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NGL Energy Partners LP (NGL)



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Upturn Advisory Summary
03/27/2025: NGL (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 51.04% | Avg. Invested days 39 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 615.18M USD | Price to earnings Ratio - | 1Y Target Price 5 |
Price to earnings Ratio - | 1Y Target Price 5 | ||
Volume (30-day avg) 436306 | Beta 1.68 | 52 Weeks Range 3.84 - 6.15 | Updated Date 04/2/2025 |
52 Weeks Range 3.84 - 6.15 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -2.53 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -3.57% | Operating Margin (TTM) 5.32% |
Management Effectiveness
Return on Assets (TTM) 3.04% | Return on Equity (TTM) -19.6% |
Valuation
Trailing PE - | Forward PE 47.62 | Enterprise Value 3813476489 | Price to Sales(TTM) 0.1 |
Enterprise Value 3813476489 | Price to Sales(TTM) 0.1 | ||
Enterprise Value to Revenue 0.64 | Enterprise Value to EBITDA 10.68 | Shares Outstanding 132013000 | Shares Floating 122872202 |
Shares Outstanding 132013000 | Shares Floating 122872202 | ||
Percent Insiders 6.88 | Percent Institutions 43.96 |
Analyst Ratings
Rating 3.33 | Target Price 5 | Buy 1 | Strong Buy - |
Buy 1 | Strong Buy - | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
NGL Energy Partners LP
Company Overview
History and Background
NGL Energy Partners LP was founded in 2010, focusing on midstream energy services. It has grown through acquisitions and organic projects, adapting to the changing energy landscape.
Core Business Areas
- Crude Oil Logistics: Transports crude oil via pipelines, rail, and trucking, providing storage and terminal services.
- Water Solutions: Collects, treats, and disposes of produced water from oil and gas operations.
- Liquids Logistics: Provides transportation, storage, and blending of natural gas liquids (NGLs).
- Refined Products: Markets and distributes refined petroleum products, including gasoline and diesel.
Leadership and Structure
Mike Krimbill serves as the Chief Executive Officer. The company operates with a partnership structure, managed by a board of directors.
Top Products and Market Share
Key Offerings
- Crude Oil Logistics: This includes pipeline transportation, trucking and storage. Market share data is difficult to ascertain precisely, but NGL competes with companies like Plains All American Pipeline (PAA) and Enterprise Products Partners (EPD).
- Water Solutions: Produced water collection, treatment, and disposal. This is a highly fragmented market but NGL has a substantial presence in key basins. Competitors include companies such as Select Water Solutions (WTTR) and WaterBridge Resources.
- Liquids Logistics: Includes transportation, storage, and blending of NGLs. Competitors include Enterprise Products Partners (EPD) and ONEOK (OKE).
Market Dynamics
Industry Overview
The midstream energy industry is dynamic, influenced by commodity prices, production levels, and regulatory changes. Demand for transportation and storage infrastructure is critical.
Positioning
NGL Energy Partners LP is a mid-sized player in the industry, focused on providing integrated solutions across the energy value chain. They have significant assets in key production basins.
Total Addressable Market (TAM)
The TAM for midstream energy services is in the hundreds of billions of dollars annually. NGL is positioned to capture a portion of this TAM through its integrated service offerings.
Upturn SWOT Analysis
Strengths
- Diversified asset base
- Strategic locations in key basins
- Integrated service offerings
- Established customer relationships
Weaknesses
- High debt levels
- Exposure to commodity price volatility
- Operational risks
- Limited financial flexibility
Opportunities
- Expansion of infrastructure in growing basins
- Increased demand for water solutions
- Acquisitions of complementary assets
- Development of new technologies
Threats
- Regulatory changes
- Competition from larger players
- Decline in oil and gas production
- Economic downturns
Competitors and Market Share
Key Competitors
- PAA
- EPD
- OKE
- WTTR
Competitive Landscape
NGL Energy Partners LP faces intense competition from larger, well-capitalized companies. Its competitive advantage lies in its integrated service offerings and strategic asset locations.
Major Acquisitions
Mesquite Disposals Unlimited
- Year: 2017
- Acquisition Price (USD millions): 890
- Strategic Rationale: Expanded produced water disposal capabilities in the Delaware Basin.
Growth Trajectory and Initiatives
Historical Growth: NGL's growth has been driven by acquisitions and expansion of its asset base.
Future Projections: Analyst projections vary, depending on commodity price outlook and execution of strategic initiatives.
Recent Initiatives: Recent initiatives include optimizing operations and reducing debt.
Summary
NGL Energy Partners LP is a midstream energy company with a diversified asset base but faces significant financial challenges. Their integrated service offerings and strategic locations provide advantages, but high debt levels and commodity price volatility pose risks. Optimizing operations and reducing debt are critical for future success, and they will need to adapt to regulatory and market changes to remain competitive.
Similar Companies

EPD

Enterprise Products Partners LP



EPD

Enterprise Products Partners LP

OKE

ONEOK Inc



OKE

ONEOK Inc

PAA

Plains All American Pipeline LP



PAA

Plains All American Pipeline LP

WTTR

Select Energy Services Inc



WTTR

Select Energy Services Inc
Sources and Disclaimers
Data Sources:
- Company filings
- Industry reports
- Analyst estimates
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It is not financial advice. Market share data are estimates and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About NGL Energy Partners LP
Exchange NYSE | Headquaters Tulsa, OK, United States | ||
IPO Launch date 2011-05-12 | President, CEO, & Director of NGL Energy Holdings LLC Mr. H. Michael Krimbill | ||
Sector Energy | Industry Oil & Gas Midstream | Full time employees 607 | |
Full time employees 607 |
NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products/renewables, and water solutions. The company operates through three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from crude oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water. The Crude Oil Logistics segment purchases crude oil from producers and marketers, and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, and transportation services through pipelines and storage tanks. The Liquids Logistics segment supplies natural gas liquids, refined petroleum products, and biodiesel to commercial, retail, and industrial customers in the United States and Canada through its 23 terminals, third-party storage and terminal facilities, and nine common carrier pipelines, as well as through a fleet of leased railcars. This segment also provides services for marine exports of butane through its facility located in Chesapeake, Virginia; and owns a propane pipeline in Michigan. NGL Energy Holdings LLC serves as the general partner of the company. The company was founded in 1940 and is headquartered in Tulsa, Oklahoma.
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