As of June 21, 2025, Tortoise Midstream Energy Fund Inc (NTG) reports a Gross Margin of 50.32%.
Gross Margin indicates the portion of sales revenue remaining after covering production costs, highlighting operational efficiency.
Historical Trend of Tortoise Midstream Energy Fund Inc's Gross Margin
Over recent years, Tortoise Midstream Energy Fund Inc's Gross Margin has shown a stable trend. The table below summarizes the historical values:
| Date | Gross Margin |
|---|---|
| 2023-11-30 | 50.32% |
| 2022-11-30 | 50.71% |
| 2021-11-30 | -14.29% |
| 2020-11-30 | 33.17% |
| 2019-11-30 | -6.26% |
This slight downward trend highlights how Tortoise Midstream Energy Fund Inc manages its operational efficiency and pricing power over time.
Comparing Tortoise Midstream Energy Fund Inc's Gross Margin to Peers
To better understand Tortoise Midstream Energy Fund Inc's position, it's useful to compare its Gross Margin against industry peers. Below are selected comparisons:
| Company | Gross Margin |
|---|---|
| Tortoise Midstream Energy Fund Inc (NTG) | 50.32% |
| New Momentum Corp (NNAX) | 100.00% |
| abrdn Asia-Pacific Income Fund VCC (FAP.TO) | 94.12% |
| Guozi Zhongyu Capital Holdings Co (GZCC) | 91.30% |
| Nuveen New York Municipal Value Fund (NNY) | 87.52% |
| Ranger Oil Corp (ROCC) | 83.94% |
Compared to its competitors, Tortoise Midstream Energy Fund Inc's Gross Margin is among the lowest compared to peers, suggesting potential challenges in production costs or pricing strategy.