TXO Partners, L.P.

TXO

$14.99

+1.01%

2026-09-03 16:00:02 EDT+$0.15

Energy

Oil & Gas Exploration & Production

NYSE

Active Trading

TXO Partners, L.P. is an energy company specializing in the discovery, enhancement, and extraction of traditional oil, natural gas, and natural gas ...

Price Action of TXO

$14.99

+1.01%+$0.15

High—

Low—

52W High-1.3%

Rel. vol—

Interval

Range2.2h

Volume—SMA5SMA10

—

TXO Partners, L.P. is a master limited partnership focused on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. The company was founded in June 2012 by Bob R. Simpson, who also serves as Director and Chairman of the Board. ...TXO Partners, L.P. is a master limited partnership focused on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. The company was founded in June 2012 by Bob R. Simpson, who also serves as Director and Chairman of the Board. Originally launched as MorningStar Partners, it was later renamed TXO Energy Partners and then became TXO Partners in May 2023. The company is headquartered in Fort Worth, Texas, and operates primarily in the San Juan Basin (New Mexico and Colorado) and the Permian Basin (West Texas and New Mexico). As of July 31, 2022, it held interests in over 850,000 gross acres. In terms of financials, TXO Partners trades on the New York Stock Exchange under the symbol TXO with a market capitalization of approximately $759 million (as of recent data). The company generates revenue from the sale of oil, natural gas, and NGLs, and its operations include drilling, well completion, and production. Key executives include Co-CEOs Gary D. Simpson and Brent W. Clum, with Bob R. Simpson as Chairman and founder. The company employs around 224 full-time staff. TXO Partners emphasizes operational efficiency and technological innovation to maximize recovery from its assets. It has a dividend yield of 10.6%, reflecting a commitment to returning value to unitholders. However, the company has reported negative net income and free cash flow in the trailing twelve months, partly due to significant capital expenditures. The enterprise value stands at about $992 million, with a debt-to-equity ratio of 0.525, indicating moderate leverage. TXO Partners' focus on legacy assets and stable production provides a foundation for future growth, with ongoing efforts to optimize well performance and reduce operating costs. The company also aims to maintain a strong balance sheet and pursue strategic acquisitions to expand its footprint in core areas.ExpandCollapse

Founded

2012

Employees

228

CEO

Brent W. Clum

Full Name

TXO Partners, L.P.

Sector

Energy

Industry

Oil & Gas Exploration & Production

ROE

-5.59%

Market Cap

$0.83B

Current Ratio

1.05

WACC

5.57%

ROIC

-1.07%

Contact Information

https://www.txopartners.com

817 334 7800

400 West 7th Street, Fort Worth, TX 76102

Key Metrics of TXO

Snapshot

Latest / TTM · 6 periods

Market Cap

$828.09M

ROCE

0.9%

EV / EBITDA

11.65x

-1.0% YoY

FCF Yield

-13.6%

+13.7% YoY

Cash Conversion Cycle

7.9d

Current Ratio

1.05

Quick take

TTM —

Positive CCC

Financial Highlights of TXO

Profitability trend

Latest / TTM · 6 periods

Gross Margin

21.7%

Net Margin

-9.0%

P/E Ratio

-20.24x

n/a

Debt / Equity

0.52

n/a

Current Ratio

1.05

Dividend Yield

9.4%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of TXO

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $0.05 · Revenue $98.07M · 2 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $0.16 · Revenue $111.94M · 2 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $-0.16 · Revenue $368.39M · 1 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $0.30 · Revenue $112.56M · 1 analysts

Recent history

Aug 21, 2026
Dividend payment
$1.41 per share
Aug 14, 2026
Ex-dividend date
$1.41 per share
Aug 4, 2026
Q2 FY2026 · Results reported
EPS $1.07 · Revenue $150.87M
View filing
May 4, 2026
Q1 FY2026 · Results reported
EPS $-1.35 · Revenue $28.28M
View filing
Feb 26, 2026
FY2025 · Annual results
EPS $-0.43 · Revenue $411.45M
View filing
Nov 4, 2025
Q3 FY2025 · Results reported
EPS $0.08 · Revenue $100.88M
View filing

Financial Statements of TXO

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$411.5M	+45.5%	+433.6%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-21.6M	-192.0%	+181.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+10.6%	-62.5%	+162.7%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+5.4%	+323.2%	+113.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	-5.3%	-163.2%	+115.3%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-145.4M	+6.7%	-28.2%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	-35.3%	+35.9%	-86.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	42.1%	+63.2%	+14.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.62x	-36.2%	+144.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$1.4B	+31.4%	-5.3%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	-0.43 vs 0.18	-332.4%	1.07 vs 0.05	+2040.0%
Revenue Surprise	$411.5M vs $385.1M	+6.8%	$150.9M vs $98.1M	+53.8%

Insider Transactions of TXO

Acquisitions (A)

Since May 27, 2026

Disposals (D)

Since May 27, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 13, 2026	SIMPSON BOB R	director, 10 percent owner:	Common Units	A	125,000	$14.32
Aug 12, 2026	SIMPSON BOB R	director, 10 percent owner:	Common Units	A	25,000	$14.43
Aug 11, 2026	SIMPSON BOB R	director, 10 percent owner:	Common Units	A	100,000	$14.27
Aug 10, 2026	SIMPSON BOB R	director, 10 percent owner:	Common Units	A	50,000	$14.17
Aug 7, 2026	SIMPSON BOB R	director, 10 percent owner:	Common Units	A	100,000	$13.52

Leadership Team of TXO

3 executives

Name	Title	Compensation	Gender	Year Born	Status
Brent W. Clum	Co-CEO, CFO & Director of TXO Partners GP, LLC	USD 1,582,702	Male	—	Active
Gary D. Simpson	Co-CEO & Director of TXO Partners GP, LLC	USD 989,268	Male	1964	Active
Scott T. Agosta	Chief Accounting Officer of TXO Partners GP, LLC	USD 729,764	Male	1965	Active

Recent News of TXO

Zacks Investment Research8/28/2026Neutral

Best Income Stocks to Buy for August 28th

TXO, CRD.B and CCS made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 28th, 2026.

Zacks Investment Research8/25/2026Neutral

Can TXO Partners LP (TXO) Run Higher on Rising Earnings Estimates?

TXO Partners LP (TXO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Zacks Investment Research8/25/2026Neutral

Wall Street Analysts Believe TXO Partners LP (TXO) Could Rally 41.94%: Here's is How to Trade

The average of price targets set by Wall Street analysts indicates a potential upside of 41.9% in TXO Partners LP (TXO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Zacks Investment Research8/25/2026Neutral

Is TXO Partners LP (TXO) a Buy as Wall Street Analysts Look Optimistic?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Zacks Investment Research8/25/2026Neutral

Best Income Stocks to Buy for August 25th

TXO, TGT and OFG made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 25th, 2026.

Historical Employee Count of TXO

Current

224

Change

+11.44%

Minimum

180

Maximum

224

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	224	10-K	Feb 26, 2026	View
Dec 31, 2024	201	10-K	Mar 4, 2025	View
Dec 31, 2023	184	10-K	Mar 5, 2024	View
Dec 31, 2022	180	10-K	Mar 31, 2023	View

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TXO Partners, L.P.