Oil & Gas Midstream
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5 / 10Stock Comparison
MMLP vs CAPL vs GEL vs NGL vs MPLX
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Refining & Marketing
Oil & Gas Midstream
Oil & Gas Midstream
Oil & Gas Midstream
MMLP vs CAPL vs GEL vs NGL vs MPLX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Refining & Marketing | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream |
| Market Cap | $100M | $812M | $2.02B | $2.00B | $57.12B |
| Revenue (TTM) | $711M | $4.62B | $1.68B | $3.03B | $12.54B |
| Net Income (TTM) | $-20M | $60M | $48M | $159M | $4.71B |
| Gross Margin | 22.3% | 8.5% | 16.8% | 46.8% | 60.0% |
| Operating Margin | 5.8% | 2.6% | 18.6% | 13.3% | 44.9% |
| Forward P/E | — | 49.5x | 20.9x | 47.4x | 12.7x |
| Total Debt | $525M | $908M | $3.05B | $3.08B | $26.16B |
| Cash & Equiv. | $49K | $3M | $6M | $6M | $2.14B |
MMLP vs CAPL vs GEL vs NGL vs MPLX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Martin Midstream Pa… (MMLP) | 100 | 102.8 | +2.8% |
| CrossAmerica Partne… (CAPL) | 100 | 141.1 | +41.1% |
| Genesis Energy, L.P. (GEL) | 100 | 205.4 | +105.4% |
| NGL Energy Partners… (NGL) | 100 | 316.3 | +216.3% |
| MPLX Lp (MPLX) | 100 | 296.3 | +196.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MMLP vs CAPL vs GEL vs NGL vs MPLX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
MMLP lags the leaders in this set but could rank higher in a more targeted comparison.
CAPL ranks third and is worth considering specifically for income & stability.
- Dividend streak 2 yrs, beta 0.06, yield 9.9%
- Beta 0.06 vs NGL's 0.67
Among these 5 stocks, GEL doesn't own a clear edge in any measured category.
NGL is the #2 pick in this set and the best alternative if dividends and momentum is your priority.
- 14.3% yield, 2-year raise streak, vs MPLX's 7.0%
- +417.0% vs MMLP's -14.5%
MPLX carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 8.4%, EPS growth 14.5%, 3Y rev CAGR 3.9%
- 184.4% 10Y total return vs NGL's 78.8%
- Lower volatility, beta 0.18, current ratio 1.23x
- Beta 0.18, yield 7.0%, current ratio 1.23x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 8.4% revenue growth vs GEL's -45.0% | |
| Value | Lower P/E (12.7x vs 47.4x) | |
| Quality / Margins | 37.5% margin vs MMLP's -2.8% | |
| Stability / Safety | Beta 0.06 vs NGL's 0.67 | |
| Dividends | 14.3% yield, 2-year raise streak, vs MPLX's 7.0% | |
| Momentum (1Y) | +417.0% vs MMLP's -14.5% | |
| Efficiency (ROA) | 11.3% ROA vs MMLP's -3.9%, ROIC 9.9% vs 8.0% |
MMLP vs CAPL vs GEL vs NGL vs MPLX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
MMLP vs CAPL vs GEL vs NGL vs MPLX — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
MPLX leads in 2 of 6 categories
MMLP leads 1 • NGL leads 1 • CAPL leads 0 • GEL leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
MPLX leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MPLX is the larger business by revenue, generating $12.5B annually — 17.6x MMLP's $711M. MPLX is the more profitable business, keeping 37.5% of every revenue dollar as net income compared to MMLP's -2.8%. On growth, GEL holds the edge at +12.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $711M | $4.6B | $1.7B | $3.0B | $12.5B |
| EBITDAEarnings before interest/tax | $91M | $200M | $550M | $672M | $7.0B |
| Net IncomeAfter-tax profit | -$20M | $60M | $48M | $159M | $4.7B |
| Free Cash FlowCash after capex | $15M | $75M | $209M | $291M | $5.0B |
| Gross MarginGross profit ÷ Revenue | +22.3% | +8.5% | +16.8% | +46.8% | +60.0% |
| Operating MarginEBIT ÷ Revenue | +5.8% | +2.6% | +18.6% | +13.3% | +44.9% |
| Net MarginNet income ÷ Revenue | -2.8% | +1.3% | +2.9% | +5.3% | +37.5% |
| FCF MarginFCF ÷ Revenue | +2.2% | +1.6% | +12.5% | +9.6% | +39.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -2.5% | -100.0% | +12.1% | -41.3% | +5.2% |
| EPS Growth (YoY)Latest quarter vs prior year | -5.6% | +2.4% | +103.9% | +4.2% | -17.3% |
Valuation Metrics
MMLP leads this category, winning 2 of 6 comparable metrics.
Valuation Metrics
At 11.7x trailing earnings, MPLX trades at a 40% valuation discount to CAPL's 19.5x P/E. On an enterprise value basis, CAPL's 5.8x EV/EBITDA is more attractive than MPLX's 13.3x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $100M | $812M | $2.0B | $2.0B | $57.1B |
| Enterprise ValueMkt cap + debt − cash | $625M | $1.7B | $5.1B | $5.1B | $81.1B |
| Trailing P/EPrice ÷ TTM EPS | -6.95x | 19.54x | -22.56x | -26.88x | 11.67x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 49.53x | 20.85x | 47.44x | 12.71x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 6.44x | 5.80x | 10.31x | 8.51x | 13.27x |
| Price / SalesMarket cap ÷ Revenue | 0.14x | 0.22x | 1.24x | 0.58x | 4.83x |
| Price / BookPrice ÷ Book value/share | — | — | 2.85x | 3.05x | 3.95x |
| Price / FCFMarket cap ÷ FCF | 7.17x | 14.57x | 22.83x | 38.67x | 13.93x |
Profitability & Efficiency
MPLX leads this category, winning 3 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 $6 for GEL. MPLX carries lower financial leverage with a 1.80x 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 MMLP's 3/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | — | — | +6.1% | +132.6% | +32.8% |
| ROA (TTM)Return on assets | -3.9% | +6.0% | +1.0% | +3.6% | +11.3% |
| ROICReturn on invested capital | +8.0% | +18.1% | +4.0% | +6.4% | +9.9% |
| ROCEReturn on capital employed | +11.4% | +23.4% | +5.0% | +8.3% | +12.9% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 5 | 4 | 7 | 6 |
| Debt / EquityFinancial leverage | — | — | 4.30x | 4.42x | 1.80x |
| Net DebtTotal debt minus cash | $525M | $905M | $3.0B | $3.1B | $24.0B |
| Cash & Equiv.Liquid assets | $49,000 | $3M | $6M | $6M | $2.1B |
| Total DebtShort + long-term debt | $525M | $908M | $3.0B | $3.1B | $26.2B |
| Interest CoverageEBIT ÷ Interest expense | 0.72x | 1.86x | 1.97x | 2.15x | 5.85x |
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 $72,658 today (with dividends reinvested), compared to $11,438 for MMLP. Over the past 12 months, NGL leads with a +417.0% total return vs MMLP's -14.5%. The 3-year compound annual growth rate (CAGR) favors NGL at 80.6% vs MMLP's 1.6% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -4.6% | +8.4% | +6.0% | +62.9% | +6.4% |
| 1-Year ReturnPast 12 months | -14.5% | +2.7% | +19.5% | +417.0% | +22.5% |
| 3-Year ReturnCumulative with dividends | +5.0% | +34.7% | +86.9% | +488.7% | +95.7% |
| 5-Year ReturnCumulative with dividends | +14.4% | +56.1% | +109.0% | +626.6% | +157.2% |
| 10-Year ReturnCumulative with dividends | -57.7% | +87.5% | -8.4% | +78.8% | +184.4% |
| CAGR (3Y)Annualised 3-year return | +1.6% | +10.4% | +23.2% | +80.6% | +25.1% |
Risk & Volatility
Evenly matched — CAPL and NGL each lead in 1 of 2 comparable metrics.
Risk & Volatility
CAPL is the less volatile stock with a 0.06 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 96.6% from its 52-week high vs MMLP's 72.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.39x | 0.06x | 0.32x | 0.67x | 0.18x |
| 52-Week HighHighest price in past year | $3.54 | $23.62 | $18.64 | $16.69 | $59.98 |
| 52-Week LowLowest price in past year | $2.21 | $19.61 | $13.21 | $2.98 | $47.80 |
| % of 52W HighCurrent price vs 52-week peak | +72.6% | +90.2% | +88.4% | +96.6% | +93.8% |
| RSI (14)Momentum oscillator 0–100 | 38.5 | 41.3 | 35.4 | 65.0 | 46.5 |
| Avg Volume (50D)Average daily shares traded | 19K | 50K | 246K | 238K | 1.8M |
Analyst Outlook
Evenly matched — GEL and NGL and MPLX each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: MMLP as "Buy", CAPL as "Hold", GEL as "Buy", NGL as "Hold", MPLX as "Buy". Consensus price targets imply 21.4% upside for GEL (target: $20) vs -87.6% for NGL (target: $2). For income investors, NGL offers the higher dividend yield at 14.34% vs MMLP's 0.80%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Buy | Hold | Buy |
| Price TargetConsensus 12-month target | — | — | $20.00 | $2.00 | $60.25 |
| # AnalystsCovering analysts | 11 | 15 | 16 | 17 | 28 |
| Dividend YieldAnnual dividend ÷ price | +0.8% | +9.9% | +4.0% | +14.3% | +7.0% |
| Dividend StreakConsecutive years of raises | 2 | 2 | 3 | 2 | 3 |
| Dividend / ShareAnnual DPS | $0.02 | $2.10 | $0.66 | $2.31 | $3.94 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | +13.0% | +0.1% | +0.7% |
MPLX leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MMLP leads in 1 (Valuation Metrics). 2 tied.
MMLP vs CAPL vs GEL vs NGL vs MPLX: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is MMLP or CAPL or GEL or NGL or MPLX a better buy right now?
For growth investors, MPLX Lp (MPLX) is the stronger pick with 8.
4% revenue growth year-over-year, versus -45. 0% for Genesis Energy, L. P. (GEL). MPLX Lp (MPLX) offers the better valuation at 11. 7x trailing P/E (12. 7x forward), making it the more compelling value choice. Analysts rate Martin Midstream Partners L. P. (MMLP) a "Buy" — based on 11 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 — MMLP or CAPL or GEL or NGL or MPLX?
On trailing P/E, MPLX Lp (MPLX) is the cheapest at 11.
7x versus CrossAmerica Partners LP at 19. 5x. On forward P/E, MPLX Lp is actually cheaper at 12. 7x.
03Which is the better long-term investment — MMLP or CAPL or GEL or NGL or MPLX?
Over the past 5 years, NGL Energy Partners LP (NGL) delivered a total return of +626.
6%, compared to +14. 4% for Martin Midstream Partners L. P. (MMLP). Over 10 years, the gap is even starker: MPLX returned +184. 4% versus MMLP's -57. 7%. 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 — MMLP or CAPL or GEL or NGL or MPLX?
By beta (market sensitivity over 5 years), CrossAmerica Partners LP (CAPL) is the lower-risk stock at 0.
06β versus NGL Energy Partners LP's 0. 67β — meaning NGL is approximately 1105% more volatile than CAPL relative to the S&P 500. On balance sheet safety, MPLX Lp (MPLX) carries a lower debt/equity ratio of 180% versus 4% for NGL Energy Partners LP — giving it more financial flexibility in a downturn.
05Which is growing faster — MMLP or CAPL or GEL or NGL or MPLX?
By revenue growth (latest reported year), MPLX Lp (MPLX) is pulling ahead at 8.
4% versus -45. 0% for Genesis Energy, L. P. (GEL). On earnings-per-share growth, the picture is similar: CrossAmerica Partners LP grew EPS 109. 6% year-over-year, compared to -184. 6% for Martin Midstream Partners L. P.. Over a 3-year CAGR, MPLX leads at 3. 9% 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 — MMLP or CAPL or GEL or NGL or MPLX?
MPLX Lp (MPLX) is the more profitable company, earning 41.
6% net margin versus -2. 0% for Martin Midstream Partners L. P. — meaning it keeps 41. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MPLX leads at 40. 3% versus 5. 6% for CAPL. At the gross margin level — before operating expenses — MPLX leads at 45. 2%, 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 MMLP or CAPL or GEL or NGL or MPLX more undervalued right now?
On forward earnings alone, MPLX Lp (MPLX) trades at 12.
7x forward P/E versus 49. 5x for CrossAmerica Partners LP — 36. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for GEL: 21. 4% to $20. 00.
08Which pays a better dividend — MMLP or CAPL or GEL or NGL or MPLX?
All stocks in this comparison pay dividends.
NGL Energy Partners LP (NGL) offers the highest yield at 14. 3%, versus 0. 8% for Martin Midstream Partners L. P. (MMLP).
09Is MMLP or CAPL or GEL or NGL or MPLX better for a retirement portfolio?
For long-horizon retirement investors, CrossAmerica Partners LP (CAPL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
06), 9. 9% yield). Both have compounded well over 10 years (CAPL: +87. 5%, NGL: +78. 8%), 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 MMLP and CAPL and GEL and NGL and MPLX?
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: MMLP is a small-cap quality compounder stock; CAPL is a small-cap income-oriented stock; GEL is a small-cap income-oriented stock; NGL is a small-cap income-oriented stock; MPLX is a mid-cap deep-value stock. 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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