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NGL Energy Partners NGL Butane sales — Topic 606 revenues, excluding assessed tax

Other product segments

Crude oil sales
$375.97M+119%
Other product sales
$360.21M-12.5%
Disposal service fees
$177.44M+3.2%
Propane
$148.98M-57.2%
Crude oil transportation and other
$8.13M-49.9%
Sale of water
$2.65M-16.5%
Other revenues
$2.17M+83.3%

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CPKPropane Delivery — Revenue from Contract with Customer, Excluding Assessed Tax
$73.3M-1.9%
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$34.6M+6.5%
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CRCOil — Revenue from Contract with Customer, Excluding Assessed Tax
$834M+13.3%
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CLMTSpecialty Products And Solutions — Revenue
$708.9M+8.2%
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CLMTOther Specialty Products — Revenue
$365.5M+19.8%
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CLMTSolvents — Revenue
$107.9M+3.1%

Other financials

Income statement

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Revenue$949.5M-2.2%
Gross profit$217.3M-17.0%
Operating income$109.7M+29.5%
Net income-$287.7M-2,196%
EPS (diluted)-$0.54

Balance sheet

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Cash & equivalents$8.5M+50.6%
Total debt$3.4B+8.9%
Total equity$119.5M-26.5%
Total assets$4.2B-9.4%

Cash flow

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Operating cash flow$110.0M-29.0%
CapEx$31.6M-16.4%
Free cash flow$78.4M-33.1%

Valuation

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Market cap$2.05B+155%
Enterprise value$5.4B+32.6%
P/S0.7×+0.4×

Profitability

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Gross margin30.9%+3.1pp
Operating margin12%
Net margin-4.5%-5.6pp
FCF margin4.6%+3.1pp

Returns & leverage

See full
Return on equity112.8%+89.0pp
Debt / equity25.6×+5.9×
Current ratio-0.3×

Where this comes from

Reported directly by NGL Energy Partners in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: NGL Energy Partners’s 10-K, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NGL Energy Partners's butane sales — topic 606 revenues, excluding assessed tax?
NGL Energy Partners (NGL) reported butane sales — topic 606 revenues, excluding assessed tax of $147.5M in Q1 2026.
How has NGL Energy Partners's butane sales — topic 606 revenues, excluding assessed tax changed year-over-year?
NGL Energy Partners's butane sales — topic 606 revenues, excluding assessed tax decreased by 8.4% year-over-year, from $161.1M to $147.5M.
What is the long-term trend for NGL Energy Partners's butane sales — topic 606 revenues, excluding assessed tax?
Over 4 years (2022 to 2026), NGL Energy Partners's butane sales — topic 606 revenues, excluding assessed tax has grown at a -10.5% compound annual growth rate (CAGR), from $862M to $553.63M.
What does butane sales — topic 606 revenues, excluding assessed tax mean?
This metric measures the gross revenue generated from the sale of butane products, adjusted to exclude taxes assessed by governmental authorities. It serves as a primary indicator of the segment's top-line performance and market demand for butane. By isolating revenue from tax impacts, it allows for a clearer assessment of the segment's core commercial activity and pricing power.