TXO Partners (TXO) Financials

$16.66 -0.04 (-0.24%)

As of 03:57 PM Eastern

Annual Income Statements for TXO Partners

This table shows TXO Partners' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	52	-7.67	-104	23
Consolidated Net Income / (Loss)	52	-7.67	-104	23
Net Income / (Loss) Continuing Operations	52	-7.67	-104	23
Total Pre-Tax Income	52	-7.67	-104	23
Total Operating Income	44	-26	-124	-6.86
Total Gross Profit	228	246	381	283
Total Revenue	228	246	381	283
Total Cost of Revenue	0.00	0.00	0.00	0.00
Total Operating Expenses	184	272	504	290
Selling, General & Admin Expense	12	1.65	7.89	15
Marketing Expense	69	128	145	150
Exploration Expense	0.12	0.36	0.15	0.37
Depreciation Expense	40	41	44	52
Other Operating Expenses / (Income)	63	101	84	72
Impairment Charge	0.00	0.00	223	0.00
Total Other Income / (Expense), net	8.29	18	20	30
Interest Expense	5.87	8.20	4.42	7.87
Interest & Investment Income	0.02	0.14	0.46	1.08
Other Income / (Expense), net	14	26	24	37
Basic Earnings per Share	$2.10	($0.31)	($3.44)	$0.66
Weighted Average Basic Shares Outstanding	25M	25M	30.27M	35.56M
Diluted Earnings per Share	$2.10	($0.31)	($3.44)	$0.65
Weighted Average Diluted Shares Outstanding	25M	25M	30.27M	36.13M
Weighted Average Basic & Diluted Shares Outstanding	-	-	30.75M	41.17M

This table shows TXO Partners' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	56	-22	84	-2.55	8.48	-194	10	2.81	0.20	10
Consolidated Net Income / (Loss)	56	-22	84	-2.55	8.48	-194	10	2.81	0.20	10
Net Income / (Loss) Continuing Operations	56	-22	84	-2.55	8.48	-194	10	2.81	0.20	10
Total Pre-Tax Income	56	-22	84	-2.55	8.48	-194	10	2.81	0.20	10
Total Operating Income	51	-27	79	-8.78	4.38	-198	2.71	-10	-4.97	5.51
Total Gross Profit	121	42	158	60	70	92	67	57	69	89
Total Revenue	121	42	158	60	70	92	67	57	69	89
Total Operating Expenses	70	69	80	69	65	290	65	67	74	84
Selling, General & Admin Expense	0.08	1.07	2.22	1.08	1.76	2.83	2.65	4.59	3.28	4.01
Marketing Expense	33	34	35	39	36	34	33	36	39	41
Exploration Expense	0.08	0.08	0.07	0.02	0.02	0.04	0.12	0.07	0.02	0.16
Depreciation Expense	11	11	11	12	11	11	11	10	14	18
Other Operating Expenses / (Income)	27	24	31	17	17	18	18	16	17	20
Total Other Income / (Expense), net	5.09	4.79	4.98	6.23	4.10	4.48	7.56	13	5.17	4.71
Interest Expense	2.21	2.67	1.44	0.62	1.20	1.16	0.98	1.05	1.86	3.99
Interest & Investment Income	0.05	0.08	0.11	0.13	0.11	0.12	0.13	0.12	0.70	0.13
Other Income / (Expense), net	7.25	7.39	6.31	6.72	5.20	5.52	8.41	14	6.33	8.57
Basic Earnings per Share	$2.23	($0.90)	$2.91	($0.08)	$0.28	($6.55)	$0.33	$0.09	$0.01	$0.23
Weighted Average Basic Shares Outstanding	25M	25M	28.78M	30.75M	30.75M	30.27M	30.80M	31.15M	39.27M	35.56M
Diluted Earnings per Share	$2.23	($0.90)	$2.86	($0.08)	$0.27	($6.49)	$0.33	$0.09	$0.01	$0.22
Weighted Average Diluted Shares Outstanding	25M	25M	29.33M	30.75M	31.29M	30.27M	31.43M	31.71M	39.83M	36.13M
Weighted Average Basic & Diluted Shares Outstanding	-	0.00	30.75M	30.75M	30.75M	30.75M	30.94M	38.41M	40.91M	41.17M

This table details how cash moves in and out of TXO Partners' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Net Change in Cash & Equivalents	-14	1.66	-4.70	2.80
Net Cash From Operating Activities	74	136	77	109
Net Cash From Continuing Operating Activities	74	136	77	109
Net Income / (Loss) Continuing Operations	52	-7.67	-104	23
Consolidated Net Income / (Loss)	52	-7.67	-104	23
Depreciation Expense	40	41	44	52
Non-Cash Adjustments To Reconcile Net Income	-12	120	130	26
Changes in Operating Assets and Liabilities, net	-6.99	-17	6.64	6.91
Net Cash From Investing Activities	-228	-87	-46	-288
Net Cash From Continuing Investing Activities	-228	-87	-46	-288
Purchase of Property, Plant & Equipment	-228	-87	-46	-288
Sale of Property, Plant & Equipment	0.00	0.32	0.00	0.12
Net Cash From Financing Activities	140	-48	-36	182
Net Cash From Continuing Financing Activities	140	-48	-36	182
Repayment of Debt	-1,430	-1,493	-178	-125
Repurchase of Common Equity	0.00	-3.74	0.00	0.00
Payment of Dividends	-0.14	-13	-50	-85
Issuance of Debt	1,437	1,461	86	251
Issuance of Common Equity	0.00	0.00	106	0.00
Other Financing Activities, net	133	1.03	0.00	141

This table details how cash moves in and out of TXO Partners' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	3.13	-1.94	-1.96	-2.81	1.45	-1.39	0.07	71	-72	3.46
Net Cash From Operating Activities	35	33	17	18	24	17	25	23	21	41
Net Cash From Continuing Operating Activities	35	33	17	18	24	17	25	23	21	41
Net Income / (Loss) Continuing Operations	56	-22	84	-2.55	8.48	-194	10	2.81	0.20	10
Consolidated Net Income / (Loss)	56	-22	84	-2.55	8.48	-194	10	2.81	0.20	10
Depreciation Expense	11	11	11	12	11	11	11	10	14	18
Non-Cash Adjustments To Reconcile Net Income	-27	52	-93	12	4.94	205	4.82	7.20	5.46	9.00
Changes in Operating Assets and Liabilities, net	-4.14	-7.57	15	-2.95	0.15	-5.51	-0.41	2.55	1.48	3.30
Net Cash From Investing Activities	-63	-16	-12	-16	-12	-5.69	-3.02	-35	-235	-15
Net Cash From Continuing Investing Activities	-63	-16	-12	-16	-12	-5.69	-3.02	-35	-235	-15
Purchase of Property, Plant & Equipment	-63	-17	-12	-16	-12	-5.69	-3.02	-35	-235	-15
Sale of Property, Plant & Equipment	-	-	-	-	-	-	-	-	-	0.12
Net Cash From Financing Activities	30	-18	-6.72	-5.01	-11	-13	-22	84	142	-22
Net Cash From Continuing Financing Activities	30	-18	-6.72	-5.01	-11	-13	-22	84	142	-22
Repayment of Debt	-315	-374	-150	2.89	-12	-19	-12	-70	-16	-27
Payment of Dividends	-	-6.70	0.00	-19	-15	-16	-19	-20	-22	-24
Issuance of Debt	348	362	37	11	16	22	10	174	39	29
Other Financing Activities, net	-	-	0.00	-	-	-	-0.66	0.74	141	-0.01

This table presents TXO Partners' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	925	696	1,031
Total Current Assets	74	55	64
Cash & Equivalents	9.20	4.51	7.31
Accounts Receivable	52	32	40
Other Current Assets	13	18	17
Plant, Property, & Equipment, net	836	629	951
Plant, Property & Equipment, gross	1,582	1,642	2,017
Accumulated Depreciation	745	1,013	1,065
Total Noncurrent Assets	14	11	15
Noncurrent Note & Lease Receivables	7.13	7.13	7.13
Other Noncurrent Operating Assets	7.07	3.97	7.87
Total Liabilities & Shareholders' Equity	925	696	1,031
Total Liabilities	403	222	421
Total Current Liabilities	147	39	66
Accounts Payable	15	8.60	18
Accrued Expenses	34	23	39
Other Current Liabilities	99	7.16	9.19
Total Noncurrent Liabilities	256	183	355
Long-Term Debt	120	28	157
Asset Retirement Reserve & Litigation Obligation	124	152	189
Other Noncurrent Operating Liabilities	12	2.38	9.08
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	522	474	609
Total Preferred & Common Equity	522	474	609
Total Common Equity	522	474	609
Common Stock	522	474	609

This table presents TXO Partners' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	907	901	901	688	775	1,016
Total Current Assets	62	50	52	54	117	54
Cash & Equivalents	7.25	4.44	5.89	4.57	76	3.85
Accounts Receivable	32	30	33	31	29	35
Other Current Assets	23	15	14	19	13	15
Plant, Property, & Equipment, net	835	841	840	624	648	945
Plant, Property & Equipment, gross	1,591	1,609	1,618	1,647	1,681	1,993
Accumulated Depreciation	756	768	779	1,024	1,034	1,048
Total Noncurrent Assets	10	9.57	9.35	11	9.94	17
Noncurrent Note & Lease Receivables	7.13	7.13	7.13	7.13	7.13	7.13
Other Noncurrent Operating Assets	3.17	2.43	2.22	3.39	2.81	9.57
Total Liabilities & Shareholders' Equity	907	901	901	688	775	1,016
Total Liabilities	199	213	219	222	202	395
Total Current Liabilities	63	53	61	40	36	53
Accounts Payable	15	9.79	11	7.66	8.83	14
Accrued Expenses	28	27	26	25	23	35
Other Current Liabilities	20	17	24	6.92	4.09	4.44
Total Noncurrent Liabilities	135	160	158	183	166	342
Long-Term Debt	7.10	21	25	26	7.10	155
Asset Retirement Reserve & Litigation Obligation	126	129	131	155	157	178
Other Noncurrent Operating Liabilities	2.40	9.66	1.62	1.85	1.50	8.49
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	709	688	683	466	573	621
Total Preferred & Common Equity	709	688	683	466	573	621
Total Common Equity	709	688	683	466	573	621
Common Stock	709	688	683	466	573	621

This table displays calculated financial ratios and metrics derived from TXO Partners' official financial filings.

Metric	2021	2022	2023	2024
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	7.91%	54.51%	-25.72%
EBITDA Growth	0.00%	-57.49%	-233.50%	248.38%
EBIT Growth	0.00%	-99.34%	-25,946.25%	130.28%
NOPAT Growth	0.00%	-140.68%	-382.01%	92.08%
Net Income Growth	0.00%	-114.61%	-1,256.12%	122.60%
EPS Growth	0.00%	-114.76%	-1,009.68%	118.90%
Operating Cash Flow Growth	0.00%	84.98%	-43.43%	41.67%
Free Cash Flow Firm Growth	0.00%	0.00%	107.44%	-655.20%
Invested Capital Growth	0.00%	0.00%	-21.35%	52.64%
Revenue Q/Q Growth	0.00%	0.00%	14.98%	-0.93%
EBITDA Q/Q Growth	0.00%	0.00%	-147.59%	163.20%
EBIT Q/Q Growth	0.00%	0.00%	-237.07%	117.17%
NOPAT Q/Q Growth	0.00%	0.00%	-282.98%	95.35%
Net Income Q/Q Growth	0.00%	0.00%	-254.14%	113.02%
EPS Q/Q Growth	0.00%	0.00%	-260.00%	110.73%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-16.54%	26.78%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-23.17%
Invested Capital Q/Q Growth	0.00%	0.00%	-29.14%	-1.74%
Profitability Metrics	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	43.01%	16.94%	-14.64%	29.24%
Operating Margin	19.35%	-10.42%	-32.51%	-2.43%
EBIT Margin	25.54%	0.16%	-26.27%	10.71%
Profit (Net Income) Margin	22.98%	-3.11%	-27.31%	8.31%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	89.96%	-1,981.40%	103.96%	77.57%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-5.68%	-15.34%	-1.09%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	12.91%	-41.12%	33.92%
Return on Net Nonoperating Assets (RNNOA)	0.00%	2.74%	-5.56%	5.43%
Return on Equity (ROE)	0.00%	-2.94%	-20.89%	4.34%
Cash Return on Invested Capital (CROIC)	0.00%	-205.68%	8.57%	-42.76%
Operating Return on Assets (OROA)	0.00%	0.04%	-12.35%	3.51%
Return on Assets (ROA)	0.00%	-0.83%	-12.84%	2.72%
Return on Common Equity (ROCE)	0.00%	-2.94%	-20.89%	4.34%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-1.47%	-21.95%	3.86%
Net Operating Profit after Tax (NOPAT)	44	-18	-87	-6.86
NOPAT Margin	19.35%	-7.30%	-22.76%	-2.43%
Net Nonoperating Expense Percent (NNEP)	0.00%	-18.59%	25.79%	-35.02%
Return On Investment Capital (ROIC_SIMPLE)	-	-2.80%	-17.26%	-0.90%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	5.33%	0.67%	2.07%	5.14%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	80.65%	110.42%	132.51%	102.43%
Earnings before Interest and Taxes (EBIT)	58	0.39	-100	30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	98	42	-56	83
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.00	0.19	1.03	1.00
Price to Tangible Book Value (P/TBV)	0.00	0.19	1.03	1.00
Price to Revenue (P/Rev)	0.44	0.41	1.28	2.15
Price to Earnings (P/E)	1.91	0.00	0.00	25.90
Dividend Yield	0.00%	0.00%	9.31%	14.13%
Earnings Yield	52.48%	0.00%	0.00%	3.86%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.33	1.03	1.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.86	1.34	2.68
Enterprise Value to EBITDA (EV/EBITDA)	0.00	5.05	0.00	9.17
Enterprise Value to EBIT (EV/EBIT)	0.00	544.95	0.00	25.03
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	1.55	6.63	6.94
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	10.57	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	0.23	0.06	0.26
Long-Term Debt to Equity	0.00	0.23	0.06	0.26
Financial Leverage	0.00	0.21	0.14	0.16
Leverage Ratio	0.00	1.77	1.63	1.59
Compound Leverage Factor	0.00	-35.13	1.69	1.24
Debt to Total Capital	0.00%	18.72%	5.60%	20.50%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	18.72%	5.60%	20.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	81.28%	94.40%	79.50%
Debt to EBITDA	0.00	2.88	-0.50	1.90
Net Debt to EBITDA	0.00	2.66	-0.42	1.81
Long-Term Debt to EBITDA	0.00	2.88	-0.50	1.90
Debt to NOPAT	0.00	-6.68	-0.32	-22.90
Net Debt to NOPAT	0.00	-6.17	-0.27	-21.83
Long-Term Debt to NOPAT	0.00	-6.68	-0.32	-22.90
Altman Z-Score	0.00	0.32	1.42	1.24
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	0.00	0.50	1.41	0.97
Quick Ratio	0.00	0.42	0.94	0.71
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-650	48	-269
Operating Cash Flow to CapEx	32.36%	157.36%	166.92%	37.91%
Free Cash Flow to Firm to Interest Expense	0.00	-79.34	10.94	-34.13
Operating Cash Flow to Interest Expense	12.56	16.64	17.44	13.88
Operating Cash Flow Less CapEx to Interest Expense	-26.25	6.06	6.99	-22.73
Efficiency Ratios	-	-	-	-
Asset Turnover	0.00	0.27	0.47	0.33
Accounts Receivable Turnover	0.00	4.71	9.01	7.87
Inventory Turnover	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.29	0.52	0.36
Accounts Payable Turnover	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	77.48	40.52	46.41
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	77.48	40.52	46.41
Capital & Investment Metrics	-	-	-	-
Invested Capital	0.00	632	497	759
Invested Capital Turnover	0.00	0.78	0.67	0.45
Increase / (Decrease) in Invested Capital	0.00	632	-135	262
Enterprise Value (EV)	0.00	211	511	758
Market Capitalization	100	100	488	608
Book Value per Share	$0.00	$20.86	$15.41	$14.90
Tangible Book Value per Share	$0.00	$20.86	$15.41	$14.90
Total Capital	0.00	642	502	767
Total Debt	0.00	120	28	157
Total Long-Term Debt	0.00	120	28	157
Net Debt	0.00	111	24	150
Capital Expenditures (CapEx)	228	87	46	288
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-83	12	-9.20
Debt-free Net Working Capital (DFNWC)	0.00	-73	16	-1.89
Net Working Capital (NWC)	0.00	-73	16	-1.89
Net Nonoperating Expense (NNE)	-8.29	-10	17	-30
Net Nonoperating Obligations (NNO)	0.00	111	24	150
Total Depreciation and Amortization (D&A)	40	41	44	52
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-33.54%	3.04%	-3.25%
Debt-free Net Working Capital to Revenue	0.00%	-29.80%	4.22%	-0.67%
Net Working Capital to Revenue	0.00%	-29.80%	4.22%	-0.67%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($3.44)	$0.66
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	30.27M	35.56M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($3.44)	$0.65
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	30.27M	36.13M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	30.75M	41.17M
Normalized Net Operating Profit after Tax (NOPAT)	31	-18	70	-4.80
Normalized NOPAT Margin	13.55%	-7.30%	18.31%	-1.70%
Pre Tax Income Margin	22.98%	-3.11%	-27.31%	8.31%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	9.94	0.05	-22.61	3.85
NOPAT to Interest Expense	7.53	-2.19	-19.59	-0.87
EBIT Less CapEx to Interest Expense	-28.87	-10.52	-33.06	-32.77
NOPAT Less CapEx to Interest Expense	-31.28	-12.76	-30.04	-37.49
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.26%	-171.92%	-47.85%	363.27%
Augmented Payout Ratio	0.26%	-220.67%	-47.85%	363.27%

This table displays calculated financial ratios and metrics derived from TXO Partners' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	1,760.72%	-34.89%	-42.11%	117.13%	-57.42%	-5.23%	-1.64%	-2.87%
EBITDA Growth	0.00%	0.00%	277.47%	-73.68%	-70.52%	-1,998.44%	-77.48%	48.26%	-26.02%	117.67%
EBIT Growth	0.00%	0.00%	233.20%	-107.87%	-83.46%	-878.89%	-86.94%	281.75%	-85.76%	107.30%
NOPAT Growth	0.00%	0.00%	261.35%	-129.88%	-91.36%	-632.10%	-96.57%	-64.54%	-213.51%	103.97%
Net Income Growth	0.00%	0.00%	227.79%	-110.40%	-84.78%	-769.48%	-87.75%	210.29%	-97.61%	105.27%
EPS Growth	0.00%	0.00%	209.16%	-108.16%	-87.89%	-621.11%	-88.46%	212.50%	-96.30%	103.39%
Operating Cash Flow Growth	0.00%	0.00%	-40.17%	-53.79%	-31.27%	-46.75%	46.93%	24.35%	-14.35%	132.56%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	135.55%	126.83%	89.15%	-6,816.86%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-21.35%	-31.21%	-28.49%	10.08%	52.64%
Revenue Q/Q Growth	29.96%	-64.91%	273.94%	-61.82%	15.55%	31.63%	-26.68%	-15.02%	19.93%	29.97%
EBITDA Q/Q Growth	90.00%	-112.63%	1,210.87%	-90.12%	112.80%	-998.93%	111.92%	-34.98%	6.18%	114.66%
EBIT Q/Q Growth	121.67%	-134.01%	532.54%	-102.41%	565.89%	-2,112.59%	105.77%	-66.41%	-63.51%	932.65%
NOPAT Q/Q Growth	146.31%	-137.43%	515.93%	-107.79%	171.23%	-3,271.33%	101.95%	-473.64%	50.87%	210.89%
Net Income Q/Q Growth	127.62%	-139.99%	476.15%	-103.04%	433.03%	-2,384.81%	105.30%	-72.65%	-92.77%	4,933.50%
EPS Q/Q Growth	127.55%	-140.36%	417.78%	-102.80%	437.50%	-2,503.70%	105.08%	-72.73%	-88.89%	2,100.00%
Operating Cash Flow Q/Q Growth	-11.66%	-7.02%	-47.58%	7.32%	31.38%	-27.96%	44.66%	-9.18%	-9.50%	95.59%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-12.91%	1.87%	99.47%	6,140.07%	-14.80%	-139.70%	-238.58%
Invested Capital Q/Q Growth	0.00%	0.00%	12.01%	-0.52%	-0.40%	-29.14%	-2.04%	3.41%	53.33%	-1.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	56.75%	-20.42%	60.66%	15.69%	28.89%	-197.33%	32.08%	24.55%	21.73%	35.89%
Operating Margin	41.95%	-63.92%	49.76%	-14.51%	6.26%	-215.51%	4.01%	-17.64%	-7.23%	6.16%
EBIT Margin	47.95%	-46.47%	53.75%	-3.40%	13.70%	-209.50%	16.49%	6.52%	1.98%	15.76%
Profit (Net Income) Margin	46.16%	-52.60%	52.91%	-4.21%	12.13%	-210.64%	15.22%	4.90%	0.30%	11.44%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	96.27%	113.19%	98.44%	123.89%	88.56%	100.54%	92.35%	75.18%	14.89%	72.60%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-17.43%	58.22%	-11.01%	5.91%	-101.67%	1.94%	-8.36%	-2.80%	2.77%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-20.43%	-6,674.22%	32.16%	48.64%	-183.43%	72.68%	-57.81%	3.27%	8.21%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-4.34%	1.39%	0.78%	1.37%	-24.79%	1.32%	2.40%	0.43%	1.31%
Return on Equity (ROE)	0.00%	-21.78%	59.61%	-10.23%	7.28%	-126.45%	3.27%	-5.97%	-2.37%	4.09%
Cash Return on Invested Capital (CROIC)	0.00%	-102.84%	0.00%	0.00%	0.00%	8.57%	13.58%	9.92%	-29.59%	-42.76%
Operating Return on Assets (OROA)	0.00%	-12.38%	24.55%	-1.44%	5.03%	-98.46%	5.99%	2.23%	0.59%	5.16%
Return on Assets (ROA)	0.00%	-14.02%	24.17%	-1.78%	4.46%	-98.99%	5.53%	1.68%	0.09%	3.75%
Return on Common Equity (ROCE)	0.00%	-21.78%	59.61%	-10.23%	7.28%	-126.45%	3.27%	-5.97%	-2.37%	4.09%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	20.00%	16.67%	9.88%	0.00%	-38.12%	-30.06%	-29.04%	0.00%
Net Operating Profit after Tax (NOPAT)	51	-19	79	-6.14	4.38	-139	2.71	-10	-4.97	5.51
NOPAT Margin	41.95%	-44.74%	49.76%	-10.16%	6.26%	-150.85%	4.01%	-17.64%	-7.23%	6.16%
Net Nonoperating Expense Percent (NNEP)	0.00%	3.00%	6,732.43%	-43.18%	-42.73%	81.77%	-70.73%	49.45%	-6.06%	-5.43%
Return On Investment Capital (ROIC_SIMPLE)	-	-2.95%	-	-	-	-27.64%	-	-	-	0.72%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.07%	2.54%	1.40%	1.79%	2.51%	3.07%	3.94%	8.01%	4.77%	4.49%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	58.05%	163.92%	50.24%	114.51%	93.74%	315.51%	95.99%	117.64%	107.23%	93.84%
Earnings before Interest and Taxes (EBIT)	58	-20	85	-2.06	9.57	-193	11	3.74	1.36	14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	68	-8.65	96	9.49	20	-181	22	14	15	32
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.19	0.86	0.86	0.83	1.03	1.21	1.12	1.27	1.00
Price to Tangible Book Value (P/TBV)	0.00	0.19	0.86	0.86	0.83	1.03	1.21	1.12	1.27	1.00
Price to Revenue (P/Rev)	0.00	0.41	1.47	1.56	1.71	1.28	1.95	2.23	2.76	2.15
Price to Earnings (P/E)	0.00	0.00	4.30	5.19	8.38	0.00	0.00	0.00	0.00	25.90
Dividend Yield	0.00%	0.00%	0.00%	2.59%	5.43%	9.31%	11.59%	11.06%	11.73%	14.13%
Earnings Yield	0.00%	0.00%	23.24%	19.28%	11.94%	0.00%	0.00%	0.00%	0.00%	3.86%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.33	0.86	0.87	0.83	1.03	1.20	1.13	1.22	1.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.86	1.47	1.60	1.76	1.34	2.02	1.99	3.29	2.68
Enterprise Value to EBITDA (EV/EBITDA)	0.00	5.05	3.18	3.70	4.99	0.00	0.00	0.00	0.00	9.17
Enterprise Value to EBIT (EV/EBIT)	0.00	544.95	4.08	5.04	8.01	0.00	0.00	0.00	0.00	25.03
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	4.96	6.53	12.34	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	1.55	4.88	5.91	6.32	6.63	6.87	6.36	10.89	6.94
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	10.57	7.21	9.52	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.23	0.01	0.03	0.04	0.06	0.06	0.01	0.25	0.26
Long-Term Debt to Equity	0.00	0.23	0.01	0.03	0.04	0.06	0.06	0.01	0.25	0.26
Financial Leverage	0.00	0.21	0.00	0.02	0.03	0.14	0.02	-0.04	0.13	0.16
Leverage Ratio	0.00	1.77	1.28	1.31	1.32	1.63	1.36	1.33	1.47	1.59
Compound Leverage Factor	0.00	2.01	1.26	1.62	1.17	1.64	1.25	1.00	0.22	1.16
Debt to Total Capital	0.00%	18.72%	0.99%	2.98%	3.55%	5.60%	5.31%	1.22%	19.97%	20.50%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	18.72%	0.99%	2.98%	3.55%	5.60%	5.31%	1.22%	19.97%	20.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	81.28%	99.01%	97.02%	96.45%	94.40%	94.69%	98.78%	80.03%	79.50%
Debt to EBITDA	0.00	2.88	0.04	0.13	0.21	-0.50	-0.20	-0.06	-1.19	1.90
Net Debt to EBITDA	0.00	2.66	0.00	0.10	0.16	-0.42	-0.17	0.55	-1.16	1.81
Long-Term Debt to EBITDA	0.00	2.88	0.04	0.13	0.21	-0.50	-0.20	-0.06	-1.19	1.90
Debt to NOPAT	0.00	-6.68	0.06	0.23	0.53	-0.32	-0.19	-0.05	-1.05	-22.90
Net Debt to NOPAT	0.00	-6.17	0.00	0.18	0.41	-0.27	-0.15	0.49	-1.03	-21.83
Long-Term Debt to NOPAT	0.00	-6.68	0.06	0.23	0.53	-0.32	-0.19	-0.05	-1.05	-22.90
Altman Z-Score	0.00	0.25	2.61	2.09	1.94	0.98	2.02	2.41	1.48	1.18
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.50	0.99	0.94	0.86	1.41	1.36	3.27	1.02	0.97
Quick Ratio	0.00	0.42	0.62	0.66	0.64	0.94	0.89	2.92	0.73	0.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	-630	-711	-698	-3.71	224	191	-76	-256
Operating Cash Flow to CapEx	56.25%	197.69%	138.51%	113.59%	202.30%	306.39%	835.72%	64.52%	8.83%	265.25%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-437.49	-1,150.21	-580.30	-3.18	229.32	181.79	-40.70	-64.27
Operating Cash Flow to Interest Expense	15.95	12.24	11.92	29.78	20.12	14.96	25.82	21.82	11.13	10.16
Operating Cash Flow Less CapEx to Interest Expense	-12.40	6.05	3.31	3.56	10.17	10.08	22.73	-12.00	-114.96	6.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.27	0.46	0.42	0.37	0.47	0.36	0.34	0.30	0.33
Accounts Receivable Turnover	0.00	4.71	13.04	12.56	10.13	9.01	9.27	9.73	8.44	7.87
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.29	0.50	0.45	0.39	0.52	0.40	0.39	0.32	0.36
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	77.48	27.99	29.07	36.02	40.52	39.36	37.52	43.26	46.41
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	77.48	27.99	29.07	36.02	40.52	39.36	37.52	43.26	46.41
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	632	708	705	702	497	487	504	773	759
Invested Capital Turnover	0.00	0.39	1.17	1.08	0.94	0.67	0.48	0.47	0.39	0.45
Increase / (Decrease) in Invested Capital	0.00	0.00	708	705	702	-135	-221	-201	71	262
Enterprise Value (EV)	0.00	211	610	611	584	511	586	570	939	758
Market Capitalization	100	100	610	595	565	488	564	639	788	608
Book Value per Share	$0.00	$20.86	$24.62	$22.38	$22.20	$15.41	$15.15	$18.51	$16.18	$14.90
Tangible Book Value per Share	$0.00	$20.86	$24.62	$22.38	$22.20	$15.41	$15.15	$18.51	$16.18	$14.90
Total Capital	0.00	642	716	709	708	502	492	580	776	767
Total Debt	0.00	120	7.10	21	25	28	26	7.10	155	157
Total Long-Term Debt	0.00	120	7.10	21	25	28	26	7.10	155	157
Net Debt	0.00	111	-0.15	17	19	24	22	-69	151	150
Capital Expenditures (CapEx)	63	17	12	16	12	5.69	3.02	35	235	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-83	-8.16	-7.44	-14	12	9.63	5.18	-2.86	-9.20
Debt-free Net Working Capital (DFNWC)	0.00	-73	-0.91	-3.00	-8.51	16	14	81	0.99	-1.89
Net Working Capital (NWC)	0.00	-73	-0.91	-3.00	-8.51	16	14	81	0.99	-1.89
Net Nonoperating Expense (NNE)	-5.09	3.33	-4.98	-3.60	-4.10	55	-7.56	-13	-5.17	-4.71
Net Nonoperating Obligations (NNO)	0.00	111	-0.15	17	19	24	22	-69	151	150
Total Depreciation and Amortization (D&A)	11	11	11	12	11	11	11	10	14	18
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-33.54%	-1.97%	-1.95%	-4.35%	3.04%	3.32%	1.81%	-1.00%	-3.25%
Debt-free Net Working Capital to Revenue	0.00%	-29.80%	-0.22%	-0.78%	-2.57%	4.22%	4.90%	28.33%	0.35%	-0.67%
Net Working Capital to Revenue	0.00%	-29.80%	-0.22%	-0.78%	-2.57%	4.22%	4.90%	28.33%	0.35%	-0.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.90)	$2.91	($0.08)	$0.28	($6.55)	$0.33	$0.09	$0.01	$0.23
Adjusted Weighted Average Basic Shares Outstanding	0.00	25M	28.78M	30.75M	30.75M	30.27M	30.80M	31.15M	39.27M	35.56M
Adjusted Diluted Earnings per Share	$0.00	($0.90)	$2.86	($0.08)	$0.27	($6.49)	$0.33	$0.09	$0.01	$0.22
Adjusted Weighted Average Diluted Shares Outstanding	0.00	25M	29.33M	30.75M	31.29M	30.27M	31.43M	31.71M	39.83M	36.13M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	30.75M	30.75M	30.75M	30.75M	30.94M	38.41M	40.91M	41.17M
Normalized Net Operating Profit after Tax (NOPAT)	35	-19	55	-6.14	3.06	-139	1.89	-7.07	-3.48	3.85
Normalized NOPAT Margin	29.36%	-44.74%	34.84%	-10.16%	4.38%	-150.85%	2.81%	-12.35%	-5.06%	4.32%
Pre Tax Income Margin	46.16%	-52.60%	52.91%	-4.21%	12.13%	-210.64%	15.22%	4.90%	0.30%	11.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	26.24	-7.37	59.17	-3.33	7.97	-165.54	11.39	3.56	0.73	3.53
NOPAT to Interest Expense	22.95	-7.09	54.78	-9.94	3.64	-119.20	2.77	-9.63	-2.67	1.38
EBIT Less CapEx to Interest Expense	-2.11	-13.56	50.56	-29.54	-1.98	-170.42	8.30	-30.25	-125.36	-0.30
NOPAT Less CapEx to Interest Expense	-5.40	-13.29	46.18	-36.16	-6.30	-124.08	-0.32	-43.45	-128.76	-2.45
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-171.92%	0.00%	22.32%	59.83%	-47.85%	-38.99%	-40.95%	-43.05%	363.27%
Augmented Payout Ratio	0.00%	-220.67%	0.00%	22.32%	59.83%	-47.85%	-38.99%	-40.95%	-43.05%	363.27%

Frequently Asked Questions About TXO Partners' Financials

When does TXO Partners's financial year end?

According to the most recent income statement we have on file, TXO Partners' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has TXO Partners' net income changed over the last 3 years?

TXO Partners' net income appears to be on an upward trend, with a most recent value of $23.50 million in 2024, falling from $52.48 million in 2021. The previous period was -$103.99 million in 2023.

What is TXO Partners's operating income?

TXO Partners's total operating income in 2024 was -$6.86 million, based on the following breakdown:

Total Gross Profit: $282.81 million
Total Operating Expenses: $289.67 million

How has TXO Partners revenue changed over the last 3 years?

Over the last 3 years, TXO Partners' total revenue changed from $228.34 million in 2021 to $282.81 million in 2024, a change of 23.9%.

How much debt does TXO Partners have?

TXO Partners' total liabilities were at $421.43 million at the end of 2024, a 90.0% increase from 2023, and a 4.5% increase since 2022.

How much cash does TXO Partners have?

In the past 2 years, TXO Partners' cash and equivalents has ranged from $4.51 million in 2023 to $9.20 million in 2022, and is currently $7.31 million as of their latest financial filing in 2024.

How has TXO Partners' book value per share changed over the last 3 years?

Over the last 3 years, TXO Partners' book value per share changed from 0.00 in 2021 to 14.90 in 2024, a change of 1,489.5%.

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This page (NYSE:TXO) was last updated on 4/16/2025 by MarketBeat.com Staff

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TXO Partners (TXO) Financials

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TXO Partners (TXO) Financials

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