NGL Energy Partners (NGL) Cost of Revenue (2010 - 2026)

NGL Energy Partners (NGL) posted Cost of Revenue of $732.3 million for Q1 2026, up 13.34% on a QoQ basis from $646.1 million in Q4 2025, and up 3.22% year-over-year from $709.4 million in Q1 2025.

NGL Energy Partners (NGL) Cost of Revenue (2010 - 2026) Analysis & Trends

NGL Energy Partners' Cost of Revenue history runs 17 years deep, the most recent figure standing at $732.3 million for 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 was $732.3 million for Q1 2026 at NGL Energy Partners, up from $646.1 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $2.3 billion in Q1 2022 and bottomed at -$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 tumbled 150.89% — and 2024, when it jumped 168.24%.
  • NGL Energy Partners' Cost of Revenue stood at $1.9 billion in 2022, then slumped by 49.85% to $933.1 million in 2023, then retreated by 21.18% to $735.4 million in 2024, then retreated by 12.15% to $646.1 million in 2025, then increased by 13.34% to $732.3 million in 2026.
  • Business Quant data shows NGL's Cost of Revenue at $732.3 million in Q1 2026, $646.1 million in Q4 2025, and $421.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 DHT Holdings 2,943.60 Bn 2,943.47 Bn 167.16 Mn 19.13 Mn
2 Flex LNG 1,649.28 Bn 1,648.89 Bn 61.79 Mn 18.67 Mn
3 Enbridge 120.97 Bn 119.64 Bn 6.70 Bn 9.60 Bn
4 Kinder Morgan 112.45 Bn 112.33 Bn 3.07 Bn 1.41 Bn
5 Enterprise Products Partners 82.58 Bn 81.38 Bn - -
6 Tc Energy 71.17 Bn 65.47 Bn 1.36 Bn 39.44 Mn
7 Energy Transfer 68.75 Bn 67.78 Bn 6.62 Bn 21.15 Bn
8 Mplx 59.29 Bn 57.78 Bn 1.95 Bn 402.00 Mn
9 Targa Resources 57.65 Bn 57.55 Bn 1.70 Bn 2.39 Bn
10 NGL Energy Partners 1.98 Bn 1.98 Bn 217.25 Mn 732.26 Mn

Historic Data

Download Data
DateValue
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
Dec 31, 2023 933.05 Mn
Dec 31, 2023 933.05 Mn