YOLFTbeta
MorningStar Partners, L.P.

MorningStar Partners, L.P.

TXO · NYSE · Energy / Oil & Gas E&P

13.36USD-0.65 (-4.64%)

Price History

Full chart

Market Stats

Previous Close14.01
Open13.60
Day Range12.91 – 13.70
52-Week Range9.33 – 15.58
Volume360.00K
Market Cap791.22M
P/E (TTM)0.00
Forward P/E12.56
EPS-0.73
Dividend Yield9.84%
Beta0.01
50-Day Avg14.11
200-Day Avg12.73

About

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.

Company Details

  • SectorEnergy
  • IndustryOil & Gas E&P
  • CEOMr. Brent W. Clum
  • Employees224
  • Headquarters400 West 7th Street, Fort Worth, TX, United States, 76102, USA
  • Websitehttps://www.txopartners.com

Leadership

  • Mr. Brent W. ClumCo-CEO, CFO & Director of TXO Partners GP, LLC
  • Mr. Gary D. SimpsonCo-CEO & Director of TXO Partners GP, LLC · b. 1964
  • Mr. Scott T. AgostaChief Accounting Officer of TXO Partners GP, LLC · b. 1965

Financials

Income Statement

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue108.76M228.34M246.40M380.72M282.81M411.45M
Growth (%)-+109.94%+7.91%+54.51%-25.72%+45.49%
Cost of Revenue91.47M109.14M169.03M189.02M202.70M367.70M
Gross Profit17.30M119.20M77.37M191.70M80.11M43.75M
Gross Margin15.90%52.20%31.40%50.35%28.33%10.63%
Operating Expense172.60M75.01M103.05M315.48M86.97M21.46M
Operating Income-155.30M44.19M-25.68M-123.78M-6.86M22.28M
Operating Margin-142.79%19.35%-10.42%-32.51%-2.43%5.42%
EBITDA-112.71M98.23M41.89M-46.63M95.40M91.92M
EBITDA Margin-103.63%43.02%17.00%-12.25%33.73%22.34%
Net Income-163.24M52.48M-7.67M-103.99M23.50M-21.62M
Net Income Margin-150.08%22.98%-3.11%-27.31%8.31%-5.25%
Interest Expense8.20M5.87M8.20M4.42M7.87M16.96M
Interest Expense % of Total Revenue7.54%2.57%3.33%1.16%2.78%4.12%

Balance Sheet

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets623.94M832.82M924.63M695.61M1.03B1.35B
Total Liabilities320.67M291.46M403.10M221.81M421.43M663.17M
Total Equity303.27M541.36M521.54M473.80M609.42M691.73M
Cash21.93M7.55M9.20M4.50M7.30M9.37M
Total Debt151.25M152.10M120.10M28.10M157.10M291.10M
Net Debt129.32M144.55M110.90M23.59M149.79M281.73M

Cash Flow

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow18.96M73.73M136.38M77.15M109.30M118.19M
Investing Cash Flow-16.72M-227.80M-86.67M-46.22M-288.28M-335.32M
Financing Cash Flow14.07M139.69M-48.05M-35.63M181.78M219.20M
Capital Expenditure11.73M219.43M63.27M10.42M265.16M263.62M
Free Cash Flow7.24M-145.70M73.11M66.73M-155.86M-145.44M
Dividends Paid31.00K139.00K13.18M49.76M85.36M101.42M
FCF to OCF38.15%-197.63%53.61%86.49%-142.60%-123.05%
Dividend Paid to FCF0.43%-0.10%18.03%74.57%-54.76%-69.73%

Earnings

Report DateJul 14, 2022Jan 26, 2023May 9, 2023Aug 8, 2023Nov 7, 2023Mar 5, 2024May 7, 2024Aug 6, 2024Nov 5, 2024Feb 26, 2025May 1, 2025Aug 5, 2025Nov 4, 2025Feb 26, 2026May 4, 2026Aug 4, 2026Nov 3, 2026
EPS Estimate0.000.690.220.100.330.250.240.190.070.390.36-0.010.010.10-0.050.110.15
EPS Actual-2.190.332.86-0.080.320.970.350.160.020.340.24-0.16-0.05-0.570.021.07-
Surprise--52.17%1200.00%-180.00%-3.03%288.00%45.83%-15.79%-71.43%-12.82%-33.33%-1500.00%-600.00%-670.00%140.00%872.73%-
Timing-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap791.22M
Enterprise Value949.96M
Trailing P/E0.00
Forward P/E12.56
Price / Sales1.95
Price / Book1.21
EPS-0.73
Book Value12.63
Revenue (TTM)405.96M
Gross Profit (TTM)216.14M
EBITDA121.30M
Profit Margin-9.23%
Operating Margin38.22%
Return on Equity-5.35%
Return on Assets-2.35%
Shares Outstanding55.45M
Shares Float39.69M
Beta0.01
Dividend Yield9.84%
Dividend Rate1.41
Payout Ratio3.00%

Analyst Ratings

Strong Buy
Based on 3 analystsTarget 19.00
  • Strong Buy
    3

Ownership Breakdown

Institutions
25.00%
Insiders
30.06%
Retail / Other
44.94%

Top Institutional Holders

  • King Luther Capital Management Corp
    3.07M5.54%
  • CIBC Bancorp USA Inc.
    2.05M3.70%
  • Energy Income Partners, LLC
    1.64M2.95%
  • American Century Companies Inc
    1.44M2.60%
  • Morgan Stanley - Brokerage Accounts
    1.04M1.88%
  • The Goldman Sachs Group Inc
    744.06K1.34%
  • Swank Energy Income Advisors, LP
    531.00K0.96%
  • ING Groep NV
    504.00K0.91%
  • First Trust Advisors L.P.
    497.27K0.90%
  • JPMorgan Chase & Co
    481.66K0.87%
  • Bank of America Corp
    374.78K0.68%
  • Pin Oak Investment Advisors Inc
    360.53K0.65%
  • Citadel Advisors Llc
    342.13K0.62%
  • Stifel Financial Corp
    335.31K0.60%
  • Global Endowment Management, LP
    333.82K0.60%

Top Fund Holders

  • American Century Small Cap Value Inv
    835.00K1.51%
  • FT Energy Income Partners Strategy ETF
    560.04K1.01%
  • Multi-Asset Diversified Income ETF
    514.85K0.93%
  • FT Energy Income Ptnrs Enh Inc ETF
    420.26K0.76%
  • NXG Cushing Midstream Energy ord
    330.00K0.60%

Dividends

20264×
0.44Nov 13, 20260.40Aug 14, 20260.36May 15, 20260.30Mar 10, 2026
20254×
0.35Nov 14, 20250.45Aug 15, 20250.61May 16, 20250.61Mar 14, 2025
20244×
0.58Nov 15, 20240.57Aug 20, 20240.65May 17, 20240.58Mar 14, 2024
20233×
0.52Nov 16, 20230.48Aug 17, 20230.50May 19, 2023