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NGL Energy Partners NGL Non-Controlling Interests

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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$2.11B+244%
Enterprise value$5.46B+51.1%
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:PartnersCapitalAttributableToNoncontrollingInterest.

The source filing: NGL Energy Partners’s 10-Q, filed February 3, 2026.

Filed
Feb 3, 2026, 4:23 PM EST
Fiscal quarter
Q3 FY2026
Calendar quarter
Q4 2025
Accession
0001504461-26-000003
Line itemDecember 31, 2025March 31, 2025
General partner, representing a 0.1% interest, 124,236 and 132,145 notional units, respectively(52,893)(52,913)
Limited partners, representing a 99.9% interest, 124,111,415 and 132,012,766 common units issued and outstanding, respectively(194,660)(170,275)
Class B preferred limited partners, 12,585,642 and 12,585,642 preferred units issued and outstanding, respectively305,468305,468
Class C preferred limited partners, 1,800,000 and 1,800,000 preferred units issued and outstanding, respectively42,89142,891
Accumulated other comprehensive income9
Noncontrolling interests18,68920,669
Total equity119,495145,849
Total liabilities and equity$4,382,585$4,609,440

Item 1. Financial Statements

FAQ

What is NGL Energy Partners's non-controlling interests?
NGL Energy Partners (NGL) reported non-controlling interests of $18.69M in Q4 2025.
How has NGL Energy Partners's non-controlling interests changed year-over-year?
NGL Energy Partners's non-controlling interests decreased by 12.1% year-over-year, from $21.27M to $18.69M.
What is the long-term trend for NGL Energy Partners's non-controlling interests?
Over 4 years (2021 to 2025), NGL Energy Partners's non-controlling interests has grown at a -26.1% compound annual growth rate (CAGR), from $69.47M to $20.67M.
What does non-controlling interests mean?
Equity attributable to minority shareholders in subsidiaries not fully owned by the parent — their proportional claim on subsidiary net assets.

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