Fast path: latest quarter results by ticker or company name

NGL Energy Partners LP

NGL-PB

$25.37 -0.28% Quote May 22, 4:26 PM

Exchange NYSE Sector Energy Industry Oil Gas Midstream

Q4 2024

Reported

Published: Jun 6, 2024

Data: Financial Modeling Prep

Company Status Snapshot

Fast view of the latest quarter outcome for NGL-PB

Report Date

Jun 6, 2024

Quarter Q4 2024

Revenue

1.63B

YoY: -20.5%

EPS

-1.79

YoY: N/A

Market Move

-0.28%

Previous quarter: N/A

Follow this company to get upcoming quarter alerts automatically.

Earnings Highlights

Gross Margin

9.8%

Net Income

-236.77M

YoY: -606.4%

Not available due to missing earnings transcript data.

— N/A

NGL-PB

Company NGL-PB

Period Q4 2024

Currency USD

Report Type Quarterly Earnings

Generated May 22, 2026

Swipe to view all report sections

Executive Summary

NGL Energy Partners LP reported QQ4 2024 results with a revenue baseline of $1.63 billion and a gross margin near 9.84%, but net income remained negative at $236.8 million and the company posted an EPS of -$1.79. Year-over-year and quarter-over-quarter declines in revenue, gross profit, and operating profitability indicate continued margin pressure in a challenging macro environment for energy midstream. EBITDA remained negative at $-73.9 million, highlighting elevated interest costs and depreciation as meaningful headwinds to near-term profitability.

Key Performance Indicators

Revenue

Decreasing

1.63B

QoQ: -12.85% | YoY: -20.46%

Gross Profit

Decreasing

160.29M

9.84% margin

QoQ: -13.14% | YoY: -23.23%

Operating Income

Decreasing

-82.27M

QoQ: -180.82% | YoY: -370.08%

Net Income

Decreasing

-236.77M

QoQ: -618.29% | YoY: -606.36%

EPS

Stable

-1.79

QoQ: -611.43% | YoY: N/A

Revenue Trend

Margin Analysis

Financial Highlights

Summary of key financial metrics for QQ4 2024 (USD):
- Revenue: $1,629,594,000; YoY change: -20.46%; QoQ change: -12.85%
- Gross Profit: $160,288,000; Gross margin: 9.84%; YoY: -23.23%; QoQ: -13.14%
- Operating Income: $-82,267,000; Operating margin: -5.05%; YoY: -370.08%; QoQ: -180.82%
- EBITDA: $-73,931,000; EBITDA margin: -4.54%
- Net Income: $-236,766,000; Net margin: -14.53%; YoY: -606.36%; QoQ: -618.29%
- Earnings per Share (EPS): $-1.79; Diluted EPS: $-1.79; QoQ EPS change: -611.43%
- Operating Cash Flow: $152,223,000
- Free Cash Flow: $119,824,000
- Net cash from / (used in) operating activities: $152,223,000
- Capital Expenditures: $(32,399,000)
- Dividends Paid: $(178,299,000)
- Net cash used in financing activities: $(79,617,000)
- Cash at end of period: $38,909,000; Cash at beginning: $738,000
- Total Debt: $2,952,485,000; Net Debt: $2,913,576,000
- Current ratio: 1.206; Quick ratio: 1.072; Cash ratio: 0.0398
- Gross Margin: 9.84%; Operating Margin: -5.05%; Pretax Margin: -14.42%; Net Margin: -14.53%

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	1.63B	-20.46%	-12.85%
Gross Profit	160.29M	-23.23%	-13.14%
Operating Income	-82.27M	-370.08%	-180.82%
Net Income	-236.77M	-606.36%	-618.29%
EPS	-1.79	N/A	-611.43%

Key Financial Ratios

Gross Profit Margin

Weak

9.84%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

-0.05%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.15%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.05%

Return on assets suggests inefficient capital allocation

Return on Equity

Strong

474.48%

Return on equity demonstrates excellent capital efficiency and value creation

Current Ratio

Adequate

1.21

Current ratio meets minimum requirements but limited cushion

Debt to Equity

Conservative

-5,916.80

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

Negative

-4.11x

Negative earnings make P/E ratio not meaningful

Price to Book

Undervalued

-7,804.71x

Trading below book value, potential value opportunity or distressed

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2026	622.16	0.04	-61.8%	View
Q3 2025	1,549.07	-0.12	-17.2%	View
Q2 2025	1,352.68	-0.21	-26.5%	View
Q1 2025	1,387.26	-0.14	-14.2%	View
Q4 2024	1,629.59	-1.79	-20.5%	View

Source & Methodology

Data provider: Financial Modeling Prep (FMP). Figures are pulled directly from filed company reports.
Year-over-year (YoY): Each line is compared to the same fiscal quarter one year prior; figures sourced from the company's own filings.
Quote freshness: The price shown above the report is a live quote, separate from the as-filed report numbers. Live quotes can lag a few minutes.
Time zone: Report dates and timestamps follow the company's filing time zone unless otherwise noted.

NGL-PB

NGL Energy Partners LP

Q1 2026 Report

NGL Energy Partners LP (NGL-PB) QQ1 2026 Results – EBITDA Growth Amid Margin Strength Across Water Solutions and Liquids Logistics...

Read full report

NGL-PB

NGL Energy Partners LP

Q3 2025 Report

NGL Energy Partners LP (NGL-PB) QQ3 2025 Earnings Analysis: Moderate Margin Expansion Amid Elevated Leverage in Oil & Gas Midstream...

Read full report

NGL-PB

NGL Energy Partners LP

Q2 2025 Report

NGL Energy Partners LP (NGL-PB) QQ2 2025 Earnings Review: Modest EBITDA Amid Revenue Decline and Elevated Leverage in Oil & Gas Midstream...

Read full report

NGL-PB

NGL Energy Partners LP

Q1 2025 Report

NGL Energy Partners LP (NGL-PB) QQ1 2025 Earnings Review: Revenue Decline Amid Moderate Margin Resilience and Elevated Leverage...

Read full report

NGL Energy Partners LP (NGL-PB) Q4 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

More NGL-PB Quarterly Reports

NGL-PB

NGL-PB

NGL-PB

NGL-PB

Q4 2024 Reports in Energy Sector

NGL

NGL-PC

Related Financial Data

Sector Analysis: Energy

NGL-PB Full Profile

NGL-PB Financial Statements

Earnings Calendar