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 $703.1M against $565.9M — 1.2× the size. TXO Partners LP grew revenue faster over the last twelve months: −1.16% against −25.5%. TXO Partners LP has the higher net margin (−20.5% vs −31.1%) and the lower return on invested capital (−6.22% vs −3.95%). Both pay a dividend; TXO Partners LP yields more (11.1% vs 4.62%). Across the 20 metrics below, TXO Partners LP leads on 12 and Vaalco Energy Inc on 8.

Valuation

Metric EGY TXO Oil & Gas E&P median
P/E n/m n/m 9.67
P/S 1.62 1.95 1.76
P/B 1.49 1.18 1.19
Price to free cash flow n/m 2.79 8.37
EV/EBITDA 11.34 15.17 4.59
EV/Sales 2.20 2.68 2.27
Earnings yield (19.59%) (11.02%) 7.55%
Free cash flow yield (23.69%) 35.83% 3.98%

Profitability

Metric EGY TXO Oil & Gas E&P median
Gross margin 100.00% 48.28% 79.54%
Operating margin (10.44%) (23.74%) 24.01%
Net margin (31.11%) (20.52%) 14.11%
Free cash flow margin (38.30%) 69.99% 7.72%
Return on equity (24.40%) (11.09%) 8.99%
Return on assets (11.26%) (5.76%) 4.63%
Return on invested capital (3.95%) (6.22%) 6.33%

Growth

Metric EGY TXO Oil & Gas E&P median
Revenue growth (TTM) (25.46%) (1.16%) 13.60%
EPS growth (last fiscal year) (171.43%) (166.15%) (10.17%)
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 0.45 0.29
Current ratio 0.44 0.63 0.92
Net debt to EBITDA 0.65 2.60 0.93

Dividend

Metric EGY TXO Oil & Gas E&P median
Dividend yield 4.62% 11.11% 3.76%
Payout ratio — — 0.33

Size

Metric EGY TXO Oil & Gas E&P median
Market cap 565.94m 703.06m 953.29m

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