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 $791.8M against $598.8M — 1.3× 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 (11.0% vs 8.01%). Across the 20 metrics below, Granite Ridge Resources, Inc. leads on 14 and TXO Partners LP on 6.

Valuation

Metric GRNT TXO Oil & Gas E&P median
P/E n/m n/m 10.57
P/S 1.17 1.96 1.80
P/B 1.03 1.23 1.27
Price to free cash flow n/m 66.02 9.99
EV/EBITDA 3.80 9.07 5.08
EV/Sales 2.01 2.36 2.39
Earnings yield (4.73%) (5.16%) 6.06%
Free cash flow yield (17.37%) 1.51% 6.17%

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% 9.71%
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%) —
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 0.91

Dividend

Metric GRNT TXO Oil & Gas E&P median
Dividend yield 8.01% 10.97% 4.93%
Payout ratio 0.00 — 0.07

Size

Metric GRNT TXO Oil & Gas E&P median
Market cap 598.83m 791.77m 923.59m

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