NGL Energy PartnersNGL
NGL
About: NGL Energy Partners LP is a USA-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, and Liquids Logistics. It operates crude oil Logistics, owns pipeline injection stations, and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, and for the disposal of solids, such as tank bottoms and drilling fluids. The firm also supplies natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants and sells propane and distillates.
Employees: 607
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
30% more call options, than puts
Call options by funds: $847K | Put options by funds: $650K
6% less funds holding
Funds holding: 89 [Q2] → 84 (-5) [Q3]
8.72% less ownership
Funds ownership: 52.16% [Q2] → 43.45% (-8.72%) [Q3]
10% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 20
26% less capital invested
Capital invested by funds: $350M [Q2] → $259M (-$90.8M) [Q3]
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
Research analyst outlook
We haven’t received any recent analyst ratings for NGL.
Financial journalist opinion
Neutral
Business Wire
1 week ago
NGL Energy Partners LP Announces Quarterly Cash Distribution for the Class B, Class C, and Class D Preferred Units
TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP Announces Quarterly Cash Distribution for the Class B, Class C, and Class D Preferred Units.
Neutral
Seeking Alpha
1 month ago
NGL Preferred: Yields Way Too High, Opportunity In Common Units But Higher Risk
NGL's Q2 EBITDA was below expectations due to weak liquids business. Water solutions segment saw higher operating income, despite lower headline adjusted EBITDA. Liquids business is struggling, prompting NGL to lower full-year EBITDA guidance and consider asset sales; crude oil logistics also underperformed. Preferred units offer better risk/reward than common units; preferred B yields over 13% and is less exposed to business volatility outside water solutions.
Neutral
Seeking Alpha
1 month ago
NGL Energy Partners LP Common Units (NGL) Q2 2025 Earnings Call Transcript
NGL Energy Partners LP Common Units. (NYSE:NGL ) Q2 2025 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Brad Cooper - Executive Vice President and Chief Financial Officer, NGL Energy Partners LP Michael Krimbill - Chief Executive Officer, NGL Energy Partners LP David Sullivan - Vice President Finance, NGL Energy Partners LP Doug White - Executive Vice President, Water Solutions Conference Call Participants Ned Baramov - Wells Fargo Operator Greetings.
Neutral
Business Wire
1 month ago
NGL Energy Partners LP Announces Second Quarter Fiscal 2025 Financial Results
TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP Announces Second Quarter Fiscal 2025 Financial Results.
Neutral
Seeking Alpha
1 month ago
NGL Energy Partners: Distributions Might Not Return Until 2029 Or Later
NGL Energy Partners has not declared common distributions since 2020 and sadly, they might not return until 2029 or later. Mostly due to their Class D series preferred units that could see a $600m obligation arise in early 2028 when unitholders can force them to be redeemed. When added to their accompanying preferred distributions and estimated capital expenditure, I estimate a circa $300m cash shortfall across the next three years.
Neutral
Business Wire
2 months ago
NGL Energy Partners Announces Earnings Call
TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners Announces Earnings Call.
Positive
Seeking Alpha
2 months ago
NGL Preferred: 2 Reasons To Own The B Series Over The C Series
The series B preferred shares of NGL offer a compelling risk/reward ratio, especially for income-oriented investors, with a 16.28% return over eight months. The B series preferred shares are slightly better than the C series due to a higher distribution yield and better liquidity. Both series are designed to float above LIBOR, but the B series benefits from an additional fallback spread, enhancing its yield.
Neutral
Business Wire
3 months ago
NGL Energy Partners LP Announces Quarterly Cash Distribution for the Class B, Class C, and Class D Preferred Units
TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP Announces Quarterly Cash Distribution for the Class B, Class C, and Class D Preferred Units.
Positive
Seeking Alpha
4 months ago
NGL: It's All About Water. Common And Preferred Units Still Buys
The company reaffirmed guidance for Fiscal 2025, with a focus on water solutions and capital usage to pay down debt. NGL Partners reported an okay first quarter with adjusted EBITDA of $144.3 million, driven by water services. Water services saw a slight increase in EBITDA, helped by higher skim oil profits and increased produced water processed.
Neutral
Seeking Alpha
4 months ago
NGL Energy Partners LP Common Units (NGL) Q1 2025 Earnings Call Transcript
NGL Energy Partners LP Common Units (NYSE:NGL ) Q1 2025 Earnings Conference Call August 8, 2025 5:00 PM ET Company Participants Brad Cooper - Executive Vice President and Chief Financial Officer, NGL Energy Partners LP Michael Krimbill - Chief Executive Officer, NGL Energy Partners LP David Sullivan - Vice President Finance, NGL Energy Partners LP Conference Call Participants Sunil Sibal - Seaport Research Partners Patrick Fitzgerald - Baird Jason Mandel - RBC Capital Markets [Transcript provided by the Company] Operator Thank you for standing by. My name is Max and I will be your conference operator for today.
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