GLP
Global Partners LP
Oil & Gas Midstream
Market Cap$1.62B
5Y Perf.+369.0%
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Stock Comparison
GLP vs NGL
Revenue, margins, valuation, and 5-year total return — side by side.
NGL
NGL Energy Partners LP
Oil & Gas Midstream
Market Cap$1.97B
5Y Perf.+212.0%
GLP vs NGL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | GLP | NGL |
|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Midstream |
| Market Cap | $1.62B | $1.97B |
| Revenue (TTM) | $18.56B | $3.03B |
| Net Income (TTM) | $82M | $159M |
| Gross Margin | 5.7% | 46.8% |
| Operating Margin | 1.3% | 13.3% |
| Forward P/E | 15.0x | 46.8x |
| Total Debt | $1.62B | $3.08B |
| Cash & Equiv. | $12M | $6M |
GLP vs NGL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
GLP
NGL
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Global Partners LP (GLP) | 100 | 469.0 | +369.0% |
| NGL Energy Partners… (NGL) | 100 | 312.0 | +212.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: GLP vs NGL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: NGL leads in 4 of 7 categories, making it the strongest pick for profitability and margin quality and dividend income and shareholder returns. Global Partners LP is the stronger pick specifically for growth and revenue expansion and valuation and capital efficiency. As sector peers, any of these can serve as alternatives in the same allocation.
GLP
Global Partners LP
The Income Pick
GLP is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.25
- Rev growth 8.1%, EPS growth -12.4%, 3Y rev CAGR -0.6%
- 432.8% 10Y total return vs NGL's 71.0%
Best for: income & stability and growth exposure
NGL
NGL Energy Partners LP
The Quality Compounder
NGL carries the broadest edge in this set and is the clearest fit for quality and dividends.
- 5.3% margin vs GLP's 0.4%
- 14.5% yield; 2-year raise streak; the other pay no meaningful dividend
- +426.8% vs GLP's +0.7%
Best for: quality and dividends
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | GLP | 8.1% revenue growth vs NGL's -16.5% |
| Value | GLP | Lower P/E (15.0x vs 46.8x) |
| Quality / Margins | NGL | 5.3% margin vs GLP's 0.4% |
| Stability / Safety | GLP | Beta 0.25 vs NGL's 0.67, lower leverage |
| Dividends | NGL | 14.5% yield; 2-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | NGL | +426.8% vs GLP's +0.7% |
| Efficiency (ROA) | NGL | 3.6% ROA vs GLP's 2.1%, ROIC 6.4% vs 7.0% |
GLP vs NGL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2025
GLP vs NGL — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLNGLLAGGINGGLP
GLPGlobal Partners LP
2leads
NGLNGL Energy Partners LP
3leads
6 Total Categories
CATEGORYLEADERvs GLPMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
NGL5/6
Valuation MetricsMultiples, price ratios, and targets
GLP4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
GLP6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
NGL5/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
NGL1/1
Income & Cash Flow (Last 12 Months)
NGL leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
GLP is the larger business by revenue, generating $18.6B annually — 6.1x NGL's $3.0B. Profitability is closely matched — net margins range from 5.3% (NGL) to 0.4% (GLP). On growth, GLP holds the edge at +11.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | GLPGlobal Partners LP | NGLNGL Energy Partne… |
|---|---|---|
| RevenueTrailing 12 months | $18.6B | $3.0B |
| EBITDAEarnings before interest/tax | $340M | $672M |
| Net IncomeAfter-tax profit | $82M | $159M |
| Free Cash FlowCash after capex | $238M | $291M |
| Gross MarginGross profit ÷ Revenue | +5.7% | +46.8% |
| Operating MarginEBIT ÷ Revenue | +1.3% | +13.3% |
| Net MarginNet income ÷ Revenue | +0.4% | +5.3% |
| FCF MarginFCF ÷ Revenue | +1.3% | +9.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +11.0% | -41.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +3.8% | +4.2% |
NGL leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
GLP leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, NGL's 8.5x EV/EBITDA is more attractive than GLP's 13.7x.
| Metric | GLPGlobal Partners LP | NGLNGL Energy Partne… |
|---|---|---|
| Market CapShares × price | $1.6B | $2.0B |
| Enterprise ValueMkt cap + debt − cash | $3.2B | $5.0B |
| Trailing P/EPrice ÷ TTM EPS | 22.67x | -26.52x |
| Forward P/EPrice ÷ next-FY EPS est. | 15.00x | 46.79x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 13.74x | 8.46x |
| Price / SalesMarket cap ÷ Revenue | 0.09x | 0.57x |
| Price / BookPrice ÷ Book value/share | 2.42x | 3.01x |
| Price / FCFMarket cap ÷ FCF | 5.68x | 38.14x |
GLP leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
GLP leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
NGL delivers a 132.6% return on equity — every $100 of shareholder capital generates $133 in annual profit, vs $12 for GLP. GLP carries lower financial leverage with a 2.40x debt-to-equity ratio, signaling a more conservative balance sheet compared to NGL's 4.42x. On the Piotroski fundamental quality scale (0–9), NGL scores 7/9 vs GLP's 6/9, reflecting strong financial health.
| Metric | GLPGlobal Partners LP | NGLNGL Energy Partne… |
|---|---|---|
| ROE (TTM)Return on equity | +12.1% | +132.6% |
| ROA (TTM)Return on assets | +2.1% | +3.6% |
| ROICReturn on invested capital | +7.0% | +6.4% |
| ROCEReturn on capital employed | +8.4% | +8.3% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 |
| Debt / EquityFinancial leverage | 2.40x | 4.42x |
| Net DebtTotal debt minus cash | $1.6B | $3.1B |
| Cash & Equiv.Liquid assets | $12M | $6M |
| Total DebtShort + long-term debt | $1.6B | $3.1B |
| Interest CoverageEBIT ÷ Interest expense | 2.51x | 2.15x |
GLP leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
NGL leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NGL five years ago would be worth $75,047 today (with dividends reinvested), compared to $23,268 for GLP. Over the past 12 months, NGL leads with a +426.8% total return vs GLP's +0.7%. The 3-year compound annual growth rate (CAGR) favors NGL at 79.7% vs GLP's 23.1% — a key indicator of consistent wealth creation.
| Metric | GLPGlobal Partners LP | NGLNGL Energy Partne… |
|---|---|---|
| YTD ReturnYear-to-date | +15.0% | +60.7% |
| 1-Year ReturnPast 12 months | +0.7% | +426.8% |
| 3-Year ReturnCumulative with dividends | +86.7% | +480.7% |
| 5-Year ReturnCumulative with dividends | +132.7% | +650.5% |
| 10-Year ReturnCumulative with dividends | +432.8% | +71.0% |
| CAGR (3Y)Annualised 3-year return | +23.1% | +79.7% |
NGL leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
Evenly matched — GLP and NGL each lead in 1 of 2 comparable metrics.
Risk & Volatility
GLP is the less volatile stock with a 0.25 beta — it tends to amplify market swings less than NGL's 0.67 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NGL currently trades 95.3% from its 52-week high vs GLP's 84.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | GLPGlobal Partners LP | NGLNGL Energy Partne… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.25x | 0.67x |
| 52-Week HighHighest price in past year | $56.51 | $16.69 |
| 52-Week LowLowest price in past year | $39.58 | $2.98 |
| % of 52W HighCurrent price vs 52-week peak | +84.7% | +95.3% |
| RSI (14)Momentum oscillator 0–100 | 60.4 | 71.2 |
| Avg Volume (50D)Average daily shares traded | 42K | 239K |
Evenly matched — GLP and NGL each lead in 1 of 2 comparable metrics.
Analyst Outlook
NGL leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates GLP as "Sell" and NGL as "Hold". Consensus price targets imply -3.8% upside for GLP (target: $46) vs -87.4% for NGL (target: $2). NGL is the only dividend payer here at 14.54% yield — a key consideration for income-focused portfolios.
| Metric | GLPGlobal Partners LP | NGLNGL Energy Partne… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Sell | Hold |
| Price TargetConsensus 12-month target | $46.00 | $2.00 |
| # AnalystsCovering analysts | 9 | 17 |
| Dividend YieldAnnual dividend ÷ price | — | +14.5% |
| Dividend StreakConsecutive years of raises | 0 | 2 |
| Dividend / ShareAnnual DPS | — | $2.31 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.1% |
NGL leads this category, winning 1 of 1 comparable metric.
Key Takeaway
NGL leads in 3 of 6 categories (Income & Cash Flow, Total Returns). GLP leads in 2 (Valuation Metrics, Profitability & Efficiency). 1 tied.
Best OverallNGL Energy Partners LP (NGL)Leads 3 of 6 categories
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GLP vs NGL: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is GLP or NGL a better buy right now?
For growth investors, Global Partners LP (GLP) is the stronger pick with 8.
1% revenue growth year-over-year, versus -16. 5% for NGL Energy Partners LP (NGL). Global Partners LP (GLP) offers the better valuation at 22. 7x trailing P/E (15. 0x forward), making it the more compelling value choice. Analysts rate NGL Energy Partners LP (NGL) a "Hold" — based on 17 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — GLP or NGL?
On forward P/E, Global Partners LP is actually cheaper at 15.
0x.
03Which is the better long-term investment — GLP or NGL?
Over the past 5 years, NGL Energy Partners LP (NGL) delivered a total return of +650.
5%, compared to +132. 7% for Global Partners LP (GLP). Over 10 years, the gap is even starker: GLP returned +432. 8% versus NGL's +71. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — GLP or NGL?
By beta (market sensitivity over 5 years), Global Partners LP (GLP) is the lower-risk stock at 0.
25β versus NGL Energy Partners LP's 0. 67β — meaning NGL is approximately 168% more volatile than GLP relative to the S&P 500. On balance sheet safety, Global Partners LP (GLP) carries a lower debt/equity ratio of 2% versus 4% for NGL Energy Partners LP — giving it more financial flexibility in a downturn.
05Which is growing faster — GLP or NGL?
By revenue growth (latest reported year), Global Partners LP (GLP) is pulling ahead at 8.
1% versus -16. 5% for NGL Energy Partners LP (NGL). On earnings-per-share growth, the picture is similar: NGL Energy Partners LP grew EPS 72. 0% year-over-year, compared to -12. 4% for Global Partners LP. Over a 3-year CAGR, GLP leads at -0. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — GLP or NGL?
NGL Energy Partners LP (NGL) is the more profitable company, earning 1.
1% net margin versus 0. 4% for Global Partners LP — meaning it keeps 1. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NGL leads at 9. 5% versus 1. 3% for GLP. At the gross margin level — before operating expenses — NGL leads at 20. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is GLP or NGL more undervalued right now?
On forward earnings alone, Global Partners LP (GLP) trades at 15.
0x forward P/E versus 46. 8x for NGL Energy Partners LP — 31. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for GLP: -3. 8% to $46. 00.
08Which pays a better dividend — GLP or NGL?
In this comparison, NGL (14.
5% yield) pays a dividend. GLP does not pay a meaningful dividend and should not be held primarily for income.
09Is GLP or NGL better for a retirement portfolio?
For long-horizon retirement investors, Global Partners LP (GLP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
25), +432. 8% 10Y return). Both have compounded well over 10 years (GLP: +432. 8%, NGL: +71. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between GLP and NGL?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: GLP is a small-cap quality compounder stock; NGL is a small-cap income-oriented stock. NGL pays a dividend while GLP does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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