Filing Flows › NGL Energy Partners LP (NGL) › Q4 FY25
NGL Energy Partners LP (NGL) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed May 29, 2025
NGL Energy Partners LP (NGL) reported revenue of $971M for the fourth quarter fiscal 2025 (Q4 FY25), -7% from a year earlier and -1% from the quarter before. Operating margin was 10.4%, net earnings $13.7M (1.4% of revenue).
NGL Energy Partners LP, Q4 FY25: revenue $971M (-7% year over year), operating margin 10.4%, net earnings $13.7M, operating cash flow $155M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $971M | -1% | -7% |
| Operating profit | $101M | +34% | — |
| Net earnings | $13.7M | +2% | — |
| Operating cash flow | $155M | +0.8% | +2% |
| Free cash flow | $117M | -23% | -2% |
What changed
Revenue was $971.1M in Q4 FY25, down 7% year over year and down 1% from the previous quarter.
Operating profit was $101.2M, a 10.4% margin (up 19.8 points year over year). Total costs fell 23% while revenue fell 7%. Net earnings were $13.7M. The effective tax rate was 0.1%.
Operating cash flow was $155.0M (up 2% year over year), 1053% of net income including minority interests. Non-cash charges added back $67.8M of depreciation and amortization. Working capital and other items added $72.5M. Capital expenditures of $37.9M left free cash flow of $117.2M.
Questions
What was NGL Energy Partners LP's revenue in the fourth quarter fiscal 2025?
NGL Energy Partners LP (NGL) reported revenue of $971M for the fourth quarter fiscal 2025 (Q4 FY25), -7% from a year earlier and -1% from the quarter before.
Was NGL Energy Partners LP profitable in the fourth quarter fiscal 2025?
Operating profit was $101M (10.4% of revenue) and net earnings $13.7M.