TXO
TXO Partners, L.P.
Next earnings Aug 3, 2026 · consensus $0.12 EPS, $122M rev
$12.51
▲ +0.16%$12.51▼ -11.88%
over 1Y
L $9.63EODHDH $14.20
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.2%
1W-0.7%
1M-3.0%
3M-2.1%
YTD+19.9%
1Y-11.9%
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 8 analysts
Buy
Cheap-ish Permian/San Juan/Williston E&P with a fat distribution profile but FY2025 swung back to a GAAP loss as debt nearly doubled.
Revenue $363M · FY2025
TXO is a small-cap upstream MLP concentrated in the Permian, San Juan and Williston basins — a structure that pairs decent cash generation with high sensitivity to commodity prices and acquisition cadence. FY2025 revenue rebounded +27.3% to $363M, but the operating line flipped to -$30.6M and net income to -$21.6M (diluted EPS -$0.43), driven in large part by an 84.3% jump in DD&A to $96.6M as the asset base grew (+31.4% to $1.35B). That combination — bigger top line, fatter depletion, GAAP loss — is the classic tell of an acquisition-led E&P where reported earnings lag the cash story.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $219M | $450M | $358M | $285M | $363M |
| Gross profit | — | — | — | — | — |
| Operating income | $44.2M | -$25.7M | -$124M | -$6.86M | -$30.6M |
| Net income | $52.5M | -$7.67M | -$104M | $23.5M | -$21.6M |
| Diluted EPS | $2.10 | -$0.31 | -$3.44 | $0.65 | -$0.43 |
| Net margin | 23.9% | -1.7% | -29.1% | 8.2% | -6.0% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$973M
EV / EBITDA14.7
EV / Sales2.7
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-3.1%
FCF yield—
Quality & risk
ROIC (est.)—
Free cash flow—
Total debt$291M
Net cash-$282M
Piotroski F-Score2/8
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+34.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Acquisition / disposition2026-05-28
Completed announced acquisition (Item 2.01); expands asset base but adds integration risk
- 8-K Reg FD disclosure2026-05-04
Q1 2026 results following weak FY2025 (-$21.6M net loss, -8.4% op margin)
- 10-Q Quarterly report2026-05-04
Q1 2026 results following weak FY2025 (-$21.6M net loss, -8.4% op margin)
- 10-K/A Restated periodic report2026-03-26
Amended FY2025 10-K; restatement/correction signals disclosure issues
- 8-K Material agreement2026-03-10
Entered material definitive agreement (Item 1.01), likely acquisition/financing deal
- 8-K Reg FD disclosure2026-02-26
FY2025: revenue +27% to $363M but net loss $21.6M; LT debt +85% to $291M
- 10-K Annual report2026-02-26
FY2025: revenue +27% to $363M but net loss $21.6M; LT debt +85% to $291M
- 8-K Reg FD disclosure2025-11-04
Q3 2025 interim results during deteriorating FY2025 profitability trend
- 10-Q Quarterly report2025-11-04
Q3 2025 interim results during deteriorating FY2025 profitability trend
Recent filings
all on EDGAR ↗4Period ending 2026-06-222026-06-24open ↗SCHEDULE 13D/AFiling2026-06-04open ↗4Period ending 2026-06-022026-06-03open ↗8-KPeriod ending 2026-05-282026-05-28open ↗4Period ending 2026-05-272026-05-27open ↗4Period ending 2026-05-212026-05-26open ↗SCHEDULE 13D/AFiling2026-05-22open ↗4Period ending 2026-05-182026-05-20open ↗4Period ending 2026-05-132026-05-15open ↗4Period ending 2026-05-082026-05-11open ↗4Period ending 2026-05-072026-05-11open ↗10-QPeriod ending 2026-03-312026-05-04open ↗
Frequently asked
- Is TXO Partners, L.P. (TXO) a buy?
- TXO currently carries a Hold rating with 2/5 conviction, derived from its latest SEC filings. Cheap-ish Permian/San Juan/Williston E&P with a fat distribution profile but FY2025 swung back to a GAAP loss as debt nearly doubled.
- What is TXO Partners, L.P.'s quality score?
- TXO scores 44.11764705882352/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001559432, latest 10-Q filed 2026-05-04) · EODHD · analysis by claude-code · as of 6/25/2026, 3:19:28 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.