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Ngl Energy Partners Lp  (NGL)
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    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities

Ngl Energy Partners Lp's

Competitiveness


 

NGL Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Ngl Energy Partners Lp reported Revenue decrease in the 4 quarter 2023 year on year by -12.6 %, faster than the overall decrease of Ngl Energy Partners Lp's competitors by -6.41 %, recorded in the same quarter.

List of NGL Competitors

With a net margin of 2.45 % Ngl Energy Partners Lp achieved higher profitability than its competitors.

More on NGL Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Ngl Energy Partners LpNet Income in the 4 quarter 2023 fell year on year by -22.41%, while most of its competitors have experienced a net loss.

<<  NGL Stock Performance Comparisons


Ngl Energy Partners Lp's Comment on Competitors and Industry Peers


Competition. Our Liquids business faces significant competition, as many entities, including other natural gas liquids wholesalers and companies involved in the natural gas liquids midstream industry (such as terminal and refinery operations), are engaged in the liquids business, some of which have greater financial resources than we do. The primary factors on which we compete are:


price;

availability of supply;

reliability of service;

available space on common carrier pipelines;

storage availability;

logistics capabilities, including the availability of railcars, and proprietary terminals;

long-term customer relationships; and

the acquisition of businesses.

Pricing Policy. In our Liquids business, we offer our customers three categories of contracts for propane sourced from common carrier pipelines:


customer pre-buys, which typically require deposits based on market pricing conditions;

market based, which can either be a posted price or an index to spot price at time of delivery; and

load package, a firm price agreement for customers seeking to purchase specific volumes delivered during a specific time period.

We use back-to-back contracts for many of our Liquids segment sales to limit exposure to commodity price risk and protect our margins. We are able to match our supply and sales commitments by offering our customers purchase contracts with flexible price, location, storage, and ratable delivery. However, certain common carrier pipelines require us to keep minimum in-line inventory balances year round to conduct our daily business, and these volumes are not be matched with a purchase commitment.

Our Retail Propane business faces significant competition, as many entities are engaged in the retail propane business, some of which have greater financial resources than we do. Also, we compete with alternative energy sources, including natural gas and electricity. The primary factors on which we compete are:


price;

availability of supply;

reliability of service;

long-term customer relationships; and

the acquisition of businesses.

Competition with other retail propane distributors in the propane industry is highly fragmented and generally occurs on a local basis with other large full-service, multi-state propane marketers, smaller local independent marketers, and farm cooperatives. Our customer service locations generally have one to five competitors in their market area.

The competitive landscape of the markets that we serve has been fairly stable. Each customer service location operates in its own competitive environment, since retailers are located in close proximity to their customers due to delivery economics. Our customer service locations generally have an effective marketing radius of 25 to 55 miles, although in certain areas the marketing radius may be extended by satellite distribution locations.

The ability to compete effectively depends on the ability to provide superior customer service, which includes reliability of supply, quality equipment, well-trained service staff, efficient delivery, 24-hours-a-day service for emergency repairs and deliveries, multiple payment and purchase options and the ability to maintain competitive prices. Additionally, we believe that our safety programs, policies and procedures are more comprehensive than many of our smaller, independent competitors, which offers a higher level of service to our customers. We also believe that our overall service capabilities and customer responsiveness differentiate us from many of our competitors.

Our Refined Products and Renewables business faces significant competition, as many entities are engaged in the refined products and renewables business, some of which have greater financial resources than we do. The primary factors on which we compete are:


price;

availability of supply;

reliability of service;

available space on common carrier pipelines;

storage availability;

logistics capabilities, including the availability of railcars, and proprietary terminals; and

long-term customer relationships.






  

Overall company Market Share Q4 2023

Overall company, revenue fell by -12.6 % and company lost market share, to approximately 16.94 %.




<<  More on NGL Market Share.
 
*Market share is calculated based on total revenue.





Who are Ngl Energy Partners Lp's Competitors?




Arbor Rapha Capital Bioholdings Corp I
Share Performance



0.00%
One Year



Arbor Rapha Capital Bioholdings Corp I
Profile

Arbor Rapha Capital Bioholdings Corp I's business model focuses on investing in and acquiring companies operating in the biotechnology and healthcare sectors.

More about Arbor Rapha Capital Bioholdings Corp I's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 207.000 mill. $ - mill. $ -0.185 mill.


Adams Resources and Energy Inc
Share Performance



-41.75%
One Year



Adams Resources and Energy Inc
Profile

Adams Resources and Energy Inc operates as an independent oil and gas company that engages in exploration, production, and marketing of crude oil, natural gas, and petroleum products. The company primarily focuses on acquiring and developing reserves, while also providing energy-related products and services to customers in the United States. Adams Resources and Energy Inc employs a vertically integrated business model, involving various stages of the energy value chain, in order to deliver a comprehensive range of products and expertise to meet the energy needs of its customers.

More about Adams Resources and Energy Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 63.600 mill. $ 2,745.293 mill. $ 0.212 mill.


Crossamerica Partners Lp
Share Performance



+2.09%
Over The Past 5 Days



Crossamerica Partners Lp
Profile

Crossamerica Partners LP operates as a wholesale distributor of motor fuel and owns and leases convenience stores. The company sources fuel from various suppliers and sells it to independently operated dealer stations under long-term supply contracts. Additionally, Crossamerica Partners LP provides various services to its dealers, such as marketing support, maintenance, and capital investments.

More about Crossamerica Partners Lp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 855.845 mill. $ 661.286 mill. $ 47.986 mill.


Patriot Transportation Holding Inc
Share Performance



+127.41%
This Year



Patriot Transportation Holding Inc
Profile

Patriot Transportation Holding Inc operates as a transportation and real estate company primarily in the United States. It owns and leases transportation assets, such as trucks and trailers, while also investing in income-producing properties like commercial real estate.

More about Patriot Transportation Holding Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 58.734 mill. $ 94.785 mill. $ 2.673 mill.


Global Partners lp
Share Performance



+20.45%
This Quarter



Global Partners lp
Profile

Global Partners LP is a fuel distributor and convenience store operator that operates mainly in the northeastern United States. They have built a vertically integrated supply chain to procure, market, and distribute various petroleum products, including gasoline, diesel fuel, heating oil, and kerosene.

More about Global Partners lp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 176.484 mill. $ 16,492.174 mill. $ 152.506 mill.


Macquarie Infrastructure Holdings Llc
Share Performance



+0.74%
Over The Past 5 Days



Macquarie Infrastructure Holdings Llc
Profile

Macquarie Infrastructure Holdings LLC operates primarily infrastructure businesses that provide essential services such as transportation, energy, and telecommunications. The company focuses on investing in and managing assets that generate stable cash flow and have significant barriers to entry.

More about Macquarie Infrastructure Holdings Llc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 367.529 mill. $ 480.115 mill. $ 2,681.708 mill.


Delek Us Holdings Inc
Share Performance



+10.99%
Over The Past 5 Days



Delek Us Holdings Inc
Profile

Delek US Holdings Inc operates as a diversified energy company, with a business model primarily focused on petroleum refining and logistics. They own and operate refineries that produce various refined petroleum products, including gasoline, diesel fuel, and asphalt. Additionally, they provide logistics services through their pipelines and storage terminals, ensuring efficient transportation and storage of crude oil and refined petroleum products.

More about Delek Us Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,947.000 mill. $ 16,917.400 mill. $ 46.700 mill.



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