TXO Partners, L.P. (TXO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TXO SEC filings page.
TXO Partners, L.P. (TXO) reported $497.2M in revenue over the twelve months to Jun 30, 2026, up 49.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
TXO’s dominant mechanic is expansion funded by capital inflows while depreciation and financing costs keep reported operating earnings negative.
FY2025 produced positive EBITDA of$66.0M despite depreciation and amortization of$96.6M , so the reported operating loss reflects a capital-intensive asset base rather than the absence of operating cash generation. That distinction matters because operating cash flow reached$118.2M even as net income was negative, showing accounting earnings and cash generation are being pulled apart by large noncash charges.
From FY2024 to FY2025, total assets expanded
Operating cash flow of
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of TXO Partners, L.P.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
TXO Partners, L.P. has an operating margin of -7.6%, meaning the company loses $8 on every $100 of revenue. This results in a profitability score of 11/100. This is down from -2.4% the prior year.
TXO Partners, L.P.'s revenue surged 41.8% year-over-year to $401.0M, reflecting rapid business expansion. This strong growth earns a score of 52/100.
TXO Partners, L.P.'s current ratio of 0.62 is below the typical benchmark, resulting in a score of 11/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Not available for TXO Partners, L.P., and counted as zero in the overall score.
TXO Partners, L.P. passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
TXO Partners, L.P. reported a net loss of $21.6M while generating $118.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
TXO Partners, L.P. reported an operating loss of $30.6M against $17.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
TXO Partners, L.P. generated $150.9M in revenue in Q2 2026. This represents an increase of 67.9% from the same quarter a year earlier. Against the prior quarter it is up 26.2%.
TXO Partners, L.P.'s EBITDA was $81.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 354.3% from the same quarter a year earlier. Against the prior quarter it is up 267.6%.
TXO Partners, L.P. reported $60.8M in net income in Q2 2026. This represents an increase of 45115.6% from the same quarter a year earlier. Against the prior quarter it is up 181.8%.
TXO Partners, L.P. earned $1.07 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 179.3%.
Cash & Balance Sheet
TXO Partners, L.P. held $107.5M in cash against $270.1M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
TXO Partners, L.P.'s operating margin was 38.2% in Q2 2026, reflecting core business profitability. This is up 42.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 103.1 percentage points.
TXO Partners, L.P.'s net profit margin was 40.3% in Q2 2026, showing the share of revenue converted to profit. This is up 40.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 102.5 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
TXO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $150.9M+67.9% | $119.6M+41.8% | $125.9M+41.0% | $100.9M+46.8% | $89.9M+56.8% | $84.3M+25.0% | $89.3M-2.9% | $68.7M-1.6% |
| SG&A Expenses | $4.8M-49.7% | $4.8M+97.2% | $4.7M+18.1% | $4.8M+47.6% | $9.5M+105.9% | $2.4M-8.0% | $4.0M+41.9% | $3.3M+86.5% |
| Operating Income | $57.7M+1652.2% | -$77.6M-2064.4% | -$27.0M-591.1% | $3.8M+175.7% | -$3.7M+63.2% | -$3.6M-232.5% | $5.5M+102.8% | -$5.0M-213.5% |
| EBITDA | $81.6M+354.3% | -$48.7M-373.0% | $2.7M-88.4% | $27.5M+219.0% | $18.0M+7886.2% | $17.8M+35.0% | $23.5M+112.6% | $8.6M-42.6% |
| Interest Expense | $5.6M+117.0% | $5.7M+58.5% | $6.3M+57.1% | $4.5M+142.2% | $2.6M+145.1% | $3.6M+271.0% | $4.0M+242.6% | $1.9M+54.7% |
| Net Income | $60.8M+45115.6% | -$74.3M-3176.8% | -$28.3M-376.5% | $4.4M+2043.8% | -$135K-104.8% | $2.4M-76.5% | $10.2M+105.3% | $203K-97.6% |
| EPS (Basic) | $1.10 | -$1.35-2350.0% | -$0.57-311.1% | $0.08+700.0% | $0.00-100.0% | $0.06-81.8% | $0.27+104.2% | $0.01-96.4% |
| EPS (Diluted) | $1.07 | -$1.35-2350.0% | -$0.57-319.2% | $0.08 | $0.00-100.0% | $0.06-81.8% | $0.26+104.1% | $0.01 |
| Diluted Shares (Avg) | 57M+17.5% | 55M+31.8% | N/A | 56M | 48M+52.1% | 42M+33.1% | N/A | 40M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Income Tax.
TXO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B+19.6% | $1.3B+27.9% | $1.4B+31.4% | $1.4B+35.4% | $1.0B+35.1% | $1.0B+50.1% | $1.0B+48.2% | $1.0B+12.7% |
| Current Assets | $179.5M+153.7% | $90.2M+10.6% | $95.3M+47.9% | $76.9M+42.1% | $70.8M-39.5% | $81.6M+51.3% | $64.4M+16.8% | $54.1M+3.8% |
| Cash & Equivalents | $107.5M+1251.4% | $7.9M-27.3% | $9.4M+28.3% | $5.3M+38.0% | $8.0M-89.5% | $10.8M+137.2% | $7.3M+62.2% | $3.8M-34.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $51.2M+38.3% | $58.4M+51.9% | $52.4M+32.0% | $45.6M+30.3% | $37.0M+29.8% | $38.5M+25.3% | $39.7M+23.2% | $35.0M+7.1% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Liabilities | $170.6M+134.7% | $210.0M+156.2% | $153.9M+132.0% | $160.6M+202.2% | $72.7M+102.9% | $82.0M+106.3% | $66.3M+69.6% | $53.1M-12.4% |
| Long-Term Debt | $270.1M+1314.1% | $277.1M+70.9% | $291.1M+85.3% | $271.1M+74.8% | $19.1M+169.0% | $162.1M+521.1% | $157.1M+459.1% | $155.1M+517.9% |
Not reported in any period shown, so not listed: Inventory, Goodwill, Total Liabilities, Non-Current Liabilities, Total Equity, Retained Earnings.
TXO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $49.1M+82.8% | $33.4M+9.1% | $32.5M-19.9% | $28.3M+36.5% | $26.9M+17.3% | $30.6M+21.5% | $40.5M+132.6% | $20.7M-14.3% |
| Depreciation & Amortization | $24.0M+10.5% | $28.8M+34.6% | $29.8M+65.5% | $23.7M+74.6% | $21.7M+109.9% | $21.4M+103.8% | $18.0M+60.7% | $13.6M+27.9% |
| Stock-Based Compensation | N/A | $3.6M+67.7% | N/A | N/A | N/A | $2.1M+86.8% | N/A | N/A |
| Investing Cash Flow | $77.5M+281.4% | -$4.4M+36.0% | -$29.9M-95.7% | -$255.9M-9.1% | -$42.7M-20.5% | -$6.8M-127.0% | -$15.3M-168.6% | -$234.5M-1862.3% |
| Financing Cash Flow | -$27.0M-308.1% | -$30.5M-50.8% | $1.5M+106.9% | $224.9M+58.8% | $13.0M-84.5% | -$20.2M+8.5% | -$21.8M-66.0% | $141.7M+1414.7% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
TXO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 38.2%+42.4pp | -64.9%-60.6pp | -21.5%-27.6pp | 3.7%+11.0pp | -4.1%+13.5pp | -4.3%-8.3pp | 6.2% | -7.2%-13.5pp |
| Net Margin | 40.3%+40.4pp | -62.2%-65.0pp | -22.4%-33.9pp | 4.3%+4.0pp | -0.1%-5.1pp | 2.9%-12.3pp | 11.4% | 0.3%-11.8pp |
| Return on Assets | 4.9%+4.9pp | -5.6%-5.8pp | -2.1%-3.1pp | 0.3%+0.3pp | 0.0%-0.4pp | 0.2%-1.3pp | 1.0%+28.8pp | 0.0%-0.9pp |
| Current Ratio | 1.05+0.1x | 0.43-0.6x | 0.62-0.4x | 0.48-0.5x | 0.97-2.3x | 1.00-0.4x | 0.97-0.4x | 1.02+0.2x |
| Asset Turnover | 0.120.0x | 0.090.0x | 0.090.0x | 0.070.0x | 0.090.0x | 0.080.0x | 0.090.0x | 0.070.0x |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity, FCF Margin.
Note: The current ratio is below 1.0 (0.62), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| TXO Partners, L.P. TXO | FY2025 | $401.0M | -$21.6M | -5.4% | $856.1M | 17/100 |
| Vital Energy Inc VTLE | FY2024 | $2.0B | -$173.5M | -8.9% | $693.3M | 37/100 |
| Granite Ridge Resources Inc GRNT | FY2025 | $450.3M | $24.4M | 5.4% | $672.7M | 45/100 |
| Kosmos Energy Ltd KOS | FY2025 | $1.3B | -$699.8M | -54.3% | $1.7B | 6/100 |
| Riley Exploration Permian Inc. REPX | FY2025 | $392.0M | $160.8M | 41.0% | $955.7M | 44/100 |
| Highpeak Energy，Inc HPK | FY2025 | $863.4M | N/A | N/A | $1.0B | 37/100 |
Where TXO Partners, L.P. Ranks
Frequently Asked Questions
What is TXO Partners, L.P.'s annual revenue?
TXO Partners, L.P. (TXO) reported $401.0M in total revenue for fiscal year 2025. This represents a 41.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is TXO Partners, L.P.'s revenue growing?
TXO Partners, L.P. (TXO) revenue grew by 41.8% year-over-year, from $282.8M to $401.0M in fiscal year 2025.
Is TXO Partners, L.P. profitable?
No, TXO Partners, L.P. (TXO) reported a net income of -$21.6M in fiscal year 2025, with a net profit margin of -5.4%.
What is TXO Partners, L.P.'s EBITDA?
TXO Partners, L.P. (TXO) had EBITDA of $66.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does TXO Partners, L.P. have?
As of fiscal year 2025, TXO Partners, L.P. (TXO) had $9.4M in cash and equivalents against $291.1M in long-term debt.
What is TXO Partners, L.P.'s operating margin?
TXO Partners, L.P. (TXO) had an operating margin of -7.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is TXO Partners, L.P.'s net profit margin?
TXO Partners, L.P. (TXO) had a net profit margin of -5.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is TXO Partners, L.P.'s operating cash flow?
TXO Partners, L.P. (TXO) generated $118.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are TXO Partners, L.P.'s total assets?
TXO Partners, L.P. (TXO) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What is TXO Partners, L.P.'s current ratio?
TXO Partners, L.P. (TXO) had a current ratio of 0.62 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is TXO Partners, L.P.'s return on assets (ROA)?
TXO Partners, L.P. (TXO) had a return on assets of -1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is TXO Partners, L.P.'s P/E ratio?
TXO Partners, L.P. (TXO) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $856.1M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is TXO Partners, L.P.'s price-to-sales ratio?
TXO Partners, L.P. (TXO) trades at 1.7x sales, its market capitalization divided by revenue of $497.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $856.1M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is TXO Partners, L.P.'s Piotroski F-Score?
TXO Partners, L.P. (TXO) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are TXO Partners, L.P.'s earnings high quality?
TXO Partners, L.P. (TXO) reported a net loss of $21.6M while generating $118.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can TXO Partners, L.P. cover its interest payments?
TXO Partners, L.P. (TXO) reported an operating loss of $30.6M against $17.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is TXO Partners, L.P.?
TXO Partners, L.P. (TXO) scores 17 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.