NGL Energy Partners LP

NGLNYSEEnergy● Active

$15.88

+$0.66(+4.34%)

Market Cap$2.0B

P/E Ratio—

52W High$18.8

52W Low$3.95

Avg Volume278K

Open$15.46

Beta0.58

Free Cash Flow Financials Revenue

NGL Energy Partners LP (NGL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

NGL · free cash flow · updated Jun 9, 2026

Core FCF metrics

NGL · FCF · TTM · margin & CAGR

Free cash flow was $144.7M for FY2026 (fiscal year ending 2026-03-31), up 180.1% year-over-year The FCF margin was 4.6%. Five-year CAGR stands at +4.3%.

FY2026 Free Cash Flow$144.7M▲ +180.1% YoY

Trailing 12M (TTM)$252.4Mtrailing 4 quarters sum

FCF Margin4.6%$144.7M ÷ revenue

3-Year CAGR-21.4%FY2023 → FY2026

5-Year CAGR+4.3%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

NGL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$366.0M(221M)$144.7M▲ +180.1%4.6%

FY2025$297.5M(246M)$51.6M▲ +0.0%1.5%

FY2024$297.5M(246M)$51.6M▼ 82.6%1.2%

FY2023$445.2M(148M)$297.4M▲ +368.5%5.2%

FY2022$205.8M(142M)$63.5M▼ 45.8%0.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

NGL · P/FCF · FCF yield · FCF per share

NGL Energy Partners LP (NGL) trades at a FCF yield of 12.73% and a price-to-free-cash-flow ratio of 8.0x. FCF per share stands at $1.99, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

12.73%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.99

TTM FCF ÷ Shares Outstanding

Price / FCF

x8.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x21.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-03-31

Cash flow statement summary

NGL · cash flow statement · operating / investing / financing

For FY2026, NGL Energy Partners LP generated $366.0M in operating cash flow and spent 221M in capital expenditures, yielding $144.7M in free cash flow.

Operating Activities

+$366.0M

Cash from core business operations

2026-03-31

Investing Activities

−$12.9M

CapEx, acquisitions & investments

2026-03-31

Financing Activities

−$350.2M

Buybacks, dividends & debt

2026-03-31

FCF FormulaOperating CF ($366.0M) − |CapEx| (221M) = FCF ($144.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

NGL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

NGL Energy Partners LPYOU

NGL

$144.7M+180.1%4.6%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

NGL Energy Partners LP (NGL) reported free cash flow of $144.7M for FY2026 (fiscal year ending 2026-03-31), up 180.1% year-over-year. The FCF margin was 4.6%.

Based on available data, NGL Energy Partners LP has maintained positive free cash flow for at least 10 fiscal year(s). FCF peaked at $297.4M in FY2023. The 5-year CAGR stands at +4.3%.

NGL Energy Partners LP's FCF yield is 12.73% and price-to-FCF ratio is 8.0x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

NGL free cash flow · 8 questions

NGL Energy Partners LP free cash flow was $144.7M for FY2026, up 180.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $252.4M.

NGL free cash flowNGL FCFNGL FCF 2026NGL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · NGL Energy Partners LP · NGL Energy Partners LP SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026