EON Resources Inc. (EONR) vs PermRock Royalty Trust (PRT)

EON Resources Inc. and PermRock Royalty Trust are both Oil & Gas E&P companies. EON Resources Inc. and PermRock Royalty Trust are of similar size ($26.6M and $24.5M). EON Resources Inc. has negative trailing earnings, so its P/E is not meaningful; PermRock Royalty Trust trades at 15.8×. EON Resources Inc. grew revenue faster over the last twelve months: −17.9% against −41.7%. PermRock Royalty Trust has the higher net margin (78.4% vs −9.14%) and the higher return on invested capital (6.33% vs −5.24%). Across the 16 metrics below, PermRock Royalty Trust leads on 10 and EON Resources Inc. on 6.

Valuation

Metric EONR PRT Oil & Gas E&P median
P/E n/m 15.80 10.57
P/S 1.08 6.70 1.80
P/B 0.31 0.94 1.27
Price to free cash flow 0.98 n/m 9.99
EV/EBITDA n/m 9.23 5.08
EV/Sales 1.34 6.33 2.39
Earnings yield (154.78%) 6.33% 6.06%
Free cash flow yield 101.54% 0.00% 6.17%

Profitability

Metric EONR PRT Oil & Gas E&P median
Gross margin 100.00% 100.00% 80.41%
Operating margin (31.82%) 68.56% 21.39%
Net margin (9.14%) 78.37% 14.17%
Free cash flow margin 109.99% 0.00% 9.71%
Return on equity (3.70%) 5.94% 10.05%
Return on assets (1.63%) 5.77% 5.81%
Return on invested capital (5.24%) 6.33% 6.32%

Growth

Metric EONR PRT Oil & Gas E&P median
Revenue growth (TTM) (17.94%) (41.73%) 9.94%
EPS growth (last fiscal year) (55.00%) (7.14%) —
Revenue growth, 5-year CAGR — 11.79% 18.67%
Net income growth, 5-year CAGR — 19.79% 0.00%

Health

Metric EONR PRT Oil & Gas E&P median
Debt to equity 0.09 0.00 0.28
Current ratio 0.35 3.70 0.96
Net debt to EBITDA 34.24 (0.26) 0.91

Dividend

Metric EONR PRT Oil & Gas E&P median
Dividend yield — 11.00% 4.93%
Payout ratio 0.00 1.00 0.07

Size

Metric EONR PRT Oil & Gas E&P median
Market cap 26.62m 24.45m 923.59m

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