# NGL Energy Partners LP share price today (NGL Energy Partners LP, NGL)

> NGL Energy Partners LP's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. NGL · Energy · Oil & Gas Midstream · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/ngl

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## Key numbers

- Price: $16.37 (+153.4% in a year)
- Revenue (Jun 2026): $990 M (+59.1% on a year ago)
- Profit (Jun 2026): $80.1 M (+15.0% on a year ago)
- Operating margin: 14.9% (+0.7 points on a year ago)
- ROE: 2,251%, FY26
- ROIC: 12.0%, against a 7.2% cost of capital: +4.8 points

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the NGL Energy Partners LP share price today? NGL Energy Partners LP's share price was $16.37 at the close on 3 November 2026. It has been rising for 53 weeks. That is 9.9% above its average price over the last 200 trading days. In the last 52 weeks it traded between $9 and $18, and at that close it sat 80% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 5 weeks running. Over the last 10 years the share price moved −12% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 2 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does NGL Energy Partners LP pay? NGL Energy Partners LP pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is NGL Energy Partners LP on? NGL Energy Partners LP is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is NGL Energy Partners LP profitable? NGL Energy Partners LP earned $80.1 M of net profit in the Jun 2026 quarter, +15.0% on the same quarter a year earlier. The full FY26 year was a loss of $139 M. That is 8.1% of the quarter's revenue. The same quarter a year earlier earned $69.6 M. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was −$139 M (−422.4% on the year before). Why profit moved: revenue changed +59.1% on a year earlier and the margin moved +0.7 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −255.8% and revenue +17.5%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does NGL Energy Partners LP make, and is it growing? NGL Energy Partners LP reported $990 M of revenue in the Jun 2026 quarter, +59.1% on the same quarter a year earlier. Over 4 years it has grown −20.6% a year on average. The last full year, FY26, came in at $3.2 B. The last four reported quarters add to $3.5 B. The quarterly figures for FY23 do not add up to the full-year total on file, so those quarters are left out of the charts and sums. FY26 revenue was $3.2 B, −9.0% on the year before. Recent pace: the last four quarters grew +17.5% on average, against −20.6% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +5.8%, against −23.9% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does NGL Energy Partners LP keep? NGL Energy Partners LP's operating margin was 14.9% in the Jun 2026 quarter, 0.7 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 2.1% and 11.3%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +0.7 percentage points on the year while gross margin changed −7.6 points. So the gain came mostly from the gross margin, which means input costs and prices charged. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is NGL Energy Partners LP's profit turning into cash? Over the last 2 years, 776% of NGL Energy Partners LP's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in $366 M of operating cash against −$139 M of profit. After $221 M of spending on assets, $145 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does NGL Energy Partners LP's cash go? NGL Energy Partners LP does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $619 M on assets over the last 3 years. Averaged over those years that is 6.5% of FY26 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $619 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is NGL Energy Partners LP's P/E ratio, and how does it compare with its own history? NGL Energy Partners LP has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values NGL Energy Partners LP at 0.6× its FY26 revenue of $3.2 B. The P/E comes back here once profit turns positive. ## Is the NGL Energy Partners LP business getting better or worse? NGL Energy Partners LP's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 8 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does NGL Energy Partners LP earn on its capital? NGL Energy Partners LP earned a ROE of 2,251% in FY26. That is up from a low of −15% in FY22. Its return on capital used (ROIC) is 4.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a −4.4% net margin and 0.76× asset turnover (sales divided by assets). Why the return is what it is (FY26): a −4.4% net margin × 0.76× asset turnover × −675.43× leverage (assets divided by equity) ≈ 2,258.6% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 12.0% − 7.2% = +4.8 percentage points. The 7.2% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 12.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 9.9%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does NGL Energy Partners LP have too much debt? NGL Energy Partners LP has total debt of $3.4 B against shareholder equity of $53.9 M as of Jun 2026, so its debt is 63.12× its equity. Year by year, that ratio went from 2.74 in FY22 to −543.09 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the NGL Energy Partners LP shareholding pattern? 3.1% of NGL Energy Partners LP's tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 16.7 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is NGL Energy Partners LP from balance-sheet trouble? For NGL Energy Partners LP, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does NGL Energy Partners LP rank in its industry? There is no score against its industry: NGL Energy Partners LP is not among the largest members shown in this industry comparison for Oil & Gas Midstream. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is NGL Energy Partners LP compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to NGL Energy Partners LP in size? NGL Energy Partners LP is the 35th largest of 47 Oil & Gas Midstream companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: SunocoCorp LLC, Teekay Tankers and Dorian LPG. Just below it: Genesis Energy, L.P., Nordic American Tankers and Global Partners LP. ### Oil & Gas Midstream companies close in size

1. [SunocoCorp LLC](https://www.sectoralpha.in/us/stocks/sunc) $3.5 billion
2. [Teekay Tankers Ltd.](https://www.sectoralpha.in/us/stocks/tnk) $3.3 billion
3. [Dorian LPG Ltd.](https://www.sectoralpha.in/us/stocks/lpg) $2.2 billion
4. NGL Energy Partners LP $2 billion
5. [Genesis Energy, L.P.](https://www.sectoralpha.in/us/stocks/gel) $1.8 billion
6. [Nordic American Tankers Limited](https://www.sectoralpha.in/us/stocks/nat) $1.6 billion
7. [Global Partners LP](https://www.sectoralpha.in/us/stocks/glp) $1.5 billion

[All 47 Oil & Gas Midstream companies, largest first](https://www.sectoralpha.in/us/sectors/oil-gas-midstream#all-companies)

### Companies close in size in other industries

1. [Select Medical Holdings Corporation](https://www.sectoralpha.in/us/stocks/sem) $2 billion · Medical Care Facilities
2. [IDT Corporation](https://www.sectoralpha.in/us/stocks/idt) $2 billion · Telecom Services
3. NGL Energy Partners LP $2 billion
4. [Lakefront Biotherapeutics NV](https://www.sectoralpha.in/us/stocks/lkft) $2 billion · Biotechnology
5. [Ouster, Inc.](https://www.sectoralpha.in/us/stocks/oust) $2 billion · Electronic Components

## What else do people ask about NGL Energy Partners LP? ### What is NGL Energy Partners LP's stock price today? NGL Energy Partners LP's stock price is $16.37, +153.4% over the past year. The whole company is worth $2.0 B on the market. In the last 52 weeks it traded between $9 to $18; today it is 80% of the way up from the low, 9.9% above its 200-day average (as of 3 November 2026). ### What were NGL Energy Partners LP's latest quarterly results? NGL Energy Partners LP reported revenue of $990 M and net profit of $80.1 M for the Jun 2026 quarter. Revenue rose 59.1% and profit rose 15.0% compared with a year earlier. Earnings per share were $0.48. The operating margin was 14.9%, 0.7 percentage points higher than a year earlier (as of 3 November 2026). ### What is NGL Energy Partners LP's market cap? NGL Energy Partners LP's market capitalisation is $2.0 B at a stock price of $16.37. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is NGL Energy Partners LP performing? NGL Energy Partners LP's share price has been rising for 53 weeks. In its latest quarter, revenue rose 59.1% and profit rose 15.0% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 5 weeks running (as of 3 November 2026). ### Will NGL Energy Partners LP's stock price go up? This page does not forecast NGL Energy Partners LP's stock price. What it shows instead: the stock price is $16.37, and it has been rising for 53 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Is NGL Energy Partners LP's profit real cash? Yes, over the last 2 years, 776% of NGL Energy Partners LP's reported profit came in as cash from operations. The latest year was lower at -263%, so the trend is worth watching. In FY26, operating cash was $366 M against reported profit of −$139 M. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is NGL Energy Partners LP in its business cycle? NGL Energy Partners LP's FY26 operating margin was 11.3%, against a 5-year range of 2.1% to 11.3%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 14.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the NGL Energy Partners LP story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is NGL Energy Partners LP a stock worth studying right now? What the numbers show: NGL Energy Partners LP's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.