NGL Energy Partners (NGL) Cost of Revenue (2010 - 2026)
NGL Energy Partners' (NGL) quarterly Cost of Revenue came in at $732.3 million in Q1 2026, up 3.22% YoY from $709.4 million in Q1 2025, and up 13.34% on a QoQ basis from $646.1 million in Q4 2025.
NGL Energy Partners (NGL) Cost of Revenue (2010 - 2026) Analysis & Trends
NGL Energy Partners (NGL) has 17 years of Cost of Revenue data on file, last reported at $732.3 million in Q1 2026.
- Quarterly Cost of Revenue rose 3.22% year-over-year to $732.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.2 billion (down 12.96% YoY) and the FY2026 annual result came in at $2.2 billion, down 12.96% from the prior year.
- Cost of Revenue rose to $732.3 million in Q1 2026, from $646.1 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $2.3 billion in Q1 2022 to a low of -$1.2 billion in Q1 2023.
- A 5-year average of $876.6 million and a median of $732.3 million in 2026 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2023 — Cost of Revenue plunged 150.89% — and 2024, when it jumped 168.24%.
- Tracing NGL's Cost of Revenue over 5 years: stood at $1.9 billion in 2022, then plunged by 49.85% to $933.1 million in 2023, then declined by 21.18% to $735.4 million in 2024, then declined by 12.15% to $646.1 million in 2025, then climbed by 13.34% to $732.3 million in 2026.
- The last three Cost of Revenue figures came in at $732.3 million (Q1 2026), $646.1 million (Q4 2025), and $421.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.41 Bn |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 15.96 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | - |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 26.94 Bn |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 52.77 Mn |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 587.00 Mn |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 9.24 Bn |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 2.30 Bn |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 439.00 Mn |
| 10 | NGL Energy Partners | 2.35 Bn | 2.35 Bn | 305.58 Mn | 684.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 684.41 Mn |
| Jun 30, 2026 | 684.41 Mn |
| Mar 31, 2026 | 732.26 Mn |
| Mar 31, 2026 | 732.26 Mn |
| Dec 31, 2025 | 646.07 Mn |
| Dec 31, 2025 | 646.07 Mn |
| Sep 30, 2025 | 421.02 Mn |
| Sep 30, 2025 | 421.02 Mn |
| Jun 30, 2025 | 382.81 Mn |
| Jun 30, 2025 | 382.81 Mn |
| Mar 31, 2025 | 709.44 Mn |
| Mar 31, 2025 | 709.44 Mn |
| Dec 31, 2024 | 735.42 Mn |
| Dec 31, 2024 | 735.42 Mn |
| Sep 30, 2024 | 522.92 Mn |
| Sep 30, 2024 | 522.92 Mn |
| Jun 30, 2024 | 539.31 Mn |
| Jun 30, 2024 | 539.31 Mn |
| Mar 31, 2024 | 812.14 Mn |
| Mar 31, 2024 | 812.14 Mn |