NGL (NGL Energy Partners LP) Construction In Progress: $43 Mil (As of Mar. 2026)

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NGL NGL Energy Partners LP NGL
41 GF Score
Price $15.30
GF Value $4.39
Valuation Significantly Overvalued
! 6 Warning Signs
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What is NGL Energy Partners LP Construction In Progress?

NGL Energy Partners LP NGL -0.39% 41 Construction In Progress is $43 Mil as of Mar. 2026. GuruFocus rates NGL with a GF Score™ of 41/100 and a GF Value™ of $4.39 (Significantly Overvalued). The stock has 6 warning signs investors should review.

NGL Energy Partners LP's quarterly construction in progress declined from Sep. 2025 ($62 Mil) to Dec. 2025 ($43 Mil) but then increased from Dec. 2025 ($43 Mil) to Mar. 2026 ($43 Mil).

NGL Energy Partners LP's annual construction in progress declined from Mar. 2024 ($43 Mil) to Mar. 2025 ($30 Mil) but then increased from Mar. 2025 ($30 Mil) to Mar. 2026 ($43 Mil).

NGL Energy Partners LP Construction In Progress Historical Data

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The historical data trend for NGL Energy Partners LP's Construction In Progress 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.

NGL Energy Partners LP Construction In Progress Chart

NGL Energy Partners LP Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.69 33.67 43.01 30.35 42.56

NGL Energy Partners LP Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.35 29.27 62.31 42.51 42.56
NGL
41GF Score
NGL Energy Partners LP NGL
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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NGL Energy Partners LP Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $43 Mil mean?
NGL Energy Partners LP (NGL) has a Construction In Progress of $43 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on NGL Energy Partners LP and its competitors.
Is NGL Energy Partners LP's Construction In Progress too high?
NGL Energy Partners LP's current Construction In Progress is $43 Mil. Overall, NGL Energy Partners LP has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NGL Energy Partners LP's Construction In Progress compare to GEL and TNK?
NGL Energy Partners LP's Construction In Progress of $43 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Oil & Gas company?
A good Construction In Progress depends on the Oil & Gas industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on NGL Energy Partners LP and its competitors. NGL Energy Partners LP's current Construction In Progress is $43 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NGL Energy Partners LP stock overvalued right now?
Based on GuruFocus' analysis, NGL Energy Partners LP (NGL) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.39, compared to a current price of $15.30 — trading 248.5% above its estimated fair value. The current Construction In Progress is $43 Mil. NGL Energy Partners LP's overall GF Score™ is 41/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For NGL Energy Partners LP (NGL), the current Construction In Progress is $43 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NGL Energy Partners LP (NGL) Overvalued in 2026?

Based on GuruFocus' analysis, NGL Energy Partners LP stock appears to be overvalued. The current stock price of $15.30 is trading 248.5% above its estimated GF Value™ of $4.39. GuruFocus considers NGL Energy Partners LP to be Significantly Overvalued.

Key valuation signals for NGL:

  • Construction In Progress: $43 Mil
  • GF Value™: $4.39 vs. price of $15.30 (248.5% above fair value)
  • GF Score™: 41/100 with 6 warning signs

No single metric tells the full story. See the NGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NGL Energy Partners LP Business Description

Industry EnergyOil & Gas
Other Exchanges NGLpC.PFD:USANGLpB.PFD:USA
Address 6120 South Yale Avenue, Suite 1300, Tulsa, OK, USA, 74136
NGL Energy Partners LP is a USA-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 Logistics, owns pipeline injection stations, and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, as well as 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.
41GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$15.30
Price
$4.39
GF Value