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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$2.05B+155%
Enterprise value$5.4B+32.6%
P/S0.7×+0.4×

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 official record: NGL Energy Partners’s 10-Q, filed February 3, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.