NGL (NGL Energy Partners LP) FCF Margin %: 8.25% (As of Mar. 2026) — 617% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NGL NGL Energy Partners LP NGL
41 GF Score
Price $15.30
GF Value $4.39
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is NGL Energy Partners LP FCF Margin %?

NGL Energy Partners LP NGL -0.39% 41 FCF Margin % is 8.25% as of Mar. 2026, which is 617% above its 10-year median of 1.15. 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 908 Oil & Gas companies, NGL Energy Partners LP ranks better than 54.41% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. NGL Energy Partners LP's Free Cash Flow for the three months ended in Mar. 2026 was $78 Mil. NGL Energy Partners LP's Revenue for the three months ended in Mar. 2026 was $950 Mil. Therefore, NGL Energy Partners LP's FCF Margin % for the quarter that ended in Mar. 2026 was 8.25%.

As of today, NGL Energy Partners LP's current FCF Yield % is 7.58%.

The historical rank and industry rank for NGL Energy Partners LP's FCF Margin % or its related term are showing as below:

NGL' s FCF Margin % Range Over the Past 10 Years
Min: -2.91   Med: 1.15   Max: 5.39
Current: 4.58


During the past 13 years, the highest FCF Margin % of NGL Energy Partners LP was 5.39%. The lowest was -2.91%. And the median was 1.15%.

NGL's FCF Margin % is ranked better than
54.41% of 908 companies
in the Oil & Gas industry
Industry Median: 3.38 vs NGL: 4.58


NGL Energy Partners LP FCF Margin % Related Terms


NGL Energy Partners LP FCF Margin % Historical Data

* Premium members only.

The historical data trend for NGL Energy Partners LP's FCF Margin % 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 FCF Margin % Chart

NGL Energy Partners LP Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 5.24 5.39 1.49 4.58

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
FCF Margin % 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 12.07 1.78 1.41 5.02 8.25

NGL vs GEL, TNK, FLNG: FCF Margin % Comparison

For the Oil & Gas Midstream subindustry, NGL Energy Partners LP's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NGL Energy Partners LP's FCF Margin % distribution charts can be found below:

* The bar in red indicates where NGL Energy Partners LP's FCF Margin % falls into.


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

NGL Energy Partners LP FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

NGL Energy Partners LP's FCF Margin for the fiscal year that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=144.675/3156.159
=4.58 %

NGL Energy Partners LP's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=78.377/949.51
=8.25 %

* 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 FCF Margin % →
What does a FCF Margin % of 8.25% mean?
NGL Energy Partners LP (NGL) has a FCF Margin % of 8.25% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on NGL Energy Partners LP and its competitors. This is 617% above median its historical median of 1.15. According to the industry distribution chart, NGL Energy Partners LP ranks #414 out of 908 companies in the Oil & Gas industry, placing it in the top 45.6%.
Is NGL Energy Partners LP's FCF Margin % too high?
NGL Energy Partners LP's current FCF Margin % of 8.25% is 617% above median its 10-year median of 1.15. The Oil & Gas industry median FCF Margin % is 3.38. NGL Energy Partners LP's value of 8.25% is 144.1% above this industry median. Based on the distribution chart, NGL Energy Partners LP ranks #414 out of 908 companies in the Oil & Gas industry, which is above the industry midpoint. 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 FCF Margin % compare to GEL and TNK?
According to the Oil & Gas industry distribution chart, NGL Energy Partners LP ranks #414 out of 908 companies for FCF Margin %. This puts NGL Energy Partners LP in the upper half of its industry. The industry median FCF Margin % is 3.38. NGL Energy Partners LP's value of 8.25% is 144.1% above this benchmark. While the company's 10-year median is 1.15 vs. the industry median of 3.38, 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 FCF Margin % for an Oil & Gas company?
The median FCF Margin % among Oil & Gas companies is 3.38, based on 908 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NGL Energy Partners LP's current FCF Margin % of 8.25% is 144.1% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on NGL Energy Partners LP and its competitors. For the Oil & Gas industry, the median FCF Margin % is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NGL Energy Partners LP's current FCF Margin % is 8.25%, which is 617% above median its own 10-year median of 1.15. 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 $15.30 — trading 248.5% above its estimated fair value. The current FCF Margin % is 8.25%, which is 617% above median its 10-year median of 1.15 and 144.1% above the Oil & Gas industry median of 3.38. 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 FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For NGL Energy Partners LP (NGL), the current FCF Margin % is 8.25% 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 $15.30 is trading 248.5% above its estimated GF Value™ of $4.39. GuruFocus considers NGL Energy Partners LP to be Significantly Overvalued.

Key valuation signals for NGL:

  • FCF Margin %: 8.25% (617% above median its 10-year median of 1.15)
  • GF Value™: $4.39 vs. price of $15.30 (248.5% above fair value)
  • GF Score™: 41/100 with 6 warning signs
  • Industry Position: 144.1% above the Oil & Gas median (#414 of 908)

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

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

$15.30
Price
$4.39
GF Value