Filing Flows › NGL Energy Partners LP (NGL) › Q1 FY27 › vs Q4 FY26
NGL Energy Partners LP (NGL) Q1 FY27 vs Q4 FY26 (quarter over quarter)
NGL Energy Partners LP's revenue rose $40.5M (+4%) from $950M in Q4 FY26 to $990M in Q1 FY27. The biggest changes: Service +$25.2M (+13%); Product +$15.3M (+2%). Operating margin 14.7% against -21.8% (+36.4 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Operating margin | 14.7% | -21.8% | +36.4 pts |
| Net margin | 8.0% | -30.3% | +38.3 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Product | $774M | $759M | $15.3M | +2% |
| Service | $216M | $190M | $25.2M | +13% |
| Revenue | $990M | $950M | $40.5M | +4% |
| Operating profit | $145M | −$207M | $352M | — |
| Costs & expenses | $845M | $1.2B | −$311M | -27% |
| Pre-tax earnings | $79.7M | −$287M | $366M | — |
| Other expense, net | $65.6M | $80.1M | −$14.5M | -18% |
| Cost of revenue | $684M | $732M | −$47.8M | -7% |
| General & admin | $17.6M | $26.0M | −$8.5M | -33% |
| Other operating costs | $143M | $398M | −$255M | -64% |
| Income tax benefit | $299K | −$86K | $385K | — |
| Net earnings | $78.7M | −$288M | $366M | — |
| Minority interests | $1.3M | $863K | $486K | +56% |
| Depreciation & amortization | $66.7M | $66.3M | $447K | +0.7% |
| Share-based compensation | $2.0M | $0 | $2.0M | — |
| Working capital & other | $70.4M | −$331M | $402M | — |
| Operating cash flow | $77.0M | $110M | −$33.0M | -30% |
| Capital expenditures | $109M | $31.6M | $77.1M | +244% |
| Negative free cash flow (OCF − capex) | $31.7M | −$78.4M | $110M | — |
Questions
How much did NGL Energy Partners LP's revenue grow quarter over quarter in Q1 FY27?
NGL Energy Partners LP's revenue rose $40.5M (+4%) from $950M in Q4 FY26 to $990M in Q1 FY27.
What drove NGL Energy Partners LP's revenue change in Q1 FY27?
Service +$25.2M (+13%); Product +$15.3M (+2%).