NGL Energy Partners (NGL) Operating Expenses (2010 - 2026)
NGL Energy Partners (NGL) posted Operating Expenses of $78.7 million for Q1 2026, up 12.3% on a QoQ basis from $70.1 million in Q4 2025, and up 3.99% year-over-year from $75.7 million in Q1 2025.
NGL Energy Partners (NGL) Operating Expenses (2010 - 2026) Analysis & Trends
NGL Energy Partners' Operating Expenses history runs 17 years deep, the most recent figure standing at $78.7 million for Q1 2026.
- Quarterly Operating Expenses rose 3.99% year-over-year to $78.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $293.6 million (down 1.38% YoY) and the FY2026 annual result came in at $293.6 million, down 1.38% from the prior year.
- Operating Expenses was $78.7 million for Q1 2026 at NGL Energy Partners, up from $70.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $84.2 million in Q3 2022 and bottomed at $66.4 million in Q1 2024.
- A 5-year average of $74.9 million and a median of $75.7 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses climbed 21.93% — and 2023, when it slipped 13.74%.
- NGL Energy Partners' Operating Expenses stood at $81.4 million in 2022, then slipped by 2.75% to $79.1 million in 2023, then dropped by 6.36% to $74.1 million in 2024, then declined by 5.43% to $70.1 million in 2025, then gained by 12.3% to $78.7 million in 2026.
- Business Quant data shows NGL's Operating Expenses at $78.7 million in Q1 2026, $70.1 million in Q4 2025, and $74.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 78.81 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -21.81 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 3.13 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 12.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 915.00 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 24.79 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 333.70 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 7.00 Mn |
| 10 | NGL Energy Partners | 2.13 Bn | 2.12 Bn | 217.25 Mn | 78.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 78.67 Mn |
| Dec 31, 2025 | 70.06 Mn |
| Sep 30, 2025 | 74.09 Mn |
| Jun 30, 2025 | 70.77 Mn |
| Mar 31, 2025 | 75.65 Mn |
| Dec 31, 2024 | 74.08 Mn |
| Sep 30, 2024 | 76.57 Mn |
| Jun 30, 2024 | 71.39 Mn |
| Mar 31, 2024 | 66.42 Mn |
| Dec 31, 2023 | 79.12 Mn |
| Sep 30, 2023 | 77.39 Mn |
| Jun 30, 2023 | 76.68 Mn |
| Mar 31, 2023 | 67.22 Mn |
| Dec 31, 2022 | 81.35 Mn |
| Sep 30, 2022 | 84.16 Mn |
| Jun 30, 2022 | 71.86 Mn |
| Mar 31, 2022 | 77.93 Mn |
| Dec 31, 2021 | 72.81 Mn |
| Sep 30, 2021 | 69.02 Mn |
| Jun 30, 2021 | 65.78 Mn |