NGL ENERGY Partners Lp: Not A Good Choice In The Energy Sector

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NGL ($NYSE:NGL) Energy Partners LP is a publicly traded partnership that owns and operates natural gas liquids and crude oil logistics and marketing assets. NGL Energy Partners LP is not a good choice in the energy sector. In addition, the company’s debt levels are high, and it faces significant competition from larger and better-capitalized rivals. As such, we believe investors would be better off avoiding NGL Energy Partners LP stock.

Share Price

News about the company is mostly mixed, and on Thursday, its stock plunged by 10.1% from the previous closing price of $1.5. While the company has been working to diversify its business and reduce its reliance on the oil and gas industry, it has not been successful in doing so.

VI Analysis

The company’s fundamentals reflect its long term potential. However, according to VI Risk Rating, NGL Energy Partners LP is a medium risk investment in terms of financial and business aspects. VI App has detected 1 risk warnings in income sheet. Register with us to check it out.

VI 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 a publicly traded partnership that owns and operates natural gas liquids assets in the United States. NGL ENERGY PARTNERS LP is not a good choice for investors seeking exposure to the energy sector. The company’s stock price has been volatile in recent months, and it faces significant headwinds from the ongoing coronavirus pandemic.