TXO Partners (TXO) Operating Margin (2022 - 2026)
TXO Partners' (TXO) quarterly Operating Margin came in at 64.87% in Q1 2026, down 6105.0% year-on-year from 1.08% in Q1 2025, and down 202.06% quarter-over-quarter from 21.47% in Q4 2025.
TXO Partners (TXO) Operating Margin (2022 - 2026) Analysis & Trends
TXO Partners' Operating Margin history runs 5 years deep, the most recent figure standing at 64.87% for Q1 2026.
- On a quarterly basis, Operating Margin fell 6105.0% year-over-year to 64.87% in Q1 2026; TTM through Mar 2026 was 23.97%, a 1971.0% decrease from a year earlier, with the FY2025 full-year figure at 7.63%, down 520.0% from the prior year.
- Operating Margin eased to 64.87% in Q1 2026 per TXO's latest filing, from 21.47% in the prior quarter.
- Across five years, Operating Margin topped out at 49.76% in Q1 2023 and bottomed at 731.72% in Q1 2022.
- The 5-year median for Operating Margin is 4.13% (2025), against an average of 63.73%.
- Biggest YoY gain for Operating Margin was 78148 bps in 2023; the steepest drop was 22420 bps in 2023.
- Year by year, Operating Margin stood at 63.92% in 2022, then plunged by 351 bps to 288.12% in 2023, then soared by 102 bps to 6.16% in 2024, then plunged by 448 bps to 21.47% in 2025, then plunged by 202 bps to 64.87% in 2026.
- Per Business Quant, the three latest TXO Operating Margin figures stand at 64.87% (Q1 2026), 21.47% (Q4 2025), and 3.73% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 45.70% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 37.54% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 2.74% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 89.26% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 0.36% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 21.77% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 76.99% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 3.68% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 34.82% |
| 10 | TXO Partners | 712.86 Mn | 698.76 Mn | - | -64.87% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -64.87% |
| Dec 31, 2025 | -21.47% |
| Sep 30, 2025 | 3.73% |
| Jun 30, 2025 | -4.13% |
| Mar 31, 2025 | -3.82% |
| Dec 31, 2024 | 6.16% |
| Sep 30, 2024 | -7.23% |
| Jun 30, 2024 | -17.64% |
| Mar 31, 2024 | 4.01% |
| Dec 31, 2023 | -288.12% |
| Sep 30, 2023 | 6.26% |
| Jun 30, 2023 | -14.51% |
| Mar 31, 2023 | 49.76% |
| Dec 31, 2022 | -63.92% |
| Sep 30, 2022 | 41.95% |
| Jun 30, 2022 | 22.13% |
| Mar 31, 2022 | -731.72% |