NGL Energy Partners LP income statement
In fiscal 2026, NGL Energy Partners LP reported revenue of $3.16bn, down 9.0% on the year before, operating income of $94.7m (a 3.0% margin) and net income of −$142m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Mar 2012 | 2013Mar 2013 | 2014Mar 2014 | 2015Mar 2015 | 2016Mar 2016 | 2017Mar 2017 | 2018Mar 2018 | 2019Mar 2019 | 2020Mar 2020 | 2021Mar 2021 | 2022Mar 2022 | 2023Mar 2023 | 2024Mar 2024 | 2025Mar 2025 | 2026Mar 2026 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.3 | 4.4 | 9.7 | 16.8 | 11.7 | 12.7 | 16.9 | 24.0 | 7.6 | 5.2 | 7.9 | 5.7 | 4.2 | 3.5 | 3.2 | 3.5 |
| Cost of revenue | 1.2 | 4.0 | 9.1 | 16.0 | 10.8 | 12.2 | 6.3 | 8.0 | 6.6 | 4.5 | 7.1 | 4.7 | 3.2 | 2.5 | 2.2 | 2.5 |
| Gross profit | 0.1 | 0.4 | 0.6 | 0.8 | 0.9 | 0.5 | 10.6 | 16.0 | 1.0 | 0.7 | 0.8 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 |
| General and administrative | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Operating income | 0.0 | 0.1 | 0.1 | 0.1 | −0.1 | 0.2 | 0.2 | 0.1 | −0.0 | −0.4 | 0.1 | 0.2 | 0.2 | 0.3 | 0.1 | 0.1 |
| Interest expense | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| Income before tax | 0.0 | 0.1 | 0.0 | 0.0 | −0.2 | 0.1 | −0.0 | −0.1 | −0.2 | −0.6 | −0.2 | 0.0 | −0.2 | 0.1 | −0.2 | −0.1 |
| Income tax | 0.0 | 0.0 | 0.0 | −0.0 | −0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −0.0 | 0.0 | 0.0 | 0.0 | −0.0 | −0.0 | −0.0 |
| Net income | 0.0 | — | 0.0 | 0.0 | −0.2 | 0.1 | −0.1 | 0.4 | −0.4 | −0.6 | −0.2 | 0.1 | −0.1 | 0.0 | −0.1 | −0.1 |
| Diluted EPS | $0.32 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | 0.0 | 0.2 | 0.2 | 0.3 | 0.1 | 0.4 | 0.4 | 0.3 | 0.3 | −0.1 | 0.4 | 0.5 | 0.4 | 0.6 | 0.4 | 0.4 |
| Quarter | 2025 Q2Sept 2024 | 2025 Q3Dec 2024 | 2025 Q4Mar 2025 | 2026 Q1Jun 2025 | 2026 Q2Sept 2025 | 2026 Q3Dec 2025 | 2026 Q4Mar 2026 | 2027 Q1Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 756 | 982 | 971 | 622 | 675 | 910 | 950 | 990 |
| Cost of revenue | 523 | 735 | 709 | 383 | 421 | 646 | 732 | 684 |
| Gross profit | 234 | 247 | 262 | 239 | 254 | 264 | 217 | 306 |
| General and administrative | 12 | 15 | 13 | 14 | 15 | 16 | 26 | 18 |
| Operating income | 81 | 85 | 81 | 97 | 94 | 110 | −207 | 145 |
| Interest expense | 77 | 63 | 70 | 66 | 65 | 64 | 63 | 67 |
| Income before tax | 8 | 23 | 16 | 30 | 30 | 48 | −287 | 80 |
| Income tax | 0 | −0 | 0 | −0 | −0 | −0 | 0 | −0 |
| Net income | 2 | 14 | 14 | 69 | 29 | 47 | −288 | 79 |
| EBITDA | 147 | 154 | 149 | 167 | 158 | 172 | −140 | 212 |
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