Filing Flows › TXO Partners, L.P. (TXO) › Q1 2026
TXO Partners, L.P. (TXO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
TXO Partners, L.P. (TXO) reported revenue of $28.3M for the first quarter 2026 (Q1 2026), -66% from a year earlier and -78% from the quarter before. Operating margin was -274.3%, net loss $74.3M (262.9% of revenue).
TXO Partners, L.P., Q1 2026: revenue $28.3M (-66% year over year), operating margin -274.3%, net loss $74.3M, operating cash flow $33.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.3M | -78% | -66% |
| Operating profit | −$77.6M | — | — |
| Net earnings | −$74.3M | — | -3177% |
| Operating cash flow | $33.4M | +3% | +9% |
| Free cash flow | $24.0M | — | +7% |
What changed
Revenue was $28.3M in Q1 2026, down 66% year over year and down 78% from the previous quarter.
Operating costs exceeded revenue by $77.6M, an operating margin of -274.3%. Total costs grew 20% against a revenue fall of 66%. The fastest-growing cost line was General & admin (+97%). The quarter ended with a net loss of $74.3M, wider than the previous quarter's $28.3M loss.
Operating cash flow was $33.4M (up 9% year over year). Non-cash charges added back $28.8M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items added $75.3M. Capital expenditures of $9.4M left free cash flow of $24.0M.
Questions
What was TXO Partners, L.P.'s revenue in the first quarter 2026?
TXO Partners, L.P.
Was TXO Partners, L.P. profitable in the first quarter 2026?
Operating loss was $77.6M (-274.3% of revenue) and net loss $74.3M.
Source: TXO Partners, L.P. 10-Q on SEC EDGAR.