NGL (NGL Energy Partners LP) EBIT: $68 Mil (TTM As of Mar. 2026)

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NGL NGL Energy Partners LP NGL
41 GF Score
Price $15.56
GF Value $4.39
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is NGL Energy Partners LP EBIT?

NGL Energy Partners LP NGL -3.23% 41 EBIT is $68 Mil as of Mar. 2026. GuruFocus rates NGL with a GF Score™ of 41/100 and a GF Value™ of $4.39 (Significantly Overvalued). The stock has 6 warning signs investors should review.

NGL Energy Partners LP's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-225 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $68 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NGL Energy Partners LP's annualized ROC % for the quarter that ended in Mar. 2026 was 4.97%. NGL Energy Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -39.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NGL Energy Partners LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.27%.


NGL Energy Partners LP  (NYSE:NGL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

NGL Energy Partners LP's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=184.648 * ( 1 - 0% )/( (3830.759 + 3594.531)/ 2 )
=184.648/3712.645
=4.97 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4382.585 - 545.35 - ( 6.476 - max(0, 646.776 - 721.395+6.476))
=3830.759

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4175.539 - 572.503 - ( 8.505 - max(0, 739.482 - 773.95+8.505))
=3594.531

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

NGL Energy Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-900.184/( ( (2222.259 + max(110.398, 0)) + (2205.073 + max(70.879, 0)) )/ 2 )
=-900.184/( ( 2332.657 + 2275.952 )/ 2 )
=-900.184/2304.3045
=-39.07 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(597.997 + 78.809 + 38.113) - (545.35 + 13.685 + 45.486)
=110.398

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(661.47 + 67.351 + 36.624) - (572.503 + 15.201 + 106.862)
=70.879

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

NGL Energy Partners LP's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=67.62/5304.478
=1.27 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


NGL Energy Partners LP EBIT Related Terms


NGL Energy Partners LP EBIT Historical Data

* Premium members only.

The historical data trend for NGL Energy Partners LP's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NGL Energy Partners LP EBIT Chart

NGL Energy Partners LP Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 71.55 267.96 98.35 327.75 67.42

NGL Energy Partners LP Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 80.61 91.88 91.63 109.15 -225.05

NGL vs GEL, TNK, FLNG: EBIT Comparison

For the Oil & Gas Midstream subindustry, NGL Energy Partners LP's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NGL Energy Partners LP EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NGL Energy Partners LP's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where NGL Energy Partners LP's EV-to-EBIT falls into.


NGL
41GF Score
NGL Energy Partners LP NGL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NGL Energy Partners LP EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $68 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $68 Mil mean?
NGL Energy Partners LP (NGL) has a EBIT of $68 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on NGL Energy Partners LP.
Is NGL Energy Partners LP's EBIT too high?
NGL Energy Partners LP's current EBIT is $68 Mil. Overall, NGL Energy Partners LP has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NGL Energy Partners LP's EBIT compare to GEL and TNK?
NGL Energy Partners LP's EBIT of $68 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Oil & Gas company?
A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on NGL Energy Partners LP. NGL Energy Partners LP's current EBIT is $68 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NGL Energy Partners LP stock overvalued right now?
Based on GuruFocus' analysis, NGL Energy Partners LP (NGL) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.39, compared to a current price of $15.56 — trading 254.4% above its estimated fair value. The current EBIT is $68 Mil. NGL Energy Partners LP's overall GF Score™ is 41/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For NGL Energy Partners LP (NGL), the current EBIT is $68 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NGL Energy Partners LP (NGL) Overvalued in 2026?

Based on GuruFocus' analysis, NGL Energy Partners LP stock appears to be overvalued. The current stock price of $15.56 is trading 254.4% above its estimated GF Value™ of $4.39. GuruFocus considers NGL Energy Partners LP to be Significantly Overvalued.

Key valuation signals for NGL:

  • EBIT: $68 Mil
  • GF Value™: $4.39 vs. price of $15.56 (254.4% above fair value)
  • GF Score™: 41/100 with 6 warning signs

No single metric tells the full story. See the NGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NGL Energy Partners LP Business Description

Industry EnergyOil & Gas
Other Exchanges NGLpC.PFD:USANGLpB.PFD:USA
Address 6120 South Yale Avenue, Suite 1300, Tulsa, OK, USA, 74136
NGL Energy Partners LP is a USA-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, and Liquids Logistics. It operates crude oil Logistics, owns pipeline injection stations, and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, as well as for the disposal of solids, such as tank bottoms and drilling fluids. The firm also supplies natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants and sells propane and distillates.
41GF Score

Get the complete analysis for NGL

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$15.56
Price
$4.39
GF Value