NGL Energy Partners (NGL) Cost of Revenue (2010 - 2026)
NGL Energy Partners (NGL) reported Cost of Revenue of $732.3 million for Q1 2026, up 3.22% on a YoY basis from $709.4 million in Q1 2025, and up 13.34% quarter-over-quarter from $646.1 million in Q4 2025.
NGL Energy Partners (NGL) Cost of Revenue (2010 - 2026) Analysis & Trends
NGL Energy Partners has reported Cost of Revenue for 17 years, with the latest figure at $732.3 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 3.22% year-over-year to $732.3 million; the trailing twelve-month figure through Mar 2026 stood at $2.2 billion (down 12.96% YoY), and the FY2026 full-year result was $2.2 billion, down 12.96% from the prior year.
- Cost of Revenue for Q1 2026 stood at $732.3 million, up from $646.1 million in the prior quarter.
- The five-year high for Cost of Revenue was $2.3 billion in Q1 2022, with the low at -$1.2 billion in Q1 2023.
- Historically, Cost of Revenue has averaged $876.6 million across 5 years, with a median of $732.3 million in 2026.
- Annual changes were most pronounced in 2023 — Cost of Revenue plunged 150.89% — and 2024, when it jumped 168.24%.
- NGL Energy Partners' Cost of Revenue 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 89.89 Bn | 90.59 Bn | 6.70 Bn | 9.60 Bn |
| 2 | Enterprise Products Partners | 82.10 Bn | 80.95 Bn | - | - |
| 3 | Kinder Morgan | 70.96 Bn | 72.04 Bn | 3.08 Bn | 1.75 Bn |
| 4 | Energy Transfer | 65.68 Bn | 64.96 Bn | 6.62 Bn | 21.15 Bn |
| 5 | Scorpio Tankers | 59.56 Bn | 58.58 Bn | - | 68.80 Mn |
| 6 | Targa Resources | 58.53 Bn | 58.56 Bn | 1.70 Bn | 2.39 Bn |
| 7 | Oneok | 57.23 Bn | 57.10 Bn | 2.57 Bn | 7.05 Bn |
| 8 | Mplx | 57.20 Bn | 55.69 Bn | 2.54 Bn | 498.00 Mn |
| 9 | Tc Energy | 51.34 Bn | 52.53 Bn | 2.95 Bn | 39.44 Mn |
| 10 | NGL Energy Partners | 2.02 Bn | 2.01 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 |