Comfortable leader
9 companies value 55 bn revenue 4.3 bn margin 24.9% free cash flow 3.0 bn avg. score 5.5
TPL holds 43.1% of the group's value, 1.4x the runner-up
| Rank | Ticker | Company | Share | Value | Revenue | Margin | FCF | 5 years | FCF/px | Yield | What it does · why it is here |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | TPL | Texas Pacific Land United States · score 6.4 | 43% | 24 bn | 0.9 bn | 60.3% | 0.6 bn | 2.5% | 0.7% | Land, royalties and water in the Permian Basin · Landowner in the Permian; collects royalties without spending capital | |
| 2 | VNOM | Viper Energy United States · score 6.8 | 30% | 16 bn | 2.0 bn | 2.9% | 1.5 bn | 9.1% | 2.5% | Royalties and minerals in the Permian · Permian royalties tied to Diamondback; margins near 90% | |
| 3 | LB | LandBridge Co LLC United States · score 5.7 | 11% | 6.2 bn | 0.2 bn | 16.5% | 0.1 bn | 2.5% | 1.0% | Land and surface royalties in the Permian · Texas — revenue of $225m | |
| 4 | BSM | Black Stone Minerals, L.P. United States · score 7.9 | 6% | 3.2 bn | 0.5 bn | 65.3% | 0.3 bn | 10.2% | — | Mineral and oil and gas royalties · Texas — revenue of $460m | |
| 5 | EROK | EagleRock Land, LLC United States · score 0.5 | 4% | 2.3 bn | 0.1 bn | -69.1% | -0.0 bn | — | -0.3% | — | 236,000 acres of land in the Delaware and Midland basins · Texas — revenue of $106m |
| 6 | KRP | Kimbell Royalty Partners United States · score 7.1 | 3% | 1.9 bn | 0.3 bn | 29.7% | 0.2 bn | 12.6% | — | Oil and gas royalties and mineral interests · Royalty portfolio diversified across several basins | |
| 7 | DMLP | DORCHESTER MINERALS, L.P. United States · score 7.0 | 3% | 1.5 bn | 0.2 bn | 45.5% | 0.2 bn | 10.6% | — | Oil and gas royalties and mineral interests, since 2003 · Texas — revenue of $192m | |
| 8 | NRT | NORTH EUROPEAN OIL ROYALTY TRUST United States · score 5.0 | 0% | 0.1 bn | 0.0 bn | 90.7% | — | — | — | — | Royalty trust for gas and oil in Germany · New Hampshire — revenue of $10m |
| 9 | CKX | CKX LANDS, INC. United States · score 2.7 | 0% | 0.0 bn | 0.0 bn | 420.1% | 0.0 bn | -0.5% | — | Land with oil, gas, timber and lease royalties · Louisiana |
Other industries in the same sector
- Sector overview
- Integrated oil 5 companies
- Exploration and production (E&P) 51 companies
- Midstream and pipelines 18 companies
- National and state oil companies 5 companies
- Refining and marketing 10 companies
- Canadian oil producers 8 companies
- Oilfield services and equipment 27 companies
- Midstream MLPs (partnerships) 10 companies
- LNG and gas exports 11 companies
- Natural gas (E&P) 11 companies
- Uranium and nuclear fuel 17 companies
- Subsea and offshore equipment 3 companies
and 5 industries more
- Offshore drilling 5 companies
- Coal 11 companies
- Fracking and pressure pumping services 13 companies
- Biofuels 14 companies
- Fuel distribution 14 companies
What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.