NGL Energy Partners LP vs Western Midstream Partners, LP
NGL and WES side by side, both in gas production and distribution. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How NGL and WES compare
Western Midstream Partners, LP is the larger company, worth 9.4 times as much as NGL Energy Partners LP ($19.2B against $2.0B).
Western Midstream Partners, LP grew revenue faster over the last twelve months (18.0% versus 5.8% for NGL Energy Partners LP).
Western Midstream Partners, LP keeps more of each dollar of sales as profit, with a net margin of 29.6% compared with −3.8% at NGL Energy Partners LP.
Western Midstream Partners, LP pays a dividend yielding 7.9%; NGL Energy Partners LP does not pay one.
Western Midstream Partners, LP scores higher on the StockData Score (8 against 3 for NGL Energy Partners LP), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | NGL | WES |
|---|---|---|
| Size and price | ||
| Market cap | $2.0B | $19.2B |
| Share price | $16.42 | $46.39 |
| Change, 1 year | 157% | 21.2% |
| Change, 5 years | 617% | 115% |
| Beta (5Y) | 0.60 | 0.59 |
| Employees | 449 | 1,704 |
| StockData Score | ||
| Total score | 3 | 8 (better) |
| Valuation score | 1 | 1 |
| Growth score | 1 | 1 |
| Performance score | 0 | 2 (better) |
| Health score | 1 | 1 |
| Dividend score | 0 | 3 (better) |
| Valuation | ||
| P/S | 0.6× (better) | 4.4× |
| EV/EBITDA | 13.2× | 11.2× (better) |
| P/FCF | 20.1× | – |
| FCF yield | 5.0% | – |
| Fair value | $14.40 | $57.21 |
| Margin of safety | −14.0% | 18.9% (better) |
| Growth | ||
| Revenue growth (TTM) | 5.8% | 18.0% (better) |
| Revenue growth, 5Y average | −9.6% | 6.7% (better) |
| Net income growth (TTM) | −234% | 0.89% (better) |
| Profitability | ||
| Gross margin | 29.5% | 92.1% (better) |
| Operating margin | 4.0% | 40.2% (better) |
| Net margin | −3.8% | 29.6% (better) |
| FCF margin | 2.9% | – |
| Financial health | ||
| Net debt / EBITDA | 8.14 | 3.55 (better) |
| Interest coverage | 0.6× | 4.1× (better) |
| Current ratio | 1.14 (better) | 0.91 |
| Altman Z-score | – | 1.57 |
| Piotroski F-score | 3 | 5 (better) |
| Dividends and buybacks | ||
| Dividend yield | – | 7.9% |
| Payout ratio | – | 116% |
| Buyback yield | 1.9% | – |
| Shareholder yield | 1.9% | 7.9% (better) |
| Ownership | ||
| Held by institutions | 60.4% | 43.1% |
| Held by insiders | 4.8% | 36.6% |
| Insider net buying, 12 months | $650K (better) | $51.2K |
| Short interest, % of float | 2.8% | 2.3% |
Go deeper
- NGL stock overview
- NGL income statement
- NGL valuation and score
- WES stock overview
- WES income statement
- WES valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.