NGL Energy Partners LP (NGL)

[RyGuy]

Here is the Alerian MLP screener with information as of January 28th.

https://www.alerian.com/education/mlp-screener/

When looking at the screener, you can filter the industry segments. NGL is listed in the Pipeline Transportion segment. Below are all of the K-1 issuing MLP's that are in Pipeline Transportation.

The closest comparable that I can see in the Pipeline Transportation segment is PAA Plains All American Pipeline, and Plains GP Holdings. But Plains GP holdings is 1099 issuing partnership, not a K-1 issuing. Yet, NGL is still far undervalued in comparison.

https://finance.yahoo.com/quote/NGL/key-statistics?p=NGL

https://finance.yahoo.com/quote/TCP/key-statistics?p=TCP
https://finance.yahoo.com/quote/SHLX/key-statistics?p=SHLX
https://finance.yahoo.com/quote/PSXP/key-statistics?p=PSXP
https://finance.yahoo.com/quote/PBFX/key-statistics?p=PBFX
https://finance.yahoo.com/quote/PAA/key-statistics?p=PAA
https://finance.yahoo.com/quote/NS/key-statistics?p=NS
https://finance.yahoo.com/quote/MMP/key-statistics?p=MMP
https://finance.yahoo.com/quote/HEP/key-statistics?p=HEP
https://finance.yahoo.com/quote/GEL/key-statistics?p=GEL
https://finance.yahoo.com/quote/ET/key-statistics?p=ET
https://finance.yahoo.com/quote/EQM/key-statistics?p=EQM
https://finance.yahoo.com/quote/EPD/key-statistics?p=EPD
https://finance.yahoo.com/quote/DKL/key-statistics?p=DKL
https://finance.yahoo.com/quote/BPMP/key-statistics?p=BPMP
https://finance.yahoo.com/quote/BPL/key-statistics?p=BPL
https://finance.yahoo.com/quote/ANDX/key-statistics?p=ANDX

Here is a list of Fortune 500 companies. Based on Revenue there is only two MLP's larger than NGL.

http://fortune.com/fortune500/

105 - Enterprise Products Partners
115 - Plains GP Holdings
223 - NGL

Plains GP Holdings probably the most likely comparable MLP in general. Yet NGL is still undervalued in comparison by a factor or 2-3 times.

https://finance.yahoo.com/quote/PAGP/key-statistics?p=PAGP