| Cash Flow | 2026-03-31 |
|---|---|
| Net (loss) income | -139,163 |
| Revenues | 148,081 |
| Cost of sales | 146,508 |
| Operating expenses | 463 |
| General and administrative expenses | -6 |
| Depreciation and amortization | 0 |
| (gain) loss on disposal or impairment of assets, net | 38,290 |
| Operating income (loss) from discontinued operations | 39,406 |
| Interest expense | 5 |
| Other (expense) income, net | -45 |
| Income (loss) from discontinued operations before taxes | 39,356 |
| Income tax expense | 16 |
| (income) loss from discontinued operations, net of tax | 39,340 |
| Depreciation and amortization, including amortization of debt issuance costs | 268,728 |
| Loss (gain) on early extinguishment or revaluation of liabilities, net | -21,164 |
| Equity-based compensation expense | 11,206 |
| Loss on disposal or impairment of assets, net | -256,322 |
| Change in provision for expected credit losses | 503 |
| Net adjustments to fair value of derivatives | -42,049 |
| Equity in earnings of unconsolidated entities | 201 |
| Distributions of earnings from unconsolidated entities | 108 |
| Lower of cost or net realizable value adjustments | 55 |
| Other | -188 |
| Accounts receivable and affiliates | 80,020 |
| Inventories | 6,678 |
| Other current and noncurrent assets | -10,335 |
| Accounts payable and affiliates | 30,579 |
| Other current and noncurrent liabilities | -25,518 |
| Net cash provided by operating activities-continuing operations | 350,317 |
| Net cash provided by operating activities-discontinued operations | 15,636 |
| Net cash provided by operating activities | 365,953 |
| Capital expenditures | 221,278 |
| Net settlements of derivatives | 24,226 |
| Proceeds from sales of assets | 72,672 |
| Proceeds from divestitures of businesses and investments, net | 88,639 |
| Investments in unconsolidated entities | 0 |
| Distributions of capital from unconsolidated entities | 0 |
| Net cash used in investing activities-continuing operations | -84,193 |
| Net cash provided by investing activities-discontinued operations | 67,709 |
| Net cash used in investing activities | -16,484 |
| Proceeds from borrowings under abl facility | 1,080,000 |
| Payments on abl facility | 1,054,000 |
| Issuance of secured debt | 945,286 |
| Payments on 2024 term loan b | 693,000 |
| Repayment and repurchase of senior notes | 17,274 |
| Proceeds from borrowings on other long-term debt | 0 |
| Payments on other long-term debt | 1,805 |
| Debt issuance costs | 17,955 |
| Contributions from noncontrolling interest owners | 3,574 |
| Distributions to preferred unitholders | 113,486 |
| Distributions to noncontrolling interest owners | 6,580 |
| Warrant repurchases | 0 |
| Class d preferred unit repurchases | 422,502 |
| Common unit repurchases and cancellations | 47,649 |
| Payments to settle contingent consideration liabilities | 155 |
| Net settlements of derivatives | -526 |
| Principal payments of finance lease | 1,593 |
| Net cash used in financing activities | -346,613 |
| Net increase (decrease) in cash and cash equivalents | 2,856 |
| Cash and cash equivalents, beginning of period | 5,649 |
| Cash and cash equivalents, end of period | 8,505 |
NGL Energy Partners LP (NGL-PB)
NGL Energy Partners LP (NGL-PB)