(NML) Neuberger Berman MLP - Ratings and Ratios
Energy Infrastructure, Midstream Assets, Pipelines, Storage Terminals
| Risk via 10d forecast | |
|---|---|
| Volatility | 17.3% |
| Value at Risk 5%th | 27.7% |
| Relative Tail Risk | -2.37% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.12 |
| Alpha | -10.66 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.478 |
| Beta | 0.729 |
| Beta Downside | 0.994 |
| Drawdowns 3y | |
|---|---|
| Max DD | 16.93% |
| Mean DD | 4.39% |
| Median DD | 3.70% |
Description: NML Neuberger Berman MLP October 25, 2025
Neuberger Berman MLP (NYSE MKT: NML) is a U.S.-based energy-focused limited partnership that provides investors exposure to a diversified portfolio of midstream energy assets, primarily pipelines and related infrastructure.
Key performance indicators to watch include the fund’s distribution yield (currently around 7.5% annualized), its adjusted funds from operations (AFFO) growth rate (≈ 4% YoY over the past 12 months), and the net asset value (NAV) per unit, which has trended modestly higher than its market price, indicating a modest discount that may present a buying opportunity.
Sector drivers that materially affect NML’s outlook are natural gas price volatility, regulated tariff adjustments by the Federal Energy Regulatory Commission (FERC), and the broader U.S. energy transition that is increasing demand for midstream capacity to transport both fossil fuels and growing volumes of renewable natural gas.
Given the fund’s sensitivity to interest-rate movements, a rise in Treasury yields could pressure its unit price, while a flattening yield curve typically benefits MLPs by lowering financing costs for new pipeline projects.
For a deeper quantitative dive, you might explore ValueRay’s proprietary analytics on NML’s cash-flow stability and discount-to-NAV trends, which can help you assess whether the current market pricing reflects the partnership’s underlying asset value.
NML Fund Overview
| Market Cap in USD | 382m |
| Style | Energy Limited Partnership |
| TER | 1.98% |
| IPO / Inception | 2013-03-26 |
| Return 12m vs S&P 500 | -13.1% |
| Analyst Rating | - |
NML Dividends
| Metric | Value |
|---|---|
| Dividend Yield | 8.32% |
| Yield on Cost 5y | 29.87% |
| Yield CAGR 5y | 25.68% |
| Payout Consistency | 86.3% |
| Payout Ratio | - |
NML Growth Ratios
| Metric | Value |
|---|---|
| CAGR 3y | 16.89% |
| CAGR/Max DD Calmar Ratio | 1.00 |
| CAGR/Mean DD Pain Ratio | 3.85 |
| Current Volume | 217.2k |
| Average Volume | 217.2k |
What is the price of NML shares?
Over the past week, the price has changed by -1.78%, over one month by +3.53%, over three months by +0.76% and over the past year by -2.30%.
Is NML a buy, sell or hold?
What are the forecasts/targets for the NML price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 10.3 | 23.5% |
NML Fundamental Data Overview November 11, 2025
Beta = None
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 382.4m USD (382.4m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 382.4m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 382.4m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 8.70% (E(382.4m)/V(382.4m) * Re(8.70%) + (debt-free company))
Discount Rate = 8.70% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for NML Fund
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle