Filing Flows › TXO Partners, L.P. (TXO) › Q3 2026
TXO Partners, L.P. (TXO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
TXO Partners, L.P. (TXO) reported revenue of $55.1M for the third quarter 2026 (Q3 2026), -45% from a year earlier and -63% from the quarter before. Operating margin was -70.1%, net loss $32.1M (58.2% of revenue).
TXO Partners, L.P., Q3 2026: revenue $55.1M (-45% year over year), operating margin -70.1%, net loss $32.1M, operating cash flow $33.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $55.1M | -63% | -45% |
| Operating profit | −$38.6M | -167% | -1126% |
| Net earnings | −$32.1M | -153% | -837% |
| Operating cash flow | $33.7M | -31% | +19% |
What changed
Revenue was $55.1M in Q3 2026, down 45% year over year and down 63% from the previous quarter. Oil and Condensate was the largest line at 54% of revenue. Oil and Condensate lost $36.5M year over year (down 55%), 80% of the total change.
Operating costs exceeded revenue by $38.6M, an operating margin of -70.1%. Total costs fell 4% while revenue fell 45%. The quarter ended with a net loss of $32.1M, after a profit of $60.8M the previous quarter. Non-operating items added $6.5M, -20% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $33.7M (up 19% year over year). Non-cash charges added back $24.2M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $38.5M. Capital expenditures of $39.0M exceeded it, leaving free cash flow of −$5.3M.
Questions
What was TXO Partners, L.P.'s revenue in the third quarter 2026?
TXO Partners, L.P.
Was TXO Partners, L.P. profitable in the third quarter 2026?
Operating loss was $38.6M (-70.1% of revenue) and net loss $32.1M.
Source: TXO Partners, L.P. 10-Q on SEC EDGAR.