TXO Partners, L.P. TXO

Energy SIC 1311 - Crude Petroleum & Natural Gas NAICS Mining, Quarrying, and Oil and Gas Extraction › Oil and Gas Extraction derived NYSE

We are focused on the acquisition, development, optimization and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. Our management team has significant industry experience acquiring and exploiting conventional oil and natural gas properties in multiple resource plays and basins. As a result of such experience, our operations focus primarily on enhancing the development and operation of producing properties through our concentration on efficiency and optimizing exploitation of current wells. Our current acreage positions are concentrated in the Permian Basin of West Texas and New Mexico, the San Juan Basin of New Mexico and Colorado and the Williston Basin of Montana and North Dakota, each of which we believe is characterized by low geologic risk, low decline rates and high recoveries relative to drilling and completion costs.

Last close 14.19 2026-10-23
Market cap $786.8M 2026-06-30 share count
52-week range 10.12 - 15.58

Valuation FY2025 figures against the last close

P/S2.2x
P/E—
P/FCF6.7x
EV/EBITDA16.2x
Dividend yield—
Diluted EPS-0.43

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Revenue $363.1M$285.4M$357.5M$449.6M$219.4M—
SG&A $21.5M$14.5M$7.9M$1.6M$12.2M—
Total operating expenses $431.6M$289.7M$504.5M$272.1M$184.2M—
Operating income -$30.6M-$6.9M-$123.8M-$25.7M$44.2M—
Interest expense $17.0M$7.9M$4.4M$8.2M$5.9M—
Net income -$21.6M$23.5M-$104.0M-$7.7M$52.5M—
EPS, basic -0.430.66-3.44-0.312.10—
EPS, diluted -0.430.65-3.44-0.312.10—
Shares, diluted (wtd. avg.) 49.8M36.1M30.3M25.0M25.0M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Cash and equivalents $9.4M$7.3M$4.5M$9.2M$7.5M$21.9M
Receivables $52.4M$39.7M$32.2M$52.3M——
Total current assets $95.3M$64.4M$55.2M$74.0M——
Property, plant and equipment $1.24B$951.4M$629.3M$836.4M——
Total assets $1.35B$1.03B$695.6M$924.6M——
Accounts payable $28.0M$18.2M$8.6M$14.7M——
Total current liabilities $153.9M$66.3M$39.1M$147.5M——
Long-term debt $291.1M$157.1M$28.1M$120.1M——

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Operating cash flow $118.2M$109.3M$77.2M$136.4M$73.7M—
Depreciation and amortisation $96.6M$52.4M$44.3M$41.4M$39.9M—
Stock-based compensation $16.3M$6.2M$3.5M$0$2.4M—
Investing cash flow -$335.3M-$288.3M-$46.2M-$86.7M-$227.8M—
Financing cash flow $219.2M$181.8M-$35.6M-$48.1M$139.7M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001559432-26-000005.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M Revenue, FY2021: 219.4M Net income, FY2021: 52.5M Revenue, FY2022: 449.6M Net income, FY2022: -7.7M Revenue, FY2023: 357.5M Net income, FY2023: -104M Revenue, FY2024: 285.4M Net income, FY2024: 23.5M Revenue, FY2025: 363.1M Net income, FY2025: -21.6M FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $219.4M $449.6M $357.5M $285.4M $363.1M
Gross profit — — — — — —
Net income — $52.5M -$7.7M -$104.0M $23.5M -$21.6M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Material agreement signed Item 1.01
  • Acquisition or disposal completed Item 2.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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