NGL Energy Partners

OverviewSuggest Edit

NGL Energy Partners is a midstream energy partnership that transports, stores, markets, and provides other logistics services for crude oil, natural gas liquids, and refined petroleum products. It operates through four segments: Crude Oil Logistics, Water Solutions, Refined Products and Renewables, and Liquids. The 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, refineries, and other trade hubs, and provides storage, terminaling and transportation services through its owned assets. The Water Solutions segment transports, treats, recycles, and disposes of produced and flowback water generated from crude oil and natural gas production. The Liquids and Refined Products segment conducts marketing operations for natural gas liquids, refined petroleum products, and biodiesel to a range of commercial, retail, and industrial customers.

TypePublic
Founded2010
HQTulsa, OK, US
Websitenglenergypartners.com
Employee Ratings2.2
Overall CultureF

Latest Updates

Employees (est.) (Mar 2021)997(-28%)
Job Openings33
Revenue (FY, 2022)$7.9 B(+53%)
Share Price (Aug 2022)$1.6(+3%)
Cybersecurity ratingBMore
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Key People/Management at NGL Energy Partners

H. Michael Krimbill

H. Michael Krimbill

Chief Executive Officer, Director
Linda Bridges

Linda Bridges

Executive Vice President, Chief Financial Officer
Jennifer Kingham

Jennifer Kingham

Chief Information Officer, Senior Vice President
Kurston McMurray

Kurston McMurray

Executive Vice President, General Counsel, Corporate Secretary
Larry Thuillier

Larry Thuillier

Chief Accounting Officer
Brad Cooper

Brad Cooper

Senior Vice President, Administration and Risk
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NGL Energy Partners Office Locations

NGL Energy Partners has offices in Tulsa, Denver and Houston
Tulsa, OK, US (HQ)
6120 S Yale Ave UNIT 805
Denver, CO, US
865 Albion St #400
Houston, TX, US
2900 N Loop W #1250
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NGL Energy Partners Financials and Metrics

NGL Energy Partners Revenue

NGL Energy Partners's revenue was reported to be $7.95 b in FY, 2022
USD

Revenue (FY, 2022)

7.9b

Net income (FY, 2022)

(184.1m)

EBIT (FY, 2022)

83.0m

Market capitalization (1-Aug-2022)

211.2m

Closing stock price (1-Aug-2022)

1.6

Cash (31-Mar-2022)

3.8m
NGL Energy Partners's current market capitalization is $211.2 m.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021FY, 2022

Revenue

17.3b24.0b7.6b5.2b7.9b

Revenue growth, %

39%(68%)

Cost of goods sold

16.5b23.3b6.6b4.5b7.1b

Gross profit

746.7m732.0m979.6m733.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Revenue

5.8b6.7b6.4b6.6b4.3b2.2b844.4m1.2b1.5b1.5b136.2m130.7m

Cost of goods sold

5.7b6.5b6.1b6.5b4.1b1.9b677.0m964.9m1.3b1.3b6.4m5.0m

Gross profit

148.3m145.1m262.4m184.4m232.0m291.1m167.4m203.3m183.1m

Gross profit Margin, %

3%2%4%3%5%13%20%17%13%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021FY, 2022

Cash

26.2m18.6m22.7m4.8m3.8m

Accounts Receivable

1.1b1.2b566.8m725.9m1.1b

Prepaid Expenses

131.5m155.2m102.0m109.2m159.5m

Inventories

564.6m463.1m69.6m158.5m251.3m
USDFY, 2018

Revenue/Employee

6.6m

Debt/Equity

1.3 x

Debt/Assets

0.4 x

Financial Leverage

2.9 x
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NGL Energy Partners Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020

Leased Storage Space (Liquids and Refined Products, Canada), gallons

19.19 m

Pipeline Injection Stations (Crude Oil Logistics, New Mexico)

555

Propane Inventory (Liquids), gallons

48.93 m62.82 m117.21 m120.24 m44.76 m76.01 m104.05 m123.27 m

Throughput Facilities Capacity (Liquids and Refined Products Canada), gallons per day

200 k

NGL Energy Partners Acquisitions / Subsidiaries

Company NameDateDeal Size
Hillstone Environmental PartnersSeptember 26, 2019$600 m
Transmontaigne PartnersJune 09, 2014$200 m
GavilonNovember 06, 2013$890 m
Accelerated Water Resources, LLC
AntiCline Disposal, LLC
AWR Disposal, LLC
B&D Water, LLC
Centennial Energy, LLC
Centennial Gas Liquids ULC
Choya Operating, LLC
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NGL Energy Partners Revenue Breakdown

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NGL Energy Partners revenue breakdown by business segment: 33.6% from Crude Oil Logistics, 5.6% from Water Solutions, 60.8% from Liquids and Refined Products and 0.0% from Other

NGL Energy Partners Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

NGL Energy Partners Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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NGL Energy Partners Online and Social Media Presence

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NGL Energy Partners Company Culture

  • Overall Culture

    F

    35/100

  • CEO Rating

    F

    10/100

  • Compensation

    D

    55/100

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NGL Energy Partners News and Updates

NGL Energy Partners to buy water pipeline, disposal company Hillstone for $600 million

NGL Energy Partners L.P. announced Thursday a deal to buy Hillstone Environmental Partners LLC for about $600 million from Golden Gate Capital. Hillstone provides water pipeline and disposal services to producers in parts of New Mexico and Texas. The deal is expected to close this year. NGL said it…

NGL Energy Partners actively looking to expand Delaware basin water business -CEO

U.S. pipeline operator NGL Energy Partners LP is looking to expand its position in its growing water solutions business in the Delaware Basin, and sees one or two attractive assets remaining in the largest U.S. oil field, Chief Executive Mike Krimbill said on Wednesday.

Intrepid and NGL Energy Partners Agree to Joint Marketing Agreement for the Sale of Water in Southeast New Mexico

DENVER, CO, July 30, 2019 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE:IPI) (“Intrepid”) today announced it entered into a five-year joint marketing agreement with NGL Energy Partners, LP (“NGL”) under which Intrepid will be responsible for the development, transportation, marketing, and sale o…

Permian Basin Water In Energy Conference, Year Three Presenting Sponsor Confirmed As NGL Water Solutions, LLC, An NGL Energy Partners LP Company

MIDLAND, Texas, May 16, 2019 /PRNewswire/ -- The third annual Permian Basin Water In Energy Conference (PBWIEC.com) will run from February 18, 2020 through February 21, 2020 and is thrilled to confirm its Presenting Sponsor as NGL Water Solutions, LLC, an NGL Energy Partners LP company....

NGL Energy Partners LP Announces Combination with Mesquite

TULSA, Okla., May 14, 2019 /PRNewswire/ -- NGL Energy Partners LP (NYSE: NGL) ("NGL") announced it has executed a definitive agreement to combine all of the assets of Mesquite Disposals Unlimited, LLC ("Mesquite") with NGL's Water Solutions business for approximately $890 million on a...

WaterBridge Resources LLC Announces $800 million Debt Facilities to Fund Water Infrastructure Acquisitions from Halcón Resources Corporation and NGL Energy Partners LP and to Support Ongoing Organic Growth

HOUSTON, Dec. 21, 2018 /PRNewswire/ -- WaterBridge Resources LLC (together with its subsidiaries, "WaterBridge") announced today that its subsidiary WaterBridge Operating LLC has entered into $800 million of debt facilities led by SunTrust Robinson Humphrey, Inc. with a syndicate of...
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NGL Energy Partners Frequently Asked Questions

  • When was NGL Energy Partners founded?

    NGL Energy Partners was founded in 2010.

  • Who are NGL Energy Partners key executives?

    NGL Energy Partners's key executives are H. Michael Krimbill, Linda Bridges and Jennifer Kingham.

  • How many employees does NGL Energy Partners have?

    NGL Energy Partners has 997 employees.

  • What is NGL Energy Partners revenue?

    Latest NGL Energy Partners annual revenue is $7.9 b.

  • What is NGL Energy Partners revenue per employee?

    Latest NGL Energy Partners revenue per employee is $8 m.

  • Who are NGL Energy Partners competitors?

    Competitors of NGL Energy Partners include Colonial Pipeline, Enterprise Products Partners and AmeriGas.

  • Where is NGL Energy Partners headquarters?

    NGL Energy Partners headquarters is located at 6120 S Yale Ave UNIT 805, Tulsa.

  • Where are NGL Energy Partners offices?

    NGL Energy Partners has offices in Tulsa, Denver and Houston.

  • How many offices does NGL Energy Partners have?

    NGL Energy Partners has 3 offices.