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 $23.3B against $20.1B — 1.2× the size. Expand Energy Corporation trades at the lower P/E: 7.5× against 43.5×. 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%). Both pay a dividend; Expand Energy Corporation yields more (3.86% vs 0.88%). Across the 23 metrics below, Texas Pacific Land Corporation leads on 12 and Expand Energy Corporation on 11.

Valuation

Metric EXE TPL Oil & Gas E&P median
P/E 7.46 43.47 10.57
P/S 1.52 26.21 1.80
P/B 1.07 14.07 1.27
Price to free cash flow 8.03 61.09 9.99
EV/EBITDA 3.81 31.44 5.08
EV/Sales 1.80 25.93 2.39
Earnings yield 13.40% 2.30% 6.06%
Free cash flow yield 12.45% 1.64% 6.17%

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% 9.71%
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% —
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) 0.91

Dividend

Metric EXE TPL Oil & Gas E&P median
Dividend yield 3.86% 0.88% 4.93%
Payout ratio 0.19 0.23 0.07

Size

Metric EXE TPL Oil & Gas E&P median
Market cap 20.07b 23.28b 923.59m

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