TXO Partners (TXO) Operating Expenses (2022 - 2026)
TXO Partners (TXO) posted Operating Expenses of $93.21 million for Q2 2026, down 0.4% from $93.59 million a year earlier and down 11.9% from the prior quarter.
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Analysis
TXO Partners (TXO) Operating Expenses (2022 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at TXO Partners was $449.13 million, up 32.5% year-over-year; for FY2025, it came in at $431.59 million, up 49.0% from FY2024.
- Annual Operating Expenses shows a four-year compound annual growth rate of 23.7% (FY2021 to FY2025).
- In prior years, TXO Partners' Operating Expenses was $289.67 million in FY2024 (-42.6%), $504.5 million in FY2023 (+85.4%), $272.08 million in FY2022 (+47.7%) and $184.15 million in FY2021.
- The Q2 2026 figure stands as the lowest quarterly Operating Expenses since Q1 2025.
- On a year-over-year basis, Operating Expenses increased in six of the last eight quarters, with growth averaging 18.8%.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q4 2023, with growth of 317.9%; the weakest was Q4 2024, with a decline of 71.1%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $105.83 million (Q1 2026), $152.98 million (Q4 2025) and $97.12 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 3.19 Bn |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | 53.37 Bn |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | 46.44 Bn |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | - |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 2.43 Bn |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | -22.18 Bn |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | 47.07 Bn |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | 114.95 Mn |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | 17.00 Mn |
| 10 | TXO Partners | 790.11 Mn | 660.07 Mn | - | 93.21 Mn |
Historic Data
Download Data
Historic 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 |
API Access
TXO Partners Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=TXO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "TXO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=TXO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();