Geopark Ltd (GPRK) vs TXO Partners LP (TXO)

Geopark Ltd and TXO Partners LP are both Oil & Gas E&P companies. Geopark Ltd and TXO Partners LP are of similar size ($791.8M and $735.9M). TXO Partners LP has negative trailing earnings, so its P/E is not meaningful; Geopark Ltd trades at 7.6×. TXO Partners LP grew revenue faster over the last twelve months: 22.2% against −9.51%. Geopark Ltd has the higher net margin (16.0% vs −9.23%) and the higher return on invested capital (14.0% vs −3.33%). Both pay a dividend; TXO Partners LP yields more (11.0% vs 6.18%). Across the 21 metrics below, Geopark Ltd leads on 16 and TXO Partners LP on 5.

Valuation

Metric GPRK TXO Oil & Gas E&P median
P/E 7.55 n/m 10.57
P/S 1.41 1.96 1.80
P/B 1.96 1.23 1.27
Price to free cash flow 5.55 66.02 9.99
EV/EBITDA 3.90 9.07 5.08
EV/Sales 2.03 2.36 2.39
Earnings yield 13.24% (5.16%) 6.06%
Free cash flow yield 18.03% 1.51% 6.17%

Profitability

Metric GPRK TXO Oil & Gas E&P median
Gross margin 67.71% 53.10% 80.41%
Operating margin 29.94% (10.63%) 21.39%
Net margin 16.00% (9.23%) 14.17%
Free cash flow margin 25.47% 2.96% 9.71%
Return on equity 28.57% (5.35%) 10.05%
Return on assets 6.88% (3.26%) 5.81%
Return on invested capital 13.99% (3.33%) 6.32%

Growth

Metric GPRK TXO Oil & Gas E&P median
Revenue growth (TTM) (9.51%) 22.18% 9.94%
EPS growth (last fiscal year) (48.37%) (166.15%) —
Revenue growth, 5-year CAGR 4.58% 29.82% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GPRK TXO Oil & Gas E&P median
Debt to equity 1.74 0.42 0.28
Current ratio 1.17 1.05 0.96
Net debt to EBITDA 1.88 2.60 0.91

Dividend

Metric GPRK TXO Oil & Gas E&P median
Dividend yield 6.18% 10.97% 4.93%
Payout ratio 0.16 — 0.07

Size

Metric GPRK TXO Oil & Gas E&P median
Market cap 735.92m 791.77m 923.59m

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