Risk factors

NGL Energy Partners (NGL) risk factors

Item 1A of every NGL Energy Partners LP 10-K on file, and what changed from one year to the next.

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  • FY2026 10-K risk factors

    68 risks, 1 new, 3 dropped, 8 reworded since the prior year. Artificial intelligence is newly identified as a security, privacy, regulatory, vendor-service and reputational threat.

    Filed May 28, 2026
  • FY2025 10-K risk factors

    70 risks. NGL faces significant leverage with $3.0 billion in long-term debt and strict facility covenants. Operations depend heavily on crude oil production, water disposal regulation, and weather-driven propane demand.

    Filed May 29, 2025