Diligence memo · auto-generated · as of July 2, 2026
NGL Energy Partners LP
NGL Energy Partners LP has raised $915M over 12 rounds; too few niche peers to rank its valuation yet.
Businessfiled
NGL Energy Partners LP operates in Other Energy, based in TULSA.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
NGL Energy Partners LP has raised $915M in disclosed capital across 12 recorded rounds, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $445M on 2012-06-19.
Most recent recorded round closed around 2013-09-01.
Valuation (modeled)modeled
Provath models NGL Energy Partners LP at approximately $81M (range $48M–$145M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 2 months.
Last raise 12.8 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 11.1× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 100% of Other Energy peers (2049 compared).
Modeled value ranks above 80% of those peers.
Closest niche peers: Enbridge Energy Partners Lp, Shaw Copper & Brass Llc.
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.