TXO Partners, L.p. vs W&T Offshore
W&T Offshore is the larger business, with $501m of revenue in fiscal 2025 against $401m for TXO Partners, L.p. (1.3 times as much). TXO Partners, L.p. grew faster (41.8% against -4.5%). TXO Partners, L.p. kept more of each dollar of sales as profit: a net margin of -5.4% against -29.9%.
| Latest fiscal year | TXO Partners, L.p.TXO, 2025 | W&T OffshoreWTI, 2025 |
|---|---|---|
| Revenue | $401m | $501m |
| Revenue growth | 41.8% | -4.5% |
| Net income | −$21.6m | −$150m |
| Operating margin | -7.6% | -10.5% |
| Net margin | -5.4% | -29.9% |
| Return on equity | — | — |
| Free cash flow | — | $76.5m |
| Cash | $9.4m | $141m |
| Total debt | $291m | $359m |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | 1.1% |
| Share buybacks | — | — |
| Employees | 231 | 370 |
| Market value | $771m | $539m |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | — | 51 (Moderate) |
| Insider trades, 12 months | 23 buys, 5 sales | 0 buys, 8 sales |