NGL vs. IMO

Last updated Apr 1, 2026

Compare and contrast key facts about NGL Energy Partners LP (NGL) and Imperial Oil Limited (IMO).

Performance

NGL vs. IMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NGL Energy Partners LP (NGL) and Imperial Oil Limited (IMO). The values are adjusted to include any dividend payments, if applicable.

NGL vs. IMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NGL NGL Energy Partners LP	23.30%	100.40%	-10.41%	360.33%	-33.52%	-24.17%	-75.27%	34.05%	-22.35%	-20.22%
IMO Imperial Oil Limited	52.38%	43.85%	10.47%	20.89%	38.00%	95.29%	-25.37%	7.16%	-17.21%	-8.36%

Fundamentals

Market Cap NGL : $1.54B IMO : $64.15B
EPS NGL : $1.24 IMO : $6.51
PE Ratio NGL : 9.93 IMO : 20.11
PEG Ratio NGL : 0.09 IMO : 0.46
PS Ratio NGL : 1.14 IMO : 1.44
PB Ratio NGL : 12.91 IMO : 2.88
Total Revenue (TTM) NGL : $1.39B IMO : $45.60B
Gross Profit (TTM) NGL : $1.42B IMO : $6.60B
EBITDA (TTM) NGL : $537.75M IMO : $6.84B

Returns By Period

In the year-to-date period, NGL achieves a 23.30% return, which is significantly lower than IMO's 52.38% return. Over the past 10 years, NGL has underperformed IMO with an annualized return of 12.67%, while IMO has yielded a comparatively higher 17.86% annualized return.

NGL

• 1D: 3.44%
• 1M: 2.75%
• YTD: 23.30%
• 6M: 105.50%
• 1Y: 171.59%
• 3Y*: 62.00%
• 5Y*: 41.42%
• 10Y*: 12.67%

IMO

• 1D: 0.91%
• 1M: 12.12%
• YTD: 52.38%
• 6M: 45.75%
• 1Y: 85.28%
• 3Y*: 40.78%
• 5Y*: 42.67%
• 10Y*: 17.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NGL vs. IMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NGL

NGL Risk / Return Rank: 93
NGL Sharpe Ratio Rank: 96
NGL Sortino Ratio Rank: 93
NGL Omega Ratio Rank: 93
NGL Calmar Ratio Rank: 92
NGL Martin Ratio Rank: 91

IMO

IMO Risk / Return Rank: 94
IMO Sharpe Ratio Rank: 96
IMO Sortino Ratio Rank: 94
IMO Omega Ratio Rank: 94
IMO Calmar Ratio Rank: 94
IMO Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NGL vs. IMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NGL Energy Partners LP (NGL) and Imperial Oil Limited (IMO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NGL	IMO	Difference
Sharpe ratio Return per unit of total volatility	2.77	2.92	-0.15
Sortino ratio Return per unit of downside risk	3.19	3.38	-0.19
Omega ratio Gain probability vs. loss probability	1.44	1.46	-0.02
Calmar ratio Return relative to maximum drawdown	4.22	4.93	-0.70
Martin ratio Return relative to average drawdown	11.83	14.78	-2.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NGL vs. IMO - Sharpe Ratio Comparison

The current NGL Sharpe Ratio is 2.77, which is comparable to the IMO Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of NGL and IMO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NGL	IMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	2.92	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	1.32	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.51	-0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.44	-0.39

Correlation

The correlation between NGL and IMO is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NGL vs. IMO - Dividend Comparison

NGL has not paid dividends to shareholders, while IMO's dividend yield for the trailing twelve months is around 1.69%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NGL NGL Energy Partners LP	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	37.08%	13.76%	16.27%	16.23%	8.62%	22.78%
IMO Imperial Oil Limited	1.69%	2.40%	2.84%	2.73%	2.30%	2.28%	3.50%	2.41%	2.36%	2.02%	1.70%	1.66%

Drawdowns

NGL vs. IMO - Drawdown Comparison

The maximum NGL drawdown since its inception was -94.71%, which is greater than IMO's maximum drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for NGL and IMO.

Drawdown Indicators

	NGL	IMO	Difference
Max Drawdown Largest peak-to-trough decline	-94.71%	-84.82%	-9.89%
Max Drawdown (1Y) Largest decline over 1 year	-39.91%	-18.10%	-21.81%
Max Drawdown (5Y) Largest decline over 5 years	-66.77%	-29.72%	-37.05%
Max Drawdown (10Y) Largest decline over 10 years	-92.74%	-76.96%	-15.78%
Current Drawdown Current decline from peak	-37.23%	0.00%	-37.23%
Average Drawdown Average peak-to-trough decline	-52.19%	-21.27%	-30.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.25%	6.03%	+8.22%

Volatility

NGL vs. IMO - Volatility Comparison

NGL Energy Partners LP (NGL) has a higher volatility of 14.93% compared to Imperial Oil Limited (IMO) at 5.44%. This indicates that NGL's price experiences larger fluctuations and is considered to be riskier than IMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NGL	IMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.93%	5.44%	+9.49%
Volatility (6M) Calculated over the trailing 6-month period	39.22%	20.14%	+19.08%
Volatility (1Y) Calculated over the trailing 1-year period	62.44%	29.43%	+33.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.46%	32.67%	+26.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.20%	35.47%	+34.73%

Financials

NGL vs. IMO - Profitability Comparison

The chart below illustrates the profitability comparison between NGL Energy Partners LP and Imperial Oil Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NGL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, NGL Energy Partners LP reported a gross profit of 839.76M and revenue of 909.82M. Therefore, the gross margin over that period was 92.3%.

IMO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Imperial Oil Limited reported a gross profit of 1.92B and revenue of 11.27B. Therefore, the gross margin over that period was 17.0%.

NGL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, NGL Energy Partners LP reported an operating income of 109.65M and revenue of 909.82M, resulting in an operating margin of 12.1%.

IMO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Imperial Oil Limited reported an operating income of 624.49M and revenue of 11.27B, resulting in an operating margin of 5.5%.

NGL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, NGL Energy Partners LP reported a net income of 47.18M and revenue of 909.82M, resulting in a net margin of 5.2%.

IMO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Imperial Oil Limited reported a net income of 491.60M and revenue of 11.27B, resulting in a net margin of 4.4%.