NGL Energy Partners LP engages in the ownership and operation of a vertically integrated energy business. It operates through the following segments: Crude Oil Logistics; Water Solutions; Liquids; Refined Products and Renewables; and Corporate and Other. The Crude Oil Logistics segment purchases crude oil from producers and transports it to refineries or for resale at owned and leased pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs. The Water Solutions segment provides services for the treatment and disposal of wastewater generated from crude oil and natural gas production and for the disposal of solids such as tank bottoms and drilling fluids and perform trucks washouts. The Liquid segment supplies natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants. The Refined Products and Renewables segment conducts gasoline, diesel, ethanol, and biodiesel marketing operations. The Corporate and Other segment include corporate expenses that are not allocated to the reportable segments. The company was founded in 1940 and is headquartered in Tulsa, OK.
![NGL Energy Partners logo](https://files.capedge.com/10-K/0001504461-22-000010/ngl-20220331_g1.jpg)
Company profile
Ticker
NGL, NGL-PB, NGL-PC
Exchange
Website
CEO
H. Michael Krimbill
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Silverthorne Energy Partners LP
SEC CIK
Corporate docs
Subsidiaries
Accelerated Water Resources, LLC • AntiCline Disposal, LLC • AWR Disposal, LLC • Centennial Energy, LLC • Centennial Gas Liquids ULC • Choya Operating, LLC • Disposals Operating, LLC • GGCOF HEP Blocker II, LLC • GGCOF HEP Blocker, LLC • Grand Mesa Pipeline, LLC ...
IRS number
273427920
NGL stock data
Latest filings (excl ownership)
10-Q
2025 Q1
Quarterly report
8 Aug 24
10-K
2024 FY
Annual report
6 Jun 24
10-Q
2024 Q3
Quarterly report
8 Feb 24
8-K
NGL Closes $2.9 Billion Debt Refinancing Transactions and Amends and Extends Asset-Based Revolving Credit Facility
2 Feb 24
8-K
NGL Energy Partners LP Announces Pricing of $2.2 Billion Offering of Senior Secured Notes
25 Jan 24
8-K
NGL Energy Partners LP Announces $2.1 Billion Offering of Senior Secured Notes
23 Jan 24
8-K
NGL Energy Partners LP Announces $700 Million Senior Secured Term Loan Facility and Provides Financial Update
17 Jan 24
10-Q
2024 Q2
Quarterly report
9 Nov 23
10-Q
2024 Q1
Quarterly report
9 Aug 23
10-K
2023 FY
Annual report
31 May 23
Transcripts
NGL
Earnings call transcript
2024 Q3
8 Feb 24
NGL
Earnings call transcript
2024 Q2
9 Nov 23
NGL
Earnings call transcript
2024 Q1
9 Aug 23
NGL
Earnings call transcript
2023 Q2
9 Aug 23
NGL
Earnings call transcript
2023 Q4
31 May 23
NGL
Earnings call transcript
2023 Q3
9 Feb 23
NGL
Earnings call transcript
2023 Q2
9 Nov 22
NGL
Earnings call transcript
2023 Q1
9 Aug 22
NGL
Earnings call transcript
2022 Q4
6 Jun 22
NGL
Earnings call transcript
2022 Q3
10 Feb 22
Latest ownership filings
SC 13G/A
JPMORGAN CHASE & CO
7 Jun 24
3
Jennifer L Kingham
2 May 24
4
JAMES M COLLINGSWORTH
14 Feb 24
SC 13G/A
Invesco Ltd.
12 Feb 24
SC 13G
JPMORGAN CHASE & CO
6 Feb 24
4
DEREK S REINERS
17 Nov 23
4
JAMES M COLLINGSWORTH
17 Nov 23
4
Shawn W Coady
17 Nov 23
4
BRYAN K GUDERIAN
17 Nov 23
4
Kurston Patrick McMurray
17 Nov 23
Financial summary
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Diluted EPS |
Annual (USD) | Mar 24 | Mar 23 | Mar 22 | Mar 21 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 5.27 mm | 5.27 mm | 5.27 mm | 5.27 mm | 5.27 mm | 5.27 mm |
Cash burn (monthly) | 11.21 mm | 209.75 k | (no burn) | (no burn) | 6.02 mm | (no burn) |
Cash used (since last report) | 19.91 mm | 372.51 k | n/a | n/a | 10.69 mm | n/a |
Cash remaining | -14.65 mm | 4.90 mm | n/a | n/a | -5.42 mm | n/a |
Runway (months of cash) | -1.3 | 23.3 | n/a | n/a | -0.9 | n/a |
Institutional ownership, Q2 2024
22.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 20 |
Opened positions | 5 |
Closed positions | 2 |
Increased positions | 3 |
Reduced positions | 4 |
13F shares | Current |
---|---|
Total value | 55.34 bn |
Total shares | 29.18 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Eig Neptune Equity Aggregator | 16.73 mm | $0.00 |
GS The Goldman Sachs Group, Inc. | 4.87 mm | $24.66 bn |
JPM JPMorgan Chase & Co. | 4.85 mm | $24.56 bn |
OAK-PB Oaktree Capital | 1.46 mm | $0.00 |
NBW Capital | 451.95 k | $2.29 bn |
BNP Paribas Arbitrage | 277.20 k | $1.40 bn |
Cerity Partners | 160.35 k | $811.37 mm |
Whittier Trust | 123.50 k | $624.91 mm |
Jump Financial | 68.35 k | $345.84 mm |
Tortoise Capital Advisors, L.L.C. | 68.23 k | $345.26 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Feb 24 | James M Collingsworth | Common Units | Buy | Acquire P | No | No | 5.819 | 69,899 | 406.74 k | 629,500 |
13 Feb 24 | James M Collingsworth | Common Units | Buy | Acquire P | No | No | 5.8079 | 30,101 | 174.82 k | 559,601 |
15 Nov 23 | Lawrence J. Thuillier | Common Units | Payment of exercise | Dispose F | No | No | 3.945 | 5,514 | 21.75 k | 84,298 |
15 Nov 23 | Kurston Patrick McMurray | Common Units | Payment of exercise | Dispose F | No | No | 3.945 | 15,788 | 62.28 k | 147,524 |
15 Nov 23 | Bryan K Guderian | Common Units | Grant | Acquire A | No | No | 0 | 12,500 | 0.00 | 122,500 |