Txo Partners, L.P. (TXO) intrinsic value & 10-year financials

Txo Partners, L.P. (TXO) has a Graham intrinsic value of $19.83 per share. At $14.22 on Oct 17, 2026, the stock trades 28% below that value. Over the last 6 fiscal years revenue grew 13.4% a year to $363.1M.

Graham intrinsic value
$19.83
Share price (Oct 17, 2026)
$14.22
Price vs Graham value
28% below
Market cap
$707.7M
Revenue (FY2025)
$363.1M
Revenue growth (6-yr CAGR)
13.4%
Free cash flow (FY2025)
$117.5M

TXO 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $363.1M -$21.6M -$0.43 $117.5M -8.4% —
FY2024 $285.4M $23.5M $0.65 $108.0M -2.4% —
FY2023 $357.5M -$104.0M -$3.44 $75.5M -34.6% —
FY2022 $449.6M -$7.7M -$0.31 $123.4M -5.7% —
FY2021 $219.4M $52.5M $2.10 $40.3M 20.1% —
FY2020 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

TXO Partners, L.P. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

TXO Partners, L.P. 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.

TXO Partners, L.P. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, TXO Partners, L.P. is modeled at 13.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $19.83 per share.

TXO stock: frequently asked questions

What is the intrinsic value of Txo Partners, L.P. (TXO) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 13.4% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, TXO's intrinsic value is about $19.83 per share.

Is TXO stock undervalued?

At $14.22 (close on Oct 17, 2026), TXO trades 28% below its Graham value of $19.83. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Txo Partners, L.P. generate free cash flow?

Txo Partners, L.P. generated $117.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 5 of the last 5 reported years.

Where does this TXO data come from?

From Txo Partners, L.P.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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