Every 10-Q that NGL ENERGY PARTNERS LP (NGL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NGL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NGL filings page.
NGL Energy Partners reported improved results for the quarter ended December 31, 2025. Revenue was $909.8 million, slightly lower than a year earlier, but operating income rose to $109.7 million. Net income increased to $48.2 million, with net income attributable to the partnership at $47.2 million.
Common unitholders earned $0.10 per unit versus a loss in the prior-year quarter, helped by stronger continuing operations and profitable discontinued operations. For the nine months, net income reached $147.7 million, and net cash from operating activities grew to $255.9 million, supporting significant common unit repurchases and redemptions of Class D preferred units.
NGL Energy Partners LP reported stronger quarterly profitability for the three months ended September 30, 2025. Revenue was $674.7 million versus $756.5 million a year ago, while operating income rose to $94.3 million from $81.5 million as cost of sales declined. Interest expense decreased to $64.7 million from $77.2 million, supporting income from continuing operations of $29.8 million versus $7.5 million. Net income was $29.8 million, and net income allocated to common unitholders was $3.1 million, or $0.02 per unit.
Year‑to‑date, net cash provided by operating activities was $73.7 million and investing provided $179.7 million, aided by asset sales and the exit of refined products and biodiesel, which are classified as discontinued operations. Financing used $250.3 million, reflecting preferred distributions, Class D preferred redemptions, common unit repurchases, and debt activity.
At quarter‑end, $71.0 million was outstanding on the ABL Facility against a $399.6 million borrowing base and $53.6 million of letters of credit. The partnership repurchased $19.0 million of 2032 senior secured notes for $17.3 million and amended its Term Loan B to reduce applicable margins. Common units outstanding were 125,722,503 as of October 31, 2025.