TXO Partners, L.P. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 3, 2026, reporting a net loss for both the three- and nine-month periods.

Key Highlights

  • Quarterly net loss: TXO Partners reported a net loss of $32,088 thousand for the three months ended September 30, 2026, compared to net income of $4,352 thousand in the same period of 2025.
  • Nine-month net loss: For the nine months ended September 30, 2026, the partnership reported a net loss of $45,653 thousand, versus net income of $6,633 thousand for the same period of 2025.
  • Total revenues declined: Total revenues for the three months ended September 30, 2026 were $55,093 thousand, down from $100,876 thousand in the third quarter of 2025.
  • Operating cash flow: Cash provided by operating activities for the nine months ended September 30, 2026 was $116,173 thousand, compared to $85,735 thousand in the prior-year period.
  • Investing activities generated cash: Cash provided by investing activities was $33,999 thousand for the nine months ended September 30, 2026, driven in part by proceeds from the sale of property and equipment of $101,256 thousand.
  • Distributions paid: The partnership paid $58,755 thousand in distributions to unitholders during the nine months ended September 30, 2026, according to the statements of cash flows and partners' capital.
  • Units outstanding: The registrant had 55,446,407 common units outstanding as of November 3, 2026.

TXO Partners' Third-Quarter 2026 Financial Position and Operating Results

According to the filing, TXO Partners, L.P. (NYSE:TXO), a Delaware limited partnership headquartered in Fort Worth, Texas, reported a sharp decline in total revenues for the three months ended September 30, 2026. Oil and condensate revenues fell to $29,845 thousand from $66,330 thousand in the year-ago quarter, while natural gas revenues declined to $15,036 thousand from $27,042 thousand. Natural gas liquids revenues increased to $10,212 thousand from $7,504 thousand over the same comparison period.

Total expenses for the third quarter of 2026 were $93,686 thousand, compared to $97,116 thousand in the third quarter of 2025, the filing disclosed. Production costs were $43,698 thousand, and depreciation, depletion and amortization was $24,226 thousand. The partnership reported an operating loss of $38,593 thousand for the quarter, compared to operating income of $3,760 thousand in the third quarter of 2025. Net loss per common unit was $(0.58) on both a basic and diluted basis for the three months ended September 30, 2026.

The consolidated balance sheet as of September 30, 2026 showed total assets of $1,190,387 thousand and long-term debt of $271,100 thousand, the filing reported. Partners' capital stood at $596,772 thousand at September 30, 2026, down from $691,732 thousand at December 31, 2025. The partnership noted a derivative fair value loss of $132,771 thousand as an adjustment in operating cash flows for the nine-month period, partially offset by net cash received from derivative counterparties of $(59,435) thousand.

What Was Disclosed

TXO Partners, L.P. disclosed its unaudited consolidated financial statements for the quarter and nine months ended September 30, 2026, covering revenues, expenses, net loss, cash flows, and partners' capital, with 55,446,407 common units outstanding as of November 3, 2026.