What is NGL Energy Partners's unbilled revenue?

NGL Energy Partners (NGL) reported unbilled revenue of $4.32M in Q4 2025.

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

NGL Energy Partners's unbilled revenue decreased by 1.3% year-over-year, from $4.38M to $4.32M.

NGL Energy Partners NGL Unbilled Revenue

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Other financials

Income statement

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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

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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$1.96B+155%

Enterprise value$5.31B+32.6%

P/S0.6×+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 ratio1×-0.3×

Where this comes from

Reported directly by NGL Energy Partners in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetGrossCurrent.

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 unbilled revenue?: NGL Energy Partners (NGL) reported unbilled revenue of $4.32M in Q4 2025.
How has NGL Energy Partners's unbilled revenue changed year-over-year?: NGL Energy Partners's unbilled revenue decreased by 1.3% year-over-year, from $4.38M to $4.32M.