NGL Energy Partners (NGL) Gross Margin (2010 - 2026)
NGL Energy Partners' Gross Margin came in at 30.87% for fiscal Q1 2027 (quarter ended Jun 30, 2026), down 7.60 percentage points from 38.47% a year earlier but up 7.99 percentage points from the prior quarter.
NGL Energy Partners (NGL) Gross Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, NGL Energy Partners reported Gross Margin of 29.52%, up 0.06 percentage points year-over-year; for FY2026 (ended Mar 31, 2026), it came in at 30.86%, up 3.13 percentage points from FY2025.
- Gross Margin has increased in each of the last four fiscal years, with a five-year change of +16.83 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Gross Margin was 27.73% in FY2025 (+4.43 pp), 23.30% in FY2024 (+5.88 pp), 17.43% in FY2023 (+7.25 pp) and 10.17% in FY2022 (-3.85 pp).
- The five-year range for quarterly Gross Margin is 7.68% (fiscal Q4 2022) to 38.47% (fiscal Q1 2026).
- Year-over-year, Gross Margin increased in six of the last eight quarters, with an average year-over-year change of +2.78 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in fiscal Q1 2024 (a gain of 14.78 percentage points), and the weakest in fiscal Q1 2027 (a drop of 7.60 percentage points).
- Business Quant data shows NGL's Gross Margin at 22.88% (Q4 2026), 28.99% (Q3 2026) and 37.60% (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 22.85% |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | - |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 21.55% |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 68.62% |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 98.16% |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 48.15% |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 87.77% |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 23.30% |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 92.34% |
| 10 | NGL Energy Partners | 1.86 Bn | 1.83 Bn | 305.58 Mn | 30.87% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.87% |
| Mar 31, 2026 | 22.88% |
| Dec 31, 2025 | 28.99% |
| Sep 30, 2025 | 37.60% |
| Jun 30, 2025 | 38.47% |
| Mar 31, 2025 | 26.94% |
| Dec 31, 2024 | 25.14% |
| Sep 30, 2024 | 30.87% |
| Jun 30, 2024 | 28.97% |
| Mar 31, 2024 | 21.85% |
| Dec 31, 2023 | 21.93% |
| Sep 30, 2023 | 25.36% |
| Jun 30, 2023 | 24.49% |
| Dec 31, 2022 | 13.04% |
| Sep 30, 2022 | 12.21% |
| Jun 30, 2022 | 9.71% |
| Mar 31, 2022 | 7.68% |
| Dec 31, 2021 | 10.20% |
| Sep 30, 2021 | 13.03% |
| Jun 30, 2021 | 11.01% |
NGL Energy Partners Gross Margin 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=gross-margin&ticker=NGL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=NGL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();