NGL Energy Partners LP (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 LP (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
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 LP 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();