NGL Energy Partners LP (NGL Energy Partners LP) Interest Expense : $-222.67 Mil (TTM As of Dec. 2023)

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What is NGL Energy Partners LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NGL Energy Partners LP's interest expense for the three months ended in Dec. 2023 was $ -53.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-222.67 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. NGL Energy Partners LP's Operating Income for the three months ended in Dec. 2023 was $ 101.00 Mil. NGL Energy Partners LP's Interest Expense for the three months ended in Dec. 2023 was $ -53.05 Mil. NGL Energy Partners LP's Interest Coverage for the quarter that ended in Dec. 2023 was 1.90. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NGL Energy Partners LP Interest Expense Historical Data

The historical data trend for NGL Energy Partners LP's Interest Expense 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.

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NGL Energy Partners LP Interest Expense Chart

NGL Energy Partners LP Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-164.73

-170.28

-185.38

-254.68

-258.71

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
Interest Expense	Get a 7-Day Free Trial															-71.76	-59.71	-55.42	-54.49	-53.05

NGL Energy Partners LP Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-222.67 Mil.

NGL Energy Partners LP (NYSE:NGLpB.PFD) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NGL Energy Partners LP's Interest Expense for the three months ended in Dec. 2023 was $-53.05 Mil. Its Operating Income for the three months ended in Dec. 2023 was $101.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,754.75 Mil.

NGL Energy Partners LP's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	100.999	/	-53.05
	=	1.90

The higher the ratio, the stronger the company's financial strength is.

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

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NGL Energy Partners LP (NYSE:NGLpB.PFD) » Definitions » Interest Expense

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Traded in Other Exchanges

NGLpC.PFD:USA NGL: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.