Riley Exploration Permian, Inc. (REPX) vs TXO Partners LP (TXO)

Riley Exploration Permian, Inc. and TXO Partners LP are both Oil & Gas E&P companies. Riley Exploration Permian, Inc. is the larger, with a market value of $1.0B against $786.8M — 1.3× the size. TXO Partners LP has negative trailing earnings, so its P/E is not meaningful; Riley Exploration Permian, Inc. trades at 8.7×. Riley Exploration Permian, Inc. grew revenue faster over the last twelve months: 23.2% against 22.2%. Riley Exploration Permian, Inc. has the higher net margin (24.5% vs −9.23%) and the higher return on invested capital (13.2% vs −3.33%). Both pay a dividend; TXO Partners LP yields more (9.92% vs 4.15%). Across the 21 metrics below, Riley Exploration Permian, Inc. leads on 15 and TXO Partners LP on 6.

Valuation

Metric REPX TXO Oil & Gas E&P median
P/E 8.69 n/m 11.01
P/S 2.11 1.94 1.98
P/B 1.61 1.22 1.30
Price to free cash flow 19.22 65.52 10.68
EV/EBITDA 4.28 9.01 5.09
EV/Sales 2.62 2.34 2.63
Earnings yield 11.50% (5.20%) 5.78%
Free cash flow yield 5.20% 1.53% 4.91%

Profitability

Metric REPX TXO Oil & Gas E&P median
Gross margin 100.00% 53.10% 80.41%
Operating margin 38.43% (10.63%) 21.39%
Net margin 24.53% (9.23%) 14.17%
Free cash flow margin 10.96% 2.96% 8.18%
Return on equity 19.94% (5.35%) 10.05%
Return on assets 10.30% (3.26%) 5.81%
Return on invested capital 13.20% (3.33%) 6.32%

Growth

Metric REPX TXO Oil & Gas E&P median
Revenue growth (TTM) 23.16% 22.18% 9.94%
EPS growth (last fiscal year) 78.17% (166.15%) (10.50%)
Revenue growth, 5-year CAGR 164.32% 29.82% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric REPX TXO Oil & Gas E&P median
Debt to equity 0.42 0.42 0.28
Current ratio 0.45 1.05 0.96
Net debt to EBITDA 0.99 2.60 0.89

Dividend

Metric REPX TXO Oil & Gas E&P median
Dividend yield 4.15% 9.92% 3.29%
Payout ratio 0.37 — 0.35

Size

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

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