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 (NGL) has reported Operating Expenses for 17 consecutive years, with $78.7 million the latest figure, recorded in Q1 2026.
- Operating Expenses for Q1 2026 came in at $78.7 million, up 3.99% year-over-year; the trailing twelve-month figure through Mar 2026 was $293.6 million (down 1.38% YoY), and the FY2026 annual result was $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.
- Over five years, Operating Expenses peaked at $84.2 million in Q3 2022 and troughed 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 gained 21.93% — and 2023, when it retreated 13.74%.
- Year by year, 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.
- Per Business Quant, the three latest NGL Operating Expenses figures stand at $78.7 million (Q1 2026), $70.1 million (Q4 2025), and $74.1 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 3.38 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 12.50 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 333.70 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 274.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 3.45 Bn |
| 10 | NGL Energy Partners | 2.02 Bn | 2.02 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 |