TXO Partners (TXO) Research & Development (2022 - 2026)
TXO Partners' Research & Development came in at $170,000 for Q3 2026, up 86.8% from $91,000 a year earlier and up 34.9% from the prior quarter.
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Analysis
TXO Partners (TXO) Research & Development (2022 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, TXO Partners reported Research & Development of $649,000, up 69.5% year-over-year; for FY2025, it was $469,000, up 25.7% from FY2024.
- Research & Development carries a four-year compound annual growth rate of 39.5% (FY2021 to FY2025).
- Going back by year, Research & Development was $373,000 in FY2024 (+147.0%), $151,000 in FY2023 (-58.1%), $360,000 in FY2022 (+190.3%) and $124,000 in FY2021.
- The five-year range for quarterly Research & Development is $16,000 (Q2 2023) to $245,000 (Q4 2025).
- Year-over-year, Research & Development has increased for five consecutive quarters, with growth averaging 107.4% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q3 2025 (growth of 355.0%), and the weakest in Q2 2023 (a decline of 85.8%).
- Business Quant data shows TXO's Research & Development at $126,000 (Q2 2026), $108,000 (Q1 2026) and $245,000 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 116.00 Mn |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 259.00 Mn |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 134.00 Mn |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | - |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 60.00 Mn |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 311.00 Mn |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | - |
| 10 | TXO Partners | 740.21 Mn | 606.84 Mn | 69.33 Mn | 170,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 170,000.00 |
| Jun 30, 2026 | 126,000.00 |
| Mar 31, 2026 | 108,000.00 |
| Dec 31, 2025 | 245,000.00 |
| Sep 30, 2025 | 91,000.00 |
| Jun 30, 2025 | 60,000.00 |
| Mar 31, 2025 | 73,000.00 |
| Dec 31, 2024 | 159,000.00 |
| Sep 30, 2024 | 20,000.00 |
| Jun 30, 2024 | 71,000.00 |
| Mar 31, 2024 | 123,000.00 |
| Dec 31, 2023 | 44,000.00 |
| Sep 30, 2023 | 24,000.00 |
| Jun 30, 2023 | 16,000.00 |
| Mar 31, 2023 | 67,000.00 |
| Dec 31, 2022 | 79,000.00 |
| Sep 30, 2022 | 81,000.00 |
| Jun 30, 2022 | 113,000.00 |
| Mar 31, 2022 | 87,000.00 |
API Access
TXO Partners Research & Development 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=research-and-development&ticker=TXO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=TXO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();