NGL Energy Partners LP (NGL)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
NGL Energy Partners LP (NGL) trades at $15.04 with AI Score 49/100 (Grade C). NGL Energy Partners LP is involved in the transportation, storage, blending, and marketing of energy and water-related products. Market cap: $1.88B, Sector: Energy.
Price live · AI analysis from May 4, 2026Analyst Coverage for NGL: NGL does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NGL against Energy peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
NGL: the 1 perspectives are evenly split.
How is this calculated? →NGL Energy Partners LP (NGL) Energy Operations & Outlook
NGL Energy Partners LP is a diversified midstream energy company focused on transporting, storing, and marketing crude oil, natural gas liquids, refined products, and water solutions. Operating across three segments, NGL serves commercial, retail, and industrial customers in the United States and Canada, positioning itself as a key player in the energy value chain.
What Is the Investment Thesis for NGL?
NGL Energy Partners LP presents a compelling, albeit complex, investment case. With a P/E ratio of 11.9 and a profit margin of 5.0%, the company demonstrates profitability within the energy sector. Key value drivers include its diversified operations across water solutions, crude oil logistics, and liquids logistics, allowing it to capture value at various points in the energy value chain. Growth catalysts include increasing demand for water solutions in oil and gas production, expansion of its terminal and pipeline infrastructure, and potential acquisitions to expand its market presence. However, potential risks include fluctuations in commodity prices, regulatory changes impacting water disposal and transportation, and competition from larger, more established midstream companies. Investors should carefully weigh these factors when considering an investment in NGL.
Based on FMP financials and quantitative analysis
NGL Key Highlights
- Market capitalization of $1.88B reflects its position as a mid-sized player in the energy midstream sector.
- P/E ratio of 11.9 indicates a potentially undervalued stock compared to its earnings.
- Gross margin of 23.8% demonstrates its ability to generate profit from its operations.
- Beta of 0.39 suggests lower volatility compared to the overall market, potentially appealing to risk-averse investors.
- The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics, providing diversification.
Who Are NGL's Competitors?
NGL is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| EPD Enterprise Products Partners L.P. | $36.47 | -0.76% | 79B | 65 |
| KMI Kinder Morgan, Inc. | $31.68 | -1.20% | $70.47B | 61 |
| VG Venture Global, Inc. | $10.87 | -2.38% | $26.53B | 65 |
| OKE ONEOK, Inc. | $87.27 | -0.64% | $54.98B | 64 |
| GLNG Golar LNG Limited | $49.35 | +0.69% | $5.02B | 64 |
| ENB Enbridge Inc. | $53.77 | -0.58% | $117.41B | 61 |
| KEY.TO Keyera Corp. | $56.46 | -0.60% | $12.95B | 49 |
| TNK Teekay Tankers Ltd. | $69.52 | +2.84% | $2.41B | 49 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NGL's Key Strengths?
- Diversified operations across multiple segments.
- Strategic asset locations in key energy producing regions.
- Expertise in water solutions for the oil and gas industry.
- Established relationships with producers and refiners.
What Are NGL's Weaknesses?
- Exposure to commodity price fluctuations.
- Dependence on oil and gas production levels.
- Smaller scale compared to larger midstream competitors.
- High debt levels.
What Could Drive NGL Stock Higher?
- Increasing demand for water solutions in oil and gas production due to stricter environmental regulations.
- Potential acquisitions to expand market presence and service offerings.
- Infrastructure development projects to increase capacity and efficiency.
- Potential for new partnerships and collaborations in the renewable energy sector.
What Are the Key Risks for NGL?
- Financial-distress signal — its Altman Z-Score of 1.34 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-36.8%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Fluctuations in commodity prices impacting profitability.
- Regulatory changes impacting water disposal and transportation costs.
- Competition from larger, more established midstream companies.
- Economic downturn impacting energy demand and production levels.
- Geopolitical events disrupting energy markets.
What Are the Growth Opportunities for NGL?
- Expansion of Water Solutions Segment: The increasing focus on sustainable water management in the oil and gas industry presents a significant growth opportunity for NGL's Water Solutions segment. As environmental regulations become stricter and water scarcity becomes more prevalent, the demand for water treatment, recycling, and disposal services is expected to rise. NGL can capitalize on this trend by expanding its water infrastructure and developing innovative water treatment technologies. The market for oilfield water management is projected to reach $40 billion by 2028, providing a substantial addressable market for NGL.
- Strategic Acquisitions: NGL can pursue strategic acquisitions to expand its geographic footprint and service offerings. By acquiring smaller midstream companies or assets, NGL can gain access to new markets, increase its pipeline and terminal capacity, and diversify its customer base. Targeted acquisitions in key shale basins or areas with growing energy production can enhance NGL's competitive position and drive long-term growth. This strategy allows NGL to consolidate its position in a fragmented market and achieve economies of scale.
- Infrastructure Development: Investing in new pipeline and terminal infrastructure can enhance NGL's capacity to transport and store crude oil, natural gas liquids, and refined products. Expanding its infrastructure network will enable NGL to serve a wider range of customers and capitalize on growing energy demand. This includes building new pipelines to connect production areas with refineries and export terminals, as well as expanding storage capacity to accommodate increased volumes. These infrastructure projects can generate long-term revenue streams and strengthen NGL's competitive advantage.
- Renewable Energy Initiatives: NGL can explore opportunities to integrate renewable energy sources into its operations. This includes investing in biodiesel production, developing renewable natural gas projects, or partnering with renewable energy companies to transport and store renewable fuels. By diversifying into renewable energy, NGL can reduce its carbon footprint, attract environmentally conscious investors, and position itself for long-term growth in a changing energy landscape. The global renewable energy market is expected to reach $2.15 trillion by 2027, offering significant opportunities for NGL.
- Marine Export Expansion: NGL's marine export facility in Chesapeake, Virginia, provides a platform for expanding its export capabilities. By increasing its butane export capacity and targeting new international markets, NGL can capitalize on growing global demand for natural gas liquids. This includes investing in additional storage and loading infrastructure, as well as developing relationships with international customers. Expanding its marine export business will diversify NGL's revenue streams and reduce its reliance on domestic markets.
What Opportunities Does NGL Have?
- Expansion of water solutions business.
- Strategic acquisitions to expand market presence.
- Infrastructure development to increase capacity.
- Diversification into renewable energy.
What Threats Does NGL Face?
- Regulatory changes impacting water disposal and transportation.
- Competition from larger, more established midstream companies.
- Decline in oil and gas production.
- Economic downturn impacting energy demand.
What Are NGL's Competitive Advantages?
- Extensive network of pipelines and terminals.
- Strategic locations in key energy production areas.
- Integrated service offerings across multiple segments.
- Expertise in water solutions for the oil and gas industry.
What Does NGL Do?
Founded in 1940 and headquartered in Tulsa, Oklahoma, NGL Energy Partners LP has evolved into a significant player in the midstream energy sector. The company operates through three primary segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment focuses on the transportation, treatment, recycling, and disposal of produced and flowback water generated from oil and natural gas production. This segment also aggregates and sells recovered crude oil, disposes of solids, and offers truck and frac tank washouts. The Crude Oil Logistics segment purchases crude oil from producers and marketers, transporting it to refineries via pipelines, storage terminals, barge loading facilities, rail facilities, and other trade hubs. It also provides storage, terminaling, and transportation services. The Liquids Logistics segment supplies natural gas liquids, refined petroleum products, and biodiesel to commercial, retail, and industrial customers in the United States and Canada. This is facilitated through its 24 terminals, third-party storage facilities, nine common carrier pipelines, and a fleet of leased railcars. The segment is also involved in the marine export of butane through its facility in Chesapeake, Virginia. NGL Energy Holdings LLC serves as the general partner of the company, guiding its strategic direction and operational execution.
What Products and Services Does NGL Offer?
- Transports crude oil, natural gas liquids, and refined products.
- Stores crude oil, natural gas liquids, and refined products.
- Blends crude oil, natural gas liquids, and refined products.
- Markets crude oil, natural gas liquids, and refined products.
- Provides water solutions for oil and natural gas production.
- Treats and recycles produced and flowback water.
- Disposes of produced and flowback water.
- Aggregates and sells recovered crude oil.
How Does NGL Make Money?
- Generates revenue from transportation and storage fees.
- Profits from the sale of crude oil, natural gas liquids, and refined products.
- Provides water treatment and disposal services for a fee.
- Engages in butane marine export.
What Industry Does NGL Operate In?
NGL Energy Partners LP operates within the dynamic and competitive oil & gas midstream industry. This sector is characterized by the transportation, storage, and processing of crude oil, natural gas, and related products. Market trends include increasing demand for midstream services driven by growing oil and gas production, particularly in shale basins. The competitive landscape includes major players like Enterprise Products Partners and Kinder Morgan, as well as smaller regional operators. NGL differentiates itself through its integrated service offerings, including water solutions, which is becoming increasingly important due to environmental regulations and water scarcity concerns.
Who Are NGL's Key Customers?
- Oil and gas producers
- Refineries
- Commercial customers
- Retail customers
- Industrial customers
How NGL Energy Partners LP Is Valued
NGL Energy Partners LP carries a market capitalization of $1.88B, placing it in the small-cap category. Relative to its peer group, NGL's quantitative score of 49/100 is below the peer average of 64/100.
Company Profile
NGL Energy Partners LP operates in the Oil & Gas Midstream industry within the Energy sector. It is headquartered in Tulsa, US. The company is led by CEO H. Michael Krimbill. NGL has traded publicly since 2011.
ROE -37%Key Financial Metrics
Return on equity for NGL Energy Partners LP stands at -36.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -4.3%, showing how much profit it generates from its asset base. Its free cash flow yield is 12.9%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.05 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -9.0%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 3/9Financial Health
NGL Energy Partners LP's Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 1.34 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project NGL Energy Partners LP revenue of about $3.15B for fiscal 2026, with EPS near $0.34.
NGL Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2026
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in NGL's future, indicating that those closest to the company believe in its potential.
- Community sentiment has shifted positively as discussions around sustainability and energy transition gain traction, reflecting an optimistic outlook.
- Recent partnerships and contracts have strengthened NGL's market position, showcasing its ability to adapt and grow in a competitive landscape.
- Market perception is buoyed by increasing demand for energy infrastructure, which NGL is well-positioned to capitalize on.
Bear Case
- Concerns about regulatory changes in the energy sector have created uncertainty, leading to a more cautious sentiment among investors.
- Recent bearish commentary from analysts highlights potential operational challenges that could impact NGL's profitability.
- Social media discussions reflect skepticism about NGL’s ability to maintain its competitive edge amidst evolving industry dynamics.
- Overall market volatility has led to increased risk aversion, with many investors hesitant to commit to energy sector stocks like NGL.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
NGL Latest News
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Top 2 Energy Stocks That May Fall Off A Cliff This Month
benzinga · May 18, 2026
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Earnings Scheduled For November 4, 2025
benzinga · Nov 4, 2025
NGL Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NGL.
Price Targets
Wall Street price target analysis for NGL.
NGL MoonshotScore
What does this score mean?
The MoonshotScore rates NGL's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: H. Michael Krimbill
CEO
H. Michael Krimbill serves as the Chief Executive Officer of NGL Energy Partners LP. His career spans several decades in the energy industry, with a focus on midstream operations and infrastructure development. He has held various leadership positions in energy companies, bringing extensive experience in strategic planning, business development, and operational management. Krimbill's expertise includes a deep understanding of the energy value chain, from production to transportation and marketing. He is responsible for guiding NGL's strategic direction and overseeing its day-to-day operations.
Track Record: Under H. Michael Krimbill's leadership, NGL Energy Partners LP has focused on expanding its water solutions business and optimizing its existing infrastructure assets. Key achievements include strategic acquisitions to enhance its market presence and investments in new technologies to improve operational efficiency. Krimbill has also overseen efforts to strengthen the company's financial position and navigate the challenges of a volatile energy market. His focus has been on driving sustainable growth and creating long-term value for shareholders.
NGL Energy Partners LP Energy Stock: Key Questions Answered
What does NGL Energy Partners LP do?
NGL Energy Partners LP is a midstream energy company that focuses on providing essential services for the oil and gas industry. The company operates through three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. These segments encompass the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products, and water solutions. NGL plays a crucial role in connecting energy producers with end-users, ensuring the efficient and reliable flow of energy resources across North America. The company's integrated service offerings and strategic asset locations position it as a key player in the energy value chain.
What do analysts say about NGL stock?
Analyst consensus on NGL Energy Partners LP reflects a mixed outlook, with some highlighting the company's growth potential in the water solutions segment and others expressing concerns about its debt levels and exposure to commodity price fluctuations. Key valuation metrics, such as the P/E ratio, suggest that the stock may be undervalued compared to its earnings. However, investors should carefully consider the risks associated with the energy sector and the company's specific financial situation. Growth considerations include the potential for strategic acquisitions and infrastructure development projects to drive long-term value creation. It is important to consult multiple sources of analyst research and conduct thorough due diligence before making any investment decisions.
What are the main risks for NGL?
NGL Energy Partners LP faces several key risks that investors should be aware of. One of the primary risks is its exposure to commodity price fluctuations, particularly in crude oil and natural gas liquids. A decline in commodity prices can negatively impact the company's revenue and profitability. Another significant risk is regulatory changes impacting water disposal and transportation, which could increase operating costs and limit the company's ability to provide water solutions services. Competition from larger, more established midstream companies also poses a threat to NGL's market share and profitability. Additionally, an economic downturn could reduce energy demand and production levels, impacting the company's overall performance.
What are the key factors to evaluate for NGL?
NGL Energy Partners LP (NGL) holds an AI score of 49/100 (low). P/E: 11.9x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does NGL data refresh on this page?
NGL prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven NGL's recent stock price performance?
NGL Energy Partners LP (NGL) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Diversified operations across multiple segments. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NGL overvalued or undervalued right now?
NGL Energy Partners LP (NGL) trades at 11.9x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying NGL?
Before investing in NGL Energy Partners LP (NGL), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on publicly available sources and may be subject to change.
- Financial data is as of the latest available reporting period.