कंपनी का अवलोकन
NGL Energy Partners LP is a prominent entity within the energy sector, specifically operating in the Oil & Gas Midstream industry, where it facilitates the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products, renewables, and water solutions across the United States. The company structures its operations through three distinct business segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics, allowing it to diversify its service offerings within the complex midstream infrastructure landscape. In terms of scale, the firm holds a market capitalization of $1.56B and generates annual revenue of $3.53B, supported by an employee base of 569 individuals dedicated to its logistical and operational functions. These financial metrics indicate a mid-sized enterprise that has secured a significant foothold in the energy infrastructure market, as evidenced by its ability to manage multi-billion dollar revenue streams with a relatively lean workforce, suggesting high asset utilization and operational efficiency typical of the midstream sector.
वित्तीय स्वास्थ्य
The company reported revenue of $3.53B over the trailing twelve months, yet recorded a net income of -$33,629,000, while maintaining an EBITDA of $670.60M. The substantial disparity between the positive EBITDA and the negative net income reveals a cost structure heavily impacted by non-operating expenses, interest obligations, or significant tax considerations that erode bottom-line profitability despite robust operational cash generation. NGL Energy Partners LP generated free cash flow of $224.44M, which signifies a strong capacity to fund capital expenditures, service debt obligations, or pursue strategic acquisitions without relying on external equity financing. The firm's margin profile includes a gross margin of 28.9%, an operating margin of 43.9%, and a profit margin of 4.5%; the high operating margin indicates efficient core business operations, whereas the low profit margin reflects the heavy burden of interest expenses and other non-operating costs on the final earnings. Regarding liquidity and leverage, the company holds cash of $6.48M against total debt of $3.06B, resulting in a debt-to-equity ratio of 519.24, which characterizes a highly leveraged balance sheet typical for capital-intensive midstream assets. The current ratio stands at 1.11, indicating that the company possesses just enough current assets to cover its short-term liabilities, suggesting a tight but manageable liquidity position. Furthermore, the return on equity is 19.1% and the return on assets is 5.6%; these metrics demonstrate that management generates significant returns on shareholder capital despite the high debt load, although the low ROA relative to ROE highlights the amplifying effect of financial leverage on equity returns.
मूल्यांकन आकलन
Valuation metrics for NGL Energy Partners LP show a trailing P/E ratio listed as N/A due to the negative net income, while the forward P/E ratio is 14.80, implying that the market prices the stock based on anticipated future earnings recovery rather than current profitability. The price-to-book ratio is -8.02, a negative figure that indicates the market capitalization is significantly below the company's book value, often seen in distressed assets or highly leveraged entities where debt exceeds equity. Alternative valuation measures provide further context, with a price-to-sales ratio of 0.44 and an EV/EBITDA of 8.05; these multiples suggest the stock is priced at a discount relative to its sales and cash-flow-generating capability compared to peers with positive earnings. The stock's price volatility and trading range are defined by a 52-week high of $13.92 and a 52-week low of $2.64, meaning the current valuation sits within a wide band of historical performance but does not specify the exact percentage deviation without the current spot price. The beta value is 0.39, which indicates that the stock's price movements are less volatile than the broader market, offering a defensive characteristic often associated with infrastructure-heavy companies that provide essential services regardless of economic cycles.
Growth & Income
Revenue growth over the past year stands at 6.8%, while earnings growth is listed as N/A due to the current negative net income; this divergence implies that top-line expansion is outpacing bottom-line improvement, as the company works to normalize its earnings profile after recent financial headwinds. The company does not distribute dividends to shareholders, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, which means all available cash flow is retained within the business to service debt, rebuild capital reserves, or reinvest into infrastructure expansion rather than being returned as income. This strategy of zero dividend payout suggests that management prioritizes strengthening the balance sheet and operational capacity over providing immediate income to investors, a common approach for capital-intensive midstream firms facing high debt obligations. Overall, the growth and income profile reflects a company in a transitional phase where revenue expansion is occurring, but earnings stability and dividend returns are not yet priorities, focusing instead on financial restructuring and operational scaling.