Neuberger Energy Infrastructure & Income Fund Inc. (NML)
The Neuberger Energy Infrastructure and Income Fund Inc. is a closed-end fund of funds, managed by Neuberger Berman Management LLC, with additional co-management provided by Neuberger Berman LLC. This fund primarily directs its investments towards public equity markets, with a specific focus on master limited partnerships (MLPs) and limited liability companies (LLCs). Established on November 16, 2012, and based in the United States, it was formerly recognized under the names Neuberger Berman MLP Income Fund Inc. and Neuberger Berman MLP and Energy Income Fund Inc.
Industry: Asset Management - Income
Neuberger Energy Infrastructure and Income Fund Inc.
NYSE:NMLFinancial Services · Asset Management - Income
-0.29%$10.37
AH Close$10.37+0.00%vs close
AH$10.37+0.00%vs close
Mkt Cap$587.55M
Float56.66M
O/S56.66M
Inst Own36.8%
SI<0.1%
Div Yield7.55%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$54.39M
Net Income$4.64M
Total Assets$768.73M
Free Cash Flow$16.98M
Debt & Equity
Debt 19%
Equity 81%
Total Debt$130.5M
Total Equity$550.47M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NML's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$768.73M
Liabilities$218.27M
Accounts Receivable$628K
Accounts Payable$120K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 | 2013-11-30 |
| Revenue | $54.39M | $172.83M | $7.57M | $28.92M | $128.44M | -$112.79M | -$44.95M | $13.18M | -$11.07M | -$5.65M | -$577.09M | $203.13M | $4.08M |
| YoY Growth | -68.5% | 2182.5% | -73.8% | -77.5% | -213.9% | 150.9% | -441.0% | -219.1% | 96.0% | -99.0% | -384.1% | 4878.7% | - |
| Cost of Revenue | $7.11M | $6.52M | $5.79M | $5.63M | $4.07M | $4.8M | $6.67M | $7.39M | $7.93M | $6.77M | $14.12M | $0 | $10.31M |
| Gross Profit | $47.28M | $172.83M | $1.78M | $23.29M | $124.37M | -$117.58M | -$51.61M | $5.79M | -$19.01M | -$12.42M | -$591.21M | $203.13M | -$6.23M |
| Gross Margin | 86.9% | 100.0% | 23.5% | 80.5% | 96.8% | 104.3% | 114.8% | 43.9% | 171.6% | 219.8% | 102.4% | 100.0% | -152.7% |
| Research and Development | $0 | $0 | $0 | $5 | $28 | $0 | $6 | $0 | -$3 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.55M | $2.28M | $2.23M | $1.99M | $1.6M | $2.85M | $2.36M | $2.6M | $2.75M | $6.65M | $4.43M | $5.07M | $50K |
| Other | $41.78M | $256K | $85K | $19K | $130K | -$149.57M | $15K | $49K | $91K | $1.01M | $418K | $21K | $80K |
| Total Operating Expenses | $44.33M | $2.54M | $2.32M | $2M | $1.74M | -$146.72M | $2.37M | $2.65M | $2.84M | $7.66M | $4.84M | $5.09M | $130K |
| Operating Income (EBIT) | $2.95M | $228.65M | $6.25M | $152.49M | $126.7M | -$147.8M | -$47.32M | $16.32M | -$8.8M | -$7.35M | -$573.93M | $202.02M | -$6.36M |
| Operating Margin | 5.4% | 132.3% | 82.5% | 527.2% | 98.6% | 131.0% | 105.3% | 123.8% | 79.5% | 130.2% | 99.5% | 99.5% | -155.9% |
| Interest Expense | $6.64M | $6.52M | $5.79M | $2.21M | $582K | $1.89M | $5.89M | $5.79M | $5.11M | $5.96M | $8M | $3.98M | $81.06M |
| Interest Income | $100K | $223K | $170K | $21K | $80 | $38K | $214K | $79K | $46K | $24K | $4K | $1K | $0 |
| Other Income (Expense) | -$6.72M | -$6.51M | -$5.84M | -$2.2M | -$600K | -$1.89M | $0 | $0 | $7.93M | $0 | -$8M | $0 | $81.06M |
| Income Before Tax (EBT) | -$3.77M | $222.14M | $413K | $150.28M | $126.7M | -$149.69M | -$47.32M | $10.53M | -$13.91M | -$13.31M | -$581.94M | $198.04M | $74.7M |
| Income Tax Expense | -$8.41M | $51.22M | $1.13M | $0 | $0 | $0 | $0 | -$616K | -$8.8M | -$3.15M | -$117.35M | $72.01M | -$3.07M |
| Net Income | $4.64M | $170.91M | -$712K | $150.28M | $126.7M | -$149.69M | -$47.32M | $11.15M | -$13.91M | -$13.31M | -$464.59M | $126.03M | $77.77M |
| Net Income Margin | 8.5% | 98.9% | -9.4% | 519.6% | 98.6% | 132.7% | 105.3% | 84.6% | 125.7% | 235.6% | 80.5% | 62.0% | 1906.1% |
| Supplementary Data | |||||||||||||
| EPS | 0.08 | 3.02 | -0.01 | 2.65 | 2.24 | -2.64 | -0.84 | 0.20 | -0.25 | -0.24 | -8.22 | 2.23 | 1.38 |
| Diluted EPS | 0.08 | 3.02 | -0.01 | 2.65 | 2.24 | -2.64 | -0.84 | 0.20 | -0.25 | -0.24 | -8.22 | 2.23 | 1.38 |
| Weighted Average OS | 56.66M | 56.66M | 56.66M | 56.66M | 56.66M | 56.66M | 56.66M | 55.74M | 55.66M | 55.47M | 56.52M | 56.52M | 56.52M |
| EBITDA | $2.95M | $228.65M | $6.25M | $152.49M | $126.7M | -$147.8M | -$47.15M | $10.53M | -$13.86M | -$13.29M | -$573.93M | $202.02M | $155.77M |
| EBITDA Margin | 5.4% | 132.3% | 82.5% | 527.2% | 98.6% | 131.0% | 104.9% | 79.9% | 125.2% | 235.2% | 99.5% | 99.5% | 3817.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 | 2013-11-30 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $0 | $2.14M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $60M | $8.37M | $0 |
| Short-Term Investments | $787K | $1.55M | $1.57M | $119K | $0 | $799K | $8.39M | $2.29M | $18.04M | $599K | $0 | $0 | $0 |
| Cash and Short-Term Investments | $787K | $2.14M | $1.57M | $119K | $0 | $799K | $8.39M | $2.29M | $18.04M | $599K | $60M | $8.37M | $0 |
| Accounts Receivable | $628K | $651K | $652K | $841K | $365K | $964K | $252K | $191K | $6M | $616 | $65K | $259K | $2.43M |
| Inventory | $0 | $0 | $0 | $466K | $0 | $964K | $868K | $807K | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$1.41M | -$651K | -$1.57M | -$584K | -$982K | -$2.73M | -$9.26M | -$3.1M | -$24.04M | -$599K | $0 | $0 | $0 |
| Total Current Assets | $1.41M | $2.14M | $652K | $841K | $365K | $0 | $252K | $191K | $6M | $616 | $60.07M | $8.63M | $2.43M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $724.65M | $743.32M | $558.78M | $589.29M | $425.28M | $277.28M | $555.4M | $655.8M | $679.32M | $716.44M | $901.26M | $1.7B | $1.56B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $42.67M | $658K | $5K | $590.13M | $425.28M | $0 | $0 | -$655.8M | -$679.32M | -$716.44M | -$901.26M | -$1.7B | -$1.56B |
| Total Long-Term Assets | $767.32M | $743.97M | $558.78M | $589.29M | $425.28M | $277.28M | $555.4M | $655.8M | $679.32M | $716.44M | $901.26M | $1.7B | $1.56B |
| Other Assets | $768.73M | $795.64M | $5K | $10K | $621K | $278.25M | $626K | $624K | $12K | $1K | $171K | $23K | $16K |
| Total Assets | $768.73M | $746.11M | $559.43M | $590.14M | $426.27M | $278.25M | $556.28M | $656.62M | $685.33M | $716.44M | $961.5M | $1.71B | $1.57B |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $120K | $93K | $67K | $37K | $18K | $19K | $568K | $140K | $2.51M | $881K | $2.07M | $9.36M | $261K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $132K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | -$114K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $1.16M | -$561K | -$459K | $1.09M | -$527K | -$223K | -$476K | $497K | $558K | $490K | $376K | $117.72M | $45.69M |
| Total Current Liabilities | $120K | $93K | $67K | $37K | $18K | $19K | $568K | $1.18M | $3.64M | $1.94M | $3.25M | $128.4M | $47.2M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $130.5M | $107M | $103M | $94.3M | $66.6M | $35.8M | $145M | $161M | $161M | $142.5M | $0 | $0 | $405M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $44.99M | $53.48M | $0 | $1.05M | $0 | $0 | $0 | -$161M | -$161M | -$142.5M | $0 | $0 | -$405M |
| Total Long-Term Liabilities | $175.49M | $160.48M | $103M | $95.35M | $66.6M | $35.8M | $145M | $161M | $161M | $142.5M | $325M | $410M | $405M |
| Other Liabilities | $217.1M | $208.88M | $2.04M | $95.31M | $1.5M | $36.48M | $988K | $0 | $0 | $0 | $0 | $29K | $7K |
| Total Liabilities | $218.27M | $160.57M | $105.1M | $95.39M | $68.12M | $36.48M | $146.56M | $162.18M | $164.64M | $144.44M | $328.25M | $538.43M | $452.21M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $274.86M | $271.57M | $0 | $0 | $0 |
| Common Stock | $725.6M | $732.04M | $732.04M | $734.69M | $735.9M | $746.23M | $764.5M | $801.89M | $808.69M | $846.08M | $894.02M | $964.97M | $1.04B |
| Retained Earnings | -$175.13M | -$146.51M | -$277.71M | -$239.95M | -$377.75M | -$504.46M | -$354.77M | -$307.45M | -$13.14M | -$2.52M | $10.8M | $15.18M | -$3.28M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$274.86M | -$271.57M | $894.02M | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$274.86M | -$271.57M | -$271.57M | $188.63M | $81.06M |
| Total Equity | $550.47M | $585.53M | $454.33M | $494.75M | $358.14M | $241.77M | $409.73M | $494.44M | $520.69M | $572M | $633.24M | $1.17B | $1.11B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $768.73M | $746.11M | $559.43M | $590.14M | $426.27M | $278.25M | $556.28M | $656.62M | $685.33M | $716.44M | $961.5M | $1.71B | $1.57B |
| Supplementary Data | |||||||||||||
| Total Debt | $130.5M | $107M | $103M | $94.3M | $66.6M | $35.8M | $145M | $161M | $161M | $142.5M | $325M | $410M | $405M |
| Net Debt | $130.5M | $104.86M | $103M | $94.3M | $66.6M | $35.8M | $145M | $161M | $161M | $142.5M | $265M | $401.63M | $405M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 | 2013-11-30 |
| Operating Activities | |||||||||||||
| Net Income | $4.64M | $170.91M | -$712K | $150.28M | $126.7M | -$149.69M | -$47.32M | $11.15M | -$13.91M | -$13.31M | -$464.59M | $126.03M | $77.78M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $1.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$117.35M | $0 | $45.3M |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | $24K | $664 | -$186K | $516K | -$17K | -$96K | -$61K | $5.19M | -$6M | $64K | $194K | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$4K | $101K | -$26K | -$697K | $156K | -$254K | -$72K | -$2.39M | $1.63M | -$1.24M | -$7.81M | $0 | $0 |
| Other Working Capital | -$65K | $51.46M | -$103K | $6K | $557K | -$528K | $462K | -$57K | $64K | $266K | -$238K | $0 | $0 |
| Total Working Capital Change | -$45K | $51.46M | -$316K | -$176K | $696K | -$878K | $329K | $2.75M | -$4.3M | -$905K | -$7.85M | $11.37M | -$1.48B |
| Other Non-Cash Items | $12.39M | -$205.56M | $30.93M | -$164.01M | -$148M | $278.12M | $100.4M | $23.52M | $37.12M | $184.82M | $797.29M | -$62.82M | -$82.78M |
| Net Cash from Operating | $16.98M | $16.82M | $31.02M | -$13.9M | -$20.6M | $127.55M | $53.41M | $37.41M | $18.9M | $170.61M | $207.5M | $74.58M | -$1.44B |
| Investing Activities | |||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$176.87M | -$161.96M | -$111.24M | -$133.57M | -$110.72M | -$130.46M | -$180.51M | -$252.99M | -$117.69M | -$300.22M | -$595M | $0 | $0 |
| Sales of Investments | $173.27M | $182.96M | $125.62M | $101.91M | $73.64M | $231.3M | $206.46M | $238.77M | $125.05M | $396.04M | $783.25M | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$3.6M | $21M | $14.38M | -$31.66M | -$37.08M | $100.84M | $25.95M | -$14.22M | $7.36M | $95.82M | $188.26M | $0 | $0 |
| Financing Activities | |||||||||||||
| Debt Repaid | -$23.5M | -$4M | -$8.7M | -$27.7M | -$30.8M | $109.2M | $16M | - | -$18.5M | $182.5M | $85M | -$5M | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.08B |
| Dividends Paid | -$39.7M | -$39.7M | -$39.68M | -$13.67M | -$10.34M | -$18.35M | -$37.41M | -$37.41M | -$37.4M | -$48.11M | -$70.88M | -$71.21M | $0 |
| Other Financing Activities | -$77K | $4K | -$42K | $0 | $0 | $35.8M | $0 | $0 | $0 | $0 | $0 | $0 | $1.44B |
| Net Cash from Financing | -$16.28M | -$35.69M | -$31.02M | $14.03M | $20.46M | -$127.55M | -$53.41M | -$37.41M | -$18.9M | -$230.61M | -$155.88M | -$66.21M | $1.44B |
| Forex Effect | $767K | $16K | $0 | $31.66M | $37.08M | $0 | $0 | $0 | $0 | -$95.82M | -$188.26M | $0 | $0 |
| Net Change in Cash | -$2.14M | $2.14M | $14.38M | $132K | -$132K | $100.84M | $25.95M | -$14.22M | $7.36M | -$60M | $51.63M | $8.37M | $0 |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $16.98M | $37.83M | $31.02M | -$13.9M | -$20.6M | $127.55M | $53.41M | $37.41M | $18.9M | $170.61M | $207.5M | $74.58M | -$1.44B |
| Capital Expenditure | -$3 | $0 | -$3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $16.98M | $37.83M | $31.02M | -$13.9M | -$20.6M | $127.55M | $53.41M | $37.41M | $18.9M | $170.61M | $207.5M | $74.58M | -$1.44B |
| Cash at Beginning | $2.14M | $0 | $0 | -$132K | $100.84M | $25.95M | -$14.22M | $0 | $0 | $60M | $8.37M | $0 | $0 |
| Cash at End | $0 | $2.14M | $14.38M | $0 | -$1.98M | $100.84M | $3.31M | -$14.22M | $7.36M | $0 | $60M | $8.37M | $0 |