NGL Energy Partners LP (NGL)

NYSE · Energy · Oil & Gas Midstream · USA

NGL Energy Partners LP is a mid cap company (market value between $2 billion and $10 billion) in the Oil & Gas Midstream industry.

NGL Energy Partners LP operates three business segments serving the oil and gas industry. Water Solutions handles produced water management including treatment, recycling and disposal. Crude Oil Logistics purchases crude oil and transports it to refineries and trading hubs. Liquids Logistics supplies natural gas liquids to customers throughout the United States and Canada via terminals, pipelines and storage.

From its FY2026 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the NGL Energy Partners LP stock.

Our verdict on NGL

Not valued: Our methods do not produce a value for this company.

We do not publish a value for this company: its projected cash flows are negative in every year, including the terminal one.

ETFs with the most weight in NGL

• Subversive Congressional Republicans Trading ETF (GOP): 1.2% of the fund
• Even Herd Long Short ETF (EHLS): 0.8% of the fund
• Alerian Energy Infrastructure ETF (ENFR): 0.7% of the fund

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All 58 Oil & Gas Midstream stocks

Cheaper than NGL in Oil & Gas Midstream

• Dorian LPG Ltd (LPG): undervalued, 72% margin of safety
• BW LPG Limited (BWLP): undervalued, 72% margin of safety
• Navigator Holdings Ltd (NVGS): undervalued, 70% margin of safety
• Cheniere Energy Partners LP (CQP): undervalued, 67% margin of safety
• Frontline Plc (FRO): undervalued, 62% margin of safety
• Global Partners LP (GLP): undervalued, 54% margin of safety

34 more in this industry show a wider margin of safety.

Is NGL undervalued or overvalued?

We do not publish a verdict on NGL yet. Every method we apply here projects this company’s cash flows, and today they are negative in every year we project, including the terminal one. A discounted cash flow of negative cash flows is a negative number, not a valuation. We would rather say the methods do not apply than show that number.

What is the intrinsic value of NGL?

We do not publish one (as of the 2026-10-30 close). Every method we apply here projects this company’s cash flows, and today they are negative in every year we project, including the terminal one. A discounted cash flow of negative cash flows is a negative number, not a valuation. We would rather say the methods do not apply than show that number.