NGL Energy Partners (NGL-PB) Debt to Equity (2011 - 2026)
NGL Energy Partners (NGL-PB) reported Debt to Equity of -$10.91 for Q1 2026, down 153.55% on a YoY basis from $20.37 in Q1 2025, and down 144.43% quarter-over-quarter from $24.55 in Q4 2025.
NGL Energy Partners (NGL-PB) Debt to Equity (2011 - 2026) Analysis & Trends
NGL Energy Partners has reported Debt to Equity for 16 years, with the latest figure at -$10.91 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity fell 153.55% year-over-year to -$10.91; the trailing twelve-month figure through Mar 2026 stood at -$10.91 (down 153.55% YoY), and the FY2026 full-year result was -$10.91, down 153.55% from the prior year.
- Debt to Equity for Q1 2026 stood at -$10.91, down from $24.55 in the prior quarter.
- The five-year high for Debt to Equity was $24.55 in Q4 2025, with the low at -$10.91 in Q1 2026.
- Historically, Debt to Equity has averaged $9.74 across 5 years, with a median of $4.69 in 2022.
- Annual changes were most pronounced in 2024 — Debt to Equity jumped 509.1% — and 2026, when it slumped 153.55%.
- NGL Energy Partners' Debt to Equity stood at $3.65 in 2022, then slipped by 14.58% to $3.12 in 2023, then jumped by 509.1% to $18.99 in 2024, then increased by 29.26% to $24.55 in 2025, then sank by 144.43% to -$10.91 in 2026.
- The last three Debt to Equity figures came in at -$10.91 (Q1 2026), $24.55 (Q4 2025), and $23.52 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 1.66 |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 1.12 |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 1.02 |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 2.01 |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.79 |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 5.85 |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 1.43 |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 1.71 |
| 10 | NGL Energy Partners | - | - | 217.25 Mn | -10.91 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -10.91 |
| Dec 31, 2025 | 24.55 |
| Sep 30, 2025 | 23.52 |
| Jun 30, 2025 | 20.21 |
| Mar 31, 2025 | 20.37 |
| Dec 31, 2024 | 18.99 |
| Sep 30, 2024 | 16.89 |
| Jun 30, 2024 | 14.14 |
| Mar 31, 2024 | 6.36 |
| Dec 31, 2023 | 3.12 |
| Sep 30, 2023 | 3.41 |
| Jun 30, 2023 | 3.56 |
| Mar 31, 2023 | 3.72 |
| Dec 31, 2022 | 3.65 |
| Sep 30, 2022 | 4.66 |
| Jun 30, 2022 | 4.59 |
| Mar 31, 2022 | 4.69 |
| Dec 31, 2021 | 4.59 |
| Sep 30, 2021 | 4.49 |
| Jun 30, 2021 | 4.42 |