NGL has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NGL has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
NGL Energy Partners LP has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for NGL Energy Partners LP's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of NGL Energy Partners LP was 7. The lowest was 2. And the median was 5.
The historical data trend for NGL Energy Partners LP's Piotroski F-Score 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 Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial | 5.00 | 3.00 | 3.00 | 5.00 | 7.00 |
NGL Energy Partners LP Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Piotroski F-Score | Get a 7-Day Free Trial | 7.00 | 7.00 | 6.00 | 6.00 | 7.00 |
For the Oil & Gas Midstream subindustry, NGL Energy Partners LP's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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.
For the Oil & Gas industry and Energy sector, NGL Energy Partners LP's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where NGL Energy Partners LP's Piotroski F-Score falls into.
How is the Piotroski F-Score calculated?
* 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.
This Year (Dec23) TTM: | Last Year (Dec22) TTM: |
Net Income was -33.519 + 19.301 + 28.028 + 45.682 = $59 Mil. Cash Flow from Operations was 238.321 + 55.111 + 75.989 + 92.841 = $462 Mil. Revenue was 2048.834 + 1616.104 + 1841.096 + 1869.777 = $7,376 Mil. Gross Profit was 208.793 + 167.796 + 197.122 + 198.048 = $772 Mil. Average Total Assets from the begining of this year (Dec22) to the end of this year (Dec23) was (5914.091 + 5456.144 + 5305.654 + 5627.915 + 5362.487) / 5 = $5533.2582 Mil. Total Assets at the begining of this year (Dec22) was $5,914 Mil. Long-Term Debt & Capital Lease Obligation was $2,755 Mil. Total Current Assets was $1,341 Mil. Total Current Liabilities was $1,088 Mil. |
Net Income was -29.36 + 22.861 + 3.51 + 58.534 = $56 Mil. Revenue was 2533.247 + 2497.383 + 2009.447 + 2139.24 = $9,179 Mil. Gross Profit was 128.067 + 175.712 + 177.209 + 209.545 = $691 Mil. Average Total Assets from the begining of last year (Dec21) to the end of last year (Dec22) was (6094.771 + 6070.345 + 6237.558 + 6114.167 + 5914.091) / 5 = $6086.1864 Mil. Total Assets at the begining of last year (Dec21) was $6,095 Mil. Long-Term Debt & Capital Lease Obligation was $2,975 Mil. Total Current Assets was $1,518 Mil. Total Current Liabilities was $1,485 Mil. |
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
NGL Energy Partners LP's current Net Income (TTM) was 59.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
NGL Energy Partners LP's current Cash Flow from Operations (TTM) was 462.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Score 1 if it's higher, 0 if it's lower.
ROA (This Year) | = | Net Income | / | Total Assets (Dec22) |
= | 59.492 | / | 5914.091 | |
= | 0.01005936 |
ROA (Last Year) | = | Net Income | / | Total Assets (Dec21) |
= | 55.545 | / | 6094.771 | |
= | 0.00911355 |
NGL Energy Partners LP's return on assets of this year was 0.01005936. NGL Energy Partners LP's return on assets of last year was 0.00911355.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Score 1 if CFROA > ROA, 0 if CFROA <= ROA.
NGL Energy Partners LP's current Net Income (TTM) was 59. NGL Energy Partners LP's current Cash Flow from Operations (TTM) was 462.
==> 462 > 59 ==> CFROA > ROA ==> Score 1.
Funding
Question 5. Change in Gearing or Leverage
Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.
Score 0 if this year's gearing is higher, 1 otherwise.
Gearing (This Year: Dec23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec22 to Dec23 |
= | 2754.748 | / | 5533.2582 | |
= | 0.49785278 |
Gearing (Last Year: Dec22) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec21 to Dec22 |
= | 2974.692 | / | 6086.1864 | |
= | 0.48876124 |
NGL Energy Partners LP's gearing of this year was 0.49785278. NGL Energy Partners LP's gearing of last year was 0.48876124.
==> Last year is lower than this year ==> Score 0.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Current Ratio (This Year: Dec23) | = | Total Current Assets | / | Total Current Liabilities |
= | 1340.567 | / | 1088.012 | |
= | 1.2321252 |
Current Ratio (Last Year: Dec22) | = | Total Current Assets | / | Total Current Liabilities |
= | 1518.138 | / | 1484.599 | |
= | 1.02259129 |
NGL Energy Partners LP's current ratio of this year was 1.2321252. NGL Energy Partners LP's current ratio of last year was 1.02259129.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
NGL Energy Partners LP's number of shares in issue this year was 132.499. NGL Energy Partners LP's number of shares in issue last year was 134.485.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Gross Margin (This Year: TTM) | = | Gross Profit | / | Revenue |
= | 771.759 | / | 7375.811 | |
= | 0.10463378 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 690.533 | / | 9179.317 | |
= | 0.07522706 |
NGL Energy Partners LP's gross margin of this year was 0.10463378. NGL Energy Partners LP's gross margin of last year was 0.07522706.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Asset Turnover (This Year) | = | Revenue | / | Total Assets at the Beginning of This Year (Dec22) |
= | 7375.811 | / | 5914.091 | |
= | 1.24715886 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Dec21) |
= | 9179.317 | / | 6094.771 | |
= | 1.50609711 |
NGL Energy Partners LP's asset turnover of this year was 1.24715886. NGL Energy Partners LP's asset turnover of last year was 1.50609711.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score | = | Que. 1 | + | Que. 2 | + | Que. 3 | + | Que. 4 | + | Que. 5 | + | Que. 6 | + | Que. 7 | + | Que. 8 | + | Que. 9 |
= | 1 | + | 1 | + | 1 | + | 1 | + | 0 | + | 1 | + | 1 | + | 1 | + | 0 | |
= | 7 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
NGL Energy Partners LP has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
NGL Energy Partners LP (NYSE:NGL) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Thank you for viewing the detailed overview of NGL Energy Partners LP's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Bradley P Cooper | officer: CFO & EVP | 6120 S YALE AVE SUITE 805, TULSA OK 74136 |
H Michael Krimbill | director, officer: CEO | 8801 S YALE STE 310, TULSA OK 74137 |
Derek S Reiners | director | 100 W. 5TH ST., TULSA OK 74103 |
James M Collingsworth | director | 1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002 |
John Ciolek | officer: Exec. Vice President | 6120 S. YALE AVE., SUITE 805, TULSA OK 74136 |
Kurston Patrick Mcmurray | officer: GC, SVP and Secretary | 6120 S. YALE AVE., SUITE 805, TULSA OK 74136 |
Linda J Bridges | officer: CFO & EVP | 6120 S. YALE AVE., SUITE 805, TULSA OK 74136 |
Eig Neptune Equity Aggregator, L.p. | 10 percent owner | 600 NEW HAMPSHIRE AVE NW, SUITE 1200, WASHINGTON DC 20037 |
Karlovich Robert W Iii | officer: CFO, Exec. VP and Treasurer | ATLAS PIPELINE PARTNERS, GP, 110 W. 7TH, SUITE 2300, TULSA OK 74119 |
Brian P. Boland | director | 1700 PENNSYLVANIA AVE NW, SUITE 800, WASHINGTON DC 20006 |
John T Raymond | 10 percent owner | THE ENERGY & MINERALS GROUP, 811 MAIN STREET, SUITE 4200, HOUSTON TX 77002 |
Highstar Capital Ngl Co-invest Manager Llc | 10 percent owner | 1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019 |
Highstar Ngl Main Interco Llc | 10 percent owner | 1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019 |
Highstar Capital Gp Iv Holdings | 10 percent owner | 1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019 |
Ngl Civ A, Llc | 10 percent owner | 1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019 |
From GuruFocus
By Business Wire Business Wire • 01-24-2022
By Business Wire • 07-19-2023
By Business Wire • 08-01-2023
By Business Wire Business Wire • 07-26-2021
By Business Wire Business Wire • 08-01-2022
By Business Wire Business Wire • 04-20-2023
By Business Wire Business Wire • 02-10-2022
By GuruFocus Research GuruFocus Editor • 12-14-2021
By Business Wire Business Wire • 05-23-2022
By Business Wire • 01-17-2024
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.