2024 Q1 Form 10-K Financial Statement

#000155943224000011 Filed on March 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $67.44M $91.97M $380.7M
YoY Change -57.42% 117.13% 54.51%
Cost Of Revenue $33.08M $34.39M $144.7M
YoY Change -6.34% 2.05% 13.37%
Gross Profit $34.36M $57.58M $236.0M
YoY Change -72.09% 564.98% 98.75%
Gross Profit Margin 50.94% 62.61% 61.98%
Selling, General & Admin $2.654M $2.825M $7.887M
YoY Change 19.44% 163.04% 379.16%
% of Gross Profit 7.72% 4.91% 3.34%
Research & Development $123.0K $44.00K $151.0K
YoY Change 83.58% -44.3% -58.06%
% of Gross Profit 0.36% 0.08% 0.06%
Depreciation & Amortization $10.52M $11.19M $44.29M
YoY Change -3.85% 1.41% 7.07%
% of Gross Profit 30.61% 19.44% 18.77%
Operating Expenses $64.73M $32.41M $504.5M
YoY Change -18.65% -9.31% 249.34%
Operating Profit $2.705M $25.18M -$123.8M
YoY Change -96.57% -192.99% 382.01%
Interest Expense $976.0K -$1.044M $4.423M
YoY Change -32.18% -59.8% -154.91%
% of Operating Profit 36.08% -4.15%
Other Income/Expense, Net $7.562M $5.523M $19.79M
YoY Change 51.79% -25.26% -24.06%
Pretax Income $10.27M -$193.7M -$104.0M
YoY Change -87.75% 769.48% 1256.12%
Income Tax
% Of Pretax Income
Net Earnings $10.27M -$193.7M -$104.0M
YoY Change -87.75% 769.48% 1256.12%
Net Earnings / Revenue 15.22% -210.64% -27.31%
Basic Earnings Per Share $0.33 -$3.44
Diluted Earnings Per Share $0.33 -$6.30 -$3.44
COMMON SHARES
Basic Shares Outstanding 30.75M shares 30.27M shares
Diluted Shares Outstanding 31.43M shares 30.27M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.570M $4.505M $4.505M
YoY Change -36.95% -51.05% -51.05%
Cash & Equivalents $4.570M $4.505M $4.505M
Short-Term Investments
Other Short-Term Assets $13.47M $12.41M $18.46M
YoY Change -5.31% 10.01% 47.44%
Inventory
Prepaid Expenses
Receivables $30.72M $32.23M $32.23M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $53.93M $55.19M $55.19M
YoY Change -13.35% -25.45% -25.45%
LONG-TERM ASSETS
Property, Plant & Equipment $623.8M $629.3M $629.3M
YoY Change -25.26% -24.76% -24.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.53M $11.10M $3.970M
YoY Change 2.21% -21.82% -43.84%
Total Long-Term Assets $634.3M $640.4M $640.4M
YoY Change -24.92% -24.71% -24.71%
TOTAL ASSETS
Total Short-Term Assets $53.93M $55.19M $55.19M
Total Long-Term Assets $634.3M $640.4M $640.4M
Total Assets $688.2M $695.6M $695.6M
YoY Change -24.13% -24.77% -24.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.659M $8.598M $8.598M
YoY Change -49.69% -41.45% -41.45%
Accrued Expenses $25.14M $23.36M $23.36M
YoY Change -10.05% -31.55% -31.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $39.72M $39.12M $39.12M
YoY Change -37.09% -73.47% -73.47%
LONG-TERM LIABILITIES
Long-Term Debt $26.10M $28.10M $28.10M
YoY Change 267.61% -76.6% -76.6%
Other Long-Term Liabilities $156.6M $154.6M $154.6M
YoY Change 22.11% 14.07% 14.07%
Total Long-Term Liabilities $156.6M $154.6M $182.7M
YoY Change 22.11% 14.07% -28.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.72M $39.12M $39.12M
Total Long-Term Liabilities $156.6M $154.6M $182.7M
Total Liabilities $196.4M $193.7M $221.8M
YoY Change 2.58% -31.55% -44.97%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $465.7M $473.8M $473.8M
YoY Change
Total Liabilities & Shareholders Equity $688.2M $695.6M $695.6M
YoY Change -24.13% -24.77% -24.77%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $10.27M -$193.7M -$104.0M
YoY Change -87.75% 769.48% 1256.12%
Depreciation, Depletion And Amortization $10.52M $11.19M $44.29M
YoY Change -3.85% 1.41% 7.07%
Cash From Operating Activities $25.20M $17.42M $77.15M
YoY Change 46.93% -46.75% -43.43%
INVESTING ACTIVITIES
Capital Expenditures $3.015M $5.685M $46.22M
YoY Change -75.65% -46.87%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$3.015M -$5.685M -$46.22M
YoY Change -75.65% -64.97% -46.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $12.00M $178.0M
YoY Change -92.0% -88.08%
Cash From Financing Activities -$22.12M -13.12M -$35.63M
YoY Change 228.93% -28.81% -25.85%
NET CHANGE
Cash From Operating Activities $25.20M 17.42M $77.15M
Cash From Investing Activities -$3.015M -5.685M -$46.22M
Cash From Financing Activities -$22.12M -13.12M -$35.63M
Net Change In Cash $65.00K -1.386M -$4.699M
YoY Change -103.32% -28.7% -383.58%
FREE CASH FLOW
Cash From Operating Activities $25.20M $17.42M $77.15M
Capital Expenditures $3.015M $5.685M $46.22M
Free Cash Flow $22.18M $11.73M $30.93M
YoY Change 365.23% -37.38%

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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-86670000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-227801000 usd
CY2023 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
86000000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1461000000 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1437000000 usd
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
178000000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1493000000 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1427000000 usd
CY2023 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1029000 usd
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
CY2023 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
106277000 usd
CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 usd
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 usd
CY2023 txo Proceeds From Permanent Equity Investment
ProceedsFromPermanentEquityInvestment
0 usd
CY2022 txo Proceeds From Permanent Equity Investment
ProceedsFromPermanentEquityInvestment
0 usd
CY2021 txo Proceeds From Permanent Equity Investment
ProceedsFromPermanentEquityInvestment
132660000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-35629000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-48053000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
139689000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4699000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1657000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-14386000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9204000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7547000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21933000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4505000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
546000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
5704000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9204000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7547000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-19683000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
22753000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14811000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1571000 usd
CY2023 txo Increase Decrease In Aid Of Construction
IncreaseDecreaseInAidOfConstruction
0 usd
CY2022 txo Increase Decrease In Aid Of Construction
IncreaseDecreaseInAidOfConstruction
238000 usd
CY2021 txo Increase Decrease In Aid Of Construction
IncreaseDecreaseInAidOfConstruction
0 usd
CY2023 txo Increase Decrease In Current Liabilities
IncreaseDecreaseInCurrentLiabilities
-10877000 usd
CY2022 txo Increase Decrease In Current Liabilities
IncreaseDecreaseInCurrentLiabilities
12401000 usd
CY2021 txo Increase Decrease In Current Liabilities
IncreaseDecreaseInCurrentLiabilities
10028000 usd
CY2023 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1617000 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1485000 usd
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-640000 usd
CY2023 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-6643000 usd
CY2022 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
17303000 usd
CY2021 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
6994000 usd
CY2020Q4 us-gaap Partners Capital
PartnersCapital
303268000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
52475000 usd
CY2021 txo Increase In Partners Capital Account Dividends Paid In Kind
IncreaseInPartnersCapitalAccountDividendsPaidInKind
8248000 usd
CY2021 us-gaap Dividends Paidinkind
DividendsPaidinkind
8248000 usd
CY2021 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
2400000 usd
CY2021 us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
132660000 usd
CY2021 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
139000 usd
CY2021 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
-2668000 usd
CY2021 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
53363000 usd
CY2021 us-gaap Partners Capital Other
PartnersCapitalOther
0 usd
CY2021 us-gaap Partners Capital Account Exchanges And Conversions
PartnersCapitalAccountExchangesAndConversions
0 usd
CY2021Q4 us-gaap Partners Capital
PartnersCapital
541359000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-7668000 usd
CY2022 txo Increase In Partners Capital Account Dividends Paid In Kind
IncreaseInPartnersCapitalAccountDividendsPaidInKind
1715000 usd
CY2022 us-gaap Dividends Paidinkind
DividendsPaidinkind
1715000 usd
CY2022 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
13183000 usd
CY2022 us-gaap Partners Capital Account Exchanges And Conversions
PartnersCapitalAccountExchangesAndConversions
0 usd
CY2022 us-gaap Partners Capital Account Option Exercise
PartnersCapitalAccountOptionExercise
1029000 usd
CY2022Q4 us-gaap Partners Capital
PartnersCapital
521537000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-103987000 usd
CY2023 us-gaap Partners Capital Account Public Sale Of Units
PartnersCapitalAccountPublicSaleOfUnits
102540000 usd
CY2023 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
3470000 usd
CY2023 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
49762000 usd
CY2023 us-gaap Partners Capital Account Exchanges And Conversions
PartnersCapitalAccountExchangesAndConversions
0 usd
CY2023Q4 us-gaap Partners Capital
PartnersCapital
473798000 usd
CY2023Q4 txo Number Of Officers On The Board Of Directors
NumberOfOfficersOnTheBoardOfDirectors
3 officer
CY2023Q4 txo Number Of Independent Directors On The Board Of Directors
NumberOfIndependentDirectorsOnTheBoardOfDirectors
4 director
CY2023Q4 txo Equity Method Investment Representative Voting Interests
EquityMethodInvestmentRepresentativeVotingInterests
1 vote
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;padding-left:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates in the Preparation of Financial Statements</span></div><div style="margin-top:12pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual amounts could differ from these estimates, and changes in these estimates are recorded when known. Significant items subject to such estimates and assumptions include the following:</span></div><div style="margin-top:12pt;padding-left:72pt;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:23.5pt">estimates of proved reserves and related estimates of the present value of future revenues;</span></div><div style="margin-top:12pt;padding-left:72pt;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:23.5pt">the recoverability of oil and gas properties;</span></div><div style="margin-top:12pt;padding-left:72pt;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:23.5pt">estimates of revenue earned but not yet received;</span></div><div style="margin-top:12pt;padding-left:72pt;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:23.5pt">asset retirement obligations; and</span></div><div style="margin-top:12pt;padding-left:72pt;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:23.5pt">legal and environmental risks and exposure.</span></div>
CY2023Q4 txo Proved Oil And Gas Property Capitalized Well Drilling Costs
ProvedOilAndGasPropertyCapitalizedWellDrillingCosts
3000000 usd
CY2022Q4 txo Proved Oil And Gas Property Capitalized Well Drilling Costs
ProvedOilAndGasPropertyCapitalizedWellDrillingCosts
17100000 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
223400000 usd
CY2022 srt Minimum Remaining Terms Of Leases And Concessions On Undeveloped Acreage1
MinimumRemainingTermsOfLeasesAndConcessionsOnUndevelopedAcreage1
P5Y
CY2023 srt Minimum Remaining Terms Of Leases And Concessions On Undeveloped Acreage1
MinimumRemainingTermsOfLeasesAndConcessionsOnUndevelopedAcreage1
P2Y
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
28100000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
120100000 usd
CY2023Q2 txo Debt Instrument Covenant Hedge Threshold Minimum Period Scenario One
DebtInstrumentCovenantHedgeThresholdMinimumPeriodScenarioOne
P24M
CY2023Q2 txo Debt Instrument Covenant Hedge Threshold Minimum Period Scenario Two
DebtInstrumentCovenantHedgeThresholdMinimumPeriodScenarioTwo
P12M
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
126458000 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
104489000 usd
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
18741000 usd
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
14174000 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
1420000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
3357000 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
1291000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
1617000 usd
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
8644000 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
6055000 usd
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
153972000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
126458000 usd
CY2023Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
1750000 usd
CY2022Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
2500000 usd
CY2023Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
152222000 usd
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
123958000 usd
CY2023Q4 txo Related Party Transaction Notice Period For Repayment Number Of Business Days
RelatedPartyTransactionNoticePeriodForRepaymentNumberOfBusinessDays
2 d
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
223400000 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023 txo Payments For Received From Derivative Instruments Operating Activities
PaymentsForReceivedFromDerivativeInstrumentsOperatingActivities
83068000 usd
CY2022 txo Payments For Received From Derivative Instruments Operating Activities
PaymentsForReceivedFromDerivativeInstrumentsOperatingActivities
89997000 usd
CY2021 txo Payments For Received From Derivative Instruments Operating Activities
PaymentsForReceivedFromDerivativeInstrumentsOperatingActivities
0 usd
CY2023 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
106247000 usd
CY2021 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
8977000 usd
CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
23179000 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-203214000 usd
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
8977000 usd
CY2020Q3 us-gaap Capital Units Total Cost To Investors
CapitalUnitsTotalCostToInvestors
35000000 usd
CY2020Q3 us-gaap Preferred Units Issued
PreferredUnitsIssued
533.63 shares
CY2020Q3 us-gaap Proceeds From Issuance Of Preferred Limited Partners Units
ProceedsFromIssuanceOfPreferredLimitedPartnersUnits
50400000 usd
CY2020Q3 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
300000 usd
CY2021Q1 txo Fair Value Of Common Unit Issued
FairValueOfCommonUnitIssued
10.13
CY2022Q1 txo Fair Value Of Common Unit Issued
FairValueOfCommonUnitIssued
22.03
CY2023 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
49800000 usd
CY2023Q1 us-gaap Partners Capital Distribution Amount Per Share
PartnersCapitalDistributionAmountPerShare
0.50
CY2023Q2 us-gaap Partners Capital Distribution Amount Per Share
PartnersCapitalDistributionAmountPerShare
0.48
CY2023Q3 us-gaap Partners Capital Distribution Amount Per Share
PartnersCapitalDistributionAmountPerShare
0.52
CY2023Q4 us-gaap Partners Capital Distribution Amount Per Share
PartnersCapitalDistributionAmountPerShare
0.58
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
357539000 usd
CY2023 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
106247000 usd
CY2023 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
30800000 shares
CY2022 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
30800000 shares
CY2021 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
30800000 shares
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-103987000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30265000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.44
CY2023 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-103987000 usd
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30265000 shares
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.44
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7668000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25000000 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.31
CY2022 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-7668000 usd
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25000000 shares
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.31
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
52475000 usd
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25000000 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.10
CY2021 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
52475000 usd
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25000000 shares
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.10
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
538000 shares
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3500000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2400000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
118457 shares
CY2023 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
7200000 usd
CY2023 txo Share Based Payment Arrangement Expense Year One
ShareBasedPaymentArrangementExpenseYearOne
3500000 usd
CY2023 txo Share Based Payment Arrangement Expense Year Two
ShareBasedPaymentArrangementExpenseYearTwo
3500000 usd
CY2023 txo Share Based Payment Arrangement Expense Year Three
ShareBasedPaymentArrangementExpenseYearThree
300000 usd
CY2023 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-83068000 usd
CY2023 us-gaap Revenues
Revenues
380718000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
449611000 usd
CY2022 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-113217000 usd
CY2022 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-89997000 usd
CY2022 us-gaap Revenues
Revenues
246397000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
219367000 usd
CY2021 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
8977000 usd
CY2021 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0 usd
CY2021 us-gaap Revenues
Revenues
228344000 usd
CY2023Q4 txo Accrued Production Expenses Current
AccruedProductionExpensesCurrent
17443000 usd
CY2022Q4 txo Accrued Production Expenses Current
AccruedProductionExpensesCurrent
19846000 usd
CY2023Q4 txo Accrued Severance Taxes Current
AccruedSeveranceTaxesCurrent
2828000 usd
CY2022Q4 txo Accrued Severance Taxes Current
AccruedSeveranceTaxesCurrent
4946000 usd
CY2023Q4 txo Accrued Ad Valorem Taxes Current
AccruedAdValoremTaxesCurrent
2177000 usd
CY2022Q4 txo Accrued Ad Valorem Taxes Current
AccruedAdValoremTaxesCurrent
2420000 usd
CY2023Q4 txo Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
676000 usd
CY2022Q4 txo Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
6654000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
238000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
262000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
23362000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
34128000 usd
CY2023Q4 txo Partners Capital Account Units Distributions
PartnersCapitalAccountUnitsDistributions
0 shares
CY2022Q4 txo Partners Capital Account Units Distributions
PartnersCapitalAccountUnitsDistributions
37615 shares
CY2021Q4 txo Partners Capital Account Units Distributions
PartnersCapitalAccountUnitsDistributions
1301862 shares
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
700000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6700000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
3500000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
7900000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
4100000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
3600000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
500000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
100000 usd
CY2023 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
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IncreaseDecreaseInQuantityEstimates
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