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TXO Partners, L.P.(TXO)Earnings, Financials & Key Ratios
TXO•NYSE
$12.37
$683M mkt cap·Price updated May 6, 2026
AboutTXO Energy Partners, L.P. engages in the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. As of July 31, 2022, it had working interest in the 850,009 gross acres located in the United States primarily in the San Juan Basin of New Mexico and Colorado, and the Permian Basin of West Texas and New Mexico. The company was founded in 2012 and is based in Fort Worth, Texas.Show more
- Revenue$411M+45.5%
- EBITDA$119M+107.9%
- Net Income-$22M-192.0%
- EPS (Diluted)-0.43-166.2%
- Gross Margin10.63%-62.5%
- EBITDA Margin28.89%+42.9%
- Operating Margin5.42%+323.2%
- Net Margin-5.25%-163.2%
- ROE-2.85%-165.6%
- ROIC1.71%+309.2%
- Debt/Equity0.32+24.1%
- Interest Coverage-0.27-106.9%
TXO Key Insights
TXO Partners, L.P. (TXO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 33.3%
- ✓Strong 5Y sales CAGR of 30.5%
- ✓Trading at only 0.7x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Shares diluted 37.7% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
TXO Price & Volume
TXO Partners, L.P. (TXO) stock price & volume — 10-year historical chart
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TXO Growth Metrics
TXO Partners, L.P. (TXO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years30.49%
3 Years18.64%
TTM18.59%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-728.77%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-544.03%
Return on Capital
10 Years-6.45%
5 Years-2.6%
3 Years-5.35%
Last Year2.06%
TXO Recent Earnings
TXO Partners, L.P. (TXO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 4, 2026EPS
$1.35
Est $0.05
-2600.0%
Revenue
$28M
Est $111M
-74.5%
Q1 2026
Feb 26, 2026EPS
$0.57
Est $0.10
-670.0%
Revenue
$126M
Est $105M
+19.9%
Q4 2025
Nov 4, 2025EPS
$0.08
Est $0.01
+700.0%
Revenue
$101M
Est $111M
-9.2%
Q3 2025
Aug 5, 2025EPS
$0.00
Est $0.02
+86.0%
Revenue
$90M
Est $81M
+10.8%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $1.35vs $0.05-2600.0% | $28Mvs $111M-74.5% |
| Q1 2026 | Feb 26, 2026 | $0.57vs $0.10-670.0% | $126Mvs $105M+19.9% |
| Q4 2025 | Nov 4, 2025 | $0.08vs $0.01+700.0% | $101Mvs $111M-9.2% |
| Q3 2025 | Aug 5, 2025 | $0.00vs $0.02+86.0% | $90Mvs $81M+10.8% |
Based on last 12 quarters of dataView full earnings history →
TXO Peer Comparison
TXO Partners, L.P. (TXO) competitors in U.S. conventional mature field operators — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 VNOM | 17.89B | 47.70 | -99.36 | 56.56% | -2.88% | -0.46% | 0.21 | |
 BSM | 2.88B | 13.57 | 10.60 | -3.89% | 63.48% | 35.46% | 0.14 | |
 DMLP | 1.26B | 26.10 | 21.75 | -5.38% | 37.53% | 18.79% | 0.00 | |
 PBF | 4.88B | 41.59 | -29.92 | -11.42% | -0.54% | -2.98% | 0.53 | |
 CIVI | 2.34B | 27.38 | 3.24 | 49.76% | 13.56% | 9.55% | 0.68 | |
 BATL | 48.6M | 2.95 | -1.32 | -14.92% | 7.2% | 14.53% | ||
 RRC | 9.7B | 41.17 | 15.03 | 27.56% | 28.41% | 20.93% | 0.29 | |
 CNX | 5.19B | 36.55 | 9.18 | 59.19% | 50.85% | 27.46% | 0.57 |
Compare TXO vs Peers
TXO Partners, L.P. (TXO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TXO Income Statement
TXO Partners, L.P. (TXO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 108.76M | 228.34M | 246.4M | 380.72M | 282.81M | 411.45M | 355.4M |
| Revenue Growth % | - | 109.94% | 7.91% | 54.51% | -25.72% | 45.49% | 18.59% |
| Cost of Goods Sold | 91.47M | 109.14M | 169.03M | 189.02M | 202.7M | 367.7M | 371.5M |
| COGS % of Revenue | 84.1% | 47.8% | 68.6% | 49.65% | 71.67% | 89.37% | - |
| Gross Profit | 17.3M▲ 0% | 119.2M▲ 589.2% | 77.37M▼ 35.1% | 191.7M▲ 147.8% | 80.11M▼ 58.2% | 43.75M▼ 45.4% | -16.1M▲ 0% |
| Gross Margin % | 15.9% | 52.2% | 31.4% | 50.35% | 28.32% | 10.63% | -4.53% |
| Gross Profit Growth % | - | 589.17% | -35.09% | 147.76% | -58.21% | -45.39% | - |
| Operating Expenses | 172.6M | 75.01M | 103.05M | 315.48M | 86.97M | 21.46M | 35.58M |
| OpEx % of Revenue | 158.69% | 32.85% | 41.82% | 82.86% | 30.75% | 5.22% | - |
| Selling, General & Admin | 7M | 12.18M | 1.65M | 7.89M | 14.53M | 21.46M | 23.84M |
| SG&A % of Revenue | 6.43% | 5.33% | 0.67% | 2.07% | 5.14% | 5.22% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - |
| Other Operating Expenses | 165.6M | 62.83M | 101.41M | 307.59M | 72.44M | 0 | 2M |
| Operating Income | -155.3M▲ 0% | 44.19M▲ 128.5% | -25.68M▼ 158.1% | -123.78M▼ 382.0% | -6.86M▲ 94.5% | 22.28M▲ 424.8% | -51.69M▲ 0% |
| Operating Margin % | -142.79% | 19.35% | -10.42% | -32.51% | -2.43% | 5.42% | -14.54% |
| Operating Income Growth % | - | 128.45% | -158.11% | -382.01% | 94.46% | 424.78% | - |
| EBITDA | -112.98M | 84.08M | 15.68M | -70.85M | 57.17M | 118.86M | 48.48M |
| EBITDA Margin % | -103.87% | 36.82% | 6.37% | -18.61% | 20.22% | 28.89% | 13.64% |
| EBITDA Growth % | - | 174.42% | -81.35% | -551.73% | 180.69% | 107.9% | -14.81% |
| D&A (Non-Cash Add-back) | 42.32M | 39.89M | 41.36M | 52.93M | 64.03M | 96.57M | 100.17M |
| EBIT | -155.03M | 58.34M | 530K | -99.56M | 31.37M | -4.66M | -67.08M |
| Net Interest Income | -8.01M | -5.85M | -8.05M | -3.96M | -6.79M | -16.35M | -39.64M |
| Interest Income | 194K | 16K | 143K | 461K | 1.08M | 618K | 614K |
| Interest Expense | 8.2M | 5.87M | 8.2M | 4.42M | 7.87M | 16.96M | 40.25M |
| Other Income/Expense | -7.94M | 8.29M | 18.01M | 19.79M | 30.36M | -43.9M | -46.69M |
| Pretax Income | -163.24M▲ 0% | 52.48M▲ 132.1% | -7.67M▼ 114.6% | -103.99M▼ 1256.1% | 23.5M▲ 122.6% | -21.62M▼ 192.0% | -98.37M▲ 0% |
| Pretax Margin % | -150.08% | 22.98% | -3.11% | -27.31% | 8.31% | -5.25% | -27.68% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -163.24M▲ 0% | 52.48M▲ 132.1% | -7.67M▼ 114.6% | -103.99M▼ 1256.1% | 23.5M▲ 122.6% | -21.62M▼ 192.0% | -98.37M▲ 0% |
| Net Margin % | -150.08% | 22.98% | -3.11% | -27.31% | 8.31% | -5.25% | -27.68% |
| Net Income Growth % | - | 132.15% | -114.61% | -1256.12% | 122.6% | -192.01% | -728.77% |
| Net Income (Continuing) | -163.24M | 52.48M | -7.67M | -103.99M | 23.5M | -21.62M | -98.37M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -6.53▲ 0% | 2.10▲ 132.2% | -0.26▼ 112.4% | -3.44▼ 1223.1% | 0.65▲ 118.9% | -0.43▼ 166.2% | -1.79▲ 0% |
| EPS Growth % | - | 132.16% | -112.38% | -1223.08% | 118.9% | -166.15% | -544.03% |
| EPS (Basic) | -6.53 | 2.10 | -0.26 | -3.44 | 0.66 | -0.43 | - |
| Diluted Shares Outstanding | 30M | 30M | 30M | 30.27M | 36.13M | 49.77M | 55.09M |
| Basic Shares Outstanding | 25M | 25M | 30M | 30.23M | 35.56M | 49.77M | 55.09M |
| Dividend Payout Ratio | - | 0.26% | - | - | 363.27% | - | - |
TXO Balance Sheet
TXO Partners, L.P. (TXO) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 41.28M | 57.1M | 74.03M | 55.19M | 64.45M | 95.33M | 90.23M |
| Cash & Short-Term Investments | 21.93M | 7.55M | 9.2M | 4.5M | 7.3M | 9.37M | 7.89M |
| Cash Only | 21.93M | 7.55M | 9.2M | 4.5M | 7.3M | 9.37M | 7.89M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 16.12M | 34.12M | 52.3M | 32.23M | 39.69M | 52.39M | 58.45M |
| Days Sales Outstanding | 54.1 | 54.55 | 77.48 | 30.9 | 51.22 | 46.48 | 49.66 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 3.22M | 15.43M | 12.52M | 18.46M | 17.45M | 33.57M | 23.89M |
| Total Non-Current Assets | 582.66M | 775.72M | 850.61M | 640.42M | 966.39M | 1.26B | 1.23B |
| Property, Plant & Equipment | 573.79M | 760.33M | 836.4M | 629.32M | 951.39M | 2.44B | 2.45B |
| Fixed Asset Turnover | 0.19x | 0.30x | 0.29x | 0.60x | 0.30x | 0.17x | 0.20x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 12.04M | 7.42M | 0 | 9.2M | 0 | 12.11M |
| Other Non-Current Assets | 8.87M | 3.35M | 6.78M | 11.1M | 5.81M | -1.19B | -2.38B |
| Total Assets | 623.94M▲ 0% | 832.82M▲ 33.5% | 924.63M▲ 11.0% | 695.61M▼ 24.8% | 1.03B▲ 48.2% | 1.35B▲ 31.4% | 1.32B▲ 0% |
| Asset Turnover | 0.17x | 0.27x | 0.27x | 0.55x | 0.27x | 0.30x | 0.28x |
| Asset Growth % | - | 33.48% | 11.02% | -24.77% | 48.19% | 31.44% | 129.92% |
| Total Current Liabilities | 18.92M | 35.27M | 147.46M | 39.12M | 66.34M | 153.92M | 210M |
| Accounts Payable | 3.66M | 3.96M | 14.69M | 8.6M | 18.22M | 27.98M | 38.99M |
| Days Payables Outstanding | 14.61 | 13.26 | 31.71 | 16.6 | 32.8 | 27.77 | 28.35 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.1M | 8.09M | 105.3M | 7.83M | 42.5M | 125.94M | 171.01M |
| Current Ratio | 2.18x | 1.62x | 0.50x | 1.41x | 0.97x | 0.62x | 0.62x |
| Quick Ratio | 2.18x | 1.62x | 0.50x | 1.41x | 0.97x | 0.62x | 0.62x |
| Cash Conversion Cycle | - | - | - | - | - | - | 21.32 |
| Total Non-Current Liabilities | 301.75M | 256.19M | 255.63M | 182.7M | 355.09M | 291.1M | 277.1M |
| Long-Term Debt | 151.25M | 152.1M | 120.1M | 28.1M | 157.1M | 291.1M | 277.1M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 150.5M | 104.09M | 135.53M | 154.6M | 197.99M | 0 | 410.06M |
| Total Liabilities | 320.67M | 291.46M | 403.1M | 221.81M | 421.43M | 445.02M | 487.1M |
| Total Debt | 151.25M | 152.1M | 120.1M | 28.1M | 157.1M | 291.1M | 277.1M |
| Net Debt | 129.32M | 144.55M | 110.9M | 23.59M | 149.79M | 281.73M | 269.21M |
| Debt / Equity | 0.50x | 0.28x | 0.23x | 0.06x | 0.26x | 0.32x | 0.32x |
| Debt / EBITDA | - | 1.81x | 7.66x | - | 2.75x | 2.45x | 5.72x |
| Net Debt / EBITDA | - | 1.72x | 7.07x | - | 2.62x | 2.37x | 2.37x |
| Interest Coverage | -18.90x | 9.94x | 0.06x | -22.51x | 3.98x | -0.27x | -1.67x |
| Total Equity | 303.27M▲ 0% | 541.36M▲ 78.5% | 521.54M▼ 3.7% | 473.8M▼ 9.2% | 609.42M▲ 28.6% | 909.89M▲ 49.3% | 834.69M▲ 0% |
| Equity Growth % | - | 78.51% | -3.66% | -9.15% | 28.62% | 49.3% | 141.03% |
| Book Value per Share | 10.11 | 18.05 | 17.38 | 15.65 | 16.87 | 18.28 | 15.15 |
| Total Shareholders' Equity | 303.27M | 541.36M | 521.54M | 473.8M | 609.42M | 909.89M | 834.69M |
| Common Stock | 268.97M | 300.99M | 315.46M | 473.8M | 609.42M | 0 | 0 |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
TXO Cash Flow Statement
TXO Partners, L.P. (TXO) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | 18.96M | 73.73M | 136.38M | 77.15M | 109.3M | 118.19M | 118.19M |
| Operating CF Margin % | 17.44% | 32.29% | 55.35% | 20.26% | 38.65% | 28.72% | - |
| Operating CF Growth % | - | 288.77% | 84.98% | -43.43% | 41.67% | 8.13% | 43.11% |
| Net Income | -163.24M | 52.48M | -7.67M | -103.99M | 23.5M | -21.62M | -98.37M |
| Depreciation & Amortization | 46.26M | 44.56M | 47.42M | 52.93M | 64.03M | 96.57M | 111.79M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 16.3M | 7.04M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 142.1M | -16.31M | 113.93M | 121.56M | 14.86M | 35.22M | 107.04M |
| Working Capital Changes | -6.16M | -6.99M | -17.3M | 6.64M | 6.91M | -8.29M | -6.52M |
| Change in Receivables | -8.1M | -14.81M | -22.75M | 19.68M | -7.99M | -12.77M | -20.11M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -16.72M | -227.8M | -86.67M | -46.22M | -288.28M | -335.32M | -332.86M |
| Capital Expenditures | -11.73M | -219.43M | -63.27M | -10.42M | -265.16M | -263.62M | -264.54M |
| CapEx % of Revenue | 10.78% | 96.1% | 25.68% | 2.74% | 93.76% | 64.07% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 122K | 18K | -1.74M |
| Investments | - | - | - | - | - | - | - |
| Other Investing | -4.99M | -8.37M | -23.4M | -35.8M | 0 | 0 | -3.16M |
| Cash from Financing | 14.07M | 139.69M | -48.05M | -35.63M | 181.78M | 219.2M | 208.91M |
| Debt Issued (Net) | -35.85M | 10M | -32M | -92M | 129M | 131.57M | 112.57M |
| Equity Issued (Net) | 50.7M | 132.66M | 0 | 106.28M | 141.23M | 189.5M | 189.5M |
| Dividends Paid | -31K | -139K | -13.18M | -49.76M | -85.36M | -101.42M | -92.69M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -749K | -2.83M | -2.87M | -144K | -3.09M | -455K | -473K |
| Net Change in Cash | 16.31M▲ 0% | -14.39M▼ 188.2% | 1.66M▲ 111.5% | -4.7M▼ 383.6% | 2.8M▲ 159.6% | 2.07M▼ 26.1% | -2.96M▲ 0% |
| Free Cash Flow | 7.24M▲ 0% | -145.7M▼ 2113.9% | 73.11M▲ 150.2% | 66.73M▼ 8.7% | -155.86M▼ 333.6% | -145.44M▲ 6.7% | -143.55M▲ 0% |
| FCF Margin % | 6.65% | -63.81% | 29.67% | 17.53% | -55.11% | -35.35% | -40.39% |
| FCF Growth % | - | -2113.86% | 150.18% | -8.73% | -333.58% | 6.69% | 4.66% |
| FCF per Share | 0.24 | -4.86 | 2.44 | 2.20 | -4.31 | -2.92 | -2.92 |
| FCF Conversion (FCF/Net Income) | -0.12x | 1.40x | -17.79x | -0.74x | 4.65x | -5.47x | 1.46x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
TXO Key Ratios
TXO Partners, L.P. (TXO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 12.43% | -1.44% | -20.89% | 4.34% | -2.85% | -12.17% |
| Return on Invested Capital (ROIC) | 5.93% | -2.92% | -16.43% | -0.82% | 1.71% | 1.71% |
| Gross Margin | 52.2% | 31.4% | 50.35% | 28.32% | 10.63% | -4.53% |
| Net Margin | 22.98% | -3.11% | -27.31% | 8.31% | -5.25% | -27.68% |
| Debt / Equity | 0.28x | 0.23x | 0.06x | 0.26x | 0.32x | 0.32x |
| Interest Coverage | 9.94x | 0.06x | -22.51x | 3.98x | -0.27x | -1.67x |
| FCF Conversion | 1.40x | -17.79x | -0.74x | 4.65x | -5.47x | 1.46x |
| Revenue Growth | 109.94% | 7.91% | 54.51% | -25.72% | 45.49% | 18.59% |
TXO SEC Filings & Documents
TXO Partners, L.P. (TXO) SEC filings — annual & quarterly reports (10-K, 10-Q)
TXO Frequently Asked Questions
TXO Partners, L.P. (TXO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
TXO Partners, L.P. (TXO) reported $355.4M in revenue for fiscal year 2025. This represents a 227% increase from $108.8M in 2020.
TXO Partners, L.P. (TXO) grew revenue by 45.5% over the past year. This is strong growth.
TXO Partners, L.P. (TXO) reported a net loss of $98.4M for fiscal year 2025.
Dividend & Returns
Yes, TXO Partners, L.P. (TXO) pays a dividend with a yield of 16.47%. This makes it attractive for income-focused investors.
TXO Partners, L.P. (TXO) has a return on equity (ROE) of -2.8%. Negative ROE indicates the company is unprofitable.
TXO Partners, L.P. (TXO) had negative free cash flow of $143.6M in fiscal year 2025, likely due to heavy capital investments.
Explore More TXO
TXO Partners, L.P. (TXO) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates