TXO Partners (TXO) Operating Expenses (2022 - 2026)
TXO Partners (TXO) posted quarterly Operating Expenses of $105.8 million for Q1 2026, up 20.38% year-over-year from $87.9 million in Q1 2025, and down 30.82% quarter-over-quarter from $153.0 million in Q4 2025.
TXO Partners (TXO) Operating Expenses (2022 - 2026) Analysis & Trends
TXO Partners' Operating Expenses history runs 5 years deep, the most recent figure standing at $105.8 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 20.38% year-over-year to $105.8 million; the TTM figure through Mar 2026 stood at $449.5 million (up 43.69% YoY), while the FY2025 annual figure was $431.6 million, up 48.99% from the prior year.
- Operating Expenses for Q1 2026 stood at $105.8 million, down from $153.0 million in the prior quarter.
- The five-year high for Operating Expenses was $290.2 million in Q4 2023, with the low at $60.3 million in Q1 2022.
- The 5-year median for Operating Expenses is $73.7 million (2024), against an average of $94.3 million.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses jumped 317.93% in 2023, then plunged 71.11% in 2024.
- TXO Partners' Operating Expenses stood at $69.4 million in 2022, then soared by 317.93% to $290.2 million in 2023, then plunged by 71.11% to $83.8 million in 2024, then jumped by 82.49% to $153.0 million in 2025, then sank by 30.82% to $105.8 million in 2026.
- Business Quant data shows TXO's Operating Expenses at $105.8 million in Q1 2026, $153.0 million in Q4 2025, and $97.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 114.95 Mn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 4.55 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 54.24 Mn |
| 10 | TXO Partners | 779.57 Mn | 664.06 Mn | - | 93.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 93.21 Mn |
| Mar 31, 2026 | 105.83 Mn |
| Dec 31, 2025 | 152.98 Mn |
| Sep 30, 2025 | 97.12 Mn |
| Jun 30, 2025 | 93.59 Mn |
| Mar 31, 2025 | 87.91 Mn |
| Dec 31, 2024 | 83.83 Mn |
| Sep 30, 2024 | 73.70 Mn |
| Jun 30, 2024 | 67.42 Mn |
| Mar 31, 2024 | 64.73 Mn |
| Dec 31, 2023 | 290.18 Mn |
| Sep 30, 2023 | 65.50 Mn |
| Jun 30, 2023 | 69.25 Mn |
| Mar 31, 2023 | 79.57 Mn |
| Dec 31, 2022 | 69.43 Mn |
| Sep 30, 2022 | 70.07 Mn |
| Jun 30, 2022 | 72.32 Mn |
| Mar 31, 2022 | 60.25 Mn |