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NGL - NGL Energy Partners ...

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NGL Energy Partners LP

NGL

NYSE

NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water. The Crude Oil Logistics segment purchases crude oil from producers and marketers, and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, and transportation services through pipelines. The Liquids Logistics segment supplies natural gas liquids, refined petroleum products, and biodiesel to commercial, retail, and industrial customers in the United States and Canada through its 24 terminals, third-party storage and terminal facilities, and nine common carrier pipelines, as well as through fleet of leased railcars. This segment is also involved in the marine export of butane through its facility located in Chesapeake, Virginia. NGL Energy Holdings LLC serves as the general partner of the company. The company was founded in 1940 and is headquartered in Tulsa, Oklahoma.

3.04 USD

-0.22 (-7.24%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

7.58B

5.23B

7.95B

8.69B

6.96B

7.14B

7.32B

7.51B

7.71B

7.91B

Revenue %

-

-31.08

52.05

9.4

-19.99

2.6

2.6

2.6

2.6

Ebitda

266.64M

-124.48M

377.51M

602.1M

395.99M

264.09M

270.95M

277.98M

285.2M

292.6M

Ebitda %

3.52

-2.38

4.75

6.92

5.69

3.7

3.7

3.7

3.7

Ebit

984k

-442.01M

88.51M

328.21M

129.46M

-24.18M

-24.81M

-25.45M

-26.11M

-26.79M

Ebit %

0.01

-8.46

1.11

3.77

1.86

-0.34

-0.34

-0.34

-0.34

Depreciation

265.66M

317.53M

289M

273.89M

266.52M

288.27M

295.75M

303.43M

311.31M

319.39M

Depreciation %

3.5

6.07

3.64

3.15

3.83

4.04

4.04

4.04

4.04

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

22.7M

4.83M

3.82M

5.43M

38.91M

15.15M

15.55M

15.95M

16.36M

16.79M

Total Cash %

0.3

0.09

0.05

0.06

0.56

0.21

0.21

0.21

0.21

Receivables

579.77M

735.38M

1.13B

1.05B

815.59M

852.33M

874.45M

897.14M

920.43M

944.32M

Receivables %

7.64

14.07

14.24

12.03

11.72

11.94

11.94

11.94

11.94

Inventories

69.63M

158.47M

251.28M

142.61M

130.91M

151.78M

155.72M

159.76M

163.91M

168.16M

Inventories %

0.92

3.03

3.16

1.64

1.88

2.13

2.13

2.13

2.13

Payable

532.77M

679.99M

1.08B

927.66M

707.57M

778.3M

798.5M

819.22M

840.48M

862.3M

Payable %

7.02

13.01

13.65

10.67

10.17

10.9

10.9

10.9

10.9

Cap Ex

-555.71M

-186.8M

-142.36M

-147.76M

-152.29M

-236.68M

-242.82M

-249.13M

-255.59M

-262.23M

Cap Ex %

-7.33

-3.57

-1.79

-1.7

-2.19

-3.32

-3.32

-3.32

-3.32

Weighted Average Cost Of Capital

Price

3.04

Beta

Diluted Shares Outstanding

132.15M

Costof Debt

9.14

Tax Rate

After Tax Cost Of Debt

9.14

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

2.95B

Total Equity

401.73M

Total Capital

3.35B

Debt Weighting

88.02

Equity Weighting

11.98

Wacc

8.59

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

7.58B

5.23B

7.95B

8.69B

6.96B

7.14B

7.32B

7.51B

7.71B

7.91B

Ebitda

266.64M

-124.48M

377.51M

602.1M

395.99M

264.09M

270.95M

277.98M

285.2M

292.6M

Ebit

984k

-442.01M

88.51M

328.21M

129.46M

-24.18M

-24.81M

-25.45M

-26.11M

-26.79M

Tax Rate

-2.16

-2.16

-2.16

-2.16

-2.16

-2.16

-2.16

-2.16

-2.16

-2.16

Ebiat

985.88k

-439.67M

88.98M

319.64M

132.26M

-24.03M

-24.65M

-25.29M

-25.95M

-26.62M

Depreciation

265.66M

317.53M

289M

273.89M

266.52M

288.27M

295.75M

303.43M

311.31M

319.39M

Receivables

579.77M

735.38M

1.13B

1.05B

815.59M

852.33M

874.45M

897.14M

920.43M

944.32M

Inventories

69.63M

158.47M

251.28M

142.61M

130.91M

151.78M

155.72M

159.76M

163.91M

168.16M

Payable

532.77M

679.99M

1.08B

927.66M

707.57M

778.3M

798.5M

819.22M

840.48M

862.3M

Cap Ex

-555.71M

-186.8M

-142.36M

-147.76M

-152.29M

-236.68M

-242.82M

-249.13M

-255.59M

-262.23M

Ufcf

-405.7M

-406.16M

151.36M

482.62M

268.83M

40.67M

22.42M

23M

23.6M

24.21M

Wacc

8.59

8.59

8.59

8.59

8.59

Pv Ufcf

37.46M

19.01M

17.96M

16.97M

16.03M

Sum Pv Ufcf

107.43M

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

8.59

Free Cash Flow T1

24.69M

Terminal Value

374.61M

Present Terminal Value

248.08M

Intrinsic Value

Enterprise Value

355.51M

Net Debt

2.91B

Equity Value

-2.56B

Diluted Shares Outstanding

132.15M

Equity Value Per Share

-19.36

Projected DCF

-19.36 1.157%

DCF Levered

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