(NGL) NGL Energy Partners - Overview
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 2.105m USD | Total Return: 434.1% in 12m
Industry Rotation: +22.0
Avg Turnover: 3.60M
EPS Trend: 16.0%
Qual. Beats: 0
Rev. Trend: -80.4%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Supp Ema20, Leader, Tailwind
NGL Energy Partners LP is a diversified midstream energy company based in Tulsa, Oklahoma, operating across three primary segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The partnership manages critical infrastructure for the transportation, storage, and marketing of crude oil, natural gas liquids (NGLs), and refined products throughout the United States and Canada.
The Water Solutions segment focuses on the lifecycle of water in energy production, including the treatment, recycling, and disposal of produced water and solids. In the midstream sector, water management has become a high-margin business driver as producers increasingly outsource the handling of large volumes of byproduct water generated during hydraulic fracturing.
The Crude Oil and Liquids Logistics segments utilize a network of pipelines, terminals, and railcars to connect upstream production to downstream refineries and end-users. Midstream entities like NGL typically rely on fee-based contracts or price differentials to generate cash flow, reducing direct exposure to volatile commodity prices compared to exploration companies. Investors can explore deeper financial metrics and valuation trends for this partnership at ValueRay.
- Permian Basin production volume drives Water Solutions disposal and recycling revenue
- Crude oil price volatility impacts logistics segment marketing and blending margins
- High leverage ratios and debt refinancing costs influence partnership distribution capacity
- Regulatory shifts in wastewater injection disposal limits affect long-term operational costs
- Natural gas liquid demand fluctuations dictate seasonal earnings in the Liquids segment
| Net Income: 159.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 5.58 > 1.0 |
| NWC/Revenue: 2.35% < 20% (prev 3.25%; Δ -0.90% < -1%) |
| CFO/TA 0.12 > 3% & CFO 525.5m > Net Income 159.1m |
| Net Debt (3.14b) to EBITDA (639.4m): 4.92 < 3 |
| Current Ratio: 1.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (125.2m) vs 12m ago -5.19% < -2% |
| Gross Margin: 23.77% > 18% (prev 0.13%; Δ 2.36k% > 0.5%) |
| Asset Turnover: 68.85% > 50% (prev 107.5%; Δ -38.61% > 0%) |
| Interest Coverage Ratio: 1.47 > 6 (EBITDA TTM 639.4m / Interest Expense TTM 259.0m) |
| DSRI: 1.25 (Receivables 597.6m/786.0m, Revenue 3.18b/5.21b) |
| GMI: 0.54 (GM 23.77% / 12.92%) |
| AQI: 1.01 (AQ_t 0.33 / AQ_t-1 0.33) |
| SGI: 0.61 (Revenue 3.18b / 5.21b) |
| TATA: -0.08 (NI 159.1m - CFO 525.5m) / TA 4.38b) |
| Beneish M-Score: -3.60 (Cap -4..+1) = AAA |
Over the past week, the price has changed by +9.25%, over one month by +35.87%, over three months by +49.04% and over the past year by +434.13%.
- StrongBuy: 0
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 5 | -72% |
P/S = 0.597
P/B = 3.5431
P/EG = 8.0611
Revenue TTM = 3.18b USD
EBIT TTM = 380.7m USD
EBITDA TTM = 639.4m USD
Long Term Debt = 2.92b USD (from longTermDebt, last quarter)
Short Term Debt = 44.9m USD (from shortTermDebt, last quarter)
Debt = 3.15b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.14b USD (from netDebt column, last quarter)
Enterprise Value = 5.25b USD (2.10b + Debt 3.15b - CCE 6.48m)
Interest Coverage Ratio = 1.47 (Ebit TTM 380.7m / Interest Expense TTM 259.0m)
EV/FCF = 18.03x (Enterprise Value 5.25b / FCF TTM 291.1m)
FCF Yield = 5.55% (FCF TTM 291.1m / Enterprise Value 5.25b)
FCF Margin = 9.16% (FCF TTM 291.1m / Revenue TTM 3.18b)
Net Margin = 5.01% (Net Income TTM 159.1m / Revenue TTM 3.18b)
Gross Margin = 23.77% ((Revenue TTM 3.18b - Cost of Revenue TTM 2.42b) / Revenue TTM)
Gross Margin QoQ = 21.41% (prev 28.11%)
Tobins Q-Ratio = 1.20 (Enterprise Value 5.25b / Total Assets 4.38b)
Interest Expense / Debt = 2.00% (Interest Expense 62.9m / Debt 3.15b)
Taxrate = 21.0% (US default 21%)
NOPAT = 300.8m (EBIT 380.7m * (1 - 21.00%))
Current Ratio = 1.12 (Total Current Assets 721.4m / Total Current Liabilities 646.8m)
Debt / Equity = 5.05 (Debt 3.15b / totalStockholderEquity, last quarter 623.5m)
Debt / EBITDA = 4.92 (Net Debt 3.14b / EBITDA 639.4m)
Debt / FCF = 10.80 (Net Debt 3.14b / FCF TTM 291.1m)
Total Stockholder Equity = 651.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.45% (Net Income 159.1m / Total Assets 4.38b)
RoE = 24.42% (Net Income TTM 159.1m / Total Stockholder Equity 651.7m)
RoCE = 10.65% (EBIT 380.7m / Capital Employed (Equity 651.7m + L.T.Debt 2.92b))
RoIC = 8.51% (NOPAT 300.8m / Invested Capital 3.53b)
WACC = 4.77% (E(2.10b)/V(5.26b) * Re(9.55%) + D(3.15b)/V(5.26b) * Rd(2.00%) * (1-Tc(0.21)))
Discount Rate = 9.55% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -56.83 | Cagr: -2.31%
[DCF] Terminal Value 88.44% ; FCFF base≈195.3m ; Y1≈241.0m ; Y5≈411.2m
[DCF] Fair Price = 70.94 (EV 11.93b - Net Debt 3.14b = Equity 8.78b / Shares 123.8m; r=6.0% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 15.96 | EPS CAGR: 7.79% | SUE: 0.01 | # QB: 0
Revenue Correlation: -80.38 | Revenue CAGR: -23.90% | SUE: 0.19 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.15 | Chg30d=+0.00% | Revisions=-20% | Analysts=1