NGL Energy Partners (NGL) Net Margin (2010 - 2026)
NGL Energy Partners' (NGL) quarterly Net Margin came in at 44.86% in Q1 2026, down 4321.0% YoY from 1.06% in Q1 2025, and down 3510.87% on a QoQ basis from 1.32% in Q4 2025.
NGL Energy Partners (NGL) Net Margin (2010 - 2026) Analysis & Trends
NGL Energy Partners (NGL) has 17 years of Net Margin data on file, last reported at 44.86% in Q1 2026.
- Quarterly Net Margin fell 4321.0% year-over-year to 44.86% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 14.1% (down 1220.0% YoY) and the FY2026 annual result came in at 12.85%, down 1058.0% from the prior year.
- Net Margin slipped to 44.86% in Q1 2026, from 1.32% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 11.49% in Q1 2023 to a low of 44.86% in Q1 2026.
- A 5-year average of 4.51% and a median of 1.34% in 2022 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2025 — Net Margin jumped 2594 bps — and 2026, when it sank 4321 bps.
- Tracing NGL's Net Margin over 5 years: stood at 1.22% in 2022, then dropped by 29 bps to 0.86% in 2023, then slumped by 174 bps to 0.64% in 2024, then jumped by 307 bps to 1.32% in 2025, then slumped by 3511 bps to 44.86% in 2026.
- The last three Net Margin figures came in at 44.86% (Q1 2026), 1.32% (Q4 2025), and 0.46% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 19.97% |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 4.76% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 10.16% |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 5.90% |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 55.36% |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 32.82% |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 8.03% |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 17.22% |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 63.54% |
| 10 | NGL Energy Partners | 2.35 Bn | 2.35 Bn | 305.58 Mn | 6.05% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.05% |
| Mar 31, 2026 | -44.86% |
| Dec 31, 2025 | 1.32% |
| Sep 30, 2025 | 0.46% |
| Jun 30, 2025 | -5.47% |
| Mar 31, 2025 | -1.66% |
| Dec 31, 2024 | -0.64% |
| Sep 30, 2024 | -3.20% |
| Jun 30, 2024 | -2.52% |
| Mar 31, 2024 | -27.60% |
| Dec 31, 2023 | 0.86% |
| Sep 30, 2023 | -0.67% |
| Jun 30, 2023 | -1.59% |
| Mar 31, 2023 | 11.49% |
| Dec 31, 2022 | 1.22% |
| Sep 30, 2022 | -1.34% |
| Jun 30, 2022 | -0.19% |
| Mar 31, 2022 | -2.22% |
| Dec 31, 2021 | -2.08% |
| Sep 30, 2021 | -1.55% |