Product was NGL Energy Partners’s largest product and service line in fiscal 2026, bringing in $7.19B of $9.47B (76%).
| Product and Service | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2023 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Refined Products Sales | — | — | — | |||||||||
| Crude Oil Sales | — | — | — | |||||||||
| Product | $15.03B | $8.23B | $7.19B | |||||||||
| Propane Sales | — | — | — | |||||||||
| Salesrevenuenet | — | — | — | |||||||||
| Propane | — | — | — | |||||||||
| Service | $2.01B | $2.18B | $2.28B | |||||||||
| Other Product Sales | — | — | — | |||||||||
| Butane Sales | — | — | — | |||||||||
| Renewables Sales | — | — | — | |||||||||
| Disposal Service Fees | — | — | — | |||||||||
| Service Fees | — | — | — | |||||||||
| Distillate Sales | — | — | — | |||||||||
| Crude Oil Transportation & Other | — | — | — | |||||||||
| Sale Of Recovered Crude Oil | — | — | — | |||||||||
| Recovered Crude Oil | — | — | — | |||||||||
| Recovered Hydrocarbons | — | — | — | |||||||||
| Other Revenues | — | — | — | |||||||||
| Sale Of Water | — | — | — | |||||||||
| Water Transportation | — | — | — | |||||||||
| Sale Of Brackish Non-Potable Water | — | — | — | |||||||||
| Non-Topic 606 Revenues | — | — | — | |||||||||
| Total | $17.04B | $10.41B | $9.47B |
NGL Energy Partners brought in $9.47B from its two product and service lines in fiscal 2026, the year ended March 31, 2026. That was down 9.0% from $10.41B in fiscal 2025. Product was the largest at $7.19B (75.9%), ahead of Service at $2.28B (24.1%).
Compared with fiscal 2025, Service grew 4.6% to $2.28B, while Product fell 12.6% to $7.19B. From fiscal 2023 to 2026, combined revenue from these lines fell from $17.04B to $9.47B, a compound annual decline of 17.8%. Product's share of the total fell from 88.2% to 75.9%.
Liquids Logistics was NGL Energy Partners’s largest segment in fiscal 2026, bringing in $3.79B of $9.47B (40%).
| Segment | FY 2012 | FY 2013 | FY 2014 | FY 2016 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liquids Logistics | $7.55B | $5.50B | $3.79B | |||||||||
| Crude Oil Logistics | $7.42B | $2.64B | $3.16B | |||||||||
| Water Solutions | $2.09B | $2.27B | $2.52B | |||||||||
| Salesrevenuenet | — | — | — | |||||||||
| Retail Propane | — | — | — | |||||||||
| Corporate & Other | — | — | — | |||||||||
| Total | $17.06B | $10.41B | $9.47B |
NGL Energy Partners brought in $9.47B from its three segments in fiscal 2026, the year ended March 31, 2026. That was down 9.0% from $10.41B in fiscal 2025. Liquids Logistics was the largest at $3.79B (40.0%), ahead of Crude Oil Logistics at $3.16B (33.4%) and Water Solutions at $2.52B (26.6%).
Compared with fiscal 2025, Crude Oil Logistics grew fastest, up 19.9% to $3.16B, while Liquids Logistics fell the most, down 31.2% to $3.79B. From fiscal 2023 to 2026, combined revenue from these segments fell from $17.06B to $9.47B, a compound annual decline of 17.8%. Liquids Logistics' share of the total fell from 44.3% to 40.0%.
Guarantor Subsidiaries was NGL Energy Partners’s largest revenue line in fiscal 2017, bringing in $38.07B of $38.12B (100%).
| Consolidated Entities | FY 2017 |
|---|---|
| Guarantor Subsidiaries | $38.07B |
| Non-Guarantor Subsidiaries | $58.92M |
| Total | $38.12B |
NGL Energy Partners brought in $38.12B from its two revenue lines in fiscal 2017, the year ended March 31, 2017. Guarantor Subsidiaries was the largest at $38.07B (99.8%), ahead of Non-Guarantor Subsidiaries at $58.92M (0.2%).
NGL Energy Partners (NGL) reports its revenue by product and service, by segment and by consolidated entities. In fiscal 2026, Product was its largest product and service line, bringing in $7.19B (75.9% of the total), followed by Service at $2.28B (24.1%).
Product was NGL Energy Partners' largest product and service line in fiscal 2026, bringing in $7.19B, or 75.9% of the $9.47B total across its two product and service lines.
Liquids Logistics was NGL Energy Partners' largest segment in fiscal 2026, bringing in $3.79B, or 40.0% of the $9.47B total across its three segments.
Guarantor Subsidiaries was NGL Energy Partners' largest revenue line in fiscal 2017, bringing in $38.07B, or 99.8% of the $38.12B total across its two revenue lines.
Service grew faster than Product in fiscal 2026, up 4.6% from $2.18B to $2.28B. Product fell 12.6% to $7.19B.
Every figure comes from NGL Energy Partners' annual financial filings, as reported. Each line keeps the name NGL Energy Partners gives it, and years follow its fiscal calendar.
NGL Energy Partners' revenue by product and service goes back to fiscal 2012, with figures through fiscal 2026. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.