NGL Energy Partners LP (NGL Energy Partners LP) Gross Margin % : 10.59% (As of Dec. 2023)

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What is NGL Energy Partners LP Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. NGL Energy Partners LP's Gross Profit for the three months ended in Dec. 2023 was $198 Mil. NGL Energy Partners LP's Revenue for the three months ended in Dec. 2023 was $1,870 Mil. Therefore, NGL Energy Partners LP's Gross Margin % for the quarter that ended in Dec. 2023 was 10.59%.

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

NGL' s Gross Margin % Range Over the Past 10 Years
Min: 2.35 Med: 6.14 Max: 10.46
Current: 10.46

During the past 13 years, the highest Gross Margin % of NGL Energy Partners LP was 10.46%. The lowest was 2.35%. And the median was 6.14%.

NGL's Gross Margin % is ranked worse than
76.97% of 925 companies
in the Oil & Gas industry
Industry Median: 27.87 vs NGL: 10.46

NGL Energy Partners LP had a gross margin of 10.59% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for NGL Energy Partners LP was 4.30% per year.

NGL Energy Partners LP Gross Margin % Historical Data

The historical data trend for NGL Energy Partners LP's Gross 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.

* Premium members only.

NGL Energy Partners LP Gross Margin % Chart

NGL Energy Partners LP Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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5.69

9.42

7.96

6.54

8.87

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
Gross Margin %	Get a 7-Day Free Trial															9.80	10.19	10.38	10.71	10.59

Competitive Comparison of NGL Energy Partners LP's Gross Margin %

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

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

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

NGL Energy Partners LP Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

NGL Energy Partners LP's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	771.3	/	8694.904
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(8694.904 - 7923.645)	/	8694.904
	=	8.87 %

NGL Energy Partners LP's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	198	/	1869.777
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1869.777 - 1671.729)	/	1869.777
	=	10.59 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

NGL Energy Partners LP (NYSE:NGL) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

NGL Energy Partners LP had a gross margin of 10.59% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

NGL Energy Partners LP Gross Margin % Related Terms

Thank you for viewing the detailed overview of NGL Energy Partners LP's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

NGL Energy Partners LP (NGL Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NGL Energy Partners LP (NYSE:NGL) » Definitions » Gross Margin %

Comparable Companies

BROG TK TNP EE OSG GPP SMLP PBT BPT MMLP TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP CQP

Traded in Other Exchanges

NGLpC.PFD:USA NGLpB.PFD:USA

Address

6120 South Yale Avenue, Suite 805, Tulsa, OK, USA, 74136

Website

https://www.nglenergypartners.com

NGL Energy Partners LP is a us-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 storage terminals, and owns pipeline injection stations and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, and 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.

Executives

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