NGL on NYSE

NGL Energy Partners LP

American natural gas transmission company based in Tulsa, active since 2010.

Price unavailable

Last updated Oct 18, 2026.

Overview

$3.2BRevenue, fiscal 20262
-$142.3MNet income, fiscal 20262

Compare with Western Midstream Partners, LP, Kinetik Holdings Inc. or Archrock, Inc., or pick any stock.

  • TickerNGL on NYSE
  • IndustryNatural Gas Transmission
  • HeadquartersTulsa, United States
  • Incorporated inDE3
  • Business address6120 S. Yale, Suite 1300, Tulsa, Ok 741363
  • Filer categoryAccelerated filer3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

3.0%Operating margin2
-4.5%Net margin2
-9.0%Revenue growth, 20262

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 76% of the revenue NGL Energy Partners LP broke down this way in fiscal 2026.

  1. Product$2.4B276%down 13% from 2025
  2. Service$760.0M224%up 5% from 2025
Products and services by year
Products and services202420252026
Product$3.5B$2.7B$2.4B
Service$685.4M$726.2M$760.0M

Business segments

Liquids Logistics brought in 40% of the revenue NGL Energy Partners LP broke down this way in fiscal 2026.

  1. Liquids Logistics$1.3B240%down 31% from 2025
  2. Crude Oil Logistics$1.1B233%up 20% from 2025
  3. Water Solutions$838.9M227%up 11% from 2025
Business segments by year
Business segments202420252026
Liquids Logistics$1.8B$1.8B$1.3B
Crude Oil Logistics$1.7B$879.9M$1.1B
Water Solutions$730.8M$755.7M$838.9M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue69¢$2.2B
  • Other costs23¢$716.2M
  • Interest8¢$257.5M
  • Income tax0¢$276.0K

Out of $3.2B in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2026

  • Share buybacks13¢$47.6M
  • Kept or used elsewhere87¢$318.3M

Out of $366.0M of cash from operations.2

Financial statements

Revenue456782$3.2B in 2026−64% since 2019
0$2.5B$5.0B$7.5B$10.0B2019: $8.7B$8.7B20192020: $7.6B$7.6B2020−13%2021: $5.2B$5.2B2021−31%2022: $7.9B$7.9B2022+52%2023: $5.7B$5.7B2023−29%2024: $4.2B$4.2B2024−27%2025: $3.5B$3.5B2025−16%2026: $3.2B$3.2B2026−9%
Operating income456782$94.7M in 2026−25% since 2019
-$400.0M-$200.0M0$200.0M$400.0M2019: $126.7M$126.7M20192020: -$3.3M-$3.3M20202021: -$390.8M-$390.8M2021+11627%2022: $83.0M$83.0M20222023: $244.0M$244.0M2023+194%2024: $161.9M$161.9M2024−34%2025: $329.4M$329.4M2025+103%2026: $94.7M$94.7M2026−71%
Net income456782-$142.3M in 2026
-$750.0M-$500.0M-$250.0M0$250.0M$500.0M2019: $360.0M$360.0M20192020: -$397.0M-$397.0M20202021: -$639.8M-$639.8M2021+61%2022: -$184.8M-$184.8M2022−71%2023: $51.4M$51.4M20232024: -$143.8M-$143.8M20242025: $39.4M$39.4M20252026: -$142.3M-$142.3M2026

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2026-03-312025-03-312024-03-31
Total revenues$3.2B$3.5B$4.2B
Total cost of sales$2.2B$2.5B$3.2B
Operating$293.6M$297.7M$299.6M
General and administrative$70.1M$55.6M$121.6M
Depreciation and amortization$254.8M$254.7M$266.1M
Loss on disposal or impairment of assets, net$256.3M$31.4M$115.9M
Revaluation of liabilities$4.4M-$6.7M$2.7M
Operating Income$94.7M$329.4M$161.9M
Equity in earnings of unconsolidated entities$201.0K$6.6M$4.1M
Interest expense-$257.5M-$280.1M-$269.8M
Loss on early extinguishment of liabilities, net-$16.7M$0-$55.3M
Other income, net$526.0K$4.3M$2.8M
(Loss) Income From Continuing Operations Before Income Taxes-$178.8M$60.1M-$156.3M
Income Tax Expense (Benefit)$276.0K$4.9M-$1.5M
(Loss) Income From Continuing Operations-$178.5M$65.0M-$157.7M
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent$39.3M-$21.8M$14.6M
Net (Loss) Income-$139.2M$43.2M-$143.1M
LESS: NET INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO NONREDEEMABLE NONCONTROLLING INTERESTS-$3.4M-$3.7M-$631.0K
LESS: NET LOSS (INCOME) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO REDEEMABLE NONCONTROLLING INTERESTS$244.0K-$46.0K$0
NET (LOSS) INCOME ATTRIBUTABLE TO NGL ENERGY PARTNERS LP-$142.3M$39.4M-$143.8M
Net loss from continuing operations allocated to common unitholders, basic-$444.9M-$57.1M-$297.7M
Net loss from continuing operations allocated to common unitholders, diluted-$444.9M-$57.1M-$297.7M
Net income (loss) from discontinued operations allocated to common unitholders, basic$39.3M-$21.8M$14.6M
Net income (loss) from discontinued operations allocated to common unitholders, diluted$39.3M-$21.8M$14.6M
NET LOSS ALLOCATED TO COMMON UNITHOLDERS (NOTE 3)-$405.6M-$78.9M-$283.1M

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Leadership

Who has led NGL Energy Partners LP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. H. Michael Krimbill2011–now

President

  1. Stephen D. Tuttle2011
  2. Vincent J. Osterman2011–2018
  3. Shawn W. Coady2012–2017
  4. Brian K. Pauling2012–2013

Chief financial officer

  1. Craig S. Jones2011–2012
  2. H. Michael Krimbill2012
  3. Atanas H. Atanasov2013–2016
  4. Robert W. Karlovich Iii.2016–2021
  5. Linda J. Bridges2021–2022
  6. Bradley P. Cooper2023–now

Chief operating officer

  1. Brian K. Pauling2011–2012
  2. Shawn W. Coady2011
  3. David C. Kehoe2012–2013
201520202025
Board members and other officers (34)

Former names

  • Silverthorne Energy Partners LPOct 28, 2010 to Oct 28, 20103

Timeline

  1. May 11, 2011New chief executive H. Michael Krimbill becomes CEO14
  2. Sep 8, 2010Founded NGL Energy Partners LP is founded59

Filings

126 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 18 major events, 71 insider forms, 13 large holders, 4 other. The latest 20:

  1. Aug 28, 20264 EDGAR
  2. Aug 26, 20264 EDGAR
  3. Aug 26, 20264 EDGAR
  4. Aug 26, 20264 EDGAR
  5. Aug 25, 2026144 EDGAR
  6. Aug 25, 20264 EDGAR
  7. Aug 4, 202610-Q EDGAR
  8. Jul 17, 20264 EDGAR
  9. Jul 17, 20264 EDGAR
  10. Jul 17, 20264 EDGAR
  11. Jul 17, 20264 EDGAR
  12. Jul 17, 20264 EDGAR
  13. Jul 17, 20264 EDGAR
  14. May 28, 202610-K EDGAR
  15. Apr 27, 2026SCHEDULE 13G/A EDGAR
  16. Mar 12, 20268-K EDGAR
  17. Feb 10, 2026S-8 EDGAR
  18. Feb 9, 20268-K EDGAR
  19. Feb 3, 202610-Q EDGAR
  20. Dec 29, 2025DEF 14A EDGAR

The 126 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 13 such filings since October 2021, the latest 10:

  1. Apr 27, 2026SCHEDULE 13G/A
  2. Nov 14, 2025SCHEDULE 13G/A
  3. Aug 4, 2025SCHEDULE 13G/A
  4. May 28, 2025SCHEDULE 13G
  5. May 15, 2025SCHEDULE 13G/A
  6. Mar 31, 2025SCHEDULE 13G
  7. Mar 31, 2025SCHEDULE 13G
  8. Feb 14, 2025SCHEDULE 13G
  9. Nov 22, 2024SC 13D/A
  10. Jun 7, 2024SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 86. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Invesco Ltd.19,567,103$311.7M0.0%−7,472
Morgan Stanley10,180,003$162.2M0.0%+386,178
Goldman Sachs Group Inc8,540,825$136.1M0.0%+419,670
Bank Of America Corp /de/7,970,709$127.0M0.0%−304,327
Tpg Gp A, LLC5,784,322$92.1M1.8%−150,171
Ing Groep Nv5,421,803$86.4M0.4%+110,000
Citigroup Inc4,304,817$68.6M0.0%+1,267,528
Jpmorgan Chase & Co2,833,024$45.3M0.0%−269,685
Nomura Holdings Inc2,500,760$39.8M0.2%+296,504
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1,400,528$22.3M0.0%+1,400,428
Prescott Group Capital Management, L.L.C.1,030,638$16.4M1.4%No change
Fractal Investments LLC832,479$13.3M1.5%No change
Bnp Paribas Financial Markets598,569$9.5M0.0%−14,957
Barclays PLC459,659$7.3M0.0%+459,617
HighTower Advisors, LLC273,290$4.4M0.0%−1,990
Mariner, LLC259,743$4.1M0.0%+741
Cetera Investment Advisers250,269$4.0M0.0%+220
Alps Advisors Inc247,797$3.9M0.0%+11,823
Brown Advisory Inc225,000$3.6M0.0%No change
Citadel Advisors LLC193,545$3.1M0.0%+156,277
UBS Group AG190,626$3.0M0.0%−93,264
ELCO Management Co., LLC190,391$3.0M1.3%−1,189
Stephens Inc /ar/190,000$3.0M0.0%No change
LPL Financial LLC187,993$3.0M0.0%+174,228
AlphaCore Capital LLC178,800$2.8M0.1%+3,000

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

34 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Feb 28, 2025Mark GreenRepublican, HouseSale$15,001 - $50,000−176.7%Report
Feb 18, 2025Mark GreenRepublican, HouseSale$100,001 - $250,000−173.0%Report
Feb 3, 2025Mark GreenRepublican, HouseSale$250,001 - $500,000−144.6%Report
Jan 30, 2025Mark GreenRepublican, HouseSale$500,001 - $1,000,000−138.8%Report
Jan 28, 2025Mark GreenRepublican, HouseSale$50,001 - $100,000−143.1%Report
Jan 2, 2025Mark GreenRepublican, HouseSale$15,001 - $50,000−153.9%Report
Dec 3, 2024Mark GreenRepublican, HouseSale$15,001 - $50,000−183.3%Report
Oct 24, 2024Mark GreenRepublican, HouseSale$50,001 - $100,000−219.4%Report
Oct 16, 2024Mark GreenRepublican, HouseSale$50,001 - $100,000−210.3%Report
Sep 30, 2024Mark GreenRepublican, HouseSale$100,001 - $250,000−194.6%Report
Sep 17, 2024Mark GreenRepublican, HouseSale$1,001 - $15,000−180.1%Report
Aug 28, 2024Mark GreenRepublican, HouseSale$50,001 - $100,000−223.9%Report
Aug 5, 2024Mark GreenRepublican, HouseSale$50,001 - $100,000−212.0%Report
Jul 24, 2024Mark GreenRepublican, HouseSale$15,001 - $50,000−169.8%Report
Jul 1, 2024Mark GreenRepublican, HouseSale$50,001 - $100,000−151.2%Report
Jun 3, 2024Mark GreenRepublican, HouseSale$100,001 - $250,000−109.1%Report
May 10, 2024Mark GreenRepublican, HouseSale$15,001 - $50,000−110.3%Report
May 7, 2024Mark GreenRepublican, HouseSale$250,001 - $500,000−103.9%Report
Apr 25, 2024Mark GreenRepublican, HouseSale$100,001 - $250,000−98.2%Report
Apr 1, 2024Mark GreenRepublican, HouseSale$100,001 - $250,000−107.5%Report
Mar 11, 2024Mark GreenRepublican, HouseSale$15,001 - $50,000−100.1%Report
Feb 26, 2024Mark GreenRepublican, HouseSale$50,001 - $100,000−101.5%Report
Jan 29, 2024Mark GreenRepublican, HouseSale$100,001 - $250,000−96.1%Report
Jan 11, 2024Mark GreenRepublican, HouseSale$100,001 - $250,000−112.2%Report
Aug 4, 2023Mark GreenRepublican, HouseBuy$250,001 - $500,000+182.4%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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