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NGL Energy Partners LP (NYSE:NGL)
3-Year Average Buyback Ratio
-24.80 (As of Sep. 2016)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

NGL' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -93.6   Max: 0
Current: -24.8

-93.6
0

During the past 8 years, NGL Energy Partners LP's highest 3-Year Average Share Buyback Ratio was 0.00. The lowest was -93.60. And the median was -52.60.

NGL's 3-Year Average Buyback Ratio is ranked lower than
88% of the 65 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: -1.50 vs. NGL: -24.80 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

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