Every 10-Q that TXO Partners, L.P. (TXO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TXO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TXO filings page.
TXO Partners, L.P. reported a sharp turnaround for the quarter ended June 30, 2026, with total revenues rising 68% to $150,872 (in thousands) and net income of $60,771 (in thousands) versus a near break-even result a year earlier. Growth was driven by higher oil prices, increased oil-weighted production from Williston Basin acquisitions, and gains and proceeds associated with the Cross Timbers Energy asset sales.
For the first six months of 2026, revenues edged up to $179,148 (in thousands), but large net losses on commodity derivatives of $80.2 million resulted in a net loss of $13,565 (in thousands). Adjusted EBITDAX increased to $99,099 (in thousands) and cash available for distribution to $63,849 (in thousands). The Cross Timbers divestiture and related wind-down reduced asset retirement obligations to $158,760 (in thousands), boosted cash to $107,478 (in thousands), and allowed debt reduction to long-term debt of $270,100 (in thousands). The board declared a cash distribution of $0.40 per common unit for the quarter, following $0.36 per unit for the prior quarter.
TXO Partners, L.P. reported a sharp swing to a net loss of $74.3 million for the three months ended March 31, 2026, compared with net income of $2.4 million a year earlier. Total revenues fell to $28.3 million from $84.3 million, driven largely by derivative losses of $91.3 million, including $75.6 million of unrealized hedge losses, even as production volumes rose 25% to 2.9 MMboe.
Cash generation remained solid, with cash provided by operating activities increasing to $33.4 million and Adjusted EBITDAX rising to $44.1 million. Cash available for distribution was essentially flat at $29.2 million, supporting a declared quarterly distribution of $0.36 per common unit.
TXO is reshaping its asset base through Cross Timbers Energy divestitures. Three sale agreements totaling about $200 million of gross consideration are expected to yield roughly $100 million in net proceeds to the partnership, of which two tranches have already closed for about $8.2 million and $30.8 million. Management plans to use part of these proceeds to fund the $70.0 million deferred payment on the 2025 White Rock Energy acquisition due July 31, 2026.
At quarter-end, TXO held total assets of $1.32 billion, long-term debt of $277.1 million (including $270.0 million drawn on its credit facility) and an asset retirement obligation of $225.0 million. The credit facility’s borrowing base is $410 million, leaving $140.0 million of availability, and the partnership states it was in compliance with all covenants and believes it has adequate liquidity for at least the next twelve months.
TXO Partners, L.P. reported stronger Q3 results as recent Williston Basin acquisitions and hedge gains lifted performance. Revenue rose to $100.9 million from $68.7 million a year ago, and net income increased to $4.4 million (basic and diluted $0.08 per common unit) from $0.2 million. Production volumes increased, with oil, gas, and NGL sales all higher, and natural gas prices improved year over year.
Costs also rose with larger operations: depreciation, depletion and amortization and production expenses were higher, and interest expense increased with greater borrowings. For the first nine months, revenue reached $275.1 million versus $193.5 million, while net income was $6.6 million versus $13.3 million, reflecting higher DD&A and financing costs.
TXO closed the White Rock Energy asset purchase for $338.6 million, including a $70.0 million deferred payment due July 31, 2026, funded by May equity proceeds of $189.5 million and credit facility borrowings. The borrowing base was increased to $410 million with maturity extended to August 30, 2029; long‑term debt was $271.1 million at quarter‑end. Cash from operations for the nine months was $85.7 million. The board declared a $0.35 per unit cash distribution for Q3, payable November 21, 2025.
TXO Partners, L.P. — Q2 2025 condensed summary
For the three months ended June 30, 2025, TXO reported total revenues of $89.879 million (Q2 2024: $57.308 million) and a net loss of $0.135 million (Q2 2024: net income $2.808 million). Six‑month net income was $2.281 million (six months 2024: $13.075 million). Adjusted EBITDAX was $27.509 million for Q2 and $68.485 million for the six months; Cash Available for Distribution was $18.766 million (Q2) and $48.113 million (six months).
- Balance sheet highlights: cash and cash equivalents $7.953 million; total assets $1,046.68 million; partners' capital $753.024 million as of June 30, 2025.
- Debt and financing: long‑term debt reduced to $19.1 million from $157.1 million at 12/31/24; completed public offering in May 2025 with net proceeds ~$189.5 million.
- Acquisitions and subsequent events: entered purchase agreement for White Rock Energy assets for $338.6 million (deposit $34.8 million); WRE Acquisition closed July 31, 2025; Credit Facility borrowing base increased to $410 million (Amendment No.5 dated July 31, 2025).
- Notable liabilities: asset retirement obligation total $196.553 million (June 30, 2025).