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

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) 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

  Q2 2026 distribution declared at $0.40/unit, down 11% from $0.45/unit in Q2 2025, despite higher cash generation; Q1 2026 distribution was $0.36/unit (down 41% YoY), reflecting the timing of Cross Timbers wind-down and reduced JV cash flow.

  MD&A: Distributions verify on EDGAR →