TXO · TXO Partners, L.P.
3 customers — 10% of revenue (the years ended December 31, 2025)
“For the years ended December 31, 2025, we had three customers and December 31, 2024, we had two customers that each accounted for more than 10% of total revenues.”
2 customers — 10% of revenue (December 31, 2024)
“For the years ended December 31, 2025, we had three customers and December 31, 2024, we had two customers that each accounted for more than 10% of total revenues.”
Price & Indicators
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Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders Strong BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDAX non-GAAP | $55.03M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income (loss) 60.77M
+5.58M Interest expense
-197K Interest income
+23.97M Depreciation, depletion and amortization
+3.2M Accretion of discount in asset retirement obligation
+126K Exploration expense
-39.63M Non-cash derivative (gain) loss
+2.79M Non-cash incentive compensation
-1.58M Non-recurring (gain)/loss
= Adjusted EBITDAX 55.03M
|
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| Cash Available for Distribution non-GAAP | $34.62M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Adjusted EBITDAX 55.03M
-5.24M Cash Interest expense
+197K Cash Interest income
-126K Exploration expense
-15.24M Development costs
= Cash Available for Distribution 34.62M
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| Cash distribution per unit | $0.4 | Three months ended June 30, 2026 filing | — |
| Cash Interest expense non-GAAP | -$5.24M | Three months ended June 30, 2026 filing | — |
| Natural gas liquids sales | 387 | Three months ended June 30, 2026 filing | — |
| Natural gas sales | 6,015 | Three months ended June 30, 2026 filing | — |
| Oil and condensate sales | 1,206 | Three months ended June 30, 2026 filing | — |
| Total sales volumes | 2,596 | Three Months Ended June 30, 2026 filing | — |
| Total sales volumes per day | 29 | Three Months Ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas E&P — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
TXO
this stock
TXO Partners, L.P.
|
$803.97M | +35.9% | +41.8% | — | 1.5% |
|
COP
Conocophillips
|
$156.59B | +39.2% | +7.7% | 17.2 | 1.4% |
|
CNQ
CANADIAN NATURAL RESOURCES Ltd
|
$100.99B | +44.7% | — | — | 2.8% |
|
EOG
Eog Resources Inc
|
$75.19B | +36.5% | -4.5% | 11.2 | 2.8% |
|
OXY
Occidental Petroleum Corp /De/
|
$59.13B | +43.7% | -1.9% | — | 2.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TXO | +1.8% | +8.0% | +14.4% | +8.0% | +35.9% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | +1.4% | +5.0% | +1.0% | +5.0% | +23.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.