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NGL Energy Partners NGL Liquids Logistics — Investments in unconsolidated entities

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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:DisposalGroupIncludingDiscontinuedOperationInvestment.

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
Property, plant and equipment, net4121,35051,34953,111
Goodwill17,05117,051
Intangible assets, net29,5579,71839,275
Investments in unconsolidated entities18,2215118,272
Operating lease right-of-use assets3,9623,962
Other noncurrent assets1,2373,1424,379
Valuation allowance on assets held for sale(7,974)(7,974)
Total assets held for sale$40,216$2,587$132,404$175,207

Item 16. Form 10-K Summary

FAQ

What is NGL Energy Partners's liquids logistics — investments in unconsolidated entities?
NGL Energy Partners (NGL) reported liquids logistics — investments in unconsolidated entities of $51K in Q1 2025.
What does liquids logistics — investments in unconsolidated entities mean?
This represents the segment's equity interest in joint ventures or partnerships where it exercises significant influence but does not have full control. These investments are strategic vehicles used to expand logistics capabilities or share operational risks with other industry participants. It provides insight into the segment's collaborative growth strategy and exposure to external operational performance.

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