NGL Energy Partners (NGL) Operating Expenses (2010 - 2026)
NGL Energy Partners' Operating Expenses was $78.89 million in fiscal Q1 2027 (quarter ended Jun 30, 2026), up 11.5% from $70.77 million a year earlier and up 0.3% from the prior quarter.
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Analysis
NGL Energy Partners (NGL) Operating Expenses (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, NGL Energy Partners' Operating Expenses was $301.7 million through Jun 30, 2026, up 1.6% year-over-year; for FY2026 (ended Mar 31, 2026), it came in at $293.59 million, down 1.4% from FY2025.
- Operating Expenses has now declined for three consecutive fiscal years, though with a five-year compound annual growth rate of 2.9% (FY2021 to FY2026).
- In earlier fiscal years, Operating Expenses was $297.69 million in FY2025 (-0.6%), $299.61 million in FY2024 (-1.6%), $304.59 million in FY2023 (+6.7%) and $285.54 million in FY2022 (+12.2%).
- The fiscal Q1 2027 figure marks the highest quarterly Operating Expenses since fiscal Q3 2024.
- Compared with a year earlier, Operating Expenses was higher in three of the last eight quarters, with growth averaging 1.6%.
- The best year-over-year quarter for Operating Expenses over five years was fiscal Q2 2022 (growth of 23.1%); the worst was fiscal Q4 2023 (a decline of 13.7%).
- Per Business Quant data, NGL's Operating Expenses in the three fiscal quarters before Q1 2027 was $78.67 million (Q4 2026), $70.06 million (Q3 2026) and $74.09 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 19.09 Bn |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 16.13 Bn |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 30.76 Bn |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 3.13 Bn |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | -1.06 Bn |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 354.10 Mn |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 1.93 Bn |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 4.00 Mn |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 1.44 Bn |
| 10 | NGL Energy Partners | 1.86 Bn | 1.83 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 |
API Access
NGL Energy Partners Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=NGL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "NGL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=NGL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();