TXO Partners (TXO) Operating Margin (2022 - 2026)
TXO Partners (TXO) recorded Operating Margin of -34.14% in Q3 2026, down 37.87 percentage points from 3.73% a year earlier and down 72.37 percentage points from the prior quarter.
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Analysis
TXO Partners (TXO) Operating Margin (2022 - 2026) Analysis & Trends
On a TTM basis, TXO Partners' Operating Margin came in at -16.79% as of Sep 30, 2026, down 17.31 percentage points year-over-year; for FY2025, it came in at -7.63%, down 5.22 percentage points from FY2024.
- Annual Operating Margin has a four-year change of -26.98 percentage points (FY2021 to FY2025).
- Across earlier years, Operating Margin came in at -2.40% in FY2024 (+30.11 pp), -32.51% in FY2023 (-22.09 pp), -10.42% in FY2022 (-29.77 pp) and 19.35% in FY2021.
- Quarterly Operating Margin has ranged from -731.72% in Q1 2022 to 49.76% in Q1 2023 over the past five years.
- On a year-over-year basis, Operating Margin rose in four of the last eight quarters, with an average year-over-year change of +19.26 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 781.48 percentage points in Q1 2023, against a drop of 151.59 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 38.22% (Q2 2026), -64.87% (Q1 2026) and -21.47% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 18.93% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 20.54% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 39.66% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 7.15% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 50.83% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 36.02% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 78.41% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 14.27% |
| 10 | TXO Partners | 740.21 Mn | 606.84 Mn | 69.33 Mn | -34.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -34.14% |
| Jun 30, 2026 | 38.22% |
| 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 | 5.99% |
| Sep 30, 2024 | -7.23% |
| Jun 30, 2024 | -17.64% |
| Mar 31, 2024 | 4.01% |
| Dec 31, 2023 | -215.51% |
| 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% |
API Access
TXO Partners Operating Margin 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-margin&ticker=TXO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=TXO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();