Wednesday 11 November 2026
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TXO Partners LP
TXOTXO Partners LP’s revenue for fiscal 2025 (year ended December 2025) was $401.0 million, up 41.8% from fiscal 2024.
- Revenue
- −45.4%
- EPS
- −823.4%
- Free cash flow
- +116.2%
- Total debt
- 0.00%
Quarter to September 2026, against a year earlier
13.75
0.58
+4.40%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | 109 | 228 | 246 | 381 | 283 | 401 | 360 | +29.8% | 383 | 474 | 427 | +2.1% | |
| Gross margin, % | — | — | — | — | 54.76 | 69.62 | 48.04 | 61.95 | 46.72 | 53.44 | 48.28 | (1.3) pt | ||||||
| EBT | — | — | — | — | (163) | 52 | (8) | (104) | 23 | (22) | (74) | (33.3%) | ||||||
| EBT margin, % | — | — | — | — | (150.08) | 22.98 | (3.11) | (27.31) | 8.31 | (5.39) | (20.52) | +144.7 pt | ||||||
| Net income | — | — | — | — | (163) | 52 | (8) | (104) | 23 | (22) | (74) | (33.3%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 3.54 | 9.13 | 9.86 | 12.58 | 7.95 | 8.06 | 6.50 | +17.9% | |||||
| Earnings | — | — | — | — | (5.31) | 2.10 | (0.31) | (3.44) | 0.66 | (0.43) | (1.40) | (39.5%) | ||||||
| Cash flow | — | — | — | — | 0.62 | 2.95 | 5.46 | 2.55 | 3.07 | 2.37 | 2.68 | +31.0% | ||||||
| Capex | — | — | — | — | (0.38) | (8.78) | (2.52) | (0.34) | (7.45) | (5.30) | 1.87 | +69.2% | ||||||
| Free cash flow | — | — | — | — | 0.24 | (5.83) | 2.94 | 2.20 | (4.38) | (2.92) | 4.55 | n/m | ||||||
| Book value | — | — | — | — | 0.00 | 21.65 | 20.86 | 15.66 | 17.14 | 13.90 | 10.76 | n/m | ||||||
| Shares, m | — | — | — | — | 31 | 25 | 25 | 30 | 36 | 50 | 54 | +10.1% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 24.22 | 0.00 | 0.00 | 4.0 | |||||
| P/S | — | — | — | — | 2.23 | 2.23 | 2.23 | 1.50 | 2.12 | 1.32 | 2.12 | 1.9 | ||||||
| P/B | — | — | — | — | 1.74 | 1.74 | 1.74 | 1.20 | 0.98 | 0.77 | 1.28 | 1.4 | ||||||
| EV/Sales | — | — | — | — | 2.68 | 2.68 | 2.68 | 1.56 | 2.65 | 2.03 | 2.85 | 2.4 | ||||||
| EV/FCF | — | — | — | — | 9.00 | 9.00 | 9.00 | 8.90 | (4.81) | (5.59) | 4.07 | 4.3 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 19 | 74 | 136 | 77 | 109 | 118 | 149 | +44.2% | |||||
| Capex | — | — | — | — | (12) | (219) | (63) | (10) | (265) | (264) | 103 | +86.4% | ||||||
| Free cash flow | — | — | — | — | 7 | (146) | 73 | 67 | (156) | (145) | 252 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 22 | 22 | (73) | 16 | (2) | (59) | (56) | n/m | |||||
| Net debt | — | — | — | — | 129 | 145 | 111 | 24 | 150 | 282 | 262 | +16.9% | ||||||
| Shareholders’ equity | — | — | — | — | — | 541 | 522 | 474 | 609 | 692 | 597 | +6.3% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | 12.60 | (0.87) | (12.84) | 2.72 | (1.81) | (5.76) | (1.8) pt | |||||
| ROIC | — | — | — | — | (75.06) | 4.03 | (2.54) | (15.55) | (0.56) | (1.96) | (6.22) | +73.1 pt | ||||||
| ROE | — | — | — | — | 0.00 | 18.41 | (2.49) | (26.35) | 4.34 | (3.32) | (11.09) | (3.3) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | 191 | 189 | 209 | 231 | — | +6.5% | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.00 | 1.29 | 2.01 | 1.35 | 1.74 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
TXO Partners LP vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| REPX Riley Exploration Permian, Inc. | $912.5M | 8.7× | 12.5× | +88.30% (above 0%: growing) | n/m | +29.44% (above 0%: growing) | 100.00% | 53.04% | Compare |
| HPK HighPeak Energy, Inc. | $862.4M | — (loss-making) | — (loss-making) | +25.84% (above 0%: growing) | +215.79% (above 0%: growing) | +41.01% (above 0%: growing) | 76.83% | 29.46% | Compare |
| INR Infinity Natural Resources Inc. | $828.3M | 4.3× | 5.4× | +129.63% (above 0%: growing) | +14.41% (above 0%: growing) | +3,802.98% (above 0%: growing) | 82.81% | 41.23% | Compare |
| GRNT Granite Ridge Resources, Inc. | $795.7M | — (loss-making) | 20.3× | +57.28% (above 0%: growing) | n/m | +642.07% (above 0%: growing) | 100.00% | 33.44% | Compare |
| TXO TXO Partners LP | $761.3M | — (loss-making) | 109× | −45.39% (below 0%: shrinking) | n/m | +116.23% (above 0%: growing) | 20.37% | (70.05%) | |
| VTS Vitesse Energy, Inc. | $626.1M | — (loss-making) | — (loss-making) | +23.00% (above 0%: growing) | n/m | −177.32% (below 0%: shrinking) | 100.00% | 19.69% | Compare |
| OBE Obsidian Energy | $614.6M | 28.4× | 8.3× | +51.95% (above 0%: growing) | +7.61% (above 0%: growing) | +152.40% (above 0%: growing) | 68.59% | 19.50% | Compare |
| GPRK Geopark Ltd | $602.2M | 7.3× | 11.7× | −7.13% (below 0%: shrinking) | −67.74% (below 0%: shrinking) | −283.79% (below 0%: shrinking) | 50.48% | 10.01% | Compare |
| EGY Vaalco Energy Inc | $564.9M | — (loss-making) | 35.9× | +140.91% (above 0%: growing) | n/m | +273.68% (above 0%: growing) | 100.00% | 30.12% | Compare |
| Median of peers | $710.9M | 8.0× | 12.1× | +54.61% | +11.01% | +96.71% | 91.41% | 29.79% |