NGL ENERGY PARTNERS LP (NGL) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:NGL • US62913M1071

11.89 USD
-0.31 (-2.54%)
At close: Feb 3, 2026
10.7799 USD
-1.11 (-9.34%)
After Hours: 2/3/2026, 8:04:00 PM
Fundamental Rating

2

Overall NGL gets a fundamental rating of 2 out of 10. We evaluated NGL against 207 industry peers in the Oil, Gas & Consumable Fuels industry. NGL has a bad profitability rating. Also its financial health evaluation is rather negative. NGL has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year NGL has reported negative net income.
  • In the past year NGL had a positive cash flow from operations.
  • In the past 5 years NGL always reported negative net income.
  • Each year in the past 5 years NGL had a positive operating cash flow.
NGL Yearly Net Income VS EBIT VS OCF VS FCFNGL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M -600M

1.2 Ratios

  • NGL has a worse Return On Assets (-1.83%) than 72.95% of its industry peers.
  • NGL has a Return On Equity of -13.34%. This is in the lower half of the industry: NGL underperforms 74.88% of its industry peers.
  • NGL has a better Return On Invested Capital (7.55%) than 69.08% of its industry peers.
  • NGL had an Average Return On Invested Capital over the past 3 years of 6.45%. This is significantly below the industry average of 21.94%.
  • The last Return On Invested Capital (7.55%) for NGL is above the 3 year average (6.45%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -1.83%
ROE -13.34%
ROIC 7.55%
ROA(3y)-2.9%
ROA(5y)-5.15%
ROE(3y)-15.38%
ROE(5y)-24.1%
ROIC(3y)6.45%
ROIC(5y)4.69%
NGL Yearly ROA, ROE, ROICNGL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -20 -40

1.3 Margins

  • NGL has a Operating Margin (10.28%) which is in line with its industry peers.
  • In the last couple of years the Operating Margin of NGL has grown nicely.
  • With a Gross Margin value of 27.73%, NGL is not doing good in the industry: 60.87% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of NGL has grown nicely.
Industry RankSector Rank
OM 10.28%
PM (TTM) N/A
GM 27.73%
OM growth 3Y67.94%
OM growth 5Y25.25%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y39.69%
GM growth 5Y16.51%
NGL Yearly Profit, Operating, Gross MarginsNGL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

2

2. Health

2.1 Basic Checks

  • NGL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, NGL has less shares outstanding
  • Compared to 5 years ago, NGL has more shares outstanding
  • Compared to 1 year ago, NGL has a worse debt to assets ratio.
NGL Yearly Shares OutstandingNGL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
NGL Yearly Total Debt VS Total AssetsNGL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • NGL has a debt to FCF ratio of 12.52. This is a negative value and a sign of low solvency as NGL would need 12.52 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 12.52, NGL perfoms like the industry average, outperforming 50.24% of the companies in the same industry.
  • A Debt/Equity ratio of 4.92 is on the high side and indicates that NGL has dependencies on debt financing.
  • The Debt to Equity ratio of NGL (4.92) is worse than 88.41% of its industry peers.
Industry RankSector Rank
Debt/Equity 4.92
Debt/FCF 12.52
Altman-Z N/A
ROIC/WACC0.73
WACC10.35%
NGL Yearly LT Debt VS Equity VS FCFNGL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 1.26 indicates that NGL should not have too much problems paying its short term obligations.
  • With a Current ratio value of 1.26, NGL perfoms like the industry average, outperforming 56.04% of the companies in the same industry.
  • A Quick Ratio of 1.05 indicates that NGL should not have too much problems paying its short term obligations.
  • The Quick ratio of NGL (1.05) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.26
Quick Ratio 1.05
NGL Yearly Current Assets VS Current LiabilitesNGL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

1

3. Growth

3.1 Past

  • NGL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 92.24%, which is quite impressive.
  • Looking at the last year, NGL shows a very negative growth in Revenue. The Revenue has decreased by -16.47% in the last year.
  • The Revenue for NGL have been decreasing by -14.48% on average. This is quite bad
EPS 1Y (TTM)92.24%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%109.52%
Revenue 1Y (TTM)-16.47%
Revenue growth 3Y-24.14%
Revenue growth 5Y-14.48%
Sales Q2Q%-50.12%

3.2 Future

  • Based on estimates for the next years, NGL will show a very strong growth in Earnings Per Share. The EPS will grow by 59.90% on average per year.
  • The Revenue is expected to decrease by -23.26% on average over the next years. This is quite bad
EPS Next Y144.51%
EPS Next 2Y68.49%
EPS Next 3Y59.9%
EPS Next 5YN/A
Revenue Next Year-51.08%
Revenue Next 2Y-33.65%
Revenue Next 3Y-23.26%
Revenue Next 5YN/A

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
NGL Yearly Revenue VS EstimatesNGL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B 20B
NGL Yearly EPS VS EstimatesNGL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 -2 -4

5

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for NGL. In the last year negative earnings were reported.
  • A Price/Forward Earnings ratio of 24.03 indicates a rather expensive valuation of NGL.
  • NGL's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of NGL to the average of the S&P500 Index (25.51), we can say NGL is valued inline with the index average.
Industry RankSector Rank
PE N/A
Fwd PE 24.03
NGL Price Earnings VS Forward Price EarningsNGL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 -40 -60

4.2 Price Multiples

  • NGL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NGL is cheaper than 65.22% of the companies in the same industry.
  • 90.82% of the companies in the same industry are more expensive than NGL, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 6.41
EV/EBITDA 7.05
NGL Per share dataNGL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as NGL's earnings are expected to grow with 59.90% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y68.49%
EPS Next 3Y59.9%

0

5. Dividend

5.1 Amount

  • NGL does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

NGL ENERGY PARTNERS LP

NYSE:NGL (2/3/2026, 8:04:00 PM)

After market: 10.7799 -1.11 (-9.34%)

11.89

-0.31 (-2.54%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-04
Earnings (Next)02-03
Inst Owners56.12%
Inst Owner Change-0.52%
Ins Owners5.41%
Ins Owner Change0.7%
Market Cap1.49B
Revenue(TTM)3.47B
Net Income(TTM)-78.90M
Analysts76.67
Price Target18.36 (54.42%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend2.31
Dividend Growth(5Y)3.64%
DP-148.77%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-6.89%
Min Revenue beat(2)-24.53%
Max Revenue beat(2)10.74%
Revenue beat(4)1
Avg Revenue beat(4)-13.33%
Min Revenue beat(4)-28.6%
Max Revenue beat(4)10.74%
Revenue beat(8)1
Avg Revenue beat(8)-12.44%
Revenue beat(12)1
Avg Revenue beat(12)-14.05%
Revenue beat(16)4
Avg Revenue beat(16)-8.76%
PT rev (1m)0%
PT rev (3m)5.88%
EPS NQ rev (1m)128.57%
EPS NQ rev (3m)128.57%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)4.29%
Revenue NQ rev (3m)4.29%
Revenue NY rev (1m)0.76%
Revenue NY rev (3m)0.76%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 24.03
P/S 0.43
P/FCF 6.41
P/OCF 3.91
P/B 2.53
P/tB N/A
EV/EBITDA 7.05
EPS(TTM)-0.18
EYN/A
EPS(NY)0.49
Fwd EY4.16%
FCF(TTM)1.85
FCFY15.6%
OCF(TTM)3.04
OCFY25.59%
SpS27.59
BVpS4.7
TBVpS-6.62
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -1.83%
ROE -13.34%
ROCE 9.56%
ROIC 7.55%
ROICexc 7.57%
ROICexgc 12.26%
OM 10.28%
PM (TTM) N/A
GM 27.73%
FCFM 6.72%
ROA(3y)-2.9%
ROA(5y)-5.15%
ROE(3y)-15.38%
ROE(5y)-24.1%
ROIC(3y)6.45%
ROIC(5y)4.69%
ROICexc(3y)6.47%
ROICexc(5y)4.7%
ROICexgc(3y)10.62%
ROICexgc(5y)7.72%
ROCE(3y)8.16%
ROCE(5y)5.93%
ROICexgc growth 3Y35.57%
ROICexgc growth 5Y12.05%
ROICexc growth 3Y36.84%
ROICexc growth 5Y15.48%
OM growth 3Y67.94%
OM growth 5Y25.25%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y39.69%
GM growth 5Y16.51%
F-Score6
Asset Turnover0.81
Health
Industry RankSector Rank
Debt/Equity 4.92
Debt/FCF 12.52
Debt/EBITDA 4.61
Cap/Depr 54.51%
Cap/Sales 4.3%
Interest Coverage 1.39
Cash Conversion 60.65%
Profit Quality N/A
Current Ratio 1.26
Quick Ratio 1.05
Altman-Z N/A
F-Score6
WACC10.35%
ROIC/WACC0.73
Cap/Depr(3y)65.55%
Cap/Depr(5y)59.91%
Cap/Sales(3y)4.15%
Cap/Sales(5y)3.56%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)92.24%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%109.52%
EPS Next Y144.51%
EPS Next 2Y68.49%
EPS Next 3Y59.9%
EPS Next 5YN/A
Revenue 1Y (TTM)-16.47%
Revenue growth 3Y-24.14%
Revenue growth 5Y-14.48%
Sales Q2Q%-50.12%
Revenue Next Year-51.08%
Revenue Next 2Y-33.65%
Revenue Next 3Y-23.26%
Revenue Next 5YN/A
EBIT growth 1Y30.98%
EBIT growth 3Y27.39%
EBIT growth 5Y7.11%
EBIT Next Year103.1%
EBIT Next 3Y33.81%
EBIT Next 5Y18.79%
FCF growth 1Y-50.79%
FCF growth 3Y-6.65%
FCF growth 5YN/A
OCF growth 1Y-37.09%
OCF growth 3Y13.06%
OCF growth 5Y-8.51%

NGL ENERGY PARTNERS LP / NGL FAQ

What is the fundamental rating for NGL stock?

ChartMill assigns a fundamental rating of 2 / 10 to NGL.


What is the valuation status of NGL ENERGY PARTNERS LP (NGL) stock?

ChartMill assigns a valuation rating of 5 / 10 to NGL ENERGY PARTNERS LP (NGL). This can be considered as Fairly Valued.


Can you provide the profitability details for NGL ENERGY PARTNERS LP?

NGL ENERGY PARTNERS LP (NGL) has a profitability rating of 3 / 10.


Can you provide the financial health for NGL stock?

The financial health rating of NGL ENERGY PARTNERS LP (NGL) is 2 / 10.