TXO Partners, L.p. income statement
In fiscal 2025, TXO Partners, L.p. reported revenue of $401m, up 41.8% on the year before, operating income of −$30.6m (a -7.6% margin) and net income of −$21.6m, or −$0.43 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 228 | 246 | 381 | 283 | 401 | 497 |
| General and administrative | 12 | 2 | 8 | 15 | 21 | 19 |
| Operating income | 44 | −26 | −124 | −7 | −31 | −43 |
| Interest expense | 6 | 8 | 4 | 8 | 17 | 22 |
| Net income | 52 | −8 | −104 | 23 | −22 | −37 |
| Diluted EPS | $2.10 | −$0.31 | −$3.44 | $0.65 | −$0.43 | −$0.68 |
| Diluted shares (average) | 25m | 25m | 30m | 36m | 50m | 55m |
| EBITDA | 84 | 16 | −79 | 46 | 66 | 63 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 69 | 89 | 84 | 90 | 101 | 126 | 120 | 151 |
| General and administrative | 3 | 4 | 2 | 9 | 5 | 5 | 5 | 5 |
| Operating income | −5 | 6 | −4 | −4 | 4 | −27 | −78 | 58 |
| Interest expense | 2 | 4 | 4 | 3 | 5 | 6 | 6 | 6 |
| Net income | 0 | 10 | 2 | −0 | 4 | −28 | −74 | 61 |
| Diluted EPS | $0.01 | $0.26 | $0.06 | $0.00 | $0.08 | −$0.57 | −$1.35 | $1.07 |
| EBITDA | 9 | 23 | 18 | 18 | 27 | 3 | −49 | 82 |
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