Cross Timbers Royalty Trust (CRT) vs Empire Petroleum Corporation (EP)

Cross Timbers Royalty Trust and Empire Petroleum Corporation are both Oil & Gas E&P companies. Empire Petroleum Corporation is the larger, with a market value of $136.0M against $77.2M — 1.8× the size. Empire Petroleum Corporation has negative trailing earnings, so its P/E is not meaningful; Cross Timbers Royalty Trust trades at 24.2×. Empire Petroleum Corporation grew revenue faster over the last twelve months: −20.8% against −22.4%. Cross Timbers Royalty Trust has the higher net margin (25.3% vs −229.6%) and the higher return on invested capital (877.3% vs −225.0%). Across the 19 metrics below, Cross Timbers Royalty Trust leads on 13 and Empire Petroleum Corporation on 6.

Valuation

Metric CRT EP Oil & Gas E&P median
P/E 24.15 n/m 11.01
P/S 6.11 4.29 1.98
P/B 36.71 18.22 1.30
Price to free cash flow n/m n/m 10.68
EV/EBITDA 16.11 n/m 5.09
EV/Sales 5.97 4.68 2.63
Earnings yield 4.14% (63.47%) 5.78%
Free cash flow yield 0.00% (8.55%) 4.91%

Profitability

Metric CRT EP Oil & Gas E&P median
Gross margin 38.72% 25.08% 80.41%
Operating margin 37.08% (224.05%) 21.39%
Net margin 25.30% (229.58%) 14.17%
Free cash flow margin 0.00% (36.72%) 8.18%
Return on equity 145.08% (230.66%) 10.05%
Return on assets 84.63% (69.31%) 5.81%
Return on invested capital 877.28% (224.98%) 6.32%

Growth

Metric CRT EP Oil & Gas E&P median
Revenue growth (TTM) (22.38%) (20.82%) 9.94%
EPS growth (last fiscal year) (21.05%) (292.59%) (10.50%)
Revenue growth, 5-year CAGR 5.24% 34.65% 18.67%
Net income growth, 5-year CAGR (0.80%) 0.00% 0.00%

Health

Metric CRT EP Oil & Gas E&P median
Debt to equity 0.00 2.07 0.28
Current ratio 1.00 0.42 0.96
Net debt to EBITDA (0.35) (0.25) 0.89

Dividend

Metric CRT EP Oil & Gas E&P median
Dividend yield 5.06% — 3.29%
Payout ratio 1.22 — 0.35

Size

Metric CRT EP Oil & Gas E&P median
Market cap 77.16m 136.04m 1.04b

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