NGL vs SLB vs TRGP Stock Comparison

NGL Energy Partners, Slb and Targa Resources Prices as of Oct 27, 2026 Peers: Industry group
NGL NGL Energy Partners LP
$16.34 +8.1% 1M +157.3% 1Y
Market cap
$2.04B
P/E
–
Revenue (TTM)
$3.52B
Div. yield
–
Oil and Gas Pipelines Energy
4 wins
SLB Slb Limited/Nv
$54.08 +4.9% 1M +49.6% 1Y
Market cap
$80.26B
P/E
26.0x
Revenue (TTM)
$36.37B
Div. yield
2.14%
Oilfield Services Energy
5 wins
TRGP Targa Resources Corp.
$302.48 +8.9% 1M +96.4% 1Y
Market cap
$64.86B
P/E
28.6x
Revenue (TTM)
$16.74B
Div. yield
1.49%
Oil and Gas Pipelines Energy
3 wins

Head to Head

12 decided of 12

Slb leads on 5 of the 12 questions below (Slb 5, NGL Energy Partners 4, Targa Resources 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionNGLSLBTRGPLeader
Larger companyMarket capitalisation $2.04B $80.26B $64.86B SLB
Cheaper on earningsLower P/E, profitable companies only -5.8x 26.0x 28.6x SLB
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.6x 21.5x 28.5x NGL
Faster revenue growthRevenue growth, trailing twelve months +5.8% +2.5% -2.0% NGL
More profitableNet margin, trailing twelve months -9.9% 8.5% 13.5% TRGP
Better return on capitalReturn on invested capital 4.8% 9.5% 13.2% TRGP
Less leveragedLower net debt / EBITDA 8.0x 1.2x 3.5x SLB
Higher dividend yieldTrailing dividend yield 0.00% 2.14% 1.49% SLB
Better 1-year returnPrice return, last 12 months +157.3% +49.6% +96.4% NGL
Better 5-year returnAnnualised price return, 5 years +47.5%/yr +10.2%/yr +40.5%/yr NGL
Less volatileAnnualised volatility, 1 year 51.5% 36.6% 28.5% TRGP
Higher overall scoreMean of the five percentile scores vs peers 36/100 59/100 41/100 SLB

Percentile Scorecard

NGLSLBTRGP

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

AxisNGLSLBTRGP
Valuation 53 #17 of 35 28 #34 of 47 15 #30 of 35
Growth 6 #32 of 34 45 #24 of 43 79 #8 of 34
Profitability 12 #30 of 34 85 #7 of 40 70 #11 of 34
Financial Health 9 #32 of 35 57 #20 of 45 27 #26 of 35
Shareholder Returns 100 #1 of 31 81 #7 of 32 17 #26 of 31
Overall 36 59 41
  • NGL ranked among 35 companies in Oil and Gas Midstream
  • SLB ranked among 48 companies in Oilfield Services and Equipment
  • TRGP 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

PeriodNGLSLBTRGPSPY
1 month +8.1%+4.9%+8.9% -0.2%
3 months +8.9%+8.2%+15.6% +3.9%
6 months +3.9%-2.8%+21.8% +8.2%
Year to date +63.4%+40.9%+63.9% +12.9%
1 year +157.3%+49.6%+96.4% +12.3%
3 years +294.7%-3.1%+258.4% +87.4%
3 years, per year +58.1%-1.1%+53.1% +23.3%
5 years +598.3%+62.4%+447.6% +67.9%
5 years, per year +47.5%+10.2%+40.5% +10.9%
10 years -12.2%-32.1%+548.7% +261.1%
10 years, per year -1.3%-3.8%+20.6% +13.7%

Risk

MeasureNGLSLBTRGPSPY
Volatility, 1Y 51.5%36.6%28.5% 12.7%
Downside volatility, 1Y 43.1%33.4%26.2% 12.7%
Beta vs S&P 500, 1Y 0.370.74-0.34 1.00
Return / volatility, 1Y 3.061.353.39 0.97
Max drawdown, 5Y -61.5%-48.9%-32.6% -25.4%
From 52-week high -13.9%-10.0%-0.7% -1.2%
52-week high $18.98$60.12$304.61 $779.14
52-week low $6.35$35.19$151.38 $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.

MultipleNGLSLBTRGP
P/E now vs peer median -5.8xmedian 20.9x 26.0xmedian 26.1x 28.6xmedian 20.9x
P/S now vs peer median 0.6xmedian 2.7x 2.2xmedian 1.3x 3.9xmedian 2.7x
EV/EBITDA now vs peer median 13.0xmedian 11.0x 12.0xmedian 8.8x 15.3xmedian 11.0x
P/FCF now vs peer median 20.0xmedian 16.5x 16.7xmedian 14.9x 87.5xmedian 16.5x
P/B now vs peer median -8.6xmedian 2.6x 2.9xmedian 1.7x 17.1xmedian 2.6x
PEG now vs peer median 0.09median 1.95 -2.89median 0.49 0.69median 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 monthsNGLSLBTRGP
Revenue $3.52B $36.37B $16.74B
Gross profit $1.04B $6.01B $7.23B
Operating income $142.60M $4.68B $3.84B
Net income -$131.86M $3.15B $2.30B
Free cash flow $101.88M $4.81B $740.90M
R&D – $692.00M –
EPS (diluted) $-2.73 $2.06 $10.54
Cash & equivalents $5.07M $2.74B $132.30M
Total debt $3.28B $12.80B $19.58B
Shares (diluted) 128.09M 1.51B 215.20M
Enterprise value $2.01B $77.37B $64.48B

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
MetricNGLSLBTRGP
P/E -5.8x 26.0x 28.6x
P/FCF 20.0x 16.7x 87.5x
P/Operating cash flow 5.0x 12.3x 15.1x
P/S 0.6x 2.2x 3.9x
P/B -8.6x 2.9x 17.1x
P/Tangible book -2.0x 3.6x 38.4x
EV/EBITDA 13.0x 12.0x 15.3x
EV/EBIT 37.2x 19.0x 22.0x
EV/Revenue 1.5x 2.4x 5.0x
EV/FCF 52.1x 18.5x 113.8x
EV/Operating cash flow 13.0x 13.6x 19.7x
PEG (3Y EPS CAGR) 0.09 -2.89 0.69

Growth

14 metrics
MetricNGLSLBTRGP
Revenue growth (1Y) 5.8% 2.5% -2.0%
Revenue CAGR (3Y) -4.9% 5.3% -2.1%
Gross profit growth (1Y) 6.0% -15.3% 18.6%
Gross profit CAGR (3Y) 2.3% -0.2% 12.2%
Operating income growth (1Y) -58.6% -16.5% 27.6%
Operating income CAGR (3Y) -14.6% -2.2% 15.8%
Net income growth (1Y) -228.9% -25.2% 29.5%
Net income CAGR (3Y) -67.4% -7.6% 12.5%
EPS growth (1Y) -560.3% -31.3% 49.2%
EPS CAGR (3Y) -63.2% -9.0% 41.3%
Operating cash flow growth (1Y) 8.1% -1.6% 16.4%
Operating cash flow CAGR (3Y) -6.3% 8.5% 14.6%
Free cash flow growth (1Y) -39.9% 0.1% 73.3%
Free cash flow CAGR (3Y) -34.1% 21.2% -4.7%

Profitability

14 metrics
MetricNGLSLBTRGP
Gross margin 29.5% 16.5% 43.2%
EBITDA margin 11.6% 20.5% 32.9%
Operating margin 4.0% 12.9% 22.9%
Pretax margin -3.7% 10.8% 17.5%
Net margin -9.9% 8.5% 13.5%
FCF margin 2.9% 13.2% 4.4%
Operating cash flow margin 11.6% 18.0% 25.6%
Return on equity – 11.5% 65.2%
Return on assets -3.1% 5.7% 8.3%
Return on invested capital 4.8% 9.5% 13.2%
Return on capital employed 4.0% 11.4% 15.7%
Asset turnover 0.8x 0.7x 0.6x
Cash conversion (OCF / net income) -3.1x 2.1x 1.9x
Stock comp / revenue 0.1% 0.9% 0.5%

Financial Health

11 metrics
MetricNGLSLBTRGP
Debt / assets 78.4% 23.0% 68.7%
Debt / equity -13.8x 0.5x 5.2x
Net debt / EBITDA 8.0x 1.2x 3.5x
Debt / FCF 32.2x 2.7x 26.4x
Liabilities / assets 105.7% 50.9% 86.7%
Equity / assets -5.7% 49.1% 13.3%
Interest coverage 0.6x 9.1x –
Current ratio 1.1x 1.4x 0.8x
Quick ratio 1.0x 0.9x 0.6x
Cash ratio 0.0x 0.3x 0.0x
Altman Z-score – 3.24 2.72

Shareholder Returns

7 metrics
MetricNGLSLBTRGP
Dividend yield – 2.1% 1.5%
Net buyback yield 17.8% 1.1% 0.5%
Shareholder yield 17.8% 3.2% 2.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusNGLSLBTRGP
Forward P/E 12.6xFY2026 21.5xFY2026 28.5xFY2026
EPS, next fiscal year $1.30FY2026 $2.52FY2026 $10.62FY2026
EPS growth, next FY – -14.0%FY2026 +24.4%FY2026
EPS growth, the year after +31.5% +17.1% +24.8%
Revenue, next fiscal year $3.82BFY2026 $38.38BFY2026 $19.51BFY2026
Revenue growth, next FY +21.0%FY2026 +7.5%FY2026 +14.6%FY2026
Revenue growth, the year after -6.2% +0.5% +14.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNGLSLBTRGP
Held by institutions 60.3% 89.8% 93.5%
Institutions holding 88 1,698 1,085
Change in shares held, QoQ +3.5% +1.6% +2.9%
Institutions buying 25 783 558
Institutions selling 29 663 353
Buyers to sellers 0.86 1.18 1.58

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.

NGLSLBTRGP
NGL 1.00 0.20 0.29
SLB 0.20 1.00 0.32
TRGP 0.29 0.32 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NGL, SLB and TRGP?

Slb (SLB) is the largest by market capitalisation: NGL Energy Partners (NGL) $2.04B, Slb (SLB) $80.26B, Targa Resources (TRGP) $64.86B.

Which stock is cheaper, NGL, SLB and TRGP?

Slb (SLB) trades on the lowest price-to-earnings ratio (NGL Energy Partners (NGL) -5.8x, Slb (SLB) 26.0x, Targa Resources (TRGP) 28.6x). On next year's consensus earnings, NGL Energy Partners (NGL) is cheapest (NGL Energy Partners (NGL) 12.6x, Slb (SLB) 21.5x, Targa Resources (TRGP) 28.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

NGL Energy Partners (NGL) grew revenue fastest over the trailing twelve months: NGL Energy Partners (NGL) +5.8%, Slb (SLB) +2.5%, Targa Resources (TRGP) -2.0%.

Which company is more profitable?

Targa Resources (TRGP) has the highest net margin (NGL Energy Partners (NGL) -9.9%, Slb (SLB) 8.5%, Targa Resources (TRGP) 13.5%). On return on invested capital, Targa Resources (TRGP) leads (NGL Energy Partners (NGL) 4.8%, Slb (SLB) 9.5%, Targa Resources (TRGP) 13.2%).

Which stock has performed better?

Over the past year NGL Energy Partners (NGL) returned the most: NGL Energy Partners (NGL) +157.3%, Slb (SLB) +49.6%, Targa Resources (TRGP) +96.4%. Over five years, NGL Energy Partners (NGL) compounded fastest (NGL Energy Partners (NGL) +47.5%/yr, Slb (SLB) +10.2%/yr, Targa Resources (TRGP) +40.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Slb (SLB) has the highest dividend yield: NGL Energy Partners (NGL) 0.00%, Slb (SLB) 2.14%, Targa Resources (TRGP) 1.49%. NGL Energy Partners (NGL) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Targa Resources (TRGP) has been the steadiest (NGL Energy Partners (NGL) 51.5%, Slb (SLB) 36.6%, Targa Resources (TRGP) 28.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NGL, SLB and TRGP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Slb (SLB) leads on 5. 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.