NGL Energy Partners LP
We are a diversified midstream energy partnership that transports, treats, recycles and disposes of produced and flowback water generated as part of the energy production process as well as transports, stores, markets and provides other logistics services for crude oil and liquid hydrocarbons. Originally formed in September 2010, we are a Delaware master limited partnership and our business is …
$15.47
-$0.01 (-0.06%)
EOD Oct 21, 2026
Operating margin is thin at 3.00%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 9.0% YoY. Margins deteriorated 23.1pp alongside, both lines moving the wrong way.
Net debt of $3.35B represents 23.1x FCF, leverage limits flexibility. Operating margin contracted 23.1pp YoY, cost discipline may be slipping.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$3.52B
▼ -9.0% YoY
Net Income (TTM)
-$132M
▼ -461.4% YoY
Op. Margin
0.41%
▼ -23.1pp YoY
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
$102M
▲ +180.1% YoY
Op. Cash Flow (TTM)
$410M
▲ +23.0% YoY
Net Debt
$3.40B
Cash & Equiv.
$5M
5Y CAGR: -9.6%
5Y CAGR: +4.3%
Continue Research
SourceComputed from the 10-Q filed 31 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 11 Oct 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends Mar. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is NGL Energy Partners LP (NGL) overvalued?
NGL Energy Partners LP (NGL) trades above a two-stage DCF intrinsic value of about $-4.19 per share, so at $15.47 the stock looks overvalued (127.1% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, NGL Energy Partners LP scores 20/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is NGL Energy Partners LP's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $-4.19 per share for NGL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $-3.14. At today's $15.47, that puts the stock about 127.1% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is NGL Energy Partners LP a high-quality business?+
NGL Energy Partners LP scores 20 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 0.4% operating margin. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is NGL Energy Partners LP a good stock to buy right now?+
That depends on valuation and quality together, not either alone. NGL currently trades above its estimated intrinsic value and scores 20/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Natural Gas Transmission
Spot a number that looks wrong? Check it in NGL's SEC filings or
Download this analysis as a PDF (Pro)
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Keep analysing NGL
Create a free account and get 14 days of Premium: every stock and every tool.
- Unlimited stocks
- Stock screener
- Portfolio tracker
- Editable DCF
- Compare side by side
- Unlimited alerts
No card. Moves to Free after, unless you upgrade.
Already have an account?
Or come back tomorrow. Stocks on your watchlist are always free to view.