EQT Corporation (EQT) vs Texas Pacific Land Corporation (TPL)

EQT Corporation and Texas Pacific Land Corporation are both Oil & Gas E&P companies. EQT Corporation is the larger, with a market value of $31.7B against $18.8B — 1.7× the size. EQT Corporation trades at the lower P/E: 12.0× against 32.3×. Texas Pacific Land Corporation grew revenue faster over the last twelve months: 25.3% against 18.6%. Texas Pacific Land Corporation has the higher net margin (60.7% vs 28.4%) and the higher return on invested capital (31.9% vs 7.08%). Both pay a dividend; EQT Corporation yields more (1.31% vs 0.85%). Across the 23 metrics below, EQT Corporation leads on 12 and Texas Pacific Land Corporation on 11.

Valuation

Metric EQT TPL Oil & Gas E&P median
P/E 11.96 32.34 9.67
P/S 3.40 19.63 1.76
P/B 1.10 10.54 1.19
Price to free cash flow 8.35 44.94 8.37
EV/EBITDA 5.70 23.09 4.59
EV/Sales 4.00 19.25 2.27
Earnings yield 8.36% 3.09% 7.55%
Free cash flow yield 11.98% 2.23% 3.98%

Profitability

Metric EQT TPL Oil & Gas E&P median
Gross margin 78.89% 100.00% 79.54%
Operating margin 41.78% 75.55% 24.01%
Net margin 28.40% 60.71% 14.11%
Free cash flow margin 40.78% 66.22% 7.72%
Return on equity 9.51% 37.07% 8.99%
Return on assets 6.42% 33.45% 4.63%
Return on invested capital 7.08% 31.90% 6.33%

Growth

Metric EQT TPL Oil & Gas E&P median
Revenue growth (TTM) 18.61% 25.30% 13.60%
EPS growth (last fiscal year) 635.56% 6.04% (10.17%)
Revenue growth, 5-year CAGR 23.09% 21.41% 18.67%
Net income growth, 5-year CAGR 0.00% 22.28% 0.00%

Health

Metric EQT TPL Oil & Gas E&P median
Debt to equity 0.19 0.00 0.29
Current ratio 0.71 0.00 0.92
Net debt to EBITDA 1.31 (0.22) 0.93

Dividend

Metric EQT TPL Oil & Gas E&P median
Dividend yield 1.31% 0.85% 3.76%
Payout ratio 0.16 0.27 0.33

Size

Metric EQT TPL Oil & Gas E&P median
Market cap 31.67b 18.77b 953.29m

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