NGL Energy Partners NGL Business Segments
| TTM Q4 '26 | TTM Q3 '26 | TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| Crude Oil Logistics | $1.05B+19.9% | $867.76M-13.0% | $743.51M-39.4% | $767.32M-47.9% | $879.9M-46.9% | |
| Liquids Logistics | $1.26B-31.2% | $1.48B— | $1.7B— | $1.79B— | $1.83B— | |
| Water Solutions | $838.91M+11.0% | $824.73M+14.0% | $803.43M+12.3% | $775.56M+6.1% | $755.69M+3.4% | |
| Segment Reporting, other items by Business | ||||||
| Crude Oil Logistics | -$33K-1,750% | $4K-82.8% | $3K-93.9% | $4K-94.6% | $2K-98.0% | |
| Liquids Logistics | $2K-99.9% | $2.93M+299% | $1.44M+13,652% | $1.46M+11,149% | $1.47M+9,880% | |
| Water Solutions | -$5.38M-477% | $4.75M+258% | $3.24M+38.3% | $1.8M-49.2% | $1.43M-61.4% | |
| Non-Topic 606 revenues by Business | ||||||
| Crude Oil Logistics | $5.06M-27.6% | $5.4M-28.1% | $6.01M-24.0% | $6.57M-23.9% | $6.99M-24.2% | |
| Liquids Logistics | $9.61M-30.5% | $9.89M— | $11.91M— | $12.78M— | $13.83M— | |
| Water Solutions | $112K+86.7% | $105K-52.1% | $60K-84.7% | $60K-90.7% | $60K-92.3% | |
| Segment Reporting, cost of sales by Business | ||||||
| Crude Oil Logistics | $954.74M+23.6% | $773.01M-24.0% | $646.7M-47.5% | $669.33M-52.1% | $772.67M-49.4% | |
| Liquids Logistics | $1.18B-31.8% | $1.4B-10.7% | $1.61B+14.0% | $1.69B+11.1% | $1.73B+4.4% | |
| Water Solutions | $8.06M+483% | -$1.36M-123% | -$274K-104% | -$2.31M-123% | -$2.11M-119% | |
| Segment Reporting, operating, general and administrative expenses by Business | ||||||
| Crude Oil Logistics | $40.92M+0.1% | $40.13M-4.5% | $40.2M-4.6% | $40.67M-3.0% | $40.87M-4.0% | |
| Liquids Logistics | $35.95M-29.9% | $37.76M-29.5% | $42.32M-20.3% | $47.24M-10.2% | $51.31M-7.7% | |
| Water Solutions | $222.75M+2.5% | $220.06M+3.1% | $221.02M+2.8% | $219.65M+2.3% | $217.22M+0.9% | |
| Total Assets by Business | ||||||
| Crude Oil Logistics | $4.26B-16.5% | $4.54B-14.0% | $4.68B-15.1% | $4.82B-19.0% | $5.11B-16.5% | |
| Liquids Logistics | $1.53B-40.7% | $1.69B-37.7% | $1.99B-31.7% | $2.3B-26.2% | $2.58B-20.7% | |
| Water Solutions | $11.04B-2.0% | $11.03B-2.9% | $11.05B-3.6% | $11.19B-3.1% | $11.27B-3.7% | |
| Adjusted EBITDA by Business | ||||||
| Crude Oil Logistics | $58.94M-11.2% | $54.62M-27.2% | $56.61M-28.6% | $57.32M-31.6% | $66.37M-23.6% | |
| Liquids Logistics | $45.48M-14.8% | $46.28M-5.6% | $49.65M+13.5% | $50.5M+10.5% | $53.37M+0.2% | |
| Water Solutions | $602.73M+11.2% | $604.14M+17.5% | $582.3M+14.5% | $559.26M+10.3% | $542M+6.6% | |
| (Gain) loss on sales and write-downs of certain assets by Business | ||||||
| Crude Oil Logistics | $267K— | —— | —— | —— | —— | |
| Liquids Logistics | -$19K— | -$14K— | -$641K— | —— | —— | |
| Water Solutions | $18.04M+84.8% | $13.54M-63.2% | $15.61M-43.3% | $11.18M-59.6% | $9.76M-74.9% | |
| CapEx by Business | ||||||
| Crude Oil Logistics | $6.74M-2.6% | $5.25M-24.0% | $5.87M-14.2% | $6.22M-11.5% | $6.92M+0.1% | |
| Liquids Logistics | $7.06M-42.1% | $7.2M-48.0% | $7.95M-45.6% | $10.29M-32.5% | $12.2M-22.7% | |
| Water Solutions | $221.26M+6.3% | $226.52M+9.9% | $122.12M-44.4% | $162.46M-4.9% | $208.17M+43.5% | |
| Total revenues by Product | ||||||
| Product | $2.4B-12.6% | $2.42B-14.7% | $2.5B-13.8% | $2.59B-18.8% | $2.74B-20.9% | |
| Service | $759.97M+4.6% | $761.97M+8.1% | $751.58M+8.4% | $742.61M+8.7% | $726.23M+6.0% | |
| Topic 606 revenues, excluding assessed tax by Product | ||||||
| Butane sales | $553.63M-14.6% | $567.23M-16.2% | $640.41M-4.8% | $649.92M-0.8% | $648.3M+3.3% | |
| Crude oil sales | $1.13B+23.9% | $930.55M-9.8% | $795.78M-37.3% | $805.61M-47.2% | $915.66M-46.3% | |
| Crude oil transportation and other | $29.33M-55.7% | $37.44M-42.3% | $48.12M-18.1% | $58.18M+7.9% | $66.26M+32.1% | |
| Disposal service fees | $714.69M+12.2% | $709.21M+17.3% | $687.87M+16.3% | $663.76M+11.3% | $637.1M+6.5% | |
| Other product sales | $360.21M-12.5% | $373.08M-7.5% | $385.95M-2.2% | $398.82M+3.3% | $411.69M+9.0% | |
| Other revenues | $4.88M-52.7% | $3.9M-70.3% | $3.71M-76.0% | $8.46M-53.8% | $10.31M-51.5% | |
| Propane | $336.08M-55.3% | $535.35M-23.3% | $657.49M-7.2% | $715.5M-0.8% | $751.38M+2.1% | |
| Sale of water | $7.29M-4.4% | $7.81M+21.3% | $7.42M-11.3% | $6.76M-28.4% | $7.63M-34.2% | |
| Total cost of sales by Product | ||||||
| Product | $2.15B-11.7% | $2.12B-15.8% | $2.2B-14.6% | $2.29B-19.7% | $2.44B-21.5% | |
| Service | $29.06M-58.3% | $37.9M-50.1% | $49.6M-37.3% | $63.2M-21.4% | $69.75M-14.7% | |
| Fair Value of Net Assets (Liabilities) by Product | ||||||
| Butane sales | -$8.6M+36.6% | $2.93M+119% | -$1.86M+86.4% | -$7.55M-31.6% | -$13.56M-243% | |
| Crude oil sales | -$24.75M-145% | -$7.59M-14.7% | -$12.78M-299% | -$12.75M-123% | -$10.1M-110% | |
| Propane | -$1.57M— | —— | —— | —— | —— | |
| Derivative, Nonmonetary Notional Amount by Product | ||||||
| Butane sales | $3.04M-28.6% | $2.91M-28.9% | $3.17M-27.9% | $3.91M+9.9% | $4.26M-76.2% | |
| Crude oil sales | $1.81M+168% | $1.17M+29.0% | $875K-27.1% | $509K-60.2% | $677K+1,015% | |
| Propane | -$743K— | —— | —— | —— | —— | |
| Interest rate swap fixed interest rate by Product | ||||||
| March interest rate swap | 17.3%0.0pp | 17.3%— | 17.3%— | 17.3%— | 17.3%— | |
| Income taxes paid (net of income tax refunds) by Geography | ||||||
| CANADA | $431K+5.1% | $425.75K-17.3% | $420.5K-32.1% | $415.25K-42.7% | $410K-50.5% | |
| TEXAS | $675K-30.9% | $750.5K-14.0% | $826K+7.5% | $901.5K+35.7% | $977K+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.
