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+117% | $320.08M+63.4% | $220.03M-9.8% | $167.63M-40.2% | $160.02M-42.3% | |
| Liquids Logistics | $383.47M-36.7% | $380.99M-36.4% | $244.65M-26.0% | $253.09M-15.0% | $605.8M— | |
| Water Solutions | $219.32M+6.9% | $208.57M+11.4% | $209.74M+15.3% | $201.28M+11.0% | $205.14M+18.6% | |
| Segment Reporting, other items by Business | ||||||
| Crude Oil Logistics | -$33K-925% | $0+100% | $0-100% | $0+100% | $4K-84.2% | |
| Liquids Logistics | $7K-99.8% | $0+100% | $0-100% | -$5K-150% | $2.93M+78,233% | |
| Water Solutions | -$9.1M-989% | $1.42M+1,657% | $1.16M+514% | $1.15M+48.5% | $1.02M+10.7% | |
| Non-Topic 606 revenues by Business | ||||||
| Crude Oil Logistics | $1.24M-21.3% | $1.23M-33.4% | $1.22M-31.5% | $1.37M-23.3% | $1.58M-24.6% | |
| Liquids Logistics | $3.36M-7.6% | $2.49M-44.8% | $2.01M-30.3% | $1.76M-37.3% | $3.63M— | |
| Water Solutions | $22K+46.7% | $60K+300% | $15K0.0% | $15K0.0% | $15K-91.4% | |
| Segment Reporting, cost of sales by Business | ||||||
| Crude Oil Logistics | $319.15M+132% | $294.26M+75.2% | $193.08M-10.5% | $148.25M-41.1% | $137.42M-64.0% | |
| Liquids Logistics | $356.72M-38.1% | $356.01M-37.3% | $224.66M-26.3% | $243.38M-13.4% | $576.44M+39.1% | |
| Water Solutions | $4.02M+174% | $1.31M-45.3% | $1.08M+213% | $1.66M-10.9% | -$5.4M-298% | |
| Segment Reporting, operating, general and administrative expenses by Business | ||||||
| Crude Oil Logistics | $10.26M+8.3% | $10.46M-0.6% | $10.4M-4.3% | $9.8M-1.9% | $9.47M-11.0% | |
| Liquids Logistics | $9.86M-15.6% | $9.78M-31.8% | $9.47M-34.2% | $6.84M-37.3% | $11.67M-16.0% | |
| Water Solutions | $60.2M+4.7% | $51.35M-1.8% | $55.6M+2.5% | $55.61M+4.6% | $57.5M+6.8% | |
| Total Assets by Business | ||||||
| Crude Oil Logistics | $923.69M-22.9% | $1.13B-11.2% | $1.14B-11.2% | $1.07B-20.9% | $1.2B-12.4% | |
| Liquids Logistics | $387.97M-29.3% | $408.9M-42.0% | $396.46M-43.9% | $338.74M-45.4% | $548.9M-20.1% | |
| Water Solutions | $2.81B+0.5% | $2.79B-0.7% | $2.71B-4.9% | $2.73B-2.9% | $2.79B-3.1% | |
| Adjusted EBITDA by Business | ||||||
| Crude Oil Logistics | $17.45M+33.0% | $15.36M-11.5% | $16.55M-4.1% | $9.58M-48.6% | $13.12M-39.6% | |
| Liquids Logistics | $16.9M-4.5% | $15.2M-18.1% | $10.52M-7.5% | $2.87M-49.9% | $17.69M+32.8% | |
| Water Solutions | $153.46M-0.9% | $154.5M+16.5% | $151.9M+17.9% | $142.87M+13.7% | $154.87M+21.9% | |
| (Gain) loss on sales and write-downs of certain assets by Business | ||||||
| Crude Oil Logistics | $282K— | -$2K— | -$10K+97.7% | -$3K-114% | —— | |
| Liquids Logistics | -$6K-500% | $0+100% | $0— | -$13K— | -$1K— | |
| Water Solutions | $4.5M— | $5.67M-26.8% | $6.38M+228% | $1.49M+1,791% | $0-100% | |
| CapEx by Business | ||||||
| Crude Oil Logistics | $3.22M+86.2% | $1.73M-26.4% | $1.39M-20.4% | $403K-63.2% | $1.73M+0.9% | |
| Liquids Logistics | $2.23M-5.7% | $1.56M-32.6% | $1.63M-59.0% | $1.65M-53.6% | $2.36M-40.9% | |
| Water Solutions | $28.91M-15.4% | $126.12M+481% | $47.26M-46.0% | $18.97M-70.7% | $34.17M+6.3% | |
| Total revenues by Product | ||||||
| Product | $759.04M-2.5% | $716.47M-10.4% | $484.26M-15.8% | $436.42M-26.0% | $778.6M-10.2% | |
| Service | $190.47M-1.0% | $193.34M+5.7% | $190.42M+4.9% | $185.74M+9.7% | $192.47M+12.3% | |
| Topic 606 revenues, excluding assessed tax by Product | ||||||
| Butane sales | $147.5M-8.4% | $192.49M-27.5% | $113.99M-7.7% | $99.64M+1.6% | $161.1M-15.1% | |
| Crude oil sales | $375.97M+119% | $335.66M+67.1% | $239.89M-3.9% | $183.34M-37.5% | $171.66M-40.4% | |
| Crude oil transportation and other | $8.13M-49.9% | $6.48M-62.2% | $6.99M-59.0% | $7.73M-51.1% | $16.24M+9.6% | |
| Disposal service fees | $177.44M+3.2% | $182.79M+13.2% | $179.83M+15.5% | $174.64M+18.0% | $171.96M+23.2% | |
| Other product sales | $90.05M-12.5% | $90.05M-12.5% | $90.05M-12.5% | $90.05M-12.5% | $102.92M+9.0% | |
| Other revenues | $2.17M+83.3% | $940K+24.8% | $935K-83.6% | $841K-68.7% | $1.18M-70.5% | |
| Propane | $148.98M-57.2% | $93.92M-56.5% | $31.71M-64.7% | $61.48M-36.9% | $348.25M+18.1% | |
| Sale of water | $2.65M-16.5% | $1.86M+26.6% | $1.36M+94.6% | $1.42M-37.9% | $3.17M+59.8% | |
| Total cost of sales by Product | ||||||
| Product | $726.83M+4.6% | $640.51M-10.8% | $415.55M-17.5% | $370.21M-28.8% | $695.17M-10.4% | |
| Service | $5.43M-61.9% | $5.56M-67.8% | $5.47M-71.3% | $12.6M-34.2% | $14.27M-30.2% | |
| Fair Value of Net Assets (Liabilities) by Product | ||||||
| Butane sales | -$12M-2,390% | $1.28M+137% | $170K+103% | $1.96M+148% | -$482K+78.3% | |
| Crude oil sales | -$23.66M-264% | $2.68M+206% | -$524K-4.8% | -$3.25M-444% | -$6.49M-116% | |
| Propane | $153K— | -$1.86M+26.6% | -$74K+98.4% | $213K+106% | —— | |
| Derivative, Nonmonetary Notional Amount by Product | ||||||
| Butane sales | $1.28M+11.2% | $213K-55.1% | $747K-49.6% | $803K-30.6% | $1.15M+16.9% | |
| Crude oil sales | $580K+1,083% | $540K+124% | $531K+222% | $162K-50.9% | -$59K-134% | |
| Propane | $163K— | -$636K+96.4% | -$373K+98.8% | $103K+101% | —— | |
| Interest rate swap fixed interest rate by Product | ||||||
| April interest rate swap | 3.8%— | 3.8%— | 3.8%-0.9pp | —— | —— | |
| March interest rate swap | 4.3%0.0pp | 4.3%0.0pp | 4.3%0.0pp | 4.3%0.0pp | 4.3%— | |
| Income taxes paid (net of income tax refunds) by Geography | ||||||
| CANADA | $107.75K+5.1% | $107.75K+5.1% | $107.75K+5.1% | $107.75K+5.1% | $102.5K-50.5% | |
| TEXAS | $168.75K-30.9% | $168.75K-30.9% | $168.75K-30.9% | $168.75K-30.9% | $244.25K+74.5% |
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.