NGL ENERGY PARTNERS LP (NGL) Financial Statements (2025 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 millions)
| 9/30/2024 MRQ | 3/31/2024 | 12/31/2023 MRQ | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 39 | 5 | 4 | 5 | 23 | ||||
| Cash and cash equivalents | 39 | 5 | 4 | 5 | 23 | ||||
| Receivables | 3 | 3 | 1,046 | 1,132 | 735 | 604 | |||
| Inventory, net of allowances, customer advances and progress billings | 131 | 202 | 143 | 251 | 158 | 70 | |||
| Inventory | 131 | 202 | 143 | 251 | 158 | 70 | |||
| Disposal group, including discontinued operation | 67 | ||||||||
| Other undisclosed current assets | 940 | 1,136 | 98 | 159 | 109 | 78 | |||
| Total current assets: | 1,179 | 1,341 | 1,292 | 1,546 | 1,008 | 774 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 97 | 102 | 90 | 114 | 152 | 181 | |||
| Property, plant and equipment | 2,097 | 2,137 | 2,223 | 2,462 | 2,707 | 2,852 | |||
| Long-term investments and receivables | 20 | 20 | 21 | 22 | 23 | 23 | |||
| Long-term investments | 20 | 20 | 21 | 22 | 23 | 23 | |||
| Intangible assets, net (including goodwill) | 1,574 | 1,707 | 1,771 | 1,880 | 2,007 | 2,606 | |||
| Goodwill | 634 | 708 | 712 | 744 | 744 | 994 | |||
| Intangible assets, net (excluding goodwill) | 940 | 1,000 | 1,059 | 1,135 | 1,263 | 1,612 | |||
| Other noncurrent assets | 53 | 56 | 58 | 46 | 51 | 63 | |||
| Total noncurrent assets: | 3,841 | 4,022 | 4,164 | 4,524 | 4,940 | 5,725 | |||
| TOTAL ASSETS: | 5,020 | 5,362 | 5,456 | 6,070 | 5,947 | 6,499 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 214 | 195 | 1,061 | 1,085 | 680 | 515 | |||
| Accounts payable | 928 | 1,085 | 680 | 515 | |||||
| Accrued liabilities | 214 | 195 | 134 | ||||||
| Deferred revenue | 17 | 27 | 15 | 8 | |||||
| Debt | 7 | 0 | 0 | 2 | 2 | 5 | |||
| Disposal group, including discontinued operation | 1 | ||||||||
| Other liabilities | 141 | 170 | 232 | ||||||
| Due to related parties | ✕ | ✕ | ✕ | 0 | 0 | 0 | 18 | ||
| Other undisclosed current liabilities | 739 | 865 | 34 | 42 | 58 | 76 | |||
| Total current liabilities: | 977 | 1,088 | 1,110 | 1,277 | 911 | 846 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 2,844 | 2,684 | 2,858 | 3,350 | 3,319 | 3,145 | |||
| Long-term debt, excluding current maturities | 2,844 | 2,858 | |||||||
| Finance lease, liability | 0 | 0 | 0 | ||||||
| Other undisclosed long-term debt and lease obligation | 2,684 | (0) | 3,278 | 3,215 | 3,024 | ||||
| Liabilities, other than long-term debt | 200 | 179 | 170 | 104 | 115 | 114 | |||
| Disposal group, including discontinued operation, liabilities | 0 | ||||||||
| Other liabilities | 129 | 108 | 111 | 104 | 115 | 114 | |||
| Operating lease, liability | 71 | 71 | 58 | 73 | 104 | 121 | |||
| Total noncurrent liabilities: | 3,044 | 2,863 | 3,027 | 3,455 | 3,434 | 3,259 | |||
| Total liabilities: | 4,021 | 3,951 | 4,138 | 4,732 | 4,344 | 4,105 | |||
| Temporary equity, carrying amount | |||||||||
| Equity | |||||||||
| Equity, attributable to parent | (0) | (0) | (0) | (0) | (0) | (0) | |||
| Accumulated other comprehensive loss | (0) | (0) | (0) | (0) | (0) | (0) | |||
| Total equity: | (0) | (0) | (0) | (0) | (0) | (0) | |||
| Other undisclosed liabilities and equity | 999 | 1,412 | 1,319 | 1,339 | 1,603 | 2,394 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,020 | 5,362 | 5,456 | 6,070 | 5,947 | 6,499 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 3/31/2024 | 12/31/2023 TTM | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,957 | 8,607 | 8,695 | 7,948 | 5,227 | 7,584 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (5,967) | (7,413) | (7,650) | (7,139) | (4,494) | (6,604) | ||
| Gross profit: | 990 | 1,194 | 1,045 | 809 | 733 | 980 | ||
| Operating expenses | (543) | (428) | (472) | (443) | (800) | (708) | ||
| Other undisclosed operating loss | (269) | (261) | (283) | (282) | (323) | (275) | ||
| Operating income (loss): | 178 | 504 | 289 | 83 | (391) | (3) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 3 | 28 | 29 | 2 | (37) | 2 | ||
| Interest and debt expense | (325) | (235) | (269) | (270) | (215) | (180) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (145) | 297 | 49 | (185) | (643) | (181) | ||
| Income from equity method investments | 4 | 5 | 4 | 1 | 2 | 1 | ||
| Income (loss) from continuing operations before income taxes: | (141) | 303 | 53 | (183) | (641) | (180) | ||
| Income tax expense (benefit) | (2) | (2) | (0) | (1) | 3 | (0) | ||
| Income (loss) from continuing operations: | (143) | 301 | 52 | (184) | (637) | (181) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (184) | (639) | (399) | |
| Loss from discontinued operations | (2) | (218) | ||||||
| Net income (loss): | (143) | 301 | 52 | (184) | (639) | (399) | ||
| Net income (loss) attributable to noncontrolling interest | (1) | (1) | (1) | (1) | (1) | 2 | ||
| Net income (loss) attributable to parent: | (144) | 300 | 51 | (185) | (640) | (397) | ||
| Preferred stock dividends and other adjustments | (140) | (151) | (125) | (104) | (93) | (268) | ||
| Other undisclosed net income (loss) available to common stockholders, basic | 0 | 0 | ||||||
| Net income (loss) available to common stockholders, diluted: | (283) | 148 | (73) | (289) | (733) | (665) | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 3/31/2024 | 12/31/2023 TTM | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (143) | 301 | 52 | (184) | (639) | (399) | ||
| Other comprehensive income (loss) | (0) | (0) | (0) | (0) | 0 | (0) | ||
| Comprehensive income (loss): | (143) | 301 | 52 | (184) | (639) | (399) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1) | (1) | (1) | (1) | (1) | 2 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (144) | 300 | 51 | (185) | (640) | (397) | ||
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.