NGL Energy Partners LP (NGL) Revenue History
Annual and quarterly revenue from 2009 to present
NGL Revenue Over Time (2009–2026)
NGL Revenue Growth History
8 of 17 years with positive growth- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- +10.2%
- FY2011 revenue growth
- -9.2%
- FY2012 revenue growth
- +78.2%
- FY2013 revenue growth
- +237.1%
- FY2014 revenue growth
- +119.6%
- FY2015 revenue growth
- +73.2%
- FY2016 revenue growth
- -30.1%
- FY2017 revenue growth
- +10.9%
- FY2018 revenue growth
- +29.8%
- FY2019 revenue growth
- -48.6%
- FY2020 revenue growth
- -12.7%
- FY2021 revenue growth
- -31.1%
- FY2022 revenue growth
- +52.1%
- FY2023 revenue growth
- -28.5%
- FY2024 revenue growth
- -26.9%
- FY2025 revenue growth
- -16.5%
- FY2026 revenue growth
- -9.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2027 | $990.0M | +59.1% |
| Q4 2026 | $949.5M | -2.2% |
| Q3 2026 | $909.8M | -41.3% |
| Q2 2026 | $674.7M | -50.1% |
| Q1 2026 | $622.2M | -18.1% |
| Q4 2025 | $971.1M | -37.3% |
| Q3 2025 | $1.55B | +14.5% |
| Q2 2025 | $1.35B | +78.2% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2026)
NGL's revenue distribution by segment and geography for fiscal year 2026
By Product/Segment
NGL Revenue Analysis (2009–2026)
Current Revenue & Growth
As of October 3, 2026, NGL Energy Partners LP (NGL) generated trailing twelve-month (TTM) revenue of $3.52 billion, reflecting explosive growth of +59.1% year-over-year. The most recent quarter (Q1 2027) recorded $990.0 million in revenue, up 4.3% sequentially.
Historical Growth Trajectory
NGL's 5-year compound annual growth rate (CAGR) stands at -9.6%, indicating revenue contraction over this period. The 3-year CAGR of -17.8% is below the 5-year average, signalling a growth deceleration in recent years. NGL Energy Partners LP's highest annual revenue of $16.91 billion was recorded in 2018.
Revenue by Segment
NGL's revenue is primarily driven by Product (76%), and Service (24%). With over half of revenue concentrated in Product, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Energy sector peers — including CAPL (+0.3% YoY), GEL (-17.3% YoY), and MMLP (+4.0% YoY) — NGL has outperformed the peer group in revenue growth. Compare NGL vs CAPL →
NGL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NGLCurrent | $3.5B | +59.1% | -9.6% | 12.2% | |
 CAPL | $3.7B | +0.3% | +13.6% | 5.6% | |
 GEL | $1.6B | -17.3% | -2.2% | 15.8% | |
 MMLP | $716M | +4.0% | +1.3% | 6.5% | |
 WES | $3.8B | +18.0% | +6.7% | 41.3% | |
 HESM | $1.6B | +2.8% | +8.2% | 62.3% |
NGL Historical Revenue Data (2009–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $3.16B | -9.0% | $747.2M | 23.7% | $384.5M | 12.2% |
| 2025 | $3.47B | -16.5% | $707.4M | 20.4% | $329.4M | 9.5% |
| 2024 | $4.15B | -26.9% | $701.8M | 16.9% | $161.9M | 3.9% |
| 2023 | $5.68B | -28.5% | $716.5M | 12.6% | $244.0M | 4.3% |
| 2022 | $7.95B | +52.1% | $519.9M | 6.5% | $83.0M | 1.0% |
| 2021 | $5.23B | -31.1% | $733.2M | 14.0% | $-390,753,000 | -7.5% |
| 2020 | $7.58B | -12.7% | $714.3M | 9.4% | $-3,332,000 | -0.0% |
| 2019 | $8.69B | -48.6% | $494.1M | 5.7% | $126.7M | 1.5% |
| 2018 | $16.91B | +29.8% | $285.6M | 1.7% | $-17,174,000 | -0.1% |
| 2017 | $13.02B | +10.9% | $477.1M | 3.7% | $255.1M | 2.0% |
| 2016 | $11.74B | -30.1% | $674.1M | 5.7% | $-104,603,000 | -0.9% |
| 2015 | $16.80B | +73.2% | $649.9M | 3.9% | $87.1M | 0.5% |
| 2014 | $9.70B | +119.6% | $445.8M | 4.6% | $106.6M | 1.1% |
| 2013 | $4.42B | +237.1% | $309.8M | 7.0% | $87.3M | 2.0% |
| 2012 | $1.31B | +78.2% | $93.5M | 7.1% | $15.0M | 1.1% |
NGL Chart Terminal
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Live Breakouts Feed
High-probability breakout stocks crossing their pivot across 5 pattern engines.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
17+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
NGL — Frequently Asked Questions
Quick answers to the most common questions about buying NGL stock.
Is NGL's revenue growth accelerating or slowing?
NGL revenue growth is accelerating. TTM revenue reached $3.5B, up +59.1% year-over-year — ahead of the 5-year CAGR of -9.6%. This indicates the business is expanding faster than its historical baseline.
What is NGL's revenue history from 2009 to 2026?
NGL Energy Partners LP (NGL) revenue history spans 2009 to 2026. TTM revenue as of 2026 is $3.5B, growing at +59.1% YoY. The 5-year CAGR is -9.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is NGL's long-term revenue growth rate (CAGR)?
NGL Energy Partners LP's 5-year revenue CAGR of -9.6% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +59.1% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for NGL.
Why does NGL's quarterly revenue fluctuate?
NGL quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. NGL Energy Partners LP's revenue data from 2009 to 2026 shows full historical quarterly detail on this page.
How is NGL's revenue distributed by segment?
NGL reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does NGL's revenue compare to industry peers?
NGL Energy Partners LP (NGL) with TTM revenue of $3.5B and +59.1% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.