NGL Energy Partners LPNGL
What NGL Energy Partners LP does.
Originally formed in September 2010, we are a Delaware master limited partnership and our business is currently organized into the following three segments:
• Our Water Solutions segment transports, treats, recycles and disposes of produced and flowback water generated from crude oil and natural gas production. We also sell produced water for reuse and recycle to our producer customers to be used in their crude oil exploration and production activities. As part of processing water, we aggregate and sell recovered crude oil, also known as skim oil. We also dispose of solids such as tank bottoms, drilling fluids and drilling muds and perform other ancillary services such as truck washouts. Our activities in this segment are underpinned by long-term, fixed fee contracts and acreage dedications, a significant portion of which contain minimum volume commitments with leading oil and gas companies including large, investment grade producer customers.
• Our Crude Oil Logistics segment purchases crude oil from producers and marketers and transports it to refineries or for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities and other trade hubs, and provides storage, terminaling and transportation services through its owned assets. Our activities in this segment are supported by certain long-term, fixed rate contracts with acreage dedications and which include minimum volume commitments on our storage tanks and owned and leased pipelines.
Revenue and profit, by fiscal year.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Revenue | $5.2B | $7.9B | $5.7B | $4.2B | $3.5B | $3.2B |
| Net income | -$639.8M | -$184.8M | $51.4M | -$143.8M | $39.4M | -$142.3M |
| Free cash flow | $117.2M | $63.5M | $297.4M | $223.9M | $51.6M | $144.7M |
More on NGL.
- NGL Energy Partners LP summary
- NGL Energy Partners LP financial statements
- NGL Energy Partners LP key metrics
- NGL Energy Partners LP health scores and style box
- NGL Energy Partners LP earnings
- NGL Energy Partners LP dividends
- NGL Energy Partners LP valuation
- NGL Energy Partners LP ownership and insiders
- NGL Energy Partners LP peers
Figures from NGL Energy Partners LP's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.