NGL Energy Partners LP Stock Prices Double, Yet Remain Affordable
May 6, 2023
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NGL ($NYSE:NGL) Energy Partners LP has been making headlines recently as its stock prices have more than doubled. Despite this surge in popularity, the stock remains an affordable option for investors, making it an attractive investment. NGL Energy Partners LP is an independent midstream logistics and marketing company that processes, stores, and markets natural gas liquids (NGLs) and crude oil. Its services include gathering, treating, and transporting oil, natural gas liquids, and crude oil. Furthermore, the company provides terminaling and storage services, including natural gas liquids storage, rail loading and unloading services, and truck and pipeline transportation services. The company has achieved a great deal of success over the years by growing both organically and through strategic acquisitions.
This success is further evident in its recent stock prices, which have doubled yet remain within reason for consumers. In addition to its impressive stock values, the company also provides a high yield dividend to its investors. As such, NGL Energy Partners LP is an ideal investment for those looking to achieve long-term gains at relatively low prices.
Market Price
The stock opened at $2.7 and closed at $2.8, representing a 3.4% increase from its previous closing price of $2.7. Despite the substantial growth in stock prices, NGL remains one of the more affordable energy stocks on the market. Given the volatile nature of the energy industry and the economic downturn, many investors were surprised to see NGL’s stock prices double in such a short period of time. This impressive performance is likely due to NGL’s strong balance sheet, which has allowed them to remain resilient despite market conditions.
NGL’s ability to weather economic downturns and reach impressive stock prices has made them an attractive investment for many. The combination of affordability and performance makes NGL an attractive option for investors looking to diversify their portfolio or add exposure to the energy sector. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NGL. More…
| Total Revenues | Net Income | Net Margin |
| 9.18k | -61.84 | 0.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NGL. More…
| Operations | Investing | Financing |
| 385.8 | -187.97 | -198.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NGL. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.91k | 5.11k | 5.97 |
Key Ratios Snapshot
Some of the financial key ratios for NGL are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -26.7% | 9.7% | 3.5% |
| FCF Margin | ROE | ROA |
| 2.5% | 26.6% | 3.4% |
Analysis
At GoodWhale, we have taken a deep dive into the fundamentals of NGL ENERGY PARTNERS LP and have conducted a thorough analysis. Our Risk Rating has assessed that this is a medium risk investment, considering both financial and business aspects. We have also detected one risk warning in their income sheet. If you would like to know more about the risks associated with NGL ENERGY PARTNERS LP, be sure to register on goodwhale.com and check out our detailed report. 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 is an attractive investment opportunity for those looking to benefit from rising crude oil and natural gas prices. The stock has doubled in price since late January, yet still remains a relatively cheap option in terms of its price-to-earnings ratio and price-to-book value. Analysts expect the company to benefit from increased demand for midstream services, as well as from favorable supply and demand dynamics in the energy markets.
In addition, the company has a solid balance sheet and a highly diversified portfolio of assets. This could make it a viable option for investors looking for long-term growth and stability.
