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| Date | Value |
|---|---|
| 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 |