Comprehensive Stock Comparison
Compare TXO Partners, L.P. (TXO) vs PrimeEnergy Resources Corporation (PNRG) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | PNRG | 90.0% revenue growth vs TXO's -25.7% |
| Value | TXO | Lower P/E (25.0x vs 35.7x) |
| Quality / Margins | PNRG | 12.9% net margin vs TXO's 4.6% |
| Stability / Safety | TXO | Beta 0.46 vs PNRG's 1.40 |
| Dividends | TXO | 18.9% yield; 5-year raise streak; PNRG pays no meaningful dividend |
| Momentum (1Y) | PNRG | +1.5% vs TXO's -25.5% |
| Efficiency (ROA) | PNRG | 7.6% ROA vs TXO's 1.2%, ROIC 28.5% vs -0.8% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
TXO Partners is a conventional oil and gas partnership that acquires, develops, and exploits mature producing properties in North American basins. It generates revenue primarily from oil and natural gas liquids production — roughly 60% from oil and 40% from natural gas — through its working interests in established fields like the San Juan and Permian Basins. The partnership's competitive advantage lies in its focus on low-decline, conventional assets with predictable cash flows and its operational expertise in optimizing mature fields.
PrimeEnergy Resources Corporation is an independent oil and natural gas company that acquires, develops, and produces oil and gas properties primarily in Oklahoma and Texas. It generates revenue through oil and gas production from its operated wells — approximately 710 active wells — and non-operating interests in about 822 additional wells, supplemented by contract services for third-party drilling operations. The company's competitive advantage lies in its established operational footprint in prolific basins and its dual revenue model combining production with well-servicing capabilities.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
PNRG leads in 4 of 6 categories (Financial Metrics, Valuation Metrics). TXO leads in 1 (Analyst Outlook). 1 tied.
Financial Metrics (TTM)
TXO is the larger business by revenue, generating $364M annually — 1.9x PNRG's $196M. PNRG is the more profitable business, keeping 12.9% of every revenue dollar as net income compared to TXO's 4.6%. On growth, TXO holds the edge at +46.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | TXOTXO Partners, L.P. | PNRGPrimeEnergy Resou… |
|---|---|---|
| RevenueTrailing 12 months | $364M | $196M |
| EBITDAEarnings before interest/tax | $95M | $120M |
| Net IncomeAfter-tax profit | $17M | $25M |
| Free Cash FlowCash after capex | -$146M | $20M |
| Gross MarginGross profit ÷ Revenue | +35.3% | +25.4% |
| Operating MarginEBIT ÷ Revenue | +0.5% | +16.8% |
| Net MarginNet income ÷ Revenue | +4.6% | +12.9% |
| FCF MarginFCF ÷ Revenue | -40.1% | +10.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +46.8% | -33.0% |
| EPS Growth (YoY)Latest quarter vs prior year | — | -50.2% |
Valuation Metrics
At 9.1x trailing earnings, PNRG trades at a 53% valuation discount to TXO's 19.3x P/E. On an enterprise value basis, PNRG's 2.3x EV/EBITDA is more attractive than TXO's 14.6x.
| Metric | TXOTXO Partners, L.P. | PNRGPrimeEnergy Resou… |
|---|---|---|
| Market CapShares × price | $686M | $327M |
| Enterprise ValueMkt cap + debt − cash | $836M | $332M |
| Trailing P/EPrice ÷ TTM EPS | 19.26x | 9.06x |
| Forward P/EPrice ÷ next-FY EPS est. | 25.04x | 35.71x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.12x |
| EV / EBITDAEnterprise value multiple | 14.62x | 2.28x |
| Price / SalesMarket cap ÷ Revenue | 2.43x | 1.40x |
| Price / BookPrice ÷ Book value/share | 0.74x | 2.47x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
PNRG delivers a 11.8% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $2 for TXO. PNRG carries lower financial leverage with a 0.04x debt-to-equity ratio, signaling a more conservative balance sheet compared to TXO's 0.26x. On the Piotroski fundamental quality scale (0–9), PNRG scores 8/9 vs TXO's 4/9, reflecting strong financial health.
| Metric | TXOTXO Partners, L.P. | PNRGPrimeEnergy Resou… |
|---|---|---|
| ROE (TTM)Return on equity | +2.3% | +11.8% |
| ROA (TTM)Return on assets | +1.2% | +7.6% |
| ROICReturn on invested capital | -0.8% | +28.5% |
| ROCEReturn on capital employed | -0.8% | +27.6% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 8 |
| Debt / EquityFinancial leverage | 0.26x | 0.04x |
| Net DebtTotal debt minus cash | $150M | $6M |
| Cash & Equiv.Liquid assets | $7M | $3M |
| Total DebtShort + long-term debt | $157M | $8M |
| Interest CoverageEBIT ÷ Interest expense | 2.16x | 14.38x |
Total Returns (with DRIP)
A $10,000 investment in PNRG five years ago would be worth $41,437 today (with dividends reinvested), compared to $8,373 for TXO. Over the past 12 months, PNRG leads with a +1.5% total return vs TXO's -25.5%. The 3-year compound annual growth rate (CAGR) favors PNRG at 29.5% vs TXO's -8.6% — a key indicator of consistent wealth creation.
| Metric | TXOTXO Partners, L.P. | PNRGPrimeEnergy Resou… |
|---|---|---|
| YTD ReturnYear-to-date | +13.9% | +11.1% |
| 1-Year ReturnPast 12 months | -25.5% | +1.5% |
| 3-Year ReturnCumulative with dividends | -23.6% | +117.4% |
| 5-Year ReturnCumulative with dividends | -16.3% | +314.4% |
| 10-Year ReturnCumulative with dividends | -16.3% | +301.3% |
| CAGR (3Y)Annualised 3-year return | -8.6% | +29.5% |
Risk & Volatility
TXO is the less volatile stock with a 0.46 beta — it tends to amplify market swings less than PNRG's 1.40 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PNRG currently trades 83.5% from its 52-week high vs TXO's 61.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | TXOTXO Partners, L.P. | PNRGPrimeEnergy Resou… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.46x | 1.40x |
| 52-Week HighHighest price in past year | $20.24 | $238.20 |
| 52-Week LowLowest price in past year | $10.12 | $126.40 |
| % of 52W HighCurrent price vs 52-week peak | +61.9% | +83.5% |
| RSI (14)Momentum oscillator 0–100 | 60.2 | 52.1 |
| Avg Volume (50D)Average daily shares traded | 192K | 49K |
Analyst Outlook
TXO is the only dividend payer here at 18.87% yield — a key consideration for income-focused portfolios.
| Metric | TXOTXO Partners, L.P. | PNRGPrimeEnergy Resou… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Strong Buy | — |
| Price TargetConsensus 12-month target | $18.50 | — |
| # AnalystsCovering analysts | 2 | — |
| Dividend YieldAnnual dividend ÷ price | +18.9% | — |
| Dividend StreakConsecutive years of raises | 5 | 1 |
| Dividend / ShareAnnual DPS | $2.36 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +4.1% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Jan 23 | Feb 26 | Change |
|---|---|---|---|
| TXO Partners, L.P. (TXO) | 100 | 53.32 | -46.7% |
| PrimeEnergy Resourc… (PNRG) | 100 | 192.53 | +92.5% |
PrimeEnergy Resourc… (PNRG) returned +314% over 5 years vs TXO Partners, L.P. (TXO)'s -16%. A $10,000 investment in PNRG 5 years ago would be worth $41,437 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| TXO Partners, L.P. (TXO) | $109M | $283M | +160.0% |
| PrimeEnergy Resourc… (PNRG) | $75M | $234M | +212.5% |
PrimeEnergy Resources Corporation's revenue grew from $75M (2015) to $234M (2024) — a 13.5% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| TXO Partners, L.P. (TXO) | -150.1% | 8.3% | +105.5% |
| PrimeEnergy Resourc… (PNRG) | -17.1% | 23.7% | +238.7% |
PrimeEnergy Resources Corporation's net margin went from -17% (2015) to 24% (2024).
Chart 4P/E Ratio History — 7 Years
| Stock | 2017 | 2024 | Change |
|---|---|---|---|
| PrimeEnergy Resourc… (PNRG) | 3.6 | 10 | +177.8% |
PrimeEnergy Resources Corporation has traded in a 4x–121x P/E range over 7 years; current trailing P/E is ~9x.
Chart 5EPS Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| TXO Partners, L.P. (TXO) | -6.53 | 0.65 | +110.0% |
| PrimeEnergy Resourc… (PNRG) | -5.53 | 21.95 | +496.9% |
PrimeEnergy Resources Corporation's EPS grew from $-5.53 (2015) to $21.95 (2024).
Chart 6Free Cash Flow — 5 Years
TXO Partners, L.P. generated $-156M FCF in 2024 (-7% vs 2021). PrimeEnergy Resources Corporation generated $-3M FCF in 2024 (-142% vs 2021).
TXO vs PNRG: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is TXO or PNRG a better buy right now?
PrimeEnergy Resources Corporation (PNRG) offers the better valuation at 9.1x trailing P/E (35.7x forward), making it the more compelling value choice. Analysts rate TXO Partners, L.P. (TXO) a "Strong Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — TXO or PNRG?
On trailing P/E, PrimeEnergy Resources Corporation (PNRG) is the cheapest at 9.1x versus TXO Partners, L.P. at 19.3x. On forward P/E, TXO Partners, L.P. is actually cheaper at 25.0x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — TXO or PNRG?
Over the past 5 years, PrimeEnergy Resources Corporation (PNRG) delivered a total return of +314.4%, compared to -16.3% for TXO Partners, L.P. (TXO). A $10,000 investment in PNRG five years ago would be worth approximately $41K today (assuming dividends reinvested). Over 10 years, the gap is even starker: PNRG returned +301.3% versus TXO's -16.3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — TXO or PNRG?
By beta (market sensitivity over 5 years), TXO Partners, L.P. (TXO) is the lower-risk stock at 0.46β versus PrimeEnergy Resources Corporation's 1.40β — meaning PNRG is approximately 201% more volatile than TXO relative to the S&P 500. On balance sheet safety, PrimeEnergy Resources Corporation (PNRG) carries a lower debt/equity ratio of 4% versus 26% for TXO Partners, L.P. — giving it more financial flexibility in a downturn.
05Which has better profit margins — TXO or PNRG?
PrimeEnergy Resources Corporation (PNRG) is the more profitable company, earning 23.7% net margin versus 8.3% for TXO Partners, L.P. — meaning it keeps 23.7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PNRG leads at 29.4% versus -2.4% for TXO. At the gross margin level — before operating expenses — PNRG leads at 37.5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is TXO or PNRG more undervalued right now?
On forward earnings alone, TXO Partners, L.P. (TXO) trades at 25.0x forward P/E versus 35.7x for PrimeEnergy Resources Corporation — 10.7x cheaper on a one-year earnings basis.
07Which pays a better dividend — TXO or PNRG?
In this comparison, TXO (18.9% yield) pays a dividend. PNRG does not pay a meaningful dividend and should not be held primarily for income.
08Is TXO or PNRG better for a retirement portfolio?
For long-horizon retirement investors, TXO Partners, L.P. (TXO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.46), 18.9% yield). Both have compounded well over 10 years (TXO: -16.3%, PNRG: +301.3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between TXO and PNRG?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. In terms of investment character: TXO is a small-cap income-oriented stock; PNRG is a small-cap deep-value stock. TXO pays a dividend while PNRG does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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