KRP vs ET vs TPL Stock Comparison

Kimbell Royalty Partners, Energy Transfer and Texas Pacific Land Prices as of Nov 5, 2026 Peers: Industry group
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ET Energy Transfer LP
$19.20 -7.3% 1M +13.5% 1Y
Market cap
$65.33B
P/E
12.5x
Revenue (TTM)
$124.53B
Div. yield
0.07%
Oil and Gas Pipelines Energy
7 wins
TPL Texas Pacific Land Corp
$272.32 -23.3% 1M -11.1% 1Y
Market cap
$19.12B
P/E
32.5x
Revenue (TTM)
$967.85M
Div. yield
–
Real Estate Operators Real Estate
2 wins

Head to Head

12 decided of 12

Energy Transfer leads on 7 of the 12 questions below (Energy Transfer 7, Kimbell Royalty Partners 3, Texas Pacific Land 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionKRPETTPLLeader
Larger companyMarket capitalisation $1.54B $65.33B $19.12B ET
Cheaper on earningsLower P/E, profitable companies only 20.8x 12.5x 32.5x ET
Cheaper on forward earningsLower price / next fiscal year consensus EPS 14.9x 10.5x 27.8x ET
Faster revenue growthRevenue growth, trailing twelve months +9.0% +56.1% +25.3% ET
More profitableNet margin, trailing twelve months 21.3% 4.2% 60.7% TPL
Better return on capitalReturn on invested capital 10.5% 8.8% 33.4% TPL
Less leveragedLower net debt / EBITDA 1.9x 3.8x — KRP
Higher dividend yieldTrailing dividend yield 0.10% 0.07% 0.00% KRP
Better 1-year returnPrice return, last 12 months +14.5% +13.5% -11.1% KRP
Better 5-year returnAnnualised price return, 5 years +0.0%/yr +15.6%/yr +12.4%/yr ET
Less volatileAnnualised volatility, 1 year 24.0% 17.9% 51.2% ET
Higher overall scoreMean of the five percentile scores vs peers 60/100 66/100 63/100 ET

Percentile Scorecard

KRPETTPL

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisKRPETTPL
Valuation 29 #70 of 98 94 #3 of 35 24 #29 of 38
Growth 90 #11 of 97 82 #7 of 34 58 #15 of 34
Profitability 74 #25 of 94 36 #22 of 34 100 #1 of 31
Financial Health 54 #47 of 101 50 #18 of 35 97 #2 of 38
Shareholder Returns 54 #37 of 79 70 #10 of 31 36 #10 of 15
Overall 60 66 63
  • KRP ranked among 103 companies in Oil and Gas Upstream
  • ET ranked among 35 companies in Oil and Gas Midstream
  • TPL ranked among 41 companies in Property Developers

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodKRPETTPLSPY
1 month +0.5%-7.3%-23.3% -5.9%
3 months +3.4%-7.1%-23.6% -4.6%
6 months +3.5%-3.6%-31.8% +0.2%
Year to date +27.7%+16.4%-5.2% +7.5%
1 year +14.5%+13.5%-11.1% +8.2%
3 years -8.5%+42.1%+39.3% +68.3%
3 years, per year -2.9%+12.4%+11.7% +19.0%
5 years +0.1%+106.5%+79.2% +56.5%
5 years, per year +0.0%+15.6%+12.4% +9.4%
10 years —+39.1%+876.3% +251.5%
10 years, per year —+3.4%+25.6% +13.4%

Risk

MeasureKRPETTPLSPY
Volatility, 1Y 24.0%17.9%51.2% 13.6%
Downside volatility, 1Y 26.4%17.7%54.6% 14.2%
Beta vs S&P 500, 1Y -0.28-0.180.35 1.00
Return / volatility, 1Y 0.600.76-0.22 0.60
Max drawdown, 5Y -43.3%-25.8%-52.8% -25.4%
From 52-week high -11.5%-11.7%-49.6% -5.9%
52-week high $16.98$21.74$539.79 $779.14
52-week low $11.36$16.21$272.32 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleKRPETTPL
P/E now vs peer median 20.3xmedian 10.1x 12.6xmedian 17.6x 32.0xmedian 7.4x
P/S now vs peer median 4.6xmedian 1.7x 0.5xmedian 2.4x 19.4xmedian 4.9x
EV/EBITDA now vs peer median 7.8xmedian 5.1x 7.6xmedian 10.4x 22.8xmedian 11.2x
P/FCF now vs peer median 9.7xmedian 8.9x 10.9xmedian 15.0x -4,324xmedian 5.6x
P/B now vs peer median 2.0xmedian 1.3x 1.3xmedian 2.3x 10.4xmedian 0.5x
PEG now vs peer median -1.75median 0.94 0.98median 0.98 2.21median 0.54

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsKRPETTPL
Revenue $346.81M $124.53B $967.85M
Gross profit – $26.50B –
Operating income $139.41M $11.41B $731.17M
Net income $96.30M $7.56B $587.55M
Free cash flow $163.38M $6.08B -$4.34M
EPS (diluted) $0.57 $1.51 $8.51
Cash & equivalents $33.74M $926.00M $369.56M
Total debt $535.80M $68.85B –
Shares (diluted) 129.04M 3.47B 69.04M
Enterprise value $1.38B $61.16B $18.11B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricKRPETTPL
P/E 20.3x 12.6x 32.0x
P/FCF 9.7x 10.9x -4,324x
P/Operating cash flow 6.8x 4.9x 29.3x
P/S 4.6x 0.5x 19.4x
P/B 2.0x 1.3x 10.4x
P/Tangible book 2.0x 1.6x 10.6x
EV/EBITDA 7.8x 7.6x 22.8x
EV/EBIT 15.0x 11.7x 25.2x
EV/Revenue 6.0x 1.1x 19.0x
EV/FCF 12.8x 22.0x -4,239x
EV/Operating cash flow 8.9x 9.9x 28.7x
PEG (3Y EPS CAGR) -1.75 0.98 2.21

Growth

14 metrics
MetricKRPETTPL
Revenue growth (1Y) 9.0% 56.1% 25.3%
Revenue CAGR (3Y) 15.4% 16.6% 16.2%
Gross profit growth (1Y) – 23.1% –
Gross profit CAGR (3Y) – 14.3% –
Operating income growth (1Y) 126.5% 23.7% 24.9%
Operating income CAGR (3Y) 4.5% 12.9% 15.3%
Net income growth (1Y) 170.6% 27.7% 23.3%
Net income CAGR (3Y) -1.4% 13.5% 14.4%
EPS growth (1Y) 7,525% 20.9% 23.3%
EPS CAGR (3Y) -11.6% 13.0% 14.5%
Operating cash flow growth (1Y) -5.2% 25.2% 14.7%
Operating cash flow CAGR (3Y) 14.9% 12.2% 13.4%
Free cash flow growth (1Y) 608.9% 17.2% -102.2%
Free cash flow CAGR (3Y) 32.8% -1.1% -26.2%

Profitability

14 metrics
MetricKRPETTPL
Gross margin – 21.3% –
EBITDA margin 76.7% 14.2% 83.3%
Operating margin 40.2% 9.2% 75.5%
Pretax margin 30.0% 6.6% 76.4%
Net margin 21.3% 4.2% 60.7%
FCF margin 47.1% 4.9% -0.4%
Operating cash flow margin 67.2% 10.9% 66.2%
Return on equity 13.3% 15.1% 33.8%
Return on assets 6.8% 5.1% 30.5%
Return on invested capital 10.5% 8.8% 33.4%
Return on capital employed 10.0% 8.9% 40.1%
Asset turnover 0.2x 0.8x 0.5x
Cash conversion (OCF / net income) 2.4x 1.8x 1.1x
Stock comp / revenue 4.9% 0.1% 1.8%

Financial Health

11 metrics
MetricKRPETTPL
Debt / assets 35.5% 46.1% –
Debt / equity 0.7x 1.4x –
Net debt / EBITDA 1.9x 3.8x –
Debt / FCF 3.3x 11.3x –
Liabilities / assets 48.3% 66.8% 9.4%
Equity / assets 51.7% 33.2% 90.6%
Interest coverage 3.9x 3.1x 201.1x
Current ratio 3.8x 1.2x 5.4x
Quick ratio 3.7x 0.9x 5.3x
Cash ratio 1.2x 0.0x 3.6x
Altman Z-score – – 63.93

Shareholder Returns

7 metrics
MetricKRPETTPL
Dividend yield 10.7% 7.0% 0.9%
Net buyback yield 0.9% 2.1% –
Shareholder yield 11.6% 9.1% 0.9%
Payout ratio (earnings) 163.5% 63.9% –
Payout ratio (FCF) 96.4% 79.4% –
Dividend growth (1Y) 5.0% 2.9% –
Dividend CAGR (3Y) 11.3% 6.0% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusKRPETTPL
Forward P/E 14.9xFY2026 10.5xFY2026 27.8xFY2026
EPS, next fiscal year $1.01FY2026 $1.83FY2026 $9.79FY2026
EPS growth, next FY +23.2%FY2026 +51.2%FY2026 +40.5%FY2026
EPS growth, the year after -5.0% -10.4% -1.3%
Revenue, next fiscal year $414.25MFY2026 $127.15BFY2026 $976.77MFY2026
Revenue growth, next FY +24.1%FY2026 +48.6%FY2026 +22.4%FY2026
Revenue growth, the year after +5.6% +2.0% +25.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersKRPETTPL
Held by institutions 31.0% 31.4% 72.9%
Institutions holding 213 1,284 869
Change in shares held, QoQ -2.9% +1.9% +0.5%
Institutions buying 121 630 439
Institutions selling 41 342 276
Buyers to sellers 2.95 1.84 1.59

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

KRPETTPL
KRP 1.00 0.46 0.32
ET 0.46 1.00 0.30
TPL 0.32 0.30 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, KRP, ET and TPL?

Energy Transfer (ET) is the largest by market capitalisation: Kimbell Royalty Partners (KRP) $1.54B, Energy Transfer (ET) $65.33B, Texas Pacific Land (TPL) $19.12B.

Which stock is cheaper, KRP, ET and TPL?

Energy Transfer (ET) trades on the lowest price-to-earnings ratio (Kimbell Royalty Partners (KRP) 20.8x, Energy Transfer (ET) 12.5x, Texas Pacific Land (TPL) 32.5x). On next year's consensus earnings, Energy Transfer (ET) is cheapest (Kimbell Royalty Partners (KRP) 14.9x, Energy Transfer (ET) 10.5x, Texas Pacific Land (TPL) 27.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Energy Transfer (ET) grew revenue fastest over the trailing twelve months: Kimbell Royalty Partners (KRP) +9.0%, Energy Transfer (ET) +56.1%, Texas Pacific Land (TPL) +25.3%.

Which company is more profitable?

Texas Pacific Land (TPL) has the highest net margin (Kimbell Royalty Partners (KRP) 21.3%, Energy Transfer (ET) 4.2%, Texas Pacific Land (TPL) 60.7%). On return on invested capital, Texas Pacific Land (TPL) leads (Kimbell Royalty Partners (KRP) 10.5%, Energy Transfer (ET) 8.8%, Texas Pacific Land (TPL) 33.4%).

Which stock has performed better?

Over the past year Kimbell Royalty Partners (KRP) returned the most: Kimbell Royalty Partners (KRP) +14.5%, Energy Transfer (ET) +13.5%, Texas Pacific Land (TPL) -11.1%. Over five years, Energy Transfer (ET) compounded fastest (Kimbell Royalty Partners (KRP) +0.0%/yr, Energy Transfer (ET) +15.6%/yr, Texas Pacific Land (TPL) +12.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Kimbell Royalty Partners (KRP) has the highest dividend yield: Kimbell Royalty Partners (KRP) 0.10%, Energy Transfer (ET) 0.07%, Texas Pacific Land (TPL) 0.00%. Texas Pacific Land (TPL) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Energy Transfer (ET) has been the steadiest (Kimbell Royalty Partners (KRP) 24.0%, Energy Transfer (ET) 17.9%, Texas Pacific Land (TPL) 51.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, KRP, ET and TPL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Energy Transfer (ET) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.