TXO Partners (TXO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

TXO Partners

NYSE•Energy•Oil & Gas E&P

$15.06+0.07(<0.01%)Market closed

Market Cap

$808.40M

P/S

2.0x

P/B

1.2x

TXO Partners, L.P., an oil and natural gas company, focuses on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. Its acreage positions are concentrated in the Permian Basin of West Texas and New Mexico; the San Juan Basin of New Mexico and Colorado; and the Williston Basin of Montana and North Dakota. TXO Partners, L.P. was formerly known as TXO Energy Partners, L.P. and changed its name to TXO Partners, L.P. in May 2023. The company was incorporated in 2012 and is based in Fort Worth, Texas.

How this company scores

AverageMetricSide Score: 57/100

Strongest: Balance Sheet & Red Flags (17/25); weakest: Profitability (11/25).

Profitability11/25

Growth14/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality15/25

Strengths

Growing revenueLong cash runwayLow leverageInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 46.5x5y range 25.6x – 57.1x

Currently near its 4-quarter median.

P/S · 2.0x5y range 1.3x – 2.7x

Currently near its 11-quarter median.

P/B · 1.2x5y range 0.8x – 1.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $808.40M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $405.96M
Q. Revenue: $150.87M
TTM EBITDA: $63.10M
TTM Op. Income: $-43.17M
Q. Op. Income: $57.66M
TTM Net Income: $-37.47M
Q. Net Income: $60.77M
EPS: $1.1
Shares Out.: $55.45M

$405.96M in TTM revenue grew 22.2% YoY, reaching $150.87M last quarter. TTM EBITDA of $63.10M and TTM operating income of $-43.17M show growth is flowing through to the bottom line. However, net income is negative at $37.47M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is up 22% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 54.1%
Op. Margin: 38.2%
Net Margin: 40.3%

Op. margin of 38.2% is up 42.4% YoY — cost efficiency is improving. Net margin at 40.3% Over the past year, operating margin is up 1025% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 2.0x
P/B Ratio: 1.2x

P/S of 2.0x and P/B of 1.2x. P/S is low relative to typical market levels. Over the past year, P/E is up 0% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.25B
Cash: $107.48M
Long-Term Debt: $270.10M
Book Value: $648.05M
D/E Ratio: 0.4
Debt/EBITDA: 3.3

With $1.25B in assets and $270.10M in long-term debt, D/E is 0.4and book value is $648.05M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 1543% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $49.10M
TTM Free Cash Flow: $61.80M
FCF Margin: 15.2%
FCF / Net Income: -1.6

TTM FCF of $61.80M on $49.10M in operating cash flow. The FCF / Net Income ratio of -1.6x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.