NGL Energy Partners (NGL) Tax Rate (2010 - 2026)
NGL Energy Partners (NGL) reported Tax Rate of 0.03% for Q1 2026, down 12.0% on a YoY basis from 0.03% in Q1 2025, and up 87.88% quarter-over-quarter from 0.25% in Q4 2025.
NGL Energy Partners (NGL) Tax Rate (2010 - 2026) Analysis & Trends
NGL Energy Partners has reported Tax Rate for 17 years, with the latest figure at 0.03% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 12.0% year-over-year to 0.03%; the trailing twelve-month figure through Mar 2026 stood at 0.15% (up 828.0% YoY), and the FY2026 full-year result was 0.15%, up 828.0% from the prior year.
- Tax Rate for Q1 2026 stood at 0.03%, up from 0.25% in the prior quarter.
- The five-year high for Tax Rate was 12.96% in Q3 2022, with the low at 37.48% in Q2 2024.
- Historically, Tax Rate has averaged 1.78% across 5 years, with a median of 0.21% in 2025.
- Annual changes were most pronounced in 2024 — Tax Rate tumbled 3819 bps — and 2025, when it jumped 3688 bps.
- NGL Energy Partners' Tax Rate 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 24.82% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 1.45% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 22.28% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 6.40% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 0.11% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 20.27% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 24.00% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 10.04% |
| 10 | NGL Energy Partners | 2.00 Bn | 1.99 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% |