NGL Energy Partners LP (NGL)

NGL Energy Partners LP Financials Overview

Financials in millions USD. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	3,524	3,156	3,469	4,153	5,679	7,948
Revenue Growth	5.76%	-9.02%	-16.47%	-26.87%	-28.55%	52.05%
Gross Profit Gross Profit Growth	1,040	974	962.11	967.87	989.61	808.6
Operating Income Operating Income Growth	142.6	94.73	329.36	161.91	243.99	83.04
Net Income Net Income Growth	59.87	-405.56	-78.9	-283.12	95.95	-183.45
Earnings Per Share EPS Growth	-2.75	-3.19	-0.60	-2.14	-0.56	-2.22
EPS Growth	-	-	-	-	-	-

Revenue by Segment

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Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Water Solutions Water Solutions Growth	838.91	755.69	730.82	697.04	544.87
Crude Oil Logistics Crude Oil Logistics Growth	1,055	879.9	1,657	2,473	2,517
Liquids Logistics Liquids Logistics Growth	1,262	1,834	1,766	2,517	4,899
Corporate and Other Corporate and Other Growth	0.42	0.4	-	-8.59	-
Elimination of Intersegment Sales Elimination of Intersegment Sales Growth	-0	-0.42	-0.55	-	-12.39
Total Total Growth	3,156	3,469	4,153	5,679	7,948

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	5.07	8.51	5.65	38.91	5.43	3.82
Total Debt Total Debt Growth	3,393	3,350	3,084	2,951	2,950	3,467
Net Cash (Debt) Net Cash Growth	-3,388	-3,342	-3,078	-2,912	-2,945	-3,463
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-26.87	-26.31	-23.28	-22.04	-22.48	-26.67

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	409.79	365.95	297.46	376.16	445.19	205.85
Capital Expenditures CapEx Growth	-307.91	-221.28	-245.82	-152.3	-147.77	-142.36
Free Cash Flow Free Cash Flow Growth	101.88	144.68	51.65	223.87	297.42	63.49
Free Cash Flow Growth	-27.59%	180.12%	-76.93%	-24.73%	368.48%	-45.83%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	29.52%	30.86%	27.73%	23.30%	17.43%	10.17%
Operating Margin	4.05%	3.00%	9.49%	3.90%	4.30%	1.04%
Pretax Margin	-3.66%	-5.66%	1.73%	-3.76%	0.16%	-2.30%
Profit Margin	-3.65%	-4.41%	1.24%	-3.45%	0.92%	-2.32%
FCF Margin	2.89%	4.58%	1.49%	5.39%	5.24%	0.80%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 11, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Forward PE	13.61	16.22	23.90	22.15	4.50	4.31
P/FCF Ratio	21.01	10.55	11.60	3.41	1.29	4.54
PS Ratio	0.61	0.48	0.17	0.18	0.07	0.04

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: Aug 4, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company. Revenue segment data is provided by S&P Global Market Intelligence.

Update frequency:

Quarterly

Last checked:

Aug 10, 2026

Data Sources Report a data error