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    MorningStar Partners, L.P. (TXO)

    Official site

    ENERGY • OIL & GAS E&P • NYSE

    $14.17
    -0.08 (-0.56%)

    Market Cap: $790.11M

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    33%(5/15)
    Avg Surprise
    -39.47%
    Streak
    2 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.16
    Range$0.05 - $0.36
    3 analysts
    EPS Revisions
    1
    0
    7d
    1
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$0.04+347.7%
    60d ago$0.04+248.2%
    30d ago$0.05+213.4%
    7d ago$0.160.0%
    Current$0.16
    Revenue Consensus
    $102M
    Range$90M - $113M
    2 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.36
    Range$-0.00 - $0.62
    3 analysts
    Revenue Consensus
    $121M
    Range$65M - $178M
    2 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$0.36---
    Sep 26EST
    -$0.16---
    Jun 26
    Reported Aug 4
    $1.07$0.11+872.73%Beat+768.8%
    Mar 26
    Reported May 4
    $0.02N/A+140.00%Beat-91.7%
    Dec 25
    Reported Feb 26
    $-0.57$0.10-670.00%Miss-267.6%
    Sep 25
    Reported Nov 4
    $-0.05$0.01-600.00%Miss-350.0%
    Jun 25
    Reported Aug 5
    $-0.16$-0.01-1500.00%Miss-200.0%
    Mar 25
    Reported May 1
    $0.24$0.36-33.33%Miss-31.4%
    Dec 24
    Reported Mar 4
    $0.34$0.39-12.82%Miss-64.9%
    Sep 24
    Reported Nov 5
    $0.02N/A-71.43%Miss-93.8%
    Jun 24
    Reported Aug 6
    $0.16$0.19-15.79%Miss+300.0%
    Mar 24
    Reported May 7
    $0.35$0.24+45.83%Beat-87.8%
    Dec 23
    Reported Mar 5
    $0.97$0.25+288.00%Beat+193.9%
    Sep 23
    Reported Nov 7
    $0.32$0.33-3.03%Miss+114.6%
    Jun 23
    Reported Aug 8
    $-0.08$0.10-180.00%Miss-
    Mar 23
    Reported Apr 18
    $2.86$0.22+1200.00%Beat-
    Dec 22
    Reported Jan 26
    $0.33N/A-52.17%Miss-
    Jun 22
    Reported Jul 14
    $-2.19$0.00N/AMiss-

    Dividends

    Dividend Metrics

    Forward Yield11.29%
    Forward Annual Dividend$1.60
    Payout Ratio332.73%
    FrequencyQuarterly
    Pay MonthsMar, May, Aug, Nov

    Key Metrics

    Valuation
    P/E Ratio30.15EV/EBITDA10.49x
    Price/FCF-4.63xFCF Yield-21.60%
    Profitability
    Profit Margin-9.23%Operating Margin38.20%
    ROE-5.35%ROIC-1.37%
    Financial Health
    Debt/Equity0.42xInterest Coverage4.09x
    Current Ratio1.05xQuick Ratio1.05x
    Trading Statistics
    Beta0.03Avg Volume145.55K
    52-Week High$15.5852-Week Low$9.33

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$14.16
    SMA 20$14.18
    SMA 50$14.32
    SMA 200$12.54
    EMA 10$14.23
    EMA 20$14.26
    EMA 50$14.09
    EMA 200$13.11

    MACD

    Line: -0.03Signal: -0.04Hist: 0.02

    ADX

    ADX: 18.0+DI: 16.6-DI: 19.7

    Aroon & PSAR

    Aroon Up8.0
    Aroon Down56.0
    PSAR$13.72

    Bollinger Bands

    Upper Band$14.67
    Lower Band$13.68
    %B Position702%(Upper)
    Band Width0.49

    RSI (14-Day)

    Neutral
    47.9

    Momentum Oscillators

    Stoch %K71.4
    Stoch %D80.2
    Williams %R-43.4
    ROC (10d)2.7%
    Momentum0.37
    CCI (20d)-13.2
    MFI (14d)40.5

    Volatility Measures

    ATR (14d)$0.39(2.7%)
    StdDev (20d)0.25
    Hist Vol20.5%(Moderate)

    Volume Flow

    VWAP$14.16
    OBV417.1K
    AD Line-399.5M
    CMF (20d)-0.290

    Volume Metrics

    Avg Vol (20d)142.1K
    Vol Ratio0.6x
    VWMA (20d)$14.13

    Pivot Points

    R3$15.10
    R2$14.92
    R1$14.58
    Pivot Point$14.40
    S1$14.06
    S2$13.88
    S3$13.54

    Advanced Oscillators

    TSI-2.72
    Ultimate Osc47.3
    KST-28.38

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$150.87M$28.28M$125.93M$100.88M$89.88M$84.33M$89.33M$68.73M$57.31M$67.44M$91.97M$69.87M
    Cost of Revenue$0$0$191.12M$0$0$0$59.32M$0$0$0$45.58M$0
    Gross Profit$150.87M$28.28M$125.93M$100.88M$89.88M$84.33M$89.33M$68.73M$57.31M$67.44M$91.97M$69.87M
    Operating Expenses$93.21M$105.83M$152.97M$97.12M$93.59M$87.91M$83.83M$73.70M$67.42M$64.73M$290.18M$65.50M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$4.75M$4.81M$4.74M$4.83M$9.45M$2.44M$4.01M$3.27M$4.59M$2.65M$2.83M$1.76M
    Operating Income$57.66M$-77,551,000$-27,043,000$3.76M$-3,715,000$-3,583,000$5.51M$-4,966,000$-10,107,000$2.71M$-198,208,000$4.38M
    Interest Income$197,000$99,000$102,000$113,000$300,000$103,000$131,000$700,000$122,000$125,000$120,000$107,000
    Interest Expense$5.58M$5.74M$6.27M$4.50M$2.57M$3.62M$3.99M$1.86M$1.05M$976,000$1.16M$1.20M
    Income Before Tax$60.77M$-74,336,000$-28,252,000$4.35M$-135,000$2.42M$10.22M$203,000$2.81M$10.27M$-193,729,000$8.48M
    Income Tax Expense$0$0$0$0$0$0$0$0$0$0$0$0
    Net Income$60.77M$-74,336,000$-28,252,000$4.35M$-135,000$2.42M$10.22M$203,000$2.81M$10.27M$-193,729,000$8.48M
    EBITDA$90.12M$-39,857,000$7.68M$32.44M$23.82M$27.36M$32.06M$14.94M$14.07M$21.64M$-181,494,000$20.19M
    EBIT$66.15M$-68,695,000$-22,087,000$8.74M$2.14M$5.93M$14.07M$1.36M$3.73M$11.12M$-192,685,000$9.57M
    * Some calculated fields are derived from available data when not provided by source

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    TXO Valuation and Fair Value

    P/E
    30.1x
    Forward P/E
    12.6x
    EV/EBITDA
    10.5x
    P/FCF
    -4.6x
    P/B
    1.2x
    See GNG's fair value

    TXO Profitability: Margins, ROIC and FCF

    Gross margin
    100.0%
    Operating margin
    38.2%
    Net margin
    -9.2%
    ROIC
    -1.4%
    ROE
    -5.3%
    FCF margin
    -41.8%
    FCF yield
    -21.6%

    TXO Analyst Ratings

    Consensus
    Buy
    Analysts
    3
    Strong Buy
    0
    Buy
    3
    Hold
    0
    Sell
    0
    Strong Sell
    0

    TXO Bull Case vs Bear Case

    Bull case

    • TXO grew quarterly revenue 67.9% year over year.

    Bear case

    • TXO has a -9.2% net profit margin.
    • TXO beat EPS estimates in 25.0% of its last 8 reported quarters.

    TXO Earnings: Beat Rate and Next Report

    Beat rate
    2 of 8 quarters (25.0%)
    Average surprise
    -234.4%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.16
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    1 up, 0 down

    TXO Dividend

    Forward yield
    11.3%
    Payout ratio
    332.7%
    Pay months
    Mar, May, Aug, Nov
    TXO dividend history

    Frequently Asked Questions About TXO

    What is TXO's current dividend yield?

    MorningStar Partners, L.P. (TXO) has a forward dividend yield of 11.29%.

    Does TXO pay dividends?

    Yes, MorningStar Partners, L.P. pays dividends with a forward dividend yield of 11.29%.

    What is TXO's P/E ratio?

    MorningStar Partners, L.P. has a price-to-earnings (P/E) ratio of 30.15.

    What is TXO's market cap?

    MorningStar Partners, L.P. (TXO) has a market capitalization of $790.11M with a current stock price of $14.17.

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