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 $786.8M against $671.4M — 1.2× the size. TXO Partners LP grew revenue faster over the last twelve months: 22.2% against 14.6%. Granite Ridge Resources, Inc. has the higher net margin (−5.56% vs −9.23%) and the higher return on invested capital (2.36% vs −3.33%). Both pay a dividend; TXO Partners LP yields more (9.92% vs 8.07%). Across the 20 metrics below, Granite Ridge Resources, Inc. leads on 13 and TXO Partners LP on 7.

Valuation

Metric GRNT TXO Oil & Gas E&P median
P/E n/m n/m 11.01
P/S 1.44 1.94 1.98
P/B 1.27 1.22 1.30
Price to free cash flow n/m 65.52 10.68
EV/EBITDA 4.31 9.01 5.09
EV/Sales 2.28 2.34 2.63
Earnings yield (3.85%) (5.20%) 5.78%
Free cash flow yield (14.15%) 1.53% 4.91%

Profitability

Metric GRNT TXO Oil & Gas E&P median
Gross margin 100.00% 53.10% 80.41%
Operating margin 7.47% (10.63%) 21.39%
Net margin (5.56%) (9.23%) 14.17%
Free cash flow margin (20.35%) 2.96% 8.18%
Return on equity (4.58%) (5.35%) 10.05%
Return on assets (2.35%) (3.26%) 5.81%
Return on invested capital 2.36% (3.33%) 6.32%

Growth

Metric GRNT TXO Oil & Gas E&P median
Revenue growth (TTM) 14.60% 22.18% 9.94%
EPS growth (last fiscal year) 28.57% (166.15%) (10.50%)
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 0.82 0.42 0.28
Current ratio 1.02 1.05 0.96
Net debt to EBITDA 1.36 2.60 0.89

Dividend

Metric GRNT TXO Oil & Gas E&P median
Dividend yield 8.07% 9.92% 3.29%
Payout ratio — — 0.35

Size

Metric GRNT TXO Oil & Gas E&P median
Market cap 671.38m 786.78m 1.04b

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