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NGL Energy Partners NGL Disposal service fees — Topic 606 revenues, excluding assessed tax

Other product segments

Crude oil sales
$375.97M+119%
Other product sales
$360.21M-12.5%
Propane
$148.98M-57.2%
Butane sales
$147.5M-8.4%
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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$4.05B+1,660%
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STTOther fee revenue — Topic 606 revenue
$107M+8.1%
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$4.05B+48.9%
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$9.9M+702%

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

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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 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 disposal service fees — topic 606 revenues, excluding assessed tax?
NGL Energy Partners (NGL) reported disposal service fees — topic 606 revenues, excluding assessed tax of $177.44M in Q1 2026.
How has NGL Energy Partners's disposal service fees — topic 606 revenues, excluding assessed tax changed year-over-year?
NGL Energy Partners's disposal service fees — topic 606 revenues, excluding assessed tax increased by 3.2% year-over-year, from $171.96M to $177.44M.
What is the long-term trend for NGL Energy Partners's disposal service fees — topic 606 revenues, excluding assessed tax?
Over 4 years (2022 to 2026), NGL Energy Partners's disposal service fees — topic 606 revenues, excluding assessed tax has grown at a 14.7% compound annual growth rate (CAGR), from $413.3M to $714.69M.
What does disposal service fees — topic 606 revenues, excluding assessed tax mean?
This metric represents the total revenue generated from providing wastewater treatment, disposal services, and solids management for oil and gas production activities, excluding any assessed taxes. It reflects the core demand for the company's environmental and logistics infrastructure services within the energy production lifecycle. Investors use this to assess the scale and growth trajectory of the company's specialized waste management and disposal operations.

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