NGL Energy Partners (NGL) Interest Coverage Ratio (2010 - 2026)
NGL Energy Partners' (NGL) quarterly Interest Coverage Ratio came in at 2.17 in Q2 2026, up 45.74% on a YoY basis from 1.49 in Q2 2025, and up 166.49% quarter-over-quarter from 3.26 in Q1 2026.
Analysis
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 2.17 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Interest Coverage Ratio rose 45.74% year-over-year to 2.17; the trailing twelve-month figure through Jun 2026 stood at 0.55 (down 55.94% YoY), and the FY2026 full-year result was 0.37, down 68.71% from the prior year.
- Interest Coverage Ratio improved to 2.17 in Q2 2026 per NGL's latest filing, from 3.26 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 2.17 in Q2 2026 and bottomed at 3.26 in Q1 2026.
- Historically, Interest Coverage Ratio has averaged 0.87 across 5 years, with a median of 1.25 in 2022.
- The sharpest annual moves came in 2022 and 2026: Interest Coverage Ratio soared 225.52% in 2022, then slumped 381.6% in 2026.
- Over 5 years, 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 advanced by 26.14% to 2.17 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 2.17, 3.26, and 1.72 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | - |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 5.86 |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 3.83 |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 2.69 |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | - |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 4.77 |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 3.67 |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 2.09 |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 5.23 |
| 10 | NGL Energy Partners | 2.22 Bn | 2.21 Bn | 305.58 Mn | 2.17 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.17 |
| 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 |