XML 14 R3.htm IDEA: XBRL DOCUMENT v3.25.2
Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Total Revenues $ 622,156 $ 759,234
Total Cost of Sales 382,812 539,305
OPERATING COSTS AND EXPENSES:    
Operating 70,768 71,388
General and administrative 13,740 14,964
Depreciation and amortization 66,585 62,164
Gain on disposal or impairment of assets, net (9,199) (10,666)
Operating Income 97,450 82,079
OTHER INCOME (EXPENSE):    
Equity in earnings of unconsolidated entities 201 300
Interest expense (65,545) (69,739)
Gain on early extinguishment of liabilities, net 1,492 0
Other (expense) income, net (3,515) 164
Income From Continuing Operations Before Income Taxes 30,083 12,804
INCOME TAX BENEFIT 182 4,799
Income From Continuing Operations 30,265 17,603
Income (Loss) From Discontinued Operations, net of Tax 39,379 (7,128)
Net Income 69,644 10,475
Less: Net income from continuing operations attributable to nonredeemable noncontrolling interests (705) (792)
Less: Net income from continuing operations attributable to redeemable noncontrolling interests (17) 0
NET INCOME ATTRIBUTABLE TO NGL ENERGY PARTNERS LP 68,922 9,683
Net Loss from Continuing Operations Available to Common Shareholders, Basic (34,024) (11,991)
Net Loss from Continuing Operations Available to Common Shareholders, Diluted (34,024) (11,991)
Net Income (Loss) from Discontinued Operations Allocated to Common Unitholders, Basic 39,340 (7,121)
Net Income (Loss) from Discontinued Operations Allocated to Common Unitholders, Diluted 39,340 (7,121)
NET INCOME (LOSS) ALLOCATED TO COMMON UNITHOLDERS (NOTE 3) 5,316 (19,112)
Product    
Total Revenues 436,418 589,874
Total Cost of Sales 370,210 520,156
Service    
Total Revenues 185,738 169,360
Total Cost of Sales $ 12,602 $ 19,149
Limited Partner    
Loss from continuing operations, basic $ (0.26) $ (0.09)
Loss from continuing operations, diluted (0.26) (0.09)
Income (loss) from discontinued operations, net of tax, basic 0.30 (0.05)
Income (loss) from discontinued operations, net of tax, diluted 0.30 (0.05)
Basic income (loss) per common unit 0.04 (0.14)
Diluted income (loss) per common unit $ 0.04 $ (0.14)
BASIC WEIGHTED AVERAGE COMMON UNITS OUTSTANDING (in units) 131,747,544 132,512,766
DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING (in units) 131,747,544 132,512,766