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.

NGL Energy Partners NGL Redemption of preferred stock

Redemption of preferred stock at other companies

Delek US HoldingsDK

$0-100%

OneokOKE

$0-100%

Delek Logistics PartnersDKL

$0-100%

Genesis EnergyGEL

$137.2M-47.7%

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

Debt / equity25.6×+5.9×

Current ratio1×-0.3×

Where this comes from

Reported directly by NGL Energy Partners in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForRepurchaseOfPreferredStockAndPreferenceStock.

The official record: NGL Energy Partners’s 10-K, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.