NGL Stock Fair Value – NGL ENERGY PARTNERS LP Announces FY2024 Q2 Earnings Results for Period Ending September 30 2023.

☀️Earnings Overview

On November 9 2023, NGL ENERGY PARTNERS LP ($NYSE:NGL) reported their earnings results for FY2024 Q2, which ended on September 30 2023. Total revenue for the quarter was USD 1841.1 million, a decrease of 8.4% year-on-year.

Market Price

Upon open of trading, NGL’s stock opened at $4.1 and closed at $4.2, up 0.2% from the previous closing price of 4.2. The company recorded impressive gains in net income and total operating income compared to the figures reported at the same time last year. Investors reacted positively to the news, causing NGL’s stock price to increase by 0.2% from the previous closing price. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for NGL. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for NGL. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for NGL. More…

Key Ratios Snapshot

Some of the financial key ratios for NGL are shown below. More…

Analysis – NGL Stock Fair Value

At GoodWhale, we have conducted an analysis of NGL ENERGY PARTNERS LP’s wellbeing, and have calculated the fair value of their stock to be around $2.5. This number was calculated using our proprietary Valuation Line. However, the stock is currently being traded at $4.2, which is an overvaluation of 67.9%. We believe this could present a potential buying opportunity for keen investors. More…

Peers

The Partnership’s operations are primarily conducted through its wholly owned subsidiaries. NGL Energy Partners LP is one of the largest providers of midstream energy services in North America. The Partnership has a diversified portfolio of assets that provide services to producers and end users of natural gas liquids (“NGLs”), crude oil, refined products and petrochemicals. The Partnership’s assets include: natural gas liquids pipelines, storage facilities, fractionators, railcars, barges, trucks, and related transportation and logistics assets.

– Energy Transfer LP ($NYSE:ET)

Energy Transfer LP is a publicly traded limited partnership that owns and operates energy infrastructure assets in the United States. The company has a market capitalization of $38.68 billion as of 2022 and a return on equity of 14.71%. Energy Transfer’s business segments include natural gas, natural gas liquids, crude oil, and refined products. The company’s natural gas segment includes interstate and intrastate natural gas transportation and storage assets, as well as natural gas gathering and processing assets. Energy Transfer’s natural gas liquids segment consists of natural gas liquids transportation, storage, and fractionation assets. The company’s crude oil segment includes crude oil transportation and storage assets, as well as crude oil gathering and marketing assets. Energy Transfer’s refined products segment includes refined products transportation and storage assets.

– Kinetik Holdings Inc ($NASDAQ:KNTK)

Kinder Morgan Inc is one of the largest energy infrastructure companies in North America. They own an interest in or operate approximately 84,000 miles of pipelines and about 180 terminals. The company transports natural gas, crude oil, refined petroleum products, and CO2. They also store and handle petroleum products, chemicals, and other bulk liquids.

Summary

NGL ENERGY PARTNERS LP reported its earnings results for FY2024 Q2 on November 9 2023. Revenue for the quarter was USD 1841.1 million, a decrease of 8.4%, and net income was USD 28.0 million. For investors, this is an encouraging sign that the company’s financial performance is improving. Nevertheless, further analysis of the company’s financials is needed in order to form an optimal investment strategy.