BP Prudhoe Bay Royalty Trust (BPT) vs Robin Energy Ltd. (RBNE)

BP Prudhoe Bay Royalty Trust and Robin Energy Ltd. are both Oil & Gas Midstream companies. BP Prudhoe Bay Royalty Trust is the larger, with a market value of $10.7M against $2.6M — 4.2× the size. BP Prudhoe Bay Royalty Trust has negative trailing earnings, so its P/E is not meaningful; Robin Energy Ltd. trades at 0.1×. Robin Energy Ltd. has the higher net margin (35.9% vs 0.00%) and the higher return on invested capital (42.7% vs 0.00%). Across the 15 metrics below, Robin Energy Ltd. leads on 11 and BP Prudhoe Bay Royalty Trust on 4.

Valuation

Metric BPT RBNE Oil & Gas Midstream median
P/E n/m 0.08 12.77
P/S 0.04 0.03 2.36
P/B 1.07 0.01 2.09
Price to free cash flow n/m n/m 9.71
EV/EBITDA 0.08 n/m 8.30
EV/Sales 0.00 (2.66) 3.88
Earnings yield (47.43%) 1,276.99% 7.15%
Free cash flow yield 0.00% (6,210.75%) 6.86%

Profitability

Metric BPT RBNE Oil & Gas Midstream median
Gross margin 100.00% 54.90% 56.58%
Operating margin 0.00% 53.19% 34.18%
Net margin 0.00% 35.85% 22.50%
Free cash flow margin 0.00% (167.93%) 13.70%
Return on equity (51.70%) 14.65% 14.65%
Return on assets (47.24%) 8.04% 5.00%
Return on invested capital 0.00% 42.67% 6.13%

Growth

Metric BPT RBNE Oil & Gas Midstream median
Revenue growth (TTM) 242.63% — 15.60%
EPS growth (last fiscal year) (117.80%) (242.96%) (7.86%)
Revenue growth, 5-year CAGR (43.41%) — 9.59%
Net income growth, 5-year CAGR (43.77%) — 0.00%

Health

Metric BPT RBNE Oil & Gas Midstream median
Debt to equity 0.00 0.00 0.78
Current ratio 9.59 13.18 1.19
Net debt to EBITDA 3.02 (3.34) 3.42

Dividend

Metric BPT RBNE Oil & Gas Midstream median
Dividend yield — — 4.54%
Payout ratio — — 0.76

Size

Metric BPT RBNE Oil & Gas Midstream median
Market cap 10.74m 2.58m 3.73b

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