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What this page is: Delvantic's full research page for NGL Energy Partners L.P. (NGL) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
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reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
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any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
Energy · Oil & Gas Midstream
Tulsa, OK 74136, United States
nglenergypartners.com
Price
$16.88
Market Cap
$2.1B
Employees
449
Beta
—
Avg Volume
183,420
Last Dividend
$0.89
CEO
Mr. H. Michael Krimbill
NGL Energy Partners L.P. is a diversified midstream energy partnership based in the United States. It primarily focuses on the transportation, storage, and marketing of crude oil, natural gas liquids, and refined products. The firm plays a crucial role in the energy sector by providing integrated services that connect energy producers with end markets. Key segments of its operations include crude oil logistics, water solutions, and liquids logistics, allowing it to navigate and support various facets of the energy value chain. By offering transportation services and storage solutions, NGL Energy Partners facilitates efficient energy distribution and enhances supply chain efficiency. This company significantly impacts industries reliant on energy infrastructure, ensuring a reliable flow of essential energy commodities across regions. Its operations contribute to the stability and accessibility of energy markets, supporting both producers and consumers in the dynamic energy landscape.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 9 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Aug 4, 2026.
EPS surprise history — vs analyst consensus · 5 prints of vendor history
+18.2%
May '26
-2,011.1%
May '26
+72.7%
Jun '26
+2.3%
Jul '26
+336.4%
Aug '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Aug 4, 2026 | $0.11 | $0.48 +336.4% | — | — |
| Jul 28, 2026 | $0.87 | $0.89 +2.3% | — | — |
| Jun 11, 2026 | $-0.33 | $-0.09 +72.7% | — | — |
| May 28, 2026 | $0.18 | $-3.44 -2,011.1% | — | — |
| May 8, 2026 | $0.11 | $0.13 +18.2% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 4, 2026 | 10-Q | View |
| Jul 17, 2026 | 4 | View |
| Jul 17, 2026 | 4 | View |
| Jul 17, 2026 | 4 | View |
| Jul 17, 2026 | 4 | View |
| Jul 17, 2026 | 4 | View |
| Jul 17, 2026 | 4 | View |
| May 28, 2026 | 10-K | View |
| Apr 27, 2026 | SCHEDULE 13G/A | View |
| Mar 12, 2026 | 8-K | View |
| Feb 10, 2026 | S-8 | View |
| Feb 9, 2026 | 8-K | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 9, 2026 2:41am (just now)
Current data · timestamped when a report runs
$16.88
Change · Aug 9
-0.47 (-2.71%)
Day Range
$16.67 – $17.39
52-Week Range
$3.95 – $18.80
50-Day MA
$15.88
200-Day MA
$12.66
Volume
195,400.00
Share Structure
Outstanding
124,814,289.00
Float
111,386,768.00
Free Float
89.2%
High free float
— 89.2% of shares trade freely, ~10.8% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
—
Stock Price: $16.88
EPS (Diluted): N/A
EPS (Diluted): N/A
EPS not available in income statement
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
—
Stock Price: $16.88
Total Equity: N/A
Shares: N/A
Total Equity: N/A
Shares: N/A
Equity not available in balance sheet
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
14.63
Market Cap: $2.09B
Total Debt: $3.23B
Cash: $8.51M
EBITDA: $363.46M
Total Debt: $3.23B
Cash: $8.51M
EBITDA: $363.46M
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$5.3B
Market Cap: $2.09B
Total Debt: $3.23B
Cash: $8.51M
Total Debt: $3.23B
Cash: $8.51M
P/S Ratio (Price per dollar of revenue)
HEXStock Price / Revenue Per Share
—
Stock Price: $16.88
Revenue: $3.16B
Shares: N/A
Revenue: $3.16B
Shares: N/A
Missing from API: Shares
EV/Sales (Total value vs revenue — works when P/E can't)
CALC1.68
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
30.9%
Gross Profit: $974.00M
Revenue: $3.16B
Revenue: $3.16B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
3.0%
Operating Income: $94.73M
Revenue: $3.16B
Revenue: $3.16B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
-4.5%
Net Income: -$142.30M
Revenue: $3.16B
Revenue: $3.16B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
—
Net Income: -$142.30M
Total Equity: N/A
Total Equity: N/A
Equity not in balance sheet
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
—
Operating Income: $94.73M
Tax Rate: 0.2%
Equity: N/A
Total Debt: $3.23B
Cash: $8.51M
Tax Rate: 0.2%
Equity: N/A
Total Debt: $3.23B
Cash: $8.51M
Missing from API: Equity
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
1.05
Current Assets: $773.95M
Current Liabilities: $739.48M
Current Liabilities: $739.48M
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
—
Short-Term Debt: $11.46M
Long-Term Debt: $3.22B
Total Debt: $3.23B
Total Equity: N/A
Long-Term Debt: $3.22B
Total Debt: $3.23B
Total Equity: N/A
Missing from API: Total Equity
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
—
Revenue: $3.16B
Shares: N/A
Shares: N/A
Missing from API: Shares
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
—
Total Equity: N/A
Shares: N/A
Shares: N/A
Missing from API: Total Equity, Shares
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
—
Operating CF: $365.95M
CapEx: -$221.28M
Shares: N/A
CapEx: -$221.28M
Shares: N/A
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
5.3%
Last Dividend: $0.89
Stock Price: $16.88
Stock Price: $16.88
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$142.30M
Net Income: -$142.30M
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 9, 2026 2:41am (just now)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $7.9B | $8.7B | $7.0B | $3.5B | $3.2B |
| Cost of Revenue | $7.1B | $7.7B | $6.0B | $2.5B | $2.2B |
| Gross Profit | $808.6M | $1.0B | $989.8M | $962.1M | $974.0M |
| Operating Expenses | $725.6M | $755.7M | $812.2M | $632.8M | $879.3M |
| Operating Income | $83.0M | $289.2M | $177.6M | $329.4M | $94.7M |
| Net Income | -$184.8M | $51.4M | -$143.8M | $39.4M | -$142.3M |
| EBITDA | $389.3M | $580.0M | $460.3M | $596.6M | $363.5M |
| EPS | $-2.22 | — | $-1.09 | $0.30 | — |
| EPS (Diluted) | $-1.42 | — | $-1.09 | $0.30 | — |
Balance Sheet (Annual)
Last updated: Aug 9, 2026 2:41am (just now)| Metric | 2023 | 2024 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| Cash & Equivalents | $5.4M | $38.9M | — | $5.6M | $8.5M |
| Total Current Assets | $1.3B | $1.2B | — | $962.1M | $774.0M |
| Total Assets | $5.5B | $5.0B | — | $4.6B | $4.2B |
| Current Liabilities | $1.1B | $977.3M | — | $739.2M | $739.5M |
| Long-Term Debt | $2.9B | $2.8B | — | $3.0B | $3.2B |
| Total Liabilities | — | — | — | — | — |
| Total Equity | — | — | — | — | — |
| Retained Earnings | — | — | — | — | — |
Cash Flow (Annual)
Last updated: Aug 9, 2026 2:41am (just now)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | $205.8M | $445.2M | $376.2M | $297.5M | $366.0M |
| Capital Expenditure | -$142.4M | -$147.8M | -$152.3M | -$245.8M | -$221.3M |
| Free Cash Flow | $63.5M | $297.4M | $223.9M | $51.6M | $144.7M |
| Acquisitions (net) | $0 | $0 | — | — | — |
| Net Debt Issued / (Repaid) | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | — | $-99,000 | $-84,000 | -$2.1M | -$47.6M |
| Net Change in Cash | -$1.0M | $1.6M | $33.5M | -$33.3M | $2.9M |
Growth Trends (YoY %)
Last updated: Aug 9, 2026 2:41am (just now)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue Growth | +9.4% | -20.0% | -50.1% | -9.0% |
| Gross Profit Growth | +29.2% | -5.3% | -2.8% | +1.2% |
| Operating Income Growth | +248.2% | -38.6% | +85.5% | -71.2% |
| Net Income Growth | +127.8% | -379.8% | +127.4% | -461.4% |
| EBITDA Growth | +49.0% | -20.6% | +29.6% | -39.1% |
Dividend History (Last 20)
Last updated: Aug 2, 2026 5:25am (6d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2020-11-05 | $0.10 | — | — | — |
| 2020-08-05 | $0.20 | — | — | — |
| 2020-05-06 | $0.20 | — | — | — |
| 2020-02-06 | $0.39 | — | — | — |
| 2019-11-06 | $0.39 | — | — | — |
| 2019-08-06 | $0.39 | — | — | — |
| 2019-05-06 | $0.39 | — | — | — |
| 2019-02-05 | $0.39 | — | — | — |
| 2018-11-07 | $0.39 | — | — | — |
| 2018-08-07 | $0.39 | — | — | — |
| 2018-05-04 | $0.39 | — | — | — |
| 2018-02-05 | $0.39 | — | — | — |
| 2017-11-03 | $0.39 | — | — | — |
| 2017-08-02 | $0.39 | — | — | — |
| 2017-05-04 | $0.39 | — | — | — |
| 2017-02-01 | $0.39 | — | — | — |
| 2016-11-02 | $0.39 | — | — | — |
| 2016-08-02 | $0.39 | — | — | — |
| 2016-04-29 | $0.39 | — | — | — |
| 2016-02-01 | $0.64 | — | — | — |
Industry Benchmarks
Compares NGL against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for NGL — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for NGL — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for NGL — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for NGL — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · three lenses
Character & Durability Scorecard
Ten long-horizon business-character traits the Quality / Value / Sentiment lenses don’t break out, scored 1–10.
No scorecard yet for NGL — the ten traits are scored by the
pipeline (
ext-scorecard step) when a report is run on this ticker.
No community reviews yet for NGL.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
personal — only you see this
Sign in to save personal notes and rate your interest in this stock.
Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.515 · 9f7cac68 · 2026-08-08 13:09:58