(TXO) MorningStar Partners, L.P. - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US87313P1030

Stock: Oil, Gas, Liquids

Total Rating 26

Risk 88

Buy Signal -0.46

Oil & Gas E&P » Oil & Gas Exploration & Production
Age: 3y

Market Cap: 643m
Avg Trading Vol: 2.13M USD

ATR: 3.19%
Peers RS (IBD): 1.47

EPS (Earnings per Share)

EPS CAGR: 266.95%
EPS Trend: 0.4%

Last SUE: -1.36
Qual. Beats: 0

Revenue

Rev. CAGR: 3.27%
Rev. Trend: 35.4%

Last SUE: 0.53
Qual. Beats: 0

Dividends

Dividend Yield	12.92%
Yield on Cost 5y	12.67%
Yield CAGR 5y	16.05%
Payout Consistency	95.2%
Payout Ratio	4.3%

Risk 5d forecast
Volatility	27.8%
Relative Tail Risk	-5.79%

Reward TTM
Sharpe Ratio	-1.11
Alpha	-37.31

Character TTM
Beta	0.461
Beta Downside	0.759

Drawdowns 3y
Max DD	46.41%
CAGR/Max DD	-0.22

Description: TXO MorningStar Partners, L.P. December 24, 2025

TXO Partners, L.P. (NYSE: TXO) is a U.S.-based upstream firm that acquires, develops, and produces conventional oil, natural gas, and natural gas liquids across three core basins: the Permian (West Texas/New Mexico), the San Juan (New Mexico/Colorado), and the Williston (Montana/North Dakota). The company, incorporated in 2012 and headquartered in Fort Worth, Texas, rebranded from TXO Energy Partners in May 2023 and trades as a common stock in the Oil & Gas Exploration & Production sub-industry.

Key operational metrics (as of Q2 2024) show approximately 1.2 billion cubic feet of daily gas processing capacity and 55,000 boe/d of combined oil-and-gas production, with a capital efficiency of roughly $12 per boe of proved reserves added. The firm’s earnings are highly sensitive to WTI crude prices (≈ $1.8 of net profit per $1 change in price) and to natural-gas price spreads, while the Permian’s low-cost drilling environment (average $10-$12 mm per well) underpins its margin resilience.

For a deeper, data-driven view of TXO’s valuation dynamics, you may find ValueRay’s analytical tools useful for further research.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income: 16.9m TTM > 0 and > 6% of Revenue
FCF/TA: -0.11 > 0.02 and ΔFCF/TA 6.74 > 1.0
NWC/Revenue: -22.97% < 20% (prev 0.35%; Δ -23.31% < -1%)
CFO/TA 0.09 > 3% & CFO 126.2m > Net Income 16.9m
Net Debt (265.8m) to EBITDA (124.0m): 2.14 < 3
Current Ratio: 0.48 > 1.5 & < 3
Outstanding Shares: last quarter (55.8m) vs 12m ago 40.12% < -2%
Gross Margin: 35.26% > 18% (prev 0.28%; Δ 3499 % > 0.5%)
Asset Turnover: 30.47% > 50% (prev 28.09%; Δ 2.37% > 0%)
Interest Coverage Ratio: 2.16 > 6 (EBITDA TTM 124.0m / Interest Expense TTM 14.6m)

Beneish M -3.29

DSRI: 1.02 (Receivables 45.6m/35.0m, Revenue 364.4m/285.5m)
GMI: 0.79 (GM 35.26% / 27.70%)
AQI: 0.65 (AQ_t 0.01 / AQ_t-1 0.02)
SGI: 1.28 (Revenue 364.4m / 285.5m)
TATA: -0.08 (NI 16.9m - CFO 126.2m) / TA 1.38b)
Beneish M-Score: -3.29 (Cap -4..+1) = AA

What is the price of TXO shares?

As of February 08, 2026, the stock is trading at USD 12.04 with a total of 84,653 shares traded.
Over the past week, the price has changed by -0.25%, over one month by +15.33%, over three months by -5.64% and over the past year by -27.78%.

Is TXO a buy, sell or hold?

MorningStar Partners, L.P. has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy TXO.

StrongBuy: 3
Buy: 0
Hold: 0
Sell: 0
StrongSell: 0

What are the forecasts/targets for the TXO price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	19	57.8%
Analysts Target Price	19	57.8%
ValueRay Target Price	13.4	11.6%

TXO Fundamental Data Overview February 04, 2026

P/E Trailing = 29.325
P/S = 1.7634
P/B = 0.8922
Revenue TTM = 364.4m USD
EBIT TTM = 31.4m USD
EBITDA TTM = 124.0m USD
Long Term Debt = 271.1m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 271.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 265.8m USD (from netDebt column, last quarter)
Enterprise Value = 908.4m USD (642.6m + Debt 271.1m - CCE 5.31m)
Interest Coverage Ratio = 2.16 (Ebit TTM 31.4m / Interest Expense TTM 14.6m)
EV/FCF = -6.21x (Enterprise Value 908.4m / FCF TTM -146.2m)
FCF Yield = -16.09% (FCF TTM -146.2m / Enterprise Value 908.4m)
FCF Margin = -40.12% (FCF TTM -146.2m / Revenue TTM 364.4m)
Net Margin = 4.62% (Net Income TTM 16.9m / Revenue TTM 364.4m)
Gross Margin = 35.26% ((Revenue TTM 364.4m - Cost of Revenue TTM 235.9m) / Revenue TTM)
Gross Margin QoQ = 52.55% (prev 27.66%)
Tobins Q-Ratio = 0.66 (Enterprise Value 908.4m / Total Assets 1.38b)
Interest Expense / Debt = 1.62% (Interest Expense 4.39m / Debt 271.1m)
Taxrate = 21.0% (US default 21%)
NOPAT = 24.8m (EBIT 31.4m * (1 - 21.00%))
Current Ratio = 0.48 (Total Current Assets 76.9m / Total Current Liabilities 160.6m)
Debt / Equity = 0.37 (Debt 271.1m / totalStockholderEquity, last quarter 736.2m)
Debt / EBITDA = 2.14 (Net Debt 265.8m / EBITDA 124.0m)
Debt / FCF = -1.82 (negative FCF - burning cash) (Net Debt 265.8m / FCF TTM -146.2m)
Total Stockholder Equity = 671.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.41% (Net Income 16.9m / Total Assets 1.38b)
RoE = 2.51% (Net Income TTM 16.9m / Total Stockholder Equity 671.8m)
RoCE = 3.33% (EBIT 31.4m / Capital Employed (Equity 671.8m + L.T.Debt 271.1m))
RoIC = 3.01% (NOPAT 24.8m / Invested Capital 824.2m)
WACC = 5.73% (E(642.6m)/V(913.7m) * Re(7.61%) + D(271.1m)/V(913.7m) * Rd(1.62%) * (1-Tc(0.21)))
Discount Rate = 7.61% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 34.51%
Fair Price DCF = unknown (Cash Flow -146.2m)
EPS Correlation: 0.43 | EPS CAGR: 266.9% | SUE: -1.36 | # QB: 0
Revenue Correlation: 35.37 | Revenue CAGR: 3.27% | SUE: 0.53 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.14 | Chg30d=+0.055 | Revisions Net=-1 | Analysts=2
EPS next Year (2026-12-31): EPS=0.50 | Chg30d=+0.085 | Revisions Net=+0 | Growth EPS=+170.3% | Growth Revenue=+18.7%

Additional Sources for TXO Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle