Does NGL Energy Partners LP (NGL) Pay a Dividend? (2026)
Last updated July 2026
Short answer
Yes. NGL Energy Partners LP (NGL) pays a dividend yielding about its stated rate as of August 2026. The latest payment on record was $0.10 per share, ex-dividend November 5, 2020.. Figures are approximate and dated; verify the current number with your broker.
Does NGL Energy Partners LP (NGL) pay a dividend?
Yes. NGL Energy Partners LP distributes a dividend yielding roughly its stated rate as of August 2026. The most recent payment on record was $0.10 per share, with an ex-dividend date of November 5, 2020.
Because the trailing twelve months carry a net loss of roughly $132 million and book equity is negative, price-to-earnings and price-to-book are not usable for NGL, and enterprise value to EBITDA does the work instead. At an enterprise value near $6.2 billion against guided fiscal 2027 Adjusted EBITDA of about $730 million, the units trade near 8.5 times, a multiple that sits between traditional crude midstream partnerships and the higher-growth Permian water names. The wide gap between the ~$2.3 billion equity value and the ~$6.2 billion enterprise value is the point to hold onto: most of the capital structure sits ahead of the common units.
NGL dividend at a glance
| 2020-11-05 | $0.1 |
NGL dividend data as of August 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with NGL's investor relations page before relying on it.
Is the NGL dividend covered?
We do not have a payout ratio on record for NGL. The payout ratio, the share of earnings paid out as dividends, is the usual first check on whether a dividend has room to keep growing; you can find it on NGL's investor relations page or in your broker's fundamentals tab.
Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.
What NGL's dividend means for you
- Income: set by the yield, which moves with the share price.
- Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
- Total return: for NGL the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding.
- Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
- If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.
How NGL dividends are taxed
Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates rather than as ordinary income, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.
The bottom line on the NGL dividend
NGL Energy Partners LP (NGL) pays about its stated yield. For the full picture see the NGL guide. Walnut can show how NGL fits your real portfolio. It is not an investment adviser.
Investing in NGL Energy Partners LP with AI
Connect the broker you already use and ask Walnut's AI how NGL fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
Does NGL Energy Partners LP (NGL) pay a dividend?
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Yes. NGL Energy Partners LP pays a dividend yielding roughly its current yield as of August 2026. The most recent payment on record was $0.10 per share with an ex-dividend date of November 5, 2020. Yields move with the share price, so verify the current figure with your broker or NGL's investor relations page before relying on it.
What is NGL's dividend yield?
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About its current yield as of August 2026. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.
How often does NGL pay its dividend?
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NGL Energy Partners LP's payment schedule is in the history table above. The most recent payment on record had an ex-dividend date of November 5, 2020. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on NGL's investor relations page, because boards can change both the amount and the timing.
When is NGL's ex-dividend date?
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The ex-dividend date recorded in our August 2026 data pull is November 5, 2020. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check NGL's investor relations page for the next confirmed date.
Is NGL's dividend safe?
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We do not have a payout ratio on record for NGL. The payout ratio, the share of earnings paid out as dividends, is the usual first check on whether a dividend has room to keep growing; you can find it on NGL's investor relations page or in your broker's fundamentals tab. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.
Are NGL dividends qualified for tax purposes?
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Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.
Should I reinvest NGL dividends?
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Most brokers offer automatic reinvestment (a DRIP) that puts each NGL payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.
Does NGL pay a dividend or distribution?
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No distribution has been paid on the common units since the quarter ended December 31, 2020, when the quarterly payout was suspended. Class B, Class C and Class D preferred units rank ahead of the common, and no common distribution can be declared until preferred obligations are satisfied. Management has said it is keeping the option of reinstatement open for 2027, without committing to a date or an amount.
Walnut is informational, not investment advice. Dividend figures on this page come from a August 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with NGL's investor relations page or your broker before acting on them.