First Trust New Opportunities MLP & Energy Fund Net Tangible Assets

The latest net tangible assets for FPL is $170M as of October 2023. That compares with $170M in the prior-year period — up 0.9% year over year. Investors often review this figure alongside First Trust New Opportunities MLP & Energy Fund's historical trend and sector peers before judging valuation or financial health.

Over the past year, FPL's net tangible assets moved from $170M to $170M — a 0.9% year-over-year increase. If the trend continues in the same direction for several quarters, it can signal a meaningful shift in First Trust New Opportunities MLP & Energy Fund's operating scale or balance-sheet position.

A net tangible assets figure of $170M for FPL is a snapshot of scale on that line item. On its own it does not say whether the business is healthy — you also want growth rate, margins, and how the number compares with similar companies. Explore the charts below for those layers of context.

After noting FPL's net tangible assets ($170M), review year-over-year change from $170M, peer averages, and a few neighboring metrics such as revenue, margins, or valuation multiples. That combination usually beats staring at a single figure. The navigation links on this page jump you to those related views.