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NGL Energy Partners NGL Q4 2025 Annual earnings

Reported May 29, 2025 · After market close

Revenue-$819.8MMiss by $1.9B
EPS$0.07Beat by $0.06
Revenue estimate$1.1B
EPS estimate$0.01

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$734.6M
EPS estimate$0.22

Financials

Q4 2025

Income statement

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Revenue$971.1M-6.6%
Gross profit$261.6M+15.2%
Operating income$81.1M—
Net income$13.7M+106%

Balance sheet

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Cash & equivalents$5.6M-85.5%
Total debt$3.1B+4.4%
Total equity$145.8M-67.4%
Total assets$4.6B-8.2%

Cash flow

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Operating cash flow$155.0M+1.8%
CapEx$37.9M+16.8%
Free cash flow$117.2M-2.2%

Valuation & ratios

Valuation

as of 03/31/25
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Market cap$599.34M-21.3%
Enterprise value$3.68B+0.1%
P/E15.2×—
P/S0.2×0.0×

Profitability

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Gross margin27.7%+4.4pp
Operating margin9.5%—
Net margin1.1%+0.6pp
FCF margin1.5%-3.9pp

Returns & leverage

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Return on equity13.3%+8.1pp
Debt / equity21.1×+14.6×
Current ratio1.3×+0.1×

Segments

By product

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Propane$348.2M+18.1%
Disposal service fees$172.0M+23.2%
Crude oil sales$171.7M-40.4%
Butane sales$161.1M-15.1%
Other product sales$102.9M—

By segment

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Liquids Logistics$605.8M—
Water Solutions$205.1M+18.6%
Crude Oil Logistics$160.0M-42.3%

By geography

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Non-US$35.5M+5.7%

FAQ

When did NGL Energy Partners report Q4 2025 earnings?
NGL Energy Partners (NGL) reported Q4 2025 earnings on May 29, 2025 after market close.
What were NGL Energy Partners's Q4 2025 revenue and EPS?
NGL Energy Partners reported revenue of -$819.8M and eps of $0.07 for Q4 2025.
Did NGL Energy Partners beat estimates in Q4 2025?
Revenue missed the consensus estimate of $1.1B by $1.9B. EPS beat the consensus estimate of $0.01 by $0.06.
How did NGL Energy Partners's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 178.9% from $1.0B a year earlier.
Where can I find NGL Energy Partners's Q4 2025 SEC filings?
You can read the 10-K periodic report (0001504461-25-000014) directly on SEC EDGAR. The filing index links above go to sec.gov.