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TXO Partners, L.P. logo

TXO Partners, L.P.

TXO

NYSEEnergyOil & Gas Exploration & Production

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Latest quote

$14.24

+$0.18 · +1.28%

TXO company overview

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

2

Overpriced

Momentum

43

Neutral

Sentiment

44

Mixed

Risk resilience

69

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

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.

Industry
Oil & Gas Exploration & Production
Sector
Energy
Headquarters
US
CEO
Brent W. Clum
Listed since
Jan 27, 2023
Employees
228

Market position

Volume
176.71K
0.93× average
Average volume
190.14K
Average daily volume
Market cap
786.65M USD
Beta
-0.01
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
812.76M USD
P/E (TTM)
-19.23×
P/B (TTM)
1.22×
P/S (TTM)
1.89×
EV / EBITDA
8.84×
Earnings yield
-4.07%
Free cash flow yield
-27.39%
Dividend yield
9.90%

Profitability & efficiency

Gross margin
21.66%
Operating margin
2.33%
Net margin
-9.00%
Return on equity
-3.13%
Return on assets
-1.60%
Return on invested capital
1.86%

Financial health

Debt / equity
0.52×
Current ratio
0.62×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends61%27%-7%-41%Gross margin, FY2021: 52.20%Gross margin, FY2022: 31.40%Gross margin, FY2023: 50.35%Gross margin, FY2024: 28.33%Gross margin, FY2025: 10.63%Operating margin, FY2021: 19.35%Operating margin, FY2022: -10.42%Operating margin, FY2023: -32.51%Operating margin, FY2024: -2.43%Operating margin, FY2025: 5.42%Net margin, FY2021: 22.98%Net margin, FY2022: -3.11%Net margin, FY2023: -27.31%Net margin, FY2024: 8.31%Net margin, FY2025: -5.25%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 52.20%. Gross margin FY2022 31.40%. Gross margin FY2023 50.35%. Gross margin FY2024 28.33%. Gross margin FY2025 10.63%. Operating margin FY2021 19.35%. Operating margin FY2022 -10.42%. Operating margin FY2023 -32.51%. Operating margin FY2024 -2.43%. Operating margin FY2025 5.42%. Net margin FY2021 22.98%. Net margin FY2022 -3.11%. Net margin FY2023 -27.31%. Net margin FY2024 8.31%. Net margin FY2025 -5.25%.

Income trends

Revenue

411.45M USD+45.49%

Operating income

22.28M USD+29.14M USD

Net income

−21.62M USD−45.12M USD
Income trends across reported periods464.97M USD250.88M USD36.79M USD−177.3M USDRevenue, FY2021: 228.34M USDRevenue, FY2022: 246.4M USDRevenue, FY2023: 380.72M USDRevenue, FY2024: 282.81M USDRevenue, FY2025: 411.45M USDOperating income, FY2021: 44.19M USDOperating income, FY2022: −25.68M USDOperating income, FY2023: −123.78M USDOperating income, FY2024: −6.86M USDOperating income, FY2025: 22.28M USDNet income, FY2021: 52.48M USDNet income, FY2022: −7.67M USDNet income, FY2023: −103.99M USDNet income, FY2024: 23.5M USDNet income, FY2025: −21.62M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 228.34M USD. Revenue FY2022 246.4M USD. Revenue FY2023 380.72M USD. Revenue FY2024 282.81M USD. Revenue FY2025 411.45M USD. Operating income FY2021 44.19M USD. Operating income FY2022 −25.68M USD. Operating income FY2023 −123.78M USD. Operating income FY2024 −6.86M USD. Operating income FY2025 22.28M USD. Net income FY2021 52.48M USD. Net income FY2022 −7.67M USD. Net income FY2023 −103.99M USD. Net income FY2024 23.5M USD. Net income FY2025 −21.62M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue411.45M USD282.81M USD380.72M USD246.4M USD228.34M USD
Cost of goods sold367.7M USD202.7M USD189.02M USD169.03M USD109.15M USD
Gross profit43.75M USD80.11M USD191.7M USD77.37M USD119.2M USD
Selling, general, and administrative21.46M USD14.53M USD7.89M USD1.65M USD12.18M USD
Operating expenses21.46M USD86.97M USD315.48M USD103.05M USD75.01M USD
Interest income618K USD1.08M USD461K USD143K USD16K USD
Interest expense16.96M USD7.87M USD4.42M USD8.2M USD5.87M USD
Depreciation and amortization96.57M USD64.03M USD52.93M USD41.36M USD39.89M USD
Operating income22.28M USD−6.86M USD−123.78M USD−25.68M USD44.19M USD
Net income−21.62M USD23.5M USD−103.99M USD−7.67M USD52.48M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 7 misses, 0 met estimates
Average EPS surprise
-171.75%
11 comparable reports
Latest EPS result
1.07
Estimate 0.11 · Beat by 872.73%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.260.33-0.61-1.54Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 4, 2025: actual 0.26, estimate 0.39, surprise -33.33%, Miss. Q2 2025, reported May 1, 2025: actual 0.15, estimate 0.36, surprise -58.33%, Miss. Q3 2025, reported Aug 5, 2025: actual -0.08, estimate -0.02, surprise -300.00%, Miss. Q4 2025, reported Nov 4, 2025: actual 0.08, estimate 0.01, surprise +700.00%, Beat. Q1 2026, reported Feb 26, 2026: actual -0.57, estimate 0.1, surprise -670.00%, Miss. Q2 2026, reported May 4, 2026: actual -1.35, estimate -0.05, surprise -2600.00%, Miss. Q3 2026, reported Aug 4, 2026: actual 1.07, estimate 0.11, surprise +872.73%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 0.05, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates160.69M115.1M69.51M23.92MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MetQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 4, 2025: actual 88.43M USD, estimate 83.68M USD, surprise +5.68%, Beat. Q2 2025, reported May 1, 2025: actual 89.16M USD, estimate 89.62M USD, surprise -0.51%, Miss. Q3 2025, reported Aug 5, 2025: actual 89.94M USD, estimate 85.54M USD, surprise +5.14%, Beat. Q4 2025, reported Nov 4, 2025: actual 100.94M USD, estimate 100.94M USD, surprise 0.00%, Met estimate. Q1 2026, reported Feb 26, 2026: actual 125.93M USD, estimate 105.05M USD, surprise +19.88%, Beat. Q2 2026, reported May 4, 2026: actual 28.14M USD, estimate 67.71M USD, surprise -58.45%, Miss. Q3 2026, reported Aug 4, 2026: actual 150.87M USD, estimate 116.24M USD, surprise +29.80%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 98.07M USD, surprise —, Comparison unavailable.

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ETFs holding TXO

Funds reporting this stock among their holdings, ordered by reported position size.

FT Energy Income Partners Strategy ETF logoFT Energy Income Partners Strategy ETFEIPX
Market value
7.87M
Weight
1.35%
AUM
579.54M USD
Expense ratio
0.95%
Price / 1D
$33.18-0.91%
Multi-Asset Diversified Income Index Fund logoMulti-Asset Diversified Income Index FundMDIV
Market value
7.13M
Weight
1.64%
AUM
431.44M USD
Expense ratio
0.83%
Price / 1D
$16.80-0.67%
FT Energy Income Partners Enhanced Income ETF logoFT Energy Income Partners Enhanced Income ETFEIPI
Market value
5.9M
Weight
0.53%
AUM
1.1B USD
Expense ratio
1.11%
Price / 1D
$22.51-1.57%
Virtus U.S. Dividend ETF logoVirtus U.S. Dividend ETFVUS
Market value
60.23K
Weight
0.33%
AUM
18.06M USD
Expense ratio
0.25%
Price / 1D
$30.11330.00%

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