NGL Energy Partners (NGL) Net Margin (2010 - 2026)
NGL Energy Partners (NGL) reported Net Margin of 49.0% for Q1 2026, down 4734.0% on a YoY basis from 1.06% in Q1 2025, and down 3824.0% quarter-over-quarter from 1.32% in Q4 2025.
NGL Energy Partners (NGL) Net Margin (2010 - 2026) Analysis & Trends
NGL Energy Partners has reported Net Margin for 17 years, with the latest figure at 49.0% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 4734.0% year-over-year to 49.0%; the trailing twelve-month figure through Mar 2026 stood at 14.1% (down 1194.0% YoY), and the FY2026 full-year result was 14.09%, down 1182.0% from the prior year.
- Net Margin for Q1 2026 stood at 49.0%, down from 1.32% in the prior quarter.
- The five-year high for Net Margin was 11.49% in Q1 2023, with the low at 49.0% in Q1 2026.
- Historically, Net Margin has averaged 4.43% across 5 years, with a median of 1.34% in 2022.
- Annual changes were most pronounced in 2025 — Net Margin jumped 2594 bps — and 2026, when it sank 4734 bps.
- NGL Energy Partners' Net Margin stood at 1.22% in 2022, then dropped by 29 bps to 0.86% in 2023, then sank by 283 bps to 1.57% in 2024, then surged by 184 bps to 1.32% in 2025, then tumbled by 3824 bps to 49.0% in 2026.
- The last three Net Margin figures came in at 49.0% (Q1 2026), 1.32% (Q4 2025), and 0.46% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 7.47% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 10.39% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 20.73% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 4.30% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 30.35% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 11.71% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 8.07% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 23.51% |
| 10 | NGL Energy Partners | 2.00 Bn | 1.99 Bn | 217.25 Mn | -49.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -49.00% |
| Dec 31, 2025 | 1.32% |
| Sep 30, 2025 | 0.46% |
| Jun 30, 2025 | 0.85% |
| Mar 31, 2025 | -1.66% |
| Dec 31, 2024 | -1.57% |
| 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% |
| Jun 30, 2021 | -10.70% |