NGL Income Before Tax vs Net Income Analysis

NGL Stock

USD 5.76 0.13 2.21%

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 Income Before Tax 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 tightly coupled with the direction of predictive economic indicators such as signals in price.

Income Before Tax vs Net Income

Income Before Tax 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 Income Before Tax account and Net Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between NGL Energy's Income Before Tax and Net Income is 0.84. Overlapping area represents the amount of variation of Income Before Tax 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 Income Before Tax 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 Income Before Tax 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 Income Before Tax i.e., NGL Energy's Income Before Tax and Net Income go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on NGL Energy income statement and is an important metric when analyzing NGL Energy Partners profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

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 tightly coupled 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 0.01 this year, although the value of Selling General Administrative will most likely fall to about 82.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	254.7M	258.7M	297.5M	312.4M
Depreciation And Amortization	306.2M	290.9M	334.5M	189.7M

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		0.95	0.81	0.88	0.2	0.74	0.85	0.23	0.95	-0.63	0.78	0.15	0.98	0.49	0.96	0.15	0.81	0.82	0.92	0.95	0.51	0.91	-0.13	0.97	0.57	0.79
Short Long Term Debt Total	0.95		0.64	0.79	0.09	0.77	0.94	0.15	1.0	-0.59	0.72	-0.02	0.97	0.32	1.0	-0.02	0.73	0.65	0.95	1.0	0.38	0.92	-0.03	0.99	0.47	0.64
Other Current Liab	0.81	0.64		0.71	0.05	0.6	0.56	0.15	0.64	-0.69	0.56	0.33	0.75	0.82	0.66	0.33	0.6	0.82	0.71	0.65	0.46	0.59	-0.37	0.69	0.49	0.77
Total Current Liabilities	0.88	0.79	0.71		0.11	0.45	0.71	0.02	0.79	-0.54	0.98	-0.06	0.79	0.42	0.8	-0.06	0.98	0.67	0.85	0.78	0.41	0.85	-0.09	0.87	0.59	0.89
Total Stockholder Equity	0.2	0.09	0.05	0.11		0.29	-0.15	0.89	0.09	0.38	0.09	0.44	0.19	0.02	0.11	0.44	0.16	0.57	-0.09	0.1	0.59	0.14	0.24	0.1	0.29	0.17
Other Liab	0.74	0.77	0.6	0.45	0.29		0.58	0.42	0.76	-0.41	0.33	0.27	0.75	0.53	0.78	0.27	0.4	0.7	0.7	0.79	0.63	0.69	-0.25	0.74	0.34	0.52
Property Plant And Equipment Net	0.85	0.94	0.56	0.71	-0.15	0.58		-0.07	0.94	-0.66	0.65	-0.15	0.91	0.21	0.93	-0.15	0.63	0.43	0.93	0.93	0.07	0.79	0.09	0.91	0.39	0.46
Current Deferred Revenue	0.23	0.15	0.15	0.02	0.89	0.42	-0.07		0.14	0.41	-0.06	0.56	0.26	0.04	0.17	0.56	0.02	0.59	-0.06	0.16	0.51	0.14	0.21	0.13	0.35	0.07
Net Debt	0.95	1.0	0.64	0.79	0.09	0.76	0.94	0.14		-0.59	0.72	-0.02	0.97	0.31	1.0	-0.02	0.73	0.65	0.95	1.0	0.38	0.92	-0.03	0.99	0.47	0.63
Retained Earnings	-0.63	-0.59	-0.69	-0.54	0.38	-0.41	-0.66	0.41	-0.59		-0.45	0.19	-0.6	-0.65	-0.58	0.19	-0.45	-0.37	-0.72	-0.59	-0.17	-0.47	0.3	-0.6	-0.23	-0.53
Accounts Payable	0.78	0.72	0.56	0.98	0.09	0.33	0.65	-0.06	0.72	-0.45		-0.16	0.69	0.3	0.73	-0.16	0.99	0.55	0.78	0.71	0.35	0.81	-0.04	0.8	0.53	0.85
Cash	0.15	-0.02	0.33	-0.06	0.44	0.27	-0.15	0.56	-0.02	0.19	-0.16		0.14	0.23	0.0	1.0	-0.08	0.43	-0.12	-0.01	0.34	0.04	-0.25	-0.02	0.02	0.13
Non Current Assets Total	0.98	0.97	0.75	0.79	0.19	0.75	0.91	0.26	0.97	-0.6	0.69	0.14		0.39	0.97	0.14	0.71	0.76	0.91	0.97	0.41	0.87	-0.02	0.96	0.53	0.65
Non Currrent Assets Other	0.49	0.32	0.82	0.42	0.02	0.53	0.21	0.04	0.31	-0.65	0.3	0.23	0.39		0.34	0.23	0.35	0.61	0.46	0.34	0.49	0.26	-0.43	0.38	0.27	0.64
Long Term Debt	0.96	1.0	0.66	0.8	0.11	0.78	0.93	0.17	1.0	-0.58	0.73	0.0	0.97	0.34		0.0	0.74	0.68	0.95	1.0	0.41	0.93	-0.05	0.99	0.48	0.66
Cash And Short Term Investments	0.15	-0.02	0.33	-0.06	0.44	0.27	-0.15	0.56	-0.02	0.19	-0.16	1.0	0.14	0.23	0.0		-0.08	0.43	-0.12	-0.01	0.34	0.04	-0.25	-0.02	0.02	0.13
Net Receivables	0.81	0.73	0.6	0.98	0.16	0.4	0.63	0.02	0.73	-0.45	0.99	-0.08	0.71	0.35	0.74	-0.08		0.62	0.78	0.72	0.44	0.82	-0.08	0.82	0.55	0.9
Good Will	0.82	0.65	0.82	0.67	0.57	0.7	0.43	0.59	0.65	-0.37	0.55	0.43	0.76	0.61	0.68	0.43	0.62		0.58	0.67	0.78	0.68	-0.25	0.7	0.58	0.76
Common Stock Shares Outstanding	0.92	0.95	0.71	0.85	-0.09	0.7	0.93	-0.06	0.95	-0.72	0.78	-0.12	0.91	0.46	0.95	-0.12	0.78	0.58		0.95	0.27	0.84	-0.08	0.96	0.47	0.7
Non Current Liabilities Total	0.95	1.0	0.65	0.78	0.1	0.79	0.93	0.16	1.0	-0.59	0.71	-0.01	0.97	0.34	1.0	-0.01	0.72	0.67	0.95		0.4	0.92	-0.06	0.99	0.47	0.64
Inventory	0.51	0.38	0.46	0.41	0.59	0.63	0.07	0.51	0.38	-0.17	0.35	0.34	0.41	0.49	0.41	0.34	0.44	0.78	0.27	0.4		0.55	-0.49	0.42	0.39	0.68
Other Current Assets	0.91	0.92	0.59	0.85	0.14	0.69	0.79	0.14	0.92	-0.47	0.81	0.04	0.87	0.26	0.93	0.04	0.82	0.68	0.84	0.92	0.55		-0.21	0.94	0.47	0.77
Other Stockholder Equity	-0.13	-0.03	-0.37	-0.09	0.24	-0.25	0.09	0.21	-0.03	0.3	-0.04	-0.25	-0.02	-0.43	-0.05	-0.25	-0.08	-0.25	-0.08	-0.06	-0.49	-0.21		-0.07	-0.12	-0.41
Total Liab	0.97	0.99	0.69	0.87	0.1	0.74	0.91	0.13	0.99	-0.6	0.8	-0.02	0.96	0.38	0.99	-0.02	0.82	0.7	0.96	0.99	0.42	0.94	-0.07		0.52	0.73
Property Plant And Equipment Gross	0.57	0.47	0.49	0.59	0.29	0.34	0.39	0.35	0.47	-0.23	0.53	0.02	0.53	0.27	0.48	0.02	0.55	0.58	0.47	0.47	0.39	0.47	-0.12	0.52		0.53
Total Current Assets	0.79	0.64	0.77	0.89	0.17	0.52	0.46	0.07	0.63	-0.53	0.85	0.13	0.65	0.64	0.66	0.13	0.9	0.76	0.7	0.64	0.68	0.77	-0.41	0.73	0.53

Click cells to compare fundamentals

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	6.3B	4.5B
Short Long Term Debt Total	3.3B	3.5B	3.5B	3.0B	3.4B	2.2B
Other Current Liab	232.1M	170.4M	140.7M	133.6M	153.7M	158.8M
Total Current Liabilities	845.8M	910.8M	1.3B	1.1B	1.3B	823.2M
Total Stockholder Equity	(385K)	(266K)	(308K)	767.4M	690.7M	544.7M
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	2.7B	1.5B
Current Deferred Revenue	19.5M	11.2M	7.9M	14.7M	16.9M	22.4M
Net Debt	3.3B	3.5B	3.5B	2.9B	3.4B	2.1B
Retained Earnings	(2.3B)	(1.5B)	(1.3B)	(1.4B)	(1.2B)	(1.3B)
Accounts Payable	532.8M	680.0M	1.1B	927.7M	1.1B	622.2M
Cash	22.7M	4.8M	3.8M	5.4M	4.9M	4.6M
Non Current Assets Total	5.7B	4.9B	4.5B	4.2B	4.8B	3.4B
Non Currrent Assets Other	57.8M	47.8M	45.8M	58.0M	66.7M	102.2M
Long Term Debt	3.1B	3.3B	3.4B	2.9B	3.3B	2.1B
Cash And Short Term Investments	22.7M	4.8M	3.8M	5.4M	4.9M	4.6M
Net Receivables	579.8M	735.4M	1.1B	1.0B	1.2B	704.7M
Good Will	1.1B	993.6M	744.4M	712.4M	819.2M	844.8M
Common Stock Shares Outstanding	127.4M	129.0M	129.8M	131.0M	150.7M	89.8M
Liabilities And Stockholders Equity	4.3B	4.5B	4.8B	4.2B	4.8B	3.6B
Non Current Liabilities Total	3.4B	3.5B	3.5B	3.0B	3.5B	2.2B
Inventory	69.6M	158.5M	251.3M	142.6M	164.0M	238.1M
Other Current Assets	102.0M	109.2M	159.5M	98.1M	112.8M	81.2M
Other Stockholder Equity	385K	266K	308K	767.9M	691.1M	725.6M
Total Liab	4.2B	4.4B	4.8B	4.1B	4.8B	3.0B
Total Current Assets	774.1M	1.0B	1.5B	1.3B	1.5B	1.1B
Accumulated Other Comprehensive Income	(385K)	(266K)	(308K)	(450K)	(405K)	(425.3K)
Short Term Debt	61.5M	49.3M	43.6M	34.2M	39.3M	19.8M
Intangible Assets	1.6B	1.3B	1.1B	1.1B	1.2B	858.7M
Common Stock	1.4B	582.8M	401.5M	455.6M	523.9M	497.7M
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	56.8M	54.0M
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	127.9M	114.1M
Long Term Investments	23.2M	22.7M	21.9M	21.1M	19.0M	18.0M

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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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Largest Oil & Gas Midstream Companies

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Largest Energy Companies

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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 tightly coupled with the direction of predictive economic indicators such as signals in price.

Note that the NGL Energy Partners information on this page should be used as a complementary analysis to other NGL Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for NGL Stock analysis

When running NGL Energy's price analysis, check to measure NGL Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NGL Energy is operating at the current time. Most of NGL Energy's value examination focuses on studying past and present price action to predict the probability of NGL Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NGL Energy's price. Additionally, you may evaluate how the addition of NGL Energy to your portfolios can decrease your overall portfolio volatility.

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Is NGL Energy's industry 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

(0.60)

Revenue Per Share

55.91

Quarterly Revenue Growth

(0.13)

Return On Assets

0.0427

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 Income Before Tax vs Net Income Analysis

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

Correlation Coefficient

Income Before Tax

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!

Complementary Tools for NGL Stock analysis

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	- 0.72	Retained Earnings
Retained Earnings	- 0.69	Other Current Liab
Retained Earnings	- 0.66	Property Plant And Equipment Net
Non Currrent Assets Other	- 0.65	Retained Earnings
Retained Earnings	- 0.63	Total Assets
Total Liab	- 0.6	Retained Earnings