NGL Energy Partners (NGL) Operating Expenses (2010 - 2026)
NGL Energy Partners' (NGL) quarterly Operating Expenses came in at $78.9 million in Q2 2026, up 11.47% on a YoY basis from $70.8 million in Q2 2025, and little changed quarter-over-quarter from $78.7 million in Q1 2026.
Analysis
NGL Energy Partners (NGL) Operating Expenses (2010 - 2026) Analysis & Trends
NGL Energy Partners (NGL) has reported Operating Expenses for 17 consecutive years, with $78.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 11.47% year-over-year to $78.9 million; the trailing twelve-month figure through Jun 2026 stood at $301.7 million (up 1.56% YoY), and the FY2026 full-year result was $293.6 million, down 1.38% from the prior year.
- Operating Expenses held at $78.9 million in Q2 2026 per NGL's latest filing, from $78.7 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.
- Historically, Operating Expenses has averaged $75.1 million across 5 years, with a median of $76.1 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses gained 21.93% in 2022, then retreated 13.74% in 2023.
- Over 5 years, 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 climbed by 12.6% to $78.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $78.9 million, $78.7 million, and $70.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 16.13 Bn |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 30.76 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | - |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 354.10 Mn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 19.09 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 132.00 Mn |
| 10 | NGL Energy Partners | 2.22 Bn | 2.21 Bn | 305.58 Mn | 78.89 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 78.89 Mn |
| 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 |