NGL vs. PAA
Compare and contrast key facts about NGL Energy Partners LP (NGL) and Plains All American Pipeline, L.P. (PAA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NGL or PAA.
Correlation
The correlation between NGL and PAA is 0.26, 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.
Performance
NGL vs. PAA - Performance Comparison
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Key characteristics
NGL:
-0.74
PAA:
0.08
NGL:
-0.84
PAA:
0.36
NGL:
0.88
PAA:
1.05
NGL:
-0.47
PAA:
0.08
NGL:
-1.58
PAA:
0.46
NGL:
25.75%
PAA:
7.63%
NGL:
55.47%
PAA:
28.07%
NGL:
-94.73%
PAA:
-91.99%
NGL:
-82.87%
PAA:
-37.10%
Fundamentals
NGL:
$491.09M
PAA:
$11.96B
NGL:
-$2.53
PAA:
$0.93
NGL:
-126.11
PAA:
2.27
NGL:
0.08
PAA:
0.24
NGL:
0.71
PAA:
1.24
NGL:
$4.29B
PAA:
$50.14B
NGL:
$510.51M
PAA:
$13.75B
NGL:
$424.64M
PAA:
$2.04B
Returns By Period
In the year-to-date period, NGL achieves a -32.26% return, which is significantly lower than PAA's 1.49% return. Over the past 10 years, NGL has underperformed PAA with an annualized return of -13.32%, while PAA has yielded a comparatively higher -2.57% annualized return.
NGL
-32.26%
18.60%
-24.89%
-40.81%
20.96%
-6.27%
-13.32%
PAA
1.49%
-1.79%
-1.28%
2.19%
24.71%
20.45%
-2.57%
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Risk-Adjusted Performance
NGL vs. PAA — Risk-Adjusted Performance Rank
NGL
PAA
NGL vs. PAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NGL Energy Partners LP (NGL) and Plains All American Pipeline, L.P. (PAA). 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.
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Dividends
NGL vs. PAA - Dividend Comparison
NGL has not paid dividends to shareholders, while PAA's dividend yield for the trailing twelve months is around 8.38%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NGL NGL Energy Partners LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 37.08% | 13.76% | 16.27% | 15.91% | 8.62% | 22.79% | 8.15% |
PAA Plains All American Pipeline, L.P. | 8.38% | 7.44% | 7.06% | 7.08% | 7.71% | 13.11% | 7.50% | 5.99% | 9.45% | 8.21% | 11.93% | 4.97% |
Drawdowns
NGL vs. PAA - Drawdown Comparison
The maximum NGL drawdown since its inception was -94.73%, roughly equal to the maximum PAA drawdown of -91.99%. Use the drawdown chart below to compare losses from any high point for NGL and PAA. For additional features, visit the drawdowns tool.
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Volatility
NGL vs. PAA - Volatility Comparison
NGL Energy Partners LP (NGL) has a higher volatility of 20.71% compared to Plains All American Pipeline, L.P. (PAA) at 9.50%. This indicates that NGL's price experiences larger fluctuations and is considered to be riskier than PAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
NGL vs. PAA - Financials Comparison
This section allows you to compare key financial metrics between NGL Energy Partners LP and Plains All American Pipeline, L.P.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NGL vs. PAA - Profitability Comparison
NGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, NGL Energy Partners LP reported a gross profit of 172.83M and revenue of 1.55B. Therefore, the gross margin over that period was 11.2%.
PAA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Plains All American Pipeline, L.P. reported a gross profit of 620.00M and revenue of 12.01B. Therefore, the gross margin over that period was 5.2%.
NGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, NGL Energy Partners LP reported an operating income of 75.50M and revenue of 1.55B, resulting in an operating margin of 4.9%.
PAA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Plains All American Pipeline, L.P. reported an operating income of 533.00M and revenue of 12.01B, resulting in an operating margin of 4.4%.
NGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, NGL Energy Partners LP reported a net income of 13.51M and revenue of 1.55B, resulting in a net margin of 0.9%.
PAA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Plains All American Pipeline, L.P. reported a net income of 443.00M and revenue of 12.01B, resulting in a net margin of 3.7%.