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NGL Energy Partners NGL Propane — 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%
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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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 propane — topic 606 revenues, excluding assessed tax?
NGL Energy Partners (NGL) reported propane — topic 606 revenues, excluding assessed tax of $148.98M in Q1 2026.
How has NGL Energy Partners's propane — topic 606 revenues, excluding assessed tax changed year-over-year?
NGL Energy Partners's propane — topic 606 revenues, excluding assessed tax decreased by 57.2% year-over-year, from $348.25M to $148.98M.
What is the long-term trend for NGL Energy Partners's propane — topic 606 revenues, excluding assessed tax?
Over 4 years (2022 to 2026), NGL Energy Partners's propane — topic 606 revenues, excluding assessed tax has grown at a -29.0% compound annual growth rate (CAGR), from $1.32B to $336.08M.
What does propane — topic 606 revenues, excluding assessed tax mean?
This metric measures the gross revenue generated from the sale of propane products, excluding any taxes assessed by governmental authorities that are collected from customers. It serves as a primary indicator of the segment's top-line performance and market demand for propane services. By stripping out tax components, it allows for a cleaner comparison of core business growth and sales volume trends over time.

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