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NGL Energy Partners NGL Operating Income

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Other financials

Income statement

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Revenue$949.5M-2.2%
Gross profit$217.3M-17.0%
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

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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:OperatingIncomeLoss.

The source filing: NGL Energy Partners’s 10-Q, filed February 3, 2026.

Filed
Feb 3, 2026, 4:23 PM EST
Fiscal quarter
Q3 FY2026
Calendar quarter
Q4 2025
Accession
0001504461-26-000003
Line itemThree Months Ended December 31, 2025Three Months Ended December 31, 2024Nine Months Ended December 31, 2025Nine Months Ended December 31, 2024
Depreciation and amortization62,27966,239192,858190,278
Loss on disposal or impairment of assets, net6,1479,9413,542784
Revaluation of liabilities(2,960)(2,960)
Operating Income109,65084,662301,351248,232
OTHER INCOME (EXPENSE):
Equity in earnings of unconsolidated entities1,3762013,198
Interest expense(63,834)(63,058)(194,087)(209,977)
(Loss) gain on early extinguishment of liabilities, net(1,000)492

Item 1. Financial Statements

FAQ

What is NGL Energy Partners's operating income?
NGL Energy Partners (NGL) reported operating income of $109.65M in Q4 2025.
How has NGL Energy Partners's operating income changed year-over-year?
NGL Energy Partners's operating income increased by 29.5% year-over-year, from $84.66M to $109.65M.
What is the long-term trend for NGL Energy Partners's operating income?
Over 2 years (2022 to 2025), NGL Energy Partners's operating income has grown at a 99.2% compound annual growth rate (CAGR), from $83.04M to $329.36M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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