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 thousands)

9/30/2024
Q2
6/30/2024
Q1
3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,26938,909   5,431
Cash and cash equivalents5,26938,909   5,431
Receivables2,8002,7002,900  1,046,318
Inventory, net of allowances, customer advances and progress billings158,710130,907201,575250,572185,638142,607
Inventory158,710130,907201,575250,572185,638142,607
Disposal group, including discontinued operation  66,597    
Other undisclosed current assets823,478939,8211,136,0921,313,010997,22798,089
Total current assets:990,2571,178,9341,340,5671,563,5821,182,8651,292,445
Noncurrent Assets
Operating lease, right-of-use asset91,54497,155101,54995,23197,32790,220
Property, plant and equipment2,125,4212,096,7022,137,3862,166,1032,196,8452,223,380
Long-term investments and receivables19,21920,30519,53520,90020,04921,090
Long-term investments19,21920,30519,53520,90020,04921,090
Intangible assets, net (including goodwill)1,562,9691,574,2601,707,2191,724,4031,751,1391,771,032
Goodwill634,282634,282707,583707,583712,364712,364
Intangible assets, net (excluding goodwill)928,687939,978999,6361,016,8201,038,7751,058,668
Other noncurrent assets50,16952,73856,23157,69657,42957,977
Total noncurrent assets:3,849,3223,841,1604,021,9204,064,3334,122,7894,163,699
TOTAL ASSETS:4,839,5795,020,0945,362,4875,627,9155,305,6545,456,144
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities175,513213,757195,427164,115159,4081,061,207
Accounts payable      927,591
Accrued liabilities175,513213,757195,427164,115159,408133,616
Deferred revenue25,05616,93327,47228,88018,77014,520
Debt7,9467,100100100100100
Disposal group, including discontinued operation  614    
Due to related parties65
Other undisclosed current liabilities656,036738,943865,0131,114,352808,59134,245
Total current liabilities:864,551977,3471,088,0121,307,447986,8691,110,137
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,018,5272,843,9222,683,9182,782,2622,803,6072,857,805
Long-term debt, excluding current maturities3,018,4272,843,822   2,857,805
Finance lease, liability100100100100100100
Other undisclosed long-term debt and lease obligation   2,683,8182,782,1622,803,507(100)
Liabilities, other than long-term debt191,337200,114178,636171,920176,976169,676
Disposal group, including discontinued operation, liabilities  356    
Other liabilities124,067129,185107,806107,945111,978111,226
Operating lease, liability67,27070,57370,83063,97564,99858,450
Total noncurrent liabilities:3,209,8643,044,0362,862,5542,954,1822,980,5833,027,481
Total liabilities:4,074,4154,021,3833,950,5664,261,6293,967,4524,137,618
Temporary equity, carrying amount174     
Equity
Equity, attributable to parent(523)(499)(457)(473)(434)(450)
Accumulated other comprehensive loss(523)(499)(457)(473)(434)(450)
Total equity:(523)(499)(457)(473)(434)(450)
Other undisclosed liabilities and equity765,513999,2101,412,3781,366,7591,338,6361,318,976
TOTAL LIABILITIES AND EQUITY:4,839,5795,020,0945,362,4875,627,9155,305,6545,456,144

Income Statement (P&L) ($ in thousands)

9/30/2024
Q2
6/30/2024
Q1
3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
Revenues1,387,259310,5011,869,7771,841,0961,616,1043,280,236
Cost of revenue
(Cost of Goods and Services Sold)
(1,173,208)(87,295)(1,606,132)(1,578,448)(1,379,329)(2,849,317)
Gross profit:214,051223,206263,645262,648236,775430,919
Operating expenses(76,881)(239,239)(96,259)(111,092)(95,776)(125,209)
Other undisclosed operating loss(62,219)(65,098)(65,597)(65,526)(68,979)(61,141)
Operating income (loss):74,951(81,131)101,78986,03072,020244,569
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
167(25,938)51531030626,745
Interest and debt expense(69,739)(120,484)(57,221)(58,564)(52,714)(66,395)
Income (loss) from continuing operations before equity method investments, income taxes:5,379(227,553)45,08327,77619,612204,919
Income from equity method investments3001,026838851913,355
Income (loss) from continuing operations before income taxes:5,679(226,527)45,92128,62719,703208,274
Income tax expense (benefit)4,796(2,292)(154)(342)(140)(1,091)
Net income (loss):10,475(228,819)45,76728,28519,563207,183
Net income (loss) attributable to noncontrolling interest(792)159(85)(257)(262)(401)
Net income (loss) attributable to parent:9,683(228,660)45,68228,02819,301206,782
Preferred stock dividends and other adjustments(28,814)(49,162)(35,428)(34,744)(33,797)(47,493)
Other undisclosed net income (loss) available to common stockholders, basic  (6)(10)  73
Net income (loss) available to common stockholders, diluted:(19,131)(277,828)10,244(6,716)(14,496)159,362

Comprehensive Income ($ in thousands)

9/30/2024
Q2
6/30/2024
Q1
3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
Net income (loss):10,475(228,819)45,76728,28519,563207,183
Other comprehensive income (loss)(24)8216(39)16(94)
Comprehensive income (loss):10,451(228,737)45,78328,24619,579207,089
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (792)159(85)(257)(262)(401)
Comprehensive income (loss), net of tax, attributable to parent:9,659(228,578)45,69827,98919,317206,688

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.

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