NGL Energy Partners NGL
NYSE NGL
$17.77 -0.40 (-2.20%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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