Expand Energy Corporation (EXE) vs Texas Pacific Land Corporation (TPL)

Expand Energy Corporation and Texas Pacific Land Corporation are both Oil & Gas E&P companies. Texas Pacific Land Corporation is the larger, with a market value of $23.9B against $21.0B — 1.1× the size. Expand Energy Corporation trades at the lower P/E: 8.0× against 44.7×. Expand Energy Corporation grew revenue faster over the last twelve months: 59.3% against 20.8%. Texas Pacific Land Corporation has the higher net margin (60.3% vs 20.5%) and the higher return on invested capital (29.5% vs 10.3%). Only Texas Pacific Land Corporation pays a dividend (0.67%). Across the 23 metrics below, Texas Pacific Land Corporation leads on 13 and Expand Energy Corporation on 10.

Valuation

Metric EXE TPL Oil & Gas E&P median
P/E 8.02 44.70 11.01
P/S 1.64 26.95 1.98
P/B 1.15 14.47 1.30
Price to free cash flow 8.64 62.82 10.68
EV/EBITDA 4.06 32.34 5.09
EV/Sales 1.92 26.68 2.63
Earnings yield 12.46% 2.24% 5.78%
Free cash flow yield 11.57% 1.59% 4.91%

Profitability

Metric EXE TPL Oil & Gas E&P median
Gross margin 80.66% 100.00% 80.41%
Operating margin 26.94% 74.92% 21.39%
Net margin 20.46% 60.32% 14.17%
Free cash flow margin 18.94% 42.90% 8.18%
Return on equity 14.89% 36.57% 10.05%
Return on assets 9.97% 33.17% 5.81%
Return on invested capital 10.25% 29.52% 6.32%

Growth

Metric EXE TPL Oil & Gas E&P median
Revenue growth (TTM) 59.29% 20.82% 9.94%
EPS growth (last fiscal year) 266.37% 6.04% (10.50%)
Revenue growth, 5-year CAGR 18.27% 21.41% 18.67%
Net income growth, 5-year CAGR 0.00% 22.28% 0.00%

Health

Metric EXE TPL Oil & Gas E&P median
Debt to equity 0.19 0.00 0.28
Current ratio 0.96 10.86 0.96
Net debt to EBITDA 0.82 (0.22) 0.89

Dividend

Metric EXE TPL Oil & Gas E&P median
Dividend yield 0.00% 0.67% 3.29%
Payout ratio 0.00 0.30 0.35

Size

Metric EXE TPL Oil & Gas E&P median
Market cap 21.02b 23.90b 1.04b

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