NGL Energy Partners LP (NGL) Stock Forecast and Price Target (2026)
Last updated July 2026
Short answer
There is no meaningful analyst consensus for NGL Energy Partners LP (NGL): too few analysts publish estimates on it for an average target to mean anything. That is normal for smaller and newer companies and says nothing about the business. What is left is the setup, the drivers and the risks below, which you assess yourself rather than starting from someone else's model. Walnut is not an investment adviser.
Why NGL has no consensus price target
Sell-side coverage follows trading volume and banking relationships, so smaller companies, recent listings, and names outside the major indices often carry little or none. That is the situation with NGL. It says nothing about the quality of the business, but it does mean there is no informed average to anchor to, and that any single target you find elsewhere is one analyst's model rather than a consensus.
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.
What could move NGL from here
In short: the drivers cited most often are Permian produced-water volumes under long contracts, Raised fiscal 2027 guidance and growth spending, Debt reduction and the Class D preferred runoff. The risk cited most often against it is financial risk dominates here: long-term debt sits near $3.3 billion against about $5 million of cash, interest expense ran roughly $257 million in fiscal 2026, and total partners' capital is a deficit of about $237 million, meaning book equity is negative.
Both sides are worked through properly, with the high and low targets used as the bull and bear anchors, on the NGL is it a buy page. This page deliberately stops at the numbers.
Investing in NGL Energy Partners LP with AI
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FAQ
What is the price target for NGL Energy Partners LP (NGL)?
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There is no meaningful consensus price target for NGL, because too few analysts publish on it. That is common for smaller and newer companies. Where only one or two analysts cover a stock, an "average target" is really one person's model, so we do not print a number that would imply more agreement than exists. Check your broker's research tab for whatever individual coverage exists.
Why does NGL have no analyst forecast?
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Sell-side coverage follows trading volume and banking relationships, so small caps, recent listings, and companies outside the major indices often carry little or none. A lack of coverage says nothing about the business itself. It does mean you are doing the analysis yourself rather than starting from someone else's model.
What could move NGL?
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The drivers and the risks are laid out on this page and in more depth on the NGL "is it a buy" page. Without analyst estimates to anchor to, the honest framing is scenarios rather than a number.
Walnut is informational, not investment advice, and does not publish price targets of its own. The analyst figures on this page come from a August 2026 data pull of published third-party research, are approximate, and change constantly. Verify current figures with your broker before acting on them.