Filing Flows › NGL Energy Partners LP (NGL) › Q1 FY27 › vs Q1 FY26
NGL Energy Partners LP (NGL) Q1 FY27 vs Q1 FY26 (year over year)
NGL Energy Partners LP's revenue rose $368M (+59%) from $622M in Q1 FY26 to $990M in Q1 FY27. The biggest changes: Product +$338M (+77%); Service +$30.0M (+16%). Operating margin 14.7% against 15.7% (-1.0 pts).
NGL Energy Partners LP, Q1 FY27: revenue $990M (+59% year over year), operating margin 14.7%, net earnings $78.7M, operating cash flow $77.0M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Operating margin | 14.7% | 15.7% | -1.0 pts |
| Net margin | 8.0% | 11.1% | -3.1 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Product | $774M | $436M | $338M | +77% |
| Service | $216M | $186M | $30.0M | +16% |
| Revenue | $990M | $622M | $368M | +59% |
| Operating profit | $145M | $97.5M | $47.9M | +49% |
| Costs & expenses | $845M | $525M | $320M | +61% |
| Pre-tax earnings | $79.7M | $69.5M | $10.3M | +15% |
| Other expense, net | $65.6M | $28.0M | $37.6M | +134% |
| Cost of revenue | $684M | $383M | $302M | +79% |
| General & admin | $17.6M | $13.7M | $3.8M | +28% |
| Other operating costs | $143M | $128M | $14.5M | +11% |
| Income tax benefit | $299K | $182K | $117K | +64% |
| Net earnings | $78.7M | $68.9M | $9.8M | +14% |
| Minority interests | $1.3M | $722K | $627K | +87% |
| Depreciation & amortization | $66.7M | $69.8M | −$3.0M | -4% |
| Share-based compensation | $2.0M | $0 | $2.0M | — |
| Working capital & other | $70.4M | $105M | −$35.1M | -33% |
| Operating cash flow | $77.0M | $33.2M | $43.8M | +132% |
| Capital expenditures | $109M | $22.1M | $86.6M | +391% |
| Negative free cash flow (OCF − capex) | $31.7M | −$11.1M | $42.8M | — |
Questions
How much did NGL Energy Partners LP's revenue grow year over year in Q1 FY27?
NGL Energy Partners LP's revenue rose $368M (+59%) from $622M in Q1 FY26 to $990M in Q1 FY27.
What drove NGL Energy Partners LP's revenue change in Q1 FY27?
Product +$338M (+77%); Service +$30.0M (+16%).