TXO Partners Q2 FY26 net income swings to USD 60.77 million; revenue rises 68% to USD 150.87 million
TXO•Higher interest expense and non-GAAP measures
GAAP interest expense more than doubled to USD 5.58 million on increased borrowings and amortization of capitalized debt costs.
Non-GAAP Adjusted EBITDAX rose to USD 55.03 million; non-GAAP cash available for distribution increased to USD 34.62 million.
Distribution declared and Cross Timbers Energy winding down
The company declared a USD 0.40 per-unit distribution, payable Aug. 21.
It also began winding down Cross Timbers Energy, receiving a USD 95 million initial distribution in July.
Q2 results improve sharply on higher oil prices and volumes
TXO Partners posted GAAP net income of USD 60.77 million for Q2, swinging from a GAAP net loss a year earlier.
Revenue climbed 68% to USD 150.87 million, driven by higher oil prices and a 228 MBoe increase in sales volumes.
