NGL · CIK 0001504461 · FY2026 live · 2026-03-31
NGL Energy Partners LP
View as
Model
Z″
FY2026
0.21
Zone
Distress
Prior
—
Market DD
—
1y PD
—
Meridian Rank
51.64
0–100 · Z″ tape · not a PD
Book standing
35
Year change
—
Market PD
—
O-score
96
Events on this name
Same published rows as Today. Not a live recompute.
MARKET PD UNAVAILABLE
watch · 41
- mertonPd: — → —
0.21
Classic Z 0.84
Z″ 0.21 · distress below 1.10, grey to 2.60, safe above.
Z″ factor contributions
X1 Working capital / assets
Short-term liquidity. Carries more weight in Z″ than in classic Z.
0.016.56 × = 0.05X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
0.003.26 × = 0.00X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
0.026.72 × = 0.15X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.
0.001.05 × = 0.00
Five-year path
Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings rather than invent a series.
Overview
rule-v1
NGL Energy Partners LP is on Z″ at 0.21 (distress) for FY2026, from an SEC 10-K. EBIT / assets is the line that sets the print. This is the first live year on the desk. No market tape loaded. Z″ drops sales/assets so asset-light names are not punished for turnover. X4 is book equity on every name.
Book screen Distress; market PD —. Tape not priced — not a single default call.
Market DD · naive Merton
No market tape yet.
Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.
Sector peers
Closest Z″ scores · 23rd percentile in Utilities.
KPI widgets
Current assets
$774M
Total assets
$4.2B
Current liabilities
$739M
Total liabilities
$0
Working capital
$34M
Retained earnings
$0
EBIT
$95M
Total sales
$3.2B
Book equity
$4.2B
Accession 0001504461-26-000012. Live rank is the latest 10-K on EDGAR (FY2026, period 2026-03-31). Z″ is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 13 Sept 2026.