Stocks Comparison
Energy Transfer vs NGL Energy Partners: revenue, profit, margins and growth compared
Energy Transfer brought in $85.5B of revenue in fiscal 2025, NGL Energy Partners $3.2B in fiscal 2026. Revenue changed by +3.5% at Energy Transfer and -9.0% at NGL Energy Partners on the year before, so Energy Transfer grew faster. Energy Transfer kept 5.2% of its revenue as net profit, NGL Energy Partners -4.5%. Free cash flow was $3.8B at Energy Transfer and $144.7M at NGL Energy Partners.
Side by side, latest fiscal year
| ET | NGL | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2026 (March 31, 2026) |
| Revenue | $85.5B | $3.2B |
| Revenue growth | +3.5% | -9.0% |
| Net income | $4.4B | -$142.3M |
| Net margin | 5.2% | -4.5% |
| Free cash flow | $3.8B | $144.7M |
| Free cash flow margin | 4.5% | 4.6% |
| Earnings per share (diluted) | n/a | n/a |
| Cash | $1.3B | $8.5M |
| Debt | $68.3B | $3.2B |
| Price to earnings | n/a | n/a |
| Market value | $69.5B | $1.9B |
| Dividend yield | n/a | n/a |
| Rank by revenue in sector | #1 of 109 · Utilities | #49 of 109 · Utilities |
Over the years
Questions about Energy Transfer and NGL Energy Partners
Which is bigger by revenue, Energy Transfer or NGL Energy Partners?
Energy Transfer is bigger by revenue: $85.5B in fiscal 2025, against $3.2B for NGL Energy Partners in fiscal 2026.
Which keeps more of its revenue as profit, Energy Transfer or NGL Energy Partners?
Energy Transfer had a net margin of 5.2% in fiscal 2025; NGL Energy Partners had -4.5% in fiscal 2026.
Which grew revenue faster, Energy Transfer or NGL Energy Partners?
In their latest fiscal years revenue changed by +3.5% at Energy Transfer and -9.0% at NGL Energy Partners.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.