10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001559432-23-000023 |
| Period End Date | 20230331 |
| Filing Date | 20230509 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | txo-20230331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$9.20M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$7.25M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$52.30M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$31.78M | USD | Point-in-time |
| Derivative fair value |
DerivativeAssetsCurrent
|
$8.98M | USD | Point-in-time |
| Derivative fair value |
DerivativeAssetsCurrent
|
$1.24M | USD | Point-in-time |
| Other |
OtherAssetsCurrent
|
$14.22M | USD | Point-in-time |
| Other |
OtherAssetsCurrent
|
$11.28M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$74.03M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$62.23M | USD | Point-in-time |
| Proved properties |
ProvedOilAndGasPropertySuccessfulEffortMethod
|
$1.49B | USD | Point-in-time |
| Proved properties |
ProvedOilAndGasPropertySuccessfulEffortMethod
|
$1.48B | USD | Point-in-time |
| Unproved properties |
UnprovedOilAndGasPropertySuccessfulEffortMethod
|
$18.41M | USD | Point-in-time |
| Unproved properties |
UnprovedOilAndGasPropertySuccessfulEffortMethod
|
$18.46M | USD | Point-in-time |
| Other |
PropertyPlantAndEquipmentOther
|
$83.03M | USD | Point-in-time |
| Other |
PropertyPlantAndEquipmentOther
|
$82.21M | USD | Point-in-time |
| Total Property and Equipment |
PropertyPlantAndEquipmentGross
|
$1.59B | USD | Point-in-time |
| Total Property and Equipment |
PropertyPlantAndEquipmentGross
|
$1.58B | USD | Point-in-time |
| Accumulated depreciation, depletion and amortization |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$745.44M | USD | Point-in-time |
| Accumulated depreciation, depletion and amortization |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$756.38M | USD | Point-in-time |
| Net Property and Equipment |
PropertyPlantAndEquipmentNet
|
$836.40M | USD | Point-in-time |
| Net Property and Equipment |
PropertyPlantAndEquipmentNet
|
$834.52M | USD | Point-in-time |
| Note receivable from related party |
NotesReceivableRelatedPartiesNoncurrent
|
$7.13M | USD | Point-in-time |
| Note receivable from related party |
NotesReceivableRelatedPartiesNoncurrent
|
$7.13M | USD | Point-in-time |
| Derivative fair value |
DerivativeAssetsNoncurrent
|
$426.00K | USD | Point-in-time |
| Derivative fair value |
DerivativeAssetsNoncurrent
|
$290.00K | USD | Point-in-time |
| Other |
OtherAssetsMiscellaneousNoncurrent
|
$2.74M | USD | Point-in-time |
| Other |
OtherAssetsMiscellaneousNoncurrent
|
$6.78M | USD | Point-in-time |
| Total Other Assets |
OtherAssetsNoncurrent
|
$14.20M | USD | Point-in-time |
| Total Other Assets |
OtherAssetsNoncurrent
|
$10.30M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$907.05M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$924.63M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$14.69M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$15.22M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$34.13M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$27.95M | USD | Point-in-time |
| Derivative fair value |
DerivativeLiabilitiesCurrent
|
$16.69M | USD | Point-in-time |
| Derivative fair value |
DerivativeLiabilitiesCurrent
|
$95.37M | USD | Point-in-time |
| Asset retirement obligation, current portion |
AssetRetirementObligationCurrent
|
$2.50M | USD | Point-in-time |
| Asset retirement obligation, current portion |
AssetRetirementObligationCurrent
|
$2.50M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$779.00K | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$779.00K | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$147.46M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$63.14M | USD | Point-in-time |
| Long-term Debt |
LongTermDebt
|
$7.10M | USD | Point-in-time |
| Long-term Debt |
LongTermDebt
|
$120.10M | USD | Point-in-time |
| Asset retirement obligation |
AssetRetirementObligationsNoncurrent
|
$125.89M | USD | Point-in-time |
| Asset retirement obligation |
AssetRetirementObligationsNoncurrent
|
$123.96M | USD | Point-in-time |
| Derivative fair value |
DerivativeLiabilitiesNoncurrent
|
$10.40M | USD | Point-in-time |
| Derivative fair value |
DerivativeLiabilitiesNoncurrent
|
$1.47M | USD | Point-in-time |
| Other liabilities |
OtherSundryLiabilitiesNoncurrent
|
$929.00K | USD | Point-in-time |
| Other liabilities |
OtherSundryLiabilitiesNoncurrent
|
$1.17M | USD | Point-in-time |
| Total Other Liabilities |
OtherLiabilitiesNoncurrent
|
$135.53M | USD | Point-in-time |
| Total Other Liabilities |
OtherLiabilitiesNoncurrent
|
$128.29M | USD | Point-in-time |
| Commitments and Contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and Contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Partners capital |
PartnersCapital
|
$475.78M | USD | Point-in-time |
| Partners capital |
PartnersCapital
|
$521.54M | USD | Point-in-time |
| Partners capital |
PartnersCapital
|
$541.36M | USD | Point-in-time |
| Partners capital |
PartnersCapital
|
$708.52M | USD | Point-in-time |
| TOTAL LIABILITIES AND PARTNERS CAPITAL |
LiabilitiesAndStockholdersEquity
|
$907.05M | USD | Point-in-time |
| TOTAL LIABILITIES AND PARTNERS CAPITAL |
LiabilitiesAndStockholdersEquity
|
$924.63M | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total Revenues |
Revenues
|
$158.40M | USD | 1 Quarter |
| Total Revenues |
Revenues
|
$-9.54M | USD | 1 Quarter |
| Production |
ProductionExpense
|
$35.32M | USD | 1 Quarter |
| Production |
ProductionExpense
|
$25.03M | USD | 1 Quarter |
| Exploration |
ExplorationExpense
|
$87.00K | USD | 1 Quarter |
| Exploration |
ExplorationExpense
|
$67.00K | USD | 1 Quarter |
| Taxes, transportation and other |
TaxesTransportationAndOtherExpense
|
$23.49M | USD | 1 Quarter |
| Taxes, transportation and other |
TaxesTransportationAndOtherExpense
|
$28.90M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$10.94M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$9.78M | USD | 1 Quarter |
| Accretion of discount in asset retirement obligation |
AssetRetirementObligationAccretionExpense
|
$1.48M | USD | 1 Quarter |
| Accretion of discount in asset retirement obligation |
AssetRetirementObligationAccretionExpense
|
$2.12M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$396.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$2.22M | USD | 1 Quarter |
| Total Expenses |
OperatingExpenses
|
$79.57M | USD | 1 Quarter |
| Total Expenses |
OperatingExpenses
|
$60.25M | USD | 1 Quarter |
| OPERATING INCOME (LOSS) |
OperatingIncomeLoss
|
$-69.79M | USD | 1 Quarter |
| OPERATING INCOME (LOSS) |
OperatingIncomeLoss
|
$78.83M | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
$5.87M | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
$6.31M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$107.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$6.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$1.67M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$1.44M | USD | 1 Quarter |
| Total Other Income |
NonoperatingIncomeExpense
|
$4.98M | USD | 1 Quarter |
| Total Other Income |
NonoperatingIncomeExpense
|
$4.21M | USD | 1 Quarter |
| NET INCOME (LOSS) |
NetIncomeLoss
|
$-65.58M | USD | 1 Quarter |
| NET INCOME (LOSS) |
NetIncomeLoss
|
$83.81M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$-2.62 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$2.91 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$-2.62 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$2.86 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
28.78M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
25.00M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
25.00M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
29.33M | shares | 1 Quarter |
Cash Flow Statement
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
NetIncomeLoss
|
$-65.58M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$83.81M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$14.74M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-20.53M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$1.33M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$2.95M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$10.94M | USD | 1 Quarter |
| Aid-in-construction |
IncreaseDecreaseInAidOfConstruction
|
- | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$9.78M | USD | 1 Quarter |
| Aid-in-construction |
IncreaseDecreaseInAidOfConstruction
|
$238.00K | USD | 1 Quarter |
| Accretion of discount in asset retirement obligation |
AssetRetirementObligationAccretionExpense
|
$1.48M | USD | 1 Quarter |
| Accretion of discount in asset retirement obligation |
AssetRetirementObligationAccretionExpense
|
$2.12M | USD | 1 Quarter |
| Current liabilities |
IncreaseDecreaseInCurrentLiabilities
|
$7.39M | USD | 1 Quarter |
| Current liabilities |
IncreaseDecreaseInCurrentLiabilities
|
$-2.31M | USD | 1 Quarter |
| Other operating liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-307.00K | USD | 1 Quarter |
| Derivative fair value (gain) loss |
DerivativeGainLossOnDerivativeNet
|
$-106.52M | USD | 1 Quarter |
| Other operating liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-98.00K | USD | 1 Quarter |
| Derivative fair value (gain) loss |
DerivativeGainLossOnDerivativeNet
|
$15.06M | USD | 1 Quarter |
| Net cash paid to counterparties |
PaymentsForDerivativeInstrumentsOperatingActivities
|
$15.16M | USD | 1 Quarter |
| Changes in operating assets and liabilities |
IncreaseDecreaseInOperatingCapital
|
$-14.96M | USD | 1 Quarter |
| Changes in operating assets and liabilities |
IncreaseDecreaseInOperatingCapital
|
$8.53M | USD | 1 Quarter |
| Net cash paid to counterparties |
PaymentsForDerivativeInstrumentsOperatingActivities
|
$80.44M | USD | 1 Quarter |
| Non-cash incentive compensation |
ShareBasedCompensation
|
$639.00K | USD | 1 Quarter |
| Non-cash incentive compensation |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Other non-cash items |
OtherNoncashIncomeExpense
|
$-168.00K | USD | 1 Quarter |
| Other non-cash items |
OtherNoncashIncomeExpense
|
$-180.00K | USD | 1 Quarter |
| Changes in operating assets and liabilities |
IncreaseDecreaseInOperatingCapital
|
$-14.96M | USD | 1 Quarter |
| Changes in operating assets and liabilities |
IncreaseDecreaseInOperatingCapital
|
$8.53M | USD | 1 Quarter |
| Cash Provided by Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$28.66M | USD | 1 Quarter |
| Cash Provided by Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$17.15M | USD | 1 Quarter |
| Proved property acquisitions |
PaymentsToAcquireProvedOilAndGasProperty
|
$3.75M | USD | 1 Quarter |
| Proved property acquisitions |
PaymentsToAcquireProvedOilAndGasProperty
|
$232.00K | USD | 1 Quarter |
| Development costs |
PaymentsToExploreAndDevelopOilAndGasProperties
|
$696.00K | USD | 1 Quarter |
| Development costs |
PaymentsToExploreAndDevelopOilAndGasProperties
|
$11.28M | USD | 1 Quarter |
| Unproved property acquisitions |
PaymentsToAcquireUnprovedOilAndGasProperty
|
$38.00K | USD | 1 Quarter |
| Unproved property acquisitions |
PaymentsToAcquireUnprovedOilAndGasProperty
|
$53.00K | USD | 1 Quarter |
| Other property and asset additions |
PaymentsToAcquireOtherProductiveAssets
|
$1.30M | USD | 1 Quarter |
| Other property and asset additions |
PaymentsToAcquireOtherProductiveAssets
|
$818.00K | USD | 1 Quarter |
| Cash Used by Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.79M | USD | 1 Quarter |
| Cash Used by Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-12.38M | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$37.00M | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$415.00M | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$430.00M | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$150.00M | USD | 1 Quarter |
| Net proceeds from initial public offering |
ProceedsFromIssuanceInitialPublicOffering
|
- | USD | 1 Quarter |
| Net proceeds from initial public offering |
ProceedsFromIssuanceInitialPublicOffering
|
$106.28M | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$1.00K | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$64.00K | USD | 1 Quarter |
| Cash Used by Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$-15.06M | USD | 1 Quarter |
| Cash Used by Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$-6.72M | USD | 1 Quarter |
| (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-1.96M | USD | 1 Quarter |
| (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$7.81M | USD | 1 Quarter |
| Cash and Cash Equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$9.20M | USD | Point-in-time |
| Cash and Cash Equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$15.36M | USD | Point-in-time |
| Cash and Cash Equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$7.55M | USD | Point-in-time |
| Cash and Cash Equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$7.25M | USD | Point-in-time |
| Cash and Cash Equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$9.20M | USD | Point-in-time |
| Cash and Cash Equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$15.36M | USD | Point-in-time |
| Cash and Cash Equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$7.55M | USD | Point-in-time |
| Cash and Cash Equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$7.25M | USD | Point-in-time |
Stockholders Equity
13 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance at beginning of period |
PartnersCapital
|
$475.78M | USD | Point-in-time |
| Balance at beginning of period |
PartnersCapital
|
$521.54M | USD | Point-in-time |
| Balance at beginning of period |
PartnersCapital
|
$541.36M | USD | Point-in-time |
| Balance at beginning of period |
PartnersCapital
|
$708.52M | USD | Point-in-time |
| Net income (loss) |
NetIncomeLoss
|
$-65.58M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$83.81M | USD | 1 Quarter |
| Net proceeds from initial public offering |
PartnersCapitalAccountPublicSaleOfUnits
|
$102.54M | USD | 1 Quarter |
| Expensing of unit awards |
PartnersCapitalAccountUnitBasedCompensation
|
$639.00K | USD | 1 Quarter |
| Conversion of Series 5 preferred to Common equity |
PartnersCapitalAccountExchangesAndConversions
|
- | USD | 1 Quarter |
| Balance at end of period |
PartnersCapital
|
$475.78M | USD | Point-in-time |
| Balance at end of period |
PartnersCapital
|
$521.54M | USD | Point-in-time |
| Balance at end of period |
PartnersCapital
|
$541.36M | USD | Point-in-time |
| Balance at end of period |
PartnersCapital
|
$708.52M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.