NGL Energy Partners (NGL) Interest Coverage Ratio (2010 - 2026)
NGL Energy Partners (NGL) posted Interest Coverage Ratio of 3.26 for Q1 2026, down 289.72% on a QoQ basis from 1.72 in Q4 2025, and down 381.6% year-over-year from 1.16 in Q1 2025.
NGL Energy Partners (NGL) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
NGL Energy Partners (NGL) has reported Interest Coverage Ratio for 17 consecutive years, with 3.26 the latest figure, recorded in Q1 2026.
- Interest Coverage Ratio for Q1 2026 came in at 3.26, down 381.6% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.37 (down 68.71% YoY), and the FY2026 annual result was 0.37, down 68.71% from the prior year.
- Interest Coverage Ratio was 3.26 for Q1 2026 at NGL Energy Partners, down from 1.72 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 1.78 in Q4 2023 and troughed at 3.26 in Q1 2026.
- A 5-year average of 0.8 and a median of 1.21 in 2023 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio soared 225.52% — and 2026, when it plunged 381.6%.
- Year by year, Interest Coverage Ratio stood at 1.35 in 2022, then soared by 31.54% to 1.78 in 2023, then declined by 24.53% to 1.34 in 2024, then rose by 27.94% to 1.72 in 2025, then tumbled by 289.72% to 3.26 in 2026.
- Per Business Quant, the three latest NGL Interest Coverage Ratio figures stand at 3.26 (Q1 2026), 1.72 (Q4 2025), and 1.46 (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 2.64 |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | - |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 4.92 |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 3.15 |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | - |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 4.17 |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 3.25 |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 1.99 |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 2.59 |
| 10 | NGL Energy Partners | 2.02 Bn | 2.02 Bn | 217.25 Mn | -3.26 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.26 |
| Dec 31, 2025 | 1.72 |
| Sep 30, 2025 | 1.46 |
| Jun 30, 2025 | 1.49 |
| Mar 31, 2025 | 1.16 |
| Dec 31, 2024 | 1.34 |
| Sep 30, 2024 | 1.06 |
| Jun 30, 2024 | 1.18 |
| Mar 31, 2024 | -1.04 |
| Dec 31, 2023 | 1.78 |
| Sep 30, 2023 | 1.47 |
| Jun 30, 2023 | 1.21 |
| Mar 31, 2023 | -0.23 |
| Dec 31, 2022 | 1.35 |
| Sep 30, 2022 | 1.01 |
| Jun 30, 2022 | 1.30 |
| Mar 31, 2022 | 0.57 |
| Dec 31, 2021 | 0.72 |
| Sep 30, 2021 | 0.95 |
| Jun 30, 2021 | -1.03 |