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NGL Energy Partners LPNGL -1.63%41 EV-to-FCF is 36.28 as of Jul. 15, 2026, which is 124% above its 10-year median of 16.19. 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. Among 580 Oil & Gas companies, NGL Energy Partners LP ranks worse than 78.97% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, NGL Energy Partners LP's Enterprise Value is $5,248 Mil.
NGL Energy Partners LP's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $145 Mil. Therefore, NGL Energy Partners LP's EV-to-FCF for today is 36.28.
The historical rank and industry rank for NGL Energy Partners LP's EV-to-FCF or its related term are showing as below:
NGL'
s EV-to-FCF Range Over the Past 10 Years
Min: -204.55 Med: 16.19 Max: 1461.51
Current: 36.28
During the past 13 years, the highest EV-to-FCF of NGL Energy Partners LP was 1461.51. The lowest was -204.55. And the median was 16.19.
NGL's EV-to-FCF is ranked worse than 78.97% of 580
companies
in the Oil & Gas industry
Industry Median: 15.64
vs NGL: 36.28
EV-to-FCF 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-FCF Explanation
EV-to-FCF 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 $15.11.
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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NGL Energy Partners LP's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where NGL Energy Partners LP's EV-to-FCF falls into.
NGL Energy Partners LP's current Enterprise Value is $5,248 Mil.
NGL Energy Partners LP's Free Cash Flow 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 $145 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-FCF of 36.28 as of Jul. 15, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on NGL Energy Partners LP and its competitors. This is 124% above median its historical median of 16.19. According to the industry distribution chart, NGL Energy Partners LP ranks #458 out of 580 companies in the Oil & Gas industry, placing it in the top 79%.
Is NGL Energy Partners LP's EV-to-FCF too high?
NGL Energy Partners LP's current EV-to-FCF of 36.28 is 124% above median its 10-year median of 16.19. The Oil & Gas industry median EV-to-FCF is 15.64. NGL Energy Partners LP's value of 36.28 is 132% above this industry median. Based on the distribution chart, NGL Energy Partners LP ranks #458 out of 580 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 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NGL Energy Partners LP's EV-to-FCF compare to GEL and TNK?
According to the Oil & Gas industry distribution chart, NGL Energy Partners LP ranks #458 out of 580 companies for EV-to-FCF. This places NGL Energy Partners LP in the lower half of its industry. The industry median EV-to-FCF is 15.64. NGL Energy Partners LP's value of 36.28 is 132% above this benchmark. While the company's 10-year median is 16.19 vs. the industry median of 15.64, 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-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.64, based on 580 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF 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-FCF of 36.28 is 132% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on NGL Energy Partners LP and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.64 — 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-FCF is 36.28, which is 124% above median its own 10-year median of 16.19. 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 $15.11 — trading 244.2% above its estimated fair value. The current EV-to-FCF is 36.28, which is 124% above median its 10-year median of 16.19 and 132% above the Oil & Gas industry median of 15.64. 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 EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For NGL Energy Partners LP (NGL), the current EV-to-FCF is 36.28 as of Jul. 15, 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 $15.11 is trading 244.2% 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-FCF: 36.28 (124% above median its 10-year median of 16.19)
GF Value™: $4.39 vs. price of $15.11 (244.2% above fair value)
Industry Position: 132% above the Oil & Gas median (#458 of 580)
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.
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