TXO Partners LP

TXO

Energy Oil & Gas E&P

TXO 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%
Market cap
$761.3M
P/E
n/m
Fwd P/E
109×
Dividend yield
10.3%
F-score
4/9
ROIC
−6.22%
Net debt / EBITDA
2.6×
Dividend safety
6/100

Insider Decisions last twelve months

Net bought
$38.7M
Trades
5 sells · 12 buys
Ownership
30.6%

Capital & Financial Ratios $m

Size
Market Cap 761
Revenue ttm 360
Net income ttm (74)
Free cash flow ttm 252
Net debt Q 262
Valuation
P/E n/m
Forward P/E 109.0 (above 35: high)
Price / sales 2.1
Forward P/S Powerpack
Price / FCF 3.0
Price / book 1.3
Financial health
Current ratio Q 0.6 (below 1: weak)
Debt / equity Q 0.5 (at or below 0.5: strong)
Interest coverage Q (7.0)
Growth
Revenue growth Q −45.4% (below 0%: shrinking)
Operating income growth Q −1,126.4% (below 0%: shrinking)
EPS, this year +277.9% (at or above 15%: strong)
EPS, next year A +151.3% (at or above 15%: strong)
Revenue, next year A −4.4% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A −11.4% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

P/S against its own 10 years 63.51%
10-year low 10-year high
P/B against its own 10 years 88.01%
10-year low 10-year high
EV/Sales against its own 10 years 82.65%
10-year low 10-year high

Dividends

Yield
10.3%
Annual rate
1.41
Payout ratio
—
Growth, 2023–26
0.00%/yr
  1. 1.50 ’23
  2. 2.38 ’24 +59
  3. 2.02 ’25 −15
  4. 1.50 ’26 −26
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 5 7 9 9
Receivables 32 40 52 63
Inventory — — — —
Other 18 17 34 24
55 64 95 95
2023 2024 2025 Q'26
Payables 9 18 28 41
ST’ Debt — — — —
Other 7 9 10 59
39 66 154 152

Compound Annual Growth %

10y 5y 3y
Sales — 29.82% 17.63%
Cash Flow — 44.19% (4.66%)
Earnings — 0.00% 0.00%
Book Value — 0.00% 9.87%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (1.35) 1.07 (0.58) — —
’25 0.06 0.00 0.08 (0.57) (0.43)
’24 0.33 0.09 0.01 0.26 0.65
’23 2.86 (0.08) 0.27 (6.37) (3.44)
’22 (2.62) 0.98 2.23 (0.89) (0.31)
’21 — — — — 2.10
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 28 151 55 — —
’25 84 90 101 126 401
’24 67 57 69 89 283
’23 158 60 70 92 381
’22 (10) 93 121 42 246
’21 — — — — 228
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 33 49 34 — —
’25 31 27 28 32 118
’24 25 23 21 41 109
’23 17 18 24 17 77
’22 29 40 35 33 136
’21 — — — 74 74
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 38 142 34 — —
’25 32 (9) (207) 38 (145)
’24 25 (7) (211) 38 (156)
’23 16 12 22 17 67
’22 24 39 (22) 32 73
’21 — — — (146) (146)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell

Ten 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

All 10 years →

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%

All 74 Oil & Gas E&P stocks →

TXO Partners LP (TXO) Latest News

7 Apr

10 Mar

Impact 4 · · Business Wire

13 Jan

Impact 4 · · Simply Wall St.
stockrow.com/TXO · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com