NGL Energy Partners NGL Business Segments
| Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| Crude Oil Logistics | $346.89M+8.4% | $320.08M+45.5% | $220.03M+31.3% | $167.63M+4.8% | $160.02M-18.3% | |
| Liquids Logistics | $383.47M+0.7% | $380.99M+55.7% | $244.65M-3.3% | $253.09M-58.2% | $605.8M+1.1% | |
| Water Solutions | $219.32M+5.2% | $208.57M-0.6% | $209.74M+4.2% | $201.28M-1.9% | $205.14M+9.5% | |
| Segment Reporting, other items by Business | ||||||
| Crude Oil Logistics | -$33K— | $0— | $0— | $0-100% | $4K+500% | |
| Liquids Logistics | $7K— | $0— | $0+100% | -$5K-100% | $2.93M+298% | |
| Water Solutions | -$9.1M-742% | $1.42M+22.3% | $1.16M+1.0% | $1.15M+12.1% | $1.02M+1,225% | |
| Non-Topic 606 revenues by Business | ||||||
| Crude Oil Logistics | $1.24M+1.1% | $1.23M+0.5% | $1.22M-11.1% | $1.37M-12.9% | $1.58M-14.3% | |
| Liquids Logistics | $3.36M+35.1% | $2.49M+23.6% | $2.01M+14.3% | $1.76M-51.6% | $3.63M-19.3% | |
| Water Solutions | $22K-63.3% | $60K+300% | $15K0.0% | $15K0.0% | $15K0.0% | |
| Segment Reporting, cost of sales by Business | ||||||
| Crude Oil Logistics | $319.15M+8.5% | $294.26M+52.4% | $193.08M+30.2% | $148.25M+7.9% | $137.42M-18.2% | |
| Liquids Logistics | $356.72M+0.2% | $356.01M+58.5% | $224.66M-7.7% | $243.38M-57.8% | $576.44M+1.5% | |
| Water Solutions | $4.02M+207% | $1.31M+20.9% | $1.08M-34.8% | $1.66M+131% | -$5.4M-326% | |
| Segment Reporting, operating, general and administrative expenses by Business | ||||||
| Crude Oil Logistics | $10.26M-2.0% | $10.46M+0.6% | $10.4M+6.2% | $9.8M+3.5% | $9.47M-10.0% | |
| Liquids Logistics | $9.86M+0.8% | $9.78M+3.3% | $9.47M+38.4% | $6.84M-41.4% | $11.67M-18.6% | |
| Water Solutions | $60.2M+17.2% | $51.35M-7.6% | $55.6M0.0% | $55.61M-3.3% | $57.5M+9.9% | |
| Total Assets by Business | ||||||
| Crude Oil Logistics | $923.69M-18.2% | $1.13B-0.9% | $1.14B+6.2% | $1.07B-10.6% | $1.2B-5.7% | |
| Liquids Logistics | $387.97M-5.1% | $408.9M+3.1% | $396.46M+17.0% | $338.74M-38.3% | $548.9M-22.2% | |
| Water Solutions | $2.81B+0.7% | $2.79B+2.8% | $2.71B-0.6% | $2.73B-2.3% | $2.79B-0.5% | |
| Adjusted EBITDA by Business | ||||||
| Crude Oil Logistics | $17.45M+13.6% | $15.36M-7.2% | $16.55M+72.7% | $9.58M-27.0% | $13.12M-24.4% | |
| Liquids Logistics | $16.9M+11.2% | $15.2M+44.4% | $10.52M+266% | $2.87M-83.8% | $17.69M-4.7% | |
| Water Solutions | $153.46M-0.7% | $154.5M+1.7% | $151.9M+6.3% | $142.87M-7.7% | $154.87M+16.7% | |
| (Gain) loss on sales and write-downs of certain assets by Business | ||||||
| Crude Oil Logistics | $282K+14,200% | -$2K+80.0% | -$10K-233% | -$3K— | —— | |
| Liquids Logistics | -$6K— | $0— | $0+100% | -$13K-1,200% | -$1K+99.8% | |
| Water Solutions | $4.5M-20.6% | $5.67M-11.1% | $6.38M+327% | $1.49M— | $0-100% | |
| CapEx by Business | ||||||
| Crude Oil Logistics | $3.22M+86.0% | $1.73M+24.7% | $1.39M+244% | $403K-76.7% | $1.73M-26.5% | |
| Liquids Logistics | $2.23M+42.6% | $1.56M-4.1% | $1.63M-1.4% | $1.65M-30.1% | $2.36M+1.9% | |
| Water Solutions | $28.91M-77.1% | $126.12M+167% | $47.26M+149% | $18.97M-44.5% | $34.17M+57.4% | |
| Total revenues by Product | ||||||
| Product | $759.04M+5.9% | $716.47M+48.0% | $484.26M+11.0% | $436.42M-43.9% | $778.6M-2.6% | |
| Service | $190.47M-1.5% | $193.34M+1.5% | $190.42M+2.5% | $185.74M-3.5% | $192.47M+5.2% | |
| Topic 606 revenues, excluding assessed tax by Product | ||||||
| Butane sales | $147.5M-23.4% | $192.49M+68.9% | $113.99M+14.4% | $99.64M-38.1% | $161.1M-39.4% | |
| Crude oil sales | $375.97M+12.0% | $335.66M+39.9% | $239.89M+30.8% | $183.34M+6.8% | $171.66M-14.6% | |
| Crude oil transportation and other | $8.13M+25.5% | $6.48M-7.3% | $6.99M-9.6% | $7.73M-52.4% | $16.24M-5.4% | |
| Disposal service fees | $177.44M-2.9% | $182.79M+1.6% | $179.83M+3.0% | $174.64M+1.6% | $171.96M+6.5% | |
| Other product sales | $90.05M0.0% | $90.05M0.0% | $90.05M0.0% | $90.05M-12.5% | $102.92M0.0% | |
| Other revenues | $2.17M+130% | $940K+0.5% | $935K+11.2% | $841K-28.8% | $1.18M+56.8% | |
| Propane | $148.98M+58.6% | $93.92M+196% | $31.71M-48.4% | $61.48M-82.3% | $348.25M+61.2% | |
| Sale of water | $2.65M+42.1% | $1.86M+36.7% | $1.36M-4.0% | $1.42M-55.2% | $3.17M+115% | |
| Total cost of sales by Product | ||||||
| Product | $726.83M+13.5% | $640.51M+54.1% | $415.55M+12.2% | $370.21M-46.7% | $695.17M-3.2% | |
| Service | $5.43M-2.4% | $5.56M+1.8% | $5.47M-56.6% | $12.6M-11.7% | $14.27M-17.4% | |
| Fair Value of Net Assets (Liabilities) by Product | ||||||
| Butane sales | -$12M-1,036% | $1.28M+655% | $170K-91.3% | $1.96M+506% | -$482K+86.2% | |
| Crude oil sales | -$23.66M-984% | $2.68M+610% | -$524K+83.9% | -$3.25M+50.0% | -$6.49M-158% | |
| Propane | $153K+108% | -$1.86M-2,419% | -$74K-135% | $213K— | —— | |
| Derivative, Nonmonetary Notional Amount by Product | ||||||
| Butane sales | $1.28M+500% | $213K-71.5% | $747K-7.0% | $803K-30.1% | $1.15M+142% | |
| Crude oil sales | $580K+7.4% | $540K+1.7% | $531K+228% | $162K+375% | -$59K-124% | |
| Propane | $163K+126% | -$636K-70.5% | -$373K-462% | $103K— | —— | |
| Interest rate swap fixed interest rate by Product | ||||||
| April interest rate swap | 3.8%0.0pp | 3.8%0.0pp | 3.8%— | —— | —— | |
| March interest rate swap | 4.3%0.0pp | 4.3%0.0pp | 4.3%0.0pp | 4.3%0.0pp | 4.3%0.0pp | |
| Income taxes paid (net of income tax refunds) by Geography | ||||||
| CANADA | $107.75K0.0% | $107.75K0.0% | $107.75K0.0% | $107.75K+5.1% | $102.5K0.0% | |
| TEXAS | $168.75K0.0% | $168.75K0.0% | $168.75K0.0% | $168.75K-30.9% | $244.25K0.0% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does NGL Energy Partners break its business down?
- NGL Energy Partners (NGL) reports total revenues by business across 3 parts — Crude Oil Logistics, Liquids Logistics and Water Solutions. Each is extracted from the segment footnotes and tracked over time.
- Where does NGL Energy Partners's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in NGL Energy Partners's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
