Filing Flows › TXO Partners, L.P. (TXO) › Q2 2026
TXO Partners, L.P. (TXO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
TXO Partners, L.P. (TXO) reported revenue of $151M for the second quarter 2026 (Q2 2026), +68% from a year earlier and +434% from the quarter before. Operating margin was 38.2%, net earnings $60.8M (40.3% of revenue).
TXO Partners, L.P., Q2 2026: revenue $151M (+68% year over year), operating margin 38.2%, net earnings $60.8M, operating cash flow $49.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $151M | +434% | +68% |
| Operating profit | $57.7M | — | — |
| Net earnings | $60.8M | — | — |
| Operating cash flow | $49.1M | +47% | +83% |
| Free cash flow | $33.9M | +41% | +68% |
What changed
Revenue was $150.9M in Q2 2026, up 68% year over year and up 434% from the previous quarter. Oil and Condensate was the largest line at 87% of revenue. Oil and Condensate added $71.7M year over year (up 121%), 118% of the total change. Natural Gas Reserves declined 59%.
Operating profit was $57.7M, a 38.2% margin (up 42.4 points year over year). Total costs fell 0% while revenue rose 68%. Net earnings were $60.8M. The effective tax rate was 0.0%.
Operating cash flow was $49.1M (up 83% year over year), 81% of net earnings. Non-cash charges added back $24.0M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $38.4M. Capital expenditures of $15.2M left free cash flow of $33.9M.
Questions
What was TXO Partners, L.P.'s revenue in the second quarter 2026?
TXO Partners, L.P.
Was TXO Partners, L.P. profitable in the second quarter 2026?
Operating profit was $57.7M (38.2% of revenue) and net earnings $60.8M.
Source: TXO Partners, L.P. 10-Q on SEC EDGAR.