TXO Partners Reports Third-Quarter Revenue of $55.1 Million
Revenue fell 45% year over year, primarily due to a $68.3 million adverse swing in derivative results. The company reported a $32.1 million net loss, versus net income of $4.4 million a year earlier.
The company's third-quarter 2026 revenue of $55.1 million represented a 45% decline year-over-year, primarily driven by a $68.3 million adverse swing in derivative results. The net loss of $32.1 million compared to net income of $4.4 million in the prior-year quarter. Nine-month production increased 7% to 7.8 million Boe, supported by Williston Basin acquisitions and new wells, though this was partially offset by asset sales and natural decline. Management reaffirmed its full-year 2026 capital spending guidance of $90 million to $95 million and expects to fund development and distributions through operating cash flow and available liquidity.