Filing Flows › NGL Energy Partners LP (NGL) › How it makes money
How NGL Energy Partners LP (NGL) makes money
NGL Energy Partners LP (NGL) made $987M of revenue in the second quarter fiscal 2027 (Q2 FY27), +46% from a year earlier. Product brought in $766M (78%); Service brought in $221M (22%).
Drawing the Sankey…
Revenue by segment, Q2 FY27
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product | $766M | 77.6% | -1% | +58% |
| Service | $221M | 22.4% | +2% | +16% |
Where each dollar of revenue goes
| Line | Q2 FY27 | % of revenue |
|---|---|---|
| Revenue | $987M | 100.0% |
| Income tax | $187K | 0.0% |
| Operating cash flow | $94.6M | 9.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 FY27 | $987M | +46% |
| Q1 FY27 | $990M | +59% |
| Q4 FY26 | $950M | -2% |
| Q3 FY26 | $910M | -7% |
| Q2 FY26 | $675M | -11% |
| Q1 FY26 | $622M | -18% |
| Q4 FY25 | $971M | -7% |
From NGL Energy Partners LP's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does NGL Energy Partners LP make money?
NGL Energy Partners LP (NGL) made $987M of revenue in the second quarter fiscal 2027 (Q2 FY27), +46% from a year earlier. Product brought in $766M (78%); Service brought in $221M (22%).
What is NGL Energy Partners LP's biggest business?
Product: $766M in the second quarter fiscal 2027, 78% of revenue, +58% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.