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 $888.8M against $703.1M — 1.3× the size. TXO Partners LP has negative trailing earnings, so its P/E is not meaningful; Riley Exploration Permian, Inc. trades at 8.5×. Riley Exploration Permian, Inc. grew revenue faster over the last twelve months: 45.5% against −1.16%. Riley Exploration Permian, Inc. has the higher net margin (17.3% vs −20.5%) and the higher return on invested capital (19.6% vs −6.22%). Both pay a dividend; TXO Partners LP yields more (11.1% vs 4.02%). 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 8.54 n/m 9.67
P/S 1.46 1.95 1.76
P/B 1.35 1.18 1.19
Price to free cash flow 8.39 2.79 8.37
EV/EBITDA 3.58 15.17 4.59
EV/Sales 1.83 2.68 2.27
Earnings yield 11.71% (11.02%) 7.55%
Free cash flow yield 11.92% 35.83% 3.98%

Profitability

Metric REPX TXO Oil & Gas E&P median
Gross margin 100.00% 48.28% 79.54%
Operating margin 45.62% (23.74%) 24.01%
Net margin 17.28% (20.52%) 14.11%
Free cash flow margin 49.61% 69.99% 7.72%
Return on equity 16.76% (11.09%) 8.99%
Return on assets 7.96% (5.76%) 4.63%
Return on invested capital 19.63% (6.22%) 6.33%

Growth

Metric REPX TXO Oil & Gas E&P median
Revenue growth (TTM) 45.50% (1.16%) 13.60%
EPS growth (last fiscal year) 78.17% (166.15%) (10.17%)
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 0.38 0.45 0.29
Current ratio 0.41 0.63 0.92
Net debt to EBITDA 0.99 2.60 0.93

Dividend

Metric REPX TXO Oil & Gas E&P median
Dividend yield 4.02% 11.11% 3.76%
Payout ratio 0.35 — 0.33

Size

Metric REPX TXO Oil & Gas E&P median
Market cap 888.81m 703.06m 953.29m

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