Stocks Comparison
NGL Energy Partners vs Western Midstream Partners: revenue, profit, margins and growth compared
NGL Energy Partners brought in $3.2B of revenue in fiscal 2026, Western Midstream Partners $3.8B in fiscal 2025. Revenue changed by -9.0% at NGL Energy Partners and +6.6% at Western Midstream Partners on the year before, so Western Midstream Partners grew faster. NGL Energy Partners kept -4.5% of its revenue as net profit, Western Midstream Partners 30.7%. Free cash flow was $144.7M at NGL Energy Partners and $1.5B at Western Midstream Partners.
Side by side, latest fiscal year
| NGL | WES | |
|---|---|---|
| Fiscal year ended | FY2026 (March 31, 2026) | FY2025 (December 31, 2025) |
| Revenue | $3.2B | $3.8B |
| Revenue growth | -9.0% | +6.6% |
| Net income | -$142.3M | $1.2B |
| Net margin | -4.5% | 30.7% |
| Free cash flow | $144.7M | $1.5B |
| Free cash flow margin | 4.6% | 38.9% |
| Earnings per share (diluted) | n/a | n/a |
| Cash | $8.5M | $819.5M |
| Debt | $3.2B | $8.6B |
| Price to earnings | n/a | n/a |
| Market value | $1.9B | $18.8B |
| Dividend yield | n/a | n/a |
| Rank by revenue in sector | #49 of 109 · Utilities | #45 of 109 · Utilities |
Over the years
Questions about NGL Energy Partners and Western Midstream Partners
Which is bigger by revenue, NGL Energy Partners or Western Midstream Partners?
Western Midstream Partners is bigger by revenue: $3.8B in fiscal 2025, against $3.2B for NGL Energy Partners in fiscal 2026.
Which keeps more of its revenue as profit, NGL Energy Partners or Western Midstream Partners?
NGL Energy Partners had a net margin of -4.5% in fiscal 2026; Western Midstream Partners had 30.7% in fiscal 2025.
Which grew revenue faster, NGL Energy Partners or Western Midstream Partners?
In their latest fiscal years revenue changed by -9.0% at NGL Energy Partners and +6.6% at Western Midstream 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.