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NGL Energy Partners LP (NYSE:NGL) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
NGL Energy Partners LP Pretax Margin % Related Terms
NGL Energy Partners LP Pretax Margin % Historical Data
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The historical data trend for NGL Energy Partners LP's Pretax 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.
For the Oil & Gas Midstream subindustry, NGL Energy Partners LP's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NGL Energy Partners LP's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where NGL Energy Partners LP's Pretax Margin % falls into.
* 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 Pretax Margin % of 8.06% as of Jun. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on NGL Energy Partners LP and its competitors. According to the industry distribution chart, NGL Energy Partners LP ranks #691 out of 925 companies in the Oil & Gas industry, placing it in the top 74.7%.
Is NGL Energy Partners LP's Pretax Margin % too high?
NGL Energy Partners LP's current Pretax Margin % is 8.06%. The Oil & Gas industry median Pretax Margin % is 6.18. NGL Energy Partners LP's value of 8.06% is 30.4% above this industry median. Based on the distribution chart, NGL Energy Partners LP ranks #691 out of 925 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, NGL Energy Partners LP has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NGL Energy Partners LP's Pretax Margin % compare to LPG and GEL?
According to the Oil & Gas industry distribution chart, NGL Energy Partners LP ranks #691 out of 925 companies for Pretax Margin %. This places NGL Energy Partners LP in the lower half of its industry. The industry median Pretax Margin % is 6.18. NGL Energy Partners LP's value of 8.06% is 30.4% 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 Pretax Margin % for an Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 6.18, based on 925 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NGL Energy Partners LP's current Pretax Margin % of 8.06% is 30.4% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on NGL Energy Partners LP and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 6.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NGL Energy Partners LP's current Pretax Margin % is 8.06%. 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 $5.59, compared to a current price of $18.02 — trading 222.4% above its estimated fair value. The current Pretax Margin % is 8.06% and 30.4% above the Oil & Gas industry median of 6.18. NGL Energy Partners LP's overall GF Score™ is 52/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For NGL Energy Partners LP (NGL), the current Pretax Margin % is 8.06% as of Jun. 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 $18.02 is trading 222.4% above its estimated GF Value™ of $5.59.
GuruFocus considers NGL Energy Partners LP to be Significantly Overvalued.
Key valuation signals for NGL:
Pretax Margin %: 8.06%
GF Value™: $5.59 vs. price of $18.02 (222.4% above fair value)
Industry Position: 30.4% above the Oil & Gas median (#691 of 925)
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.
52GF Score
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