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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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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$2.17B+305%
Enterprise value$5.51B+56.1%
P/S0.7×+0.5×

Profitability

See full
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 source filing: NGL Energy Partners’s 10-K, filed May 28, 2026.

Filed
May 28, 2026, 4:25 PM EDT
Fiscal year
FY2026
Accession
0001504461-26-000012
Line itemYear Ended March 31, 2026Year Ended March 31, 2025Year Ended March 31, 2024
Revenues:
Water Solutions:
Topic 606 revenues
Disposal service fees$714,686$637,098$598,046
Sale of recovered crude oil114,617109,008107,367
Sale of water7,2887,62511,594
Other service revenues2,2111,89613,030
Non-Topic 606 revenues11260781

Item 16. Form 10-K Summary

FAQ

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.

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