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NGL Energy Partners LPNGL +3.74%45 EV-to-OCF is 14.68 as of Jul. 31, 2026, which is 20% above its 10-year median of 12.25. GuruFocus rates NGL with a GF Score™ of 45/100 and a GF Value™ of $4.39 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,017 Oil & Gas companies, NGL Energy Partners LP ranks worse than 81.22% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, NGL Energy Partners LP's Enterprise Value is $5,372 Mil.
NGL Energy Partners LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $366 Mil. Therefore, NGL Energy Partners LP's EV-to-OCF for today is 14.68.
The historical rank and industry rank for NGL Energy Partners LP's EV-to-OCF or its related term are showing as below:
NGL'
s EV-to-OCF Range Over the Past 10 Years
Min: -227.3 Med: 12.25 Max: 114.7
Current: 14.68
During the past 13 years, the highest EV-to-OCF of NGL Energy Partners LP was 114.70. The lowest was -227.30. And the median was 12.25.
NGL's EV-to-OCF is ranked worse than 81.22% of 1017
companies
in the Oil & Gas industry
Industry Median: 5.83
vs NGL: 14.68
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
NGL Energy Partners LP (NYSE:NGL) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
NGL Energy Partners LP's PE Ratio (TTM) for today is calculated as:
NGL Energy Partners LP's share price for today is $16.10.
NGL Energy Partners LP's Earnings per Share (Diluted) 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 $-3.190.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* 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.
For the Oil & Gas Midstream subindustry, NGL Energy Partners LP's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NGL Energy Partners LP's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where NGL Energy Partners LP's EV-to-OCF falls into.
NGL Energy Partners LP's current Enterprise Value is $5,372 Mil.
NGL Energy Partners LP's Cash Flow from Operations 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 $366 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.
NGL Energy Partners LP (NGL) has a EV-to-OCF of 14.68 as of Jul. 31, 2026. This is 20% above median its historical median of 12.25. According to the industry distribution chart, NGL Energy Partners LP ranks #826 out of 1017 companies in the Oil & Gas industry, placing it in the top 81.2%.
Is NGL Energy Partners LP's EV-to-OCF too high?
NGL Energy Partners LP's current EV-to-OCF of 14.68 is 20% above median its 10-year median of 12.25. The Oil & Gas industry median EV-to-OCF is 5.83. NGL Energy Partners LP's value of 14.68 is 151.8% above this industry median. Based on the distribution chart, NGL Energy Partners LP ranks #826 out of 1017 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, NGL Energy Partners LP has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NGL Energy Partners LP's EV-to-OCF compare to LPG and GEL?
According to the Oil & Gas industry distribution chart, NGL Energy Partners LP ranks #826 out of 1017 companies for EV-to-OCF. This places NGL Energy Partners LP in the lower half of its industry. The industry median EV-to-OCF is 5.83. NGL Energy Partners LP's value of 14.68 is 151.8% above this benchmark. While the company's 10-year median is 12.25 vs. the industry median of 5.83, NGL Energy Partners LP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.83, based on 1,017 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NGL Energy Partners LP's current EV-to-OCF of 14.68 is 151.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median EV-to-OCF is 5.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NGL Energy Partners LP's current EV-to-OCF is 14.68, which is 20% above median its own 10-year median of 12.25. 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 $16.10 — trading 266.7% above its estimated fair value. The current EV-to-OCF is 14.68, which is 20% above median its 10-year median of 12.25 and 151.8% above the Oil & Gas industry median of 5.83. NGL Energy Partners LP's overall GF Score™ is 45/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For NGL Energy Partners LP (NGL), the current EV-to-OCF is 14.68 as of Jul. 31, 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 $16.10 is trading 266.7% above its estimated GF Value™ of $4.39.
GuruFocus considers NGL Energy Partners LP to be Significantly Overvalued.
Key valuation signals for NGL:
EV-to-OCF: 14.68 (20% above median its 10-year median of 12.25)
GF Value™: $4.39 vs. price of $16.10 (266.7% above fair value)
Industry Position: 151.8% above the Oil & Gas median (#826 of 1017)
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 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.
45GF Score
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