$NGL
NGL Energy Partners LP

2023 Q4 Form 10-Q Financial Statement

#000150446123000050 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $1.870B $1.841B
YoY Change -12.6% -8.38%
Cost Of Revenue $1.606B $1.578B
YoY Change -13.67% -10.52%
Gross Profit $263.6M $262.6M
YoY Change -5.46% 7.06%
Gross Profit Margin 14.1% 14.27%
Selling, General & Admin $17.93M $17.50M
YoY Change 4.17% 5.24%
% of Gross Profit 6.8% 6.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $69.90M $69.79M
YoY Change -5.06% -3.66%
% of Gross Profit 26.51% 26.57%
Operating Expenses $164.2M $162.0M
YoY Change -2.92% -4.76%
Operating Profit $101.8M $86.03M
YoY Change -0.86% 25.1%
Interest Expense $57.22M $58.63M
YoY Change -24.63% -14.16%
% of Operating Profit 56.22% 68.15%
Other Income/Expense, Net $515.0K $310.0K
YoY Change -98.17% -2166.67%
Pretax Income $45.92M $28.60M
YoY Change -21.81% 590.15%
Income Tax $154.0K $342.0K
% Of Pretax Income 0.34% 1.2%
Net Earnings $45.68M $28.03M
YoY Change -21.96% 698.52%
Net Earnings / Revenue 2.44% 1.52%
Basic Earnings Per Share
Diluted Earnings Per Share $0.08 -$0.05
COMMON SHARES
Basic Shares Outstanding 131.9M shares 131.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $738.0K $2.700M
YoY Change -83.72% -40.53%
Cash & Equivalents $738.0K $2.680M
Short-Term Investments
Other Short-Term Assets $123.3M $137.6M
YoY Change -9.33% -10.22%
Inventory $201.6M $250.6M
Prepaid Expenses
Receivables $999.5M $1.158B
Other Receivables $15.46M $15.00M
Total Short-Term Assets $1.341B $1.564B
YoY Change -11.7% -4.83%
LONG-TERM ASSETS
Property, Plant & Equipment $2.137B $2.166B
YoY Change -10.96% -11.47%
Goodwill $707.6M $707.6M
YoY Change -4.95% -4.95%
Intangibles $999.6M $1.017B
YoY Change -7.32% -7.24%
Long-Term Investments $19.54M $20.90M
YoY Change -14.2% -3.05%
Other Assets $56.23M $57.70M
YoY Change -12.18% -10.97%
Total Long-Term Assets $4.022B $4.064B
YoY Change -8.51% -9.1%
TOTAL ASSETS
Total Short-Term Assets $1.341B $1.564B
Total Long-Term Assets $4.022B $4.064B
Total Assets $5.362B $5.628B
YoY Change -9.33% -7.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $832.0M $1.081B
YoY Change -12.65% 8.75%
Accrued Expenses $195.4M $164.1M
YoY Change 12.06% 9.03%
Deferred Revenue $27.47M $28.88M
YoY Change 32.1% 14.29%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0K
YoY Change -95.97%
Total Short-Term Liabilities $1.088B $1.307B
YoY Change -26.71% 8.26%
LONG-TERM LIABILITIES
Long-Term Debt $2.684B $2.782B
YoY Change -8.12% -19.32%
Other Long-Term Liabilities $107.8M $107.9M
YoY Change 4.28% 3.66%
Total Long-Term Liabilities $107.8M $107.9M
YoY Change 4.28% 3.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.088B $1.307B
Total Long-Term Liabilities $107.8M $107.9M
Total Liabilities $1.196B $1.415B
YoY Change -24.7% 7.9%
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 $1.396B $1.350B
YoY Change
Total Liabilities & Shareholders Equity $5.362B $5.628B
YoY Change -9.33% -7.95%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $45.68M $28.03M
YoY Change -21.96% 698.52%
Depreciation, Depletion And Amortization $69.90M $69.79M
YoY Change -5.06% -3.66%
Cash From Operating Activities $92.84M $76.00M
YoY Change -61.08% -322.5%
INVESTING ACTIVITIES
Capital Expenditures $39.45M $44.60M
YoY Change 38.92% -184.22%
Acquisitions
YoY Change
Other Investing Activities $46.89M -$10.70M
YoY Change 179.1% -137.01%
Cash From Investing Activities $7.442M -$55.40M
YoY Change -164.17% 130.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -102.2M -25.80M
YoY Change -54.96% -141.66%
NET CHANGE
Cash From Operating Activities 92.84M 76.00M
Cash From Investing Activities 7.442M -55.40M
Cash From Financing Activities -102.2M -25.80M
Net Change In Cash -1.942M -5.200M
YoY Change 32266.67% -239.63%
FREE CASH FLOW
Cash From Operating Activities $92.84M $76.00M
Capital Expenditures $39.45M $44.60M
Free Cash Flow $53.39M $31.40M
YoY Change -74.59% 67.03%

Facts In Submission

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us-gaap Nature Of Operations
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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. NGL Energy Holdings LLC serves as our general partner (“GP”). At September 30, 2023, our operations included three segments:</span></div><div><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 23 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 also own a propane pipeline in Michigan. We attempt to reduce our exposure to price fluctuations by using back-to-back physical contracts and pre-sale agreements that allow us to lock in a margin on a percentage of our winter volumes. We also enter into financially settled derivative contracts as economic hedges of our physical inventory, physical sales and physical purchase contracts.</span></div>
us-gaap Number Of Reportable Segments
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us-gaap Use Of Estimates
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<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><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 unaudited condensed 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>
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InventoryNet
142607000 usd
CY2023Q3 us-gaap Equity Method Investments
EquityMethodInvestments
20900000 usd
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
21090000 usd
CY2023Q3 ngl Other Assets Linefill Noncurrent
OtherAssetsLinefillNoncurrent
37861000 usd
CY2023Q1 ngl Other Assets Linefill Noncurrent
OtherAssetsLinefillNoncurrent
37861000 usd
CY2023Q3 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
7439000 usd
CY2023Q1 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
8592000 usd
CY2023Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
9904000 usd
CY2023Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
6896000 usd
CY2023Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
57696000 usd
CY2023Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
57977000 usd
CY2023Q3 us-gaap Amount Of Deferred Costs Related To Long Term Contracts
AmountOfDeferredCostsRelatedToLongTermContracts
6800000 usd
CY2023Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
49371000 usd
CY2023Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
14752000 usd
CY2023Q3 us-gaap Interest Payable Current
InterestPayableCurrent
40741000 usd
CY2023Q1 us-gaap Interest Payable Current
InterestPayableCurrent
49362000 usd
CY2023Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
20138000 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
27013000 usd
CY2023Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
16844000 usd
CY2023Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
11777000 usd
CY2023Q3 ngl Product Exchange Liabilities Current
ProductExchangeLiabilitiesCurrent
9037000 usd
CY2023Q1 ngl Product Exchange Liabilities Current
ProductExchangeLiabilitiesCurrent
4047000 usd
CY2023Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
27984000 usd
CY2023Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
26665000 usd
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
164115000 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
133616000 usd
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>
CY2023Q3 us-gaap Profit Loss
ProfitLoss
28285000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
3607000 usd
us-gaap Profit Loss
ProfitLoss
47848000 usd
us-gaap Profit Loss
ProfitLoss
26713000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
257000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
97000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
519000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
342000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
28028000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
3510000 usd
us-gaap Net Income Loss
NetIncomeLoss
47329000 usd
us-gaap Net Income Loss
NetIncomeLoss
26371000 usd
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
34744000 usd
CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
30436000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
68541000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
57981000 usd
CY2023Q3 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
7000 usd
CY2022Q3 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
27000 usd
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
21000 usd
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
32000 usd
CY2023Q3 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-6709000 usd
CY2022Q3 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-26899000 usd
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-21191000 usd
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-31578000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3074698000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3121564000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
908595000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
898184000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2166103000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2223380000 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
100000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
48667000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
48806000 usd
us-gaap Depreciation
Depreciation
98311000 usd
us-gaap Depreciation
Depreciation
95857000 usd
CY2023Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
347000 usd
CY2022Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
241000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
649000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
490000 usd
CY2023Q3 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
1616000 usd
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
12932000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
712364000 usd
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
4781000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
707583000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1423473000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
406653000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1016820000 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
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1489000 usd
CY2023Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1423473000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
406653000 usd
CY2023Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1016820000 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
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18466000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20640000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
39342000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
41542000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
34953000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
67962000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
65807000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
60152000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
57300000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
55348000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
675298000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1016820000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2806647000 usd
CY2023Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
24385000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
2782262000 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
CY2023Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
34221000 usd
ngl Number Of Saltwater Disposal Wells Sold
NumberOfSaltwaterDisposalWellsSold
7
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
280745000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2206000000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
319902000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2806647000 usd
CY2023Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2700000 usd
CY2022Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3000000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5300000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6000000 usd
CY2023Q3 ngl Future Amortization Of Debt Issuance Costs Remainder Of Fiscal Year
FutureAmortizationOfDebtIssuanceCostsRemainderOfFiscalYear
5312000 usd
CY2023Q3 ngl Future Amortization Of Debt Issuance Costs Year One
FutureAmortizationOfDebtIssuanceCostsYearOne
10570000 usd
CY2023Q3 ngl Future Amortizationof Debt Issuance Costs Year Two
FutureAmortizationofDebtIssuanceCostsYearTwo
8471000 usd
CY2023Q3 ngl Future Amortizationof Debt Issuance Costs Year Three
FutureAmortizationofDebtIssuanceCostsYearThree
32000 usd
CY2023Q3 ngl Future Amortizationof Debt Issuance Costs
FutureAmortizationofDebtIssuanceCosts
24385000 usd
CY2023Q1 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
36000000 usd
ngl Loss Contingency Statutory Interest And Costs Awarded Value
LossContingencyStatutoryInterestAndCostsAwardedValue
22300000 usd
CY2023Q3 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
4000000 usd
CY2023Q3 ngl Loss Contingency Interest Accrual
LossContingencyInterestAccrual
1500000 usd
CY2023Q2 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
8400000 usd
CY2023Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
1400000 usd
CY2023Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
35163000 usd
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
917000 usd
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
3126000 usd
us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
222000 usd
CY2023Q3 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
8018000 usd
CY2023Q3 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
3867000 usd
CY2023Q3 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
1370000 usd
CY2023Q3 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
1362000 usd
CY2023Q3 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
1315000 usd
CY2023Q3 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
1248000 usd
CY2023Q3 us-gaap Other Commitment Due After Fifth Year
OtherCommitmentDueAfterFifthYear
3205000 usd
CY2023Q3 us-gaap Other Commitment
OtherCommitment
20385000 usd
us-gaap Preferred Stock Amount Of Preferred Dividends In Arrears
PreferredStockAmountOfPreferredDividendsInArrears
321200000 usd
CY2023Q3 us-gaap Price Risk Derivatives At Fair Value Net
PriceRiskDerivativesAtFairValueNet
82706000 usd
CY2023Q3 ngl Derivative Collateral Obligation To Return Cash Or Right To Reclaim Cash
DerivativeCollateralObligationToReturnCashOrRightToReclaimCash
51312000 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
31394000 usd
CY2023Q1 us-gaap Price Risk Derivatives At Fair Value Net
PriceRiskDerivativesAtFairValueNet
66811000 usd
CY2023Q1 ngl Derivative Collateral Obligation To Return Cash Or Right To Reclaim Cash
DerivativeCollateralObligationToReturnCashOrRightToReclaimCash
47800000 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
19011000 usd
CY2023Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-13900000 usd
CY2022Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
28000000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-1000000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-13100000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2023Q3 us-gaap Revenues
Revenues
1841096000 usd
CY2022Q3 us-gaap Revenues
Revenues
2009447000 usd
us-gaap Revenues
Revenues
3457200000 usd
us-gaap Revenues
Revenues
4506830000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
69788000 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
72442000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
142998000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
143410000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
86030000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
68770000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
158050000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
156033000 usd
CY2023Q3 ngl Acquisition Of Property Plant And Equipment And Intangible Assets
AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssets
45834000 usd
CY2022Q3 ngl Acquisition Of Property Plant And Equipment And Intangible Assets
AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssets
45808000 usd
ngl Acquisition Of Property Plant And Equipment And Intangible Assets
AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssets
89926000 usd
ngl Acquisition Of Property Plant And Equipment And Intangible Assets
AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssets
92529000 usd
CY2023Q3 us-gaap Noncurrent Assets
NoncurrentAssets
3985737000 usd
CY2023Q1 us-gaap Noncurrent Assets
NoncurrentAssets
4084632000 usd
CY2023Q3 us-gaap Assets
Assets
5627915000 usd
CY2023Q1 us-gaap Assets
Assets
5456144000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
66931000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
93770000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
25234000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
11273000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1848000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
860000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1072000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
200988000 usd
CY2023Q3 us-gaap Contract With Customer Receivable Before Allowance For Credit Loss
ContractWithCustomerReceivableBeforeAllowanceForCreditLoss
421754000 usd
CY2023Q1 us-gaap Contract With Customer Receivable Before Allowance For Credit Loss
ContractWithCustomerReceivableBeforeAllowanceForCreditLoss
425760000 usd
CY2023Q3 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
0 usd
CY2023Q1 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
10050000 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
14520000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
24034000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
9674000 usd
CY2023Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
28880000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
11971000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
13482000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
24083000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
27160000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
8561000 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
7562000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
16287000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
14590000 usd
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
230000 usd
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
54000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
270000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
148000 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1000 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1000 usd
CY2023Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3000 usd
CY2022Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
6000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
20766000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
21101000 usd
us-gaap Lease Cost
LeaseCost
40648000 usd
us-gaap Lease Cost
LeaseCost
41901000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
21842000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
14000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
32461000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
28000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
19658000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
28000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13529000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
28000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11000000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
10000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4908000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
25365000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
128763000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
108000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
31412000 usd
CY2023Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
24000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
97351000 usd
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
84000 usd
CY2023Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
100000 usd
CY2023Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
100000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
24266000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
27074000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
6000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
2000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
26188000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7846000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
102000 usd
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
4300000 usd
CY2023Q3 us-gaap Sublease Income
SubleaseIncome
1100000 usd
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
3300000 usd
CY2022Q3 us-gaap Sublease Income
SubleaseIncome
900000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
8700000 usd
us-gaap Sublease Income
SubleaseIncome
2100000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
6800000 usd
us-gaap Sublease Income
SubleaseIncome
1100000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
8617000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
10244000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
10507000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
9244000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
6293000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
1795000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
46700000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1964000 usd
CY2023Q1 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
48000 usd
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
19000 usd
us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesHeldToMaturityAllowanceForCreditLossPeriodIncreaseDecrease
135000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
105000 usd
us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Writeoff
DebtSecuritiesHeldToMaturityAllowanceForCreditLossWriteoff
0 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1840000 usd
CY2023Q3 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
183000 usd
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0001504461-23-000050.txt Edgar Link pending
0001504461-23-000050-xbrl.zip Edgar Link pending
ex31109302310q.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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