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NGL Energy Partners NGL Liquids Logistics — Goodwill

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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$2.17B+305%
Enterprise value$5.51B+56.1%
P/S0.7×+0.5×

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 ratio-0.3×

Where this comes from

Reported directly by NGL Energy Partners in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: NGL Energy Partners’s 10-K, filed May 28, 2026.

Filed
May 28, 2026, 4:25 PM EDT
Fiscal year
FY2026
Accession
0001504461-26-000012
Line itemWater SolutionsCrude Oil LogisticsLiquids LogisticsTotal
Goodwill at March 31, 2024$279,202$309,971$28,058$617,231
Impairment(17,883)(17,883)
Goodwill at March 31, 2025279,202309,97110,175599,348
Impairment(247,842)(247,842)
Goodwill at March 31, 2026$279,202$62,129$10,175$351,506

Item 16. Form 10-K Summary

FAQ

What is NGL Energy Partners's liquids logistics — goodwill?
NGL Energy Partners (NGL) reported liquids logistics — goodwill of $10.18M in Q1 2026.
How has NGL Energy Partners's liquids logistics — goodwill changed year-over-year?
NGL Energy Partners's liquids logistics — goodwill decreased by 40.3% year-over-year, from $17.05M to $10.18M.
What does liquids logistics — goodwill mean?
The carrying value of goodwill associated with the Liquids Logistics reporting unit, representing the premium paid over the fair value of net identifiable assets during acquisitions. It serves as a measure of the historical investment in the segment's growth and market presence.

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