NGL Energy Partners LP (NGL)

NGL Energy Partners LP's stock has experienced significant movements in the past six months. The stock surged by approximately 135% since August 2025. A director's purchase of 100,000 shares in September 2025 boosted investor confidence, contributing to the stock hitting a 5-year high. However, the share price fell by 8.91% between September 18 and September 25, 2025, potentially due to investors cashing in profits. Despite this dip, the stock had surged almost 37% over the six months leading up to September 2025. The company reported strong financial results for Q2 FY2026, with revenue exceeding expectations and a raised full-year Adjusted EBITDA guidance to $650-$660 million, projecting approximately 10% growth in fiscal years 2026 and 2027. The stock price increased by 72.60% between January 8, 2025, and January 7, 2026.

NGL Energy Partners LP's business has historically experienced demand seasonality, particularly in its Liquids Logistics segment. Asset sales were intended to reduce the volatility and seasonality of Adjusted EBITDA and working capital requirements. The Liquids Logistics segment manages seasonal butane supply needs and utilizes underground storage to capitalize on seasonal demand fluctuations. The Water Solutions segment benefits from long-term, fixed-fee contracts and acreage dedications, providing more stable and predictable cash flows, thereby mitigating some of the overall demand seasonality for the company.

NGL Energy Partners LP is a diversified midstream energy company involved in the transportation, storage, blending, and marketing of crude oil, natural gas liquids (NGLs), refined products, and water solutions. The company's business is structured around three main segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment focuses on transporting, treating, recycling, and disposing of produced and flowback water, aggregating and selling recovered crude oil, disposing of solids, selling produced water for reuse, and brackish non-potable water, contributing approximately 85% of the company's EBITDA. The Crude Oil Logistics segment involves purchasing crude oil and transporting it to refineries or for resale, offering storage, terminaling, and transportation services through owned assets like the Grand Mesa Pipeline System and Cushing and Gulf Coast terminals. The Liquids Logistics segment handles the supply operations for natural gas liquids, refined petroleum products, and biodiesel, serving customers across the United States and Canada through terminals, third-party storage, pipelines, and leased railcars, also providing services for marine exports of butane and owning a propane pipeline in Michigan.

NGL Energy Partners LP operates across the United States and Canada, concentrated in key oil and gas producing regions, including the Delaware Basin, Eagle Ford, DJ Basins, Bakken shale play in North Dakota, Permian Basin in Texas and New Mexico, Anadarko Basin (including STACK, Granite Wash, SCOOP), southern Louisiana at the Gulf of Mexico, and Mississippi Lime plays in Oklahoma and Texas. The company also has office locations in Denver, Calgary, Houston, and Tulsa.

NGL Energy Partners LP's brand reputation has been influenced by its financial performance and strategic operational shifts. The company reported strong financial results, with its Water Solutions segment achieving record annual water disposal volumes and Adjusted EBITDA for fiscal year 2025, exceeding previous guidance. NGL has undertaken strategic non-core asset sales, including 17 natural gas liquids terminals, its Rack Marketing refined products business, and its remaining crude rail car fleet, totaling approximately $270 million, aimed at reducing volatility and seasonality and focusing on core assets. NGL Energy Partners LP participated in a public-private partnership with the State of New Mexico to acquire the Pipkin Ranch, creating a large-scale connectivity project for New Mexico wildlife, which could positively impact its environmental reputation.

NGL Energy Partners LP has a diverse ownership structure. Institutional owners hold 41.87% of the company, while individuals hold 7.26%. Public companies and retail investors collectively own 44.02% of the shares. Major institutional shareholders include Invesco Ltd., Morgan Stanley, Bank Of America Corp /De/, Goldman Sachs Group Inc, ING Groep NV, JPMorgan Chase & Co, Citigroup Inc, and Angelo Gordon & Co., L.p. Insider sentiment is positive, with nine different insiders making high-impact open-market purchases totaling $5.92 million over the last year.