2023 Q2 Form 10-K Financial Statement

#000150446123000041 Filed on May 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2023
Revenue $1.616B $2.049B $8.695B
YoY Change -35.29% -19.12% 9.4%
Cost Of Revenue $1.379B $1.771B $7.650B
YoY Change -38.83% -24.29% 7.15%
Gross Profit $236.8M $278.3M $1.045B
YoY Change -2.31% 42.99% 29.22%
Gross Profit Margin 14.65% 13.58% 12.02%
Selling, General & Admin $20.29M $21.22M $71.82M
YoY Change 21.09% 21.96% 13.02%
% of Gross Profit 8.57% 7.62% 6.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $73.21M $73.85M $290.9M
YoY Change 3.16% 4.23% -5.01%
% of Gross Profit 30.92% 26.54% 27.84%
Operating Expenses $167.4M $178.1M $673.7M
YoY Change 6.98% 13.76% 5.91%
Operating Profit $72.02M $100.3M $289.2M
YoY Change -16.19% 163.01% 248.21%
Interest Expense $59.52M -$61.59M $275.4M
YoY Change -190.91% -6.51% 1.4%
% of Operating Profit 82.65% -61.43% 95.26%
Other Income/Expense, Net $306.0K $17.00K $28.75M
YoY Change -52.63% -93.23% 1175.42%
Pretax Income $19.70M -$33.05M $52.76M
YoY Change -14.09% 19.65% -128.81%
Income Tax $140.0K $158.0K $271.0K
% Of Pretax Income 0.71% 0.51%
Net Earnings $19.30M -$67.66M $51.39M
YoY Change -15.57% 130.45% -127.81%
Net Earnings / Revenue 1.19% -3.3% 0.59%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.11 -$0.51 -$0.56
COMMON SHARES
Basic Shares Outstanding 131.9M shares 131.3M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q2 2023 Q1 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.786M $5.431M $5.431M
YoY Change 854.17% 42.1% 42.1%
Cash & Equivalents $7.786M $5.431M $5.431M
Short-Term Investments
Other Short-Term Assets $84.34M $98.09M $98.09M
YoY Change -36.65% -38.5% -38.5%
Inventory $185.6M $142.6M $142.6M
Prepaid Expenses
Receivables $892.3M $1.034B $1.034B
Other Receivables $12.84M $12.36M $12.36M
Total Short-Term Assets $1.183B $1.292B $1.292B
YoY Change -32.38% -16.42% -16.42%
LONG-TERM ASSETS
Property, Plant & Equipment $2.197B $2.223B $2.314B
YoY Change -14.28% -9.71% -10.2%
Goodwill $712.4M $712.4M
YoY Change -4.31%
Intangibles $1.039B $1.059B
YoY Change -6.75%
Long-Term Investments $20.05M $21.09M $21.09M
YoY Change -11.17% -3.69% -3.69%
Other Assets $57.43M $57.98M $49.39M
YoY Change 39.01% 26.58% 15.78%
Total Long-Term Assets $4.123B $4.164B $4.164B
YoY Change -8.14% -7.96% -7.96%
TOTAL ASSETS
Total Short-Term Assets $1.183B $1.292B $1.292B
Total Long-Term Assets $4.123B $4.164B $4.164B
Total Assets $5.306B $5.456B $5.456B
YoY Change -14.94% -10.12% -10.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $773.7M $927.6M $927.7M
YoY Change -32.74% -14.49% -14.49%
Accrued Expenses $159.4M $133.6M $122.3M
YoY Change 5.81% 5.85% -3.1%
Deferred Revenue $18.77M $14.52M
YoY Change 89.38%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0K $0.00 $100.0K
YoY Change -95.88% -100.0% -95.79%
Total Short-Term Liabilities $986.9M $1.110B $1.110B
YoY Change -29.12% -13.08% -13.08%
LONG-TERM LIABILITIES
Long-Term Debt $2.804B $2.858B $2.858B
YoY Change -17.16% -14.7% -14.7%
Other Long-Term Liabilities $112.0M $111.2M $169.6M
YoY Change -35.08% 6.59% -4.26%
Total Long-Term Liabilities $112.0M $2.969B $3.027B
YoY Change -96.85% 2745.37% -14.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $986.9M $1.110B $1.110B
Total Long-Term Liabilities $112.0M $2.969B $3.027B
Total Liabilities $1.099B $4.079B $4.154B
YoY Change -77.87% 195.26% -13.85%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.322B $1.302B $1.302B
YoY Change
Total Liabilities & Shareholders Equity $5.306B $5.456B $5.456B
YoY Change -14.94% -10.12% -10.12%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2023
OPERATING ACTIVITIES
Net Income $19.30M -$67.66M $51.39M
YoY Change -15.57% 130.45% -127.81%
Depreciation, Depletion And Amortization $73.21M $73.85M $290.9M
YoY Change 3.16% 4.23% -5.01%
Cash From Operating Activities $55.11M $238.3M $445.2M
YoY Change 2116.85% 33.19% 116.27%
INVESTING ACTIVITIES
Capital Expenditures $35.80M $25.40M $147.8M
YoY Change -187.31% -172.83% -203.8%
Acquisitions $0.00
YoY Change
Other Investing Activities $34.36M $161.7M $212.0M
YoY Change 649.56% -299.51% -402.58%
Cash From Investing Activities -$1.441M $136.3M $64.19M
YoY Change -96.04% -217.56% -130.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$51.32M -373.7M -$507.8M
YoY Change -265.91% 477.9% -9240.68%
NET CHANGE
Cash From Operating Activities $55.11M 238.3M $445.2M
Cash From Investing Activities -$1.441M 136.3M $64.19M
Cash From Financing Activities -$51.32M -373.7M -$507.8M
Net Change In Cash $2.355M 897.0K $1.609M
YoY Change -178.34% -154.9% -259.78%
FREE CASH FLOW
Cash From Operating Activities $55.11M $238.3M $445.2M
Capital Expenditures $35.80M $25.40M $147.8M
Free Cash Flow $19.31M $212.9M $297.4M
YoY Change -55.6% -0.42% -14.58%

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CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2023 us-gaap Nature Of Operations
NatureOfOperations
Organization and Operations<div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">NGL Energy Partners LP (“we,” “us,” “our,” or the “Partnership”) is a Delaware limited partnership formed in September 2010. NGL Energy Holdings LLC serves as our general partner (“GP”). At March 31, 2023, our operations included three segments:</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:54pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Our Water Solutions segment transports, treats, recycles and disposes of produced and flowback water generated from crude oil and natural gas production. We also sell produced water for reuse and recycle and brackish non-potable water to our producer customers to be used in their crude oil exploration and production activities. As part of processing water, we aggregate and sell recovered crude oil, also known as skim oil. We also dispose of solids such as tank bottoms, drilling fluids and drilling muds and perform other ancillary services such as truck and frac tank washouts. Our activities in this segment are underpinned by long-term, fixed fee contracts and acreage dedications, some of which contain minimum volume commitments with leading oil and gas companies including large, investment grade producer customers.</span></div><div style="margin-bottom:6pt;padding-left:54pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Our 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, refineries, and other trade hubs, and provides storage, terminaling and transportation services through its owned assets. Our activities in this segment are supported by certain long-term, fixed rate contracts which include minimum volume commitments on our owned and leased pipelines.</span></div><div style="padding-left:54pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Our Liquids Logistics segment conducts supply operations for natural gas liquids, refined petroleum products and biodiesel to a broad range of commercial, retail and industrial customers across the United States and Canada. These operations are conducted through our 25 owned terminals, third-party storage and terminal facilities, nine common carrier pipelines and a fleet of leased railcars. We also provide services for marine exports of butane through our facility located in Chesapeake, Virginia, and we own a propane pipeline system in Michigan.</span></div>
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2023 ngl Minimum Percentageof Qualifying Incomeof Non Taxable Subsidiaries
MinimumPercentageofQualifyingIncomeofNonTaxableSubsidiaries
0.90
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amount of assets and liabilities reported at the date of the consolidated financial statements and the amount of revenues and expenses reported during the periods presented.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Critical accounting estimates we make in the preparation of our consolidated financial statements include, among others, determining the impairment of goodwill and long-lived assets, useful lives and recoverability of property, plant and equipment and amortizable intangible assets, the fair value of derivative instruments, estimating certain revenues, the fair value of asset retirement obligations, the fair value of assets and liabilities acquired in acquisitions, the recoverability of inventories, the collectability of accounts and notes receivable and accruals for environmental matters. Although we believe these estimates are reasonable, actual results could differ from those estimates.</span></div>
CY2023 ngl Minimum Percentageof Qualifying Incomeof Non Taxable Subsidiaries
MinimumPercentageofQualifyingIncomeofNonTaxableSubsidiaries
0.90
CY2023Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
40700000 usd
CY2022Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
43500000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2300000 usd
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.275
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1200000 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.113
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accounts Receivable and Concentration of Credit Risk</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We operate in the United States and Canada. We grant unsecured credit to customers under normal industry standards and terms, and have established policies and procedures that allow for an evaluation of each customer’s creditworthiness as well as general economic conditions. See Note 16 for a further discussion of our allowance for expected credit losses. </span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We execute master netting agreements with certain customers to mitigate our credit risk. Receivables and payables are reflected at a net balance to the extent a master netting agreement is in place and we intend to settle on a net basis.</span></div> We did not have any customers that represented over 10% of our consolidated revenues for the years ended March 31, 2023 or 2021. CITGO Petroleum Corporation accounted for 12.8% of our consolidated revenues for the year ended March 31, 2022. The majority of the revenue for this customer pertains to our Crude Oil Logistics segment activities.
CY2023Q1 us-gaap Energy Related Inventory Petroleum
EnergyRelatedInventoryPetroleum
49586000 usd
CY2022Q1 us-gaap Energy Related Inventory Petroleum
EnergyRelatedInventoryPetroleum
135485000 usd
CY2023Q1 us-gaap Energy Related Inventory Propane Gas
EnergyRelatedInventoryPropaneGas
46910000 usd
CY2022Q1 us-gaap Energy Related Inventory Propane Gas
EnergyRelatedInventoryPropaneGas
43971000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
142607000 usd
CY2022Q1 us-gaap Inventory Net
InventoryNet
251277000 usd
CY2023Q1 us-gaap Cumulative Earnings Deficit
CumulativeEarningsDeficit
10600000 usd
CY2023Q1 us-gaap Cumulative Dividends
CumulativeDividends
14000000 usd
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
21090000 usd
CY2022Q1 us-gaap Equity Method Investments
EquityMethodInvestments
21897000 usd
CY2023Q1 ngl Other Assets Line Fill Noncurrent
OtherAssetsLineFillNoncurrent
37861000 usd
CY2022Q1 ngl Other Assets Line Fill Noncurrent
OtherAssetsLineFillNoncurrent
28065000 usd
CY2023Q1 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
8592000 usd
CY2022Q1 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
3147000 usd
CY2023Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
6896000 usd
CY2022Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
5691000 usd
CY2023Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
57977000 usd
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
45802000 usd
CY2023Q1 us-gaap Amount Of Deferred Costs Related To Long Term Contracts
AmountOfDeferredCostsRelatedToLongTermContracts
8900000 usd
CY2023Q1 us-gaap Interest Payable Current
InterestPayableCurrent
49362000 usd
CY2022Q1 us-gaap Interest Payable Current
InterestPayableCurrent
56104000 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
27013000 usd
CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
18417000 usd
CY2023Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
14752000 usd
CY2022Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
27108000 usd
CY2023Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
11777000 usd
CY2022Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
10451000 usd
CY2023Q1 ngl Product Exchange Liabilities Current
ProductExchangeLiabilitiesCurrent
4047000 usd
CY2022Q1 ngl Product Exchange Liabilities Current
ProductExchangeLiabilitiesCurrent
853000 usd
CY2023Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
26665000 usd
CY2022Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
27786000 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
133616000 usd
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
140719000 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassifications</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have reclassified certain prior period financial statement information to be consistent with the classification methods used in the current fiscal year. These reclassifications did not impact previously reported amounts of assets, liabilities, equity, net income or cash flows.</span></div>
CY2023 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
52492000 usd
CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-184101000 usd
CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-637418000 usd
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1106000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
655000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
632000 usd
CY2023 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
51386000 usd
CY2022 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-184756000 usd
CY2021 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-638050000 usd
CY2023 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
124691000 usd
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
104163000 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
93364000 usd
CY2023 ngl Net Income Loss From Continuing Operations Allocated To General Partner
NetIncomeLossFromContinuingOperationsAllocatedToGeneralPartner
73000 usd
CY2022 ngl Net Income Loss From Continuing Operations Allocated To General Partner
NetIncomeLossFromContinuingOperationsAllocatedToGeneralPartner
289000 usd
CY2021 ngl Net Income Loss From Continuing Operations Allocated To General Partner
NetIncomeLossFromContinuingOperationsAllocatedToGeneralPartner
731000 usd
CY2023 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-73232000 usd
CY2022 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-288630000 usd
CY2021 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-730683000 usd
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 usd
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1769000 usd
CY2023 ngl Net Income Loss From Discontinued Operations Allocated To General Partner
NetIncomeLossFromDiscontinuedOperationsAllocatedToGeneralPartner
0 usd
CY2022 ngl Net Income Loss From Discontinued Operations Allocated To General Partner
NetIncomeLossFromDiscontinuedOperationsAllocatedToGeneralPartner
0 usd
CY2021 ngl Net Income Loss From Discontinued Operations Allocated To General Partner
NetIncomeLossFromDiscontinuedOperationsAllocatedToGeneralPartner
2000 usd
CY2023 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
0 usd
CY2022 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
0 usd
CY2021 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
-1767000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-73232000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-288630000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-732450000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3121564000 usd
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3349396000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
898184000 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
887006000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2223380000 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2462390000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
100000 usd
CY2023 us-gaap Depreciation
Depreciation
196129000 usd
CY2022 us-gaap Depreciation
Depreciation
203783000 usd
CY2021 us-gaap Depreciation
Depreciation
190204000 usd
CY2023 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
945000 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
916000 usd
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2778000 usd
CY2023 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
84509000 usd
CY2022 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
36624000 usd
CY2021 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
41836000 usd
CY2021Q1 us-gaap Goodwill
Goodwill
744439000 usd
CY2022Q1 us-gaap Goodwill
Goodwill
744439000 usd
CY2023 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
32075000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
712364000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1639273000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
580860000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1058413000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1642384000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
507285000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1135099000 usd
CY2023Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1639528000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
580860000 usd
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1058668000 usd
CY2022Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1642639000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
507285000 usd
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1135354000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
82879000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
90244000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
133149000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
76753000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
68509000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
65464000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
60158000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
57305000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
730224000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1058413000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2887922000 usd
CY2023Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
30117000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
2857805000 usd
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3395829000 usd
CY2022Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
42988000 usd
CY2023 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
391000 usd
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
3352841000 usd
CY2023Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2023Q1 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
0 usd
CY2023Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
2378000 usd
CY2022Q1 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
0 usd
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
2378000 usd
CY2023Q1 ngl Long Term Debt Excluding Current Maturities Before Debt Issuance Costs
LongTermDebtExcludingCurrentMaturitiesBeforeDebtIssuanceCosts
2887922000 usd
CY2023Q1 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
30117000 usd
CY2023Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2857805000 usd
CY2022Q1 ngl Long Term Debt Excluding Current Maturities Before Debt Issuance Costs
LongTermDebtExcludingCurrentMaturitiesBeforeDebtIssuanceCosts
3393451000 usd
CY2022Q1 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
42988000 usd
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3350463000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
380020000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2188000000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
319902000 usd
CY2023Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
2887922000 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
11900000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
12200000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
7800000 usd
CY2023Q1 ngl Future Amortization Of Debt Issuance Costs Year One
FutureAmortizationOfDebtIssuanceCostsYearOne
10842000 usd
CY2023Q1 ngl Future Amortizationof Debt Issuance Costs Year Two
FutureAmortizationofDebtIssuanceCostsYearTwo
10772000 usd
CY2023Q1 ngl Future Amortizationof Debt Issuance Costs Year Three
FutureAmortizationofDebtIssuanceCostsYearThree
8471000 usd
CY2023Q1 ngl Future Amortizationof Debt Issuance Costs Year Four
FutureAmortizationofDebtIssuanceCostsYearFour
32000 usd
CY2023Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
30117000 usd
CY2023Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
2500000 usd
CY2023Q1 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
8400000 usd
CY2023Q1 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
1500000 usd
CY2021Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
28079000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
1865000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
1716000 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1713000 usd
CY2022Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
29941000 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
3880000 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
1493000 usd
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
3226000 usd
CY2023Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
35163000 usd
CY2023 ngl Number Of Saltwater Disposal Wells Sold
NumberOfSaltwaterDisposalWellsSold
17
CY2020Q2 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
25754000 usd
CY2020Q2 us-gaap General Partner Distributions
GeneralPartnerDistributions
26000 usd
CY2023Q1 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
10286000 usd
CY2023Q1 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
3397000 usd
CY2023Q1 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
1349000 usd
CY2023Q1 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
1335000 usd
CY2023Q1 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
1288000 usd
CY2023Q1 us-gaap Other Commitment Due After Fifth Year
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CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
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CY2023Q1 us-gaap Operating Lease Liability
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CY2022 us-gaap Operating Lease Payments
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3927000 usd
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