TXO NYSE Crude Petroleum & Natural Gas Financials FY2021βFY2025
TXO Partners, L.P. had $401M of revenue in fiscal 2025, up 41.8% on the year before.
Last close Β· Oct 23, 2026
$14.19
2.2%Hi! I read TXO Partners, L.P.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+41.8%
Yes. Sales grew 41.8% last year.
Does it make a profit?
β5.4%
No. It lost money last year.
Is debt under control?
4.3x
Heavy. Repaying its debt would take 4.3 years of operating profit.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days TXO Partners, L.P. did it, and the next one. Share prices often move a lot on those days.
Next results
November 3, 2026
Tuesday Β· in 8 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 4, 2026 | Q2 '26 | After the market closes | 10-Q β |
| May 4, 2026 | Q1 '26 | After the market closes | 10-Q β |
| Feb 26, 2026 | Q4 '25 | After the market closes | 10-K β |
| Nov 4, 2025 | Q3 '25 | After the market closes | 10-Q β |
| Aug 5, 2025 | Q2 '25 | After the market closes | 10-Q β |
| May 1, 2025 | Q1 '25 | After the market closes | 10-Q β |
| Mar 4, 2025 | Q4 '24 | After the market closes | 10-K β |
| Nov 5, 2024 | Q3 '24 | After the market closes | 10-Q β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· TXO Partners, L.P. had $401M of revenue in fiscal 2025, up 41.8% on the year before. Its operating margin was β7.6%, down 5.2Β pts: of every 100 in sales, about β8 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· TXO Partners, L.P. lost $21.6M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $36.7M and sold $1.1M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$36.7M
3 insiders
Sold, 12 months
$1.1M
3 insiders
Of sales under plans
100%
$1.1M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 13, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 125,000 | $14.32 | $1.8M | Form 4 |
| Aug 12, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 25,000 | $14.43 | $0.4M | Form 4 |
| Aug 11, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 100,000 | $14.27 | $1.4M | Form 4 |
| Aug 10, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 50,000 | $14.17 | $0.7M | Form 4 |
| Aug 7, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 100,000 | $13.52 | $1.4M | Form 4 |
| Jun 23, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 63,282 | $12.64 | $0.8M | Form 4 |
| Jun 22, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 36,718 | $12.55 | $0.5M | Form 4 |
| Jun 3, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 369,153 | $13.91 | $5.1M | Form 4 |
| Jun 2, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 230,847 | $13.41 | $3.1M | Form 4 |
| May 27, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 65,592 | $13.20 | $0.9M | Form 4 |
| May 26, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 34,408 | $13.27 | $0.5M | Form 4 |
| May 22, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 104,451 | $13.77 | $1.4M | Form 4 |
| May 21, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 245,549 | $13.70 | $3.4M | Form 4 |
| May 20, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 90,152 | $13.35 | $1.2M | Form 4 |
| May 18, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 58,251 | $13.17 | $0.8M | Form 4 |
| May 15, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 151,597 | $12.95 | $2.0M | Form 4 |
| May 14, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 64,475 | $13.02 | $0.8M | Form 4 |
| May 13, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 85,525 | $12.98 | $1.1M | Form 4 |
| May 11, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 500,000 | $12.67 | $6.3M | Form 4 |
| May 8, 2026 | William H Adams IIIDirector | Bought | 10,000 | $12.41 | $0.1M | Form 4 |
| May 8, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 162,365 | $12.50 | $2.0M | Form 4 |
| May 7, 2026 | Bob R SimpsonDirector, 10% owner | Bought | 87,635 | $12.43 | $1.1M | Form 4 |
| Apr 1, 2026 | Brent W. ClumCo-CEO and CFO, Director | Sold plan | 27,234 | $12.38 | $0.3M | Form 4 |
| Apr 1, 2026 | Gary D. SimpsonCo-Chief Executive Officer, Director | Sold plan | 27,234 | $12.38 | $0.3M | Form 4 |
| Jan 31, 2026 | Brent W. ClumCo-CEO and CFO, Director | Sold plan | 19,571 | $12.07 | $0.2M | Form 4 |
| Jan 31, 2026 | Gary D. SimpsonCo-Chief Executive Officer, Director | Sold plan | 8,126 | $12.07 | $0.1M | Form 4 |
| Jan 31, 2026 | Scott T. AgostaChief Accounting Officer | Sold plan | 10,689 | $12.07 | $0.1M | Form 4 |
| Dec 11, 2025 | Phillip R KevilDirector | Bought | 2,000 | $11.90 | $0.0M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· TXO Partners, L.P. owes $282M more than it holds in cash, about 4.3 years of operating profit.
Cash, debt and the ratios that show how comfortably TXO Partners, L.P. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $7.5M | $9.2M | $4.5M | $7.3M | $9.4M |
| Debt incl. finance leases | β | $120M | $28.1M | $157M | $291M |
| Net debt / EBITDA | β | 7.1x | β | 3.3x | 4.3x |
| Interest coverage | 7.5x | β3.1x | β28.0x | β0.9x | β1.8x |
| Current ratio | β | 0.5x | 1.4x | 1.0x | 0.6x |
| Quick ratio | β | 0.5x | 1.4x | 1.0x | 0.6x |
| Total assets | β | $925M | $696M | $1.0B | $1.4B |
| Net debt (β = net cash) | β | $111M | $23.6M | $150M | $282M |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· TXO Partners, L.P. passes 3 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β |
| F-score | β / 3 | β / 4 | 5 / 8 | 4 / 8 | 3 / 8 |
| Accruals ratio | β | β15.6% | β22.4% | β9.9% | β11.7% |
| Altman Z'' | β | β | β | β | β |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | $228M | $246M | $381M | $283M | $401M |
| Operating income | $44.2M | β$25.7M | β$124M | β$6.9M | β$30.6M |
| Interest expense | $5.9M | $8.2M | $4.4M | $7.9M | $17.0M |
| Net income | $52.5M | β$7.7M | β$104M | $23.5M | β$21.6M |
| Net income to common | $52.5M | β$7.7M | β$104M | $23.5M | β$21.6M |
| Diluted EPS | $2.10 | β$0.31 | β$3.44 | $0.65 | β$0.43 |
| Diluted shares | 0.03B | 0.03B | 0.03B | 0.04B | 0.05B |
| Cash flow | |||||
| Cash from operations | $73.7M | $136M | $77.2M | $109M | $118M |
| Depreciation and amortization | $39.9M | $41.4M | $44.3M | $52.4M | $96.6M |
| Stock-based compensation | $2.4M | $0.0M | $3.5M | $6.2M | $16.3M |
| Balance sheet | |||||
| Cash and short-term investments | $7.5M | $9.2M | $4.5M | $7.3M | $9.4M |
| Total debt | β | $120M | $28.1M | $157M | $291M |
| Current assets | β | $74.0M | $55.2M | $64.4M | $95.3M |
| Current liabilities | β | $147M | $39.1M | $66.3M | $154M |
| Property and equipment, net | β | $836M | $629M | $951M | $1.2B |
| Total assets | β | $925M | $696M | $1.0B | $1.4B |
| Margins | |||||
| Operating margin | 19.4% | β10.4% | β32.5% | β2.4% | β7.6% |
| EBITDA margin | 36.8% | 6.4% | β20.9% | 16.1% | 16.5% |
| Net margin | 23.0% | β3.1% | β27.3% | 8.3% | β5.4% |
| Returns | |||||
| Return on capital employed | β | β3.3% | β18.9% | β0.7% | β2.5% |
| Return on assets | β | β0.8% | β12.8% | 2.7% | β1.8% |
| Growth | |||||
| Revenue growth | β | 7.9% | 54.5% | β25.7% | 41.8% |
| Net income growth | β | β114.6% | β | β | β192.0% |
| EPS growth | β | β114.8% | β | β | β166.2% |
| Share count change | β | 0.0% | 21.1% | 19.4% | 37.7% |
| Financial health | |||||
| Net debt / EBITDA | β | 7.1x | β | 3.3x | 4.3x |
| Interest coverage | 7.5x | β3.1x | β28.0x | β0.9x | β1.8x |
| Current ratio | β | 0.5x | 1.4x | 1.0x | 0.6x |
| Quick ratio | β | 0.5x | 1.4x | 1.0x | 0.6x |
| Capital allocation | |||||
| Stock comp / revenue | 1.1% | 0.0% | 0.9% | 2.2% | 4.1% |
| Quality scores | |||||
| Piotroski F-score | β | β | 5.0 | 4.0 | 3.0 |
| Accruals ratio | β | β15.6% | β22.4% | β9.9% | β11.7% |
Source: SEC EDGAR XBRL filings (CIK 0001559432). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
