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Debt-to-equity at other companies

Enterprise Products Partners logo
Enterprise Products PartnersEPD
1.1×+0.1×
Select Water Solutions logo
Select Water SolutionsWTTR
0.3×-0.1×
Delek US Holdings logo
Delek US HoldingsDK
10.8×+3.5×
Oneok logo
OneokOKE
1.4×0.0×
TRG
Targa ResourcesTRGP
0.1×0.0×
MTD
Matador ResourcesMTDR
0.2×0.0×

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
Current ratio-0.3×

Where this comes from

Calculated from NGL Energy Partners’s reported figures.

Based on the most recent quarter.

The official record: NGL Energy Partners’s 10-Q, filed February 3, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NGL Energy Partners's debt-to-equity?
NGL Energy Partners (NGL) reported debt-to-equity of 25.6× in Q4 2025.
How has NGL Energy Partners's debt-to-equity changed year-over-year?
NGL Energy Partners's debt-to-equity increased by 30.1% year-over-year, from 19.7× to 25.6×.
What is the long-term trend for NGL Energy Partners's debt-to-equity?
Over 4 years (2021 to 2025), NGL Energy Partners's debt-to-equity has grown at a 55.0% compound annual growth rate (CAGR), from 3.7× to 21.1×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.