Security
TXO Partners, L.P. · TXO
TXONYSECommon stockCurrentCIK 1559432Updated Oct 6, 2026
Name history
TXO Energy Partners, L.P. · through May 9, 2023MorningStar Partners, L.P. · through Jan 27, 2023
TXO price & chart
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NYSE:TXO on TradingView ↗About the company
TXO Partners, L.P. is a master limited partnership focused on the acquisition, development, optimization and exploitation of conventional oil, natural gas, and natural gas liquids (NGL) reserves in North America. TXO’s current acreage positions are concentrated in the Permian Basin of West Texas and New Mexico, the San Juan Basin of New Mexico and Colorado and the Williston Basin of Montana and North Dakota.
In the news
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Seeking Alpha
Ten energy stocks with strong revenue growth and attractive valuations ↗
TXO Partners: An 11% Yield And A Chairman Who Keeps Buying ↗
SEC disclosures
TXO Partners, L.P. files 8-K: Material Event ↗
Recent filings
10-Q filing
Regulation FD Disclosure
Items 7.01, 9.01
4 filing
4 filing
Regulation FD Disclosure
Items 7.01, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 1,376,158,000Source | 1,016,170,000Source | 1,251,419,000Source | 1,046,680,000Source | 774,519,000Source | 1,321,787,000Source | 1,033,305,000Source | 688,203,000Source | 1,354,903,000Source | 1,030,841,000Source | 695,613,000Source | 924,632,000Source |
| Property, Plant and Equipment, NetUSD | 1,284,529,000Source | 945,340,000Source | 1,056,372,000Source | 958,356,000Source | 647,556,000Source | 1,215,502,000Source | 935,665,000Source | 623,751,000Source | 1,240,644,000Source | 951,391,000Source | 629,323,000Source | 836,405,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 5,308,000Source | 3,846,000Source | 107,478,000Source | 7,953,000Source | 75,999,000Source | 7,886,000Source | 10,842,000Source | 4,570,000Source | 9,374,000Source | 7,305,000Source | 4,505,000Source | 9,204,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 45,602,000Source | 34,999,000Source | 51,171,000Source | 36,991,000Source | 28,509,000Source | 58,448,000Source | 38,485,000Source | 30,721,000Source | 52,391,000Source | 39,689,000Source | 32,226,000Source | 52,304,000Source |
| Assets, CurrentUSD | 76,921,000Source | 54,129,000Source | 179,495,000Source | 70,756,000Source | 117,023,000Source | 90,227,000Source | 81,580,000Source | 53,927,000Source | 95,334,000Source | 64,447,000Source | 55,189,000Source | 74,027,000Source |
| Other Assets, NoncurrentUSD | 14,708,000Source | 16,701,000Source | 15,552,000Source | 17,568,000Source | 9,940,000Source | 16,058,000Source | 16,060,000Source | 10,525,000Source | 18,925,000Source | 15,003,000Source | 11,101,000Source | 14,200,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| Liabilities and EquityUSD | 1,376,158,000Source | 1,016,170,000Source | 1,251,419,000Source | 1,046,680,000Source | 774,519,000Source | 1,321,787,000Source | 1,033,305,000Source | 688,203,000Source | 1,354,903,000Source | 1,030,841,000Source | 695,613,000Source | 924,632,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 160,617,000Source | 53,141,000Source | 170,639,000Source | 72,713,000Source | 35,842,000Source | 210,000,000Source | 81,952,000Source | 39,724,000Source | 153,917,000Source | 66,337,000Source | 39,116,000Source | 147,464,000Source |
| Accounts Payable, CurrentUSD | 29,664,000Source | 14,085,000Source | 33,062,000Source | 18,779,000Source | 8,829,000Source | 38,991,000Source | 19,782,000Source | 7,659,000Source | 27,979,000Source | 18,217,000Source | 8,598,000Source | 14,686,000Source |
| Other Liabilities, NoncurrentUSD | 208,221,000Source | 186,550,000Source | 162,627,000Source | 201,843,000Source | 158,789,000Source | 230,219,000Source | 200,520,000Source | 156,648,000Source | 218,154,000Source | 197,988,000Source | 154,599,000Source | 135,531,000Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 47,177,000Source | 34,612,000Source | 41,038,000Source | 33,621,000Source | 22,926,000Source | 37,766,000Source | 31,743,000Source | 25,143,000Source | 45,776,000Source | 38,927,000Source | 23,362,000Source | 34,128,000Source |
| Long-term DebtUSD | 271,100,000Source | 155,100,000Source | 270,100,000Source | 19,100,000Source | 7,100,000Source | 277,100,000Source | 162,100,000Source | 26,100,000Source | 291,100,000Source | 157,100,000Source | 28,100,000Source | 120,100,000Source |
| Partners' CapitalUSD | 736,220,000Source | 621,379,000Source | 648,053,000Source | 753,024,000Source | 572,788,000Source | 604,468,000Source | 588,733,000Source | 465,731,000Source | 691,732,000Source | 609,416,000Source | 473,798,000Source | 521,537,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | 23,697,000Source | 13,573,000Source | 23,968,000Source | 21,684,000Source | 28,838,000Source | 21,429,000Source | 96,574,000Source | 52,409,000Source | 44,288,000Source | 41,364,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 3,574,000Source | 2,131,000Source | 16,303,000Source | 6,165,000Source | 3,470,000Source | 0Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 6,147,000Source | -1,195,000Source | 12,773,000Source | 7,991,000Source | -19,683,000Source | 22,753,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 33,408,000Source | 30,610,000Source | 118,187,000Source | 109,299,000Source | 77,150,000Source | 136,380,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -4,381,000Source | -6,843,000Source | -335,317,000Source | -288,283,000Source | -46,220,000Source | -86,670,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 1,446,000Source | 1,151,000Source | 2,358,000Source | 851,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -30,515,000Source | -20,230,000Source | 219,199,000Source | 181,784,000Source | -35,629,000Source | -48,053,000Source |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | 37,000,000Source | 31,000,000Source | 271,500,000Source | 122,000,000Source | 178,000,000Source | 1,493,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -1,488,000Source | 3,537,000Source | 2,069,000Source | 2,800,000Source | -4,699,000Source | 1,657,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 5,308,000Source | 3,846,000Source | 107,478,000Source | 7,953,000Source | 7,886,000Source | 10,842,000Source | 9,374,000Source | 7,305,000Source | 4,505,000Source | 9,204,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 5,700,000Source | 3,200,000Source | 15,400,000Source | 7,000,000Source | 3,500,000Source | 7,900,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | 3,600,000Source | 2,100,000Source | 16,300,000Source | 6,200,000Source | 3,500,000Source | 0Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | — | — | 3,982,000Source | 2,926,000Source | 3,201,000Source | 3,828,000Source | 4,568,000Source | 3,813,000Source | 15,651,000Source | 11,623,000Source | 8,644,000Source | 6,055,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | 10,320,000Source | -543,000Source | 16,444,000Source | 14,835,000Source | -91,280,000Source | -9,487,000Source | 37,865,000Source | -2,566,000Source | 23,179,000Source | -203,214,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | 3,070,000Source | 6,000Source | -23,184,000Source | 7,400,000Source | -15,644,000Source | -1,896,000Source | 13,713,000Source | 4,833,000Source | -83,068,000Source | -89,997,000Source |
| General and Administrative ExpenseUSD | — | — | 4,834,000Source | 3,275,000Source | 4,751,000Source | 9,454,000Source | 4,814,000Source | 2,441,000Source | 21,464,000Source | 14,529,000Source | 7,887,000Source | 1,646,000Source |
| InterestExpenseNonoperatingUSD | — | — | 4,505,000Source | 1,860,000Source | 5,579,000Source | 2,571,000Source | 5,740,000Source | 3,621,000Source | 16,964,000Source | 7,873,000Source | — | — |
| Investment Income, InterestUSD | — | — | 113,000Source | 700,000Source | 197,000Source | 300,000Source | 99,000Source | 103,000Source | 618,000Source | 1,078,000Source | 461,000Source | 143,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 4,352,000Source | 203,000Source | 60,771,000Source | -135,000Source | -74,336,000Source | 2,416,000Source | -21,619,000Source | 23,496,000Source | -103,987,000Source | -7,668,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 4,352,000Source | 203,000Source | 60,771,000Source | -135,000Source | -74,336,000Source | 2,416,000Source | -21,619,000Source | 23,496,000Source | -103,987,000Source | -7,668,000Source |
| Nonoperating Income (Expense)USD | — | — | 592,000Source | 5,169,000Source | 3,106,000Source | 3,580,000Source | 3,215,000Source | 5,999,000Source | 8,962,000Source | 30,357,000Source | 19,794,000Source | 18,012,000Source |
| Operating ExpensesUSD | — | — | 97,116,000Source | 73,697,000Source | 93,207,000Source | 93,594,000Source | 105,827,000Source | 87,908,000Source | 431,593,000Source | 289,671,000Source | 504,499,000Source | 272,077,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | 23,000,000Source | 36,000,000Source | 405,500,000Source | 251,000,000Source | 86,000,000Source | 1,461,000,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | 7,250,000Source | -549,000Source | 39,628,000Source | 7,435,000Source | -75,636,000Source | -7,591,000Source | 24,152,000Source | -7,399,000Source | 106,247,000Source | -113,217,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 90,556,000Source | 69,274,000Source | 134,428,000Source | 75,044,000Source | 119,556,000Source | 93,812,000Source | 363,147,000Source | 285,376,000Source | 357,539,000Source | 449,611,000Source |
| Operating Income (Loss)USD | — | — | 3,760,000Source | -4,966,000Source | 57,665,000Source | -3,715,000Source | -77,551,000Source | -3,583,000Source | -30,581,000Source | -6,861,000Source | -123,781,000Source | -25,680,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 4,352,000Source | 203,000Source | 60,771,000Source | -135,000Source | -74,336,000Source | 2,416,000Source | -21,619,000Source | 23,496,000Source | -103,987,000Source | -7,668,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.08Source | 0.01Source | 1.1Source | 0Source | -1.35Source | 0.06Source | -0.43Source | 0.66Source | -3.44Source | -0.31Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.08Source | 0.01Source | 1.07Source | 0Source | -1.35Source | 0.06Source | -0.43Source | 0.65Source | -3.44Source | -0.31Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 54,784,000Source | 39,272,000Source | 55,446,000Source | 48,220,000Source | 55,090,000Source | 41,083,000Source | 49,769,000Source | 35,559,000Source | 30,265,000Source | 25,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 55,807,000Source | 39,828,000Source | 56,682,000Source | 48,220,000Source | 55,090,000Source | 41,814,000Source | 49,769,000Source | 36,132,000Source | 30,265,000Source | 25,000,000Source |
| Interest Expense (non-operating)USD | — | — | 4,505,000Source | 1,860,000Source | 5,579,000Source | 2,571,000Source | 5,740,000Source | 3,621,000Source | 16,964,000Source | 7,873,000Source | — | — |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | 3,070,000Source | 6,000Source | -23,184,000Source | 7,400,000Source | -15,644,000Source | -1,896,000Source | 13,713,000Source | 4,833,000Source | -83,068,000Source | -89,997,000Source |
| General and Administrative ExpenseUSD | — | — | 4,834,000Source | 3,275,000Source | 4,751,000Source | 9,454,000Source | 4,814,000Source | 2,441,000Source | 21,464,000Source | 14,529,000Source | 7,887,000Source | 1,646,000Source |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 4,423,000Source | 8,198,000Source |
| Investment Income, InterestUSD | — | — | 113,000Source | 700,000Source | 197,000Source | 300,000Source | 99,000Source | 103,000Source | 618,000Source | 1,078,000Source | 461,000Source | 143,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 4,352,000Source | 203,000Source | 60,771,000Source | -135,000Source | -74,336,000Source | 2,416,000Source | -21,619,000Source | 23,496,000Source | -103,987,000Source | -7,668,000Source |
| Nonoperating Income (Expense)USD | — | — | 592,000Source | 5,169,000Source | 3,106,000Source | 3,580,000Source | 3,215,000Source | 5,999,000Source | 8,962,000Source | 30,357,000Source | 19,794,000Source | 18,012,000Source |
| Operating ExpensesUSD | — | — | 97,116,000Source | 73,697,000Source | 93,207,000Source | 93,594,000Source | 105,827,000Source | 87,908,000Source | 431,593,000Source | 289,671,000Source | 504,499,000Source | 272,077,000Source |
Filing attachments
txo-ex99_1.htm · 8-K · 2026-11-03
PRESS RELEASE Contact Information: TXO Partners Brent W. Clum Co-CEO and CFO 817.334.7800 ir@txopartners.com Release Date: November 3, 2026 TXO PARTNERS DECLARES A THIRD QUARTER 2026 DISTRIBUTION OF $0.44 ON COMMON UNITS Fort Worth, TX, November 2026 - TXO Partners, L.P. (NYSE, NYSE Texas: TXO) announced today that the Board of Directors of its general partner declared a distribution of $0.44 per common unit for the quarter ended September 30, 2026. The quarterly distribution will be p…
Read attachment ↗txo-ex99_2.htm · 8-K · 2026-11-03
TXO Partners, L.P. Investor Presentation November 2026 This presentation contains “forward-looking” statements, as defined under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on our management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements other than statements of historical facts contained in this presentation, including…
Read attachment ↗txo-ex99_1.htm · 8-K · 2026-08-04
EX-99.1 2 txo-ex99_1.htm EX-99.1 EX-99.1 PRESS RELEASE Contact Information: TXO Partners Brent W. Clum Co-CEO and CFO 817.334.7800 ir@txopartners.com Release Date: August 4, 2026 TXO PARTNERS DECLARES A SECOND QUARTER 2026 DISTRIBUTION OF $0.40 ON COMMON UNITS Fort Worth, TX, August 2026 - TXO Partners, L.P. (NYSE, NYSE Texas: TXO) announced today that the Board of Directors of its general partner declared a distribution of $0.40 per common unit for the quarter ended June 30, 2026…
Read attachment ↗txo-ex99_2.htm · 8-K · 2026-08-04
EX-99.2 3 txo-ex99_2.htm EX-99.2 TXO Partners, L.P. Investor Presentation August 2026 This presentation contains “forward-looking” statements, as defined under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on our management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements other than statements of historical facts contai…
Read attachment ↗txo-ex99_1.htm · 8-K · 2026-05-28
EX-99.1 2 txo-ex99_1.htm EX-99.1 EX-99.1 TXO PARTNERS, L.P. PRO FORMA FINANCIAL STATEMENTS (Unaudited) Introduction TXO Partners, L.P. ( “TXO Partners”) engages in oil and natural gas exploration and production. The unaudited pro forma financial statements have been prepared in accordance with Article 11 of Regulation S-X, using assumptions set forth in the notes to the unaudited pro forma financial statements. The following unaudited pro forma financial statements of the TXO Partners r…
Read attachment ↗txo-ex99_1.htm · 8-K · 2026-05-04
EX-99.1 2 txo-ex99_1.htm EX-99.1 EX-99.1 PRESS RELEASE Contact Information: TXO Partners Brent W. Clum Co-CEO and CFO 817.334.7800 ir@txopartners.com Release Date: May 4, 2026 TXO PARTNERS DECLARES A FIRST QUARTER 2026 DISTRIBUTION OF $0.36 ON COMMON UNITS Fort Worth, TX, May 2026 - TXO Partners, L.P. (NYSE, NYSE Texas: TXO) announced today that the Board of Directors of its general partner declared a distribution of $0.36 per common unit for the quarter ended March 31, 2026. The …
Read attachment ↗