NGL Energy Partners LP (NGL)

NGL Energy Partners LP is engaged in the midstream energy sector, focusing on the movement, storage, blending, and marketing of critical energy commodities such as crude oil, natural gas liquids (NGLs), refined petroleum products, and renewable fuels. The company also offers extensive water solutions. Its operations are structured into three primary segments: The Water Solutions division specializes in managing water generated during oil and natural gas extraction. This involves the transportation, treatment, recycling, and responsible disposal of produced and flowback water. Additionally, it recovers and markets crude oil, handles the disposal of solids like tank bottoms and drilling fluids, performs truck and frac tank washouts, and supplies water for reuse, recycling, or as brackish non-potable water. The Crude Oil Logistics segment is responsible for purchasing crude oil from producers and marketers, then transporting it to refineries. Resales occur at various points, including pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trading hubs. This segment further provides essential storage, terminaling, and pipeline transportation services. Through its Liquids Logistics segment, NGL Energy Partners supplies natural gas liquids, refined petroleum products, and biodiesel to a diverse clientele of commercial, retail, and industrial customers throughout the United States and Canada. Its operations are supported by a network of 24 proprietary terminals, numerous third-party storage and terminal facilities, nine common carrier pipelines, and a fleet of leased railcars. Furthermore, this segment manages the marine export of butane from its facility situated in Chesapeake, Virginia. NGL Energy Holdings LLC acts as the company's general partner. Established in 1940, the company maintains its headquarters in Tulsa, Oklahoma.

NGL is a master limited partnership. You hold units, not shares, and you are a limited partner rather than a shareholder. The partnership pays no entity-level tax; it passes income and deductions through to unitholders, who receive a Schedule K-1 each year instead of a 1099.

A large part of a typical MLP distribution is treated as return of capital that lowers your cost basis and is recaptured when you sell. K-1s arrive late, can require state filings, and units held inside a retirement account can generate unrelated business taxable income. Read how MLPs work.

Figures on this page are computed by Income Investing from the payment history and last price stored in our own database; the payment records come from fmp and the price from fmp, last recomputed Aug 25, 2026. They describe what has been paid, not what will be paid. Yield, payout ratio, our data sources and our methodology are explained elsewhere on the site.

The table lists the 24 most recent recorded distributions for NGL, newest first, with ex-dates running from Feb 04, 2015 to Nov 05, 2020. The latest is $0.1000 per share in USD, ex-date Nov 05, 2020, pay date Nov 13, 2020. Measured against the nearest payment about a year earlier, 5 are higher, 7 lower and 12 unchanged; the remaining 0 have no comparable payment in the record. None is flagged as a special or one-off payment. Payment records supplied by fmp.

The chart covers 10 complete calendar years for NGL, 2011 to 2020, per share, in USD. Each bar totals the regular distributions with an ex-dividend date in that calendar year. The year is assigned by ex-dividend date, which is not necessarily the issuer's own distribution year. Our stored payment history for NGL begins in 2011. The total went from $0.5045 in 2011 to $0.8900 in 2020 — 76% higher. Within that span 3 years were higher than the year before and 4 lower. The three most recent years shown are 2018 $1.56, 2019 $1.56 and 2020 $0.8900. The current year is still in progress and is left out, and special or one-off payments are excluded. This is a record of what was paid, not a projection. 1 of the years shown does not hold the 4 distributions the recorded cadence implies: 2011 (2 payments). Those years are marked on the chart and named in the table. A year with one more or one fewer payment than the cadence implies is usually a payment whose ex-dividend date moved across a year end rather than a change in the payment itself: the payment lands in the neighbouring calendar year, so one year reads high and the next reads low while the rate never moved. The change-on-the-year-before column carries the same distortion, because it compares two totals rather than two payment rates. 2011 is the first year of payments we hold for NGL, so it is short because our record starts there, not because anything moved. These totals are arithmetically right for what they measure — regular distributions bucketed by ex-dividend date — but they are not the annual distribution the issuer reports for that year, and where the two disagree the issuer's own published distribution history is the authority.