NGL Energy Partners shows a gross margin of 27.2%, an operating margin of 1.9%, an EBITDA margin of 8.4%, and a net margin of -5.4%, although its net margin is negative at -5.4%. EBITDA margin headed the decline across the available margins, falling by 12 percentage points.
NGL margin history
Over the last 3 years, NGL Energy Partners's margins averaged 32.71% gross, 7.11% operating, 15.82% EBITDA, and -2.63% net. Each of the four current margins is below its three-year average.
NGL margin expansion
NGL Energy Partners's gross margin contracted by 3.6 percentage points, operating margin by 9.1 percentage points, EBITDA margin by 12 percentage points, and net margin by 9.3 percentage points, led by EBITDA margin with a decline of 12 percentage points.
NGL Gross margin
Over the last 3 years, NGL Energy Partners's gross margin averaged 32.71%. The current gross margin of 27.2% is 5.5 percentage points below its three-year average. During this period, gross margin reached a high of 68.4% in Dec 2024 and a low of 22.6% in Dec 2023.
NGL Operating margin
Across the last 3 years, NGL Energy Partners's operating margin averaged 7.11%. The current operating margin stands at 1.9%, 5.2 percentage points below its three-year average. Operating margin was highest at 12% in Dec 2025 and lowest at 1.9% in Sep 2026.
NGL EBITDA margin
Over the last 3 years, the average EBITDA margin for NGL Energy Partners was 15.82%. Currently, the current EBITDA margin for NGL Energy Partners is 8.4%, 7.4 percentage points below its three-year average. NGL Energy Partners's EBITDA margin ranged from a low of 8.4% in Sep 2026 to a high of 27% in Dec 2024.
NGL Net margin
Reviewing the last 3 years, NGL Energy Partners recorded an average net margin of -2.63%. At present, NGL Energy Partners's current net margin is -5.4%, which is 2.8 percentage points below its three-year average. The highest net margin for NGL Energy Partners was 5% in Dec 2025, while the lowest was -15.9% in Dec 2024.
NGL margin group comparison
NGL Energy Partners's gross margin of 27.2% is lower than the Energy sector and the industry average. In comparison with the Energy sector average of 42.7%, NGL Energy Partners's gross margin is 36% lower.
NGL margin peer comparison
Frequently asked questions
What is NGL Energy Partners's gross margin?
For the period ending Sep 30, 2026, NGL recorded a gross margin of 27.2%.
What is NGL Energy Partners's operating margin?
For the period ending Sep 30, 2026, NGL recorded an operating margin of 1.9%.
What is NGL Energy Partners's EBITDA margin?
For the period ending Sep 30, 2026, NGL recorded an EBITDA margin of 8.4%.
What is NGL Energy Partners's net margin?
The current net margin for NGL is -5.4% as of Sep 30, 2026.
What are the average margins of NGL?
NGL Energy Partners's gross, operating, EBITDA, and net margins averaged 32.7% gross, 7.1% operating, 15.8% EBITDA, and -2.6% net over the last 3 years.
What are the highest historical margins of NGL?
NGL Energy Partners's highest recorded margins during the past 5 years were 68.4% gross in Dec 2024, 12% operating in Dec 2025, 27% EBITDA in Dec 2024, and 5% net in Dec 2025.
What are the lowest historical margins of NGL?
Over the last 5 years, NGL Energy Partners's lowest margins were 9.8% gross in Sep 2022, -0.4% operating in Dec 2021, 2.6% EBITDA in Dec 2021, and -15.9% net in Dec 2024.