NGL Energy Partners (NGL) Tax Rate (2011 - 2025)
NGL Energy Partners' Tax Rate was -0.37% in fiscal Q1 2027 (quarter ended Jun 30, 2026), up 0.23 percentage points from -0.60% a year earlier but down 0.34 percentage points from the prior quarter.
NGL Energy Partners (NGL) Tax Rate (2011 - 2025) Analysis & Trends
On a trailing twelve-month basis, NGL Energy Partners' Tax Rate was 0.30% through Jun 30, 2026, up 0.65 percentage points year-over-year; for FY2026 (ended Mar 31, 2026), it was 0.15%, up 8.28 percentage points from FY2025.
- Tax Rate shows a five-year change of -0.37 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Tax Rate was -8.13% in FY2025 (-7.19 pp), -0.93% in FY2024 (-3.30 pp), 2.37% in FY2023 (+2.90 pp) and -0.53% in FY2022 (-1.06 pp).
- Quarterly Tax Rate has moved between -37.48% (fiscal Q1 2025) and 16.30% (fiscal Q2 2022) over five years.
- Compared with a year earlier, Tax Rate was higher in five of the last eight quarters, with an average year-over-year change of +4.43 percentage points.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q1 2026 (a gain of 36.88 percentage points); the worst was fiscal Q1 2025 (a drop of 38.19 percentage points).
- Per Business Quant data, NGL's Tax Rate in the three fiscal quarters before Q1 2027 was -0.03% (Q4 2026), -0.25% (Q3 2026) and -0.21% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn | 21.97% |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - | 0.64% |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn | 7.12% |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn | 23.33% |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn | - |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn | 22.61% |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn | 0.18% |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn | 9.13% |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn | 23.62% |
| 10 | NGL Energy Partners | 1.85 Bn | 1.82 Bn | 305.58 Mn | - |
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2025 | 0.09% |
| Sep 30, 2024 | 2.27% |
| Dec 31, 2023 | 0.34% |
| Sep 30, 2023 | 1.19% |
| Jun 30, 2023 | 0.71% |
| Sep 30, 2022 | 12.96% |
| Dec 31, 2019 | 1.36% |
| Dec 31, 2018 | 1.00% |
| Mar 31, 2018 | 0.29% |
| Dec 31, 2017 | 1.13% |
| Dec 31, 2016 | 46.28% |
| Jun 30, 2016 | 0.25% |
| Dec 31, 2015 | 0.78% |
| Mar 31, 2014 | 1.35% |
| Dec 31, 2013 | 2.14% |
| Mar 31, 2013 | 4.90% |
| Dec 31, 2012 | 0.61% |
| Sep 30, 2012 | 0.76% |
| Mar 31, 2012 | 3.08% |
| Dec 31, 2011 | 2.53% |
NGL Energy Partners Tax Rate 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=tax-rate&ticker=NGL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=NGL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();