NGL Energy Partners (NGL) FCF Margin (2010 - 2026)
NGL Energy Partners' (NGL) quarterly FCF Margin came in at 3.2% in Q2 2026, down 498.0% on a YoY basis from 0.81% in Q2 2025, and down 138.82% quarter-over-quarter from 8.25% in Q1 2026.
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NGL Energy Partners (NGL) FCF Margin (2010 - 2026) Analysis & Trends
NGL Energy Partners (NGL) has reported FCF Margin for 17 consecutive years, with 3.2% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin fell 498.0% year-over-year to 3.2%; the trailing twelve-month figure through Jun 2026 stood at 2.89% (down 220.0% YoY), and the FY2026 full-year result was 4.58%, up 310.0% from the prior year.
- FCF Margin declined to 3.2% in Q2 2026 per NGL's latest filing, from 8.25% in the prior quarter.
- Across five years, FCF Margin topped out at 17.91% in Q4 2024 and bottomed at 22.02% in Q1 2023.
- Historically, FCF Margin has averaged 1.54% across 5 years, with a median of 2.61% in 2023.
- The sharpest annual moves came in 2023 and 2024: FCF Margin slumped 2770 bps in 2023, then soared 3355 bps in 2024.
- Over 5 years, FCF Margin stood at 9.82% in 2022, then plunged by 55 bps to 4.47% in 2023, then surged by 301 bps to 17.91% in 2024, then tumbled by 72 bps to 5.02% in 2025, then tumbled by 164 bps to 3.2% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 3.2%, 8.25%, and 5.02% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 21.84% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 11.07% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 7.88% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 92.82% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 9.71% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 26.48% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 11.95% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 3.87% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 51.81% |
| 10 | NGL Energy Partners | 2.22 Bn | 2.21 Bn | 305.58 Mn | -3.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -3.20% |
| Mar 31, 2026 | 8.25% |
| Dec 31, 2025 | 5.02% |
| Sep 30, 2025 | 1.41% |
| Jun 30, 2025 | 1.78% |
| Mar 31, 2025 | 12.07% |
| Dec 31, 2024 | 17.91% |
| Sep 30, 2024 | -17.81% |
| Jun 30, 2024 | -6.59% |
| Mar 31, 2024 | 11.53% |
| Dec 31, 2023 | 4.47% |
| Sep 30, 2023 | 3.11% |
| Jun 30, 2023 | 2.12% |
| Mar 31, 2023 | -22.02% |
| Dec 31, 2022 | 9.82% |
| Sep 30, 2022 | -4.34% |
| Jun 30, 2022 | -1.54% |
| Mar 31, 2022 | 5.69% |
| Dec 31, 2021 | 0.23% |
| Sep 30, 2021 | -1.92% |