TXO Partners (TXO) Operating Expenses (2022 - 2026)

TXO Partners' (TXO) quarterly Operating Expenses came in at $105.8 million in Q1 2026, up 20.38% year-on-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.

  • On a quarterly basis, Operating Expenses rose 20.38% year-over-year to $105.8 million in Q1 2026; TTM through Mar 2026 was $449.5 million, a 43.69% increase from a year earlier, with the FY2025 full-year figure at $431.6 million, up 48.99% from the prior year.
  • Operating Expenses fell to $105.8 million in Q1 2026 per TXO's latest filing, from $153.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $290.2 million in Q4 2023 and bottomed 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.
  • Across the five-year window, Operating Expenses jumped 317.93% in 2023 and sank 71.11% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $69.4 million in 2022, then jumped by 317.93% to $290.2 million in 2023, then tumbled by 71.11% to $83.8 million in 2024, then surged by 82.49% to $153.0 million in 2025, then plunged by 30.82% to $105.8 million in 2026.
  • Per Business Quant, the three latest TXO Operating Expenses figures stand at $105.8 million (Q1 2026), $153.0 million (Q4 2025), and $97.1 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 2.28 Bn
2 Eog Resources 74.61 Bn 70.76 Bn - 4.32 Bn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 4.12 Bn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 4.86 Bn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 60.22 Mn
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 54.49 Mn
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 3.64 Bn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 2.87 Bn
10 TXO Partners 712.86 Mn 698.76 Mn - 105.83 Mn

Historic Data

Download Data
DateValue
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