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Loss Per Common Unit (Tables) | 12 Months Ended
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Mar. 31, 2026
Earnings Per Unit [Abstract] |
Schedule of weighted average number of units | The following table presents our calculation of basic and diluted weighted average common units outstanding for the periods indicated:
|  | Year Ended March 31,
|  | 2026 |  | 2025 |  | 2024
Weighted average common units outstanding during the period: |  |  |  |  |  |
Common units - Basic |  | 127,020,619 |  |  | 132,204,283 |  |  | 132,146,477 |
Common units - Diluted |  | 127,020,619 |  |  | 132,204,283 |  |  | 132,146,477 |
For the years ended March 31, 2026, 2025 and 2024, all potential common units or convertible securities were considered antidilutive.
Schedule of loss per common unit | Our loss per common unit is as follows for the periods indicated:
|  | Year Ended March 31,
|  | 2026 |  | 2025 |  | 2024
|  | (in thousands, except per unit amounts)
(Loss) income from continuing operations |  | $ | (178,503) |  |  | $ | 64,989 |  |  | $ | (157,728) |
Less: Net income from continuing operations income attributable to nonredeemable noncontrolling interests |  | (3,376) |  |  | (3,749) |  |  | (631) |
Less: Net loss (income) from continuing operations income attributable to redeemable noncontrolling interests |  | 244 |  |  | (46) |  |  | — |
Net (loss) income from continuing operations attributable to NGL Energy Partners LP |  | (181,635) |  |  | 61,194 |  |  | (158,359) |
Less: Distributions to preferred unitholders (1) |  | (263,669) |  |  | (118,347) |  |  | (139,644) |
Less: Net loss from continuing operations net loss allocated to GP (2) |  | 445 |  |  | 57 |  |  | 298 |
Net loss from continuing operations allocated to common unitholders |  | $ | (444,859) |  |  | $ | (57,096) |  |  | $ | (297,705) |
Income (loss) from discontinued operations, net of tax |  | $ | 39,340 |  |  | $ | (21,826) |  |  | $ | 14,604 |
Less: Net (income) loss from discontinued operations allocated to GP (2) |  | (39) |  |  | 22 |  |  | (15) |
Net income (loss) from discontinued operation allocated to common unitholders |  | $ | 39,301 |  |  | $ | (21,804) |  |  | $ | 14,589 |
Net loss allocated to common unitholders |  | $ | (405,558) |  |  | $ | (78,900) |  |  | $ | (283,116) |
Basic and diluted (loss) income per common unit |  |  |  |  |  |
Loss from continuing operations |  | $ | (3.50) |  |  | $ | (0.43) |  |  | $ | (2.25) |
Income (loss) from discontinued operations, net of tax |  | $ | 0.31 |  |  | $ | (0.16) |  |  | $ | 0.11 |
Net loss |  | $ | (3.19) |  |  | $ | (0.60) |  |  | $ | (2.14) |
Basic and diluted weighted average common units outstanding |  | 127,020,619 |  |  | 132,204,283 |  |  | 132,146,477 |
(1) Includes distributions earned and declared for the year ended March 31, 2026 and the excess of the Class D Preferred Units (as defined herein) repurchase price over the carrying value of the units, as discussed further in Note 9. Includes distributions earned and declared for the year ended March 31, 2025. Also, includes cumulative distributions for the year ended March 31, 2024 which were earned but not declared or paid (see Note 9 for a further discussion of the suspension of common unit and preferred unit distributions). (2) Net loss (income) allocated to the GP includes distributions to which it is entitled as the holder of incentive distribution rights.

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