← TXO Partners, L.P.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
| Net Income From Continuing Operations | — | ($7.7m) | ($104.0m) | $23.5m | ($21.6m) | |
| Net Income (Loss) Attributable to Parent | — | ($7.7m) | ($104.0m) | $23.5m | ($21.6m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($7.7m) | ($104.0m) | $23.5m | ($21.6m) | |
| Depreciation, Depletion and Amortization | $39.9m | $41.4m | $44.3m | $52.4m | $96.6m | |
| Depreciation Amortization Depletion | — | $41.4m | $44.3m | $52.4m | $96.6m | |
| Share-based Payment Arrangement, Noncash Expense | — | $0 | $3.5m | $6.2m | $16.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $851k | $2.4m | |
| Share-based Payment Arrangement, Expense | — | $0 | $3.5m | $6.2m | $16.3m | |
| Impairment of long-lived assets | $0 | $0 | $223.4m | $0 | $42.4m | |
| Asset Impairment Charge | — | $0 | $223.4m | $0 | $42.4m | |
| Interest Expense Nonoperating | — | — | — | $7.9m | $17.0m | |
| Changes in operating assets and liabilities: | ||||||
| Changes in operating assets and liabilities(a) | ($7.0m) | ($17.3m) | $6.6m | $6.9m | ($8.3m) | |
| Additional Financial Items | ||||||
| Increase (Decrease) in Accounts Receivable | — | $22.8m | ($19.7m) | $8.0m | $12.8m | |
| Asset Retirement Obligation, Accretion Expense | — | $6.1m | $8.6m | $11.6m | $15.7m | |
| General and Administrative Expense | — | $1.6m | $7.9m | $14.5m | $21.5m | |
| Investment Income, Interest | — | $143k | $461k | $1.1m | $618k | |
| Nonoperating Income (Expense) | — | $18.0m | $19.8m | $30.4m | $9.0m | |
| Operating Expenses | — | $272.1m | $504.5m | $289.7m | $431.6m | |
| Unrealized Gain (Loss) on Derivatives | — | ($113.2m) | $106.2m | ($7.4m) | $24.2m | |
| Net (loss) income | $52.5m | ($7.7m) | ($104.0m) | $23.5m | ($21.6m) | |
| Accretion of discount in asset retirement obligation | $4.7m | $6.1m | $8.6m | $11.6m | $15.7m | |
| Derivative fair value (gain) loss | ($9.0m) | $203.2m | ($23.2m) | $2.6m | ($37.9m) | |
| Net cash received from (paid to) counterparties | $0 | ($90.0m) | ($83.1m) | $4.8m | $13.7m | |
| Non-cash incentive compensation | $2.4m | $0 | $3.5m | $6.2m | $16.3m | |
| Other non-cash items | ($585k) | $715k | $955k | $1.3m | $1.3m | |
| Proceeds from sale of property and equipment | $0 | $320k | $0 | $122k | $18k | |
| Proved property acquisitions | ($185.9m) | ($50.3m) | ($8.7m) | ($263.7m) | ($262.8m) | |
| Development costs | ($8.4m) | ($23.7m) | ($35.8m) | ($23.2m) | ($71.7m) | |
| Unproved property acquisitions | ($67k) | ($50k) | ($72k) | ($227k) | ($157k) | |
| Other property additions | ($33.4m) | ($13.0m) | ($1.6m) | ($1.3m) | ($714k) | |
| Cash Used by Investing Activities | ($227.8m) | ($86.7m) | ($46.2m) | ($288.3m) | ($335.3m) | |
| Exercise of Series 3 Warrants | $0 | $1.0m | $0 | $0 | — | |
| Net proceeds from initial public offering | $0 | $0 | $106.3m | $0 | $0 | |
| Net proceeds from public offering | — | $0 | $0 | $141.2m | $189.5m | |
| Capitalized offering costs | $0 | ($3.7m) | $0 | $0 | — | |
| Proceeds from sale of units to cover withholding taxes | — | $0 | $0 | $930k | $1.9m | |
| Distributions | ($139k) | ($13.2m) | ($49.8m) | ($85.4m) | ($101.4m) | |
| Cash Provided by (Used by) Financing Activities | $139.7m | ($48.1m) | ($35.6m) | $181.8m | $219.2m | |
| Accounts receivable | ($14.8m) | ($22.8m) | $19.7m | ($8.0m) | ($12.8m) | |
| Other assets | ($1.6m) | ($5.7m) | ($546k) | $1.6m | ($2.3m) | |
| Aid-in-construction asset | $0 | $238k | $0 | $0 | — | |
| Current liabilities | $10.0m | $12.4m | ($10.9m) | $14.8m | $10.2m | |
| Other operating liabilities | ($640k) | ($1.5m) | ($1.6m) | ($1.5m) | ($3.4m) | |
| Beginning Cash Position | — | $7.5m | $9.2m | $4.5m | $7.3m | |
| Cash Flow From Continuing Financing Activities | — | ($48.1m) | ($35.6m) | $181.8m | $219.2m | |
| Cash Flow From Continuing Investing Activities | — | ($86.7m) | ($46.2m) | ($288.3m) | ($335.3m) | |
| Change In Other Current Assets | — | ($5.5m) | ($546k) | $1.6m | ($2.3m) | |
| Change In Other Current Liabilities | — | $10.9m | ($12.5m) | $13.3m | $6.8m | |
| Change In Receivables | — | ($22.8m) | $19.7m | ($8.0m) | ($12.8m) | |
| Change In Working Capital | — | ($17.3m) | $6.6m | $6.9m | ($8.3m) | |
| Changes In Account Receivables | — | ($22.8m) | $19.7m | ($8.0m) | ($12.8m) | |
| Changes In Cash | — | $1.7m | ($4.7m) | $2.8m | $2.1m | |
| End Cash Position | — | $9.2m | $4.5m | $7.3m | $9.4m | |
| Financing Cash Flow | — | ($48.1m) | ($35.6m) | $181.8m | $219.2m | |
| Free Cash Flow | — | $73.1m | $66.7m | ($155.9m) | ($145.4m) | |
| Gain Loss On Investment Securities | — | $203.2m | ($23.2m) | $2.6m | ($37.9m) | |
| Investing Cash Flow | — | ($86.7m) | ($46.2m) | ($288.3m) | ($335.3m) | |
| Issuance Of Capital Stock | — | $0 | $106.3m | $141.2m | $189.5m | |
| Net PPE Purchase And Sale | — | ($63.0m) | ($10.4m) | ($265.0m) | ($263.6m) | |
| Operating Gains Losses | — | $203.2m | ($23.2m) | $2.6m | ($37.9m) | |
| Proceeds From Stock Option Exercised | $0 | $1.0m | $0 | $0 | — | |
| Purchase Of PPE | — | ($63.3m) | ($10.4m) | ($265.2m) | ($263.6m) | |
| Sale Of PPE | — | $320k | $0 | $122k | $18k | |
| Stock Based Compensation | — | $0 | $3.5m | $6.2m | $16.3m | |
| Derivative, Gain (Loss) on Derivative, Net | — | ($203.2m) | $23.2m | ($2.6m) | $37.9m | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | ($90.0m) | ($83.1m) | $4.8m | $13.7m | |
| Net Cash Provided by (Used in) Operating Activities | $73.7m | $136.4m | $77.2m | $109.3m | $118.2m | |
| Cash flows from investing activities: | ||||||
| Net Other Investing Changes | — | ($23.7m) | ($35.8m) | ($23.2m) | ($71.7m) | |
| Net Cash Provided by (Used in) Investing Activities | — | ($86.7m) | ($46.2m) | ($288.3m) | ($335.3m) | |
| Cash flows from financing activities: | ||||||
| Proceeds from Issuance of Long-term Debt | — | $1.5b | $86.0m | $251.0m | $405.5m | |
| Proceeds from long-term debt | $1.4b | $1.5b | $86.0m | $251.0m | $405.5m | |
| Debt issuance costs | ($2.8m) | ($161k) | ($144k) | ($3.2m) | ($2.4m) | |
| Issuance Of Debt | — | $1.5b | $86.0m | $251.0m | $405.5m | |
| Long Term Debt Issuance | — | $1.5b | $86.0m | $251.0m | $405.5m | |
| Net Issuance Payments Of Debt | — | ($32.0m) | ($92.0m) | $129.0m | $134.0m | |
| Net Long Term Debt Issuance | — | ($32.0m) | ($92.0m) | $129.0m | $134.0m | |
| Repayments of Long-term Debt | — | $1.5b | $178.0m | $122.0m | $271.5m | |
| Payments on long-term debt | ($1.4b) | ($1.5b) | ($178.0m) | ($122.0m) | ($271.5m) | |
| Long Term Debt Payments | — | ($1.5b) | ($178.0m) | ($122.0m) | ($271.5m) | |
| Repayment Of Debt | — | ($1.5b) | ($178.0m) | ($122.0m) | ($271.5m) | |
| Common Stock Issuance | — | $0 | $106.3m | $141.2m | $189.5m | |
| Net Common Stock Issuance | — | $0 | $106.3m | $141.2m | $189.5m | |
| Cash Dividends Paid | — | ($13.2m) | ($49.8m) | ($85.4m) | ($101.4m) | |
| Common Stock Dividend Paid | — | ($13.2m) | ($49.8m) | ($85.4m) | ($101.4m) | |
| Net Other Financing Charges | — | ($3.9m) | ($144k) | ($3.1m) | ($2.9m) | |
| Net Cash Provided by (Used in) Financing Activities | — | ($48.1m) | ($35.6m) | $181.8m | $219.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $1.7m | ($4.7m) | $2.8m | $2.1m | |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ($14.4m) | $1.7m | ($4.7m) | $2.8m | $2.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $9.2m | $4.5m | $7.3m | $9.4m | |
| Cash and Cash Equivalents, beginning of period | $7.5m | $9.2m | $4.5m | $7.3m | $9.4m | |
| Supplemental disclosure of cash flow information: | ||||||
| Change In Cash Supplemental As Reported | — | $1.7m | ($4.7m) | $2.8m | $2.1m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $7.9m | $3.5m | $7.0m | $15.4m | |
| Withholding taxes paid on vesting of restricted units | — | $0 | $0 | ($851k) | ($2.4m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.