NGL Energy Partners (NGL-PC) Operating Expenses (2010 - 2026)
NGL Energy Partners (NGL-PC) reported Operating Expenses of $78.7 million for Q1 2026, up 3.99% on a YoY basis from $75.7 million in Q1 2025, and up 12.3% quarter-over-quarter from $70.1 million in Q4 2025.
NGL Energy Partners (NGL-PC) Operating Expenses (2010 - 2026) Analysis & Trends
NGL Energy Partners has reported Operating Expenses for 17 years, with the latest figure at $78.7 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 3.99% year-over-year to $78.7 million; the trailing twelve-month figure through Mar 2026 stood at $293.6 million (down 1.38% YoY), and the FY2026 full-year result was $293.6 million, down 1.38% from the prior year.
- Operating Expenses for Q1 2026 stood at $78.7 million, up from $70.1 million in the prior quarter.
- The five-year high for Operating Expenses was $84.2 million in Q3 2022, with the low at $66.4 million in Q1 2024.
- Historically, Operating Expenses has averaged $74.9 million across 5 years, with a median of $75.7 million in 2025.
- Annual changes were most pronounced in 2022 — Operating Expenses rose 21.93% — and 2023, when it fell 13.74%.
- NGL Energy Partners' Operating Expenses stood at $81.4 million in 2022, then retreated by 2.75% to $79.1 million in 2023, then decreased by 6.36% to $74.1 million in 2024, then slipped by 5.43% to $70.1 million in 2025, then increased by 12.3% to $78.7 million in 2026.
- The last three Operating Expenses figures came in at $78.7 million (Q1 2026), $70.1 million (Q4 2025), and $74.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 12.50 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 3.38 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -93.35 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 333.70 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 7.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 915.00 Mn |
| 10 | NGL Energy Partners | - | - | 217.25 Mn | 78.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 78.67 Mn |
| Dec 31, 2025 | 70.06 Mn |
| Sep 30, 2025 | 74.09 Mn |
| Jun 30, 2025 | 70.77 Mn |
| Mar 31, 2025 | 75.65 Mn |
| Dec 31, 2024 | 74.08 Mn |
| Sep 30, 2024 | 76.57 Mn |
| Jun 30, 2024 | 71.39 Mn |
| Mar 31, 2024 | 66.42 Mn |
| Dec 31, 2023 | 79.12 Mn |
| Sep 30, 2023 | 77.39 Mn |
| Jun 30, 2023 | 76.68 Mn |
| Mar 31, 2023 | 67.22 Mn |
| Dec 31, 2022 | 81.35 Mn |
| Sep 30, 2022 | 84.16 Mn |
| Jun 30, 2022 | 71.86 Mn |
| Mar 31, 2022 | 77.93 Mn |
| Dec 31, 2021 | 72.81 Mn |
| Sep 30, 2021 | 69.02 Mn |
| Jun 30, 2021 | 65.78 Mn |