NGL vs KMI vs EPD Stock Comparison

NGL Energy Partners, Kinder Morgan and Enterprise Products Partners Prices as of Oct 27, 2026 Peers: Industry group
NGL NGL Energy Partners LP
$16.34 +8.1% 1M +157.3% 1Y
Market cap
$2.06B
P/E
–
Revenue (TTM)
$3.52B
Div. yield
–
Oil and Gas Pipelines Energy
3 wins
KMI Kinder Morgan, Inc.
$33.87 +10.2% 1M +29.5% 1Y
Market cap
$74.66B
P/E
20.7x
Revenue (TTM)
$18.34B
Div. yield
0.04%
Oil and Gas Pipelines Energy
2 wins

Head to Head

12 decided of 12

Enterprise Products Partners leads on 7 of the 12 questions below (Enterprise Products Partners 7, NGL Energy Partners 3, Kinder Morgan 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionNGLKMIEPDLeader
Larger companyMarket capitalisation $2.06B $74.66B $81.94B EPD
Cheaper on earningsLower P/E, profitable companies only -5.9x 20.7x 13.0x EPD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.6x 20.8x 13.0x NGL
Faster revenue growthRevenue growth, trailing twelve months +5.8% +11.7% +6.8% KMI
More profitableNet margin, trailing twelve months -9.9% 19.6% 10.8% KMI
Better return on capitalReturn on invested capital 4.8% 6.3% 12.2% EPD
Less leveragedLower net debt / EBITDA 8.0x 4.1x 3.2x EPD
Higher dividend yieldTrailing dividend yield 0.00% 0.04% 0.06% EPD
Better 1-year returnPrice return, last 12 months +157.3% +29.5% +19.3% NGL
Better 5-year returnAnnualised price return, 5 years +47.5%/yr +14.3%/yr +10.0%/yr NGL
Less volatileAnnualised volatility, 1 year 51.5% 21.2% 18.5% EPD
Higher overall scoreMean of the five percentile scores vs peers 36/100 45/100 51/100 EPD

Percentile Scorecard

NGLKMIEPD

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisNGLKMIEPD
Valuation 53 #17 of 35 35 #23 of 35 71 #11 of 35
Growth 6 #32 of 34 67 #12 of 34 24 #26 of 34
Profitability 12 #30 of 34 52 #17 of 34 49 #18 of 34
Financial Health 9 #32 of 35 47 #19 of 35 68 #12 of 35
Shareholder Returns 100 #1 of 31 23 #24 of 31 43 #18 of 31
Overall 36 45 51
  • NGL ranked among 35 companies in Oil and Gas Midstream
  • KMI ranked among 35 companies in Oil and Gas Midstream
  • EPD ranked among 35 companies in Oil and Gas Midstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodNGLKMIEPDSPY
1 month +8.1%+10.2%+0.9% -0.2%
3 months +8.9%+7.1%-3.8% +3.9%
6 months +3.9%+6.5%-3.4% +8.2%
Year to date +63.4%+23.2%+16.0% +12.9%
1 year +157.3%+29.5%+19.3% +12.3%
3 years +294.7%+106.9%+37.3% +87.4%
3 years, per year +58.1%+27.4%+11.2% +23.3%
5 years +598.3%+95.2%+60.7% +67.9%
5 years, per year +47.5%+14.3%+10.0% +10.9%
10 years -12.2%+61.5%+42.6% +261.1%
10 years, per year -1.3%+4.9%+3.6% +13.7%

Risk

MeasureNGLKMIEPDSPY
Volatility, 1Y 51.5%21.2%18.5% 12.7%
Downside volatility, 1Y 43.1%20.5%18.0% 12.7%
Beta vs S&P 500, 1Y 0.37-0.22-0.32 1.00
Return / volatility, 1Y 3.061.391.04 0.97
Max drawdown, 5Y -61.5%-20.4%-19.5% -25.4%
From 52-week high -13.9%-1.7%-6.6% -1.2%
52-week high $18.98$34.44$39.80 $779.14
52-week low $6.35$25.84$30.22 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleNGLKMIEPD
P/E now vs peer median -5.8xmedian 20.9x 20.9xmedian 20.9x 12.8xmedian 20.9x
P/S now vs peer median 0.6xmedian 2.7x 4.1xmedian 2.7x 1.4xmedian 2.7x
EV/EBITDA now vs peer median 13.0xmedian 11.0x 13.8xmedian 11.0x 11.0xmedian 11.0x
P/FCF now vs peer median 20.0xmedian 16.5x 24.5xmedian 16.5x 23.2xmedian 16.5x
P/B now vs peer median -8.6xmedian 2.6x 2.3xmedian 2.6x 2.6xmedian 2.6x
PEG now vs peer median 0.09median 1.95 1.55median 1.95 2.40median 1.95

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsNGLKMIEPD
Revenue $3.52B $18.34B $58.47B
Gross profit $1.04B $12.18B –
Operating income $142.60M $5.31B $7.85B
Net income -$131.86M $3.71B $6.37B
Free cash flow $101.88M $3.08B $3.46B
EPS (diluted) $-2.73 $1.62 $2.89
Cash & equivalents $5.07M $918.00M $246.00M
Total debt $3.28B $33.07B $33.23B
Shares (diluted) 128.09M 2.23B 2.19B
Enterprise value $2.04B $73.52B $80.33B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricNGLKMIEPD
P/E -5.8x 20.9x 12.8x
P/FCF 20.0x 24.5x 23.2x
P/Operating cash flow 5.0x 11.2x 9.1x
P/S 0.6x 4.1x 1.4x
P/B -8.6x 2.3x 2.6x
P/Tangible book -2.0x 2.4x 3.0x
EV/EBITDA 13.0x 13.8x 11.0x
EV/EBIT 37.2x 20.2x 14.4x
EV/Revenue 1.5x 5.9x 1.9x
EV/FCF 52.1x 34.9x 32.7x
EV/Operating cash flow 13.0x 16.0x 12.8x
PEG (3Y EPS CAGR) 0.09 1.55 2.40

Growth

14 metrics
MetricNGLKMIEPD
Revenue growth (1Y) 5.8% 11.7% 6.8%
Revenue CAGR (3Y) -4.9% 4.9% 3.8%
Gross profit growth (1Y) 6.0% 9.8% –
Gross profit CAGR (3Y) 2.3% 5.7% –
Operating income growth (1Y) -58.6% 18.9% 7.5%
Operating income CAGR (3Y) -14.6% 7.6% 5.0%
Net income growth (1Y) -228.9% 30.8% 7.5%
Net income CAGR (3Y) -67.4% 13.1% 4.7%
EPS growth (1Y) -560.3% 31.9% 7.7%
EPS CAGR (3Y) -63.2% 13.5% 5.3%
Operating cash flow growth (1Y) 8.1% 17.4% 0.6%
Operating cash flow CAGR (3Y) -6.3% 6.5% 6.9%
Free cash flow growth (1Y) -39.9% 11.8% -17.8%
Free cash flow CAGR (3Y) -34.1% -3.3% -9.0%

Profitability

14 metrics
MetricNGLKMIEPD
Gross margin 29.5% 66.4% –
EBITDA margin 11.6% 42.6% 17.6%
Operating margin 4.0% 29.0% 13.4%
Pretax margin -3.7% 25.8% 10.9%
Net margin -9.9% 19.6% 10.8%
FCF margin 2.9% 16.8% 5.9%
Operating cash flow margin 11.6% 36.7% 15.2%
Return on equity – 11.3% 20.7%
Return on assets -3.1% 5.0% 7.8%
Return on invested capital 4.8% 6.3% 12.2%
Return on capital employed 4.0% 7.6% 12.3%
Asset turnover 0.8x 0.2x 0.7x
Cash conversion (OCF / net income) -3.1x 1.8x 1.4x
Stock comp / revenue 0.1% – –

Financial Health

11 metrics
MetricNGLKMIEPD
Debt / assets 78.4% 43.9% 40.6%
Debt / equity -13.8x 1.0x 1.1x
Net debt / EBITDA 8.0x 4.1x 3.2x
Debt / FCF 32.2x 10.7x 9.6x
Liabilities / assets 105.7% 56.5% 62.0%
Equity / assets -5.7% 43.5% 38.0%
Interest coverage 0.6x – 5.2x
Current ratio 1.1x 0.7x 0.9x
Quick ratio 1.0x 0.2x 0.6x
Cash ratio 0.0x 0.2x 0.0x
Altman Z-score – 1.33 –

Shareholder Returns

7 metrics
MetricNGLKMIEPD
Dividend yield – 3.5% 5.9%
Net buyback yield 17.8% – 0.5%
Shareholder yield 17.8% 3.5% 6.4%
Payout ratio (earnings) – 71.2% 74.4%
Payout ratio (FCF) – 85.6% 136.9%
Dividend growth (1Y) – 1.8% 3.1%
Dividend CAGR (3Y) – 1.5% 4.1%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusNGLKMIEPD
Forward P/E 12.6xFY2026 20.8xFY2026 13.0xFY2026
EPS, next fiscal year $1.30FY2026 $1.63FY2026 $2.87FY2026
EPS growth, next FY – +25.4%FY2026 +7.9%FY2026
EPS growth, the year after +31.5% -11.0% +17.1%
Revenue, next fiscal year $3.82BFY2026 $17.89BFY2026 $66.68BFY2026
Revenue growth, next FY +21.0%FY2026 +5.6%FY2026 +26.8%FY2026
Revenue growth, the year after -6.2% +0.4% +2.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNGLKMIEPD
Held by institutions 60.3% 69.3% 24.8%
Institutions holding 88 1,811 1,581
Change in shares held, QoQ +3.5% +3.3% +0.8%
Institutions buying 25 898 670
Institutions selling 29 647 435
Buyers to sellers 0.86 1.39 1.54

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

NGLKMIEPD
NGL 1.00 0.18 0.23
KMI 0.18 1.00 0.52
EPD 0.23 0.52 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NGL, KMI and EPD?

Enterprise Products Partners (EPD) is the largest by market capitalisation: NGL Energy Partners (NGL) $2.06B, Kinder Morgan (KMI) $74.66B, Enterprise Products Partners (EPD) $81.94B.

Which stock is cheaper, NGL, KMI and EPD?

Enterprise Products Partners (EPD) trades on the lowest price-to-earnings ratio (NGL Energy Partners (NGL) -5.9x, Kinder Morgan (KMI) 20.7x, Enterprise Products Partners (EPD) 13.0x). On next year's consensus earnings, NGL Energy Partners (NGL) is cheapest (NGL Energy Partners (NGL) 12.6x, Kinder Morgan (KMI) 20.8x, Enterprise Products Partners (EPD) 13.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Kinder Morgan (KMI) grew revenue fastest over the trailing twelve months: NGL Energy Partners (NGL) +5.8%, Kinder Morgan (KMI) +11.7%, Enterprise Products Partners (EPD) +6.8%.

Which company is more profitable?

Kinder Morgan (KMI) has the highest net margin (NGL Energy Partners (NGL) -9.9%, Kinder Morgan (KMI) 19.6%, Enterprise Products Partners (EPD) 10.8%). On return on invested capital, Enterprise Products Partners (EPD) leads (NGL Energy Partners (NGL) 4.8%, Kinder Morgan (KMI) 6.3%, Enterprise Products Partners (EPD) 12.2%).

Which stock has performed better?

Over the past year NGL Energy Partners (NGL) returned the most: NGL Energy Partners (NGL) +157.3%, Kinder Morgan (KMI) +29.5%, Enterprise Products Partners (EPD) +19.3%. Over five years, NGL Energy Partners (NGL) compounded fastest (NGL Energy Partners (NGL) +47.5%/yr, Kinder Morgan (KMI) +14.3%/yr, Enterprise Products Partners (EPD) +10.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Enterprise Products Partners (EPD) has the highest dividend yield: NGL Energy Partners (NGL) 0.00%, Kinder Morgan (KMI) 0.04%, Enterprise Products Partners (EPD) 0.06%. NGL Energy Partners (NGL) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Enterprise Products Partners (EPD) has been the steadiest (NGL Energy Partners (NGL) 51.5%, Kinder Morgan (KMI) 21.2%, Enterprise Products Partners (EPD) 18.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NGL, KMI and EPD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Enterprise Products Partners (EPD) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.