NGL Energy Partners (NGL) Operating Margin (2010 - 2026)
NGL Energy Partners (NGL) recorded Operating Margin of 14.68% in fiscal Q1 2027 (quarter ended Jun 30, 2026), down 0.98 percentage points from 15.66% a year earlier but up 36.44 percentage points from the prior quarter.
NGL Energy Partners (NGL) Operating Margin (2010 - 2026) Analysis & Trends
On a TTM basis, NGL Energy Partners' Operating Margin came in at 4.05% as of Jun 30, 2026, down 6.30 percentage points year-over-year; for FY2026 (ended Mar 31, 2026), it came in at 3.00%, down 6.49 percentage points from FY2025.
- Annual Operating Margin has a five-year change of +10.48 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Operating Margin came in at 9.49% in FY2025 (+5.60 pp), 3.90% in FY2024 (-0.40 pp), 4.30% in FY2023 (+3.25 pp) and 1.04% in FY2022 (+8.52 pp).
- Quarterly Operating Margin has ranged from -21.76% in fiscal Q4 2026 to 15.66% in fiscal Q1 2026 over the past five years.
- On a year-over-year basis, Operating Margin rose in six of the last eight quarters, with an average year-over-year change of +0.06 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 25.95 percentage points in fiscal Q3 2022, against a drop of 30.11 percentage points in fiscal Q4 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at -21.76% (Q4 2026), 12.05% (Q3 2026) and 13.97% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 9.93% |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 12.31% |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 10.41% |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 30.06% |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 135.28% |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 27.80% |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 41.61% |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 13.22% |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 74.84% |
| 10 | NGL Energy Partners | 1.86 Bn | 1.83 Bn | 305.58 Mn | 14.68% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.68% |
| Mar 31, 2026 | -21.76% |
| Dec 31, 2025 | 12.05% |
| Sep 30, 2025 | 13.97% |
| Jun 30, 2025 | 15.66% |
| Mar 31, 2025 | 8.35% |
| Dec 31, 2024 | 8.62% |
| Sep 30, 2024 | 10.77% |
| Jun 30, 2024 | 10.81% |
| Mar 31, 2024 | -9.42% |
| Dec 31, 2023 | 8.52% |
| Sep 30, 2023 | 8.54% |
| Jun 30, 2023 | 7.90% |
| Dec 31, 2022 | 4.80% |
| Sep 30, 2022 | 3.42% |
| Jun 30, 2022 | 3.49% |
| Mar 31, 2022 | 1.52% |
| Dec 31, 2021 | 2.26% |
| Sep 30, 2021 | 3.70% |
| Jun 30, 2021 | -4.66% |
NGL Energy Partners Operating Margin 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-margin&ticker=NGL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=NGL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();