Stocks · Energy · Oil & Gas Midstream

NGL Energy Partners LP NGL

$16.29 +4.42% Close, Oct 2, 2026 · NYSE · Market cap $2.03B

Strong trend

Next earnings report: Nov 3, 2026

Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.

Three things to know

  1. Over the past year the stock returned +168.8%, ahead of the S&P 500 by 153.7 percentage points.
  2. Net debt is 4.9× EBITDA, a high level of leverage.
  3. The stock is in an uptrend: above its 200-day average for 290 trading days, with the 50-day average above the 200-day.

PromtFinance scores

Each score is a percentile within the Energy sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.

Growth25Very weak

How fast revenue, earnings and cash flow are growing.

  • Revenue growth (TTM, YoY)Bottom 5%
  • FCF growth (TTM, YoY)Top 29%
  • Revenue growth, 3-year CAGRBottom 10%
  • Revenue growth accelerationTop 31%
Quality46Neutral

Returns on capital, margins, earnings quality and balance-sheet strength.

  • Return on invested capitalTop 24%
  • Gross marginBottom 39%
  • Operating marginBottom 48%
  • Accruals (lower is better)Top 10%
  • Net debt / EBITDA (lower is better)Bottom 12%
  • Interest coverBottom 31%
Value56Neutral

How cheap the shares are relative to earnings, cash flow and their own history.

  • Earnings yieldBottom 10%
  • Free-cash-flow yieldTop 24%
  • EBITDA / enterprise valueTop 37%
  • Sales / enterprise valueTop 33%
Momentum92Exceptional

Strength and persistence of the price trend, including versus the S&P 500.

  • 12-month return excluding last monthTop 1%
  • 6-month returnTop 9%
  • 1-year return vs S&P 500Top 1%
  • Distance from 52-week highTop 36%
  • Trend checklist (0–4)Top 32%
Revisions5Very weak

Earnings surprises and analyst sentiment (estimate-revision history is being collected).

  • Average EPS surprise, last 4 quartersBottom 7%
  • Consecutive EPS beatsTop 50%
  • Share of analysts rating BuyBottom 22%
  • Upside to consensus price targetBottom 1%
Stability27Very weak

Low volatility, shallow drawdowns, low market sensitivity and modest leverage.

  • Volatility, 60 days (lower is better)Bottom 34%
  • Maximum drawdown, 3 yearsBottom 45%
  • Beta vs S&P 500 (lower is better)Top 45%
  • Net debt / EBITDA (lower is better)Bottom 12%

What changed

Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).

MeasureBeforeNow
Revenue growth (YoY)-31.9%-21.6%↑
Gross margin15.9%25.0%↑
Operating margin8.0%12.3%↑
FCF margin3.1%5.9%↑

Fundamental momentum

MeasureNow (TTM)Year / quarter beforeSector rank
Revenue growth (TTM, YoY)-21.6%-31.9%↑Bottom 5%
Gross margin25.0%15.9%↑Bottom 39%
Operating margin12.3%8.0%↑Bottom 48%
Net margin-4.8%2.2%↓—
Free-cash-flow margin5.9%3.1%↑—
Return on invested capital12.0%—Top 24%
Revenue growth, 3-year CAGR-17.8%—Bottom 10%

Quality of earnings and balance sheet

Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
-16.6%
Stock-based compensation / revenueA cost to shareholders through dilution.
0.4%
Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
+57.5 pp
Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
4.85×
Interest cover (operating income / interest)How many times operating profit covers interest.
1.7×

Shareholder returns

Dividend yield (dividends paid, TTM)
0.00%
Net buyback yield (TTM)
17.81%
Shareholder yield
17.81%
Share count change, 1 year
-3.0%
Share count change, 3-year CAGR
-1.0%

Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.

Based on the four quarters through Jun 30, 2026 (filed Aug 4, 2026).

Earnings and expectations

Earnings momentum

Consecutive EPS beats
1
Beats in the last 8 reports
3 of 8
Average EPS surprise, last 4
-100.0%
Average 2-day reaction, last 8
-2.6%
Positive 20 days after report
5 of 8

Analysts

Consensus price target
$2.00
Target vs current price
-87.7%
Analysts with a rating
17
Share rating Buy or Strong Buy
35%
Consensus rating
Hold

How the stock reacted to recent reports

Report dateEPS surprise2 days5 days20 days60 days
Aug 4, 2026+336.4%-0.9%+7.2%+18.6%—
May 28, 2026-2011.1%-3.0%-3.0%-4.6%+0.2%
Feb 3, 2026-37.5%-2.5%-0.6%-3.1%+33.4%
Nov 4, 2025-50.0%+0.1%+46.7%+42.5%+73.6%
Aug 7, 2025+136.4%-1.2%+20.0%+43.2%+59.3%
May 29, 2025+600.0%-6.7%-1.7%+24.3%+42.0%
Feb 10, 2025-192.3%-0.4%-11.4%-14.1%-45.3%
Nov 12, 2024-362.5%-6.1%-1.8%+4.8%+25.0%

Returns from the close before each report. Past reactions do not determine future ones.

Earnings history

Report dateEPSEstimateSurpriseRevenue
Aug 4, 2026$0.48$0.11+336.4%$990.0M
May 28, 2026-$3.44$0.18-2011.1%$949.5M
Feb 3, 2026$0.10$0.16-37.5%$909.8M
Nov 4, 2025$0.02$0.04-50.0%$674.7M
Aug 7, 2025$0.04-$0.11+136.4%$622.2M
May 29, 2025$0.07$0.01+600.0%$971.1M
Feb 10, 2025-$0.12$0.13-192.3%$1.55B
Nov 12, 2024-$0.21$0.08-362.5%$1.35B

Valuation in context

MultipleNow5-year median5-year percentileSector rank (cheapness)
P/E (forward)11.8×———
EV / EBITDA7.8×——Top 37%
EV / Sales1.54×——Top 33%
Free-cash-flow yield10.31%——Top 24%
Earnings yield-18.69%——Bottom 10%

Technical state

Trend checklist

  • ✗ Price above 20-day average
  • ✗ Price above 50-day average
  • ✓ Price above 200-day average
  • ✓ 50-day average above 200-day
  • ✗ MACD histogram positive

Trend quality

Days above the 50-day average
0
Days above the 200-day average
290
50-day average slope (20 days)
+1.9%
200-day average slope (20 days)
+4.9%
Distance from 50-day average
-2.7%
Distance from 200-day average
+14.3%
RSI (14)
50.1
Relative volume
1.16×

Risk and drawdowns

Volatility, 60 days (annualized)
48.8%
Volatility vs own 5-year history
48th percentile · Normal for this stock
Beta vs S&P 500 (2 years, weekly)
0.38
Correlation with S&P 500
0.11
Current drawdown from 1-year high
-14.1%
Maximum drawdown, 3 years
-53.7%

Largest declines in the past six years

From peakTo lowDeclineLengthRecovery
Oct 14, 2020Dec 28, 2022-76.0%555 days151 days (Aug 7, 2023)
Apr 10, 2024Apr 16, 2025-53.7%255 days104 days (Sep 16, 2025)
Aug 31, 2026Sep 30, 2026-22.3%21 daysNot yet recovered
May 22, 2026Jul 10, 2026-19.7%32 days26 days (Aug 17, 2026)
Aug 9, 2023Sep 26, 2023-16.3%33 days53 days (Dec 11, 2023)

Declines of 10% or more from a closing high, measured on daily closes.

Financial statements

Market cap
$2.03B
EPS, diluted (TTM)
-$3.05
Revenue (TTM)
$3.52B
52-week range
$5.80 – $19.06
FY 2022FY 2023FY 2024FY 2025FY 2026
Revenue$7.95B$5.68B$4.15B$3.47B$3.16B
Gross profit$519.9M$716.5M$701.8M$707.4M$747.2M
Operating income$83.0M$244.0M$161.9M$329.4M$384.5M
Net income-$184.8M$51.4M-$143.8M$39.4M-$180.2M
EPS (diluted)-$2.22-$0.56-$2.14-$0.60-$3.49
Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026Q4 2026Q1 2027
Revenue$1.35B$1.55B$971.1M$622.2M$674.7M$909.8M$949.5M$990.0M
Net income$2.5M$13.5M$13.7M$68.9M$29.3M$47.2M-$325.6M$78.7M
EPS (diluted)-$0.21-$0.12-$0.12$0.04$0.02$0.38-$3.93$0.48
FY 2022FY 2023FY 2024FY 2025FY 2026
Operating cash flow$205.8M$445.2M$297.5M$297.5M$366.0M
Capital expenditure-$142.4M-$147.8M-$245.8M-$245.8M-$221.3M
Free cash flow$63.5M$297.4M$51.6M$51.6M$144.7M
Dividends paid$0$0$0$0$0
Net share buybacks-$90,000-$99,000-$2.1M-$2.1M-$470.2M

Cash outflows are shown as negative numbers.

Cash and short-term investments
$5.1M
Total assets
$4.18B
Total liabilities
$4.13B
Total debt
$3.39B
Net debt
$3.39B
Shareholders’ equity
$32.7M

As of Jun 30, 2026 (filed Aug 4, 2026).

Dividends

Ex-dateAmountPaid
Nov 5, 2020$0.10Nov 13, 2020
Aug 5, 2020$0.20Aug 14, 2020
May 6, 2020$0.20May 15, 2020
Feb 6, 2020$0.39Feb 14, 2020
Nov 6, 2019$0.39Nov 14, 2019
Aug 6, 2019$0.39Aug 14, 2019
May 6, 2019$0.39May 15, 2019
Feb 5, 2019$0.39Feb 14, 2019

Short interest

Shares sold short
3,381,045
Days to cover
18.68
Change vs previous report
-2.5%

FINRA short interest, settlement date Sep 15, 2026.