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NGL Energy Partners ( (NGL) ) has issued an announcement.
On March 12, 2026, NGL Energy Partners closed a new seven‑year $950 million senior secured term loan facility through its subsidiaries, increasing its secured debt financing from $687.8 million and using proceeds to repay its prior term loan. The partnership also plans to redeem or repurchase about 195,000 Class D preferred units, leaving roughly 316,000 outstanding, a move its CEO framed as a meaningful step toward a simpler, more flexible capital structure.
The term loan, which matures on March 11, 2033, features SOFR‑ or base‑rate pricing with leverage‑linked margins, quarterly amortization starting with the quarter ending June 30, 2026, and customary covenants and guarantees from NGL’s subsidiaries. In conjunction with the new facility, NGL amended its asset‑based revolving credit facility on March 12, 2026, trimming total commitments from $475 million to $425 million and lowering interest margins and fees, collectively reshaping its liquidity profile and debt costs.
The most recent analyst rating on (NGL) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on NGL Energy Partners stock, see the NGL Stock Forecast page.
Spark’s Take on NGL Stock
According to Spark, TipRanks’ AI Analyst, NGL is a Neutral.
The score is driven by strong technical momentum and a constructive earnings outlook with record Water Solutions performance and reaffirmed EBITDA guidance. These positives are tempered by meaningful balance-sheet leverage risk and a very high P/E, which reduces valuation support.
To see Spark’s full report on NGL stock, click here.
More about NGL Energy Partners
NGL Energy Partners LP is a diversified midstream energy company that transports, stores, markets and provides logistics services for crude oil, natural gas liquids and other products, and also transports, treats and disposes of produced water generated from oil and natural gas production. The partnership operates through wholly owned subsidiaries, including NGL Energy Operating LLC and NGL Energy Finance Corp., with its common units listed on the NYSE under the ticker NGL.
Based in Tulsa, Okla., NGL focuses on serving producers and customers across the U.S. energy value chain, offering integrated midstream solutions. Its portfolio spans liquid hydrocarbons handling and water solutions, positioning the partnership in critical infrastructure supporting upstream and downstream energy markets.
Average Trading Volume: 367,557
Technical Sentiment Signal: Buy
Current Market Cap: $1.42B
For an in-depth examination of NGL stock, go to TipRanks’ Overview page.