Oil & Gas Midstream
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5 / 10Stock Comparison
NGL vs CAPL vs GEL vs MMLP vs EPD
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Refining & Marketing
Oil & Gas Midstream
Oil & Gas Midstream
Oil & Gas Midstream
NGL vs CAPL vs GEL vs MMLP vs EPD — 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 | $2.00B | $812M | $2.02B | $100M | $81.56B |
| Revenue (TTM) | $3.03B | $4.62B | $1.68B | $711M | $52.60B |
| Net Income (TTM) | $159M | $60M | $48M | $-20M | $5.80B |
| Gross Margin | 46.8% | 8.5% | 16.8% | 22.3% | 13.6% |
| Operating Margin | 13.3% | 2.6% | 18.6% | 5.8% | 13.5% |
| Forward P/E | 47.4x | 49.5x | 20.9x | — | 13.1x |
| Total Debt | $3.08B | $908M | $3.05B | $525M | $34.93B |
| Cash & Equiv. | $6M | $3M | $6M | $49K | $1.25B |
NGL vs CAPL vs GEL vs MMLP vs EPD — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| NGL Energy Partners… (NGL) | 100 | 316.3 | +216.3% |
| CrossAmerica Partne… (CAPL) | 100 | 141.1 | +41.1% |
| Genesis Energy, L.P. (GEL) | 100 | 205.4 | +105.4% |
| Martin Midstream Pa… (MMLP) | 100 | 102.8 | +2.8% |
| Enterprise Products… (EPD) | 100 | 197.5 | +97.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NGL vs CAPL vs GEL vs MMLP vs EPD
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NGL is the #2 pick in this set and the best alternative if defensive is your priority.
- Beta 0.67, yield 14.3%, current ratio 1.30x
- 14.3% yield, 2-year raise streak, vs EPD's 5.7%
- +417.0% vs MMLP's -14.5%
CAPL ranks third and is worth considering specifically for growth exposure.
- Rev growth -10.6%, EPS growth 109.6%, 3Y rev CAGR -9.7%
- Beta 0.06 vs NGL's 0.67
Among these 5 stocks, GEL doesn't own a clear edge in any measured category.
MMLP is the clearest fit if your priority is growth.
- 1.2% revenue growth vs GEL's -45.0%
EPD carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 15 yrs, beta 0.06, yield 5.7%
- 119.8% 10Y total return vs NGL's 78.8%
- Lower volatility, beta 0.06, current ratio 1.04x
- Lower P/E (13.1x vs 20.9x)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 1.2% revenue growth vs GEL's -45.0% | |
| Value | Lower P/E (13.1x vs 20.9x) | |
| Quality / Margins | 11.0% 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 EPD's 5.7% | |
| Momentum (1Y) | +417.0% vs MMLP's -14.5% | |
| Efficiency (ROA) | 7.5% ROA vs MMLP's -3.9%, ROIC 8.3% vs 8.0% |
NGL vs CAPL vs GEL vs MMLP vs EPD — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
NGL vs CAPL vs GEL vs MMLP vs EPD — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
GEL leads in 1 of 6 categories
EPD leads 1 • NGL leads 1 • CAPL leads 0 • MMLP leads 0 • 3 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
GEL leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
EPD is the larger business by revenue, generating $52.6B annually — 73.9x MMLP's $711M. EPD is the more profitable business, keeping 11.0% 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 | $3.0B | $4.6B | $1.7B | $711M | $52.6B |
| EBITDAEarnings before interest/tax | $672M | $200M | $550M | $91M | $9.7B |
| Net IncomeAfter-tax profit | $159M | $60M | $48M | -$20M | $5.8B |
| Free Cash FlowCash after capex | $291M | $75M | $209M | $15M | $3.0B |
| Gross MarginGross profit ÷ Revenue | +46.8% | +8.5% | +16.8% | +22.3% | +13.6% |
| Operating MarginEBIT ÷ Revenue | +13.3% | +2.6% | +18.6% | +5.8% | +13.5% |
| Net MarginNet income ÷ Revenue | +5.3% | +1.3% | +2.9% | -2.8% | +11.0% |
| FCF MarginFCF ÷ Revenue | +9.6% | +1.6% | +12.5% | +2.2% | +5.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | -41.3% | -100.0% | +12.1% | -2.5% | -2.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +4.2% | +2.4% | +103.9% | -5.6% | +2.7% |
Valuation Metrics
Evenly matched — MMLP and EPD each lead in 2 of 6 comparable metrics.
Valuation Metrics
At 14.2x trailing earnings, EPD trades at a 27% valuation discount to CAPL's 19.5x P/E. On an enterprise value basis, CAPL's 5.8x EV/EBITDA is more attractive than EPD's 12.1x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $2.0B | $812M | $2.0B | $100M | $81.6B |
| Enterprise ValueMkt cap + debt − cash | $5.1B | $1.7B | $5.1B | $625M | $115.2B |
| Trailing P/EPrice ÷ TTM EPS | -26.88x | 19.54x | -22.56x | -6.95x | 14.18x |
| Forward P/EPrice ÷ next-FY EPS est. | 47.44x | 49.53x | 20.85x | — | 13.14x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | 1.54x |
| EV / EBITDAEnterprise value multiple | 8.51x | 5.80x | 10.31x | 6.44x | 12.10x |
| Price / SalesMarket cap ÷ Revenue | 0.58x | 0.22x | 1.24x | 0.14x | 1.55x |
| Price / BookPrice ÷ Book value/share | 3.05x | — | 2.85x | — | 2.70x |
| Price / FCFMarket cap ÷ FCF | 38.67x | 14.57x | 22.83x | 7.17x | 27.51x |
Profitability & Efficiency
EPD 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. EPD carries lower financial leverage with a 1.14x 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 | +132.6% | — | +6.1% | — | +19.3% |
| ROA (TTM)Return on assets | +3.6% | +6.0% | +1.0% | -3.9% | +7.5% |
| ROICReturn on invested capital | +6.4% | +18.1% | +4.0% | +8.0% | +8.3% |
| ROCEReturn on capital employed | +8.3% | +23.4% | +5.0% | +11.4% | +10.9% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 | 4 | 3 | 6 |
| Debt / EquityFinancial leverage | 4.42x | — | 4.30x | — | 1.14x |
| Net DebtTotal debt minus cash | $3.1B | $905M | $3.0B | $525M | $33.7B |
| Cash & Equiv.Liquid assets | $6M | $3M | $6M | $49,000 | $1.2B |
| Total DebtShort + long-term debt | $3.1B | $908M | $3.0B | $525M | $34.9B |
| Interest CoverageEBIT ÷ Interest expense | 2.15x | 1.86x | 1.97x | 0.72x | 5.21x |
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 | +62.9% | +8.4% | +6.0% | -4.6% | +20.7% |
| 1-Year ReturnPast 12 months | +417.0% | +2.7% | +19.5% | -14.5% | +31.7% |
| 3-Year ReturnCumulative with dividends | +488.7% | +34.7% | +86.9% | +5.0% | +73.8% |
| 5-Year ReturnCumulative with dividends | +626.6% | +56.1% | +109.0% | +14.4% | +105.7% |
| 10-Year ReturnCumulative with dividends | +78.8% | +87.5% | -8.4% | -57.7% | +119.8% |
| CAGR (3Y)Annualised 3-year return | +80.6% | +10.4% | +23.2% | +1.6% | +20.2% |
Risk & Volatility
Evenly matched — NGL and CAPL 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 | 0.67x | 0.06x | 0.32x | 0.39x | 0.06x |
| 52-Week HighHighest price in past year | $16.69 | $23.62 | $18.64 | $3.54 | $39.73 |
| 52-Week LowLowest price in past year | $2.98 | $19.61 | $13.21 | $2.21 | $29.90 |
| % of 52W HighCurrent price vs 52-week peak | +96.6% | +90.2% | +88.4% | +72.6% | +95.0% |
| RSI (14)Momentum oscillator 0–100 | 65.0 | 41.3 | 35.4 | 38.5 | 47.0 |
| Avg Volume (50D)Average daily shares traded | 238K | 50K | 246K | 19K | 4.1M |
Analyst Outlook
Evenly matched — NGL and EPD each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: NGL as "Hold", CAPL as "Hold", GEL as "Buy", MMLP as "Buy", EPD 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 | Hold | Hold | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $2.00 | — | $20.00 | — | $37.00 |
| # AnalystsCovering analysts | 17 | 15 | 16 | 11 | 45 |
| Dividend YieldAnnual dividend ÷ price | +14.3% | +9.9% | +4.0% | +0.8% | +5.7% |
| Dividend StreakConsecutive years of raises | 2 | 2 | 3 | 2 | 15 |
| Dividend / ShareAnnual DPS | $2.31 | $2.10 | $0.66 | $0.02 | $2.14 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | 0.0% | +13.0% | 0.0% | +0.4% |
GEL leads in 1 of 6 categories (Income & Cash Flow). EPD leads in 1 (Profitability & Efficiency). 3 tied.
NGL vs CAPL vs GEL vs MMLP vs EPD: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is NGL or CAPL or GEL or MMLP or EPD a better buy right now?
For growth investors, Martin Midstream Partners L.
P. (MMLP) is the stronger pick with 1. 2% revenue growth year-over-year, versus -45. 0% for Genesis Energy, L. P. (GEL). Enterprise Products Partners L. P. (EPD) offers the better valuation at 14. 2x trailing P/E (13. 1x forward), making it the more compelling value choice. Analysts rate Genesis Energy, L. P. (GEL) a "Buy" — based on 16 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 — NGL or CAPL or GEL or MMLP or EPD?
On trailing P/E, Enterprise Products Partners L.
P. (EPD) is the cheapest at 14. 2x versus CrossAmerica Partners LP at 19. 5x. On forward P/E, Enterprise Products Partners L. P. is actually cheaper at 13. 1x.
03Which is the better long-term investment — NGL or CAPL or GEL or MMLP or EPD?
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: EPD returned +119. 8% 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 — NGL or CAPL or GEL or MMLP or EPD?
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, Enterprise Products Partners L. P. (EPD) carries a lower debt/equity ratio of 114% versus 4% for NGL Energy Partners LP — giving it more financial flexibility in a downturn.
05Which is growing faster — NGL or CAPL or GEL or MMLP or EPD?
By revenue growth (latest reported year), Martin Midstream Partners L.
P. (MMLP) is pulling ahead at 1. 2% 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, EPD leads at -3. 3% 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 — NGL or CAPL or GEL or MMLP or EPD?
Enterprise Products Partners L.
P. (EPD) is the more profitable company, earning 11. 1% net margin versus -2. 0% for Martin Midstream Partners L. P. — meaning it keeps 11. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GEL leads at 15. 8% versus 5. 6% for CAPL. At the gross margin level — before operating expenses — GEL leads at 21. 1%, 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 NGL or CAPL or GEL or MMLP or EPD more undervalued right now?
On forward earnings alone, Enterprise Products Partners L.
P. (EPD) trades at 13. 1x forward P/E versus 49. 5x for CrossAmerica Partners LP — 36. 4x 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 — NGL or CAPL or GEL or MMLP or EPD?
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 NGL or CAPL or GEL or MMLP or EPD better for a retirement portfolio?
For long-horizon retirement investors, Enterprise Products Partners L.
P. (EPD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 06), 5. 7% yield, +119. 8% 10Y return). Both have compounded well over 10 years (EPD: +119. 8%, 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 NGL and CAPL and GEL and MMLP and EPD?
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: NGL is a small-cap income-oriented stock; CAPL is a small-cap income-oriented stock; GEL is a small-cap income-oriented stock; MMLP is a small-cap quality compounder stock; EPD 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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