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NGL Energy Partners LP (NYSE:NGL) is included among the 14 Best Infrastructure Stocks to Buy Now.

NGL Energy Partners LP (NYSE:NGL) is a diversified midstream MLP that provides multiple services to producers and end-users, including transportation, storage, blending, and marketing of crude oil, NGLs, refined products/renewables, and water solutions.

NGL Energy Partners LP (NYSE:NGL) announced on April 9 that its Board of Directors had authorized a share repurchase program of up to $100 million. The program allows the company to buy back its outstanding units on a discretionary basis from time to time through open market transactions or privately negotiated transactions at prices it deems appropriate. The authorization does not have a fixed expiration date.

NGL Energy Partners LP (NYSE:NGL) revealed in its last earnings call in February that it had almost fully exhausted its board-approved common unit repurchase plan. The company bought back 1.6 million shares of its common stock during Q3 2026, bringing the total repurchases of its last program to approximately 8.7 million shares since inception. This was equivalent to almost 7% of the NGL’s total outstanding shares at the time.

While we acknowledge the potential of NGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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