When did NGL Energy Partners report Q2 2026 earnings?

NGL Energy Partners (NGL) reported Q2 2026 earnings on November 4, 2025 after market close.

What were NGL Energy Partners's Q2 2026 revenue and EPS?

NGL Energy Partners reported revenue of $674.7M and diluted EPS of $0.02 for Q2 2026.

Did NGL Energy Partners beat estimates in Q2 2026?

Revenue missed the consensus estimate of $700.8M by $26.1M.

How did NGL Energy Partners's Q2 2026 results compare year-over-year?

Compared to the same quarter a year prior, revenue declined 50.1% from $1.4B a year earlier.

Where can I find NGL Energy Partners's Q2 2026 SEC filings?

You can read the 10-Q periodic report (0001504461-25-000021) directly on SEC EDGAR. The filing index links above go to sec.gov.

NGL Energy Partners NGL Q2 2026 earnings

Reported November 4, 2025 · After market close

Revenue$674.7MMiss by $26.1M Diluted EPS$0.02

Revenue estimate$700.8M

Next report

Aug 6, 2026 (in a month)

Revenue estimate$346.1M

EPS estimate$0.11

Financials

Q2 2026

Income statement

See full

Revenue$674.7M-10.8%

Gross profit$253.7M+8.6%

Operating income$94.3M+15.7%

Net income$29.3M+1,093%

Balance sheet

See full

Cash & equivalents$8.7M+92.6%

Total debt$3.0B-6.2%

Total equity$123.8M-33.2%

Total assets$4.3B-12.0%

Cash flow

See full

Operating cash flow$40.5M+502%

CapEx$30.9M-79.1%

Free cash flow$9.5M+107%

Valuation & ratios

Valuation

as of 09/30/25

See full

Market cap$767.08M+28.6%

Enterprise value$3.79B-0.9%

P/E6.1×—

P/S0.2×+0.1×

Profitability

See full

Gross margin30.8%+5.7pp

Operating margin11%—

Net margin3.9%+2.5pp

FCF margin7.2%+6.8pp

Returns & leverage

See full

Return on equity81.1%+62.1pp

Debt / equity24.5×+7.1×

Current ratio1.3×0.0×

Segments

By product

See full

Crude oil sales$239.9M-3.9%

Disposal service fees$179.8M+15.5%

Butane sales$114.0M-7.7%

Propane$31.7M-64.7%

Crude oil transportation and other$7.0M-59.0%

By segment

See full

Liquids Logistics$244.7M-26.0%

Crude Oil Logistics$220.0M-9.8%

Water Solutions$209.7M+15.3%

By geography

See full

Non-US$21.0M-23.4%

Versus estimates

Revenue

Q4 2026$949.5MBeat by $8.0M Q3 2026$909.8MBeat by $105.4M

Q2 2026$674.7MMiss by $26.1M

Q1 2026$622.2MBeat by $109.8M Q4 2025-$819.8MMiss by $1.9B Q3 2025$1.5BBeat by $481.6M

Diluted EPS

Q4 2026-$0.71Miss by $0.89 Q3 2026$0.10Miss by $0.06

Q2 2026$0.02

Q1 2026-$0.27Miss by $0.16 Q4 2025$0.07Beat by $0.06 Q3 2025-$0.12Miss by $0.25

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Questions, answered.

When did NGL Energy Partners report Q2 2026 earnings?: NGL Energy Partners (NGL) reported Q2 2026 earnings on November 4, 2025 after market close.
What were NGL Energy Partners's Q2 2026 revenue and EPS?: NGL Energy Partners reported revenue of $674.7M and diluted EPS of $0.02 for Q2 2026.
Did NGL Energy Partners beat estimates in Q2 2026?: Revenue missed the consensus estimate of $700.8M by $26.1M.
How did NGL Energy Partners's Q2 2026 results compare year-over-year?: Compared to the same quarter a year prior, revenue declined 50.1% from $1.4B a year earlier.
Where can I find NGL Energy Partners's Q2 2026 SEC filings?: You can read the 10-Q periodic report (0001504461-25-000021) directly on SEC EDGAR. The filing index links above go to sec.gov.