NGL Energy Partners LP (NGLPC) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
6120 S. YALE TULSA, OK 74136 |
| State of Incorp. | DE |
| Fiscal Year End | March 31 |
| Industry (SIC) | 4922 - Natural Gas Transmission (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2025 MRQ | 3/31/2025 | 12/31/2024 MRQ | 3/31/2024 | 3/31/2023 | 3/31/2022 | 3/31/2021 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 13,549 | 5,683 | 38,909 | 5,431 | 3,822 | 4,829 | |||
| Cash and cash equivalent | 5,649 | 5,683 | 38,909 | 5,431 | 3,822 | 4,829 | |||
| Short-term investments | 7,900 | ||||||||
| Receivables | 3,000 | 4,200 | 2,700 | 1,046,318 | 1,131,754 | 735,378 | |||
| Inventory, net of allowances, customer advances and progress billings | 69,916 | 134,075 | 130,907 | 142,607 | 251,277 | 158,467 | |||
| Inventory | 69,916 | 134,075 | 130,907 | 142,607 | 251,277 | 158,467 | |||
| Disposal group, including discontinued operation | 175,207 | 4,557 | 66,597 | ||||||
| Other undisclosed current assets | 700,381 | 867,353 | 939,821 | 98,089 | 159,486 | 109,164 | |||
| Total current assets: | 962,053 | 1,015,868 | 1,178,934 | 1,292,445 | 1,546,339 | 1,007,838 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 109,870 | 112,860 | 97,155 | 90,220 | 114,124 | 152,146 | |||
| Property, plant and equipment | 2,066,847 | 2,136,699 | 2,096,702 | 2,223,380 | 2,462,390 | 2,706,853 | |||
| Long-term investments and receivables | 19,312 | 20,305 | 21,090 | 21,897 | 22,719 | ||||
| Long-term investments | 19,312 | 20,305 | 21,090 | 21,897 | 22,719 | ||||
| Intangible assets, net (including goodwill) | 1,450,695 | 1,539,317 | 1,574,260 | 1,771,032 | 1,879,793 | 2,007,052 | |||
| Goodwill | 599,348 | 634,282 | 634,282 | 712,364 | 744,439 | 744,439 | |||
| Intangible assets, net (excluding goodwill) | 851,347 | 905,035 | 939,978 | 1,058,668 | 1,135,354 | 1,262,613 | |||
| Other noncurrent assets | 19,975 | 24,416 | 52,738 | 57,977 | 45,802 | 50,733 | |||
| Total noncurrent assets: | 3,647,387 | 3,832,604 | 3,841,160 | 4,163,699 | 4,524,006 | 4,939,503 | |||
| TOTAL ASSETS: | 4,609,440 | 4,848,472 | 5,020,094 | 5,456,144 | 6,070,345 | 5,947,341 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 135,233 | 138,236 | 213,757 | 1,061,207 | 1,084,837 | 679,868 | |||
| Accounts payable | 927,591 | 1,084,837 | 679,868 | ||||||
| Accrued liabilities | 135,233 | 138,236 | 213,757 | 133,616 | |||||
| Deferred revenue | 9,168 | 23,512 | 16,933 | 14,520 | 7,667 | ||||
| Debt | 8,905 | 8,869 | 7,100 | 100 | 2,378 | 2,183 | |||
| Disposal group, including discontinued operation | 42,103 | 614 | |||||||
| Business combination, contingent consideration, liability | 2,000 | ||||||||
| Other liabilities | 140,719 | 170,400 | |||||||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | 65 | 73 | 119 | ||
| Other undisclosed current liabilities | 541,821 | 675,836 | 738,943 | 34,245 | 41,528 | 58,233 | |||
| Total current liabilities: | 739,230 | 846,453 | 977,347 | 1,110,137 | 1,277,202 | 910,803 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 2,961,803 | 3,079,088 | 2,843,922 | 2,857,805 | 3,350,463 | 3,319,030 | |||
| Long-term debt, excluding current maturities | 2,961,703 | 3,078,988 | 2,843,822 | 2,857,805 | |||||
| Finance lease, liability | 100 | 100 | 100 | 100 | |||||
| Other undisclosed long-term debt and lease obligation | (100) | 3,277,679 | 3,215,393 | ||||||
| Liabilities, other than long-term debt | 226,086 | 208,975 | 200,114 | 169,676 | 104,346 | 114,615 | |||
| Disposal group, including discontinued operation, liabilities | 1,149 | 356 | |||||||
| Other liabilities | 125,897 | 121,943 | 129,185 | 111,226 | 104,346 | 114,615 | |||
| Operating lease, liability | 85,240 | 87,032 | 70,573 | 58,450 | 72,784 | 103,637 | |||
| Business combination, contingent consideration, liability | 13,800 | ||||||||
| Total noncurrent liabilities: | 3,187,889 | 3,288,063 | 3,044,036 | 3,027,481 | 3,454,809 | 3,433,645 | |||
| Total liabilities: | 3,927,119 | 4,134,516 | 4,021,383 | 4,137,618 | 4,732,011 | 4,344,448 | |||
| Temporary equity, including noncontrolling interest | 424 | 367 | |||||||
| Equity | |||||||||
| Equity, attributable to parent | 9 | 10 | (499) | (450) | (308) | (266) | |||
| Accumulated other comprehensive income (loss) | 9 | 10 | (499) | (450) | (308) | (266) | |||
| Total equity: | 9 | 10 | (499) | (450) | (308) | (266) | |||
| Other undisclosed liabilities and equity | 681,888 | 713,579 | 999,210 | 1,318,976 | 1,338,642 | 1,603,159 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,609,440 | 4,848,472 | 5,020,094 | 5,456,144 | 6,070,345 | 5,947,341 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2025 TTM | 3/31/2025 | 12/31/2024 TTM | 3/31/2024 | 3/31/2023 | 3/31/2022 | 3/31/2021 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,469,186 | 4,599,508 | 6,956,571 | 8,694,904 | 7,947,915 | 5,227,023 | ||
| Cost of revenue (Cost of Product and Service Sold) | (2,507,077) | (3,691,650) | (5,966,794) | (7,650,024) | (7,139,312) | (4,493,822) | ||
| Gross profit: | 962,109 | 907,858 | 989,777 | 1,044,880 | 808,603 | 733,201 | ||
| Operating expenses | (384,727) | (508,230) | (543,002) | (472,431) | (443,335) | (800,466) | ||
| Other undisclosed operating loss | (248,027) | (252,582) | (269,203) | (283,286) | (282,225) | (323,488) | ||
| Operating income (loss): | 329,355 | 147,046 | 177,572 | 289,163 | 83,043 | (390,753) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 4,262 | (23,462) | 2,793 | 28,748 | 2,254 | (36,503) | ||
| Interest and debt expense | (9) | (330,685) | (325,204) | (269,268) | (269,827) | (215,491) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 333,608 | (207,101) | (144,839) | 48,643 | (184,530) | (642,747) | ||
| Income from equity method investments | 6,565 | 4,224 | 4,120 | 4,120 | 1,400 | 1,938 | ||
| Other undisclosed loss from continuing operations before income taxes | (280,069) | |||||||
| Income (loss) from continuing operations before income taxes: | 60,104 | (202,877) | (140,719) | 52,763 | (183,130) | (640,809) | ||
| Income tax expense (benefit) | 4,885 | 2,499 | (2,405) | (271) | (971) | 3,391 | ||
| Income (loss) from continuing operations: | 64,989 | (200,378) | (143,124) | 52,492 | (184,101) | (637,418) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | (184,101) | (639,187) | |
| Income (loss) from discontinued operations | (21,826) | (1,769) | ||||||
| Other undisclosed net loss | ||||||||
| Net income (loss): | 43,163 | (200,378) | (143,124) | 52,492 | (184,101) | (639,187) | ||
| Net loss attributable to noncontrolling interest | (3,795) | (2,638) | (631) | (1,106) | (655) | (632) | ||
| Net income (loss) attributable to parent: | 39,368 | (203,016) | (143,755) | 51,386 | (184,756) | (639,819) | ||
| Preferred stock dividends and other adjustments | (118,347) | (137,663) | (139,644) | (124,691) | (104,163) | (93,364) | ||
| Other undisclosed net income (loss) available to common stockholders, basic | (6) | 73 | ||||||
| Net loss available to common stockholders, diluted: | (78,979) | (340,685) | (283,399) | (73,232) | (288,919) | (733,183) | ||
Comprehensive Income ($ in thousands)
| 9/30/2025 TTM | 3/31/2025 | 12/31/2024 TTM | 3/31/2024 | 3/31/2023 | 3/31/2022 | 3/31/2021 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 43,163 | (200,378) | (143,124) | 52,492 | (184,101) | (639,187) | ||
| Net loss attributable to redeemable noncontrolling interest | (46) | ✕ | ✕ | ✕ | ✕ | |||
| Other comprehensive income (loss) | 508 | 591 | (49) | (142) | (42) | 119 | ||
| Comprehensive income (loss): | 43,671 | (199,787) | (143,173) | 52,350 | (184,143) | (639,068) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (633) | (631) | (1,106) | (655) | (632) | |||
| Other undisclosed comprehensive income, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 43,671 | (200,420) | (143,804) | 51,244 | (184,798) | (639,700) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.