NGL Energy Partners (NGL) Cost of Revenue (2010 - 2026)
NGL Energy Partners' (NGL) quarterly Cost of Revenue came in at $684.4 million in Q2 2026, up 78.78% on a YoY basis from $382.8 million in Q2 2025, and down 6.53% quarter-over-quarter from $732.3 million in Q1 2026.
Analysis
NGL Energy Partners (NGL) Cost of Revenue (2010 - 2026) Analysis & Trends
NGL Energy Partners (NGL) has reported Cost of Revenue for 17 consecutive years, with $684.4 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 78.78% year-over-year to $684.4 million; the trailing twelve-month figure through Jun 2026 stood at $2.5 billion (up 5.67% YoY), and the FY2026 full-year result was $2.2 billion, down 12.96% from the prior year.
- Cost of Revenue slipped to $684.4 million in Q2 2026 per NGL's latest filing, from $732.3 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.
- Historically, Cost of Revenue has averaged $866.0 million across 5 years, with a median of $720.8 million in 2025.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue sank 150.89% in 2023, then surged 168.24% in 2024.
- Over 5 years, 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 grew by 5.93% to $684.4 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $684.4 million, $732.3 million, and $646.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 1.41 Bn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | - |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 26.94 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 1.06 Bn |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 2.30 Bn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 587.00 Mn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 9.24 Bn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 15.96 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 1.29 Bn |
| 10 | NGL Energy Partners | 2.22 Bn | 2.21 Bn | 305.58 Mn | 684.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 684.41 Mn |
| Mar 31, 2026 | 732.26 Mn |
| Dec 31, 2025 | 646.07 Mn |
| Sep 30, 2025 | 421.02 Mn |
| Jun 30, 2025 | 382.81 Mn |
| Mar 31, 2025 | 709.44 Mn |
| Dec 31, 2024 | 735.42 Mn |
| Sep 30, 2024 | 522.92 Mn |
| Jun 30, 2024 | 539.31 Mn |
| Mar 31, 2024 | 812.14 Mn |
| Dec 31, 2023 | 933.05 Mn |
| Sep 30, 2023 | 751.99 Mn |
| Jun 30, 2023 | 688.25 Mn |
| Mar 31, 2023 | -1.19 Bn |
| Dec 31, 2022 | 1.86 Bn |
| Sep 30, 2022 | 1.76 Bn |
| Jun 30, 2022 | 2.26 Bn |
| Mar 31, 2022 | 2.34 Bn |
| Dec 31, 2021 | 1.95 Bn |
| Sep 30, 2021 | 1.53 Bn |