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TXO Partners, L.P.

TXOEnergyNASDAQ

Oil & Gas E&P · Last scanned May 30, 2026

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Financials · Annual
Revenue
$401.0M
+41.8% YoY
Net Income
-$21.6M
-192.0% YoY
EBITDA
$91.9M
+9.7% YoY
Free Cash Flow
-$117.7M

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About TXO Partners, L.P.

TXO Partners, L.P., an oil and natural gas company, focuses on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North. Valued at $702.7M, TXO is a small-cap name in its sector. Its 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.

Key stats
Market Cap$702.7M
Fwd P/E13.11
EPS$-1.84
Beta-0.01
52W Change-14.5%
Dividend Yield11.48%
ROE-16.5%
Analysis

The company holds $7.9M in cash, though total debt stands at $277.1M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company is burning cash, with free cash flow at -$117.7M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at -16.5%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has grown from $246.4M (2022) to $401.0M (2025), reflecting a 63% increase over the period.

With a beta below 0.7, TXO Partners, L.P. typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. TXO Partners, L.P. carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing TXO.

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