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NGL Energy Partners NGL Redemption of preferred stock

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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:PaymentsForRepurchaseOfPreferredStockAndPreferenceStock.

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 itemYear Ended March 31, 2026Year Ended March 31, 2025Year Ended March 31, 2024
Distributions to preferred unitholders(113,486)(305,291)(178,299)
Distributions to noncontrolling interest owners(6,580)(5,483)(1,586)
Warrant repurchases(6,929)
Class D preferred unit repurchases(422,502)
Common unit repurchases and cancellations(47,649)(2,126)(84)
Payments to settle contingent consideration liabilities(155)(420)(1,576)
Net settlements of derivatives526977
Principal payments of finance lease(1,593)(19)(16)

Item 16. Form 10-K Summary

FAQ

What is NGL Energy Partners's redemption of preferred stock?
NGL Energy Partners (NGL) reported redemption of preferred stock of $295.35M in Q1 2026.
What does redemption of preferred stock mean?
Cash used to redeem (buy back) outstanding preferred stock, eliminating future dividend obligations.

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