NGL Energy Partners (NGL) Cost of Revenue (2010 - 2026)
NGL Energy Partners (NGL) recorded Cost of Revenue of $684.41 million in fiscal Q1 2027 (quarter ended Jun 30, 2026), up 78.8% from $382.81 million a year earlier but down 6.5% from the prior quarter.
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Analysis
NGL Energy Partners (NGL) Cost of Revenue (2010 - 2026) Analysis & Trends
On a TTM basis, NGL Energy Partners' Cost of Revenue came in at $2.48 billion as of Jun 30, 2026, up 5.7% year-over-year; for FY2026 (ended Mar 31, 2026), it was $2.18 billion, down 13.0% from FY2025.
- Annual Cost of Revenue has declined for four straight fiscal years, with a five-year compound annual growth rate of -13.5% (FY2021 to FY2026).
- Across earlier fiscal years, Cost of Revenue came in at $2.51 billion in FY2025 (-21.3%), $3.19 billion in FY2024 (-32.1%), $4.69 billion in FY2023 (-34.3%) and $7.14 billion in FY2022 (+58.9%).
- Quarterly Cost of Revenue has ranged from -$1.19 billion in fiscal Q4 2023 to $2.34 billion in fiscal Q4 2022 over the past five years.
- On a year-over-year basis, Cost of Revenue rose in two of the last eight quarters, with an average decline of 5.4%.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 78.8% in fiscal Q1 2027, against a decline of 69.5% in fiscal Q1 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $732.26 million (Q4 2026), $646.07 million (Q3 2026) and $421.02 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 100.40 Bn | 97.94 Bn | 4.84 Bn | 16.35 Bn |
| 2 | Williams Companies | 86.28 Bn | 85.00 Bn | 2.54 Bn | 515.00 Mn |
| 3 | Enterprise Products Partners | 78.15 Bn | 76.58 Bn | - | - |
| 4 | Energy Transfer | 70.55 Bn | 63.99 Bn | 7.40 Bn | 26.94 Bn |
| 5 | Kinder Morgan | 69.13 Bn | 70.08 Bn | 3.07 Bn | 1.41 Bn |
| 6 | Tc Energy | 61.50 Bn | 64.57 Bn | 2.81 Bn | 52.77 Mn |
| 7 | Targa Resources | 60.39 Bn | 60.01 Bn | 2.14 Bn | 2.30 Bn |
| 8 | Mplx | 57.19 Bn | 50.75 Bn | 2.91 Bn | 405.00 Mn |
| 9 | Cheniere Energy | 55.74 Bn | 55.87 Bn | 5.29 Bn | 439.00 Mn |
| 10 | NGL Energy Partners | 2.03 Bn | 2.00 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 |
API Access
NGL Energy Partners Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NGL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NGL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NGL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();