TXO Partners, L.P. (TXO)

From the record

TXO Partners, L.P.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

TXO Partners, L.P.'s 5 filed years say what it did: revenue went from $228 million in fiscal 2021 to $401 million in fiscal 2025, up 15.1% a year; it rose in 3 of 4 years; the deepest fall was 26% from fiscal 2023 to fiscal 2024; net income was positive in 2 of 5 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, TXO Partners, L.P.'s diluted share count grew about 25.8% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 5 sales (5 under scheduled 10b5-1 plans) and 26 purchases of their own stock on the open market in the year to 2026-11-10, buying about $40 million (their Form 4 filings).

From the record

TXO Partners, L.P.'s standing among 76 graded names in its industry family: revenue of $401 million in fiscal 2025 ranks in the bottom 39% by size; a net margin of -5.4% ranks in the bottom 26%; revenue growth of 17.6% a year over the last 3 filed years ranks in the top 14% (its annual reports).

From the record

TXO Partners, L.P.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Clum, Brent W. (Co-CEO and CFO, as filed), filing under that title since 2025-04-01, 1.6 years (bottom 39% of its family); most of the 10 officers and directors filing now have filed since the record of its people begins (2023-01-26), a floor of 3.8 years the record cannot see past, so that part is not read; 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 10 people in charge now (top 29%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

TXO Partners, L.P.'s room to grow, from the newest filed statements (fiscal 2025): cash of $9 million against debt of $291 million leaves -20.8% of its assets as net cash, bottom 26% of its family; cash from operations less capital spending is 29.5% of revenue (top 43%) (its annual report).

From the record

TXO Partners, L.P.'s growth drivers, from the filed years to fiscal 2025: revenue grew 17.6% a year over the last three filed years against 15.1% over all 5, speeding up (top 10% of its family); the newest year grew 41.8% (top 13%) (its annual reports). TXO Partners, L.P. reported 3 product lines in fiscal 2025: Oil and Condensate at $283 million (71%), Natural Gas Reserves at $86 million (21%), Natural Gas Liquids Reserves at $32 million (8%); 3 of 3 grew against the year before (its annual report).

From the record

TXO Partners, L.P.'s newest year against its own record: revenue of $401 million in fiscal 2025 came in 32.4% above the $303 million its prior three years' pace pointed to (top 21% of its family); net income of $22 million against a prior three-year average of $29 million (top 21%); a net margin of -5.4% against -7.4% before (top 21%) (its annual reports).