Vaalco Energy Inc (EGY) vs TXO Partners LP (TXO)

Vaalco Energy Inc and TXO Partners LP are both Oil & Gas E&P companies. TXO Partners LP is the larger, with a market value of $791.8M against $621.7M — 1.3× the size. TXO Partners LP grew revenue faster over the last twelve months: 22.2% against −25.5%. TXO Partners LP has the higher net margin (−9.23% vs −31.1%) and the higher return on invested capital (−3.33% vs −3.95%). Both pay a dividend; TXO Partners LP yields more (11.0% vs 6.65%). Across the 20 metrics below, TXO Partners LP leads on 14 and Vaalco Energy Inc on 6.

Valuation

Metric EGY TXO Oil & Gas E&P median
P/E n/m n/m 10.57
P/S 1.74 1.96 1.80
P/B 1.60 1.23 1.27
Price to free cash flow n/m 66.02 9.99
EV/EBITDA 12.06 9.07 5.08
EV/Sales 2.34 2.36 2.39
Earnings yield (18.21%) (5.16%) 6.06%
Free cash flow yield (22.02%) 1.51% 6.17%

Profitability

Metric EGY TXO Oil & Gas E&P median
Gross margin 100.00% 53.10% 80.41%
Operating margin (10.44%) (10.63%) 21.39%
Net margin (31.11%) (9.23%) 14.17%
Free cash flow margin (38.30%) 2.96% 9.71%
Return on equity (24.40%) (5.35%) 10.05%
Return on assets (11.26%) (3.26%) 5.81%
Return on invested capital (3.95%) (3.33%) 6.32%

Growth

Metric EGY TXO Oil & Gas E&P median
Revenue growth (TTM) (25.46%) 22.18% 9.94%
EPS growth (last fiscal year) (171.43%) (166.15%) —
Revenue growth, 5-year CAGR 39.84% 29.82% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric EGY TXO Oil & Gas E&P median
Debt to equity 0.60 0.42 0.28
Current ratio 0.44 1.05 0.96
Net debt to EBITDA 0.65 2.60 0.91

Dividend

Metric EGY TXO Oil & Gas E&P median
Dividend yield 6.65% 10.97% 4.93%
Payout ratio 0.51 — 0.07

Size

Metric EGY TXO Oil & Gas E&P median
Market cap 621.68m 791.77m 923.59m

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