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 $786.8M against $632.2M — 1.2× 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 (9.92% vs 4.03%). Across the 20 metrics below, TXO Partners LP leads on 15 and Vaalco Energy Inc on 5.

Valuation

Metric EGY TXO Oil & Gas E&P median
P/E n/m n/m 11.01
P/S 1.85 1.94 1.98
P/B 1.70 1.22 1.30
Price to free cash flow n/m 65.52 10.68
EV/EBITDA 12.56 9.01 5.09
EV/Sales 2.43 2.34 2.63
Earnings yield (17.10%) (5.20%) 5.78%
Free cash flow yield (20.67%) 1.53% 4.91%

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% 8.18%
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%) (10.50%)
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 0.89

Dividend

Metric EGY TXO Oil & Gas E&P median
Dividend yield 4.03% 9.92% 3.29%
Payout ratio — — 0.35

Size

Metric EGY TXO Oil & Gas E&P median
Market cap 632.20m 786.78m 1.04b

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