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NGL Energy Partners LP（NGL）与RANGE RESOURCES CORP（RRC）财务数据对比。点击上方公司名可切换其他公司
NGL Energy Partners LP的季度营收约是RANGE RESOURCES CORP的1.2倍（$909.8M vs $786.9M），RANGE RESOURCES CORP净利率更高（22.8% vs 5.2%，领先17.6%），RANGE RESOURCES CORP同比增速更快（18.0% vs -41.3%），过去两年RANGE RESOURCES CORP的营收复合增速更高（14.6% 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。
Range Resources Corporation是一家总部位于美国得克萨斯州沃斯堡的天然气勘探开采企业，核心运营区域为马塞勒斯页岩地层，是该地区拥有土地面积最大的运营商，专注于天然气资源的勘探、开发与生产业务，在北美油气开发领域具备深厚的行业积累。
NGL vs RRC — 直观对比
营收规模更大
NGL
是对方的1.2倍
$786.9M
营收增速更快
RRC
高出59.2%
-41.3%
净利率更高
RRC
高出17.6%
5.2%
两年增速更快
RRC
近两年复合增速
-6.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $909.8M | $786.9M |
| 净利润 | $47.2M | $179.1M |
| 毛利率 | 29.0% | 94.5% |
| 营业利润率 | 12.1% | — |
| 净利率 | 5.2% | 22.8% |
| 营收同比 | -41.3% | 18.0% |
| 净利润同比 | 249.3% | 88.8% |
| 每股收益（稀释后） | — | $0.75 |
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NGLRRC
| Q4 25 | $909.8M | $786.9M | ||
| Q3 25 | $674.7M | $655.3M | ||
| Q2 25 | $622.2M | $699.6M | ||
| Q1 25 | $971.1M | $846.3M | ||
| Q4 24 | $982.4M | $667.0M | ||
| Q3 24 | $756.5M | $567.9M | ||
| Q2 24 | $759.2M | $513.2M | ||
| Q1 24 | $1.0B | $598.8M |
净利润NGLRRC
| Q4 25 | $47.2M | $179.1M | ||
| Q3 25 | $29.3M | $144.3M | ||
| Q2 25 | $68.9M | $237.6M | ||
| Q1 25 | $13.7M | $97.1M | ||
| Q4 24 | $13.5M | $94.8M | ||
| Q3 24 | $2.5M | $50.7M | ||
| Q2 24 | $9.7M | $28.7M | ||
| Q1 24 | $-236.8M | $92.1M |
毛利率NGLRRC
| Q4 25 | 29.0% | 94.5% | ||
| Q3 25 | 37.6% | 92.5% | ||
| Q2 25 | 38.5% | 95.0% | ||
| Q1 25 | 26.9% | 93.1% | ||
| Q4 24 | 25.1% | 93.7% | ||
| Q3 24 | 30.9% | 94.3% | ||
| Q2 24 | 29.0% | 93.4% | ||
| Q1 24 | 21.8% | 94.7% |
营业利润率NGLRRC
| Q4 25 | 12.1% | — | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 15.7% | — | ||
| Q1 25 | 8.4% | — | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 10.8% | — | ||
| Q1 24 | -9.4% | — |
净利率NGLRRC
| Q4 25 | 5.2% | 22.8% | ||
| Q3 25 | 4.3% | 22.0% | ||
| Q2 25 | 11.1% | 34.0% | ||
| Q1 25 | 1.4% | 11.5% | ||
| Q4 24 | 1.4% | 14.2% | ||
| Q3 24 | 0.3% | 8.9% | ||
| Q2 24 | 1.3% | 5.6% | ||
| Q1 24 | -22.8% | 15.4% |
每股收益（稀释后）NGLRRC
| Q4 25 | — | $0.75 | ||
| Q3 25 | — | $0.60 | ||
| Q2 25 | — | $0.99 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | — | $0.38 | ||
| Q3 24 | — | $0.21 | ||
| Q2 24 | — | $0.12 | ||
| Q1 24 | — | $0.38 |
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 | $204.0K |
| 总债务越低越好 | $2.9B | $1.2B |
| 股东权益账面价值 | — | $4.3B |
| 总资产 | $4.4B | $7.4B |
| 负债/权益比越低杠杆越低 | — | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资NGLRRC
| Q4 25 | $6.5M | $204.0K | ||
| Q3 25 | $8.7M | $175.0K | ||
| Q2 25 | $5.4M | $134.0K | ||
| Q1 25 | $13.5M | $344.6M | ||
| Q4 24 | $5.7M | $304.5M | ||
| Q3 24 | $4.5M | $277.4M | ||
| Q2 24 | $5.3M | $251.1M | ||
| Q1 24 | $38.9M | $343.1M |
总债务NGLRRC
| Q4 25 | $2.9B | $1.2B | ||
| Q3 25 | $2.9B | $1.2B | ||
| Q2 25 | $2.9B | $1.2B | ||
| Q1 25 | $3.0B | $1.7B | ||
| Q4 24 | $3.1B | $1.7B | ||
| Q3 24 | $3.1B | $1.7B | ||
| Q2 24 | $3.0B | $1.7B | ||
| Q1 24 | $2.9B | $1.8B |
股东权益NGLRRC
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $4.2B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.8B |
总资产NGLRRC
| Q4 25 | $4.4B | $7.4B | ||
| Q3 25 | $4.3B | $7.2B | ||
| Q2 25 | $4.2B | $7.1B | ||
| Q1 25 | $4.6B | $7.4B | ||
| Q4 24 | $4.8B | $7.3B | ||
| Q3 24 | $4.9B | $7.2B | ||
| Q2 24 | $4.8B | $7.3B | ||
| Q1 24 | $5.0B | $7.4B |
负债/权益比NGLRRC
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.44× | ||
| Q1 24 | — | 0.46× |
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 | $257.5M |
| 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× | 1.44× |
| 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NGLRRC
| Q4 25 | $182.3M | $257.5M | ||
| Q3 25 | $40.5M | $247.5M | ||
| Q2 25 | $33.2M | $336.2M | ||
| Q1 25 | $155.0M | $330.1M | ||
| Q4 24 | $153.8M | $217.9M | ||
| Q3 24 | $6.7M | $245.9M | ||
| Q2 24 | $-18.1M | $148.8M | ||
| Q1 24 | $152.2M | $331.9M |
自由现金流NGLRRC
| 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NGLRRC
| 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NGLRRC
| 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NGLRRC
| Q4 25 | 3.86× | 1.44× | ||
| Q3 25 | 1.38× | 1.72× | ||
| Q2 25 | 0.48× | 1.42× | ||
| Q1 25 | 11.29× | 3.40× | ||
| Q4 24 | 11.39× | 2.30× | ||
| Q3 24 | 2.74× | 4.85× | ||
| Q2 24 | -1.87× | 5.18× | ||
| Q1 24 | — | 3.60× |
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% |
RRC
| Natural Gas Natural Gas Liquids And Oil Sales | $745.5M | 95% |
| Brokered Natural Gas And Marketing | $41.3M | 5% |
