSE | Headquarters 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 449 | |
Full time employees 449 | |||
NGL Energy Partners LP engages in the crude oil, condensate, natural gas liquids, crude oil and produced water businesses 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 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 offers 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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