NGL Energy Partners (NGL) Tax Rate (2010 - 2026)
NGL Energy Partners' (NGL) quarterly Tax Rate came in at 0.03% in Q1 2026, down 12.0% YoY from 0.03% in Q1 2025, and up 87.88% on a QoQ basis from 0.25% in Q4 2025.
NGL Energy Partners (NGL) Tax Rate (2010 - 2026) Analysis & Trends
NGL Energy Partners (NGL) has 17 years of Tax Rate data on file, last reported at 0.03% in Q1 2026.
- Quarterly Tax Rate fell 12.0% year-over-year to 0.03% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.15% (up 828.0% YoY) and the FY2026 annual result came in at 0.15%, up 828.0% from the prior year.
- Tax Rate grew to 0.03% in Q1 2026, from 0.25% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 12.96% in Q3 2022 to a low of 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 tumbled 3819 bps — and 2025, when it jumped 3688 bps.
- Tracing NGL's Tax Rate over 5 years: stood at 0.43% in 2022, then surged by 178 bps to 0.34% in 2023, then sank by 448 bps to 1.17% in 2024, then surged by 79 bps to 0.25% in 2025, then jumped by 88 bps to 0.03% in 2026.
- The last three Tax Rate figures came in at 0.03% (Q1 2026), 0.25% (Q4 2025), and 0.21% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 23.33% |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 21.97% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 0.64% |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 7.12% |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 5.85% |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 0.18% |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 23.62% |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 22.61% |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 9.13% |
| 10 | NGL Energy Partners | 2.35 Bn | 2.35 Bn | 305.58 Mn | -0.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -0.37% |
| Jun 30, 2026 | -0.37% |
| Jun 30, 2026 | -0.37% |
| Mar 31, 2026 | -0.03% |
| Mar 31, 2026 | -0.03% |
| Mar 31, 2026 | -0.03% |
| Dec 31, 2025 | -0.25% |
| Dec 31, 2025 | -0.25% |
| Dec 31, 2025 | -0.25% |
| Sep 30, 2025 | -0.21% |
| Sep 30, 2025 | -0.21% |
| Sep 30, 2025 | -0.21% |
| Jun 30, 2025 | -0.60% |
| Jun 30, 2025 | -0.60% |
| Jun 30, 2025 | -0.60% |
| Mar 31, 2025 | 0.09% |
| Mar 31, 2025 | 0.09% |
| Mar 31, 2025 | 0.09% |
| Dec 31, 2024 | -1.17% |
| Dec 31, 2024 | -1.17% |