2024 Q4 Form 10-Q Financial Statement

#000155943224000052 Filed on November 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $68.73M $69.87M
YoY Change -1.64% -42.11%
Cost Of Revenue $35.66M
YoY Change 8.78%
Gross Profit $34.22M
YoY Change -61.08%
Gross Profit Margin 48.97%
Selling, General & Admin $1.756M
YoY Change 1990.48%
% of Gross Profit 5.13%
Research & Development $24.00K
YoY Change -70.37%
% of Gross Profit 0.07%
Depreciation & Amortization $13.57M $10.62M
YoY Change 27.85% 0.04%
% of Gross Profit 31.03%
Operating Expenses $73.70M $29.84M
YoY Change 146.96% -19.97%
Operating Profit -$4.966M $4.375M
YoY Change -213.51% -91.36%
Interest Expense -$1.095M
YoY Change -49.33%
% of Operating Profit -25.03%
Other Income/Expense, Net $5.169M $5.199M
YoY Change -0.58% -28.28%
Pretax Income $8.479M
YoY Change -84.78%
Income Tax
% Of Pretax Income
Net Earnings $203.0K $8.479M
YoY Change -97.61% -84.78%
Net Earnings / Revenue 0.3% 12.13%
Basic Earnings Per Share $0.01 $0.28
Diluted Earnings Per Share $0.01 $0.27
COMMON SHARES
Basic Shares Outstanding 40.91M shares 38.41M shares 30.75M shares
Diluted Shares Outstanding 39.83M shares 31.29M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.891M
YoY Change -47.16%
Cash & Equivalents $3.846M $5.891M
Short-Term Investments
Other Short-Term Assets $11.43M $13.60M
YoY Change -15.93% -1.39%
Inventory
Prepaid Expenses
Receivables $35.00M $32.67M
Other Receivables $0.00
Total Short-Term Assets $54.13M $52.16M
YoY Change 3.77% -29.85%
LONG-TERM ASSETS
Property, Plant & Equipment $945.3M $839.9M
YoY Change 12.55% 3.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.70M $2.217M
YoY Change 653.32% -62.57%
Total Long-Term Assets $962.0M $849.3M
YoY Change 13.28% 2.63%
TOTAL ASSETS
Total Short-Term Assets $54.13M $52.16M
Total Long-Term Assets $962.0M $849.3M
Total Assets $1.016B $901.4M
YoY Change 12.73% -0.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.09M $10.79M
YoY Change 30.56% -17.21%
Accrued Expenses $34.61M $26.05M
YoY Change 32.89% -28.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $53.14M $60.67M
YoY Change -12.41% -33.8%
LONG-TERM LIABILITIES
Long-Term Debt $25.10M
YoY Change -81.0%
Other Long-Term Liabilities $186.6M $133.0M
YoY Change 40.29% 3.39%
Total Long-Term Liabilities $186.6M $158.1M
YoY Change 18.01% -39.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.14M $60.67M
Total Long-Term Liabilities $186.6M $158.1M
Total Liabilities $239.7M $218.7M
YoY Change 9.57% -37.92%
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 $682.7M
YoY Change
Total Liabilities & Shareholders Equity $1.016B $901.4M
YoY Change 12.73% -0.05%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $203.0K $8.479M
YoY Change -97.61% -84.78%
Depreciation, Depletion And Amortization $13.57M $10.62M
YoY Change 27.85% 0.04%
Cash From Operating Activities $24.18M
YoY Change -31.27%
INVESTING ACTIVITIES
Capital Expenditures $11.95M
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$11.95M
YoY Change -80.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.78M
YoY Change -135.34%
NET CHANGE
Cash From Operating Activities 24.18M
Cash From Investing Activities -11.95M
Cash From Financing Activities -10.78M
Net Change In Cash 1.451M
YoY Change -53.6%
FREE CASH FLOW
Cash From Operating Activities $24.18M
Capital Expenditures $11.95M
Free Cash Flow $12.23M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001559432
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
32-0368858
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2024Q3 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
85584000 usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
4045000 usd
CY2024Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
178062000 usd
CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
73697000 usd
us-gaap Operating Expenses
OperatingExpenses
214318000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
3216000 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-12156000 usd
dei Entity Address Address Line1
EntityAddressAddressLine1
400 West 7th Street
dei Entity Address City Or Town
EntityAddressCityOrTown
Fort Worth
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
76102
dei City Area Code
CityAreaCode
817
dei Local Phone Number
LocalPhoneNumber
334-7800
dei Security12b Title
Security12bTitle
Common Units
dei Trading Symbol
TradingSymbol
TXO
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3846000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4505000 usd
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
34999000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
32226000 usd
CY2024Q3 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
3853000 usd
CY2023Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
6052000 usd
CY2024Q3 us-gaap Other Assets Current
OtherAssetsCurrent
11431000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
12406000 usd
CY2024Q3 us-gaap Assets Current
AssetsCurrent
54129000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
55189000 usd
CY2023Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
1540105000 usd
CY2024Q3 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
18699000 usd
CY2023Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
18479000 usd
CY2023Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
83854000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1992853000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1642438000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1047513000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1013115000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
945340000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
629323000 usd
CY2024Q3 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Noncurrent
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossNoncurrent
7131000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Noncurrent
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossNoncurrent
7131000 usd
CY2024Q3 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
3221000 usd
CY2023Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
0 usd
CY2024Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
6349000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
3970000 usd
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
16701000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
11101000 usd
CY2024Q3 us-gaap Assets
Assets
1016170000 usd
CY2023Q4 us-gaap Assets
Assets
695613000 usd
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
14085000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
8598000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
34612000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
23362000 usd
CY2024Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1348000 usd
CY2024Q3 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
1750000 usd
CY2023Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
1750000 usd
CY2024Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1346000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1361000 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
53141000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
39116000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
155100000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
28100000 usd
CY2023Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
152222000 usd
CY2024Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
7266000 usd
CY2023Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
0 usd
CY2024Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
1222000 usd
CY2023Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
2377000 usd
CY2024Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
186550000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
154599000 usd
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2024Q3 us-gaap Partners Capital
PartnersCapital
621379000 usd
CY2023Q4 us-gaap Partners Capital
PartnersCapital
473798000 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1016170000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
695613000 usd
CY2024Q3 us-gaap Revenues
Revenues
68731000 usd
us-gaap Revenues
Revenues
193478000 usd
us-gaap Revenues
Revenues
288745000 usd
CY2024Q3 txo Production Expense
ProductionExpense
39437000 usd
CY2023Q3 txo Production Expense
ProductionExpense
35657000 usd
txo Production Expense
ProductionExpense
108959000 usd
txo Production Expense
ProductionExpense
110338000 usd
CY2024Q3 us-gaap Exploration Expense
ExplorationExpense
20000 usd
CY2023Q3 us-gaap Exploration Expense
ExplorationExpense
24000 usd
us-gaap Exploration Expense
ExplorationExpense
214000 usd
us-gaap Exploration Expense
ExplorationExpense
107000 usd
CY2024Q3 txo Taxes Transportation And Other Expense
TaxesTransportationAndOtherExpense
14466000 usd
CY2023Q3 txo Taxes Transportation And Other Expense
TaxesTransportationAndOtherExpense
15261000 usd
txo Taxes Transportation And Other Expense
TaxesTransportationAndOtherExpense
43240000 usd
txo Taxes Transportation And Other Expense
TaxesTransportationAndOtherExpense
59252000 usd
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13573000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10616000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34422000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33097000 usd
CY2024Q3 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2926000 usd
CY2023Q3 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2185000 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
8491000 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
6462000 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3275000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1756000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10520000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5062000 usd
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
65499000 usd
us-gaap Operating Expenses
OperatingExpenses
205846000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-4966000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
4375000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-12368000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
74427000 usd
CY2024Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
6329000 usd
CY2023Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
5199000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
28584000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
18233000 usd
CY2024Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
700000 usd
CY2023Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
107000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
947000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
341000 usd
CY2024Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5169000 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4104000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
25646000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
15315000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
203000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
8479000 usd
us-gaap Net Income Loss
NetIncomeLoss
13278000 usd
us-gaap Net Income Loss
NetIncomeLoss
89742000 usd
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.98
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.93
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39272000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30750000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33762000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30102000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39828000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31285000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34340000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30640000 shares
us-gaap Net Income Loss
NetIncomeLoss
13278000 usd
us-gaap Net Income Loss
NetIncomeLoss
89742000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34422000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33097000 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
8491000 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
6462000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1269000 usd
txo Payments For Received From Derivative Instruments Operating Activities
PaymentsForReceivedFromDerivativeInstrumentsOperatingActivities
-2278000 usd
txo Payments For Received From Derivative Instruments Operating Activities
PaymentsForReceivedFromDerivativeInstrumentsOperatingActivities
81642000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4569000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2531000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-871000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-602000 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-3614000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
68792000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
59732000 usd
dei Entity Registrant Name
EntityRegistrantName
TXO Partners, L.P.
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Small Business
EntitySmallBusiness
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
40913332 shares
CY2024Q3 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
1888570000 usd
CY2023Q4 txo Accrued Ad Valorem Taxes Current
AccruedAdValoremTaxesCurrent
2177000 usd
CY2024Q3 txo Accrued Severance Taxes Current
AccruedSeveranceTaxesCurrent
2400000 usd
CY2023Q4 txo Accrued Severance Taxes Current
AccruedSeveranceTaxesCurrent
2828000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
159000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
238000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
34612000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
23362000 usd
us-gaap Interest Paid Net
InterestPaidNet
3500000 usd
us-gaap Interest Paid Net
InterestPaidNet
2500000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
1900000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
1100000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 us-gaap Revenues
Revenues
69874000 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
1860000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
1202000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
3885000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
3259000 usd
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
txo Payments To Acquire Proved Oil And Gas Property
PaymentsToAcquireProvedOilAndGasProperty
260769000 usd
txo Payments To Acquire Proved Oil And Gas Property
PaymentsToAcquireProvedOilAndGasProperty
8570000 usd
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
10866000 usd
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
30575000 usd
txo Payments To Acquire Unproved Oil And Gas Property
PaymentsToAcquireUnprovedOilAndGasProperty
220000 usd
txo Payments To Acquire Unproved Oil And Gas Property
PaymentsToAcquireUnprovedOilAndGasProperty
60000 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
1162000 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
1330000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-273012000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-40535000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
222000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
64000000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
95000000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
159000000 usd
txo Proceeds From Issuance Public Offering
ProceedsFromIssuancePublicOffering
141245000 usd
txo Proceeds From Issuance Public Offering
ProceedsFromIssuancePublicOffering
0 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
106277000 usd
txo Proceeds From Sale Of Units To Cover Withholding Taxes
ProceedsFromSaleOfUnitsToCoverWithholdingTaxes
930000 usd
txo Proceeds From Sale Of Units To Cover Withholding Taxes
ProceedsFromSaleOfUnitsToCoverWithholdingTaxes
0 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
851000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3173000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
125000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
61590000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
33662000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
203561000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-22510000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-659000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3313000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4505000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9204000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3846000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5891000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2997000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-19388000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-1238000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-69000 usd
txo Increase Decrease In Current Liabilities
IncreaseDecreaseInCurrentLiabilities
6473000 usd
txo Increase Decrease In Current Liabilities
IncreaseDecreaseInCurrentLiabilities
-6451000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1100000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-850000 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-3614000 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-12156000 usd
CY2024Q3 txo Equity Method Investment Representative Voting Interests
EquityMethodInvestmentRepresentativeVotingInterests
1 vote
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
155100000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
28100000 usd
CY2021Q4 txo Debt Instrument Covenant Hedge Threshold Minimum Period Scenario One
DebtInstrumentCovenantHedgeThresholdMinimumPeriodScenarioOne
P24M
CY2021Q4 txo Debt Instrument Covenant Hedge Threshold Minimum Period Scenario Two
DebtInstrumentCovenantHedgeThresholdMinimumPeriodScenarioTwo
P12M
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
153972000 usd
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
18408000 usd
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
1059000 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
8491000 usd
CY2024Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
179812000 usd
CY2024Q3 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
1750000 usd
CY2024Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
178062000 usd
CY2024Q3 txo Related Party Transaction Notice Period For Repayment Number Of Business Days
RelatedPartyTransactionNoticePeriodForRepaymentNumberOfBusinessDays
2 d
CY2024Q3 txo Payments For Received From Derivative Instruments Operating Activities
PaymentsForReceivedFromDerivativeInstrumentsOperatingActivities
-6000 usd
CY2023Q3 txo Payments For Received From Derivative Instruments Operating Activities
PaymentsForReceivedFromDerivativeInstrumentsOperatingActivities
3448000 usd
txo Payments For Received From Derivative Instruments Operating Activities
PaymentsForReceivedFromDerivativeInstrumentsOperatingActivities
-2278000 usd
txo Payments For Received From Derivative Instruments Operating Activities
PaymentsForReceivedFromDerivativeInstrumentsOperatingActivities
81642000 usd
CY2024Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-549000 usd
CY2023Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1571000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-3547000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
84858000 usd
CY2024Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-543000 usd
CY2023Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-5019000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1269000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
3216000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
203000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39272000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2024Q3 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
556000 shares
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
203000 usd
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39828000 shares
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8479000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30750000 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2023Q3 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
535000 shares
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
8479000 usd
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31285000 shares
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13278000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33762000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
us-gaap Dilutive Securities
DilutiveSecurities
0 usd
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
579000 shares
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
13278000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34340000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
89742000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30102000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.98
us-gaap Dilutive Securities
DilutiveSecurities
0 usd
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
539000 shares
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
89742000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30640000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.93
CY2023Q4 us-gaap Partners Capital Distribution Amount Per Share
PartnersCapitalDistributionAmountPerShare
0.58
CY2024Q1 us-gaap Partners Capital Distribution Amount Per Share
PartnersCapitalDistributionAmountPerShare
0.65
CY2024Q2 us-gaap Partners Capital Distribution Amount Per Share
PartnersCapitalDistributionAmountPerShare
0.57
CY2024Q2 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
6500000 shares
CY2024Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
20.00
CY2024Q2 txo Sale Of Stock Estimated Consideration Received Per Transaction
SaleOfStockEstimatedConsiderationReceivedPerTransaction
122500000 usd
CY2024Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
975000 shares
CY2024Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
20.00
CY2024Q3 txo Sale Of Stock Estimated Consideration Received Per Transaction
SaleOfStockEstimatedConsiderationReceivedPerTransaction
18700000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
69274000 usd
CY2024Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-549000 usd
CY2024Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
6000 usd
CY2024Q3 us-gaap Revenues
Revenues
68731000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
74893000 usd
CY2023Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1571000 usd
CY2023Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-3448000 usd
CY2023Q3 us-gaap Revenues
Revenues
69874000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
194747000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-3547000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
2278000 usd
us-gaap Revenues
Revenues
193478000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
285529000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
84858000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-81642000 usd
us-gaap Revenues
Revenues
288745000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
208875 shares
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4600000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2500000 usd
us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
10800000 usd
txo Share Based Payment Arrangement Expense Remainder Of Fiscal Year
ShareBasedPaymentArrangementExpenseRemainderOfFiscalYear
1600000 usd
txo Share Based Payment Arrangement Expense Year One
ShareBasedPaymentArrangementExpenseYearOne
6100000 usd
txo Share Based Payment Arrangement Expense Year Two
ShareBasedPaymentArrangementExpenseYearTwo
2900000 usd
txo Share Based Payment Arrangement Expense Year Three
ShareBasedPaymentArrangementExpenseYearThree
200000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M12D
CY2024Q3 txo Accrued Production Expenses Current
AccruedProductionExpensesCurrent
19841000 usd
CY2023Q4 txo Accrued Production Expenses Current
AccruedProductionExpensesCurrent
17443000 usd
CY2024Q3 txo Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
5545000 usd
CY2023Q4 txo Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
676000 usd
CY2024Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
3619000 usd
CY2023Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
0 usd
CY2024Q3 txo Accrued Ad Valorem Taxes Current
AccruedAdValoremTaxesCurrent
3048000 usd

Files In Submission

Name View Source Status
0001559432-24-000052-index-headers.html Edgar Link pending
0001559432-24-000052-index.html Edgar Link pending
0001559432-24-000052.txt Edgar Link pending
0001559432-24-000052-xbrl.zip Edgar Link pending
ex311txo-q3202410xqsection.htm Edgar Link pending
ex312txo-q3202410xqsection.htm Edgar Link pending
ex321txo-q3202410xqsection.htm Edgar Link pending
ex322txo-q3202410xqsection.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
txo-20240930.htm Edgar Link pending
txo-20240930.xsd Edgar Link pending
txo-20240930_def.xml Edgar Link unprocessable
txo-20240930_lab.xml Edgar Link unprocessable
txo-20240930_pre.xml Edgar Link unprocessable
txo-20240930_htm.xml Edgar Link completed
txo-20240930_cal.xml Edgar Link unprocessable