NGL Energy Partners LP
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.16B | $3.47B | $4.15B | $5.68B | $7.95B | $5.23B | $7.58B | $8.69B |
| Cost of Revenue | $2.18B | $2.51B | $3.19B | $4.69B | $7.14B | $4.49B | $6.60B | $7.98B |
| Gross Profit | $974.0M | $962.1M | $967.9M | $989.6M | $808.6M | $733.2M | $979.6M | $706.1M |
| Gross Margin | 30.9% | 27.7% | 23.3% | 17.4% | 10.2% | 14.0% | 12.9% | 8.1% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $70.1M | $55.6M | $121.6M | $71.5M | $63.5M | $70.5M | $113.7M | $107.4M |
| Operating Income | $94.7M | $329.4M | $161.9M | $244.0M | $83.0M | $-390.8M | $-3.3M | $126.7M |
| Operating Margin | 3.0% | 9.5% | 3.9% | 4.3% | 1.0% | -7.5% | 0.0% | 1.5% |
| Interest Expense | $257.5M | $280.1M | $269.8M | $275.4M | $271.6M | $198.8M | $181.2M | $164.7M |
| Pretax Income | $-178.8M | $60.1M | $-156.3M | $9.3M | $-183.1M | $-640.8M | $-180.2M | $-78.2M |
| Income Tax Expense | $-276.0K | $-4.9M | $1.5M | $219.0K | $971.0K | $-3.4M | $345.0K | $1.2M |
| Net Income | $-142.3M | $39.4M | $-143.8M | $51.4M | $-184.8M | $-639.8M | $-397.0M | $360.0M |
| Net Margin | -4.5% | 1.1% | -3.5% | 0.9% | -2.3% | -12.2% | -5.2% | 4.1% |
| EPS (Basic) | — | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 124.8M | 132.0M | 132.5M | 131.9M | 130.7M | 129.6M | 128.8M | 126.0M |
| Shares Outstanding (Diluted) | 124.8M | 132.0M | 132.5M | 131.9M | 130.7M | 129.6M | 128.8M | 126.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |