NGL
NGL ENERGY PARTNERS LP
stock NYSE

good call NGL it's up 55% since feb 25 last year...that means if he put that 50k in when you said he would have 75k to 80k

NGL, bought today’s dip 🤞

# Today is Tuesday, the 3rd of February
## Upcoming events for Tuesday, February 3rd
- Stock splits:
- SXTC @ **1:150**
- EDBL @ **1:10**
- Expected earnings:
AAT, ACT, ADM, AFG, AMCR, AMD, AME, AMGN, APAM, APPS, ATI, ATKR, ATO, AUDC, AVNW, AYTU, BALL, BDN, BHE, BR, BRBR, BV, CB, CBT, CHT, CLBK, CLX, CMG, COLM, CPRI, CRUS, CRVL, CSL, CTVA, DOX, EA, EGAN, EGHT, EMR, ENPH, EPD, ETN, FSFG, FUBO, GLXY, GPK, GWW, HIHO, HLNE, HMN, HRB, HTLD, HUBB, IAC, INGR, INNV, INTA, IT, ITW, J, JJSF, JKHY, KREF, KTCC, LITE, LUMN, MATW, MCN, MDLZ, MLAB, MLI, MPC, MPLX, MRCY, MRK, MSGE, MTCH, MUFG, MZTI, NGL, OMC, PEP, PFE, PGC, PJT, PNR, POWL, PRU, PYPL, RES, RITM, RNR, SIMO, SKY, SMCI, SNCY, SONO, SR, SSII, SU, SWKS, TDG, TELO, THFF, THG, TRNS, TRVG, TTWO, UFI, VLTO, VOYA, VRNS, WFRD, WSBF, WTW, XIFR, ZWS
- Ex-div:
AMAL, APOG, BANR, BANX, CCEC, DGICA, DGICB, IBCP, SRCE, TSPY
- Economic events and announcements:
- 3-Month Bill Auction (actual: 3.600%, previous: 3.580%)
- 6-Month Bill Auction (actual: 3.525%, previous: 3.525%)
- Atlanta Fed GDPNow (actual: 4.2%, consensus: 4.2%, previous: 4.2%)
- FOMC Member Bostic Speaks
- ISM Manufacturing Employment (actual: 48.1, consensus: 46.0, previous: 44.8)
- ISM Manufacturing New Orders Index (actual: 57.1, previous: 47.4)
- ISM Manufacturing PMI (actual: 52.6, consensus: 48.5, previous: 47.9)
- ISM Manufacturing Prices (actual: 59.0, consensus: 59.3, previous: 58.5)
- Loan Officer Survey
- S&P Global Manufacturing PMI (actual: 52.4, consensus: 51.9, previous: 51.9)
## Upcoming events for Wednesday, February 4th
- Stock splits:
- CMTNF @ **1:10**
- RVSN @ **1:30**
- Expected earnings:
ABBV, ACB, ADNT, AFL, ALCO, ALGN, ALGT, ALL, AMSC, ARAY, ARCC, ARM, ASGN, ASIC, ATEN, ATS, AVB, AVY, AZTA, BAM, BG, BKH, BLBD, BLFY, BOOT, BSET, BSX, CAI, CCI, CCK, CDW, CENT, CENTA, CLB, CLFD, CME, CMP, CMRE, CNXN, COHR, COR, CPAY, CRNC, CSGS, CTSH, DAY, DGII, DHT, DHX, DLHC, ECBK, EFX, EG, EGP, ELF, ENS, ENSG, EQH, EQNR, ESS, EVR, EZPW, FLEX, FLNC, FMC, FORM, FOX, FOXA, FR, FSV, FTV, FUNC, GBDC, GEG, GEHC, GEOS, GL, GLAD, GOOG, GOOGL, GSK, HI, HP, IEX, ITUB, JCI, KE, KLIC, KMPR, KMT, LEA, LFVN, LLY, LSAK, LTRX, LUCK, MAA, MC, MCK, MCRI, MET, MIAX, MKL, MOD, MTRX, MUSA, MWA, NFBK, NHTC, NOTV, NOV, NTGR, NVO, NVS, NYT, OBT, OCSL, ODFL, OHI, ORLY, PAHC, PFGC, PLUS, PSX, PTC, PTEN, PTRN, QCOM, QGEN, RAL, REXR, REYN, RM, RMR, RRX, RSVR, SAN, SANG, SGU, SITM, SLGN, SNAP, SNEX, SNOA, SRTS, STC, STE, SWK, SYM, TECH, TENB, TKR, TM, TRNO, TROW, TTMI, TWIN, UBER, UBS, UDR, UGI, UHAL, UHAL.B, UNB, UTI, VCTR, VKTX, VSH, VVV, WEX, WNC, WOLF, YUM, YUMC
- Ex-div:
BPRN, KRNY, MCBS, PEBK, PLBC
- Economic events and announcements:
- API Weekly Crude Oil Stock (previous: -0.247M)
- FOMC Member Barkin Speaks
- FOMC Member Bowman Speaks
- IBD/TIPP Economic Optimism (consensus: 47.9, previous: 47.2)
- JOLTS Job Openings (consensus: 7.230M, previous: 7.146M)
- Redbook (previous: 7.1%)
## Upcoming events for Thursday, February 5th
- Stock splits:
- ITXP @ **7:1**
- Expected earnings:
AAMI, AB, ABG, ADPT, AFRM, AGCO, AMG, AMZN, AOSL, ARES, ARW, ARWR, ASYS, ATR, B, BARK, BBVA, BCE, BE, BILL, BLSH, BMY, BTU, BYD, BYRN, CAH, CARR, CCEC, CDP, CI, CLSK, CMI, CMS, CNO, COP, COTY, COUR, CPT, CTLP, CUZ, CX, CZNC, DLR, DOCS, EHC, EL, EMBC, ENR, EQR, ESE, EXPO, FARM, FCFS, FLS, FTNT, G, GEN, GFF, GOLD, GOOS, GPRE, GPRO, GTIM, HAE, HII, HMR, HSY, HUBG, IBEX, ICE, IDCC, IIIV, ILMN, IMKTA, INTR, IQV, IREN, ITT, KIDZ, KKR, KN, KVUE, LADR, LBRX, LESL, LIN, LION, LIVE, LND, LPG, LQDT, LSPD, MAGN, MBCN, MBUU, MCFT, MCHP, MDU, MGY, MITK, MMS, MOFG, MOH, MPWR, MRP, MSGS, MSTR, MT, MTD, MTSI, NATH, NEWP, NGVC, NKSH, NSIT, NTCT, NVST, NWS, NWSA, OESX, OMCL, OMF, OTEX, OWL, PATK, PBH, PCTY, PECO, PI, PINE, POST, POWI, PTON, QLYS, QNST, RAMP, RAVE, RBC, RBLX, RDDT, REG, RGA, RGS, RL, ROAD, ROK, RZC, SCSC, SENEA, SENEB, SHEL, SIRI, SLQT, SNA, SPB, SPH, SRCE, SSNC, STEP, STRT, SYNA, TEAM, THR, TPR, TRI, TW, UDMY, ULH, UNM, USAR, VRSN, VSAT, VTR, WEC, WERN, WMG, WMS, WW, XEL, XPO, ZBAI
- Ex-div:
BMRC, FELE, HTBK, NBBK, NWBI, ONBPO, ONBPP, OPBK, WTFC
- Economic events and announcements:
- ADP Nonfarm Employment Change (consensus: 46K, previous: 41K)
- Crude Oil Imports (previous: -1.706M)
- Crude Oil Inventories (previous: -2.295M)
- Cushing Crude Oil Inventories (previous: -0.278M)
- Distillate Fuel Production (previous: -0.268M)
- EIA Refinery Crude Runs (previous: -0.395M)
- EIA Weekly Distillates Stocks (previous: 0.329M)
- EIA Weekly Refinery Utilization Rates (previous: -2.4%)
- Fed Governor Cook Speaks
- Gasoline Inventories (previous: 0.223M)
- Gasoline Production (previous: 0.791M)
- Heating Oil Stockpiles (previous: 0.026M)
- ISM Non-Manufacturing Business Activity (previous: 56.0)
- ISM Non-Manufacturing Employment (previous: 52.0)
- ISM Non-Manufacturing New Orders (previous: 57.9)
- ISM Non-Manufacturing PMI (consensus: 53.5, previous: 54.4)
- ISM Non-Manufacturing Prices (previous: 64.3)
- MBA 30-Year Mortgage Rate (previous: 6.24%)
- MBA Mortgage Applications (previous: -8.5%)
- MBA Purchase Index (previous: 193.3)
- Mortgage Market Index (previous: 363.3)
- Mortgage Refinance Index (previous: 1,332.2)
- S&P Global Composite PMI (consensus: 52.8, previous: 52.7)
- S&P Global Services PMI (consensus: 52.5, previous: 52.5)
- Total Vehicle Sales (consensus: 15.50M, previous: 16.00M)
## Upcoming events for Friday, February 6th
- Expected earnings:
AER, AMST, AN, BBD, BBDO, BIIB, CBOE, CGC, CNC, EAF, FRD, FRHC, GHM, GRC, IMVT, IRS, ISPR, ITRM, JOUT, MKTX, MPX, MXC, NB, NEOV, NVT, NWL, PAA, PAGP, PFX, PIPR, PM, PRLB, PWP, ROIV, RXO, UA, UAA, UBCP, UI, ULCC, VRTS, WTM
- Ex-div:
ARLP, CFFN, CWBC, CZWI, DCOMP, FRAF, FRBA, FSBW, HOPE, JBHT, MMLP, MPB, PKOH, RELL, TECTP, WFRD
- Economic events and announcements:
- 4-Week Bill Auction (previous: 3.630%)
- 8-Week Bill Auction (previous: 3.635%)
- Challenger Job Cuts (previous: -8.3%)
- Challenger Job Cuts (previous: 35.553K)
- Continuing Jobless Claims (previous: 1,827K)
- FOMC Member Bostic Speaks
- Fed's Balance Sheet (previous: 6,588B)
- Initial Jobless Claims (consensus: 213K, previous: 209K)
- Jobless Claims 4-Week Avg. (previous: 206.25K)
- Natural Gas Storage (previous: -242B)
- Reserve Balances with Federal Reserve Banks (previous: 2.883T)
^^^^2026-02-03

That's kinda sad NGL.

I’ve been diving deep into the midstream sector lately because the tech volatility is getting a bit much for my stomach, and I just wrapped up a deep dive research piece on ONEOK that I wanted to share with you guys. The general sentiment seems to be that they are moving from a chaotic acquisition phase into what I call "harvest mode," and the numbers look surprisingly solid.
The basic idea here is pretty simple. ONEOK isn't trying to bet on the price of oil or gas going to the moon. Instead, they are the toll road. They’ve spent the last few years buying up massive assets like Magellan and EnLink to build this "wellhead-to-burner-tip" network. Now that the buying spree is mostly over, the story is shifting entirely to integration and squeezing as much free cash flow out of these assets as possible. In my report, I describe it as a "Midstream Machine" and honestly, the description fits because they are basically turning the friction of moving energy into predictable cash.
What stands out to me is the moat. In tech, a moat is usually IP or network effects, but here it’s just physical reality. You simply cannot just go out and build a new pipeline network today without dealing with a nightmare of permits and regulations. That scarcity makes their existing infrastructure incredibly valuable. They have about 90% of their earnings coming from fee-based structures, so they don’t really care if gas prices crash, as long as the volume keeps flowing.
There is also a fascinating macro angle here that I think the market is missing, specifically involving Venezuela. If you look at the global energy map, Venezuela sits on massive heavy crude reserves but they desperately need diluents like NGLs to actually move that sludge through pipelines. ONEOK is a massive player in the NGL chain with direct access to export hubs. If the geopolitical situation shifts and trade flows open up further, the demand for US NGLs to blend with Venezuelan crude could be a massive, unpriced catalyst for their export volumes. It’s an asymmetric bet on global energy logistics that adds some spice to a boring utility play.
The financial roadmap is where it gets interesting for shareholders. They are laser-focused on deleveraging right now, aiming to get their debt down to about 3.5x EBITDA. Once that balance sheet is cleaned up, the free cash flow per share is projected to ramp up significantly over the next few years. We are talking about potentially going from under six bucks a share in FCF next year to over nine bucks by the early 2030s. That leaves a lot of room for dividend growth and eventually some serious share buybacks.
I published the full breakdown on my Substack, The Valuation Framework. If you enjoyed this summary and want to see the detailed valuation models or catch my future reports, I’d love for you to subscribe and check it out.

# Today is Monday, the 2nd of February
## Upcoming events for Monday, February 2nd
- Stock splits:
- AREB @ **1:20**
- ATOS @ **1:15**
- BOTY @ **1:10000**
- RMIOF @ **1:10**
- PBM @ **1:6**
- RBGLY @ **24:25**
- Expected earnings:
APTV, ARLP, ASH, BAOS, BSRR, BYFC, CSWC, DIS, DOC, DVA, FATN, FLXS, FN, HESM, IDXX, KFRC, MFG, MTG, NJR, NRC, NSSC, NXPI, PCH, PLTR, RHLD, RMBS, RVTY, SPG, TER, TSN, TWO, TWST, USLM, VWAV, WWD
- Ex-div:
AMUN, ANGL, ASRV, BALQ, BCLO, BEDY, BGRN, BKMI, BKMS, BMOP, BND, BNDP, BNDW, BNDX, BREM, BRHY, BRTR, CA, CAIQ, CALI, CANQ, CLOA, CPLS, CZNC, DMLP, EFSI, EGBN, EMB, EWBC, EYEG, FALN, FSBC, GGAL, GNMA, GPIQ, GPIX, GPRF, HFBL, HYXF, IBGA, IBGB, IBGK, IBGL, IBTG, IBTH, IBTI, IBTJ, IBTK, IBTL, IBTM, IBTO, IBTP, IBTQ, IEF, IEI, IGIB, IGSB, IQQQ, ISTB, IUSB, JEPQ, LSBK, LYTS, MBB, MYCF, MYCG, MYCH, MYCI, MYCJ, MYCK, MYCL, MYCM, MYCN, MYCO, MYMF, MYMG, MYMH, MYMI, MYMJ, MYMK, NCPB, NPFI, NUSB, NVEC, OCFC, OVLY, OZKAP, PCMM, PEBO, PFF, QQQT, SHV, SHY, SKOR, SLQD, SPFI, SUSB, SUSC, TAXI, TAXS, TAXT, TLT, USFI, USIG, VBIL, VCIT, VCLT, VCRB, VCSH, VGIT, VGLT, VGSH, VGUS, VMBS, VPLS, VTC, VWOB, WABC, WABF, YBST, YBTY, YLDE
- Economic events and announcements:
- OPEC Meeting
## Upcoming events for Tuesday, February 3rd
- Stock splits:
- SXTC @ **1:150**
- EDBL @ **1:10**
- Expected earnings:
AAT, ACT, ADM, AFG, AMCR, AMD, AME, AMGN, APAM, APPS, ATI, ATKR, ATO, AUDC, AVNW, AYTU, BALL, BDN, BHE, BR, BRBR, BV, CB, CBT, CHT, CLBK, CLX, CMG, COLM, CPRI, CRUS, CRVL, CSL, CTVA, CVRX, DOX, EA, EGAN, EGHT, EMR, ENPH, EPD, ETN, FSFG, FUBO, GLXY, GPK, GWW, HIHO, HLNE, HMN, HRB, HTLD, HUBB, IAC, INGR, INNV, INTA, IT, ITW, J, JJSF, JKHY, KREF, KTCC, LITE, LUMN, MATW, MCBS, MCN, MDLZ, MLAB, MLI, MPC, MPLX, MRCY, MRK, MSGE, MSGS, MTCH, MUFG, MZTI, NGL, OMC, PEP, PFE, PGC, PJT, PNR, POWL, PRU, PYPL, RES, RITM, RNR, SIMO, SKY, SMCI, SNCY, SONO, SR, SSII, SU, SWKS, TDG, TELO, THFF, THG, TRNS, TRVG, TTWO, UFI, VLTO, VOYA, VRNS, WFRD, WSBF, WTW, XIFR, ZWS
- Ex-div:
AMAL, APOG, BANR, BANX, CCEC, DGICA, DGICB, IBCP, SRCE
- Economic events and announcements:
- 3-Month Bill Auction (previous: 3.580%)
- 6-Month Bill Auction (previous: 3.525%)
- Atlanta Fed GDPNow (consensus: 4.2%, previous: 4.2%)
- FOMC Member Bostic Speaks
- ISM Manufacturing Employment (previous: 44.9)
- ISM Manufacturing New Orders Index (previous: 47.7)
- ISM Manufacturing PMI (consensus: 48.5, previous: 47.9)
- ISM Manufacturing Prices (consensus: 59.3, previous: 58.5)
- Loan Officer Survey
- S&P Global Manufacturing PMI (consensus: 51.9, previous: 51.8)
## Upcoming events for Wednesday, February 4th
- Expected earnings:
ABBV, ACB, ADNT, AFL, ALCO, ALGN, ALGT, ALL, AMSC, ARAY, ARCC, ARM, ASGN, ATEN, ATS, AVB, AVY, AZTA, BAM, BG, BKH, BLBD, BLFY, BOOT, BSET, BSX, CAI, CCI, CCK, CDW, CENT, CENTA, CLB, CLFD, CME, CMP, CMRE, CNXN, COHR, COR, CPAY, CRNC, CSGS, CTSH, DAY, DGII, DHT, DHX, DLHC, ECBK, EFX, EG, EGP, ELF, ENS, ENSG, EQH, EQNR, ESS, EVR, EZPW, FLEX, FLNC, FMC, FORM, FOX, FOXA, FR, FSV, FTV, FUNC, GBDC, GEG, GEHC, GEOS, GFF, GL, GLAD, GOOG, GOOGL, GSK, HI, HP, IEX, ITUB, JCI, KE, KLIC, KMPR, KMT, LEA, LFVN, LLY, LSAK, LTRX, LUCK, MAA, MC, MCK, MCRI, MET, MIAX, MKL, MOD, MTRX, MUSA, MWA, NHTC, NOTV, NOV, NTGR, NVO, NVS, NYT, OBT, OCSL, ODFL, OHI, ORLY, PAHC, PFGC, PLUS, PSX, PTC, PTEN, PTRN, QCOM, QGEN, RAL, REXR, REYN, RM, RMR, RRX, RSVR, SAFE, SAN, SANG, SGU, SITM, SLDE, SLGN, SMA, SMFG, SNAP, SNEX, SNOA, SRTS, STC, STE, SWK, SYM, TECH, TENB, TKR, TM, TRNO, TROW, TTMI, TWIN, UBER, UBS, UDR, UGI, UHAL, UHAL.B, UNB, UTI, VCTR, VKTX, VSH, VVV, WEX, WNC, WOLF, YUM, YUMC
- Ex-div:
BPRN, KRNY, MCBS, PEBK, PLBC
- Economic events and announcements:
- API Weekly Crude Oil Stock (previous: -0.247M)
- FOMC Member Barkin Speaks
- FOMC Member Bowman Speaks
- IBD/TIPP Economic Optimism (consensus: 47.9, previous: 47.2)
- JOLTS Job Openings (consensus: 7.210M, previous: 7.146M)
- Redbook (previous: 7.1%)
## Upcoming events for Thursday, February 5th
- Stock splits:
- ITXP @ **7:1**
- Expected earnings:
AAMI, AB, ABG, ADPT, AFRM, AGCO, AMG, AMZN, AOSL, ARES, ARW, ARWR, ASYS, ATR, B, BARK, BBVA, BCE, BE, BILL, BLSH, BMY, BTU, BYD, BYRN, CAH, CARR, CCEC, CDP, CI, CLSK, CMI, CMS, CNO, COP, COTY, COUR, CPT, CTLP, CUZ, CX, CZNC, DAR, DLR, DOCS, EHC, EL, EMBC, ENR, EQR, ESE, EXPO, FARM, FBIN, FCFS, FLS, FTNT, G, GEN, GOLD, GOOS, GPRE, GPRO, GTIM, HAE, HII, HMR, HSY, HUBG, IBEX, ICE, IDCC, IIIV, ILMN, IMKTA, INTR, IQV, IREN, ITT, KIDZ, KKR, KN, KVUE, LADR, LBRX, LEE, LESL, LEU, LIN, LION, LIVE, LND, LQDT, LSPD, MAGN, MBCN, MBUU, MCFT, MCHP, MDU, MGY, MITK, MMS, MOFG, MOH, MPWR, MRP, MSTR, MT, MTD, MTSI, NATH, NEWP, NGVC, NKSH, NSIT, NTCT, NVST, NWS, NWSA, OESX, OMCL, OMF, OTEX, OWL, PATK, PBH, PCTY, PECO, PFIS, PI, PINE, POST, POWI, PTON, QLYS, QNST, RAMP, RAVE, RBC, RBLX, RDDT, REG, RGA, RGS, RL, ROAD, ROK, RZC, SCSC, SENEA, SENEB, SHEL, SIRI, SLQT, SNA, SPB, SPH, SRCE, SSNC, STEP, STRT, SYNA, TEAM, THR, TPR, TRI, TW, UDMY, ULH, UNM, USAR, VRSN, VSAT, VTR, WEC, WERN, WMG, WMS, WW, XEL, XPO, ZBAI
- Ex-div:
BMRC, FELE, HTBK, NBBK, NWBI, ONBPO, ONBPP, OPBK, WTFC
- Economic events and announcements:
- ADP Nonfarm Employment Change (consensus: 48K, previous: 41K)
- Crude Oil Imports (previous: -1.706M)
- Crude Oil Inventories (previous: -2.295M)
- Cushing Crude Oil Inventories (previous: -0.278M)
- Distillate Fuel Production (previous: -0.268M)
- EIA Refinery Crude Runs (previous: -0.395M)
- EIA Weekly Distillates Stocks (previous: 0.329M)
- EIA Weekly Refinery Utilization Rates (previous: -2.4%)
- Fed Governor Cook Speaks
- Gasoline Inventories (previous: 0.223M)
- Gasoline Production (previous: 0.791M)
- Heating Oil Stockpiles (previous: 0.026M)
- ISM Non-Manufacturing Business Activity (previous: 55.2)
- ISM Non-Manufacturing Employment (previous: 51.7)
- ISM Non-Manufacturing New Orders (previous: 56.5)
- ISM Non-Manufacturing PMI (consensus: 53.8, previous: 53.8)
- ISM Non-Manufacturing Prices (previous: 65.1)
- MBA 30-Year Mortgage Rate (previous: 6.24%)
- MBA Mortgage Applications (previous: -8.5%)
- MBA Purchase Index (previous: 193.3)
- Mortgage Market Index (previous: 363.3)
- Mortgage Refinance Index (previous: 1,332.2)
- S&P Global Composite PMI (consensus: 52.8, previous: 52.8)
- S&P Global Services PMI (consensus: 52.5, previous: 52.5)
- Total Vehicle Sales (consensus: 15.50M, previous: 16.00M)
^^^^2026-02-02

I think the trajectory they are going with is collectibles. TCGs, Power Packs, gaming merch, I am on board with the hype around ebay. LC's been hinting at it. But NGL it would be cool if GameStop buys a developer, I still have an UBI account!