EOG Resources, Inc. (EOG) vs Texas Pacific Land Corporation (TPL)

EOG Resources, Inc. and Texas Pacific Land Corporation are both Oil & Gas E&P companies. EOG Resources, Inc. is the larger, with a market value of $74.2B against $23.3B — 3.2× the size. EOG Resources, Inc. trades at the lower P/E: 10.9× against 43.5×. Texas Pacific Land Corporation grew revenue faster over the last twelve months: 20.8% against 19.1%. Texas Pacific Land Corporation has the higher net margin (60.3% vs 25.4%) and the higher return on invested capital (29.5% vs 16.0%). Both pay a dividend; EOG Resources, Inc. yields more (4.75% vs 0.88%). Across the 22 metrics below, Texas Pacific Land Corporation leads on 13 and EOG Resources, Inc. on 9.

Valuation

Metric EOG TPL Oil & Gas E&P median
P/E 10.85 43.47 10.57
P/S 2.73 26.21 1.80
P/B 2.32 14.07 1.27
Price to free cash flow 10.90 61.09 9.99
EV/EBITDA 5.59 31.44 5.08
EV/Sales 2.84 25.93 2.39
Earnings yield 9.21% 2.30% 6.06%
Free cash flow yield 9.17% 1.64% 6.17%

Profitability

Metric EOG TPL Oil & Gas E&P median
Gross margin 100.00% 100.00% 80.41%
Operating margin 32.95% 74.92% 21.39%
Net margin 25.44% 60.32% 14.17%
Free cash flow margin 25.06% 42.90% 9.71%
Return on equity 22.51% 36.57% 10.05%
Return on assets 13.61% 33.17% 5.81%
Return on invested capital 15.96% 29.52% 6.32%

Growth

Metric EOG TPL Oil & Gas E&P median
Revenue growth (TTM) 19.07% 20.82% 9.94%
EPS growth (last fiscal year) (18.93%) 6.04% —
Revenue growth, 5-year CAGR 15.46% 21.41% 18.67%
Net income growth, 5-year CAGR 0.00% 22.28% 0.00%

Health

Metric EOG TPL Oil & Gas E&P median
Debt to equity 0.25 0.00 0.28
Current ratio 1.85 10.86 0.96
Net debt to EBITDA 0.42 (0.22) 0.91

Dividend

Metric EOG TPL Oil & Gas E&P median
Dividend yield 4.75% 0.88% 4.93%
Payout ratio 0.21 0.23 0.07

Size

Metric EOG TPL Oil & Gas E&P median
Market cap 74.17b 23.28b 923.59m

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