Key Highlights

  • The forward Dividend Yield is 13.45%, with a USD 0.44 per common unit distribution declared on November 3.
  • Cash available for distribution (non-GAAP) was negative USD 2.7 million in the third quarter, compared with USD 7.5 million.
  • Adjusted EBITDAX (non-GAAP) was USD 41.3 million for the third quarter, compared with USD 32.8 million a year earlier.
  • Net loss was USD 32.1 million in the third quarter, against Net Income of USD 4.4 million a year earlier.

TXO Partners, L.P. (NYSE:TXO) carries a forward dividend yield of 13.45%. On November 3, 2026, the Board of Directors of its general partner declared a cash distribution of USD 0.44 per common unit for the quarter ended September 30, 2026. Cash available for distribution was USD 61.1 million for the nine months, compared with USD 55.7 million.

Dividend Program and Shareholder Returns

On November 3, 2026, the board of directors of the general partner declared a cash distribution of USD 0.44 per common unit for the quarter ended September 30, 2026. The distribution is payable on November 20, 2026 to unitholders of record on November 13, 2026.

Cash available for distribution, a non-GAAP measure, was negative USD 2.7 million for the third quarter, compared with USD 7.5 million a year earlier. For the nine months it was USD 61.1 million, compared with USD 55.7 million. The trailing twelve month dividend yield is 10.77%, shown for information.

The filing states that distributions paid to unitholders depend on cash available for distribution and that the amount may be zero.

About the Company

TXO Partners, L.P. is a Master Limited Partnership whose common units trade on the New York Stock Exchange under the symbol TXO. Total Assets were USD 1,190.4 million at September 30, 2026, compared with USD 1,354.9 million at December 31, 2025. Weighted average basic common units outstanding were 55.4 million for the third quarter.

Revenues, Net Loss and Per-Unit Results

Total revenues were USD 55.1 million for the third quarter, compared with USD 100.9 million a year earlier, and USD 234.2 million for the nine months, compared with USD 275.1 million. Production expense was USD 43.7 million, compared with USD 47.9 million.

The partnership reported a net loss of USD 32.1 million, compared with net income of USD 4.4 million. Basic and diluted net loss per common unit was USD 0.58, compared with net income of USD 0.08. For the nine months, the net loss was USD 45.7 million, compared with net income of USD 6.6 million, or a loss of USD 0.83 per unit compared with Earnings of USD 0.14.

Adjusted EBITDAX and Operating Cash Flow Lines

Adjusted EBITDAX, a non-GAAP measure, was USD 41.3 million for the third quarter, compared with USD 32.8 million, and USD 140.4 million for the nine months, compared with USD 101.2 million.

Net cash provided by Operating Activities was USD 33.7 million, compared with USD 28.3 million, and USD 116.2 million for the nine months, compared with USD 85.7 million. Other income was USD 11.7 million, compared with USD 5.0 million.

Interest Expense and Balance Sheet Lines

Interest expense was USD 5.5 million for the third quarter, compared with USD 4.5 million, and USD 16.8 million for the nine months, compared with USD 10.7 million.

The filing reconciles net cash provided by operating activities to cash available for distribution, a measure the partnership uses alongside Adjusted EBITDAX.

Outlook

TXO Partners' 13.45% forward dividend yield and the USD 0.44 per common unit distribution are the dividend facts on record. Cash available for distribution, Adjusted EBITDAX, net income or loss per unit, and interest expense are the relevant considerations.