Financial Snapshot

Revenue
$285.5M
TTM
Gross Margin
49.99%
TTM
Net Earnings
-$180.5M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
101.86%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
$239.7M
Q3 2024
Book Value
$776.5M
Q3 2024
Cash
Q3 2024
P/E
-3.900
Nov 29, 2024 EST
Free Cash Flow
$21.33M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $380.7M $246.4M $228.3M $108.8M
YoY Change 54.51% 7.91% 109.94%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $380.7M $246.4M $228.3M $108.8M
Cost Of Revenue $144.7M $127.7M $69.26M $49.15M
Gross Profit $236.0M $118.7M $159.1M $59.62M
Gross Profit Margin 61.98% 48.19% 69.67% 54.81%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $7.887M $1.646M $12.18M $6.995M
YoY Change 379.16% -86.48% 74.05%
% of Gross Profit 3.34% 1.39% 7.65% 11.73%
Research & Development $151.0K $360.0K $124.0K $55.00K
YoY Change -58.06% 190.32% 125.45%
% of Gross Profit 0.06% 0.3% 0.08% 0.09%
Depreciation & Amortization $44.29M $41.36M $39.89M $42.32M
YoY Change 7.07% 3.7% -5.75%
% of Gross Profit 18.77% 34.84% 25.07% 70.99%
Operating Expenses $504.5M $144.4M $114.9M $80.82M
YoY Change 249.34% 25.69% 42.16%
Operating Profit -$123.8M -$25.68M $44.19M -$21.20M
YoY Change 382.01% -158.11% -308.41%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense $4.423M -$8.055M -$5.854M -$8.010M
YoY Change -154.91% 37.6% -26.92%
% of Operating Profit -13.25%
Other Income/Expense, Net $19.79M $26.07M $14.13M $72.00K
YoY Change -24.06% 84.48% 19524.72%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income -$104.0M -$7.668M $52.48M -$163.2M
YoY Change 1256.12% -114.61% -132.15%
Income Tax
% Of Pretax Income
Net Earnings -$104.0M -$7.668M $52.48M -$163.2M
YoY Change 1256.12% -114.61% -132.15%
Net Earnings / Revenue -27.31% -3.11% 22.98% -150.08%
Basic Earnings Per Share -$3.44 -$0.31 $2.10
Diluted Earnings Per Share -$3.44 -$0.25 $1.75 -$5.44

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $4.505M $9.204M $7.547M $21.93M
YoY Change -51.05% 21.96% -65.59%
Cash & Equivalents $4.505M $9.204M $7.547M $21.93M
Short-Term Investments
Other Short-Term Assets $18.46M $12.52M $15.43M $3.223M
YoY Change 47.44% -18.84% 378.59%
Inventory
Prepaid Expenses
Receivables $32.23M $52.30M $34.12M $16.12M
Other Receivables $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $55.19M $74.03M $57.10M $41.28M
YoY Change -25.45% 29.65% 38.32%
Property, Plant & Equipment $629.3M $836.4M $760.3M $573.8M
YoY Change -24.76% 10.01% 32.51%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.970M $7.069M $8.265M $1.742M
YoY Change -43.84% -14.47% 374.45%
Total Long-Term Assets $640.4M $850.6M $775.7M $582.7M
YoY Change -24.71% 9.65% 33.13%
Total Assets $695.6M $924.6M $832.8M $623.9M
YoY Change
Accounts Payable $8.598M $14.69M $3.965M $3.660M
YoY Change -41.45% 270.39% 8.33%
Accrued Expenses $23.36M $34.13M $23.76M $14.16M
YoY Change -31.55% 43.65% 67.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $39.12M $147.5M $35.27M $18.92M
YoY Change -73.47% 318.06% 86.46%
Long-Term Debt $28.10M $120.1M $152.1M $151.3M
YoY Change -76.6% -21.04% 0.56%
Other Long-Term Liabilities $154.6M $135.5M $104.1M $99.81M
YoY Change 14.07% 30.21% 4.29%
Total Long-Term Liabilities $182.7M $255.6M $256.2M $251.1M
YoY Change -28.53% -0.22% 2.04%
Total Liabilities $221.8M $403.1M $291.5M $270.0M
YoY Change -44.97% 38.3% 7.96%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 30.27M shares 25.00M shares 25.00M shares
Diluted Shares Outstanding 30.27M shares 25.00M shares 25.00M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $703.71 Million

About TXO Partners, L.P.

TXO Partners LP engages in the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. The company is headquartered in Fort Worth, Texas and currently employs 184 full-time employees. The company went IPO on 2023-01-27. The Company’s acreage positions are concentrated in the Permian Basin of West Texas and New Mexico and the San Juan Basin of New Mexico and Colorado. Its assets consist of approximately 845,820 gross (371,796 net) leasehold and mineral acres located primarily in the Permian Basin and San Juan Basin. Its assets include a 50% interest in Cross Timbers Energy, LLC (Cross Timbers). As operator, it designs and manages the development, recompletion or workover for all of the wells it operates and supervises operation and maintenance activities on a day-to-day basis. The company markets the majority of the natural gas, NGL, crude oil and condensate production from the properties on which it operates. The company also markets products produced by third party working interest owners.

Industry: Crude Petroleum & Natural Gas Peers: Berry Corp (bry) CONOCOPHILLIPS TELLURIAN INC. /DE/ PERMIAN BASIN ROYALTY TRUST SANDRIDGE ENERGY INC Riley Exploration Permian, Inc. Vitesse Energy, Inc.