Ngl Energy Partners LP (NGL) intrinsic value & 10-year financials
Ngl Energy Partners LP (NGL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 14.6% a year to $3.2B.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $15.20
- Revenue (FY2026)
- $3.2B
- Revenue growth (10-yr CAGR)
- -14.6%
- Free cash flow (FY2026)
- $144.7M
NGL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $3.2B | -$142.3M | — | $144.7M | 3.0% | — |
| FY2025 | $3.5B | $39.4M | — | $51.6M | 9.5% | — |
| FY2024 | $7.0B | -$143.8M | — | $223.9M | 2.6% | — |
| FY2023 | $8.7B | $51.4M | — | $297.4M | 3.3% | — |
| FY2022 | $7.9B | -$184.8M | — | $63.5M | 1.0% | — |
| FY2021 | $5.2B | -$639.8M | — | $117.2M | -7.5% | — |
| FY2020 | $7.6B | -$397.0M | — | -$91.7M | -0.0% | — |
| FY2019 | $8.7B | $360.0M | — | -$118.4M | 1.6% | — |
| FY2018 | $7.0B | -$70.9M | — | -$18.2M | 2.0% | — |
| FY2017 | $13.0B | $137.0M | — | -$388.9M | 2.0% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
NGL Energy Partners LP is facing top-line stagnation, with revenue contracting over the decade.
NGL Energy Partners LP 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.
NGL Energy Partners LP has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, NGL Energy Partners LP is modeled at -14.6% normalized earnings growth with a 5.1% bond-yield adjustment.