NGL Energy Partners (NGL-PB) Operating Margin (2010 - 2026)
NGL Energy Partners (NGL-PB) posted Operating Margin of 21.76% for Q1 2026, down 280.56% on a QoQ basis from 12.05% in Q4 2025, and down 3011.0% year-over-year from 0.75% in Q1 2025.
NGL Energy Partners (NGL-PB) Operating Margin (2010 - 2026) Analysis & Trends
NGL Energy Partners (NGL-PB) has reported Operating Margin for 17 consecutive years, with 21.76% the latest figure, recorded in Q1 2026.
- Operating Margin for Q1 2026 came in at 21.76%, down 3011.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 3.0% (down 649.0% YoY), and the FY2026 annual result was 3.0%, down 649.0% from the prior year.
- Operating Margin was 21.76% for Q1 2026 at NGL Energy Partners, down from 12.05% in the prior quarter.
- Over five years, Operating Margin peaked at 15.66% in Q2 2025 and troughed at 21.76% in Q1 2026.
- A 5-year average of 5.22% and a median of 8.35% in 2025 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2025 — Operating Margin jumped 1778 bps — and 2026, when it plunged 3011 bps.
- Year by year, Operating Margin stood at 4.8% in 2022, then soared by 77 bps to 8.52% in 2023, then climbed by 1 bps to 8.62% in 2024, then soared by 40 bps to 12.05% in 2025, then plunged by 281 bps to 21.76% in 2026.
- Per Business Quant, the three latest NGL-PB Operating Margin figures stand at 21.76% (Q1 2026), 12.05% (Q4 2025), and 13.97% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 14.43% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 29.91% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 13.17% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 10.74% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 20.68% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 39.96% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 14.85% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 10.03% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 25.03% |
| 10 | NGL Energy Partners | - | - | 217.25 Mn | -21.76% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -21.76% |
| Dec 31, 2025 | 12.05% |
| Sep 30, 2025 | 13.97% |
| Jun 30, 2025 | 15.66% |
| Mar 31, 2025 | 8.35% |
| Dec 31, 2024 | 8.62% |
| Sep 30, 2024 | 10.77% |
| Jun 30, 2024 | 10.81% |
| Mar 31, 2024 | -9.42% |
| Dec 31, 2023 | 8.52% |
| Sep 30, 2023 | 8.54% |
| Jun 30, 2023 | 7.90% |
| Mar 31, 2023 | 1.52% |
| Dec 31, 2022 | 4.80% |
| Sep 30, 2022 | 3.42% |
| Jun 30, 2022 | 3.49% |
| Mar 31, 2022 | 1.52% |
| Dec 31, 2021 | 2.26% |
| Sep 30, 2021 | 3.70% |
| Jun 30, 2021 | -4.66% |