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TXO Partners, L.P. share price today

TXO Partners, L.P. · TXO · Energy · Oil & Gas Exploration & Production · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists

TXO Partners, L.P. share price: $13.09 at the close on 4 November 2026, −1.2% in a year.

MixedBusiness trend from fewer quarters than usual
$13.09Price −1.2% in a year
32.5×P/E higher than 68% of the last 3.2 years
$151 MRevenue (Jun 2026) +67.9% on a year ago
$60.8 MProfit (Jun 2026)
38.2%Operating margin +42.3 points on a year ago
−3%ROE FY25
−5.7%ROIC against a 5.0% cost of capital: −10.7 points

TXO Partners, L.P.'s share price has risen faster than its earnings: −1.2% in a year, against −166.8% for earnings per share.

The main question: the share price moved −1.2% in a year while yearly earnings per share moved −166.8%. The difference came from the market paying a higher multiple.

The price has been moving sideways for 1 weeks, and the P/E is higher than 68% of its own last 3.2 years. Over the last four quarters, results have been improving, and 241% of the last 2 years' profit came in as cash. What will decide it: whether earnings grow into a price that has already moved.

What is the TXO Partners, L.P. share price today?

TXO Partners, L.P.'s share price was $13.09 at the close on 4 November 2026. It has been moving sideways for 1 week. That is 0.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between $11 and $15, and at that close it sat 52% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today TXO Partners, L.P. is in stage 1. The phase helps read everything below.

Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 1 week running.

1Y

Nov 2026: $13.09, 0.5% below its 200-day average. The price has been moving sideways for 1 week.

  • Price $13.09
  • 50-day avg $14.37
  • 200-day avg $13.16
Nov 2026: $13.09, 0.5% below its 200-day average. The price has been moving sideways for 1 week.
WeekPrice50-day avg200-day avg
31 Oct 2025$13.12$13.71$16.10
7 Nov 2025$13.25$13.62$15.95
14 Nov 2025$13.56$13.61$15.82
21 Nov 2025$12.65$13.55$15.68
28 Nov 2025$12.49$13.42$15.54
5 Dec 2025$12.49$13.26$15.37
12 Dec 2025$11.80$13.04$15.17
19 Dec 2025$10.68$12.72$14.97
26 Dec 2025$10.55$12.51$14.79
2 Jan 2026$10.99$12.34$14.61
9 Jan 2026$10.50$12.06$14.38
16 Jan 2026$10.83$11.82$14.17
23 Jan 2026$11.15$11.64$14.03
30 Jan 2026$12.07$11.46$13.92
6 Feb 2026$12.04$11.37$13.80
13 Feb 2026$12.61$11.39$13.69
20 Feb 2026$12.63$11.40$13.60
27 Feb 2026$12.52$11.48$13.49
6 Mar 2026$12.62$11.67$13.41
13 Mar 2026$12.36$11.85$13.34
20 Mar 2026$12.77$12.04$13.28
27 Mar 2026$13.14$12.27$13.23
2 Apr 2026$12.52$12.41$13.17
10 Apr 2026$12.20$12.52$13.09
17 Apr 2026$11.50$12.50$13.01
24 Apr 2026$12.29$12.47$12.93
1 May 2026$12.32$12.45$12.86
8 May 2026$12.31$12.43$12.80
15 May 2026$13.07$12.46$12.74
22 May 2026$13.71$12.56$12.70
29 May 2026$12.72$12.61$12.67
5 Jun 2026$13.44$12.68$12.65
12 Jun 2026$13.17$12.73$12.64
18 Jun 2026$12.38$12.73$12.61
26 Jun 2026$12.51$12.77$12.58
2 Jul 2026$12.37$12.83$12.55
10 Jul 2026$13.05$12.89$12.53
17 Jul 2026$12.80$12.95$12.50
24 Jul 2026$13.14$13.01$12.47
31 Jul 2026$13.43$13.00$12.45
7 Aug 2026$13.75$13.00$12.46
14 Aug 2026$13.81$13.10$12.49
21 Aug 2026$14.24$13.14$12.51
28 Aug 2026$14.50$13.28$12.53
4 Sep 2026$15.06$13.52$12.56
11 Sep 2026$15.44$13.75$12.61
18 Sep 2026$14.58$13.96$12.67
25 Sep 2026$14.33$14.08$12.72
2 Oct 2026$13.86$14.18$12.77
9 Oct 2026$14.28$14.28$12.86
16 Oct 2026$14.22$14.38$12.95
23 Oct 2026$14.19$14.37$13.04
30 Oct 2026$14.03$14.41$13.13
4 Nov 2026$13.09$14.37$13.16
Weekly closing price ($) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 1-year window.

3Y

Nov 2026: $13.09, 0.5% below its 200-day average. The price has been moving sideways for 1 week.

  • Price $13.09
  • 50-day avg $14.37
  • 200-day avg $13.16
Nov 2026: $13.09, 0.5% below its 200-day average. The price has been moving sideways for 1 week.
WeekPrice50-day avg200-day avg
3 Nov 2023$19.00$20.46–
10 Nov 2023$18.75$20.23–
17 Nov 2023$18.62$19.92$21.67
24 Nov 2023$18.56$19.70$21.58
1 Dec 2023$18.12$19.40$21.46
8 Dec 2023$18.35$19.13$21.33
15 Dec 2023$18.43$18.95$21.18
22 Dec 2023$18.17$18.78$21.05
29 Dec 2023$18.18$18.65$20.96
5 Jan 2024$18.85$18.58$20.89
12 Jan 2024$18.98$18.51$20.79
19 Jan 2024$18.55$18.47$20.70
26 Jan 2024$18.90$18.48$20.57
2 Feb 2024$18.37$18.48$20.45
9 Feb 2024$17.77$18.42$20.34
16 Feb 2024$18.57$18.39$20.23
23 Feb 2024$18.20$18.41$20.16
1 Mar 2024$17.79$18.39$20.05
8 Mar 2024$18.48$18.40$19.94
15 Mar 2024$17.60$18.36$19.83
22 Mar 2024$17.69$18.26$19.73
28 Mar 2024$17.95$18.17$19.66
5 Apr 2024$18.27$18.13$19.60
12 Apr 2024$18.40$18.07$19.52
19 Apr 2024$18.23$18.09$19.43
26 Apr 2024$18.75$18.16$19.35
3 May 2024$18.19$18.15$19.28
10 May 2024$20.65$18.27$19.22
17 May 2024$22.62$18.63$19.22
24 May 2024$21.19$19.00$19.23
31 May 2024$21.48$19.31$19.22
7 Jun 2024$20.57$19.57$19.20
14 Jun 2024$20.50$19.83$19.19
21 Jun 2024$21.82$20.05$19.18
28 Jun 2024$20.16$20.31$19.16
5 Jul 2024$21.23$20.52$19.16
12 Jul 2024$21.05$20.77$19.15
19 Jul 2024$21.00$21.05$19.16
26 Jul 2024$20.23$21.08$19.19
2 Aug 2024$19.59$20.84$19.19
9 Aug 2024$20.37$20.67$19.19
16 Aug 2024$20.37$20.64$19.21
23 Aug 2024$19.40$20.53$19.22
30 Aug 2024$20.00$20.44$19.25
6 Sep 2024$18.47$20.23$19.25
13 Sep 2024$18.29$20.01$19.25
20 Sep 2024$18.41$19.75$19.25
27 Sep 2024$19.08$19.52$19.26
4 Oct 2024$19.07$19.42$19.31
11 Oct 2024$19.52$19.34$19.34
18 Oct 2024$18.80$19.27$19.36
25 Oct 2024$19.26$19.14$19.36
1 Nov 2024$18.45$19.04$19.36
8 Nov 2024$18.66$18.94$19.35
15 Nov 2024$18.31$18.91$19.36
22 Nov 2024$18.24$18.88$19.36
29 Nov 2024$17.74$18.84$19.37
6 Dec 2024$16.57$18.70$19.33
13 Dec 2024$16.54$18.41$19.30
20 Dec 2024$16.67$18.07$19.25
27 Dec 2024$16.81$17.88$19.22
3 Jan 2025$16.93$17.72$19.21
10 Jan 2025$17.33$17.54$19.19
17 Jan 2025$19.39$17.49$19.19
24 Jan 2025$19.15$17.55$19.21
31 Jan 2025$18.59$17.55$19.23
7 Feb 2025$18.86$17.63$19.25
14 Feb 2025$19.07$17.76$19.26
21 Feb 2025$19.82$17.98$19.29
28 Feb 2025$19.51$18.29$19.31
7 Mar 2025$19.41$18.58$19.24
14 Mar 2025$19.54$18.86$19.18
21 Mar 2025$19.65$19.14$19.14
28 Mar 2025$19.15$19.33$19.11
4 Apr 2025$17.03$19.27$19.06
11 Apr 2025$16.88$19.02$18.94
17 Apr 2025$16.92$18.85$18.86
25 Apr 2025$16.95$18.64$18.76
2 May 2025$16.98$18.37$18.66
9 May 2025$17.00$18.08$18.56
16 May 2025$15.20$17.80$18.46
23 May 2025$15.30$17.36$18.34
30 May 2025$14.96$17.00$18.24
6 Jun 2025$15.08$16.53$18.10
13 Jun 2025$15.30$16.15$17.99
20 Jun 2025$15.91$16.04$17.92
27 Jun 2025$15.22$15.91$17.83
3 Jul 2025$15.27$15.78$17.77
11 Jul 2025$15.14$15.60$17.68
18 Jul 2025$14.92$15.41$17.59
25 Jul 2025$15.43$15.20$17.48
1 Aug 2025$14.97$15.20$17.37
8 Aug 2025$14.70$15.16$17.27
15 Aug 2025$14.02$15.11$17.15
22 Aug 2025$14.02$14.98$17.02
29 Aug 2025$14.09$14.83$16.91
5 Sep 2025$13.57$14.69$16.81
12 Sep 2025$13.86$14.54$16.69
19 Sep 2025$13.92$14.43$16.60
26 Sep 2025$14.32$14.33$16.52
3 Oct 2025$14.25$14.25$16.45
10 Oct 2025$13.25$14.12$16.40
17 Oct 2025$12.80$13.92$16.31
24 Oct 2025$13.35$13.77$16.21
31 Oct 2025$13.12$13.71$16.10
7 Nov 2025$13.25$13.62$15.95
14 Nov 2025$13.56$13.61$15.82
21 Nov 2025$12.65$13.55$15.68
28 Nov 2025$12.49$13.42$15.54
5 Dec 2025$12.49$13.26$15.37
12 Dec 2025$11.80$13.04$15.17
19 Dec 2025$10.68$12.72$14.97
26 Dec 2025$10.55$12.51$14.79
2 Jan 2026$10.99$12.34$14.61
9 Jan 2026$10.50$12.06$14.38
16 Jan 2026$10.83$11.82$14.17
23 Jan 2026$11.15$11.64$14.03
30 Jan 2026$12.07$11.46$13.92
6 Feb 2026$12.04$11.37$13.80
13 Feb 2026$12.61$11.39$13.69
20 Feb 2026$12.63$11.40$13.60
27 Feb 2026$12.52$11.48$13.49
6 Mar 2026$12.62$11.67$13.41
13 Mar 2026$12.36$11.85$13.34
20 Mar 2026$12.77$12.04$13.28
27 Mar 2026$13.14$12.27$13.23
2 Apr 2026$12.52$12.41$13.17
10 Apr 2026$12.20$12.52$13.09
17 Apr 2026$11.50$12.50$13.01
24 Apr 2026$12.29$12.47$12.93
1 May 2026$12.32$12.45$12.86
8 May 2026$12.31$12.43$12.80
15 May 2026$13.07$12.46$12.74
22 May 2026$13.71$12.56$12.70
29 May 2026$12.72$12.61$12.67
5 Jun 2026$13.44$12.68$12.65
12 Jun 2026$13.17$12.73$12.64
18 Jun 2026$12.38$12.73$12.61
26 Jun 2026$12.51$12.77$12.58
2 Jul 2026$12.37$12.83$12.55
10 Jul 2026$13.05$12.89$12.53
17 Jul 2026$12.80$12.95$12.50
24 Jul 2026$13.14$13.01$12.47
31 Jul 2026$13.43$13.00$12.45
7 Aug 2026$13.75$13.00$12.46
14 Aug 2026$13.81$13.10$12.49
21 Aug 2026$14.24$13.14$12.51
28 Aug 2026$14.50$13.28$12.53
4 Sep 2026$15.06$13.52$12.56
11 Sep 2026$15.44$13.75$12.61
18 Sep 2026$14.58$13.96$12.67
25 Sep 2026$14.33$14.08$12.72
2 Oct 2026$13.86$14.18$12.77
9 Oct 2026$14.28$14.28$12.86
16 Oct 2026$14.22$14.38$12.95
23 Oct 2026$14.19$14.37$13.04
30 Oct 2026$14.03$14.41$13.13
4 Nov 2026$13.09$14.37$13.16
Weekly closing price ($) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 3-year window.

Price stage: Falling from Oct 2025 to May 2026; Sideways from May 2026 to Jun 2026; Falling from Jun 2026 to Jul 2026; Sideways from Jul 2026 to Nov 2026.

Price stage: Sideways from Jun 2024 to Aug 2024; Falling from Sep 2024 to Nov 2024; Sideways from Nov 2024 to Feb 2025; Sideways from Feb 2025 to Mar 2025; Falling from Apr 2025 to May 2026; Sideways from May 2026 to Jun 2026; Falling from Jun 2026 to Jul 2026; Sideways from Jul 2026 to Nov 2026.

Week by week since 2023: did it beat the S&P 500 over the past 13 weeks?

Ahead in 53 of 184 weeks

Week by week since 2023: did it beat the S&P 500 over the past 13 weeks?
Week13-week return vs S&P 500
3 Feb 2023no S&P 500 reading
10 Feb 2023no S&P 500 reading
17 Feb 2023no S&P 500 reading
24 Feb 2023no S&P 500 reading
3 Mar 2023no S&P 500 reading
10 Mar 2023no S&P 500 reading
17 Mar 2023no S&P 500 reading
24 Mar 2023no S&P 500 reading
31 Mar 2023no S&P 500 reading
6 Apr 2023no S&P 500 reading
14 Apr 2023no S&P 500 reading
21 Apr 2023no S&P 500 reading
28 Apr 2023no S&P 500 reading
5 May 2023−1.3%
12 May 2023−5.6%
19 May 2023−2.5%
26 May 2023−13.3%
2 Jun 2023−12.4%
9 Jun 2023−19.2%
16 Jun 2023−20.3%
23 Jun 2023−13.7%
30 Jun 2023−14.6%
7 Jul 2023−18.1%
14 Jul 2023−19.7%
21 Jul 2023−15.6%
28 Jul 2023−14.2%
4 Aug 2023−15.5%
11 Aug 2023−5.3%
18 Aug 2023−10.7%
25 Aug 2023−8.3%
1 Sep 2023−5.5%
8 Sep 2023+0.3%
15 Sep 2023+1.0%
22 Sep 2023−2.2%
29 Sep 2023−2.6%
6 Oct 2023−7.2%
13 Oct 2023−2.8%
20 Oct 2023+3.2%
27 Oct 2023+0.7%
3 Nov 2023−6.8%
10 Nov 2023−15.5%
17 Nov 2023−15.8%
24 Nov 2023−16.3%
1 Dec 2023−19.7%
8 Dec 2023−18.5%
15 Dec 2023−19.2%
22 Dec 2023−24.2%
29 Dec 2023−21.7%
5 Jan 2024−11.4%
12 Jan 2024−14.9%
19 Jan 2024−21.6%
26 Jan 2024−20.8%
2 Feb 2024−17.0%
9 Feb 2024−19.0%
16 Feb 2024−11.1%
23 Feb 2024−13.5%
1 Mar 2024−13.5%
8 Mar 2024−10.5%
15 Mar 2024−13.1%
22 Mar 2024−12.7%
28 Mar 2024−11.3%
5 Apr 2024−13.9%
12 Apr 2024−10.2%
19 Apr 2024−4.4%
26 Apr 2024−5.1%
3 May 2024−4.4%
10 May 2024+12.3%
17 May 2024+15.8%
24 May 2024+12.2%
31 May 2024+17.9%
7 Jun 2024+7.0%
14 Jun 2024+10.0%
21 Jun 2024+18.9%
28 Jun 2024+8.3%
5 Jul 2024+9.2%
12 Jul 2024+4.8%
19 Jul 2024+4.3%
26 Jul 2024+0.8%
2 Aug 2024+3.5%
9 Aug 2024−3.7%
16 Aug 2024−14.6%
23 Aug 2024−14.6%
30 Aug 2024−13.8%
6 Sep 2024−11.4%
13 Sep 2024−14.3%
20 Sep 2024−20.0%
27 Sep 2024−10.4%
4 Oct 2024−13.5%
11 Oct 2024−10.8%
18 Oct 2024−17.0%
25 Oct 2024−11.2%
1 Nov 2024−13.0%
8 Nov 2024−20.6%
15 Nov 2024−15.8%
22 Nov 2024−11.9%
29 Nov 2024−18.2%
6 Dec 2024−22.8%
13 Dec 2024−17.1%
20 Dec 2024−13.5%
27 Dec 2024−16.0%
3 Jan 2025−14.5%
10 Jan 2025−11.4%
17 Jan 2025+0.9%
24 Jan 2025−5.6%
31 Jan 2025−4.6%
7 Feb 2025+0.6%
14 Feb 2025+0.1%
21 Feb 2025+7.9%
28 Feb 2025+11.4%
7 Mar 2025+22.4%
14 Mar 2025+25.0%
21 Mar 2025+22.5%
28 Mar 2025+20.5%
4 Apr 2025+15.2%
11 Apr 2025+5.4%
17 Apr 2025−0.8%
25 Apr 2025−2.1%
2 May 2025−2.8%
9 May 2025−3.8%
16 May 2025−17.8%
23 May 2025−19.3%
30 May 2025−22.5%
6 Jun 2025−26.3%
13 Jun 2025−27.8%
20 Jun 2025−24.4%
27 Jun 2025−31.2%
3 Jul 2025−34.1%
11 Jul 2025−27.1%
18 Jul 2025−31.0%
25 Jul 2025−24.7%
1 Aug 2025−21.5%
8 Aug 2025−26.4%
15 Aug 2025−16.0%
22 Aug 2025−19.8%
29 Aug 2025−15.3%
5 Sep 2025−18.0%
12 Sep 2025−19.5%
19 Sep 2025−24.2%
26 Sep 2025−13.5%
3 Oct 2025−13.7%
10 Oct 2025−17.2%
17 Oct 2025−20.1%
24 Oct 2025−19.8%
31 Oct 2025−22.1%
7 Nov 2025−15.2%
14 Nov 2025−7.7%
21 Nov 2025−11.9%
28 Nov 2025−17.3%
5 Dec 2025−13.9%
12 Dec 2025−18.6%
19 Dec 2025−25.8%
26 Dec 2025−30.6%
2 Jan 2026−25.0%
9 Jan 2026−27.0%
16 Jan 2026−19.5%
23 Jan 2026−18.2%
30 Jan 2026−9.5%
6 Feb 2026−12.1%
13 Feb 2026−8.5%
20 Feb 2026−4.8%
27 Feb 2026−0.1%
6 Mar 2026+3.0%
13 Mar 2026+7.6%
20 Mar 2026+24.3%
27 Mar 2026+32.7%
2 Apr 2026+17.9%
10 Apr 2026+18.3%
17 Apr 2026+3.5%
24 Apr 2026+6.6%
1 May 2026−2.1%
8 May 2026−4.6%
15 May 2026−4.8%
22 May 2026+0.4%
29 May 2026−8.7%
5 Jun 2026−3.2%
12 Jun 2026−5.4%
18 Jun 2026−18.2%
26 Jun 2026−19.8%
2 Jul 2026−14.8%
10 Jul 2026−4.1%
17 Jul 2026+6.6%
24 Jul 2026+3.4%
31 Jul 2026+5.3%
7 Aug 2026+6.9%
14 Aug 2026+0.6%
21 Aug 2026+1.2%
28 Aug 2026+12.3%
4 Sep 2026+7.6%
11 Sep 2026+14.2%
18 Sep 2026+15.8%
25 Sep 2026+8.7%
2 Oct 2026+8.7%
9 Oct 2026+6.3%
16 Oct 2026+8.4%
23 Oct 2026+5.1%
30 Oct 2026+3.3%
4 Nov 2026−4.0%
Each bar is one week, from 2023 to now (184 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the S&P 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 3.8 years the share price moved −43% while the S&P 500 moved +86%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 30 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What dividend does TXO Partners, L.P. pay?

TXO Partners, L.P. paid $1.41 per share over the last four reported quarters. The most recent declaration was $0.40 for Jun 2026. At today's price of $13.09 that is a yield of 10.77%, based on dividends already paid, not a forecast.

A dividend is cash paid out for each share. The 12-month total is the four most recent quarters added together.

Dividend per share each quarter: latest $0.40 (Jun 2026)

  • Dividend per share $0.40
Dividend per share each quarter: latest $0.40 (Jun 2026)
QuarterDividend per share
Sep 2023$0.52
Dec 2023$0.58
Mar 2024$0.65
Jun 2024$0.57
Sep 2024$0.58
Dec 2024$0.61
Mar 2025$0.61
Jun 2025$0.45
Sep 2025$0.35
Dec 2025$0.30
Mar 2026$0.36
Jun 2026$0.40
Declared dividend per share, $ a share, each reported quarter. 12 quarters on file.

Which stock lists is TXO Partners, L.P. on?

TXO Partners, L.P. is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Is TXO Partners, L.P. profitable?

TXO Partners, L.P. earned $60.8 M of net profit in the Jun 2026 quarter. The full FY25 year was a loss of $21.6 M. That is 40.3% of the quarter's revenue. The same quarter a year earlier lost $135 K. 4 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY25 profit was −$21.6 M (−192.0% on the year before).

FY25 profit −$21.6 M (−192.0% on the year before)

  • Net profit −$21.6 M
FY25 profit −$21.6 M (−192.0% on the year before)
QuarterNet profit
FY21$52.5 M
FY22−$7.7 M
FY23−$104 M
FY24$23.5 M
FY25−$21.6 M

Growth on a year earlier

  • Growth on a year earlier −192%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY22−114.6%
FY23–
FY24–
FY25−192%
Top: net profit each year, $ M. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Jun 2026: $60.8 M

  • Net profit (quarterly) $60.8 M
Jun 2026: $60.8 M
QuarterNet profit (quarterly)
Sep 2023$8.5 M
Dec 2023−$194 M
Mar 2024$10.3 M
Jun 2024$2.8 M
Sep 2024$0.2 M
Dec 2024$10.2 M
Mar 2025$2.4 M
Jun 2025−$0.1 M
Sep 2025$4.4 M
Dec 2025−$28.3 M
Mar 2026−$74.3 M
Jun 2026$60.8 M

Growth on a year earlier

  • Growth on a year earlier −3,176.8%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2023−84.8%
Dec 2023–
Mar 2024−87.7%
Jun 2024–
Sep 2024−97.6%
Dec 2024–
Mar 2025−76.5%
Jun 2025−104.8%
Sep 20252,043.8%
Dec 2025−376.5%
Mar 2026−3,176.8%
Jun 2026–
Top: net profit each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

On average over the last four quarters, profit changed −503.2% and revenue +22.3%. Profit is growing slower than sales: rising costs are taking part of the growth.

How much revenue does TXO Partners, L.P. make, and is it growing?

TXO Partners, L.P. reported $151 M of revenue in the Jun 2026 quarter, +67.9% on the same quarter a year earlier. Over 4 years it has grown 15.1% a year on average. The last full year, FY25, came in at $401 M. The last four reported quarters add to $406 M.

Revenue is everything the company billed its customers in the period.

FY25 revenue was $401 M, +41.8% on the year before.

FY25 revenue $401 M (+41.8% on the year before), 15.1% a year over 4 years

  • Revenue $401 M
FY25 revenue $401 M (+41.8% on the year before), 15.1% a year over 4 years
QuarterRevenue
FY21$228 M
FY22$246 M
FY23$381 M
FY24$283 M
FY25$401 M

Growth on a year earlier

  • Growth on a year earlier 41.8%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY227.9%
FY2354.5%
FY24−25.7%
FY2541.8%
Top: revenue each year, $ M. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Jun 2026: $151 M (+67.9% on a year earlier)

  • Revenue (quarterly) $151 M
Jun 2026: $151 M (+67.9% on a year earlier)
QuarterRevenue (quarterly)
Sep 2023$69.9 M
Dec 2023$92.0 M
Mar 2024$67.4 M
Jun 2024$57.3 M
Sep 2024$68.7 M
Dec 2024$89.3 M
Mar 2025$84.3 M
Jun 2025$89.9 M
Sep 2025$101 M
Dec 2025$126 M
Mar 2026$28.3 M
Jun 2026$151 M

Growth on a year earlier

  • Growth on a year earlier 67.9%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2023−42.1%
Dec 2023117.1%
Mar 2024−57.4%
Jun 2024−5.2%
Sep 2024−1.6%
Dec 2024−2.9%
Mar 202525%
Jun 202556.8%
Sep 202546.8%
Dec 202541%
Mar 2026−66.5%
Jun 202667.9%
Top: revenue each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +22.3% on average, against 15.1% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +22.2%, against +19.0% a year over the last 8 quarters (accelerating).

How much of every $100 of sales does TXO Partners, L.P. keep?

TXO Partners, L.P.'s operating margin was 38.2% in the Jun 2026 quarter, 42.3 percentage points higher than the same quarter a year ago. Across 5 years it has been between −32.5% and 19.4%. The latest quarter is above every full year in that period.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +42.3 percentage points on the year while gross margin changed +20.7 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

FY25: −7.6%, within a range of −32.5% to 19.4% over 5 years

  • Operating margin −7.6%
FY25: −7.6%, within a range of −32.5% to 19.4% over 5 years
QuarterOperating margin
FY2119.4%
FY22−10.4%
FY23−32.5%
FY24−2.4%
FY25−7.6%

Change on the year before (points)

  • Change on the year before (points) −5.2 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY21–
FY22−29.8 pts
FY23−22.1 pts
FY24+30.1 pts
FY25−5.2 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 5-year window.

Jun 2026: operating margin 38.2% (+42.3 points on a year earlier)

  • Operating margin 38.2%
Jun 2026: operating margin 38.2% (+42.3 points on a year earlier)
QuarterOperating margin
Sep 20236.3%
Dec 2023−215.5%
Mar 20244%
Jun 2024−17.6%
Sep 2024−7.2%
Dec 20246.2%
Mar 2025−4.2%
Jun 2025−4.1%
Sep 20253.7%
Dec 2025−21.5%
Mar 2026−274.3%
Jun 202638.2%

Change on a year earlier (points)

  • Change on a year earlier (points) +42.3 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Sep 2023−35.6 pts
Dec 2023−151.6 pts
Mar 2024−45.8 pts
Jun 2024−3.1 pts
Sep 2024−13.5 pts
Dec 2024+221.7 pts
Mar 2025−8.2 pts
Jun 2025+13.5 pts
Sep 2025+10.9 pts
Dec 2025−27.7 pts
Mar 2026−270.1 pts
Jun 2026+42.3 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is TXO Partners, L.P.'s profit turning into cash?

Over the last 2 years, 241% of TXO Partners, L.P.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $118 M of operating cash against −$21.6 M of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After $335 M of spending on assets, free cash was −$217 M: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY25: operating cash $118 M against profit −$21.6 M; 241% of 2 years' profit came in as cash

  • Operating cash $118 M
  • Net profit −$21.6 M
  • Free cash −$217 M
FY25: operating cash $118 M against profit −$21.6 M; 241% of 2 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY21$73.7 M$52.5 M−$154 M
FY22$136 M−$7.7 M$49.4 M
FY23$77.2 M−$104 M$30.9 M
FY24$109 M$23.5 M−$179 M
FY25$118 M−$21.6 M−$217 M
Operating cash flow and net profit each year, $ M. The line is free cash flow: operating cash minus spending on assets. 5-year window, yearly figures.

Jun 2026: operating cash $49.1 M = 81% of the quarter's profit

  • Operating cash (quarterly) $49.1 M
Jun 2026: operating cash $49.1 M = 81% of the quarter's profit
QuarterOperating cash (quarterly)
Sep 2023$24.2 M
Dec 2023$17.4 M
Mar 2024$25.2 M
Jun 2024$22.9 M
Sep 2024$20.7 M
Dec 2024$40.5 M
Mar 2025$30.6 M
Jun 2025$26.9 M
Sep 2025$28.3 M
Dec 2025$32.5 M
Mar 2026$33.4 M
Jun 2026$49.1 M

Operating cash as % of profit

  • Operating cash as % of profit 81%
Operating cash as % of profit
QuarterOperating cash as % of profit
Sep 2023285%
Dec 2023–
Mar 2024245%
Jun 2024815%
Sep 202410,202%
Dec 2024396%
Mar 20251,267%
Jun 2025–
Sep 2025650%
Dec 2025–
Mar 2026–
Jun 202681%
Top: operating cash each quarter, $ M. Below: operating cash as a % of net profit; 100% means all of the quarter's profit came in as cash. Last 12 quarters.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Where does TXO Partners, L.P.'s cash go?

TXO Partners, L.P. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $670 M on assets over the last 3 years. Averaged over those years that is 55.7% of FY25 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $670 M over the last 3 years.

FY25: capex $335 M, steady spending

  • Capex $335 M
FY25: capex $335 M, steady spending
QuarterCapex
FY21$228 M
FY22$87.0 M
FY23$46.2 M
FY24$288 M
FY25$335 M
Capital spending each year, $ M.

Jun 2026: capex $16.6 M in the quarter

  • Capex (quarterly) $16.6 M
Jun 2026: capex $16.6 M in the quarter
QuarterCapex (quarterly)
Sep 2023$12.0 M
Dec 2023$5.7 M
Mar 2024$3.0 M
Jun 2024$35.5 M
Sep 2024$235 M
Dec 2024$15.4 M
Mar 2025$8.6 M
Jun 2025$41.0 M
Sep 2025$256 M
Dec 2025$29.9 M
Mar 2026$10.7 M
Jun 2026$16.6 M

Free cash

  • Free cash $32.5 M
Free cash
QuarterFree cash
Sep 2023$12.2 M
Dec 2023$11.7 M
Mar 2024$22.2 M
Jun 2024−$12.6 M
Sep 2024−$214 M
Dec 2024$25.1 M
Mar 2025$22.0 M
Jun 2025−$14.1 M
Sep 2025−$228 M
Dec 2025$2.5 M
Mar 2026$22.8 M
Jun 2026$32.5 M
Top: capital spending each quarter, $ M. Below: free cash flow, $ M. Last 12 quarters.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

What is TXO Partners, L.P.'s P/E ratio, and how does it compare with its own history?

TXO Partners, L.P.'s P/E is 32.5×, in the middle of its own history: higher than 68% of past readings. Its usual P/E (the middle reading) is 26.8×, over 3.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

P/E 32.5× against a usual 26.8×: in the middle of its own history: higher than 68% of past readings

  • P/E 32.5×
  • Median 26.8×
P/E 32.5× against a usual 26.8×: in the middle of its own history: higher than 68% of past readings
WeekP/EMedian
3 Feb 202315.6×26.8×
10 Feb 202315.6×26.8×
17 Feb 202315.4×26.8×
24 Feb 202316.2×26.8×
3 Mar 202316.1×26.8×
10 Mar 202315.4×26.8×
17 Mar 202315.4×26.8×
24 Mar 202315.5×26.8×
31 Mar 20234.46×26.8×
6 Apr 20234.62×26.8×
14 Apr 20234.61×26.8×
21 Apr 20234.25×26.8×
28 Apr 20234.30×26.8×
5 May 20234.37×26.8×
12 May 20234.22×26.8×
19 May 20234.39×26.8×
26 May 20234.27×26.8×
2 Jun 20234.27×26.8×
9 Jun 20234.02×26.8×
16 Jun 20234.03×26.8×
23 Jun 20234.21×26.8×
30 Jun 20235.26×26.8×
7 Jul 20235.18×26.8×
14 Jul 20235.17×26.8×
21 Jul 20235.03×26.8×
28 Jul 20235.18×26.8×
4 Aug 20235.10×26.8×
11 Aug 20235.47×26.8×
18 Aug 20235.17×26.8×
25 Aug 20235.18×26.8×
1 Sep 20235.36×26.8×
8 Sep 20235.26×26.8×
15 Sep 20235.17×26.8×
22 Sep 20235.14×26.8×
29 Sep 20234.94×26.8×
6 Oct 20238.97×26.8×
13 Oct 20239.21×26.8×
20 Oct 20239.25×26.8×
27 Oct 20238.95×26.8×
3 Nov 20238.81×26.8×
10 Nov 20238.70×26.8×
17 Nov 20238.64×26.8×
24 Nov 20238.61×26.8×
1 Dec 20238.40×26.8×
8 Dec 20238.51×26.8×
15 Dec 20238.55×26.8×
22 Dec 20238.43×26.8×
29 Dec 20238.43×26.8×
5 Jan 20248.74×26.8×
12 Jan 20248.80×26.8×
19 Jan 20248.60×26.8×
26 Jan 20248.77×26.8×
2 Feb 20248.52×26.8×
9 Feb 20248.24×26.8×
16 Feb 20248.61×26.8×
23 Feb 20248.44×26.8×
1 Mar 20248.25×26.8×
8 Mar 20248.57×26.8×
15 Mar 20248.16×26.8×
22 Mar 20248.21×26.8×
28 Mar 20248.33×26.8×
5 Apr 20248.47×26.8×
12 Apr 20248.53×26.8×
19 Apr 20248.46×26.8×
26 Apr 20248.70×26.8×
3 May 20248.44×26.8×
3 Jan 202525.3×26.8×
10 Jan 202525.9×26.8×
17 Jan 202529.0×26.8×
24 Jan 202528.7×26.8×
31 Jan 202527.8×26.8×
7 Feb 202528.2×26.8×
14 Feb 202528.6×26.8×
21 Feb 202529.7×26.8×
28 Feb 202529.2×26.8×
7 Mar 202529.1×26.8×
14 Mar 202529.3×26.8×
21 Mar 202529.4×26.8×
28 Mar 202528.7×26.8×
4 Apr 202542.9×26.8×
11 Apr 202542.5×26.8×
17 Apr 202542.6×26.8×
25 Apr 202542.7×26.8×
2 May 202542.8×26.8×
9 May 202542.8×26.8×
16 May 202538.3×26.8×
23 May 202538.5×26.8×
30 May 202537.7×26.8×
6 Jun 202538.0×26.8×
13 Jun 202538.5×26.8×
20 Jun 202540.1×26.8×
27 Jun 202538.3×26.8×
3 Jul 202549.8×26.8×
11 Jul 202549.8×26.8×
18 Jul 202549.1×26.8×
25 Jul 202549.8×26.8×
1 Aug 202549.2×26.8×
8 Aug 202548.4×26.8×
15 Aug 202546.1×26.8×
22 Aug 202546.1×26.8×
29 Aug 202546.4×26.8×
5 Sep 202544.6×26.8×
12 Sep 202545.6×26.8×
19 Sep 202545.8×26.8×
26 Sep 202547.1×26.8×
3 Oct 202537.6×26.8×
10 Oct 202535.0×26.8×
17 Oct 202533.8×26.8×
24 Oct 202535.2×26.8×
31 Oct 202534.6×26.8×
7 Nov 202535.0×26.8×
14 Nov 202535.8×26.8×
21 Nov 202533.4×26.8×
28 Nov 202533.0×26.8×
5 Dec 202533.0×26.8×
12 Dec 202531.1×26.8×
19 Dec 202528.2×26.8×
26 Dec 202527.8×26.8×
2 Jan 202629.0×26.8×
9 Jan 202627.7×26.8×
16 Jan 202628.6×26.8×
23 Jan 202629.4×26.8×
30 Jan 202631.9×26.8×
6 Feb 202631.8×26.8×
13 Feb 202633.3×26.8×
20 Feb 202633.3×26.8×
27 Feb 202633.0×26.8×
6 Mar 202633.3×26.8×
13 Mar 202632.6×26.8×
20 Mar 202633.7×26.8×
27 Mar 202634.7×26.8×
2 Apr 202633.0×26.8×
10 Apr 202632.2×26.8×
17 Apr 202630.3×26.8×
24 Apr 202632.4×26.8×
1 May 202632.5×26.8×

Earnings per share, 12 months

  • Earnings per share, 12 months $0.38
Earnings per share, 12 months
WeekEarnings per share, 12 months
3 Feb 2023–
10 Feb 2023–
17 Feb 2023–
24 Feb 2023–
3 Mar 2023–
10 Mar 2023–
17 Mar 2023–
24 Mar 2023–
31 Mar 2023$5.18
6 Apr 2023$5.18
14 Apr 2023$5.18
21 Apr 2023$5.18
28 Apr 2023$5.18
5 May 2023$5.18
12 May 2023$5.18
19 May 2023$5.18
26 May 2023$5.18
2 Jun 2023$5.18
9 Jun 2023$5.18
16 Jun 2023$5.18
23 Jun 2023$5.18
30 Jun 2023$4.12
7 Jul 2023$4.12
14 Jul 2023$4.12
21 Jul 2023$4.12
28 Jul 2023$4.12
4 Aug 2023$4.12
11 Aug 2023$4.12
18 Aug 2023$4.12
25 Aug 2023$4.12
1 Sep 2023$4.12
8 Sep 2023$4.12
15 Sep 2023$4.12
22 Sep 2023$4.12
29 Sep 2023$4.12
6 Oct 2023$4.12
13 Oct 2023$4.12
20 Oct 2023$4.12
27 Oct 2023$4.12
3 Nov 2023$4.12
10 Nov 2023$4.12
17 Nov 2023$4.12
24 Nov 2023$4.12
1 Dec 2023$4.12
8 Dec 2023$4.12
15 Dec 2023$4.12
22 Dec 2023$4.12
29 Dec 2023$2.16
5 Jan 2024$2.16
12 Jan 2024$2.16
19 Jan 2024$2.16
26 Jan 2024$2.16
2 Feb 2024$2.16
9 Feb 2024$2.16
16 Feb 2024$2.16
23 Feb 2024$2.16
1 Mar 2024$2.16
8 Mar 2024$2.16
15 Mar 2024$2.16
22 Mar 2024$2.16
28 Mar 2024$2.16
5 Apr 2024$2.16
12 Apr 2024$2.16
19 Apr 2024$2.16
26 Apr 2024$2.16
3 May 2024$2.16
3 Jan 2025$2.16
10 Jan 2025$2.16
17 Jan 2025$2.16
24 Jan 2025$2.16
31 Jan 2025$2.16
7 Feb 2025$2.16
14 Feb 2025$2.16
21 Feb 2025$2.16
28 Feb 2025$2.16
7 Mar 2025$2.16
14 Mar 2025$2.16
21 Mar 2025$2.16
28 Mar 2025$0.67
4 Apr 2025$0.67
11 Apr 2025$0.67
17 Apr 2025$0.67
25 Apr 2025$0.67
2 May 2025$0.67
9 May 2025$0.67
16 May 2025$0.67
23 May 2025$0.67
30 May 2025$0.67
6 Jun 2025$0.67
13 Jun 2025$0.67
20 Jun 2025$0.67
27 Jun 2025$0.40
3 Jul 2025$0.40
11 Jul 2025$0.40
18 Jul 2025$0.40
25 Jul 2025$0.40
1 Aug 2025$0.40
8 Aug 2025$0.40
15 Aug 2025$0.40
22 Aug 2025$0.40
29 Aug 2025$0.40
5 Sep 2025$0.40
12 Sep 2025$0.40
19 Sep 2025$0.40
26 Sep 2025$0.30
3 Oct 2025$0.30
10 Oct 2025$0.30
17 Oct 2025$0.30
24 Oct 2025$0.30
31 Oct 2025$0.30
7 Nov 2025$0.30
14 Nov 2025$0.30
21 Nov 2025$0.30
28 Nov 2025$0.30
5 Dec 2025$0.30
12 Dec 2025$0.30
19 Dec 2025$0.30
26 Dec 2025$0.38
2 Jan 2026$0.38
9 Jan 2026$0.38
16 Jan 2026$0.38
23 Jan 2026$0.38
30 Jan 2026$0.38
6 Feb 2026$0.38
13 Feb 2026$0.38
20 Feb 2026$0.38
27 Feb 2026$0.38
6 Mar 2026$0.38
13 Mar 2026$0.38
20 Mar 2026$0.38
27 Mar 2026$0.38
2 Apr 2026$0.38
10 Apr 2026$0.38
17 Apr 2026$0.38
24 Apr 2026$0.38
1 May 2026$0.38
Top: P/E each week. Below: earnings per share, trailing twelve months, a step line that moves once a quarter; 3.2 years of history; short peaks above 50× are drawn at the top edge.
32.5×P/E · higher than 68% of its last 3.2 years
n/mPEG · cannot be worked out, because 3-year earnings growth is not available

Why the multiple is where it is: over the past year earnings per share moved −166.8% while the price moved −1.2%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 3 years the price moved −11.7% a year; about −58.2% a year came from earnings growth and about +46.5 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Is the TXO Partners, L.P. business getting better or worse?

TXO Partners, L.P.'s business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 0.2%; each line tells part of the story. This is based on 12 quarters of 3 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +41.8% in FY25, profit −192.0%

  • Revenue growth 41.8%
Growth year by year: revenue +41.8% in FY25, profit −192.0%
QuarterRevenue growth
FY21–
FY227.9%
FY2354.5%
FY24−25.7%
FY2541.8%

Profit growth, EPS growth

  • Profit growth −192%
  • EPS growth −166.8%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY21––
FY22−114.6%−114.8%
FY23––
FY24––
FY25−192%−166.8%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn.

Three growth lines over twelve quarters: revenue accelerating

  • Revenue 22.2%
Three growth lines over twelve quarters: revenue accelerating
QuarterRevenue
Sep 202312.8%
Dec 202354.5%
Mar 2024−30.1%
Jun 2024−25%
Sep 2024−13.8%
Dec 2024−25.7%
Mar 20253.4%
Jun 202515.9%
Sep 202527.7%
Dec 202541.8%
Mar 202615.1%
Jun 202622.2%

Profit, EPS

  • Profit −300%
  • EPS −300%
Profit, EPS
QuarterProfitEPS
Sep 2023−84.8%46.8%
Dec 2023––
Mar 2024−87.7%−211.8%
Jun 2024–−236.4%
Sep 2024−97.6%−300%
Dec 2024––
Mar 2025−76.5%–
Jun 2025−104.8%–
Sep 2025300%–
Dec 2025−300%−156.8%
Mar 2026−300%−300%
Jun 2026–−300%
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. Where the 12-month history is short, the line uses single-quarter growth instead, which is noisier; extreme jumps from a tiny base are evened out before reading. Extreme jumps from a tiny base are drawn at the edge (▲). A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE 0.2%
ROCE: the return line, worked out each quarter
QuarterROCE
Sep 20235.7%
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 2024−0.8%
Mar 2025−1.6%
Jun 2025−0.8%
Sep 20250.2%
Dec 2025–
Mar 2026–
Jun 2026–
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
FlatRevenue growth · latest +22.2%, range −30.1% to +54.5%
FallingProfit growth · latest −3,176.8%, range −100.0% to +100.0%
Stuck lowROCE · latest 0.2%, range −1.6% to 5.7%

Why it matters: when the lines disagree, each line above matters more than any single label.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+41.8%+17.6%——
Stock price−1.2%−11.7%——
+67.9%Revenue growth (Jun 2026) · latest quarter against a year ago
15.1%Revenue, 4 years · yearly growth over the long run

How much does TXO Partners, L.P. earn on its capital?

TXO Partners, L.P. earned a ROE of −3% in FY25. That is up from a low of −22% in FY23. Its return on capital used (ROIC) is 10.7 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

It comes from a −5.4% net margin and 0.30× asset turnover (sales divided by assets).

Why the return is what it is (FY25): a −5.4% net margin × 0.30× asset turnover × 1.96× leverage (assets divided by equity) ≈ −3.2% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: −5.7% − 5.0% = −10.7 percentage points. The 5.0% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

FY25: ROE −3%, the climb back from FY23's −22%

  • ROE −3.1%
  • Cost of capital 5%
FY25: ROE −3%, the climb back from FY23's −22%
QuarterROECost of capital
FY219.7%5%
FY22−1.5%5%
FY23−21.9%5%
FY243.9%5%
FY25−3.1%5%
Return on equity each year, % (line). 5-year window, low years included. The flat line is the 5.0% cost of capital used on this page.

Jun 2026: ROE −45.9% (last 12 months)

  • ROE (12 months) −45.9%
Jun 2026: ROE −45.9% (last 12 months)
QuarterROE (12 months)
Sep 2023−1.5%
Dec 20234.9%
Mar 2024−134%
Jun 20248.7%
Sep 20242.2%
Dec 20240.1%
Mar 20256.6%
Jun 20251.6%
Sep 2025−0.1%
Dec 20252.3%
Mar 2026−15.8%
Jun 2026−45.9%
ROE over the last 12 months, each quarter, %. Last 12 quarters, lined up with the yearly figure.

Does TXO Partners, L.P. have too much debt?

TXO Partners, L.P. has total debt of $270 M against shareholder equity of $648 M as of Jun 2026, so its debt is 0.42× its equity. Year by year, that ratio went from 0.28 in FY21 to 0.42 in FY25. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY25: debt $291 M, 0.42× equity

  • Total debt $291 M
FY25: debt $291 M, 0.42× equity
QuarterTotal debt
FY21$152 M
FY22$120 M
FY23$28.1 M
FY24$157 M
FY25$291 M

Debt-to-equity

  • Debt-to-equity 0.42×
Debt-to-equity
QuarterDebt-to-equity
FY210.28×
FY220.23×
FY230.06×
FY240.26×
FY250.42×
Top: total debt each year, $ M. Below: debt-to-equity, ×. 5-year window.

Jun 2026: debt $270 M, debt-to-equity 0.42

  • Total debt (quarterly) $270 M
Jun 2026: debt $270 M, debt-to-equity 0.42
QuarterTotal debt (quarterly)
Sep 2023$25.1 M
Dec 2023$28.1 M
Mar 2024$26.1 M
Jun 2024$7.1 M
Sep 2024$155 M
Dec 2024$157 M
Mar 2025$162 M
Jun 2025$19.1 M
Sep 2025$271 M
Dec 2025$291 M
Mar 2026$277 M
Jun 2026$270 M

Debt-to-equity

  • Debt-to-equity 0.42×
Debt-to-equity
QuarterDebt-to-equity
Sep 20230.04×
Dec 20230.06×
Mar 20240.06×
Jun 20240.01×
Sep 20240.25×
Dec 20240.26×
Mar 20250.28×
Jun 20250.03×
Sep 20250.37×
Dec 20250.42×
Mar 20260.46×
Jun 20260.42×
Top: total debt each quarter, $ M. Below: debt-to-equity, ×. Last 12 quarters.

What is the TXO Partners, L.P. shareholding pattern?

1.1% of TXO Partners, L.P.'s tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 2.9 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

1.1%Short interest · of the tradable float
2.9Days to cover · at typical volumes

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

How far is TXO Partners, L.P. from balance-sheet trouble?

For TXO Partners, L.P., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

How does TXO Partners, L.P. rank in its industry?

There is no score against its industry: TXO Partners, L.P. is not among the largest members shown in this industry comparison for Oil & Gas Exploration & Production.

The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.

Which companies is TXO Partners, L.P. compared with?

No sector comparison is shown here, not among the largest members shown in this industry comparison.

Which companies are close to TXO Partners, L.P. in size?

TXO Partners, L.P. is the 42nd largest of 57 Oil & Gas Exploration & Production companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: HighPeak Energy, Inc., Riley Exploration Permian, Inc. and Infinity Natural Resources, Inc. Just below it: Vitesse Energy, Inc., Obsidian Energy and Granite Ridge Resources, Inc.

Oil & Gas Exploration & Production companies close in size

  1. HighPeak Energy, Inc. $957 million
  2. Riley Exploration Permian, Inc. $950 million
  3. Infinity Natural Resources, Inc. $800 million
  4. TXO Partners, L.P. $726 million
  5. Vitesse Energy, Inc. $618 million
  6. Obsidian Energy Ltd. $617 million
  7. Granite Ridge Resources, Inc. $611 million

All 57 Oil & Gas Exploration & Production companies, largest first

Companies close in size in other industries

  1. Green Dot Corporation $727 million · Credit Services
  2. Chimera Investment Corporation $727 million · REIT - Mortgage
  3. TXO Partners, L.P. $726 million
  4. Community West Bancshares $726 million · Banks - Regional
  5. World Acceptance Corporation $725 million · Credit Services

What else do people ask about TXO Partners, L.P.?

What were TXO Partners, L.P.'s latest quarterly results?

TXO Partners, L.P. reported revenue of $151 M and net profit of $60.8 M for the Jun 2026 quarter. Earnings per share were $1.07. The operating margin was 38.2%, 42.3 percentage points higher than a year earlier (as of 4 November 2026).

What is TXO Partners, L.P.'s market cap?

TXO Partners, L.P.'s market capitalisation is $726 M at a stock price of $13.09. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

How is TXO Partners, L.P. performing?

TXO Partners, L.P.'s share price has been moving sideways for 1 weeks. Over the past 13 weeks it has done worse than the S&P 500, for 1 week running. This describes what the data did, not a rating (as of 4 November 2026).

Will TXO Partners, L.P.'s stock price go up?

This page does not forecast TXO Partners, L.P.'s stock price. What it shows instead: the stock price is $13.09, and it has been moving sideways for 1 weeks. Its P/E of 32.5× is higher than 68% of its own last 3 years (as of 4 November 2026).

Does TXO Partners, L.P. have too much debt?

TXO Partners, L.P. has a moderate amount of debt: its debt is 0.45× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026).

Is TXO Partners, L.P.'s profit real cash?

Yes, over the last 2 years, 241% of TXO Partners, L.P.'s reported profit came in as cash from operations. The latest year was lower at -547%, so the trend is worth watching. In FY25, operating cash was $118 M against reported profit of −$21.6 M.

Most of that cash then goes into building new capacity. These are yearly figures (as of 4 November 2026).

Where is TXO Partners, L.P. in its business cycle?

TXO Partners, L.P.'s FY25 operating margin was −7.6%, against a 5-year range of −32.5% to 19.4%: the middle of its own range, neither a peak nor a low. The latest quarter was 38.2%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).

What could break the TXO Partners, L.P. story?

The main question: the share price moved −1.2% in a year while yearly earnings per share moved −166.8%. The difference came from the market paying a higher multiple.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is TXO Partners, L.P. a stock worth studying right now?

What the numbers show: TXO Partners, L.P.'s share price has risen faster than its earnings: −1.2% in a year, against −166.8% for earnings per share. The main open question: whether earnings grow into a price that has already moved.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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