TXO Partners LP (TXO) vs W&T Offshore, Inc. (WTI)

TXO Partners LP and W&T Offshore, Inc. are both Oil & Gas E&P companies. TXO Partners LP is the larger, with a market value of $786.8M against $552.5M — 1.4× the size. TXO Partners LP grew revenue faster over the last twelve months: 22.2% against 13.8%. TXO Partners LP has the higher net margin (−9.23% vs −19.3%) and the lower return on invested capital (−3.33% vs 74.1%). Both pay a dividend; TXO Partners LP yields more (9.92% vs 1.04%). Across the 20 metrics below, W&T Offshore, Inc. leads on 13 and TXO Partners LP on 7.

Valuation

Metric TXO WTI Oil & Gas E&P median
P/E n/m n/m 11.01
P/S 1.94 1.02 1.98
P/B 1.22 n/m 1.30
Price to free cash flow 65.52 15.16 10.68
EV/EBITDA 9.01 5.09 5.09
EV/Sales 2.34 1.38 2.63
Earnings yield (5.20%) (19.06%) 5.78%
Free cash flow yield 1.53% 6.60% 4.91%

Profitability

Metric TXO WTI Oil & Gas E&P median
Gross margin 53.10% 43.34% 80.41%
Operating margin (10.63%) 0.99% 21.39%
Net margin (9.23%) (19.32%) 14.17%
Free cash flow margin 2.96% 6.73% 8.18%
Return on equity (5.35%) 72.64% 10.05%
Return on assets (3.26%) (10.95%) 5.81%
Return on invested capital (3.33%) 74.05% 6.32%

Growth

Metric TXO WTI Oil & Gas E&P median
Revenue growth (TTM) 22.18% 13.75% 9.94%
EPS growth (last fiscal year) (166.15%) (71.19%) (10.50%)
Revenue growth, 5-year CAGR 29.82% 7.66% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric TXO WTI Oil & Gas E&P median
Debt to equity 0.42 (1.79) 0.28
Current ratio 1.05 1.17 0.96
Net debt to EBITDA 2.60 2.09 0.89

Dividend

Metric TXO WTI Oil & Gas E&P median
Dividend yield 9.92% 1.04% 3.29%
Payout ratio — — 0.35

Size

Metric TXO WTI Oil & Gas E&P median
Market cap 786.78m 552.45m 1.04b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack