NGL Energy Partners (NGL) Operating Expenses (2010 - 2026)
NGL Energy Partners' (NGL) quarterly Operating Expenses came in at $78.7 million in Q1 2026, up 3.99% YoY from $75.7 million in Q1 2025, and up 12.3% on a QoQ basis from $70.1 million in Q4 2025.
NGL Energy Partners (NGL) Operating Expenses (2010 - 2026) Analysis & Trends
NGL Energy Partners (NGL) has 17 years of Operating Expenses data on file, last reported at $78.7 million in 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 grew to $78.7 million in Q1 2026, from $70.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $84.2 million in Q3 2022 to a low of $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 rose 21.93% — and 2023, when it fell 13.74%.
- Tracing NGL's Operating Expenses over 5 years: stood at $81.4 million in 2022, then retreated by 2.75% to $79.1 million in 2023, then decreased by 6.36% to $74.1 million in 2024, then slipped by 5.43% to $70.1 million in 2025, then increased by 12.3% to $78.7 million in 2026.
- The last three Operating Expenses figures came in at $78.7 million (Q1 2026), $70.1 million (Q4 2025), and $74.1 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 111.07 Bn | 109.57 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.38 Bn | 71.35 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 65.96 Bn | 58.40 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Oneok | 60.08 Bn | 59.92 Bn | 2.81 Bn | 4.00 Mn |
| 7 | Mplx | 60.06 Bn | 59.03 Bn | 2.73 Bn | 1.93 Bn |
| 8 | Targa Resources | 59.31 Bn | 59.18 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 56.08 Bn | 54.82 Bn | 5.29 Bn | 1.44 Bn |
| 10 | NGL Energy Partners | 2.34 Bn | 2.34 Bn | 305.58 Mn | 78.89 Mn |
Historic Data
Download 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 |