NGL Energy Partners LP (NGL)

Over the past six months, NGL Energy Partners LP's stock price has increased significantly. Key events impacting the stock price include strong Q1, Q2 and Q3 Fiscal 2026 financial results, a partnership with Natura Resources to enable large-scale produced water treatment, and quarterly cash distributions for its preferred units.

NGL Energy Partners LP experiences seasonality in the demand for some of its products and services, particularly within its Liquids business. The company often sees operating losses or low operating income in the second and third calendar quarters due to building inventories of natural gas liquids in anticipation of higher demand during the heating season. Propane demand typically increases in September/October and throughout the winter months.

NGL Energy Partners LP is a diversified midstream energy company operating in the Oil & Gas Midstream industry. It operates through three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment focuses on water transportation, treatment, recycling, and disposal, along with crude oil recovery and solids disposal. The Crude Oil Logistics segment purchases crude oil and transports it to refineries, providing storage and terminaling services. The Liquids Logistics segment supplies natural gas liquids, refined petroleum products, and biodiesel through its terminals and pipelines, including marine exports of butane and a propane pipeline.

NGL Energy Partners LP has a significant geographic presence across North America. The Water Solutions segment operates in key oil and gas producing regions such as the Delaware Basin, Eagle Ford, DJ Basin, Midland, and Pinedale Anticline. The Liquids Logistics segment serves customers across the United States and Canada. The company also has a marine export facility for butane in Chesapeake, Virginia, and a propane pipeline in Michigan.

NGL Energy Partners LP participated in a public-private partnership with the New Mexico Department of Game and Fish to enhance wildlife conservation, specifically for the Lesser Prairie Chicken, grassland birds, and pronghorn antelope. This initiative reflects positively on NGL's brand reputation by demonstrating a commitment to environmental stewardship and wildlife conservation.

NGL Energy Partners LP has a diverse ownership structure, with institutional investors holding 44.96% and individuals holding 7.37% of the company. As of April 9, 2026, there are 99 institutional owners and shareholders holding a total of 73,209,014 shares. Major institutional owners include Invesco Ltd., Morgan Stanley, and Bank Of America Corp.