Granite Ridge Resources, Inc. (GRNT) vs TXO Partners LP (TXO)

Granite Ridge Resources, Inc. 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 $616.0M — 1.1× the size. Granite Ridge Resources, Inc. grew revenue faster over the last twelve months: 24.2% against −1.16%. Granite Ridge Resources, Inc. has the higher net margin (−9.31% vs −20.5%) and the higher return on invested capital (4.80% vs −6.22%). Both pay a dividend; TXO Partners LP yields more (11.1% vs 9.42%). Across the 20 metrics below, Granite Ridge Resources, Inc. leads on 16 and TXO Partners LP on 4.

Valuation

Metric GRNT TXO Oil & Gas E&P median
P/E n/m n/m 9.67
P/S 1.09 1.95 1.76
P/B 1.13 1.18 1.19
Price to free cash flow n/m 2.79 8.37
EV/EBITDA 3.29 15.17 4.59
EV/Sales 1.83 2.68 2.27
Earnings yield (8.57%) (11.02%) 7.55%
Free cash flow yield (14.89%) 35.83% 3.98%

Profitability

Metric GRNT TXO Oil & Gas E&P median
Gross margin 100.00% 48.28% 79.54%
Operating margin 13.69% (23.74%) 24.01%
Net margin (9.31%) (20.52%) 14.11%
Free cash flow margin 47.50% 69.99% 7.72%
Return on equity (8.81%) (11.09%) 8.99%
Return on assets (4.37%) (5.76%) 4.63%
Return on invested capital 4.80% (6.22%) 6.33%

Growth

Metric GRNT TXO Oil & Gas E&P median
Revenue growth (TTM) 24.18% (1.16%) 13.60%
EPS growth (last fiscal year) 28.57% (166.15%) (10.17%)
Revenue growth, 5-year CAGR 38.90% 29.82% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GRNT TXO Oil & Gas E&P median
Debt to equity 0.85 0.45 0.29
Current ratio 0.90 0.63 0.92
Net debt to EBITDA 1.36 2.60 0.93

Dividend

Metric GRNT TXO Oil & Gas E&P median
Dividend yield 9.42% 11.11% 3.76%
Payout ratio — — 0.33

Size

Metric GRNT TXO Oil & Gas E&P median
Market cap 615.98m 703.06m 953.29m

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