TXO
MorningStar Partners, L.P.
NYSE: TXO · ENERGY · OIL & GAS E&P
$12.43
-1.35% today
Updated 2026-04-30
Market cap
$678.38M
P/E ratio
—
P/S ratio
1.69x
EPS (TTM)
$-0.43
Dividend yield
14.00%
52W range
$10 – $16
Volume
0.2M
MorningStar Partners, L.P. (TXO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $108.76M | $228.34M | $246.40M | $380.72M | $282.81M | $411.45M |
| Revenue growth (YoY) | — | +109.9% | +7.9% | +54.5% | -25.7% | +45.5% |
| Cost of revenue | $91.47M | $109.14M | $169.03M | $189.02M | $202.70M | $367.70M |
| Gross profit | $17.30M | $119.20M | $77.37M | $191.70M | $80.11M | $43.75M |
| Gross margin | 15.9% | 52.2% | 31.4% | 50.4% | 28.3% | 10.6% |
| R&D | — | — | — | — | — | — |
| SG&A | $7.00M | $12.18M | $1.65M | $7.89M | $14.53M | $21.46M |
| Operating income | $-155.30M | $44.19M | $-25.68M | $-123.78M | $-6.86M | $22.28M |
| Operating margin | -142.8% | 19.4% | -10.4% | -32.5% | -2.4% | 5.4% |
| EBITDA | $-112.71M | $98.23M | $41.89M | $-46.63M | $95.40M | $91.92M |
| EBITDA margin | -103.6% | 43.0% | 17.0% | -12.2% | 33.7% | 22.3% |
| EBIT | $-155.03M | $58.34M | $530000.00 | $-99.56M | $31.37M | $-4.66M |
| Interest expense | $8.20M | $5.87M | $8.20M | $4.42M | $7.87M | $16.96M |
| Income tax | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-163.24M | $52.48M | $-7.67M | $-103.99M | $23.50M | $-21.62M |
| Net income growth (YoY) | — | +132.1% | -114.6% | -1256.1% | +122.6% | -192.0% |
| Profit margin | -150.1% | 23.0% | -3.1% | -27.3% | 8.3% | -5.3% |