NGL Energy Partners LP (NGL) [Rocket]

In millions, except per share items	Mar-31-23	Mar-31-22	Mar-31-21	Mar-31-20	Mar-31-19	Mar-31-18	Mar-31-17	Mar-31-16
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Crude oil logistics	2,464.8	2,505.5	1,721.6	2,549.8	3,136.6	2,260.1	1,666.9	3,217.1
Water solutions	697.0	544.9	371.0	422.1	301.7	229.1	159.6	185.0
Corporate and other			1.3	1.0	1.4	1.2
Other	5,533.0	4,897.6	3,133.1	4,611.1	5,249.5	4,463.6	10,880.7	8,340.0
Total revenues [+]	8,694.9	7,947.9	5,227.0	7,584.0	8,689.2	6,953.9	12,707.2	11,742.1
Oil & gas							1,666.9	3,217.1
Other							0.8	0.5
Revenue growth [+]	9.4%	52.1%	-31.1%	-12.7%	25.0%	-45.3%	8.2%	-30.1%
Crude oil logistics	-1.6%	45.5%	-32.5%	-18.7%	38.8%	35.6%	-48.2%	-51.5%
Water solutions	27.9%	46.9%	-12.1%	39.9%	31.7%	43.6%	-13.7%	-7.5%
Corporate and other			20.9%	-23.8%	16.0%
Cost of goods sold [+]	7,963.7	7,424.8	4,748.4	6,937.4	8,216.1	6,457.2	13,989.4	14,508.6
Other cost of sales					1.9	0.5
Maintenance and operations costs	313.7	285.5	254.6	333.0	231.1	193.1	189.0	401.1
Oil & gas services costs							1,572.0	3,111.7
Propane costs								156.8
Gross profit	731.2	523.1	478.6	646.6	473.1	496.8	-1,282.2	-2,766.5
Gross margin	8.4%	6.6%	9.2%	8.5%	5.4%	7.1%	-10.1%	-23.6%
Selling, general and administrative [+]	71.8	63.5	70.5	113.7	107.4	98.0	105.8	139.5
General and administrative	71.8	63.5	70.5	113.7	107.4	98.0	105.8	139.5
Equity in earnings	4.1	1.4	1.9	1.3	2.5	7.5	3.8	16.1
Other operating expenses	-84.5	-36.6	-41.8	-22.5	-9.5	-6.2	-1,587.5	-3,324.9
EBITDA [+]	765.2	515.0	465.9	568.3	387.4	424.1	217.9	455.2
EBITDA growth	48.6%	10.5%	-18.0%	46.7%	-8.6%	94.6%	-52.1%	13.1%
EBITDA margin	8.8%	6.5%	8.9%	7.5%	4.5%	6.1%	1.7%	3.9%
Depreciation	208.0	216.0	198.1	138.2	105.8	106.0	93.8	141.6
EBITA	557.2	299.1	267.9	430.1	281.6	318.1	124.1	313.6
EBITA margin	6.4%	3.8%	5.1%	5.7%	3.2%	4.6%	1.0%	2.7%
Amortization of intangibles	82.9	90.2	133.1	138.6	115.9	114.0	101.1	107.6
EBIT [+]	474.3	208.8	134.7	291.4	165.7	204.1	23.1	206.0
EBIT growth	127.1%	55.0%	-53.8%	75.8%	-18.8%	785.2%	-88.8%	7.3%
EBIT margin	5.5%	2.6%	2.6%	3.8%	1.9%	2.9%	0.2%	1.8%
Non-recurring items [+]	181.1	124.4	523.5	293.5	36.5	9.2	-186.7	294.5
Asset impairment	84.5	36.6	41.8	22.5	7.5	5.6	15.5	56.4
Loss (gain) on sale of assets	86.9	94.3	475.4	261.8	34.3	-17.1	-208.9	320.8
Loss on contingent liability	9.7	-6.5	6.3	9.2	-5.4	20.7	6.7	-82.7
Interest expense	275.4	271.6	198.8	181.2	164.7	199.1	150.0	133.1
Interest expense	275.4	271.6	198.8	181.2	164.7	199.1	150.0	133.1
Other income (expense), net [+]	34.9	4.1	-53.2	3.0	-42.8	-16.8	37.0	34.1
Gain (loss) on debt retirement	6.2	1.8	-16.7	1.3	-12.3	-23.2
Other	28.7	2.3	-36.5	1.7	-30.4	6.4	26.6	5.6
Pre-tax income	52.8	-183.1	-640.8	-180.2	-78.2	-21.1	96.7	-187.5
Income taxes	0.3	1.0	-3.4	0.3	1.2	1.4	1.9	-0.4
Tax rate	0.5%		0.5%				2.0%	0.2%
Minority interest	1.1	0.7	0.6	-1.8	20.2	-0.2	6.8	11.8
Net income	-73.2	-288.6	-732.5	-585.3	247.7	-130.9	106.7	-246.5
Net margin	-0.8%	-3.6%	-14.0%	-7.7%	2.9%	-1.9%	0.8%	-2.1%

Basic EPS [+]	($0.56)	($2.22)	($5.68)	($4.59)	$2.01	($1.08)	$0.99	($2.35)
Growth	-74.9%	-60.9%	23.6%	-328.1%	-286.1%	-209.7%	-142.0%	2319.5%
Diluted EPS [+]	($0.56)	($2.22)	($5.68)	($4.59)	$2.01	($1.08)	$0.95	($2.35)
Growth	-74.9%	-60.9%	23.6%	-328.1%	-286.1%	-213.5%	-140.6%	2319.5%

Shares outstanding (basic) [+]	131.0	129.8	129.0	127.4	123.0	121.0	108.1	104.8
Growth	0.9%	0.7%	1.2%	3.6%	1.7%	11.9%	3.1%	21.4%
Shares outstanding (diluted) [+]	131.0	129.8	129.0	127.4	123.0	121.0	111.9	104.8
Growth	0.9%	0.7%	1.2%	3.6%	1.7%	8.2%	6.7%	21.4%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.