What is NGL Energy Partners's debt-to-assets?

NGL Energy Partners (NGL) reported debt-to-assets of 0.8× in Q1 2026.

How has NGL Energy Partners's debt-to-assets changed year-over-year?

NGL Energy Partners's debt-to-assets increased by 20.2% year-over-year, from 0.7× to 0.8×.

What is the long-term trend for NGL Energy Partners's debt-to-assets?

Over 5 years (2021 to 2026), NGL Energy Partners's debt-to-assets has grown at a 6.6% compound annual growth rate (CAGR), from 0.6× to 0.8×.

What does debt-to-assets mean?

Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.

NGL Energy Partners NGL Debt-to-assets

Debt-to-assets at other companies

Enterprise Products PartnersEPD

0.4×0.0×

Energy TransferET

0.5×0.0×

Select Water SolutionsWTTR

0.2×0.0×

Global PartnersGLP

0.1×0.0×

Delek US HoldingsDK

0.4×0.0×

MPLXMPLX

0×0.0×

Other financials

Income statement

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Revenue$949.5M-2.2%

Gross profit$217.3M-17.0%

Operating income$109.7M+29.5%

Net income-$287.7M-2,196%

EPS (diluted)-$0.54—

Balance sheet

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Cash & equivalents$8.5M+50.6%

Total debt$3.4B+8.9%

Total equity$119.5M-26.5%

Total assets$4.2B-9.4%

Cash flow

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Operating cash flow$110.0M-29.0%

CapEx$31.6M-16.4%

Free cash flow$78.4M-33.1%

Valuation

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Market cap$2.05B+155%

Enterprise value$5.4B+32.6%

P/S0.7×+0.4×

Profitability

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Gross margin30.9%+3.1pp

Operating margin12%—

Net margin-4.5%-5.6pp

FCF margin4.6%+3.1pp

Returns & leverage

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Return on equity112.8%+89.0pp

Debt / equity25.6×+5.9×

Current ratio1×-0.3×

Where this comes from

Calculated from NGL Energy Partners’s reported figures.

total debt/total assets=0.8×

Based on the most recent quarter.

The official record: NGL Energy Partners’s 10-K, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NGL Energy Partners's debt-to-assets?: NGL Energy Partners (NGL) reported debt-to-assets of 0.8× in Q1 2026.
How has NGL Energy Partners's debt-to-assets changed year-over-year?: NGL Energy Partners's debt-to-assets increased by 20.2% year-over-year, from 0.7× to 0.8×.
What is the long-term trend for NGL Energy Partners's debt-to-assets?: Over 5 years (2021 to 2026), NGL Energy Partners's debt-to-assets has grown at a 6.6% compound annual growth rate (CAGR), from 0.6× to 0.8×.
What does debt-to-assets mean?: Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.