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

Geopark Ltd and TXO Partners LP are both Oil & Gas E&P companies. TXO Partners LP is the larger, with a market value of $703.1M against $592.5M — 1.2× the size. TXO Partners LP has negative trailing earnings, so its P/E is not meaningful; Geopark Ltd trades at 6.1×. TXO Partners LP grew revenue faster over the last twelve months: −1.16% against −9.51%. Geopark Ltd has the higher net margin (16.0% vs −20.5%) and the higher return on invested capital (14.0% vs −6.22%). Both pay a dividend; TXO Partners LP yields more (11.1% vs 1.16%). Across the 21 metrics below, Geopark Ltd leads on 13 and TXO Partners LP on 8.

Valuation

Metric GPRK TXO Oil & Gas E&P median
P/E 6.15 n/m 9.67
P/S 1.15 1.95 1.76
P/B 1.60 1.18 1.19
Price to free cash flow 4.52 2.79 8.37
EV/EBITDA 3.40 15.17 4.59
EV/Sales 1.77 2.68 2.27
Earnings yield 16.27% (11.02%) 7.55%
Free cash flow yield 22.15% 35.83% 3.98%

Profitability

Metric GPRK TXO Oil & Gas E&P median
Gross margin 67.71% 48.28% 79.54%
Operating margin 29.94% (23.74%) 24.01%
Net margin 16.00% (20.52%) 14.11%
Free cash flow margin 25.47% 69.99% 7.72%
Return on equity 28.57% (11.09%) 8.99%
Return on assets 6.88% (5.76%) 4.63%
Return on invested capital 13.99% (6.22%) 6.33%

Growth

Metric GPRK TXO Oil & Gas E&P median
Revenue growth (TTM) (9.51%) (1.16%) 13.60%
EPS growth (last fiscal year) (48.37%) (166.15%) (10.17%)
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 0.45 0.29
Current ratio 1.17 0.63 0.92
Net debt to EBITDA 1.88 2.60 0.93

Dividend

Metric GPRK TXO Oil & Gas E&P median
Dividend yield 1.16% 11.11% 3.76%
Payout ratio 0.07 — 0.33

Size

Metric GPRK TXO Oil & Gas E&P median
Market cap 592.50m 703.06m 953.29m

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