NGL (NGL Energy Partners LP) Moat Score: 4/10 (As of Jul. 15, 2026)

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NGL NGL Energy Partners LP NGL
41 GF Score
Price $15.30
GF Value $4.39
Valuation Significantly Overvalued
! 6 Warning Signs
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What is NGL Energy Partners LP Moat Score?

NGL Energy Partners LP NGL -0.39% 41 Moat Score is 4 as of Jul. 15, 2026. 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 1,038 Oil & Gas companies, NGL Energy Partners LP ranks better than 87.19% on this metric.

NGL Energy Partners LP has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

NGL Energy Partners LP has Narrow Moat: NGL Energy Partners LP has a discernible moat through its distribution network and economies of scale in energy logistics. However, volatile market conditions and competition limit its moat to a narrow category.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes NGL Energy Partners LP might have Narrow Moat - Discernible but modest moat.

NGL Energy Partners LP  (NYSE:NGL) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

NGL Energy Partners LP Moat Score Related Terms

NGL vs GEL, TNK, FLNG: Moat Score Comparison

For the Oil & Gas Midstream subindustry, NGL Energy Partners LP's Moat Score, along with its competitors' market caps and Moat 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.

NGL Energy Partners LP Moat Score vs Oil & Gas Industry

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

* The bar in red indicates where NGL Energy Partners LP's Moat Score falls into.


NGL
41GF Score
NGL Energy Partners LP NGL
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 4 mean?
NGL Energy Partners LP (NGL) has a Moat Score of 4 as of Jul. 15, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, NGL Energy Partners LP ranks #133 out of 1038 companies in the Oil & Gas industry, placing it in the top 12.8%.
Is NGL Energy Partners LP's Moat Score too high?
NGL Energy Partners LP's current Moat Score is 4. The Oil & Gas industry median Moat Score is 1.00. NGL Energy Partners LP's value of 4 is 300% above this industry median. Based on the distribution chart, NGL Energy Partners LP ranks #133 out of 1038 companies in the Oil & Gas industry, which is in the top quartile — a strong position 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 Moat Score compare to GEL and TNK?
According to the Oil & Gas industry distribution chart, NGL Energy Partners LP ranks #133 out of 1038 companies for Moat Score. This places NGL Energy Partners LP in the top 13% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. NGL Energy Partners LP's value of 4 is 300% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for an Oil & Gas company?
The median Moat Score among Oil & Gas companies is 1.00, based on 1,038 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NGL Energy Partners LP's current Moat Score of 4 is 300% 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Oil & Gas industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NGL Energy Partners LP's current Moat Score is 4. 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 Moat Score is 4 and 300% above the Oil & Gas industry median of 1.00. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For NGL Energy Partners LP (NGL), the current Moat Score is 4 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 $15.30 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:

  • Moat Score: 4
  • GF Value™: $4.39 vs. price of $15.30 (248.5% above fair value)
  • GF Score™: 41/100 with 6 warning signs
  • Industry Position: 300% above the Oil & Gas median (#133 of 1038)

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

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

$15.30
Price
$4.39
GF Value