TXO: revenue $150.9M, net income $60.8M. TXO revenue +68% on oil rally; sold Cross Timbers JV for ~, cut distribution 11%

Filed August 4, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~2 min read

Key Changes

• high

  Q2 revenue rose 67.9% YoY to $150.9M on a 58% surge in realized oil prices (to $97.28/Bbl) driven by Middle East hostilities and supply disruptions, plus 228 MBoe higher production from the Williston Basin acquisition, partially offset by Cross Timbers asset sales.

  MD&A: Revenue & Commodity Prices verify on EDGAR →
• high

  Operating income swung from a $3.7M loss in Q2 2025 to $57.7M income in Q2 2026; Adjusted EBITDAX doubled to $55.0M; Cash Available for Distribution rose 84% to $34.6M despite higher development spending.

  MD&A: Operating Results verify on EDGAR →
• high

  Cross Timbers Energy sold ~$200M of oil and gas properties in three Q2 2026 closings (~$98M net to TXO); TXO received a $95M distribution in July 2026, used $70M to pay the deferred Williston acquisition obligation and applied the remainder to reduce Credit Facility debt.

  Notes: Cross Timbers Transactions verify on EDGAR →