Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

TXO Partners, L.P.

TXONYSE
Wall Street Score · overall investment21/100
$14.13USD$-0.33 (-2.28%)
Company website www.txopartners.com
Headquarters400 West 7th Street, Fort Worth, TX, 76102, US
Financial statement currencyUSD · no FX conversion applied
Energy · Oil & Gas Exploration & Production
Price updated todayFinancials updated Oct 1, 2026

TXO · Price history

Price at last available close

$14.13

+$0.03 (+0.21%) 1M

2026-10-29

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Company & revenue

About TXO Partners, L.P.

Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

TXO Partners, L. P. is an energy company specializing in the discovery, enhancement, and extraction of traditional oil, natural gas, and natural gas liquid deposits throughout North America.

How they make money

TXO Partners, L.P. is an independent energy company that generates revenue primarily through the production and sale of oil, natural gas, and natural gas liquids. The company focuses on the acquisition, development, and optimization of long-lived, low-decline oil and gas assets across North American basins, utilizing a yield-oriented business model to distribute cash flow to unitholders.

Products & services

Oil, natural gas, and natural gas liquids (NGLs) production and development.

Brands & revenue mix

No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.

Product / operating segments

No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

  • Midstream energy companiesSource
  • Refining and marketing companiesSource

Customer concentration

The company sells its production to various purchasers; as of the period ended 2025-12-31, it does not report significant customer concentration that poses a material risk to its operations.

Suppliers, materials & equipment

  • Oilfield service providers — Various third-party contractors providing drilling, completion, and production services; specific supplier names are unnamed.Source

Strengths

  • Long-lived, low-decline asset baseSource
  • Significant management and board ownership alignmentSource

Risks

  • Volatility in oil and natural gas commodity pricesSource
  • Operational risks associated with drilling and production activitiesSource

Financial risk observations and what to check

These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.

Diluted weighted-average shares increased 17.5% year over year.

Compare per-share results with total earnings and inspect the equity footnote. A change in weighted-average shares does not by itself establish the cause, the number of shares issued today, or the economic effect of a split.

Total debt increased 1680.6% versus the same quarter last year.

Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

21

Poor

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

28

Poor

Financial Strength

27

Business Quality / Moat

39

Management

8

Growth Quality

47

Risk / Durability

14

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

38

Avoid

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

46/100

Building Historical Record

Model Score 46/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.

The model outlook is currently cautious.

What we like
  • •Asset quality scores strongly
  • •Insider activity signal is favorable
What to watch
  • •Debt service risk
  • •Valuation is a weaker part of the current profile
  • •Revenue fundamentals are weak
  • •Debt / balance-sheet profile needs attention

Company-specific research

Questions worth answering for TXO

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can TXO maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •How long can TXO fund negative free cash flow using its current cash position before it may need more debt or new shares?
  • •Is TXO's debt load manageable relative to cash generation, interest costs and upcoming maturities?
  • •What specifically needs to improve for TXO to reach sustainable profitability?
  • •What future growth or profitability would be needed to justify TXO's current valuation?
Debt service risk
Business analysis: 17 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

21

0–100 · Poor

Opportunity Score

38

0–100 · Weak

Market Cap

$783.5M

P/E Ratio

-18.8

EPS

$-0.74

52-Week High

$15.58

52-Week Low

$10.12

Beta

-0.01

Analyst Target

$20.00

Shares Outstanding

49.8M

Total Revenue

$416.4M

Total Debt

$340.1M

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$13.02

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
52/ 100
+7 pts / 5d

Neutral / mixed momentum

5D +1.7% · 20D +2.4% · RSI 46 · Price vs 20D avg -0.2%
Volatility
11/ 100
+1 pts / 5d

Low movement

20D realized vol 19.8% · 60D 24.4% · Acceleration 0.81x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for TXO

Detected from reported data — verify before acting.

Debt service risk

Interest coverage is low (~1.3x). Earnings may be strained to cover interest expense.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on TXO.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Long-lived, low-decline asset base.
  • +Significant management and board ownership alignment.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Oil & Gas Exploration & Production industry.
  • −Volatility in oil and natural gas commodity prices.
  • −Operational risks associated with drilling and production activities.
  • −Diluted weighted-average shares increased 17.5% year over year.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Very Weak21/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Poor

21

Tap for breakdown →

Poor

34

Debt Cost5.8%
Debt Reduction YoY-85.3%
Debt / Equity0.42x

Tap for breakdown →

Poor

10

Revenue YoY1.2%
Revenue CAGR4.0%
Net Margin-9.0%

Tap for breakdown →

Elite

95

Asset Growth YoY31.4%
Liquidation/Share$13.02
Net Assets/MCap1.18x

Tap for breakdown →

Poor

0

Earnings Yield-4.9%
Buyback Yield0.0%
Debt Cost5.8%

Tap for breakdown →

Poor

8

ROIC2.5%
ROE-5.8%
ROA-3.0%

Tap for breakdown →

Poor

39

EPS Growth—
FCF/Share Growth—
Rev/Share Growth7.9%

Tap for breakdown →

Poor

0

Intrinsic Value—
Value Reference—
MOS—

Tap for breakdown →

Poor

32

Revenue10
Moat39
Valuation0

Tap for breakdown →

Poor

0

MOS %—
Value Reference—
Deep Discount Reference—

Tap for breakdown →

Poor

19

Interest Coverage1.3x
ROIC2.5%
FCF Yield-18.9%

Tap for breakdown →

Poor

13

Financial19
Valuation0
Debt34

Tap for breakdown →

Poor

22

Survival Years0.1 yrs
Current Ratio0.62x
FCF Margin-35.3%

Tap for breakdown →

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Score Changes

2 historical score records available

Previous Score

21

Jul 24, 2026

Change

+0.1

points

Current Score

21

Oct 1, 2026

Category Changes

Revenue+1.8
Debt0
Assets-4.1
Capital0
Management-0.1
Moat+3.3
Valuation0
Buffett+0.2

TXO increased 0.1 points because Moat improved by 3.3 points.

Positive Contributors

  • + Moat improved by 3.3 points

Negative Contributors

  • − Asset declined by 4.1 points

Projected Score

Projected Score

19

Projected Change

-2.0 points

Preliminary comparable-period financial changes suggest decline of approximately 2.0 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Valuation unavailable

Current Price

$14.13

Model Intrinsic Value

—

Difference

—

Margin of Safety

—

Value Reference: —
Deep Discount Reference: —

Intrinsic value is not currently available for this stock, so valuation can't be calculated.

Financial Charts

Revenue

202020212022202320242025$0$150M$300M$450M$600M

Additional Metrics

Operating Cash Flow

202020212022202320242025$0$35M$70M$105M$140M

Total Debt

202020212022202320242025$0$75M$150M$225M$300M

Total Assets

202020212022202320242025$0$350M$700M$1.1B$1.4B

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM202520242023202220212020
Revenue$416.4M$411.5M$282.8M$380.7M············
Cost of Revenue$326.2M$367.7M$202.7M$189.0M············
Gross Profit$90.2M$43.7M$80.1M$191.7M············
Research & Development$0.00$0.00$0.00$0.00············
SG&A Expenses$19.1M$21.5M$14.5M$7.9M············
Operating Expenses$80.5M$21.5M$87.0M$315.5M············
EBITDA$91.1M$91.9M$95.4M-$46.6M············
Operating Income$9.7M$22.3M-$6.9M-$123.8M············
Interest Expense$43.4M$17.0M$7.9M$4.4M············
Income Before Tax-$37.5M-$21.6M$23.5M-$104.0M············
Income Tax Expense$0.00$0.00$0.00$0.00············
Net Income-$37.5M-$21.6M$23.5M-$104.0M············
Basic EPS$-0.74$-0.43$0.66$-3.44············
Basic Shares55.45M49.77M35.56M30.23M············
Diluted Shares56.68M49.77M36.13M30.27M············
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:Nov 3, 2026
Estimated EPS: $0.16Estimated revenue: $97.1M
Jun 30, 2026Q2FY2026

Revenue

$150.9M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

$1.07

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

+1680.6%

Cash Change

+1251.4%

Margin Change

+40.4 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Margins expanded
  • Cash position grew

What Weakened

  • Debt increased

Potential Score Impact

Positive indicators included revenue growth, cash levels, net income margin. Pressure indicators included EPS growth, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 67.9%. EPS declined 38314.3%. Cash increased 1251.4%. Total debt increased 1680.6%. Net income margin improved by 40.4 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 121 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Loading data...

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Dividend data is not available yet. Missing data does not mean this company pays no dividend.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

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Historical Trends

2 historical records
Jul 24, 2621
Oct 1, 2621

2 historical score records available.

Historical Score Chart

2 of 2 records shown

Wall Street Score

Jul 24, 26Oct 1, 260255075100

Debt Score

Jul 24, 26Oct 1, 260255075100

Revenue Score

Jul 24, 26Oct 1, 260255075100

Asset Score

Jul 24, 26Oct 1, 260255075100

Capital Score

Jul 24, 26Oct 1, 260255075100

Management Score

Jul 24, 26Oct 1, 260255075100

Moat Score

Jul 24, 26Oct 1, 260255075100

Valuation Score

Jul 24, 26Oct 1, 260255075100

Buffett Score

Jul 24, 26Oct 1, 260255075100

Intrinsic Value

No data

Value Reference

No data

Margin of Safety %

No data

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News

Rumor Mill · TXO

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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