TXO Partners (TXO) Financials

$15.33 +0.03 (+0.20%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$15.51 +0.18 (+1.17%)

As of 05/23/2025 08:00 PM Eastern

Annual Income Statements for TXO Partners

This table shows TXO Partners' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Net Income / (Loss) Attributable to Common Shareholders	23	-104	-7.67	52
Consolidated Net Income / (Loss)	23	-104	-7.67	52
Net Income / (Loss) Continuing Operations	23	-104	-7.67	52
Total Pre-Tax Income	23	-104	-7.67	52
Total Operating Income	-6.86	-124	-26	44
Total Gross Profit	283	381	246	228
Total Revenue	283	381	246	228
Total Cost of Revenue	0.00	0.00	0.00	0.00
Total Operating Expenses	290	504	272	184
Selling, General & Admin Expense	15	7.89	1.65	12
Marketing Expense	150	145	128	69
Exploration Expense	0.37	0.15	0.36	0.12
Depreciation Expense	52	44	41	40
Other Operating Expenses / (Income)	72	84	101	63
Impairment Charge	0.00	223	0.00	0.00
Total Other Income / (Expense), net	30	20	18	8.29
Interest Expense	7.87	4.42	8.20	5.87
Interest & Investment Income	1.08	0.46	0.14	0.02
Other Income / (Expense), net	37	24	26	14
Basic Earnings per Share	$0.66	($3.44)	($0.31)	$2.10
Weighted Average Basic Shares Outstanding	35.56M	30.27M	25M	25M
Diluted Earnings per Share	$0.65	($3.44)	($0.31)	$2.10
Weighted Average Diluted Shares Outstanding	36.13M	30.27M	25M	25M
Weighted Average Basic & Diluted Shares Outstanding	41.17M	30.75M	-	-

This table shows TXO Partners' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	2.42	10	0.20	2.81	10	-194	8.48	-2.55	84	-22	56
Consolidated Net Income / (Loss)	2.42	10	0.20	2.81	10	-194	8.48	-2.55	84	-22	56
Net Income / (Loss) Continuing Operations	2.42	10	0.20	2.81	10	-194	8.48	-2.55	84	-22	56
Total Pre-Tax Income	2.42	10	0.20	2.81	10	-194	8.48	-2.55	84	-22	56
Total Operating Income	-3.58	5.51	-4.97	-10	2.71	-198	4.38	-8.78	79	-27	51
Total Gross Profit	84	89	69	57	67	92	70	60	158	42	121
Total Revenue	84	89	69	57	67	92	70	60	158	42	121
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	88	84	74	67	65	290	65	69	80	69	70
Selling, General & Admin Expense	2.44	4.01	3.28	4.59	2.65	2.83	1.76	1.08	2.22	1.07	0.08
Marketing Expense	42	41	39	36	33	34	36	39	35	34	33
Exploration Expense	0.07	0.16	0.02	0.07	0.12	0.04	0.02	0.02	0.07	0.08	0.08
Depreciation Expense	21	18	14	10	11	11	11	12	11	11	11
Other Operating Expenses / (Income)	22	20	17	16	18	18	17	17	31	24	27
Total Other Income / (Expense), net	6.00	4.71	5.17	13	7.56	4.48	4.10	6.23	4.98	4.79	5.09
Interest Expense	3.62	3.99	1.86	1.05	0.98	1.16	1.20	0.62	1.44	2.67	2.21
Interest & Investment Income	0.10	0.13	0.70	0.12	0.13	0.12	0.11	0.13	0.11	0.08	0.05
Other Income / (Expense), net	9.52	8.57	6.33	14	8.41	5.52	5.20	6.72	6.31	7.39	7.25
Basic Earnings per Share	$0.06	$0.23	$0.01	$0.09	$0.33	($6.55)	$0.28	($0.08)	$2.91	($0.90)	$2.23
Weighted Average Basic Shares Outstanding	41.08M	35.56M	39.27M	31.15M	30.80M	30.27M	30.75M	30.75M	28.78M	25M	25M
Diluted Earnings per Share	$0.06	$0.22	$0.01	$0.09	$0.33	($6.49)	$0.27	($0.08)	$2.86	($0.90)	$2.23
Weighted Average Diluted Shares Outstanding	41.81M	36.13M	39.83M	31.71M	31.43M	30.27M	31.29M	30.75M	29.33M	25M	25M
Weighted Average Basic & Diluted Shares Outstanding	41.37M	41.17M	40.91M	38.41M	30.94M	30.75M	30.75M	30.75M	30.75M	0.00	-

This table details how cash moves in and out of TXO Partners' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Net Change in Cash & Equivalents	2.80	-4.70	1.66	-14
Net Cash From Operating Activities	109	77	136	74
Net Cash From Continuing Operating Activities	109	77	136	74
Net Income / (Loss) Continuing Operations	23	-104	-7.67	52
Consolidated Net Income / (Loss)	23	-104	-7.67	52
Depreciation Expense	52	44	41	40
Non-Cash Adjustments To Reconcile Net Income	26	130	120	-12
Changes in Operating Assets and Liabilities, net	6.91	6.64	-17	-6.99
Net Cash From Investing Activities	-288	-46	-87	-228
Net Cash From Continuing Investing Activities	-288	-46	-87	-228
Purchase of Property, Plant & Equipment	-288	-46	-87	-228
Sale of Property, Plant & Equipment	0.12	0.00	0.32	0.00
Net Cash From Financing Activities	182	-36	-48	140
Net Cash From Continuing Financing Activities	182	-36	-48	140
Repayment of Debt	-125	-178	-1,493	-1,430
Repurchase of Common Equity	0.00	0.00	-3.74	0.00
Payment of Dividends	-85	-50	-13	-0.14
Issuance of Debt	251	86	1,461	1,437
Issuance of Common Equity	0.00	106	0.00	0.00
Other Financing Activities, net	141	0.00	1.03	133

This table details how cash moves in and out of TXO Partners' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	3.54	3.46	-72	71	0.07	-1.39	1.45	-2.81	-1.96	-1.94	3.13
Net Cash From Operating Activities	31	41	21	23	25	17	24	18	17	33	35
Net Cash From Continuing Operating Activities	31	41	21	23	25	17	24	18	17	33	35
Net Income / (Loss) Continuing Operations	2.42	10	0.20	2.81	10	-194	8.48	-2.55	84	-22	56
Consolidated Net Income / (Loss)	2.42	10	0.20	2.81	10	-194	8.48	-2.55	84	-22	56
Depreciation Expense	21	18	14	10	11	11	11	12	11	11	11
Non-Cash Adjustments To Reconcile Net Income	14	9.00	5.46	7.20	4.82	205	4.94	12	-93	52	-27
Changes in Operating Assets and Liabilities, net	-7.03	3.30	1.48	2.55	-0.41	-5.51	0.15	-2.95	15	-7.57	-4.14
Net Cash From Investing Activities	-6.84	-15	-235	-35	-3.02	-5.69	-12	-16	-12	-16	-63
Net Cash From Continuing Investing Activities	-6.84	-15	-235	-35	-3.02	-5.69	-12	-16	-12	-16	-63
Purchase of Property, Plant & Equipment	-8.60	-15	-235	-35	-3.02	-5.69	-12	-16	-12	-17	-63
Acquisitions	1.76	-	-	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	-20	-22	142	84	-22	-13	-11	-5.01	-6.72	-18	30
Net Cash From Continuing Financing Activities	-20	-22	142	84	-22	-13	-11	-5.01	-6.72	-18	30
Repayment of Debt	-31	-27	-16	-70	-12	-19	-12	2.89	-150	-374	-315
Payment of Dividends	-25	-24	-22	-20	-19	-16	-15	-19	0.00	-6.70	-
Issuance of Debt	36	29	39	174	10	22	16	11	37	362	348
Other Financing Activities, net	0.06	-0.01	141	0.74	-0.66	-	-	-	0.00	-	-

This table presents TXO Partners' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	1,031	696	925
Total Current Assets	64	55	74
Cash & Equivalents	7.31	4.51	9.20
Accounts Receivable	40	32	52
Other Current Assets	17	18	13
Plant, Property, & Equipment, net	951	629	836
Plant, Property & Equipment, gross	2,017	1,642	1,582
Accumulated Depreciation	1,065	1,013	745
Total Noncurrent Assets	15	11	14
Noncurrent Note & Lease Receivables	7.13	7.13	7.13
Other Noncurrent Operating Assets	7.87	3.97	7.07
Total Liabilities & Shareholders' Equity	1,031	696	925
Total Liabilities	421	222	403
Total Current Liabilities	66	39	147
Accounts Payable	18	8.60	15
Accrued Expenses	39	23	34
Other Current Liabilities	9.19	7.16	99
Total Noncurrent Liabilities	355	183	256
Long-Term Debt	157	28	120
Asset Retirement Reserve & Litigation Obligation	189	152	124
Other Noncurrent Operating Liabilities	9.08	2.38	12
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	609	474	522
Total Preferred & Common Equity	609	474	522
Total Common Equity	609	474	522
Common Stock	609	474	522

This table presents TXO Partners' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023
Total Assets	1,033	1,016	775	688	901	901	907
Total Current Assets	82	54	117	54	52	50	62
Cash & Equivalents	11	3.85	76	4.57	5.89	4.44	7.25
Accounts Receivable	38	35	29	31	33	30	32
Other Current Assets	32	15	13	19	14	15	23
Plant, Property, & Equipment, net	936	945	648	624	840	841	835
Plant, Property & Equipment, gross	2,022	1,993	1,681	1,647	1,618	1,609	1,591
Accumulated Depreciation	1,087	1,048	1,034	1,024	779	768	756
Total Noncurrent Assets	16	17	9.94	11	9.35	9.57	10
Noncurrent Note & Lease Receivables	7.13	7.13	7.13	7.13	7.13	7.13	7.13
Other Noncurrent Operating Assets	8.93	9.57	2.81	3.39	2.22	2.43	3.17
Total Liabilities & Shareholders' Equity	1,033	1,016	775	688	901	901	907
Total Liabilities	445	395	202	222	219	213	199
Total Current Liabilities	82	53	36	40	61	53	63
Accounts Payable	20	14	8.83	7.66	11	9.79	15
Accrued Expenses	32	35	23	25	26	27	28
Other Current Liabilities	30	4.44	4.09	6.92	24	17	20
Total Noncurrent Liabilities	363	342	166	183	158	160	135
Long-Term Debt	162	155	7.10	26	25	21	7.10
Asset Retirement Reserve & Litigation Obligation	190	178	157	155	131	129	126
Other Noncurrent Operating Liabilities	10	8.49	1.50	1.85	1.62	9.66	2.40
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	589	621	573	466	683	688	709
Total Preferred & Common Equity	589	621	573	466	683	688	709
Total Common Equity	589	621	573	466	683	688	709
Common Stock	589	621	573	466	683	688	709

This table displays calculated financial ratios and metrics derived from TXO Partners' official financial filings.

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Growth Metrics	-	-	-	-
Revenue Growth	-25.72%	54.51%	7.91%	0.00%
EBITDA Growth	248.38%	-233.50%	-57.49%	0.00%
EBIT Growth	130.28%	-25,946.25%	-99.34%	0.00%
NOPAT Growth	92.08%	-382.01%	-140.68%	0.00%
Net Income Growth	122.60%	-1,256.12%	-114.61%	0.00%
EPS Growth	118.90%	-1,009.68%	-114.76%	0.00%
Operating Cash Flow Growth	41.67%	-43.43%	84.98%	0.00%
Free Cash Flow Firm Growth	-655.20%	107.44%	0.00%	0.00%
Invested Capital Growth	52.64%	-21.35%	0.00%	0.00%
Revenue Q/Q Growth	-0.93%	14.98%	0.00%	0.00%
EBITDA Q/Q Growth	163.20%	-147.59%	0.00%	0.00%
EBIT Q/Q Growth	117.17%	-237.07%	0.00%	0.00%
NOPAT Q/Q Growth	95.35%	-282.98%	0.00%	0.00%
Net Income Q/Q Growth	113.02%	-254.14%	0.00%	0.00%
EPS Q/Q Growth	110.73%	-260.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	26.78%	-16.54%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-23.17%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-1.74%	-29.14%	0.00%	0.00%
Profitability Metrics	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	29.24%	-14.64%	16.94%	43.01%
Operating Margin	-2.43%	-32.51%	-10.42%	19.35%
EBIT Margin	10.71%	-26.27%	0.16%	25.54%
Profit (Net Income) Margin	8.31%	-27.31%	-3.11%	22.98%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	77.57%	103.96%	-1,981.40%	89.96%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-1.09%	-15.34%	-5.68%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	33.92%	-41.12%	12.91%	0.00%
Return on Net Nonoperating Assets (RNNOA)	5.43%	-5.56%	2.74%	0.00%
Return on Equity (ROE)	4.34%	-20.89%	-2.94%	0.00%
Cash Return on Invested Capital (CROIC)	-42.76%	8.57%	-205.68%	0.00%
Operating Return on Assets (OROA)	3.51%	-12.35%	0.04%	0.00%
Return on Assets (ROA)	2.72%	-12.84%	-0.83%	0.00%
Return on Common Equity (ROCE)	4.34%	-20.89%	-2.94%	0.00%
Return on Equity Simple (ROE_SIMPLE)	3.86%	-21.95%	-1.47%	0.00%
Net Operating Profit after Tax (NOPAT)	-6.86	-87	-18	44
NOPAT Margin	-2.43%	-22.76%	-7.30%	19.35%
Net Nonoperating Expense Percent (NNEP)	-35.02%	25.79%	-18.59%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-0.90%	-17.26%	-2.80%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	5.14%	2.07%	0.67%	5.33%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	102.43%	132.51%	110.42%	80.65%
Earnings before Interest and Taxes (EBIT)	30	-100	0.39	58
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	83	-56	42	98
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	1.00	1.03	0.19	0.00
Price to Tangible Book Value (P/TBV)	1.00	1.03	0.19	0.00
Price to Revenue (P/Rev)	2.15	1.28	0.41	0.44
Price to Earnings (P/E)	25.90	0.00	0.00	1.91
Dividend Yield	14.13%	9.31%	0.00%	0.00%
Earnings Yield	3.86%	0.00%	0.00%	52.48%
Enterprise Value to Invested Capital (EV/IC)	1.00	1.03	0.33	0.00
Enterprise Value to Revenue (EV/Rev)	2.68	1.34	0.86	0.00
Enterprise Value to EBITDA (EV/EBITDA)	9.17	0.00	5.05	0.00
Enterprise Value to EBIT (EV/EBIT)	25.03	0.00	544.95	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	6.94	6.63	1.55	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	10.57	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.26	0.06	0.23	0.00
Long-Term Debt to Equity	0.26	0.06	0.23	0.00
Financial Leverage	0.16	0.14	0.21	0.00
Leverage Ratio	1.59	1.63	1.77	0.00
Compound Leverage Factor	1.24	1.69	-35.13	0.00
Debt to Total Capital	20.50%	5.60%	18.72%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	20.50%	5.60%	18.72%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	79.50%	94.40%	81.28%	0.00%
Debt to EBITDA	1.90	-0.50	2.88	0.00
Net Debt to EBITDA	1.81	-0.42	2.66	0.00
Long-Term Debt to EBITDA	1.90	-0.50	2.88	0.00
Debt to NOPAT	-22.90	-0.32	-6.68	0.00
Net Debt to NOPAT	-21.83	-0.27	-6.17	0.00
Long-Term Debt to NOPAT	-22.90	-0.32	-6.68	0.00
Altman Z-Score	1.24	1.42	0.32	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	0.97	1.41	0.50	0.00
Quick Ratio	0.71	0.94	0.42	0.00
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	-269	48	-650	0.00
Operating Cash Flow to CapEx	37.91%	166.92%	157.36%	32.36%
Free Cash Flow to Firm to Interest Expense	-34.13	10.94	-79.34	0.00
Operating Cash Flow to Interest Expense	13.88	17.44	16.64	12.56
Operating Cash Flow Less CapEx to Interest Expense	-22.73	6.99	6.06	-26.25
Efficiency Ratios	-	-	-	-
Asset Turnover	0.33	0.47	0.27	0.00
Accounts Receivable Turnover	7.87	9.01	4.71	0.00
Inventory Turnover	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.36	0.52	0.29	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	46.41	40.52	77.48	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	46.41	40.52	77.48	0.00
Capital & Investment Metrics	-	-	-	-
Invested Capital	759	497	632	0.00
Invested Capital Turnover	0.45	0.67	0.78	0.00
Increase / (Decrease) in Invested Capital	262	-135	632	0.00
Enterprise Value (EV)	758	511	211	0.00
Market Capitalization	608	488	100	100
Book Value per Share	$14.90	$15.41	$20.86	$0.00
Tangible Book Value per Share	$14.90	$15.41	$20.86	$0.00
Total Capital	767	502	642	0.00
Total Debt	157	28	120	0.00
Total Long-Term Debt	157	28	120	0.00
Net Debt	150	24	111	0.00
Capital Expenditures (CapEx)	288	46	87	228
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-9.20	12	-83	0.00
Debt-free Net Working Capital (DFNWC)	-1.89	16	-73	0.00
Net Working Capital (NWC)	-1.89	16	-73	0.00
Net Nonoperating Expense (NNE)	-30	17	-10	-8.29
Net Nonoperating Obligations (NNO)	150	24	111	0.00
Total Depreciation and Amortization (D&A)	52	44	41	40
Debt-free, Cash-free Net Working Capital to Revenue	-3.25%	3.04%	-33.54%	0.00%
Debt-free Net Working Capital to Revenue	-0.67%	4.22%	-29.80%	0.00%
Net Working Capital to Revenue	-0.67%	4.22%	-29.80%	0.00%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.66	($3.44)	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	35.56M	30.27M	0.00	0.00
Adjusted Diluted Earnings per Share	$0.65	($3.44)	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	36.13M	30.27M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	41.17M	30.75M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-4.80	70	-18	31
Normalized NOPAT Margin	-1.70%	18.31%	-7.30%	13.55%
Pre Tax Income Margin	8.31%	-27.31%	-3.11%	22.98%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	3.85	-22.61	0.05	9.94
NOPAT to Interest Expense	-0.87	-19.59	-2.19	7.53
EBIT Less CapEx to Interest Expense	-32.77	-33.06	-10.52	-28.87
NOPAT Less CapEx to Interest Expense	-37.49	-30.04	-12.76	-31.28
Payout Ratios	-	-	-	-
Dividend Payout Ratio	363.27%	-47.85%	-171.92%	0.26%
Augmented Payout Ratio	363.27%	-47.85%	-220.67%	0.26%

This table displays calculated financial ratios and metrics derived from TXO Partners' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	25.04%	-2.87%	-1.64%	-5.23%	-57.42%	117.13%	-42.11%	-34.89%	1,760.72%	0.00%	0.00%
EBITDA Growth	26.48%	117.67%	-26.02%	48.26%	-77.48%	-1,998.44%	-70.52%	-73.68%	277.47%	0.00%	0.00%
EBIT Growth	-46.63%	107.30%	-85.76%	281.75%	-86.94%	-878.89%	-83.46%	-107.87%	233.20%	0.00%	0.00%
NOPAT Growth	-232.46%	103.97%	-213.51%	-64.54%	-96.57%	-632.10%	-91.36%	-129.88%	261.35%	0.00%	0.00%
Net Income Growth	-76.47%	105.27%	-97.61%	210.29%	-87.75%	-769.48%	-84.78%	-110.40%	227.79%	0.00%	0.00%
EPS Growth	-81.82%	103.39%	-96.30%	212.50%	-88.46%	-621.11%	-87.89%	-108.16%	209.16%	0.00%	0.00%
Operating Cash Flow Growth	21.48%	132.56%	-14.35%	24.35%	46.93%	-46.75%	-31.27%	-53.79%	-40.17%	0.00%	0.00%
Free Cash Flow Firm Growth	-214.52%	-6,816.86%	89.15%	126.83%	135.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Growth	51.87%	52.64%	10.08%	-28.49%	-31.21%	-21.35%	0.00%	0.00%	0.00%	0.00%	0.00%
Revenue Q/Q Growth	-5.60%	29.97%	19.93%	-15.02%	-26.68%	31.63%	15.55%	-61.82%	273.94%	-64.91%	29.96%
EBITDA Q/Q Growth	-14.66%	114.66%	6.18%	-34.98%	111.92%	-998.93%	112.80%	-90.12%	1,210.87%	-112.63%	90.00%
EBIT Q/Q Growth	-57.84%	932.65%	-63.51%	-66.41%	105.77%	-2,112.59%	565.89%	-102.41%	532.54%	-134.01%	121.67%
NOPAT Q/Q Growth	-165.06%	210.89%	50.87%	-473.64%	101.95%	-3,271.33%	171.23%	-107.79%	515.93%	-137.43%	146.31%
Net Income Q/Q Growth	-76.36%	4,933.50%	-92.77%	-72.65%	105.30%	-2,384.81%	433.03%	-103.04%	476.15%	-139.99%	127.62%
EPS Q/Q Growth	-72.73%	2,100.00%	-88.89%	-72.73%	105.08%	-2,503.70%	437.50%	-102.80%	417.78%	-140.36%	127.55%
Operating Cash Flow Q/Q Growth	-24.43%	95.59%	-9.50%	-9.18%	44.66%	-27.96%	31.38%	7.32%	-47.58%	-7.02%	-11.66%
Free Cash Flow Firm Q/Q Growth	0.00%	-238.58%	-139.70%	-14.80%	6,140.07%	99.47%	1.87%	-12.91%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-2.53%	-1.74%	53.33%	3.41%	-2.04%	-29.14%	-0.40%	-0.52%	12.01%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	32.45%	35.89%	21.73%	24.55%	32.08%	-197.33%	28.89%	15.69%	60.66%	-20.42%	56.75%
Operating Margin	-4.25%	6.16%	-7.23%	-17.64%	4.01%	-215.51%	6.26%	-14.51%	49.76%	-63.92%	41.95%
EBIT Margin	7.04%	15.76%	1.98%	6.52%	16.49%	-209.50%	13.70%	-3.40%	53.75%	-46.47%	47.95%
Profit (Net Income) Margin	2.87%	11.44%	0.30%	4.90%	15.22%	-210.64%	12.13%	-4.21%	52.91%	-52.60%	46.16%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	40.71%	72.60%	14.89%	75.18%	92.35%	100.54%	88.56%	123.89%	98.44%	113.19%	96.27%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-2.08%	2.77%	-2.80%	-8.36%	1.94%	-101.67%	5.91%	-11.01%	58.22%	-17.43%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	4.87%	8.21%	3.27%	-57.81%	72.68%	-183.43%	48.64%	32.16%	-6,674.22%	-20.43%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.80%	1.31%	0.43%	2.40%	1.32%	-24.79%	1.37%	0.78%	1.39%	-4.34%	0.00%
Return on Equity (ROE)	-1.28%	4.09%	-2.37%	-5.97%	3.27%	-126.45%	7.28%	-10.23%	59.61%	-21.78%	0.00%
Cash Return on Invested Capital (CROIC)	-43.33%	-42.76%	-29.59%	9.92%	13.58%	8.57%	0.00%	0.00%	0.00%	-102.84%	0.00%
Operating Return on Assets (OROA)	2.45%	5.16%	0.59%	2.23%	5.99%	-98.46%	5.03%	-1.44%	24.55%	-12.38%	0.00%
Return on Assets (ROA)	1.00%	3.75%	0.09%	1.68%	5.53%	-98.99%	4.46%	-1.78%	24.17%	-14.02%	0.00%
Return on Common Equity (ROCE)	-1.28%	4.09%	-2.37%	-5.97%	3.27%	-126.45%	7.28%	-10.23%	59.61%	-21.78%	0.00%
Return on Equity Simple (ROE_SIMPLE)	2.66%	0.00%	-29.04%	-30.06%	-38.12%	0.00%	9.88%	16.67%	20.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-3.58	5.51	-4.97	-10	2.71	-139	4.38	-6.14	79	-19	51
NOPAT Margin	-4.25%	6.16%	-7.23%	-17.64%	4.01%	-150.85%	6.26%	-10.16%	49.76%	-44.74%	41.95%
Net Nonoperating Expense Percent (NNEP)	-6.94%	-5.43%	-6.06%	49.45%	-70.73%	81.77%	-42.73%	-43.18%	6,732.43%	3.00%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-0.48%	0.72%	-	-	-	-27.64%	-	-	-	-2.95%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	2.89%	4.49%	4.77%	8.01%	3.94%	3.07%	2.51%	1.79%	1.40%	2.54%	0.07%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	104.25%	93.84%	107.23%	117.64%	95.99%	315.51%	93.74%	114.51%	50.24%	163.92%	58.05%
Earnings before Interest and Taxes (EBIT)	5.93	14	1.36	3.74	11	-193	9.57	-2.06	85	-20	58
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	27	32	15	14	22	-181	20	9.49	96	-8.65	68
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.36	1.00	1.27	1.12	1.21	1.03	0.83	0.86	0.86	0.19	0.00
Price to Tangible Book Value (P/TBV)	1.36	1.00	1.27	1.12	1.21	1.03	0.83	0.86	0.86	0.19	0.00
Price to Revenue (P/Rev)	2.67	2.15	2.76	2.23	1.95	1.28	1.71	1.56	1.47	0.41	0.00
Price to Earnings (P/E)	51.21	25.90	0.00	0.00	0.00	0.00	8.38	5.19	4.30	0.00	0.00
Dividend Yield	12.58%	14.13%	11.73%	11.06%	11.59%	9.31%	5.43%	2.59%	0.00%	0.00%	0.00%
Earnings Yield	1.95%	3.86%	0.00%	0.00%	0.00%	0.00%	11.94%	19.28%	23.24%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.29	1.00	1.22	1.13	1.20	1.03	0.83	0.87	0.86	0.33	0.00
Enterprise Value to Revenue (EV/Rev)	3.18	2.68	3.29	1.99	2.02	1.34	1.76	1.60	1.47	0.86	0.00
Enterprise Value to EBITDA (EV/EBITDA)	10.77	9.17	0.00	0.00	0.00	0.00	4.99	3.70	3.18	5.05	0.00
Enterprise Value to EBIT (EV/EBIT)	37.93	25.03	0.00	0.00	0.00	0.00	8.01	5.04	4.08	544.95	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	12.34	6.53	4.96	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.30	6.94	10.89	6.36	6.87	6.63	6.32	5.91	4.88	1.55	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	9.52	7.21	10.57	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.28	0.26	0.25	0.01	0.06	0.06	0.04	0.03	0.01	0.23	0.00
Long-Term Debt to Equity	0.28	0.26	0.25	0.01	0.06	0.06	0.04	0.03	0.01	0.23	0.00
Financial Leverage	0.16	0.16	0.13	-0.04	0.02	0.14	0.03	0.02	0.00	0.21	0.00
Leverage Ratio	1.63	1.59	1.47	1.33	1.36	1.63	1.32	1.31	1.28	1.77	0.00
Compound Leverage Factor	0.66	1.16	0.22	1.00	1.25	1.64	1.17	1.62	1.26	2.01	0.00
Debt to Total Capital	21.59%	20.50%	19.97%	1.22%	5.31%	5.60%	3.55%	2.98%	0.99%	18.72%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	21.59%	20.50%	19.97%	1.22%	5.31%	5.60%	3.55%	2.98%	0.99%	18.72%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	78.41%	79.50%	80.03%	98.78%	94.69%	94.40%	96.45%	97.02%	99.01%	81.28%	0.00%
Debt to EBITDA	1.83	1.90	-1.19	-0.06	-0.20	-0.50	0.21	0.13	0.04	2.88	0.00
Net Debt to EBITDA	1.71	1.81	-1.16	0.55	-0.17	-0.42	0.16	0.10	0.00	2.66	0.00
Long-Term Debt to EBITDA	1.83	1.90	-1.19	-0.06	-0.20	-0.50	0.21	0.13	0.04	2.88	0.00
Debt to NOPAT	-12.33	-22.90	-1.05	-0.05	-0.19	-0.32	0.53	0.23	0.06	-6.68	0.00
Net Debt to NOPAT	-11.50	-21.83	-1.03	0.49	-0.15	-0.27	0.41	0.18	0.00	-6.17	0.00
Long-Term Debt to NOPAT	-12.33	-22.90	-1.05	-0.05	-0.19	-0.32	0.53	0.23	0.06	-6.68	0.00
Altman Z-Score	1.39	1.18	1.48	2.41	2.02	0.98	1.94	2.09	2.61	0.25	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.00	0.97	1.02	3.27	1.36	1.41	0.86	0.94	0.99	0.50	0.00
Quick Ratio	0.60	0.71	0.73	2.92	0.89	0.94	0.64	0.66	0.62	0.42	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-256	-256	-76	191	224	-3.71	-698	-711	-630	0.00	0.00
Operating Cash Flow to CapEx	356.01%	265.25%	8.83%	64.52%	835.72%	306.39%	202.30%	113.59%	138.51%	197.69%	56.25%
Free Cash Flow to Firm to Interest Expense	-70.79	-64.27	-40.70	181.79	229.32	-3.18	-580.30	-1,150.21	-437.49	0.00	0.00
Operating Cash Flow to Interest Expense	8.45	10.16	11.13	21.82	25.82	14.96	20.12	29.78	11.92	12.24	15.95
Operating Cash Flow Less CapEx to Interest Expense	6.08	6.33	-114.96	-12.00	22.73	10.08	10.17	3.56	3.31	6.05	-12.40
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.35	0.33	0.30	0.34	0.36	0.47	0.37	0.42	0.46	0.27	0.00
Accounts Receivable Turnover	8.66	7.87	8.44	9.73	9.27	9.01	10.13	12.56	13.04	4.71	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.38	0.36	0.32	0.39	0.40	0.52	0.39	0.45	0.50	0.29	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	42.14	46.41	43.26	37.52	39.36	40.52	36.02	29.07	27.99	77.48	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	42.14	46.41	43.26	37.52	39.36	40.52	36.02	29.07	27.99	77.48	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	740	759	773	504	487	497	702	705	708	632	0.00
Invested Capital Turnover	0.49	0.45	0.39	0.47	0.48	0.67	0.94	1.08	1.17	0.39	0.00
Increase / (Decrease) in Invested Capital	253	262	71	-201	-221	-135	702	705	708	0.00	0.00
Enterprise Value (EV)	952	758	939	570	586	511	584	611	610	211	0.00
Market Capitalization	801	608	788	639	564	488	565	595	610	100	100
Book Value per Share	$14.30	$14.90	$16.18	$18.51	$15.15	$15.41	$22.20	$22.38	$24.62	$20.86	$0.00
Tangible Book Value per Share	$14.30	$14.90	$16.18	$18.51	$15.15	$15.41	$22.20	$22.38	$24.62	$20.86	$0.00
Total Capital	751	767	776	580	492	502	708	709	716	642	0.00
Total Debt	162	157	155	7.10	26	28	25	21	7.10	120	0.00
Total Long-Term Debt	162	157	155	7.10	26	28	25	21	7.10	120	0.00
Net Debt	151	150	151	-69	22	24	19	17	-0.15	111	0.00
Capital Expenditures (CapEx)	8.60	15	235	35	3.02	5.69	12	16	12	17	63
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-11	-9.20	-2.86	5.18	9.63	12	-14	-7.44	-8.16	-83	0.00
Debt-free Net Working Capital (DFNWC)	-0.37	-1.89	0.99	81	14	16	-8.51	-3.00	-0.91	-73	0.00
Net Working Capital (NWC)	-0.37	-1.89	0.99	81	14	16	-8.51	-3.00	-0.91	-73	0.00
Net Nonoperating Expense (NNE)	-6.00	-4.71	-5.17	-13	-7.56	55	-4.10	-3.60	-4.98	3.33	-5.09
Net Nonoperating Obligations (NNO)	151	150	151	-69	22	24	19	17	-0.15	111	0.00
Total Depreciation and Amortization (D&A)	21	18	14	10	11	11	11	12	11	11	11
Debt-free, Cash-free Net Working Capital to Revenue	-3.74%	-3.25%	-1.00%	1.81%	3.32%	3.04%	-4.35%	-1.95%	-1.97%	-33.54%	0.00%
Debt-free Net Working Capital to Revenue	-0.12%	-0.67%	0.35%	28.33%	4.90%	4.22%	-2.57%	-0.78%	-0.22%	-29.80%	0.00%
Net Working Capital to Revenue	-0.12%	-0.67%	0.35%	28.33%	4.90%	4.22%	-2.57%	-0.78%	-0.22%	-29.80%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.06	$0.23	$0.01	$0.09	$0.33	($6.55)	$0.28	($0.08)	$2.91	($0.90)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	41.08M	35.56M	39.27M	31.15M	30.80M	30.27M	30.75M	30.75M	28.78M	25M	0.00
Adjusted Diluted Earnings per Share	$0.06	$0.22	$0.01	$0.09	$0.33	($6.49)	$0.27	($0.08)	$2.86	($0.90)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	41.81M	36.13M	39.83M	31.71M	31.43M	30.27M	31.29M	30.75M	29.33M	25M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	41.37M	41.17M	40.91M	38.41M	30.94M	30.75M	30.75M	30.75M	30.75M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-2.51	3.85	-3.48	-7.07	1.89	-139	3.06	-6.14	55	-19	35
Normalized NOPAT Margin	-2.97%	4.32%	-5.06%	-12.35%	2.81%	-150.85%	4.38%	-10.16%	34.84%	-44.74%	29.36%
Pre Tax Income Margin	2.87%	11.44%	0.30%	4.90%	15.22%	-210.64%	12.13%	-4.21%	52.91%	-52.60%	46.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.64	3.53	0.73	3.56	11.39	-165.54	7.97	-3.33	59.17	-7.37	26.24
NOPAT to Interest Expense	-0.99	1.38	-2.67	-9.63	2.77	-119.20	3.64	-9.94	54.78	-7.09	22.95
EBIT Less CapEx to Interest Expense	-0.74	-0.30	-125.36	-30.25	8.30	-170.42	-1.98	-29.54	50.56	-13.56	-2.11
NOPAT Less CapEx to Interest Expense	-3.36	-2.45	-128.76	-43.45	-0.32	-124.08	-6.30	-36.16	46.18	-13.29	-5.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	582.92%	363.27%	-43.05%	-40.95%	-38.99%	-47.85%	59.83%	22.32%	0.00%	-171.92%	0.00%
Augmented Payout Ratio	582.92%	363.27%	-43.05%	-40.95%	-38.99%	-47.85%	59.83%	22.32%	0.00%	-220.67%	0.00%

Frequently Asked Questions About TXO Partners' Financials

When does TXO Partners's fiscal year end?

According to the most recent income statement we have on file, TXO Partners' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has TXO Partners' net income changed over the last 3 years?

TXO Partners' net income appears to be on an upward trend, with a most recent value of $23.50 million in 2024, falling from $52.48 million in 2021. The previous period was -$103.99 million in 2023. See TXO Partners' forecast for analyst expectations on what’s next for the company.

What is TXO Partners's operating income?

TXO Partners's total operating income in 2024 was -$6.86 million, based on the following breakdown:

Total Gross Profit: $282.81 million
Total Operating Expenses: $289.67 million

How has TXO Partners revenue changed over the last 3 years?

Over the last 3 years, TXO Partners' total revenue changed from $228.34 million in 2021 to $282.81 million in 2024, a change of 23.9%.

How much debt does TXO Partners have?

TXO Partners' total liabilities were at $421.43 million at the end of 2024, a 90.0% increase from 2023, and a 4.5% increase since 2022.

How much cash does TXO Partners have?

In the past 2 years, TXO Partners' cash and equivalents has ranged from $4.51 million in 2023 to $9.20 million in 2022, and is currently $7.31 million as of their latest financial filing in 2024.

How has TXO Partners' book value per share changed over the last 3 years?

Over the last 3 years, TXO Partners' book value per share changed from 0.00 in 2021 to 14.90 in 2024, a change of 1,489.5%.

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This page (NYSE:TXO) was last updated on 5/24/2025 by MarketBeat.com Staff

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TXO Partners (TXO) Financials

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TXO Partners (TXO) Financials

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