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| Date | Value |
|---|---|
| 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 |