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
Download Data
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% |
| 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% |