NGL Operating Income vs Net Income Analysis

NGL Stock

USD 4.65 0.02 0.43%

NGL Energy financial indicator trend analysis is infinitely more than just investigating NGL Energy Partners recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NGL Energy Partners is a good investment. Please check the relationship between NGL Energy Operating Income and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NGL Energy Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NGL Energy Partners Operating Income account and Net Income. At this time, the significance of the direction appears to have very week relationship.

The correlation between NGL Energy's Operating Income and Net Income is 0.22. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income in the same time period over historical financial statements of NGL Energy Partners, assuming nothing else is changed. The correlation between historical values of NGL Energy's Operating Income and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of NGL Energy Partners are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Operating Income i.e., NGL Energy's Operating Income and Net Income go up and down completely randomly.

Correlation Coefficient

0.22

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Operating Income

Operating Income is the amount of profit realized from NGL Energy Partners operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of NGL Energy Partners is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in NGL Energy Partners financial statement analysis. It represents the amount of money remaining after all of NGL Energy Partners operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from NGL Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NGL Energy Partners current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NGL Energy Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

At this time, NGL Energy's Tax Provision is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 0.02 this year, although the value of Discontinued Operations is projected to rise to (1.5 M).

	2021	2022	2023	2024 (projected)
Interest Expense	254.7M	258.7M	269.9M	139.2M
Depreciation And Amortization	289.0M	273.9M	266.5M	279.8M

Interest Expense Depreciation And Amortization

NGL Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.94	0.73	0.87	0.21	0.73	0.84	0.25	0.94	-0.63	0.78	0.16	0.98	0.51	0.95	0.16	0.81	0.83	0.91	0.94	0.53	0.67	-0.23	0.97	0.56	0.79
Short Long Term Debt Total	0.94		0.53	0.78	0.11	0.77	0.94	0.16	1.0	-0.59	0.7	0.1	0.96	0.33	1.0	0.1	0.71	0.65	0.95	1.0	0.39	0.74	-0.16	0.99	0.45	0.62
Other Current Liab	0.73	0.53		0.63	0.14	0.56	0.44	0.21	0.53	-0.61	0.48	0.41	0.66	0.82	0.55	0.41	0.54	0.78	0.63	0.55	0.45	0.39	-0.27	0.59	0.48	0.72
Total Current Liabilities	0.87	0.78	0.63		0.13	0.44	0.69	0.04	0.78	-0.56	0.98	0.04	0.78	0.46	0.79	0.04	0.98	0.69	0.82	0.77	0.44	0.65	-0.27	0.86	0.58	0.9
Total Stockholder Equity	0.21	0.11	0.14	0.13		0.3	-0.14	0.89	0.11	0.37	0.1	0.34	0.2	0.01	0.13	0.34	0.19	0.55	-0.07	0.12	0.57	0.11	0.29	0.12	0.3	0.18
Other Liab	0.73	0.77	0.56	0.44	0.3		0.59	0.42	0.77	-0.4	0.32	0.28	0.74	0.53	0.78	0.28	0.39	0.68	0.71	0.8	0.62	0.54	-0.3	0.75	0.34	0.51
Property Plant And Equipment Net	0.84	0.94	0.44	0.69	-0.14	0.59		-0.06	0.94	-0.67	0.61	0.0	0.9	0.22	0.92	0.0	0.59	0.42	0.93	0.93	0.08	0.64	-0.06	0.91	0.37	0.44
Current Deferred Revenue	0.25	0.16	0.21	0.04	0.89	0.42	-0.06		0.16	0.41	-0.03	0.36	0.28	0.04	0.18	0.36	0.05	0.59	-0.05	0.17	0.51	0.03	0.29	0.15	0.39	0.08
Net Debt	0.94	1.0	0.53	0.78	0.11	0.77	0.94	0.16		-0.59	0.7	0.09	0.96	0.32	1.0	0.09	0.71	0.64	0.95	1.0	0.39	0.74	-0.16	0.99	0.45	0.62
Retained Earnings	-0.63	-0.59	-0.61	-0.56	0.37	-0.4	-0.67	0.41	-0.59		-0.47	0.12	-0.61	-0.65	-0.59	0.12	-0.46	-0.37	-0.74	-0.59	-0.18	-0.36	0.41	-0.61	-0.24	-0.54
Accounts Payable	0.78	0.7	0.48	0.98	0.1	0.32	0.61	-0.03	0.7	-0.47		-0.05	0.68	0.34	0.71	-0.05	0.99	0.59	0.74	0.68	0.41	0.62	-0.28	0.79	0.52	0.87
Cash	0.16	0.1	0.41	0.04	0.34	0.28	0.0	0.36	0.09	0.12	-0.05		0.16	0.13	0.11	1.0	0.02	0.26	0.07	0.1	0.17	0.48	0.24	0.09	-0.14	0.13
Non Current Assets Total	0.98	0.96	0.66	0.78	0.2	0.74	0.9	0.28	0.96	-0.61	0.68	0.16		0.41	0.96	0.16	0.7	0.77	0.9	0.96	0.43	0.65	-0.11	0.96	0.52	0.64
Non Currrent Assets Other	0.51	0.33	0.82	0.46	0.01	0.53	0.22	0.04	0.32	-0.65	0.34	0.13	0.41		0.35	0.13	0.39	0.62	0.47	0.35	0.5	0.16	-0.41	0.39	0.29	0.66
Long Term Debt	0.95	1.0	0.55	0.79	0.13	0.78	0.92	0.18	1.0	-0.59	0.71	0.11	0.96	0.35		0.11	0.72	0.67	0.95	1.0	0.42	0.74	-0.18	0.99	0.46	0.64
Cash And Short Term Investments	0.16	0.1	0.41	0.04	0.34	0.28	0.0	0.36	0.09	0.12	-0.05	1.0	0.16	0.13	0.11		0.02	0.26	0.07	0.1	0.17	0.48	0.24	0.09	-0.14	0.13
Net Receivables	0.81	0.71	0.54	0.98	0.19	0.39	0.59	0.05	0.71	-0.46	0.99	0.02	0.7	0.39	0.72	0.02		0.66	0.75	0.7	0.49	0.63	-0.31	0.8	0.54	0.91
Good Will	0.83	0.65	0.78	0.69	0.55	0.68	0.42	0.59	0.64	-0.37	0.59	0.26	0.77	0.62	0.67	0.26	0.66		0.57	0.66	0.79	0.43	-0.23	0.69	0.59	0.76
Common Stock Shares Outstanding	0.91	0.95	0.63	0.82	-0.07	0.71	0.93	-0.05	0.95	-0.74	0.74	0.07	0.9	0.47	0.95	0.07	0.75	0.57		0.95	0.28	0.72	-0.26	0.96	0.44	0.68
Non Current Liabilities Total	0.94	1.0	0.55	0.77	0.12	0.8	0.93	0.17	1.0	-0.59	0.68	0.1	0.96	0.35	1.0	0.1	0.7	0.66	0.95		0.41	0.74	-0.18	0.99	0.45	0.62
Inventory	0.53	0.39	0.45	0.44	0.57	0.62	0.08	0.51	0.39	-0.18	0.41	0.17	0.43	0.5	0.42	0.17	0.49	0.79	0.28	0.41		0.34	-0.43	0.44	0.41	0.7
Other Current Assets	0.67	0.74	0.39	0.65	0.11	0.54	0.64	0.03	0.74	-0.36	0.62	0.48	0.65	0.16	0.74	0.48	0.63	0.43	0.72	0.74	0.34		0.0	0.75	0.22	0.56
Other Stockholder Equity	-0.23	-0.16	-0.27	-0.27	0.29	-0.3	-0.06	0.29	-0.16	0.41	-0.28	0.24	-0.11	-0.41	-0.18	0.24	-0.31	-0.23	-0.26	-0.18	-0.43	0.0		-0.21	-0.14	-0.51
Total Liab	0.97	0.99	0.59	0.86	0.12	0.75	0.91	0.15	0.99	-0.61	0.79	0.09	0.96	0.39	0.99	0.09	0.8	0.69	0.96	0.99	0.44	0.75	-0.21		0.5	0.72
Property Plant And Equipment Gross	0.56	0.45	0.48	0.58	0.3	0.34	0.37	0.39	0.45	-0.24	0.52	-0.14	0.52	0.29	0.46	-0.14	0.54	0.59	0.44	0.45	0.41	0.22	-0.14	0.5		0.53
Total Current Assets	0.79	0.62	0.72	0.9	0.18	0.51	0.44	0.08	0.62	-0.54	0.87	0.13	0.64	0.66	0.64	0.13	0.91	0.76	0.68	0.62	0.7	0.56	-0.51	0.72	0.53

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NGL Energy Account Relationship Matchups

NGL Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.5B	5.9B	6.1B	5.5B	5.0B	4.6B
Short Long Term Debt Total	3.3B	3.5B	3.5B	3.0B	3.0B	2.2B
Other Current Liab	232.1M	112.4M	89.0M	87.7M	196.4M	151.7M
Total Current Liabilities	845.8M	910.8M	1.3B	1.1B	977.3M	838.9M
Total Stockholder Equity	(385K)	(266K)	(308K)	767.4M	1.0B	562.4M
Other Liab	114.1M	114.6M	104.3M	111.1M	127.8M	91.0M
Property Plant And Equipment Net	3.0B	2.9B	2.6B	2.3B	2.2B	1.6B
Current Deferred Revenue	19.5M	11.2M	7.9M	14.7M	17.3M	16.2M
Net Debt	3.3B	3.5B	3.5B	2.9B	2.9B	2.2B
Retained Earnings	(2.3B)	(1.5B)	(1.3B)	(1.4B)	(1.0B)	(1.1B)
Accounts Payable	532.8M	680.0M	1.1B	927.7M	707.6M	631.9M
Cash	22.7M	4.8M	3.8M	5.4M	38.9M	40.9M
Non Current Assets Total	5.7B	4.9B	4.5B	4.2B	3.8B	3.5B
Non Currrent Assets Other	57.8M	47.8M	45.8M	58.0M	52.7M	99.2M
Long Term Debt	3.1B	3.3B	3.4B	2.9B	2.8B	2.2B
Cash And Short Term Investments	22.7M	4.8M	3.8M	5.4M	38.9M	40.9M
Net Receivables	579.8M	735.4M	1.1B	1.0B	815.6M	716.7M
Good Will	1.1B	993.6M	744.4M	712.4M	634.3M	835.6M
Common Stock Shares Outstanding	127.4M	129.0M	129.8M	131.0M	132.1M	93.3M
Liabilities And Stockholders Equity	4.3B	4.5B	4.8B	4.2B	4.0B	3.7B
Non Current Liabilities Total	3.4B	3.5B	3.5B	3.0B	3.0B	2.3B
Inventory	69.6M	158.5M	251.3M	142.6M	130.9M	232.2M
Other Current Assets	102.0M	109.2M	159.5M	98.1M	193.5M	203.2M
Other Stockholder Equity	385K	266K	308K	(587.1M)	448.6M	471.0M
Total Liab	4.2B	4.4B	4.8B	4.1B	4.0B	3.1B
Total Current Assets	774.1M	1.0B	1.5B	1.3B	1.2B	1.1B
Accumulated Other Comprehensive Income	(385K)	(266K)	(308K)	(450K)	(499K)	(524.0K)
Short Term Debt	61.5M	96.3M	84.9M	68.3M	38.1M	29.6M
Intangible Assets	1.6B	1.3B	1.1B	1.1B	940.0M	869.7M
Common Stock	1.4B	582.8M	401.5M	455.6M	134.8M	128.1M
Property Plant Equipment	2.9B	2.7B	2.5B	2.3B	2.7B	1.5B
Other Assets	72.2M	59.9M	62.9M	49.4M	(10.0)	(9.5)
Deferred Long Term Liab	9.1M	9.2M	17.1M	15.7M	18.0M	12.6M
Net Tangible Assets	(285.0M)	(473.6M)	(558.9M)	(1.3B)	(1.2B)	(1.1B)
Long Term Debt Total	3.1B	3.3B	3.4B	2.9B	3.3B	2.9B
Non Current Liabilities Other	114.1M	114.6M	104.3M	111.2M	129.2M	116.4M
Long Term Investments	23.2M	22.7M	21.9M	21.1M	20.3M	19.3M

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When determining whether NGL Energy Partners is a strong investment it is important to analyze NGL Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NGL Energy's future performance. For an informed investment choice regarding NGL Stock, refer to the following important reports:

How To Invest In NGL

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Is NGL Stock a good investment?

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What is NGL Energy's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NGL Energy Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NGL Energy. If investors know NGL will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NGL Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.60)

Earnings Share

(2.34)

Revenue Per Share

50.855

Quarterly Revenue Growth

(0.14)

Return On Assets

0.0357

The market value of NGL Energy Partners is measured differently than its book value, which is the value of NGL that is recorded on the company's balance sheet. Investors also form their own opinion of NGL Energy's value that differs from its market value or its book value, called intrinsic value, which is NGL Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NGL Energy's market value can be influenced by many factors that don't directly affect NGL Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between NGL Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if NGL Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NGL Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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NGL Operating Income vs Net Income Analysis

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

Correlation Coefficient

Operating Income

Net Income

NGL Energy fundamental ratios Correlations

NGL Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NGL Energy fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Net Debt
Non Current Liabilities Total	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash

Common Stock Shares Outstanding	- 0.74	Retained Earnings
Retained Earnings	- 0.67	Property Plant And Equipment Net
Non Currrent Assets Other	- 0.65	Retained Earnings
Retained Earnings	- 0.63	Total Assets
Total Liab	- 0.61	Retained Earnings
Non Current Assets Total	- 0.61	Retained Earnings