NGL Energy Partners LP (NGL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 28, 2026

Risk Assessment Details

Potential Dilution: 20.43% of current shares
Recent Dilution: 0% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
120M
Potential Supply
26M
Additional shares possible
Splits
None
Past 2 years

Summary

NGL currently has 125M outstanding shares. with moderate dilution risk from 25.5M authorized shares representing 20.4% potential dilution. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 28, 2026

10-K filing | 124.8M shares outstanding

120M 26M
Nov 04, 2025

10-Q filing | 125.7M shares outstanding

130M 26M
Aug 07, 2025

10-Q filing | 127.8M shares outstanding

130M 26M
May 29, 2025

10-K filing | 132.0M shares outstanding

130M 26M
Feb 10, 2025

10-Q filing | 132.0M shares outstanding

130M 26M
Nov 12, 2024

10-Q filing | 132.0M shares outstanding

130M 26M
Aug 08, 2024

10-Q filing | 132.5M shares outstanding

130M 26M
Jun 06, 2024

10-K filing | 132.5M shares outstanding

130M 26M
Feb 08, 2024

10-Q filing | 132.5M shares outstanding

130M 26M
Nov 09, 2023

10-Q filing | 131.9M shares outstanding

130M 26M
Aug 09, 2023

10-Q filing | 131.9M shares outstanding

130M 26M
May 31, 2023

10-K filing | 131.9M shares outstanding

130M 26M
Feb 09, 2023

10-Q filing | 131.3M shares outstanding

130M 26M
Nov 09, 2022

10-Q filing | 130.7M shares outstanding

130M 26M
Aug 09, 2022

10-Q filing | 130.7M shares outstanding

130M 26M
Jun 06, 2022

10-K filing | 130.7M shares outstanding

130M 26M
Feb 09, 2022

10-Q filing | 130.0M shares outstanding

130M 26M
Nov 09, 2021

10-Q filing | 129.6M shares outstanding

130M 26M
Aug 09, 2021

10-Q filing | 129.6M shares outstanding

130M 26M
Jun 03, 2021

10-K filing | 129.6M shares outstanding

130M 26M
Feb 09, 2021

10-Q filing | 129.2M shares outstanding

130M 26M
Nov 09, 2020

10-Q filing | 128.8M shares outstanding

130M 26M
Aug 10, 2020

10-Q filing | 128.8M shares outstanding

130M 26M
Jun 01, 2020

10-K filing | 128.8M shares outstanding

130M 26M
Feb 06, 2020

10-Q filing | 128.3M shares outstanding

130M 26M
Jan 23, 2020

S-3/A filing: NGL Energy Partners LP is offering 600,000 Class D Preferred Units and 25,500,000 common units representing limited partner interests by selling unitholders.

N/A 26M
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