MorningStar Partners, L.P.

MorningStar Partners, L.P.verified

TXO

Price:

$18.24

Market Cap:

$746.26M

TXO Energy Partners, L.P. engages in the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. As of July 31, 2022, it had working interest in the 850,009 gross acres located in the United States primarily in the San Juan Basin of New Mexico and Colorado, and the Permian Basin of West Texas and New Mexico. The company was founded in 2012 and is based in Fort Worth, Texas.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2023-01-27

Stock Exchange

NYSE

Ticker

TXO

The Current Ratio as of November 2024 (TTM) for MorningStar Partners, L.P. (TXO) is 1.02

According to MorningStar Partners, L.P.’s latest financial reports and current stock price. The company's current Current Ratio is 1.02. This represents a change of -42.22% compared to the average of 1.76 of the last 4 quarters.

MorningStar Partners, L.P. (TXO) Historical Current Ratio (quarterly & annually)

How has TXO Current Ratio performed in the past?

The mean historical Current Ratio of MorningStar Partners, L.P. over the last ten years is 1.43. The current 1.02 Current Ratio has changed 7.03% with respect to the historical average. Over the past ten years (40 quarters), TXO's Current Ratio was at its highest in in the June 2024 quarter at 3.26. The Current Ratio was at its lowest in in the December 2022 quarter at 0.50.

Quarterly (TTM)
Annual

Average

1.43

Median

1.51

Minimum

0.50

Maximum

2.18

MorningStar Partners, L.P. (TXO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of MorningStar Partners, L.P. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 181.06%

Maximum Annual Current Ratio = 2.18

Minimum Annual Increase = -68.99%

Minimum Annual Current Ratio = 0.50

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.41181.06%
20220.50-68.99%
20211.62-25.82%

MorningStar Partners, L.P. (TXO) Average Current Ratio

How has TXO Current Ratio performed in the past?

The current Current Ratio of MorningStar Partners, L.P. (TXO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.18

5-year avg

1.43

10-year avg

1.43

MorningStar Partners, L.P. (TXO) Current Ratio vs. Peers

How is TXO’s Current Ratio compared to its peers?

MorningStar Partners, L.P.’s Current Ratio is greater than PrimeEnergy Resources Corporation (0.54), greater than XXL Energy Corp. (0.01), greater than Coastal Caribbean Oils & Minerals, Ltd. (0.01), less than CKX Lands, Inc. (54.33), less than PermRock Royalty Trust (3.74), greater than Hugoton Royalty Trust (0), greater than MV Oil Trust (0), greater than San Juan Basin Royalty Trust (0), less than Sabine Royalty Trust (39.04), less than North European Oil Royalty Trust (1.57), greater than Permianville Royalty Trust (0), less than Cross Timbers Royalty Trust (2.63), less than Mesa Royalty Trust (182.09), less than Epsilon Energy Ltd. (2.02), less than Granite Ridge Resources, Inc (1.56), greater than SilverBow Resources, Inc. (0.63), greater than Gulfport Energy Corporation (0.68), greater than Earthstone Energy, Inc. (0.47), greater than Vital Energy, Inc. (0.67), greater than Comstock Resources, Inc. (0.60), less than Magnolia Oil & Gas Corporation (1.47), greater than Obsidian Energy Ltd. (0.45),

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