What is NGL Energy Partners's unbilled revenue?

NGL Energy Partners (NGL) reported unbilled revenue of $405.26M in Q4 2025.

How has NGL Energy Partners's unbilled revenue changed year-over-year?

NGL Energy Partners's unbilled revenue decreased by 2.5% year-over-year, from $415.72M to $405.26M.

What is the long-term trend for NGL Energy Partners's unbilled revenue?

Over 3 years (2022 to 2025), NGL Energy Partners's unbilled revenue has grown at a -21.4% compound annual growth rate (CAGR), from $605.38M to $294.38M.

NGL Energy Partners NGL Unbilled revenue

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$1.96B+155%

Enterprise value$5.31B+32.6%

P/S0.6×+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:ContractWithCustomerReceivableBeforeAllowanceForCreditLoss.

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

Ask your AI about NGL Energy Partners's unbilled revenue.

Connect your AI assistant and see it in context, right in your chat.

Connect your AI

Claude

Questions, answered.

What is NGL Energy Partners's unbilled revenue?: NGL Energy Partners (NGL) reported unbilled revenue of $405.26M in Q4 2025.
How has NGL Energy Partners's unbilled revenue changed year-over-year?: NGL Energy Partners's unbilled revenue decreased by 2.5% year-over-year, from $415.72M to $405.26M.
What is the long-term trend for NGL Energy Partners's unbilled revenue?: Over 3 years (2022 to 2025), NGL Energy Partners's unbilled revenue has grown at a -21.4% compound annual growth rate (CAGR), from $605.38M to $294.38M.