TXO Partners, L.P. (TXO) Revenue History
Annual and quarterly revenue from 2020 to 2025
Compound Annual Growth Rate (CAGR)
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TXO Revenue Growth
Revenue Breakdown (FY 2025)
TXO's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
TXO Revenue Analysis (2020–2025)
As of May 8, 2026, TXO Partners, L.P. (TXO) generated trailing twelve-month (TTM) revenue of $355.4 million, reflecting significant decline in growth of -66.5% year-over-year. The most recent quarter (Q1 2026) recorded $28.3 million in revenue, down 79.3% sequentially.
Looking at the longer-term picture, TXO's 5-year compound annual growth rate (CAGR) stands at +30.5%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $411.5 million in 2025, representing a new all-time high.
Revenue diversification analysis shows TXO's business is primarily driven by Oil and Condensate (77%), and Natural Gas (23%). With over half of revenue concentrated in Oil and Condensate, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including VNOM (+77.8% YoY), BSM (+6.9% YoY), and DMLP (-3.0% YoY), TXO has underperformed the peer group in terms of revenue growth. Compare TXO vs VNOM →
TXO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TXOCurrent | $355M | -66.5% | +30.5% | 5.4% | |
 VNOM | $1.3B | +77.8% | +40.1% | 43.0% | |
 BSM | $422M | +6.9% | +7.3% | 61.8% | |
 DMLP | $153M | -3.0% | +26.6% | 37.5% | |
 PBF | $29.3B | -11.4% | +14.2% | -0.2% | |
 CIVI | $5.2B | -6.6% | +75.4% | 29.0% |
TXO Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $411.5M | +45.5% | $43.7M | 10.6% | $22.3M | 5.4% |
| 2024 | $282.8M | -25.7% | $80.1M | 28.3% | $-6,861,000 | -2.4% |
| 2023 | $380.7M | +54.5% | $191.7M | 50.4% | $-123,781,000 | -32.5% |
| 2022 | $246.4M | +7.9% | $77.4M | 31.4% | $-25,680,000 | -10.4% |
| 2021 | $228.3M | +109.9% | $119.2M | 52.2% | $44.2M | 19.4% |
| 2020 | $108.8M | - | $17.3M | 15.9% | $-155,300,000 | -142.8% |
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Start ComparisonTXO — Frequently Asked Questions
Quick answers to the most common questions about buying TXO stock.
Is TXO's revenue growth accelerating or slowing?
TXO revenue declined -66.5% year-over-year, contrasting with the 5-year CAGR of +30.5%. TTM revenue fell to $355M. This reverses the prior growth trend.
What is TXO's long-term revenue growth rate?
TXO Partners, L.P.'s 5-year revenue CAGR of +30.5% reflects the variable expansion pattern. Current YoY growth of -66.5% is below this long-term average.
How is TXO's revenue distributed by segment?
TXO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2020-2025 are available for download. Segment mix reveals concentration and diversification trends.