TXO Partners, L.P.

Listed Company

TXOCIK 0001559432NYSEEmerging GrowthCrude Petroleum & Natural GasX1FY ends Dec 31

Period

FY 2025

Revenue

$401.01M

Net Income

$-21.62M

Total Assets

$1.35B

Equity

—

Shares Out

55.24M

Op. Cash Flow

$118.19M

Business

TXO Partners, L.P. is a publicly listed company in Crude Petroleum & Natural Gas, incorporated in the United States. Common stock trades on NYSE under the ticker TXO.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total Revenues	401	283	381	246	228
Production	186	150	145	128	69
Exploration	469,000	373,000	151,000	360,000	124,000
Taxes, transportation and other	69	60	75	95	58
Depreciation, depletion, and amortization	97	52	44	41	40
Impairment of long-lived assets	42	0	223	0	0
Accretion of discount expense	16	12	9	6	5
General and administrative	21	15	8	2	12
Total Expenses	432	290	504	272	184
OPERATING (LOSS)	−31	−7	−124	−26	44
Other income	25	37	24	26	14
Interest income	618,000	1	461,000	143,000	16,000
Interest expense	−17	−8	−4	−8	—
Other Income (Expense)	9	30	20	18	8
NET (LOSS) INCOME	−22	23	−104	−8	52
Basic (in dollars per share)	−0.43	0.66	−3.44	−0.31	2.1
Diluted (in dollars per share)	−0.43	0.65	−3.44	−0.31	2.1
Basic (in shares)	50	36	30	25	25
Diluted	50	36	30	25	25

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	9	7	5	9	—
Accounts receivable, net	52	40	32	52	—
Derivative fair value	18	6	6	1	—
Other	15	11	12	11	—
Total Current Assets	95	64	55	74	—
Proved properties	2,337	1,913	1,540	1,481	—
Unproved properties	19	19	18	18	—
Other	89	85	84	82	—
Total Property and Equipment	2,445	2,017	1,642	1,582	—
Accumulated depreciation, depletion and amortization	−1,204	−1,065	−1,013	−745	—
Net Property and Equipment	1,241	951	629	836	—
Note receivable from related party	7	7	7	7	—
Derivative fair value	6	2	0	290,000	—
Other assets	6	6	4	7	—
Total Other Assets	19	15	11	14	—
TOTAL ASSETS	1,355	1,031	696	925	—
Accounts payable	28	18	9	15	—
Deferred payment	70	0	—	—	—
Accrued liabilities	46	39	23	34	—
Derivative fair value	5	6	4	95	—
Asset retirement obligation, current portion	4	2	2	3	—
Other current liabilities	2	1	1	779,000	—
Total Current Liabilities	154	66	39	147	—
Long-term Debt	291	157	28	120	—
Asset retirement obligation	218	189	152	124	—
Derivative fair value	35,000	8	0	10	—
Other liabilities	534,000	1	2	1	—
Total Other Liabilities	218	198	155	136	—
Commitments and Contingencies	—	—	—	—	—
Partners capital	692	609	474	522	541
TOTAL LIABILITIES AND PARTNERS CAPITAL	1,355	1,031	696	925	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Derivative fair value (gain) loss	−38	3	−23	203	−9
Net cash received from (paid to) counterparties	14	5	−83	−90	0
Non-cash incentive compensation	16	6	3	0	2
Other non-cash items	1	1	955,000	715,000	−585,000
Changes in operating assets and liabilities(a)	−8	7	7	−17	−7
Cash Provided by Operating Activities	118	109	77	136	74
Proceeds from sale of property and equipment	18,000	122,000	0	320,000	0
Proved property acquisitions	−263	−264	−9	−50	−186
Development costs	−72	−23	−36	−24	−8
Unproved property acquisitions	−157,000	−227,000	−72,000	−50,000	−67,000
Other property additions	−714,000	−1	−2	−13	−33
Cash Used by Investing Activities	−335	−288	−46	−87	−228
Proceeds from long-term debt	406	251	86	1,461	1,437
Payments on long-term debt	−272	−122	−178	−1,493	−1,427
Net proceeds from initial public offering	0	0	106	0	0
Net proceeds from public offering	190	141	0	0	—
Debt issuance costs	−2	−3	−144,000	−161,000	−3
Proceeds from sale of units to cover withholding taxes	2	930,000	0	0	—
Withholding taxes paid on vesting of restricted units	−2	−851,000	0	0	—
Distributions	−101	−85	−50	−13	−139,000
Cash Provided by (Used by) Financing Activities	219	182	−36	−48	140
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	2	3	−5	2	−14
Accounts receivable	−13	−8	20	−23	−15
Other assets	−2	2	−546,000	−6	−2
Current liabilities	10	15	−11	12	10
Other operating liabilities	−3	−2	−2	−1	−640,000

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