FY2025 · ended Dec 31, 2025 · Revenue $363.15M, +27.3% YoY · Filed Mar 26, 2026
TXO Partners, L.P. (TXO) files with the SEC under industry code 1311, Crude Petroleum & Natural Gas. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $363.1 million and a net loss of $21.6 million. As of Sep 30, 2026 it held $8.6 million in cash and investments and $271.1 million in total debt.
Revenue (TTM)
$470.75M
+34.5% vs year-ago TTM
Net income (TTM)
$-73.91M
-538.6% vs year-ago TTM
Operating cash flow (TTM)
$148.62M
+17.7% vs year-ago TTM
Free cash flow
—
EPS (TTM)
$-1.36
-479.0% vs year-ago TTM
Dividend per share
None
Shares outstanding
55.24M
+34.2% vs prior year
Net cash
$-262.47M
as of Sep 30, 2026
Operating margin
-18.2%
FY 2026
Company profile
- Industry
- Crude Petroleum & Natural Gas (SIC 1311)
- Listed as
- TXO (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- United States
- Headquarters
- Fort Worth, TX
- SEC filer status
- Accelerated filer, Emerging growth company
- SEC CIK
- 1559432
- Former names
- TXO Energy Partners, L.P. (until May 9, 2023); MorningStar Partners, L.P. (until Jan 27, 2023)
Other Crude Petroleum & Natural Gas companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
|---|---|---|---|
| Revenue | $363.1M | $285.4M | $357.5M |
| Operating income | -$30.6M | -$6.9M | -$123.8M |
| Net income | -$21.6M | $23.5M | -$104.0M |
| Diluted EPS | -$0.43 | $0.65 | -$3.44 |
| Operating cash flow | $118.2M | $109.3M | $77.2M |
| Total assets | $1.4B | $1.0B | $695.6M |
| Cash and investments | $9.4M | $7.3M | $4.5M |
| Total debt | $291.1M | $157.1M | $28.1M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 3, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Nov 3, 2026 | Nov 3, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Aug 4, 2026 | Aug 4, 2026 |
| 10-Q | Quarterly report | Aug 4, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Acquisition or sale of assets
|
May 28, 2026 | May 28, 2026 |
| 10-Q | Quarterly report | May 4, 2026 | Mar 31, 2026 |
All 203 TXO Partners, L.P. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.