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NGL Energy Partners LPNGL -2.90%52 Debt-to-Equity is 63.12 as of Jun. 2026, which is 2586% above its 10-year median of 2.35. GuruFocus rates NGL with a GF Score™ of 52/100 and a GF Value™ of $5.57 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 810 Oil & Gas companies, NGL Energy Partners LP ranks worse than 100% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for NGL Energy Partners LP's Debt-to-Equity or its related term are showing as below:
NGL'
s Debt-to-Equity Range Over the Past 10 Years
Min: -122.22 Med: 2.35 Max: 103.75
Current: 103.75
During the past 13 years, the highest Debt-to-Equity Ratio of NGL Energy Partners LP was 103.75. The lowest was -122.22. And the median was 2.35.
NGL's Debt-to-Equity is ranked worse than 100% of 810
companies
in the Oil & Gas industry
Industry Median: 0.44
vs NGL: 103.75
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
NGL Energy Partners LP Debt-to-Equity Related Terms
NGL Energy Partners LP Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for NGL Energy Partners LP's Debt-to-Equity 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.
For the Oil & Gas Midstream subindustry, NGL Energy Partners LP's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NGL Energy Partners LP Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NGL Energy Partners LP's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where NGL Energy Partners LP's Debt-to-Equity falls into.
* 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 (NGL) has a Debt-to-Equity of 63.12 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on NGL Energy Partners LP and its competitors. This is 2586% above median its historical median of 2.35. According to the industry distribution chart, NGL Energy Partners LP ranks #810 out of 810 companies in the Oil & Gas industry.
Is NGL Energy Partners LP's Debt-to-Equity too high?
NGL Energy Partners LP's current Debt-to-Equity of 63.12 is 2586% above median its 10-year median of 2.35. The Oil & Gas industry median Debt-to-Equity is 0.44. NGL Energy Partners LP's value of 63.12 is 14245.5% above this industry median. Based on the distribution chart, NGL Energy Partners LP ranks #810 out of 810 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, NGL Energy Partners LP has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NGL Energy Partners LP's Debt-to-Equity compare to LPG and GEL?
According to the Oil & Gas industry distribution chart, NGL Energy Partners LP ranks #810 out of 810 companies for Debt-to-Equity. This places NGL Energy Partners LP in the lower half of its industry. The industry median Debt-to-Equity is 0.44. NGL Energy Partners LP's value of 63.12 is 14245.5% above this benchmark. While the company's 10-year median is 2.35 vs. the industry median of 0.44, NGL Energy Partners LP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.44, based on 810 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NGL Energy Partners LP's current Debt-to-Equity of 63.12 is 14245.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on NGL Energy Partners LP and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NGL Energy Partners LP's current Debt-to-Equity is 63.12, which is 2586% above median its own 10-year median of 2.35. 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 $5.57, compared to a current price of $16.05 — trading 188.2% above its estimated fair value. The current Debt-to-Equity is 63.12, which is 2586% above median its 10-year median of 2.35 and 14245.5% above the Oil & Gas industry median of 0.44. NGL Energy Partners LP's overall GF Score™ is 52/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For NGL Energy Partners LP (NGL), the current Debt-to-Equity is 63.12 as of Jun. 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 $16.05 is trading 188.2% above its estimated GF Value™ of $5.57.
GuruFocus considers NGL Energy Partners LP to be Significantly Overvalued.
Key valuation signals for NGL:
Debt-to-Equity: 63.12 (2586% above median its 10-year median of 2.35)
GF Value™: $5.57 vs. price of $16.05 (188.2% above fair value)
Industry Position: 14245.5% above the Oil & Gas median (#810 of 810)
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 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.
52GF Score
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