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NGL Energy Partners LP（NGL）与Regions Financial Corporation（RF）财务数据对比。点击上方公司名可切换其他公司
Regions Financial Corporation的季度营收约是NGL Energy Partners LP的1.4倍（$1.3B vs $909.8M），Regions Financial Corporation净利率更高（41.7% vs 5.2%，领先36.5%），Regions Financial Corporation同比增速更快（4.1% vs -41.3%），过去两年Regions Financial Corporation的营收复合增速更高（4.0% vs -6.4%）
NGL Energy Partners LP是一家总部位于美国的中游能源服务企业，主营原油、液化天然气、可再生燃料的运输、存储及物流服务，同时为上游能源生产商提供水资源管理解决方案，业务主要覆盖北美市场。
Regions Financial Corporation是美国银行控股企业，总部位于阿拉巴马州伯明翰市。公司提供零售及商业银行、信托、股票经纪、抵押贷款等服务，旗下银行业务子公司Regions Bank在美国南部和中西部15个州运营约1300家营业网点和2000台自动柜员机，服务大量当地个人及企业客户。
NGL vs RF — 直观对比
营收规模更大
RF
是对方的1.4倍
$909.8M
营收增速更快
RF
高出45.4%
-41.3%
净利率更高
RF
高出36.5%
5.2%
两年增速更快
RF
近两年复合增速
-6.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $909.8M | $1.3B |
| 净利润 | $47.2M | $534.0M |
| 毛利率 | 29.0% | — |
| 营业利润率 | 12.1% | 55.3% |
| 净利率 | 5.2% | 41.7% |
| 营收同比 | -41.3% | 4.1% |
| 净利润同比 | 249.3% | 0.0% |
| 每股收益（稀释后） | — | $0.59 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收NGLRF
| Q4 25 | $909.8M | $1.3B | ||
| Q3 25 | $674.7M | $1.3B | ||
| Q2 25 | $622.2M | $1.3B | ||
| Q1 25 | $971.1M | $1.2B | ||
| Q4 24 | $982.4M | $1.2B | ||
| Q3 24 | $756.5M | $1.2B | ||
| Q2 24 | $759.2M | $1.2B | ||
| Q1 24 | $1.0B | $1.2B |
净利润NGLRF
| Q4 25 | $47.2M | $534.0M | ||
| Q3 25 | $29.3M | $569.0M | ||
| Q2 25 | $68.9M | $563.0M | ||
| Q1 25 | $13.7M | $490.0M | ||
| Q4 24 | $13.5M | $534.0M | ||
| Q3 24 | $2.5M | $490.0M | ||
| Q2 24 | $9.7M | $501.0M | ||
| Q1 24 | $-236.8M | $368.0M |
毛利率NGLRF
| Q4 25 | 29.0% | — | ||
| Q3 25 | 37.6% | — | ||
| Q2 25 | 38.5% | — | ||
| Q1 25 | 26.9% | — | ||
| Q4 24 | 25.1% | — | ||
| Q3 24 | 30.9% | — | ||
| Q2 24 | 29.0% | — | ||
| Q1 24 | 21.8% | — |
营业利润率NGLRF
| Q4 25 | 12.1% | 55.3% | ||
| Q3 25 | 14.0% | 56.3% | ||
| Q2 25 | 15.7% | 56.1% | ||
| Q1 25 | 8.4% | 52.0% | ||
| Q4 24 | 8.6% | 53.4% | ||
| Q3 24 | 10.8% | 49.9% | ||
| Q2 24 | 10.8% | 52.7% | ||
| Q1 24 | -9.4% | 39.2% |
净利率NGLRF
| Q4 25 | 5.2% | 41.7% | ||
| Q3 25 | 4.3% | 45.3% | ||
| Q2 25 | 11.1% | 44.7% | ||
| Q1 25 | 1.4% | 41.0% | ||
| Q4 24 | 1.4% | 43.4% | ||
| Q3 24 | 0.3% | 40.2% | ||
| Q2 24 | 1.3% | 42.2% | ||
| Q1 24 | -22.8% | 31.1% |
每股收益（稀释后）NGLRF
| Q4 25 | — | $0.59 | ||
| Q3 25 | — | $0.61 | ||
| Q2 25 | — | $0.59 | ||
| Q1 25 | — | $0.51 | ||
| Q4 24 | — | $0.55 | ||
| Q3 24 | — | $0.49 | ||
| Q2 24 | — | $0.52 | ||
| Q1 24 | — | $0.37 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $6.5M | — |
| 总债务越低越好 | $2.9B | $4.1B |
| 股东权益账面价值 | — | $19.0B |
| 总资产 | $4.4B | $158.8B |
| 负债/权益比越低杠杆越低 | — | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资NGLRF
| Q4 25 | $6.5M | — | ||
| Q3 25 | $8.7M | — | ||
| Q2 25 | $5.4M | — | ||
| Q1 25 | $13.5M | — | ||
| Q4 24 | $5.7M | — | ||
| Q3 24 | $4.5M | — | ||
| Q2 24 | $5.3M | — | ||
| Q1 24 | $38.9M | — |
总债务NGLRF
| Q4 25 | $2.9B | $4.1B | ||
| Q3 25 | $2.9B | $4.8B | ||
| Q2 25 | $2.9B | $5.3B | ||
| Q1 25 | $3.0B | $6.0B | ||
| Q4 24 | $3.1B | $6.0B | ||
| Q3 24 | $3.1B | $6.0B | ||
| Q2 24 | $3.0B | $5.1B | ||
| Q1 24 | $2.9B | $3.3B |
股东权益NGLRF
| Q4 25 | — | $19.0B | ||
| Q3 25 | — | $19.0B | ||
| Q2 25 | — | $18.7B | ||
| Q1 25 | — | $18.5B | ||
| Q4 24 | — | $17.9B | ||
| Q3 24 | — | $18.7B | ||
| Q2 24 | — | $17.2B | ||
| Q1 24 | — | $17.0B |
总资产NGLRF
| Q4 25 | $4.4B | $158.8B | ||
| Q3 25 | $4.3B | $159.9B | ||
| Q2 25 | $4.2B | $159.2B | ||
| Q1 25 | $4.6B | $159.8B | ||
| Q4 24 | $4.8B | $157.3B | ||
| Q3 24 | $4.9B | $157.4B | ||
| Q2 24 | $4.8B | $154.1B | ||
| Q1 24 | $5.0B | $154.9B |
负债/权益比NGLRF
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.25× | ||
| Q2 25 | — | 0.28× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 0.20× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $182.3M | $-319.0M |
| 自由现金流经营现金流 - 资本支出 | $45.7M | — |
| 自由现金流率自由现金流/营收 | 5.0% | — |
| 资本支出强度资本支出/营收 | 15.0% | — |
| 现金转化率经营现金流/净利润 | 3.86× | -0.60× |
| 过去12个月自由现金流最近4个季度 | $126.7M | — |
8季度趋势，按日历期对齐
经营现金流NGLRF
| Q4 25 | $182.3M | $-319.0M | ||
| Q3 25 | $40.5M | $861.0M | ||
| Q2 25 | $33.2M | $573.0M | ||
| Q1 25 | $155.0M | $1.1B | ||
| Q4 24 | $153.8M | $-220.0M | ||
| Q3 24 | $6.7M | $1.3B | ||
| Q2 24 | $-18.1M | $161.0M | ||
| Q1 24 | $152.2M | $396.0M |
自由现金流NGLRF
| Q4 25 | $45.7M | — | ||
| Q3 25 | $9.5M | — | ||
| Q2 25 | $11.1M | — | ||
| Q1 25 | $60.4M | — | ||
| Q4 24 | $152.1M | — | ||
| Q3 24 | $-82.9M | — | ||
| Q2 24 | $-78.0M | — | ||
| Q1 24 | $119.8M | — |
自由现金流率NGLRF
| Q4 25 | 5.0% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 6.2% | — | ||
| Q4 24 | 15.5% | — | ||
| Q3 24 | -11.0% | — | ||
| Q2 24 | -10.3% | — | ||
| Q1 24 | 11.5% | — |
资本支出强度NGLRF
| Q4 25 | 15.0% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | 9.7% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 11.8% | — | ||
| Q2 24 | 7.9% | — | ||
| Q1 24 | 3.1% | — |
现金转化率NGLRF
| Q4 25 | 3.86× | -0.60× | ||
| Q3 25 | 1.38× | 1.51× | ||
| Q2 25 | 0.48× | 1.02× | ||
| Q1 25 | 11.29× | 2.18× | ||
| Q4 24 | 11.39× | -0.41× | ||
| Q3 24 | 2.74× | 2.57× | ||
| Q2 24 | -1.87× | 0.32× | ||
| Q1 24 | — | 1.08× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
NGL
| Water Solutions Segment | $208.6M | 23% |
| Services | $193.3M | 21% |
| Butane | $192.5M | 21% |
| Service Fees | $182.8M | 20% |
| Public Utilities Inventory Propane | $93.9M | 10% |
| Crude Oil | $23.3M | 3% |
| Crude Oil Transportation And Other | $6.5M | 1% |
| Liquids Logistics Segment | $2.5M | 0% |
| Crude Oil Logistics Segment | $1.2M | 0% |
RF
| Consumer Bank | $747.0M | 58% |
| Corporate Bank | $487.0M | 38% |
| Wealth Management | $47.0M | 4% |
