NGL Energy Partners LP (NGL) — Tangible Net Worth Ratio
NGL Energy Partners LP (NGL) has a Tangible Net Worth Ratio of -39.1% as of December 2025. This metric is calculated by deducting intangible assets ($820.00 Million) from net assets ($589.34 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See NGL net asset value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
NGL Energy Partners LP Tangible Net Worth Ratio (2009–2025)
This chart shows how NGL Energy Partners LP's Tangible Net Worth Ratio has changed across 17 annual periods from 2009 to 2025. As of December 2025, the ratio stands at -39.1%, reflecting net assets of $589.34 Million with intangible assets of $820.00 Million USD. Also explore NGL net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for NGL Energy Partners LP (2009–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for NGL Energy Partners LP from 2009 to 2025, covering 17 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see NGL Energy Partners LP market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -19.6% | $697.37 Million | $834.25 Million | $4.61 Billion | ▼ -28.1 pp |
| 2024 | 8.4% | $999.17 Million | $914.85 Million | $5.02 Billion | ▼ -12.5 pp |
| 2023 | 20.9% | $1.32 Billion | $1.04 Billion | $5.46 Billion | ▲ +9.3 pp |
| 2022 | 11.6% | $1.27 Billion | $1.12 Billion | $6.07 Billion | ▼ -4.8 pp |
| 2021 | 16.4% | $1.50 Billion | $1.25 Billion | $5.95 Billion | ▼ -13.1 pp |
| 2020 | 29.5% | $2.27 Billion | $1.60 Billion | $6.50 Billion | ▼ -37.6 pp |
| 2019 | 67.0% | $2.43 Billion | $800.89 Million | $5.90 Billion | ▲ +9.1 pp |
| 2018 | 57.9% | $2.17 Billion | $913.15 Million | $6.15 Billion | ▲ +10.1 pp |
| 2017 | 47.8% | $2.23 Billion | $1.16 Billion | $6.32 Billion | ▲ +15.6 pp |
| 2016 | 32.2% | $1.69 Billion | $1.15 Billion | $5.56 Billion | ▼ -19.6 pp |
| 2015 | 51.8% | $2.67 Billion | $1.29 Billion | $6.55 Billion | ▼ -1.5 pp |
| 2014 | 53.3% | $1.53 Billion | $714.96 Million | $4.17 Billion | ▲ +3.1 pp |
| 2013 | 50.2% | $889.42 Million | $442.60 Million | $2.29 Billion | ▼ -14.3 pp |
| 2012 | 64.6% | $405.33 Million | $143.56 Million | $749.14 Million | ▼ -9.3 pp |
| 2011 | 73.9% | $47.35 Million | $12.35 Million | $163.83 Million | ▼ -14.0 pp |
| 2010 | 87.9% | $46.40 Million | $5.63 Million | $111.58 Million | ▲ +3.7 pp |
| 2009 | 84.1% | $42.69 Million | $6.77 Million | $103.43 Million | — |