Dividend History Analysis of NGL Energy Partners LP
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 8 hours ago
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Source: NASDAQ.COM
- Dividend Payment History: NGL Energy Partners LP's 9.00% Class B preferred shares have shown a stable dividend payment record, with a current price drop of 2.5%, yet the fixed income feature continues to attract investor interest.
- Market Performance Comparison: In Tuesday trading, NGL.PRB's price fell by 2.5%, while common shares NGL rose by approximately 3%, indicating a dynamic market difference between preferred and common stocks that may influence investor asset allocation decisions.
- Yield Attractiveness: NGL.PRB offers a 9.00% yield as a fixed income product, and despite facing short-term volatility, its high yield remains appealing in the current market environment, potentially attracting investors seeking stable cash flows.
- Investor Sentiment: Despite the decline in preferred stock prices, the market maintains a cautiously optimistic view on the long-term investment value of NGL.PRB, reflecting investor confidence in the company's future performance, particularly regarding dividend stability.
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Analyst Views on NGL
About NGL
NGL Energy Partners LP is a master limited partnership. It operates an integrated network of large-diameter wastewater pipelines, disposal wells and produced water handling systems in the Delaware Basin. It also operates wastewater disposal in the Eagle Ford and DJ Basins. In addition, it markets and provides other logistics services for crude oil, through its ownership of the Grand Mesa Pipeline System, Cushing terminal and other Gulf Coast terminals. Its Water Solutions segment transports, treats, recycles and disposes of produced and flowback water generated from crude oil and natural gas production. Its Crude Oil Logistics segment purchases crude oil from producers and marketers and transports it to refineries or for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities and other trade hubs, and provides storage, terminaling and transportation services. Its Liquids Logistics segment conducts supply operations for natural gas liquids.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Dividend Payment History: NGL Energy Partners LP's 9.00% Class B preferred shares have shown a stable dividend payment record, with a current price drop of 2.5%, yet the fixed income feature continues to attract investor interest.
- Market Performance Comparison: In Tuesday trading, NGL.PRB's price fell by 2.5%, while common shares NGL rose by approximately 3%, indicating a dynamic market difference between preferred and common stocks that may influence investor asset allocation decisions.
- Yield Attractiveness: NGL.PRB offers a 9.00% yield as a fixed income product, and despite facing short-term volatility, its high yield remains appealing in the current market environment, potentially attracting investors seeking stable cash flows.
- Investor Sentiment: Despite the decline in preferred stock prices, the market maintains a cautiously optimistic view on the long-term investment value of NGL.PRB, reflecting investor confidence in the company's future performance, particularly regarding dividend stability.
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- Dividend Overview: NGL Energy Partners LP recently declared a dividend of $0.6922 per unit for its 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Preferred Units, indicating the company's commitment to maintaining shareholder returns.
- Stock Performance: In Tuesday trading, NGL's 9.625% preferred units rose approximately 0.7%, while common shares fell about 1.4%, reflecting a relative preference for the preferred stock in the market.
- Investor Interest: With the ongoing dividends, investor interest in NGL's preferred units has surged, particularly in the current market environment where preferred stocks offer relatively stable returns.
- Market Dynamics: Despite the poor performance of common shares, the upward trend in preferred units may attract more investors seeking stable income, thereby enhancing NGL's appeal in the capital markets.
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- Quarterly Distribution Announcement: NGL Energy Partners has declared a quarterly distribution to be paid on July 15, 2026, to holders of its 11.166% Class B and 11.076% Class C Preferred Units, amounting to $0.6979 and $0.6922 per unit respectively, demonstrating the company's commitment to shareholder returns.
- Total Cash Distribution: The Board also approved a cash distribution of $8,776,380.92 for Class D Preferred Units, to be paid on July 15, 2026, which enhances the company's attractiveness in the capital markets.
- Record Date for Holders: All distributions will be paid to holders of record on July 1, 2026, ensuring that investor rights are protected and reflecting the company's focus on shareholder interests.
- Forward-Looking Statements: The announcement includes forward-looking statements indicating that while the company holds an optimistic view of future expectations, it faces uncertainties and risks, urging investors to approach these statements with caution.
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- Disappointing Earnings: NGL Energy Partners reported a Q4 GAAP EPS of -$3.44, missing expectations by $3.62, indicating challenges in profitability that may negatively impact investor confidence.
- Slight Revenue Decline: The company reported revenue of $949.51 million, a 2.2% year-over-year decline, although it beat market expectations by $173.47 million; however, the ongoing revenue drop could affect future growth potential.
- Positive FY2027 Outlook: CEO Mike Krimbill stated that the company expects consolidated Adjusted EBITDA for FY2027 to be in the range of $715 million to $725 million, representing a 10% increase at the high end compared to FY2026, primarily driven by strong momentum in the Water Solutions segment, highlighting growth potential in this area.
- Capital Expenditure Plans: The company plans to allocate $45 million for maintenance and $200 million for growth capital expenditures in FY2027, a strategic investment aimed at further strengthening its financial structure and market competitiveness.
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- Significant Financial Loss: NGL Energy Partners reported a loss from continuing operations of $178.5 million for fiscal 2026, a stark contrast to the $65 million income in fiscal 2025, indicating vulnerability amid market volatility and cost pressures, which could undermine shareholder confidence.
- Adjusted EBITDA Performance: The adjusted EBITDA for fiscal 2026 was $660.2 million, a 6% increase from $622.9 million in fiscal 2025, demonstrating improved operational efficiency in the water solutions segment despite challenges, suggesting potential for future profitability.
- Growth in Water Solutions: In Q4 of fiscal 2026, NGL processed an average of 3.01 million barrels of water per day, a 10% increase from the same period last year, indicating sustained demand in the water solutions market, which could enhance competitive positioning.
- Debt Restructuring and Buyback Plan: In March 2026, NGL closed a $950 million debt refinancing and initiated a new common unit repurchase program, authorizing up to $100 million in buybacks, aimed at optimizing capital structure and enhancing shareholder returns.
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- Earnings Announcement Schedule: NGL Energy Partners is set to release its Q1 earnings report on May 28 after market close, with a consensus EPS estimate of $0.18, reflecting a substantial year-over-year increase of 169.2%, indicating a significant improvement in the company's profitability.
- Revenue Growth Expectations: The anticipated revenue for Q1 is $776.04 million, representing a 24.7% year-over-year growth, which suggests that the company continues to expand its business effectively amid oil price recovery and contract visibility.
- Performance Against Estimates: Over the past year, NGL has beaten EPS estimates 25% of the time, while failing to exceed revenue estimates, highlighting volatility in profitability that may affect investor confidence.
- Share Repurchase Plan: NGL Energy Partners has announced a $100 million share repurchase plan aimed at enhancing shareholder value by reducing the number of outstanding shares, thereby boosting EPS and demonstrating the company's confidence in future growth.
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