TXO Partners, L.P.TXOEarnings & Financial Report
TXO Partners, L.P. is a U.S.-based energy sector master limited partnership. It acquires, develops and manages oil and natural gas assets across key North American production basins, with operations covering upstream exploration, production and midstream transportation, serving industrial, utility and wholesale energy clients.
TXO Q4 FY2025 Key Financial Metrics
Revenue
$103.7M
Gross Profit
N/A
Operating Profit
$-27.0M
Net Profit
$-28.3M
Gross Margin
N/A
Operating Margin
-26.1%
Net Margin
-27.2%
YoY Growth
14.5%
EPS
$-0.57
TXO Partners, L.P. Q4 FY2025 Financial Summary
TXO Partners, L.P. reported revenue of $103.7M (up 14.5% YoY) for Q4 FY2025, with a net profit of $-28.3M (down 376.5% YoY) (-27.2% margin).
Key Financial Metrics
| Total Revenue | $103.7M |
|---|---|
| Net Profit | $-28.3M |
| Gross Margin | N/A |
| Operating Margin | -26.1% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
TXO Partners, L.P. Q4 FY2025 revenue of $103.7M breaks down across 3 segments, led by Oil And Condensate at $92.8M (89.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Oil And Condensate | $92.8M | 89.5% |
| Natural Gas Liquids Reserves | $8.2M | 7.9% |
| Other | $2.8M | 2.7% |
TXO Partners, L.P. Revenue by Segment — Quarterly Trend
TXO Partners, L.P. revenue by segment across the last 4 reported quarters, showing how each business line (such as Oil And Condensate and Natural Gas Liquids Reserves) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Oil And Condensate | $92.8M | $66.3M | $59.1M | $65.0M |
| Natural Gas Liquids Reserves | $8.2M | $7.5M | $7.9M | — |
| Other | $2.8M | $5.2M | $8.1M | — |
TXO Partners, L.P. Annual Revenue by Year
TXO Partners, L.P. annual revenue history includes year-by-year totals (for example, 2025 revenue was $363.1M).
TXO Partners, L.P. Quarterly Revenue & Net Profit History
TXO Partners, L.P. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $103.7M | +14.5% | $-28.3M | -27.2% |
| Q3 FY2025 | $90.6M | +30.7% | $4.4M | 4.8% |
| Q2 FY2025 | $75.0M | +31.7% | $-135.0K | -0.2% |
| Q1 FY2025 | $93.8M | +37.0% | $2.4M | 2.6% |
| Q4 FY2024 | $90.6M | +25.9% | $10.2M | 11.3% |
| Q3 FY2024 | $69.3M | -7.5% | $203.0K | 0.3% |
| Q2 FY2024 | $57.0M | -15.3% | $2.8M | 4.9% |
| Q1 FY2024 | $68.5M | -52.2% | $10.3M | 15.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $68.5M | $57.0M | $69.3M | $90.6M | $93.8M | $75.0M | $90.6M | $103.7M |
| YoY Growth | -52.2% | -15.3% | -7.5% | 25.9% | 37.0% | 31.7% | 30.7% | 14.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $688.2M | $774.5M | $1.02B | $1.03B | $1.03B | $1.05B | $1.38B | $1.35B |
| Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $25.2M | $22.9M | $20.7M | $40.5M | $30.6M | $26.9M | $28.3M | $32.5M |