Flex LNG Ltd. (FLNG) vs NGL Energy Partners LP (NGL)
Flex LNG Ltd. and NGL Energy Partners LP are both Oil & Gas Midstream companies. NGL Energy Partners LP is the larger, with a market value of $1.9B against $1.7B — 1.2× the size. NGL Energy Partners LP has negative trailing earnings, so its P/E is not meaningful; Flex LNG Ltd. trades at 16.3×. NGL Energy Partners LP grew revenue faster over the last twelve months: 5.76% against 1.30%. Flex LNG Ltd. has the higher net margin (28.5% vs −9.96%) and the higher return on invested capital (5.31% vs 2.94%). Across the 20 metrics below, Flex LNG Ltd. leads on 15 and NGL Energy Partners LP on 5.
Valuation
Profitability
| Metric | FLNG | NGL | Oil & Gas Midstream median |
|---|---|---|---|
| Gross margin | 73.34% | 29.52% | 58.81% |
| Operating margin | 49.46% | 4.05% | 32.14% |
| Net margin | 28.50% | (9.96%) | 21.16% |
| Free cash flow margin | 44.42% | 2.89% | 10.15% |
| Return on equity | 14.03% | 88.77% | 11.30% |
| Return on assets | 3.96% | (8.39%) | 5.00% |
| Return on invested capital | 5.31% | 2.94% | 6.13% |
Growth
Health
Dividend
Size
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