12 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2026 | $3.2B | -$142M | 30.9% | 3.0% | $145M | $3.2B | $9M |
| 2025 | $3.5B | $39M | 27.7% | 9.5% | $52M | $3.0B | $6M |
| 2024 | $4.2B | -$144M | 23.3% | 3.9% | $224M | $2.9B | $39M |
| 2023 | $5.7B | $51M | 17.4% | 4.3% | $297M | $2.9B | $5M |
| 2022 | $7.9B | -$185M | 10.2% | 1.0% | $63M | $3.4B | $4M |
| 2021 | $5.2B | -$640M | 14.0% | -7.5% | $117M | $3.4B | $5M |
| 2020 | $7.6B | -$397M | 12.9% | -0.0% | -$92M | $3.2B | $23M |
| 2019 | $8.7B | $360M | 8.1% | 1.5% | -$118M | $2.2B | $19M |
| 2018 | $7.0B | -$71M | 9.9% | 2.7% | $4M | $2.7B | $22M |
| 2017 | $5.2B | $137M | 9.2% | 4.3% | -$328M | $3.0B | $8M |
| 2016 | — | -$199M | — | — | -$285M | $2.9B | $25M |
| 2015 | — | $37M | — | — | — | $2.7B | $35M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $950M | -$288M | 22.9% | -21.8% | $78M | $3.2B | $9M |
| Dec '25 | $910M | $47M | 29.0% | 12.1% | $46M | $2.9B | $6M |
| Sep '25 | $675M | $29M | 37.6% | 14.0% | $10M | $2.9B | $9M |
| Jun '25 | $622M | $69M | 38.5% | 15.7% | $11M | $2.9B | $5M |
| Mar '25 | $971M | $14M | 26.9% | 8.4% | $117M | $3.0B | $6M |
| Dec '24 | $982M | $14M | 25.1% | 8.6% | $152M | $3.1B | $6M |
| Sep '24 | $756M | $2M | 30.9% | 10.8% | -$83M | $3.1B | $4M |
| Jun '24 | $759M | $10M | 29.0% | 10.8% | -$78M | $3.0B | $5M |
| Mar '24 | $1.0B | -$237M | 21.8% | -9.4% | $120M | $2.9B | $39M |
| Dec '23 | $1.2B | $46M | 21.9% | 8.5% | $53M | $2.7B | — |
| Sep '23 | $1.0B | $28M | 25.4% | 8.5% | $31M | $2.8B | — |
| Jun '23 | $1.6B | $19M | 14.7% | 4.5% | $19M | $2.8B | — |
| Mar '23 | $2.0B | -$34M | 13.6% | 1.5% | $213M | $2.9B | $5M |
| Dec '22 | $2.1B | $59M | 13.0% | 4.8% | $210M | $3.3B | $5M |
| Sep '22 | $2.0B | $4M | 12.2% | 3.4% | -$87M | $3.5B | $5M |
| Jun '22 | $2.5B | $23M | 9.7% | 3.5% | -$39M | $3.4B | $816000 |
| Mar '22 | $2.5B | -$29M | 7.7% | 1.5% | $144M | $3.4B | $4M |
| Dec '21 | $2.2B | -$19M | 10.2% | 2.3% | $5M | $3.5B | $5M |
| Sep '21 | $1.8B | -$2M | 13.0% | 3.7% | -$34M | $3.5B | $6M |
| Jun '21 | $1.5B | -$135M | 11.0% | -4.7% | -$52M | $3.4B | $2M |
How the market has priced NGL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, NGL Energy Partners LP's revenue has declined 9.6% per year. These are computed facts, not advice.
As of FY2026, NGL Energy Partners LP reported $3.2B of total debt against $9M of cash; operating income covered interest expense 0.4×.
In FY2026, gross margin was 30.9%, operating margin 3.0%, and net margin -4.5%.
As of Jun '26, NGL Energy Partners LP traded at a price-to-earnings ratio of about 38.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.