NGL Energy Partners LP (NGL) - Net Assets
Based on the latest financial reports, NGL Energy Partners LP (NGL) has net assets worth $589.34 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.38 Billion) and total liabilities ($3.79 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NGL Energy Partners LP tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $589.34 Million |
| % of Total Assets | 13.45% |
| Annual Growth Rate | 19.07% |
| 5-Year Change | -53.49% |
| 10-Year Change | -58.83% |
| Growth Volatility | 185.05 |
NGL Energy Partners LP - Net Assets Trend (2009–2025)
This chart illustrates how NGL Energy Partners LP's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of NGL Energy Partners LP to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for NGL Energy Partners LP (2009–2025)
The table below shows the annual net assets of NGL Energy Partners LP from 2009 to 2025. For live valuation and market cap data, see market cap of NGL Energy Partners LP.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $697.37 Million | -30.20% |
| 2024-03-31 | $999.17 Million | -24.22% |
| 2023-03-31 | $1.32 Billion | +4.19% |
| 2022-03-31 | $1.27 Billion | -15.59% |
| 2021-03-31 | $1.50 Billion | -34.04% |
| 2020-03-31 | $2.27 Billion | -6.37% |
| 2019-03-31 | $2.43 Billion | +11.94% |
| 2018-03-31 | $2.17 Billion | -2.78% |
| 2017-03-31 | $2.23 Billion | +31.68% |
| 2016-03-31 | $1.69 Billion | -36.63% |
| 2015-03-31 | $2.67 Billion | +74.50% |
| 2014-03-31 | $1.53 Billion | +72.23% |
| 2013-03-31 | $889.42 Million | +119.43% |
| 2012-03-31 | $405.33 Million | +755.97% |
| 2011-03-31 | $47.35 Million | +2.05% |
| 2010-03-31 | $46.40 Million | +8.70% |
| 2009-03-31 | $42.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NGL Energy Partners LP's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | $9.00K | 0.00% |
| Other Components | $846.97 Million | 125.16% |
| Total Equity | $676.70 Million | 100.00% |
NGL Energy Partners LP Competitors by Market Cap
The table below lists competitors of NGL Energy Partners LP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EVT Ltd
AU:EVT
|
$1.49 Billion |
|
Sanyang Motor Co Ltd
TW:2206
|
$1.49 Billion |
|
Shanghai Weaver Network Co Ltd
SHG:603039
|
$1.49 Billion |
|
Zhejiang Fulai New Material Co.Ltd.
SHG:605488
|
$1.49 Billion |
|
Cosmo Pharmaceuticals N.V
F:C43
|
$1.49 Billion |
|
Kinco Automation (Shanghai) Co. Ltd. A
SHG:688160
|
$1.49 Billion |
|
Anhui Xinhua Media Co Ltd
SHG:601801
|
$1.49 Billion |
|
Lindblad Expeditions Holdings Inc
NASDAQ:LIND
|
$1.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NGL Energy Partners LP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,033,763,999 to 676,701,000, a change of -357,062,999 (-34.5%).
- Net income of 39,368,000 contributed positively to equity growth.
- Dividend payments of 305,291,000 reduced retained earnings.
- Share repurchases of 2,126,000 reduced equity.
- Other comprehensive income increased equity by 508,000.
- Other factors decreased equity by 89,521,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $39.37 Million | +5.82% |
| Dividends Paid | $305.29 Million | -45.11% |
| Share Repurchases | $2.13 Million | -0.31% |
| Other Comprehensive Income | $508.00K | +0.08% |
| Other Changes | $-89.52 Million | -13.23% |
| Total Change | $- | -34.54% |
Book Value vs Market Value Analysis
This analysis compares NGL Energy Partners LP's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.12x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4.11x to 3.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-03-31 | $3.89 | $15.99 | x |
| 2010-03-31 | $4.22 | $15.99 | x |
| 2011-03-31 | $0.00 | $15.99 | x |
| 2012-03-31 | $26.72 | $15.99 | x |
| 2013-03-31 | $21.51 | $15.99 | x |
| 2014-03-31 | $24.72 | $15.99 | x |
| 2015-03-31 | $30.95 | $15.99 | x |
| 2016-03-31 | $16.16 | $15.99 | x |
| 2017-03-31 | $19.37 | $15.99 | x |
| 2018-03-31 | $-0.02 | $15.99 | x |
| 2019-03-31 | $0.00 | $15.99 | x |
| 2020-03-31 | $17.67 | $15.99 | x |
| 2021-03-31 | $11.49 | $15.99 | x |
| 2022-03-31 | $10.02 | $15.99 | x |
| 2023-03-31 | $10.34 | $15.99 | x |
| 2024-03-31 | $7.82 | $15.99 | x |
| 2025-03-31 | $5.13 | $15.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NGL Energy Partners LP utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.82%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.13%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 6.81x
- Recent ROE (5.82%) is below the historical average (379.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 11.64% | 0.67% | 7.11x | 2.43x | $696.60K |
| 2010 | 17.42% | 0.99% | 7.26x | 2.42x | $3.43 Million |
| 2011 | 6492.86% | 0.49% | 4.49x | 2925.59x | $3.63 Million |
| 2012 | 1.94% | 0.60% | 1.75x | 1.85x | $-32.66 Million |
| 2013 | 5.39% | 1.09% | 1.93x | 2.58x | $-41.00 Million |
| 2014 | 3.11% | 0.49% | 2.33x | 2.72x | $-105.53 Million |
| 2015 | 0.62% | 0.10% | 2.57x | 2.45x | $-250.65 Million |
| 2016 | -11.92% | -1.72% | 2.11x | 3.28x | $-371.36 Million |
| 2017 | 6.32% | 1.05% | 2.06x | 2.92x | $-79.64 Million |
| 2018 | 0.00% | -0.42% | 2.75x | 0.00x | $-70.69 Million |
| 2019 | 0.00% | 4.14% | 1.47x | 0.00x | $360.07 Million |
| 2020 | -17.63% | -5.23% | 1.17x | 2.89x | $-622.15 Million |
| 2021 | -43.17% | -12.24% | 0.88x | 4.01x | $-788.02 Million |
| 2022 | -14.21% | -2.32% | 1.31x | 4.67x | $-314.82 Million |
| 2023 | 3.79% | 0.90% | 1.04x | 4.03x | $-84.07 Million |
| 2024 | -13.91% | -3.46% | 0.83x | 4.86x | $-247.13 Million |
| 2025 | 5.82% | 1.13% | 0.75x | 6.81x | $-28.30 Million |
Industry Comparison
This section compares NGL Energy Partners LP's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $1,046,787,052
- Average return on equity (ROE) among peers: 31.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NGL Energy Partners LP (NGL) | $589.34 Million | 11.64% | 6.44x | $1.49 Billion |
| Antero Midstream Partners LP (AM) | $15.61 Million | 46.54% | 0.91x | $10.12 Billion |
| CBL International Limited Ordinary Shares (BANL) | $4.86 Million | 59.23% | 3.85x | $11.23 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $437.70 Million | 14.80% | 0.00x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $128.62 Million | 7.50% | 2.36x | $284.93 Million |
| BW LPG Limited (BWLP) | $1.93 Billion | 12.95% | 0.64x | $2.75 Billion |
| Cheniere Energy Partners LP (CQP) | $715.00 Million | 164.34% | 26.11x | $28.10 Billion |
| Cheniere Energy Partners LP (CQP) | $1.64 Billion | -14.63% | 4.19x | $25.77 Billion |
| DHT Holdings Inc (DHT) | $1.13 Billion | 18.63% | 0.41x | $2.56 Billion |
| Dynagas LNG Partners LP (DLNG) | $313.71 Million | 1.15% | 2.15x | $128.43 Million |
| DT Midstream Inc (DTM) | $4.15 Billion | 8.91% | 1.13x | $12.24 Billion |
About NGL Energy Partners LP
NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products/renewables, and water solutions in the United States. It operates through three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated … Read more