Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data TXO Partners, L.P. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2023
FY2023
FY2024
FY2025
Revenue
228
450
381
285
401
General and administrative
12.2
1.65
7.89
14.5
21.5
Operating expenses
184
272
504
290
432
Operating income
44.2
-25.7
-124
-6.86
-30.6
Interest expense
5.87
8.2
4.42
7.87
17
Interest income
0.02
0.14
0.46
1.08
0.62
Other non-operating income
8.29
18
19.8
30.4
8.96
Net income
52.5
-7.67
-104
23.5
-21.6
EBITDA
84.1
15.7
-79.5
45.5
66
EPS, basic
2.10
-0.31
-3.44
0.66
-0.43
EPS, diluted
2.10
-0.31
-3.44
0.65
-0.43
Shares, basic (weighted)
25
25
30.3
35.6
49.8
Shares, diluted (weighted)
25
25
30.3
36.1
49.8
Balance sheet
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
7.55
9.2
4.51
7.31
9.37
Receivables
52.3
32.2
39.7
52.4
Other current assets
11.3
12.4
11
15.3
Total current assets
74
55.2
64.4
95.3
Property, plant and equipment
836
629
951
1,241
Other non-current assets
14.2
11.1
15
18.9
Total assets
925
696
1,031
1,355
Accounts payable
14.7
8.6
18.2
28
Accrued liabilities
34.1
23.4
38.9
45.8
Total current liabilities
147
39.1
66.3
154
Other non-current liabilities
136
155
198
218
Total debt
120
28.1
157
291
Total liabilities and equity
925
696
1,031
1,355
Cash flow statement
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
52.5
-7.67
-104
23.5
-21.6
Depreciation and amortization
39.9
41.4
44.3
52.4
96.6
Stock-based compensation
2.4
0
3.47
6.17
16.3
Change in receivables
-14.8
-22.8
19.7
-7.99
-12.8
Cash from operations
73.7
136
77.2
109
118
Cash from investing
-228
-86.7
-46.2
-288
-335
Debt issued
1,437
1,461
86
251
406
Debt repaid
-1,427
-1,493
-178
-122
-272
Cash from financing
140
-48.1
-35.6
182
219
Net change in cash
-14.4
1.66
-4.7
2.8
2.07
Interest paid
4.1
7.9
3.5
7
15.4
Income taxes paid
0.1
0.5
3.6
1.9
0.3
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $14.33 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-8.9%
Operating income / revenue.
EBITDA margin
12.9%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-7.7%
Net income / revenue.
Operating cash flow margin
29.4%
Cash from operations / revenue.
Return on assets (ROA)
-3.0%
Net income / average total assets.
Stock-based pay / revenue
2.7%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
21.8%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
40.5%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-3.7%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y
44.9%
EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y
61.4%
Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y
-192.0%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-166.2%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
8.1%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y
-4.7%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
31.4%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
13.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
37.7%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
25.8%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.05x
Current assets / current liabilities.
Quick ratio
0.93x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.63x
(Cash + short-term investments) / current liabilities.
Debt / assets
21.6%
Total debt / total assets.
Net debt
$162.6M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
2.58x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage
-1.95x
Operating income / interest expense.
Working capital
$8.9M
Current assets - current liabilities.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.39x
Revenue / average total assets.
Fixed asset turnover
0.46x
Revenue / average property, plant and equipment.
Receivables turnover
9.53x
Revenue / average receivables.
Days sales outstanding
38 days
365 x average receivables / revenue.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.66
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Market cap + total debt - cash - short-term investments.
P/S
1.63x
Market cap / revenue.
P/OCF
5.55x
Market cap / cash from operations, when positive.
EV/Sales
1.96x
Enterprise value / revenue.
EV/EBITDA
15.2x
Enterprise value / EBITDA, when both are positive.
Earnings yield
-4.7%
Net income / market cap (the inverse of P/E).
What was TXO Partners, L.P.'s revenue in fiscal 2025?
TXO Partners, L.P. reported revenue of $401.0M for fiscal 2025, 40.5% higher than the year before.
Was TXO Partners, L.P. profitable in fiscal 2025?
No. It reported a net loss of $21.6M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.