TXO Partners, L.P. (TXO)
TXO Partners, L.P. is an energy company specializing in the discovery, enhancement, and extraction of traditional oil, natural gas, and natural gas liquid deposits throughout North America. As of a snapshot taken on July 31, 2022, the company held ownership stakes in over 850,000 gross acres. These significant land holdings are predominantly located in the United States, with key areas of operation in the San Juan Basin (spanning New Mexico and Colorado) and the Permian Basin (covering parts of West Texas and New Mexico). Established in 2012, TXO Partners' corporate headquarters are situated in Fort Worth, Texas.
Sector: Crude Petroleum & Natural Gas
Industry: Oil & Gas Exploration & Production
TXO Partners, L.P.
NYSE:TXOEnergy · Oil & Gas Exploration & Production
+0.21%$14.30
AH Close$14.30+0.00%vs close
AH$14.30+0.00%vs close
Mkt Cap$792.88M
Float36.19M
O/S55.45M
Inst Own24.2%
SI1.2%
Div Yield9.86%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$411.45M
Net Income-$21.62M
Total Assets$1.35B
Free Cash Flow-$145.44M
Debt & Equity
Debt 30%
Equity 70%
Total Debt$291.1M
Total Equity$691.73M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in TXO's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.35B
Liabilities$663.17M
Accounts Receivable$52.39M
Accounts Payable$27.98M
Inventory$0
PP&E (Net)$2.44B
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $411.45M | $282.81M | $380.72M | $246.4M | $228.34M | $108.76M |
| YoY Growth | 45.5% | -25.7% | 54.5% | 7.9% | 109.9% | - |
| Cost of Revenue | $367.7M | $202.7M | $189.02M | $169.03M | $109.14M | $91.47M |
| Gross Profit | $43.75M | $80.11M | $191.7M | $77.37M | $119.2M | $17.3M |
| Gross Margin | 10.6% | 28.3% | 50.4% | 31.4% | 52.2% | 15.9% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $21.46M | $14.53M | $7.89M | $1.65M | $12.18M | $7M |
| Other | $0 | $72.44M | $307.59M | $101.41M | $62.83M | $165.6M |
| Total Operating Expenses | $21.46M | $86.97M | $315.48M | $103.05M | $75.01M | $172.6M |
| Operating Income (EBIT) | $22.28M | -$6.86M | -$123.78M | -$25.68M | $44.19M | -$155.3M |
| Operating Margin | 5.4% | -2.4% | -32.5% | -10.4% | 19.4% | -142.8% |
| Interest Expense | $16.96M | $7.87M | $4.42M | $8.2M | $5.87M | $8.2M |
| Interest Income | $618K | $1.08M | $461K | $143K | $16K | $194K |
| Other Income (Expense) | -$43.9M | $30.36M | $19.79M | $18.01M | $8.29M | -$7.94M |
| Income Before Tax (EBT) | -$21.62M | $23.5M | -$103.99M | -$7.67M | $52.48M | -$163.24M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$21.62M | $23.5M | -$103.99M | -$7.67M | $52.48M | -$163.24M |
| Net Income Margin | -5.3% | 8.3% | -27.3% | -3.1% | 23.0% | -150.1% |
| Supplementary Data | ||||||
| EPS | -0.43 | 0.66 | -3.44 | -0.26 | 2.10 | -6.53 |
| Diluted EPS | -0.43 | 0.65 | -3.44 | -0.26 | 2.10 | -6.53 |
| Weighted Average OS | 49.77M | 35.56M | 30.23M | 30.00M | 25.00M | 25.00M |
| EBITDA | $91.92M | $95.4M | -$46.63M | $47.95M | $102.9M | -$108.77M |
| EBITDA Margin | 22.3% | 33.7% | -12.2% | 19.5% | 45.1% | -100.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $9.37M | $7.3M | $4.5M | $9.2M | $7.55M | $21.93M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $9.37M | $7.3M | $4.5M | $9.2M | $7.55M | $21.93M |
| Accounts Receivable | $52.39M | $39.69M | $32.23M | $52.3M | $34.12M | $16.12M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $33.57M | $17.45M | $18.46M | $12.52M | $15.43M | $3.22M |
| Total Current Assets | $95.33M | $64.45M | $55.19M | $74.03M | $57.1M | $41.28M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $2.44B | $951.39M | $629.32M | $836.4M | $760.33M | $573.79M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $12.71M | $9.2M | $0 | $7.42M | $12.04M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | -$1.2B | $5.81M | $11.1M | $6.78M | $3.35M | $8.87M |
| Total Long-Term Assets | $1.26B | $966.39M | $640.42M | $850.61M | $775.72M | $582.66M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.35B | $1.03B | $695.61M | $924.63M | $832.82M | $623.94M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $27.98M | $18.22M | $8.6M | $14.69M | $3.96M | $3.66M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $5M | $7.37M | $5.72M | $2.24M |
| Current Unearned Revenue | $70M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $23.18M | $43.28M | $7.83M | $105.3M | $8.09M | $1.1M |
| Total Current Liabilities | $153.92M | $66.34M | $39.12M | $147.46M | $35.27M | $18.92M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $291.1M | $157.1M | $28.1M | $120.1M | $152.1M | $151.25M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $218.15M | $197.99M | $154.6M | $135.53M | $104.09M | $150.5M |
| Total Long-Term Liabilities | $509.25M | $355.09M | $182.7M | $255.63M | $256.19M | $301.75M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $663.17M | $421.43M | $221.81M | $403.1M | $291.46M | $320.67M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $206.07M | $240.37M | $34.3M |
| Common Stock | $691.73M | $609.42M | $473.8M | $315.46M | $300.99M | $268.97M |
| Retained Earnings | $0 | $0 | $0 | $0 | $0 | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $206.07M | $240.37M | $34.3M |
| Total Equity | $691.73M | $609.42M | $473.8M | $521.54M | $541.36M | $303.27M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.35B | $1.03B | $695.61M | $924.63M | $832.82M | $623.94M |
| Supplementary Data | ||||||
| Total Debt | $291.1M | $157.1M | $28.1M | $120.1M | $152.1M | $151.25M |
| Net Debt | $281.73M | $149.79M | $23.59M | $110.9M | $144.55M | $129.32M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$21.62M | $23.5M | -$103.99M | -$7.67M | $52.48M | -$163.24M |
| Depreciation & Amortization | $96.57M | $64.03M | $52.93M | $47.42M | $44.56M | $46.26M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $16.3M | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$12.77M | -$7.99M | $19.68M | -$22.75M | -$14.81M | -$8.1M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $4.48M | $14.9M | -$13.04M | $5.45M | $7.82M | $1.95M |
| Total Working Capital Change | -$8.29M | $6.91M | $6.64M | -$17.3M | -$6.99M | -$6.16M |
| Other Non-Cash Items | $35.22M | $14.86M | $121.56M | $113.93M | -$16.31M | $142.1M |
| Net Cash from Operating | $118.19M | $109.3M | $77.15M | $136.38M | $73.73M | $18.96M |
| Investing Activities | ||||||
| Capital Expenditures | -$263.62M | -$265.16M | -$10.42M | -$63.27M | -$219.43M | -$11.73M |
| Acquisitions | $18K | $122K | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$71.71M | -$23.24M | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | -$35.8M | -$23.4M | -$8.37M | -$4.99M |
| Net Cash from Investing | -$335.32M | -$288.28M | -$46.22M | -$86.67M | -$227.8M | -$16.72M |
| Financing Activities | ||||||
| Debt Repaid | -$131.57M | -$129M | $92M | $32M | -$10M | $35.85M |
| Common Stock Issuance | $189.5M | $141.23M | $106.28M | $0 | $132.66M | $50.7M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$101.42M | -$85.36M | -$49.76M | -$13.18M | -$139K | -$31K |
| Other Financing Activities | -$455K | -$3.09M | -$144K | -$2.87M | -$2.83M | -$749K |
| Net Cash from Financing | $219.2M | $181.78M | -$35.63M | -$48.05M | $139.69M | $14.07M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $2.07M | $2.8M | -$4.7M | $1.66M | -$14.39M | $16.31M |
| Supplementary Data | ||||||
| Operating Cash Flow | $118.19M | $109.3M | $77.15M | $136.38M | $73.73M | $18.96M |
| Capital Expenditure | -$263.62M | -$265.16M | -$10.42M | -$63.27M | -$219.43M | -$11.73M |
| Free Cash Flow | -$145.44M | -$155.86M | $66.73M | $73.11M | -$145.7M | $7.24M |
| Cash at Beginning | $7.3M | $4.5M | $9.2M | $7.55M | $21.93M | $5.62M |
| Cash at End | $9.37M | $7.3M | $4.5M | $9.2M | $7.55M | $21.93M |