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NGL Energy Partners LPNGL -0.75%41 Interest Coverage is 0.75 as of Mar. 2026, which is 31% below its 10-year median of 1.09. 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 730 Oil & Gas companies, NGL Energy Partners LP ranks worse than 87.95% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. NGL Energy Partners LP's
Operating Income
for the
three
months ended in Mar. 2026 was $46 Mil. NGL Energy Partners LP's Interest Expense for the
three
months ended in Mar. 2026 was $-62 Mil.
NGL Energy Partners LP's interest coverage for the quarter that ended in Mar. 2026 was 0.75.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. NGL Energy Partners LP interest coverage is 1.42, which is low.
The historical rank and industry rank for NGL Energy Partners LP's Interest Coverage or its related term are showing as below:
NGL'
s Interest Coverage Range Over the Past 10 Years
Min: 0.46 Med: 1.09 Max: 1.52
Current: 1.42
NGL's Interest Coverage is ranked worse than 87.95% of 730
companies
in the Oil & Gas industry
Industry Median: 5.89
vs NGL: 1.42
NGL Energy Partners LP (NYSE:NGL) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
NGL Energy Partners LP Interest Coverage Related Terms
NGL Energy Partners LP Interest Coverage Historical Data
* Premium members only.
The historical data trend for NGL Energy Partners LP's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
NGL vs GEL, TNK, FLNG: Interest Coverage Comparison
For the Oil & Gas Midstream subindustry, NGL Energy Partners LP's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NGL Energy Partners LP's Interest Coverage distribution charts can be found below:
* The bar in red indicates where NGL Energy Partners LP's Interest Coverage falls into.
NGL Energy Partners LP Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 Interest Coverage of 0.75 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on NGL Energy Partners LP and its competitors. This is 31% below median its historical median of 1.09. Over the past decade, NGL Energy Partners LP's Interest Coverage has ranged from 0.46 to 1.52. According to the industry distribution chart, NGL Energy Partners LP ranks #642 out of 730 companies in the Oil & Gas industry, placing it in the top 87.9%.
Is NGL Energy Partners LP's Interest Coverage too high?
NGL Energy Partners LP's current Interest Coverage of 0.75 is 31% below median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.52. The Oil & Gas industry median Interest Coverage is 5.89. NGL Energy Partners LP's value of 0.75 is 87.3% below this industry median. Based on the distribution chart, NGL Energy Partners LP ranks #642 out of 730 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 Interest Coverage compare to GEL and TNK?
According to the Oil & Gas industry distribution chart, NGL Energy Partners LP ranks #642 out of 730 companies for Interest Coverage. This places NGL Energy Partners LP in the lower half of its industry. The industry median Interest Coverage is 5.89. NGL Energy Partners LP's value of 0.75 is 87.3% below this benchmark. Historically, NGL Energy Partners LP's own Interest Coverage has ranged from 0.46 to 1.52 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 5.89, NGL Energy Partners LP has consistently been below 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 Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.89, based on 730 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NGL Energy Partners LP's current Interest Coverage of 0.75 is 87.3% below 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on NGL Energy Partners LP and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NGL Energy Partners LP's current Interest Coverage is 0.75, which is 31% below median its own 10-year median of 1.09. 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 $15.25 — trading 247.3% above its estimated fair value. The current Interest Coverage is 0.75, which is 31% below median its 10-year median of 1.09 and 87.3% below the Oil & Gas industry median of 5.89. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For NGL Energy Partners LP (NGL), the current Interest Coverage is 0.75 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 $15.25 is trading 247.3% above its estimated GF Value™ of $4.39.
GuruFocus considers NGL Energy Partners LP to be Significantly Overvalued.
Key valuation signals for NGL:
Interest Coverage: 0.75 (31% below median its 10-year median of 1.09)
GF Value™: $4.39 vs. price of $15.25 (247.3% above fair value)
Industry Position: 87.3% below the Oil & Gas median (#642 of 730)
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.
41GF Score
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