NGL Energy Partners (NGL) Tax Rate (2010 - 2026)
NGL Energy Partners (NGL) posted Tax Rate of 0.03% for Q1 2026, up 87.88% on a QoQ basis from 0.25% in Q4 2025, and down 12.0% year-over-year from 0.03% in Q1 2025.
NGL Energy Partners (NGL) Tax Rate (2010 - 2026) Analysis & Trends
NGL Energy Partners (NGL) has reported Tax Rate for 17 consecutive years, with 0.03% the latest figure, recorded in Q1 2026.
- Tax Rate for Q1 2026 came in at 0.03%, down 12.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.15% (up 828.0% YoY), and the FY2026 annual result was 0.15%, up 828.0% from the prior year.
- Tax Rate was 0.03% for Q1 2026 at NGL Energy Partners, up from 0.25% in the prior quarter.
- Over five years, Tax Rate peaked at 12.96% in Q3 2022 and troughed at 37.48% in Q2 2024.
- A 5-year average of 1.78% and a median of 0.21% in 2025 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2024 — Tax Rate slumped 3819 bps — and 2025, when it surged 3688 bps.
- Year by year, Tax Rate stood at 0.43% in 2022, then jumped by 178 bps to 0.34% in 2023, then sank by 448 bps to 1.17% in 2024, then jumped by 79 bps to 0.25% in 2025, then soared by 88 bps to 0.03% in 2026.
- Per Business Quant, the three latest NGL Tax Rate figures stand at 0.03% (Q1 2026), 0.25% (Q4 2025), and 0.21% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 24.82% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 22.28% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.45% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 6.40% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 20.27% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 0.11% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 24.00% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | - |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 15.08% |
| 10 | NGL Energy Partners | 2.02 Bn | 2.02 Bn | 217.25 Mn | -0.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -0.03% |
| Mar 31, 2026 | -0.03% |
| Dec 31, 2025 | -0.25% |
| Dec 31, 2025 | -0.25% |
| Sep 30, 2025 | -0.21% |
| Sep 30, 2025 | -0.21% |
| Jun 30, 2025 | -0.60% |
| Jun 30, 2025 | -0.60% |
| Mar 31, 2025 | 0.09% |
| Mar 31, 2025 | 0.09% |
| Dec 31, 2024 | -1.17% |
| Dec 31, 2024 | -1.17% |
| Sep 30, 2024 | 2.27% |
| Sep 30, 2024 | 2.27% |
| Jun 30, 2024 | -37.48% |
| Jun 30, 2024 | -37.48% |
| Mar 31, 2024 | -0.33% |
| Mar 31, 2024 | -0.33% |
| Dec 31, 2023 | 0.34% |
| Dec 31, 2023 | 0.34% |