NGL Energy Partners LP (NGL) Income Statement
NGL FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsNGL revenue and net income
Where NGL's revenue goes
FY2026Each bar shows an amount and its share of revenue. NGL kept −5.7% of revenue as net income.
NGL profit margins
NGL growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −9.0% | −17.8% | −9.6% | −12.3% |
| Gross profit | +5.6% | +1.4% | +0.4% | +1.0% |
| Operating income | +16.7% | +16.4% | — | — |
| Net income | −557.7% | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NGL quarterly EPS vs estimates
NGL Energy Partners beat the analyst EPS estimate in 1 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.22).
NGL income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.16B | $3.47B | $4.15B | $5.68B | $7.95B | $5.23B | $7.58B | $8.69B | $16.91B | $13.02B |
| Cost of revenue | $2.41B | $2.76B | $3.45B | $4.96B | $7.43B | $4.49B | $6.87B | $8.20B | $16.62B | $12.55B |
| Gross profit | $747.2M | $707.4M | $701.8M | $716.5M | $519.9M | $733.2M | $714.3M | $494.1M | $285.6M | $477.1M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $362.7M | $55.6M | $426.8M | $71.5M | $63.5M | $325.0M | $113.7M | $107.4M | $98.1M | $116.6M |
| Total operating expenses | $362.7M | $378.0M | $539.8M | $472.5M | $436.8M | $1.12B | $717.6M | $333.1M | $319.9M | $431.2M |
| Operating income | $384.5M | $329.4M | $161.9M | $244.0M | $83.0M | −$390.8M | −$3.3M | $126.7M | −$17.2M | $255.1M |
| Interest income | — | $269.4M | $260.1M | $266.5M | $265.5M | $191.3M | $1.5M | $5.2M | $7.6M | $8.6M |
| Interest expense | $254.2M | $280.1M | $254.6M | $258.7M | $254.7M | $198.8M | $181.2M | $164.7M | $199.1M | $150.5M |
| Income before taxes | −$178.8M | $60.1M | −$156.3M | $9.3M | −$183.1M | −$640.8M | −$180.2M | −$78.2M | −$225.0M | $145.8M |
| Income taxes | −$276,000 | −$4.9M | $1.5M | $219,000 | $971,000 | −$3.4M | $345,000 | $1.2M | $1.4M | $1.9M |
| Net income | −$180.2M | $39.4M | −$143.8M | $51.4M | −$184.8M | −$639.8M | −$397.0M | $360.0M | −$70.9M | $137.0M |
| EBITDA | $344.1M | $595.0M | $364.5M | $558.1M | $377.8M | $408.5M | $266.9M | $308.2M | $194.1M | $526.3M |
| EPS (diluted) | −$0.86 | −$0.59 | −$2.13 | −$0.82 | −$1.36 | −$2.77 | −$0.93 | −$0.06 | −$0.13 | −$0.45 |
| Gross margin | 23.7% | 20.4% | 16.9% | 12.6% | 6.5% | 14.0% | 9.4% | 5.7% | 1.7% | 3.7% |
| Operating margin | 12.2% | 9.5% | 3.9% | 4.3% | 1.0% | −7.5% | −0.0% | 1.5% | −0.1% | 2.0% |
| Net margin | −5.7% | 1.1% | −3.5% | 0.9% | −2.3% | −12.2% | −5.2% | 4.1% | −0.4% | 1.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $990.0M | $949.5M | $909.8M | $674.7M | $622.2M | $971.1M | $1.55B | $1.35B | $759.2M | $1.55B | $1.35B | $759.2M |
| Cost of revenue | $684.4M | $759.5M | $715.1M | $485.0M | $449.4M | $773.0M | $1.38B | $1.18B | $601.5M | $1.38B | $1.18B | $601.5M |
| Gross profit | $305.6M | $190.0M | $194.7M | $189.7M | $172.8M | $198.1M | $172.8M | $169.5M | $157.8M | $172.8M | $169.5M | $157.8M |
| Sales, general & admin | $17.6M | $318.7M | $15.6M | $14.7M | $13.7M | $13.3M | $15.1M | $90.3M | $15.0M | $15.1M | $12.2M | $15.0M |
| Total operating expenses | $160.3M | $106.4M | $85.6M | $95.4M | $75.3M | $89.1M | $97.3M | $91.8M | $75.7M | $97.3M | $91.8M | $75.7M |
| Operating income | $145.3M | $83.6M | $109.1M | $94.3M | $97.5M | $108.9M | $75.5M | $77.7M | $82.1M | $75.5M | $77.7M | $82.1M |
| Interest income | — | — | $199,000 | $63.6M | $64.2M | — | $60.6M | $74.9M | $68.5M | — | — | — |
| Interest expense | $67.1M | $62.9M | $62.9M | $64.2M | $64.2M | $67.7M | $67.7M | $68.5M | $67.2M | $95.7M | $57.2M | $58.6M |
| Income before taxes | $79.7M | −$286.7M | $48.1M | $29.8M | $30.1M | $16.2M | $14.3M | $3.7M | $12.8M | $14.3M | $3.7M | $12.8M |
| Income taxes | −$299,000 | $86,000 | −$119,000 | −$61,000 | −$182,000 | $13,000 | −$273,000 | $278,000 | −$4.8M | −$273,000 | $278,000 | −$4.8M |
| Net income | $78.7M | −$325.6M | $47.2M | $29.3M | $68.9M | $13.7M | $13.5M | $2.5M | $9.7M | $13.5M | $2.5M | $9.7M |
| EBITDA | $210.5M | $156.3M | $174.4M | $155.6M | $158.5M | $150.8M | $148.5M | $134.1M | $145.2M | $148.4M | $137.8M | $145.6M |
| EPS (diluted) | $0.17 | −$0.71 | $0.10 | $0.02 | −$0.27 | −$0.12 | −$0.12 | −$0.21 | −$0.14 | −$2.05 | $0.08 | −$0.05 |
| Gross margin | 30.9% | 20.0% | 21.4% | 28.1% | 27.8% | 20.4% | 11.2% | 12.5% | 20.8% | 11.2% | 12.5% | 20.8% |
| Operating margin | 14.7% | 8.8% | 12.0% | 14.0% | 15.7% | 11.2% | 4.9% | 5.7% | 10.8% | 4.9% | 5.7% | 10.8% |
| Net margin | 8.0% | −34.3% | 5.2% | 4.3% | 11.1% | 1.4% | 0.9% | 0.2% | 1.3% | 0.9% | 0.2% | 1.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NGL's financial statements (latest annual report filed May 28, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NGL financial results
In fiscal year 2026 (ended March 31, 2026), NGL Energy Partners reported revenue of $3.2 billion, down 9.0% from the year before. It had a net loss of $180.2 million, a net profit margin of −5.7%. Diluted earnings per share came to −$0.86. Over five years revenue grew at an average rate of −9.6% a year.
See the NGL stock overview for the latest quote and news, or the NGL chart for price history and technical indicators.
NGL income statement FAQ
What is NGL Energy Partners's annual revenue?
NGL Energy Partners reported total revenue of $3.2 billion for fiscal year 2026, which ended on March 31, 2026. That was down 9.0% from $3.5 billion the previous year.
Is NGL Energy Partners profitable?
No. NGL Energy Partners reported a net loss of $180.2 million in fiscal 2026, a net profit margin of −5.7%; its operating margin was 12.2%.
What is NGL Energy Partners's gross margin?
NGL Energy Partners's gross margin was 23.7% in fiscal 2026: for every $100 of revenue, NGL Energy Partners kept $24 after the direct cost of its products and services.
How fast is NGL Energy Partners growing?
Revenue grew −9.6% a year on average over the last five fiscal years, from $5.2 billion to $3.2 billion.
What are NGL Energy Partners's earnings per share?
NGL Energy Partners earned $-0.86 per diluted share in fiscal 2026, compared with $-0.59 a year earlier.
When will NGL Energy Partners report its next earnings?
NGL Energy Partners is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does NGL Energy Partners's fiscal year end?
NGL Energy Partners's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 28, 2026.