TXO Partners, L.P. Earnings Per Share Disclosure
The following represents basic and diluted earnings (loss) per Common Unit upon the Reorganization (See Note 1) and corresponding issuance of 30.8 million Common Units:
(in thousands, except per unit data) |
|
|
Net (loss) |
|
|
Units |
|
|
(Loss) Income |
|
|||
2025 |
|
|
|
|
|
|
|
|
|
|
|||
Basic |
|
|
$ |
(21,619 |
) |
|
|
49,769 |
|
|
$ |
(0.43 |
) |
Effect of dilutive securities |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
Diluted |
|
|
$ |
(21,619 |
) |
|
|
49,769 |
|
|
$ |
(0.43 |
) |
|
|
|
|
|
|
|
|
|
|
|
|||
2024 |
|
|
|
|
|
|
|
|
|
|
|||
Basic |
|
|
$ |
23,496 |
|
|
|
35,559 |
|
|
$ |
0.66 |
|
Effect of dilutive securities |
|
|
|
— |
|
|
|
573 |
|
|
|
|
|
Diluted |
|
|
$ |
23,496 |
|
|
|
36,132 |
|
|
$ |
0.65 |
|
|
|
|
|
|
|
|
|
|
|
|
|||
2023 |
|
|
|
|
|
|
|
|
|
|
|||
Basic |
|
|
$ |
(103,987 |
) |
|
|
30,265 |
|
|
$ |
(3.44 |
) |
Effect of dilutive securities |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
Diluted |
|
|
$ |
(103,987 |
) |
|
|
30,265 |
|
|
$ |
(3.44 |
) |
All restricted units, totaling 950 thousand units and 538 thousand units, were excluded from the calculation of earnings per share for the year ended December 31, 2025 and December 31, 2023, because the units were anti-dilutive. No units were excluded for the year ended December 31, 2024.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Mar 4, 2025 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.