What does water solutions — non-topic 606 revenues mean?

This metric captures revenue streams within the Water Solutions segment that fall outside the scope of standard ASC 606 revenue recognition criteria, such as certain lease or financial instrument-related income. It helps investors distinguish between core contract-based revenue and other forms of segment income.

NGL Energy Partners NGL Water Solutions — Non-Topic 606 revenues

Other segment segments

Liquids Logistics

$3.36M-7.6%

Crude Oil Logistics

$1.24M-21.3%

Similar metrics at other companies

XYLWater Solutions and Services — Revenue

$566M+0.5%

PNRWater Solutions — Net Sales

$391M-0.6%

WTTRWater Services — Revenue

$192.94M-15.4%

XYLWater Solutions and Services — Other segment item

$27M-20.6%

AWK

AWKWater Services — Other Revenues Not from Contracts with Customers

$0—

WEXBenefits — Non-Topic 606 revenues

$55.9M+22.1%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$110.0M-29.0%

CapEx$31.6M-16.4%

Free cash flow$78.4M-33.1%

Valuation

See full

Market cap$2.05B+155%

Enterprise value$5.4B+32.6%

P/S0.7×+0.4×

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 ratio1×-0.3×

Where this comes from

Reported directly by NGL Energy Partners in its filing.

Tagged under the XBRL concept us-gaap:RevenueNotFromContractWithCustomer.

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 water solutions — non-topic 606 revenues?: NGL Energy Partners (NGL) reported water solutions — non-topic 606 revenues of $22K in Q1 2026.
How has NGL Energy Partners's water solutions — non-topic 606 revenues changed year-over-year?: NGL Energy Partners's water solutions — non-topic 606 revenues increased by 46.7% year-over-year, from $15K to $22K.
What does water solutions — non-topic 606 revenues mean?: This metric captures revenue streams within the Water Solutions segment that fall outside the scope of standard ASC 606 revenue recognition criteria, such as certain lease or financial instrument-related income. It helps investors distinguish between core contract-based revenue and other forms of segment income.