TXO Partners LP (TXO) vs Vitesse Energy, Inc. (VTS)

TXO Partners LP and Vitesse Energy, Inc. are both Oil & Gas E&P companies. TXO Partners LP is the larger, with a market value of $791.8M against $717.9M — 1.1× the size. TXO Partners LP grew revenue faster over the last twelve months: 22.2% against 8.52%. Vitesse Energy, Inc. has the higher net margin (−3.95% vs −9.23%) and the higher return on invested capital (1.59% vs −3.33%). Both pay a dividend; TXO Partners LP yields more (11.0% vs 9.90%). Across the 22 metrics below, Vitesse Energy, Inc. leads on 17 and TXO Partners LP on 5.

Valuation

Metric TXO VTS Oil & Gas E&P median
P/E n/m n/m 10.57
P/S 1.96 2.48 1.80
P/B 1.23 1.13 1.27
Price to free cash flow 66.02 19.90 9.99
EV/EBITDA 9.07 5.56 5.08
EV/Sales 2.36 3.03 2.39
Earnings yield (5.16%) (1.85%) 6.06%
Free cash flow yield 1.51% 5.02% 6.17%

Profitability

Metric TXO VTS Oil & Gas E&P median
Gross margin 53.10% 97.81% 80.41%
Operating margin (10.63%) 6.99% 21.39%
Net margin (9.23%) (3.95%) 14.17%
Free cash flow margin 2.96% 12.44% 9.71%
Return on equity (5.35%) (1.74%) 10.05%
Return on assets (3.26%) (1.20%) 5.81%
Return on invested capital (3.33%) 1.59% 6.32%

Growth

Metric TXO VTS Oil & Gas E&P median
Revenue growth (TTM) 22.18% 8.52% 9.94%
EPS growth (last fiscal year) (166.15%) 0.00% —
Revenue growth, 5-year CAGR 29.82% 8.15% 18.67%
Net income growth, 5-year CAGR 0.00% 6.89% 0.00%

Health

Metric TXO VTS Oil & Gas E&P median
Debt to equity 0.42 0.25 0.28
Current ratio 1.05 1.06 0.96
Net debt to EBITDA 2.60 0.84 0.91

Dividend

Metric TXO VTS Oil & Gas E&P median
Dividend yield 10.97% 9.90% 4.93%
Payout ratio — — 0.07

Size

Metric TXO VTS Oil & Gas E&P median
Market cap 791.77m 717.88m 923.59m

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