NYSE : TXO
TXO Partners, L.P. — Financial statements
Energy · Oil & Gas Exploration & Production · United States
Last price 14.13 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 783.46M
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Financial statements
TXO Partners, L.P. (TXO) reported revenue of 405.96M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 405.96M | 401.01M | 282.81M | 380.72M | 246.40M | 228.34M |
| Cost of Revenue | 189.81M | 186.23M | 150.29M | 144.73M | 127.66M | 69.26M |
| Gross Profit | 216.14M | 214.78M | 132.51M | 235.99M | 118.74M | 159.09M |
| Selling, General & Admin | 19.13M | 21.46M | 14.53M | 7.89M | 1.65M | 12.18M |
| Other Operating Expenses | 90.92M | 84.43M | 72.06M | 84.06M | 101.05M | 62.71M |
| Operating Expenses | 259.31M | 245.36M | 139.38M | 359.77M | 144.42M | 114.90M |
| Operating Income | -43.17M | -30.58M | -6.86M | -123.78M | -25.68M | 44.19M |
| Interest Expense | -22.09M | -16.96M | -7.87M | -4.42M | -8.20M | -5.87M |
| Interest & Investment Income | 511.00K | 618.00K | 1.08M | 461.00K | 143.00K | 16.00K |
| Other Non Operating Income (Expenses) | 25.68M | 25.31M | 37.15M | 23.76M | 26.07M | 4.99M |
| EBT Excluding Unusual Items | -39.06M | -21.62M | 23.50M | -103.99M | -7.67M | 43.32M |
| Other Unusual Items | 9.15M | |||||
| Pretax Income | -37.47M | -21.62M | 23.50M | -103.99M | -7.67M | 52.48M |
| Net Income | -37.47M | -21.62M | 23.50M | -103.99M | -7.67M | 52.48M |
| Net Income to Common | -37.47M | -21.62M | 23.50M | -103.99M | -7.67M | 52.48M |
| Shares Outstanding (Basic) | 55.07M | 49.77M | 35.56M | 30.27M | 25.00M | 25.00M |
| Shares Outstanding (Diluted) | 55.07M | 49.77M | 36.13M | 30.27M | 25.00M | 25.00M |
| EPS (Basic) | -0.68 | -0.43 | 0.66 | -3.44 | -0.31 | 2.10 |
| EPS (Diluted) | -0.68 | -0.43 | 0.65 | -3.44 | -0.31 | 2.10 |
| Free Cash Flow | -169.74M | -217.15M | -179.11M | 30.93M | 49.39M | -154.07M |
| Free Cash Flow Per Share | -3.08 | -4.36 | -4.96 | 1.02 | 1.98 | -6.16 |
| Dividend Per Share | 1.41 | 1.71 | 2.41 | 2.08 | ||
| Gross Margin | 53.24% | 53.56% | 46.86% | 61.98% | 48.19% | 69.67% |
| Operating Margin | -10.63% | -7.63% | -2.43% | -32.51% | -10.42% | 19.35% |
| Profit Margin | -9.23% | -5.39% | 8.31% | -27.31% | -3.11% | 22.98% |
| Free Cash Flow Margin | -41.81% | -54.15% | -63.33% | 8.12% | 20.04% | -67.47% |
| EBITDA | 121.30M | 124.07M | 57.17M | 152.53M | 21.74M | 88.75M |
| EBITDA Margin | 29.88% | 30.94% | 20.21% | 40.06% | 8.82% | 38.87% |
| D&A For EBITDA | 164.47M | 154.65M | 64.03M | 276.32M | 47.42M | 44.56M |
| EBIT | -43.17M | -30.58M | -6.86M | -123.78M | -25.68M | 44.19M |
| EBIT Margin | -10.63% | -7.63% | -2.43% | -32.51% | -10.42% | 19.35% |
| Revenue as Reported | 405.96M | 401.01M | 282.81M | 380.72M | 246.40M | 228.34M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 107.48M | 9.37M | 7.30M | 4.50M | 9.20M | 7.55M |
| Cash & Short-Term Investments | 107.48M | 9.37M | 7.30M | 4.50M | 9.20M | 7.55M |
| Receivables | 51.17M | 52.39M | 39.69M | 32.23M | 52.30M | 34.12M |
| Other Current Assets | 20.85M | 33.57M | 17.45M | 18.46M | 12.52M | 15.43M |
| Total Current Assets | 179.50M | 95.33M | 64.45M | 55.19M | 74.03M | 57.10M |
| Property, Plant & Equipment | 1.06B | 1.24B | 951.39M | 629.32M | 836.40M | 760.33M |
| Other Long-Term Assets | 8.38M | 11.79M | 7.87M | 3.97M | 7.07M | 8.27M |
| Total Assets | 1.25B | 1.35B | 1.03B | 695.61M | 924.63M | 832.82M |
| Accounts Payable | 33.06M | 27.98M | 18.22M | 8.60M | 14.69M | 3.96M |
| Accrued Expenses | 27.74M | 40.95M | 33.53M | 22.69M | 27.47M | 23.22M |
| Other Current Liabilities | 109.84M | 84.99M | 14.59M | 7.83M | 105.30M | 8.09M |
| Total Current Liabilities | 170.64M | 153.92M | 66.34M | 39.12M | 147.46M | 35.27M |
| Long-Term Debt | 270.10M | 291.10M | 157.10M | 28.10M | 120.10M | 152.10M |
| Other Long-Term Liabilities | 162.63M | 218.15M | 197.99M | 154.60M | 135.53M | 104.09M |
| Total Liabilities | 603.37M | 663.17M | 421.43M | 221.81M | 403.10M | 291.46M |
| Common Stock | 648.05M | 691.73M | 609.42M | 473.80M | 315.46M | 300.99M |
| Total Common Equity | 648.05M | 691.73M | 609.42M | 473.80M | 315.46M | 300.99M |
| Shareholders' Equity | 648.05M | 691.73M | 609.42M | 473.80M | 521.54M | 541.36M |
| Total Liabilities & Equity | 1.25B | 1.35B | 1.03B | 695.61M | 924.63M | 832.82M |
| Total Debt | 270.10M | 291.10M | 157.10M | 28.10M | 120.10M | 152.10M |
| Net Cash (Debt) | -162.62M | -281.73M | -149.79M | -23.59M | -110.90M | -144.55M |
| Net Cash Per Share | -2.95 | -5.66 | -4.15 | -0.78 | -4.44 | -5.78 |
| Filing Date Shares Outstanding | 55.45M | 55.24M | 41.17M | 30.75M | 30.75M | 25.00M |
| Total Common Shares Outstanding | 55.45M | 54.78M | 40.91M | 30.75M | 30.75M | 25.00M |
| Working Capital | 8.86M | -58.58M | -1.89M | 16.07M | -73.44M | 21.82M |
| Book Value Per Share | 11.69 | 12.63 | 14.90 | 15.41 | 10.26 | 9.79 |
| Tangible Book Value | 648.05M | 691.73M | 609.42M | 473.80M | 315.46M | 300.99M |
| Tangible Book Value Per Share | 11.69 | 12.63 | 14.90 | 15.41 | 10.26 | 9.79 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -37.47M | -21.62M | 23.50M | -103.99M | -7.67M | 52.48M |
| Depreciation & Amortization | 164.47M | 154.65M | 64.03M | 276.32M | 47.42M | 44.56M |
| Stock-Based Compensation | 13.29M | 16.30M | 6.17M | 3.47M | 2.40M | |
| Other Operating Activities | 13.26M | -22.85M | 8.69M | -105.29M | 113.93M | -18.71M |
| Change in Accounts Receivable | -15.77M | -12.77M | -7.99M | 19.68M | -22.75M | -14.81M |
| Change in Inventory | 238.00K | |||||
| Change in Other Net Operating Assets | 7.07M | 4.48M | 14.90M | -13.04M | 5.21M | 7.82M |
| Operating Cash Flow | 143.23M | 118.19M | 109.30M | 77.15M | 136.38M | 73.73M |
| Capital Expenditures | -312.97M | -335.33M | -288.40M | -46.22M | -86.99M | -227.80M |
| Sale of Property, Plant & Equipment | 100.35M | 18.00K | 122.00K | 320.00K | ||
| Investing Cash Flow | -212.62M | -335.32M | -288.28M | -46.22M | -86.67M | -227.80M |
| Long-Term Debt Issued | 405.50M | 251.00M | 86.00M | 1.46B | 1.44B | |
| Long-Term Debt Repaid | -271.50M | -122.00M | -178.00M | -1.49B | -1.43B | |
| Net Debt Issued (Repaid) | 251.00M | 134.00M | 129.00M | -92.00M | -32.00M | 10.00M |
| Issuance of Common Stock | 2.86M | 191.41M | 142.16M | 106.28M | 1.03M | |
| Repurchase of Common Stock | -2.12M | -2.36M | -851.00K | |||
| Common Dividends Paid | -80.33M | -101.42M | -85.36M | -49.76M | -13.18M | -139.00K |
| Other Financing Activities | -2.49M | -2.43M | -3.17M | -144.00K | -3.90M | -2.83M |
| Financing Cash Flow | 168.92M | 219.20M | 181.78M | -35.63M | -48.05M | 139.69M |
| Net Cash Flow | 99.53M | 2.07M | 2.80M | -4.70M | 1.66M | -14.39M |
| Free Cash Flow | -169.74M | -217.15M | -179.11M | 30.93M | 49.39M | -154.07M |
| Free Cash Flow Margin | -41.81% | -54.15% | -63.33% | 8.12% | 20.04% | -67.47% |
| Free Cash Flow Per Share | -3.08 | -4.36 | -4.96 | 1.02 | 1.98 | -6.16 |
| Levered Free Cash Flow | -87.28M | -135.34M | -206.65M | 59.23M | 36.17M | -170.74M |
| Unlevered Free Cash Flow | -73.47M | -124.73M | -201.73M | 61.99M | 41.30M | -167.07M |
| Cash Interest Paid | 20.50M | 15.40M | 7.00M | 3.50M | 7.90M | 4.10M |
| Cash Income Tax Paid | 42.00K | 300.00K | 1.90M | 3.60M | 500.00K | 100.00K |
| Change in Working Capital | -8.70M | -8.29M | 6.91M | 6.64M | -17.30M | -6.99M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 766.55M | 584.55M | 688.98M | 559.03M | ||
| Enterprise Value | 929.17M | 850.34M | 840.23M | 578.24M | ||
| Last Close Price | 14.03 | 9.84 | 13.66 | 13.07 | ||
| PE Ratio | 29.32 | |||||
| Forward PE | 8.31 | 27.71 | 12.61 | 9.23 | ||
| PS Ratio | 1.92 | 1.46 | 2.44 | 1.47 | ||
| PB Ratio | 1.20 | 0.84 | 1.13 | 1.18 | ||
| P/TBV Ratio | 1.20 | 0.84 | 1.13 | 1.18 | ||
| P/FCF Ratio | 18.07 | |||||
| P/OCF Ratio | 5.43 | 4.95 | 6.30 | 7.25 | ||
| EV/Sales Ratio | 2.32 | 2.12 | 2.97 | 1.52 | ||
| EV/EBITDA Ratio | 7.75 | 6.85 | 14.70 | 3.79 | ||
| EV/FCF Ratio | 18.70 | |||||
| Debt / Equity Ratio | 0.42 | 0.42 | 0.26 | 0.06 | 0.23 | 0.28 |
| Debt / EBITDA Ratio | 2.23 | 2.35 | 2.75 | 0.18 | 5.52 | 1.71 |
| Debt / FCF Ratio | 0.91 | 2.43 | ||||
| Net Debt / Equity Ratio | 0.25 | 0.41 | 0.25 | 0.05 | 0.21 | 0.27 |
| Net Debt / EBITDA Ratio | 1.34 | 2.27 | 2.62 | 0.15 | 5.10 | 1.63 |
| Net Debt / FCF Ratio | -0.96 | -1.30 | -0.84 | 0.76 | 2.25 | -0.94 |
| Asset Turnover | 0.35 | 0.34 | 0.33 | 0.47 | 0.28 | 0.31 |
| Quick Ratio | 0.93 | 0.40 | 0.71 | 0.94 | 0.42 | 1.18 |
| Current Ratio | 1.05 | 0.62 | 0.97 | 1.41 | 0.50 | 1.62 |
| Return on Equity (ROE) | -5.35% | -3.32% | 4.34% | -20.89% | -1.44% | 11.72% |
| Return on Assets (ROA) | -2.35% | -1.60% | -0.50% | -9.55% | -1.83% | 3.79% |
| Return on Capital Employed (ROCE) | -4.00% | -2.50% | -0.70% | -18.90% | -3.30% | 5.50% |
| Earnings Yield | -4.93% | -3.70% | 3.41% | -18.60% | ||
| FCF Yield | -21.82% | -37.15% | -26.00% | 5.53% | ||
| Dividend Yield | 12.36% | 16.03% | 14.31% | 11.44% | ||
| Payout Ratio | 363.28% | 0.27% | ||||
| Buyback Yield / Dilution | -27.70% | -37.74% | -19.38% | -21.06% | 18.70% | |
| Total Shareholder Return | -15.51% | -21.72% | -5.07% | -9.62% | 18.70% |