HighPeak Energy, Inc. (HPK) vs TXO Partners LP (TXO)

HighPeak Energy, Inc. and TXO Partners LP are both Oil & Gas E&P companies. HighPeak Energy, Inc. is the larger, with a market value of $975.0M against $791.8M — 1.2× the size. TXO Partners LP grew revenue faster over the last twelve months: 22.2% against −17.3%. TXO Partners LP has the higher net margin (−9.23% vs −10.3%) and the lower return on invested capital (−3.33% vs 3.19%). Both pay a dividend; TXO Partners LP yields more (11.0% vs 0.53%). Across the 20 metrics below, HighPeak Energy, Inc. leads on 11 and TXO Partners LP on 9.

Valuation

Metric HPK TXO Oil & Gas E&P median
P/E n/m n/m 10.57
P/S 1.10 1.96 1.80
P/B 0.61 1.23 1.27
Price to free cash flow n/m 66.02 9.99
EV/EBITDA 3.47 9.07 5.08
EV/Sales 2.31 2.36 2.39
Earnings yield (10.26%) (5.16%) 6.06%
Free cash flow yield (0.83%) 1.51% 6.17%

Profitability

Metric HPK TXO Oil & Gas E&P median
Gross margin 80.16% 53.10% 80.41%
Operating margin 15.35% (10.63%) 21.39%
Net margin (10.28%) (9.23%) 14.17%
Free cash flow margin (0.91%) 2.96% 9.71%
Return on equity (5.54%) (5.35%) 10.05%
Return on assets (2.83%) (3.26%) 5.81%
Return on invested capital 3.19% (3.33%) 6.32%

Growth

Metric HPK TXO Oil & Gas E&P median
Revenue growth (TTM) (17.26%) 22.18% 9.94%
EPS growth (last fiscal year) (79.10%) (166.15%) —
Revenue growth, 5-year CAGR 103.69% 29.82% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HPK TXO Oil & Gas E&P median
Debt to equity 0.77 0.42 0.28
Current ratio 0.87 1.05 0.96
Net debt to EBITDA 1.77 2.60 0.91

Dividend

Metric HPK TXO Oil & Gas E&P median
Dividend yield 0.53% 10.97% 4.93%
Payout ratio 0.05 — 0.07

Size

Metric HPK TXO Oil & Gas E&P median
Market cap 974.95m 791.77m 923.59m

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