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) Gross Margin (2010 - 2026)

NGL Energy Partners' (NGL) quarterly Gross Margin came in at 30.87% in Q2 2026, down 760.0% on a YoY basis from 4.68% in Q2 2025, and up 34.91% quarter-over-quarter from 22.88% in Q1 2026.

Analysis

NGL Energy Partners (NGL) Gross Margin (2010 - 2026) Analysis & Trends

NGL Energy Partners (NGL) has reported Gross Margin for 17 consecutive years, with 30.87% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Gross Margin fell 760.0% year-over-year to 30.87%; the trailing twelve-month figure through Jun 2026 stood at 29.52% (up 6.0% YoY), and the FY2026 full-year result was 30.86%, up 313.0% from the prior year.
  • Gross Margin climbed to 30.87% in Q2 2026 per NGL's latest filing, from 22.88% in the prior quarter.
  • Across five years, Gross Margin topped out at 38.47% in Q2 2025 and bottomed at 23.06% in Q1 2023.
  • Historically, Gross Margin has averaged 21.33% across 5 years, with a median of 24.81% in 2024.
  • The sharpest annual moves came in 2023 and 2024: Gross Margin sank 3075 bps in 2023, then surged 4491 bps in 2024.
  • Over 5 years, Gross Margin stood at 13.04% in 2022, then soared by 68 bps to 21.93% in 2023, then rose by 15 bps to 25.14% in 2024, then advanced by 15 bps to 28.99% in 2025, then climbed by 6 bps to 30.87% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 30.87%, 22.88%, and 28.99% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Kinder Morgan 111.69 Bn 112.81 Bn 3.07 Bn 68.62%
2 Enterprise Products Partners 84.07 Bn 83.21 Bn - -
3 Energy Transfer 74.03 Bn 73.00 Bn 7.40 Bn 21.55%
4 Tc Energy 65.16 Bn 64.62 Bn 1.80 Bn 62.88%
5 Targa Resources 62.18 Bn 62.19 Bn 2.14 Bn 48.15%
6 Mplx 60.51 Bn 59.48 Bn 2.73 Bn 82.28%
7 Oneok 60.16 Bn 60.09 Bn 2.81 Bn 23.30%
8 Enbridge 54.38 Bn 54.88 Bn 5.23 Bn 24.69%
9 Pembina Pipeline 28.12 Bn 27.76 Bn 933.00 Mn 43.36%
10 NGL Energy Partners 2.22 Bn 2.21 Bn 305.58 Mn 30.87%
Historic Data

Historic Data

Download Data
DateValue
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%
Mar 31, 2023 -23.06%
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%