NGL Energy Partners LP (NGL Energy Partners LP) Cash, Cash Equivalents, Marketable Securities

: $1 Mil (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

NGL Energy Partners LP's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($7.79 Mil) to Sep. 2023 ($2.68 Mil) but then stayed the same from Sep. 2023 ($2.68 Mil) to Dec. 2023 ($0.74 Mil).

NGL Energy Partners LP's annual cash, cash equivalents, marketable securities declined from Mar. 2021 ($4.83 Mil) to Mar. 2022 ($3.82 Mil) but then increased from Mar. 2022 ($3.82 Mil) to Mar. 2023 ($5.43 Mil).

NGL Energy Partners LP Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for NGL Energy Partners LP's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NGL Energy Partners LP Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

18.57

22.70

4.83

3.82

5.43

NGL Energy Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities																4.53	5.43	7.79	2.68	0.74

NGL Energy Partners LP Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

NGL Energy Partners LP (NYSE:NGL) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

NGL Energy Partners LP Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of NGL Energy Partners LP's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

NGL Energy Partners LP (NGL Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NGL Energy Partners LP (NYSE:NGL) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

BROG TK TNP EE OSG GPP SMLP PBT BPT MMLP TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP CQP

Traded in Other Exchanges

NGLpC.PFD:USA NGLpB.PFD:USA

Address

6120 South Yale Avenue, Suite 805, Tulsa, OK, USA, 74136

Website

https://www.nglenergypartners.com

NGL Energy Partners LP is a us-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, and Liquids Logistics. It operates crude oil storage terminals, and owns pipeline injection stations and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, and for the disposal of solids, such as tank bottoms and drilling fluids. The firm also supplies natural gas liquids to retailers, wholesalers, refiners and petrochemical plants and sells propane and distillates.

Executives

Bradley P Cooper	officer: CFO & EVP	6120 S YALE AVE SUITE 805, TULSA OK 74136
H Michael Krimbill	director, officer: CEO	8801 S YALE STE 310, TULSA OK 74137
Derek S Reiners	director	100 W. 5TH ST., TULSA OK 74103
James M Collingsworth	director	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
John Ciolek	officer: Exec. Vice President	6120 S. YALE AVE., SUITE 805, TULSA OK 74136
Kurston Patrick Mcmurray	officer: GC, SVP and Secretary	6120 S. YALE AVE., SUITE 805, TULSA OK 74136
Linda J Bridges	officer: CFO & EVP	6120 S. YALE AVE., SUITE 805, TULSA OK 74136
Eig Neptune Equity Aggregator, L.p.	10 percent owner	600 NEW HAMPSHIRE AVE NW, SUITE 1200, WASHINGTON DC 20037
Karlovich Robert W Iii	officer: CFO, Exec. VP and Treasurer	ATLAS PIPELINE PARTNERS, GP, 110 W. 7TH, SUITE 2300, TULSA OK 74119
Brian P. Boland	director	1700 PENNSYLVANIA AVE NW, SUITE 800, WASHINGTON DC 20006
John T Raymond	10 percent owner	THE ENERGY & MINERALS GROUP, 811 MAIN STREET, SUITE 4200, HOUSTON TX 77002
Highstar Capital Ngl Co-invest Manager Llc	10 percent owner	1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019
Highstar Ngl Main Interco Llc	10 percent owner	1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019
Highstar Capital Gp Iv Holdings	10 percent owner	1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019
Ngl Civ A, Llc	10 percent owner	1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019