Loading institutional data...
Loading institutional data...
Insufficient data to determine institutional momentum.
Data as of Q3 2026
Loading snapshot...
Loading financials...
Loading valuation...
Loading analysis...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Loading insider activity...
Loading ownership map...
Loading crowding analysis...
Loading conviction analysis...
Loading buy/sell flow...
Loading ownership trends...
Loading top holders...
Loading top holders...
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Ranked against 19 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TALO | $3.0B | — | 7.9× | 1.7× | -9.8% | — | -27.8% | -22.8% | -14.6% | 1.7× | 66 |
| NOG | $3.0B | 72.0× | — | 1.2× | 11.2% | 80.9% | 1.6% | 1.8% | 0.9% | — | 69 |
| GPOR | $2.9B | 7.7× | 4.1× | 2.1× | 48.5% | 74.8% | 30.1% | 23.3% | 16.3% | 0.9× | 52 |
| BKV | $2.3B | 10.3× | 6.4× | 2.0× | 9.9% | — | 15.7% | 9.0% | 5.7% | 1.8× | 20 |
| AESI | $1.2B | — | 11.8× | 1.1× | 3.7% | 13.8% | -4.6% | -4.2% | -2.8% | 3.9× | 52 |
| REPX | $1.1B | 6.9× | 6.0× | 2.9× | -4.4% | — | 41.0% | 25.4% | 18.2% | 1.0× | 29 |
| DEC | $1.0B | 3.2× | 4.2× | 0.6× | 142% | — | 18.6% | 34.7% | 8.7% | 3.1× | 26 |
| TTI | $893M | 301.5× | 10.8× | 1.4× | 5.3% | 24.7% | 0.5% | 1.1% | 0.7% | 1.1× | 32 |
| TXO | $799M | — | 16.4× | 2.0× | 41.8% | — | -5.4% | — | — | 4.3× | 10 |
| VTS | $770M | 28.6× | — | 2.8× | 13.2% | — | 9.2% | 4.0% | 4.0% | — | 57 |
| GRNT | $766M | 32.3× | — | 1.7× | 18.5% | — | 5.4% | 4.0% | 2.5% | — | 25 |
| SD | $545M | 7.7× | 4.2× | 3.5× | 24.8% | — | 44.9% | 13.7% | 13.7% | -1.1× | 29 |
| GTE | $409M | — | — | 0.7× | -4.0% | 55.5% | -32.4% | -84.4% | -20.9% | — | 5 |
| REI | $367M | — | 5.9× | 1.2× | -16.1% | — | -11.3% | -4.1% | -4.1% | -0.0× | 28 |
| PNRG | $360M | 20.9× | — | 1.9× | -20.5% | 96.7% | 13.9% | 12.2% | 12.2% | — | 18 |
| INR | $271M | 16.4× | 2.3× | 0.8× | 37.6% | — | 3.9% | 4.5% | 4.5% | -0.0× | 24 |
| BDCO | $184M | — | 135.9× | 0.7× | -12.0% | 3.1% | -2.0% | -20.5% | -20.5% | -0.8× | — |
| AMPY | $182M | 4.3× | 1.1× | 0.7× | -10.6% | 93.2% | 16.7% | 9.6% | 9.6% | -0.6× | 23 |
| EPM | $156M | — | 5.7× | 1.8× | 0.6% | 41.7% | -2.8% | -4.0% | -4.0% | -0.2× | 20 |
| ANNA | $101M | 61.5× | 11.8× | 4.0× | — | — | 11.5% | 4.9% | 4.9% | -5.5× | 1 |
Peers = companies sharing TXO's sector (Crude Petroleum & Natural Gas) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $118.2M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
EOD close · as of 2026-10-29
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $401.0M 100.0% | $282.8M 100.0% | $380.7M 100.0% | $246.4M 100.0% | $228.3M 100.0% |
| Selling, General & Admin | $21.5M 5.4% | $14.5M 5.1% | $7.9M 2.1% | $1.6M 0.7% | $12.2M 5.3% |
| Total Operating Expenses | $431.6M 107.6% | $289.7M 102.4% | $504.5M 132.5% | $272.1M 110.4% | $184.2M 80.6% |
| Operating Income | -$30.6M -7.6% | -$6.9M -2.4% | -$123.8M -32.5% | -$25.7M -10.4% | $44.2M 19.4% |
| Interest Expense | $17.0M 4.2% | $7.9M 2.8% | $4.4M 1.2% | $8.2M 3.3% | $5.9M 2.6% |
| Interest & Investment Income | $618K 0.2% | $1.1M 0.4% | $461K 0.1% | $143K 0.1% | $16K 0.0% |
| Other Income (Expense), net | $9.0M 2.2% | $30.4M 10.7% | $19.8M 5.2% | $18.0M 7.3% | $8.3M 3.6% |
| Net Income | -$21.6M -5.4% | $23.5M 8.3% | -$104.0M -27.3% | -$7.7M -3.1% | $52.5M 23.0% |
| Per Share | |||||
| EPS (Basic) | -$0.43 | $0.66 | -$3.44 | -$0.31 | $2.10 |
| EPS (Diluted) | -$0.43 | $0.65 | -$3.44 | -$0.31 | $2.10 |
| Weighted Avg Shares (Basic) | 49.8M | 35.6M | 30.3M | 25.0M | 25.0M |
| Weighted Avg Shares (Diluted) | 49.8M | 36.1M | 30.3M | 25.0M | 25.0M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 3 positive fiscal years (FY2023, FY2024, FY2025). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $14.13 today, the market must believe free cash flow compounds -1.2%/yr for a decade (off $101.5M on the 3-yr avg basis).
On the basis ($92.9M) the requirement is 0.0%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's -1.2% is more conservative than its 4-yr track record.
Default is 10.0% — this company's computed cost of capital (published default — this company's cost of capital could not be computed), the same rate the Analysis tab discounts at.
2-stage DCF · 0.06B shares (market data) · net debt $281.7M
mean 22.8% · volatility σ 54% · implied rate exceeded in 3/4 yrs
Central path = implied -1.2%/yr growth; shaded band = ±1σ (54%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~5.8% on $291.1M of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Top 13 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-10-29
Where each multiple sits in its own 3-yr range · 100th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 3-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROIC is not available for this period, so the share of ROE attributable to leverage cannot be separated out.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 8.3× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| SG&A | 5.3 | 0.7 | 2.1 | 5.1 | 5.4 |
| Operating Income | 19.4 | -10.4 | -32.5 | -2.4 | -7.6 |
| Net Income | 23.0 | -3.1 | -27.3 | 8.3 | -5.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on TXO: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
No positive operating income in the last three years, so there is no return on capital to compare against its cost.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2021 | not reported | 19.4% | 23.0% |
| FY2022 | not reported | -10.4% | -3.1% |
| FY2023 | not reported | -32.5% | -27.3% |
| FY2024 | not reported | -2.4% | 8.3% |
| FY2025 | not reported | -7.6% | -5.4% |
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: tax_rate.
Fewer than three profitable years with a cash flow statement, so cash conversion cannot be judged.
No material counter-signal in the checked set: FCF / net income over 3 and 5 years, Sloan accruals, SBC as a share of revenue, SBC as a share of operating cash flow, SBC-adjusted free cash flow, free cash flow per diluted share, buybacks against SBC issued, capex vs depreciation, free cash flow against revenue, share count since the first year on file, cash conversion cycle (DSO, DIO, DPO), receivables growth against revenue growth.
Missing from our data, so excluded from this answer: 3 years of cash flow.
Stressed coverage falls to -1.3x — below the level at which interest is reliably covered.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | -1.80x |
| 5% | -1.71x |
| 10% | -1.62x |
| 15% | -1.53x |
| 20% | -1.44x |
| 25% | -1.35x |
| 30% | -1.26x |
| 35% | -1.17x |
| 40% | -1.08x |
| 45% | -0.99x |
| 50% | -0.90x |
| 55% | -0.81x |
| 60% | -0.72x |
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Net debt is 4.3x EBITDA, so coverage today depends on earnings holding up rather than on the balance sheet.
At $14.46, free cash flow must compound -0.98%/yr for 10 years. It has done 12.52%/yr over 4 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2022 | 85.0% | −1.0% |
| FY2023 | −43.4% | −1.0% |
| FY2024 | 41.7% | −1.0% |
| FY2025 | 8.1% | −1.0% |
The percentile ranks the FISCAL-YEAR point, because the distribution behind each strip is built from fiscal-year closes — ranking a TTM figure inside it would compare two different bases. TTM basis: TTM (share count from the last fiscal year — the TTM window reports none).
The cost of capital could not be computed for this company, so the requirement is solved at the published 10% default — a different rate would move it materially.
Last reported position per insider, carried forward. Steps can be a holding disclosed for the first time rather than a trade.
| Date | Insider | What it was | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-08-13 | 2 co-filers Group filing | Open-market buy | 125,000 | $14.32 | $1.8m |
| 2026-08-12 | 2 co-filers Group filing | Open-market buy | 25,000 | $14.43 | $361k |
| 2026-08-11 | 3 co-filers Group filing | Open-market buy | 100,000 | $14.27 | $1.4m |
| 2026-08-10 | 3 co-filers Group filing |
Every row is classified by what it MEANT, not by its SEC code. A code is not a meaning: code P (“purchase”) also covers dividend reinvestment and employee stock purchase plans, and code S (“sale”) also covers 10b5-1 plan sales scheduled months earlier and option exercises sold the same day.
Across 30 days of all filings, $5.08bn of insider selling contained $3.50bn of plan sales and $0.46bn of exercise-and-sell. Only 29% was discretionary. Reading an unclassified feed badly overstates how much insiders decided.
Buys and sales are counted separately and never netted. They are different decisions by different people; a company where one officer bought while another sold is not “neutral”.
The holding line carries each insider's last reported position forward, so it shows the total held rather than a sawtooth of whoever traded that day. It covers only insiders who filed in the window.
“Filed late” counts calendar days past the two-business-day deadline with five days' grace, so a Thursday or Friday trade crossing a weekend is never flagged. It describes the company's filing discipline, not the trade.
Insider activity is descriptive. Nothing here is investment advice.
| 50,000 |
| $14.17 |
| $708k |
| 2026-08-07 | 3 co-filers Group filing | Open-market buy | 100,000 | $13.52 | $1.4m |
| 2026-06-23 | 2 co-filers Group filing | Open-market buy | 63,282 | $12.64 | $800k |
| 2026-06-22 | 2 co-filers Group filing | Open-market buy | 36,718 | $12.55 | $461k |
| 2026-06-03 | 2 co-filers Group filing | Open-market buy | 369,153 | $13.91 | $5.1m |
| 2026-06-02 | 2 co-filers Group filing | Open-market buy | 230,847 | $13.41 | $3.1m |
| 2026-05-27 | Simpson Bob R Director | Open-market buy | 65,592 | $13.20 | $866k |
| 2026-05-26 | 3 co-filers Group filing | Open-market buy | 34,408 | $13.27 | $456k |
| 2026-05-22 | 3 co-filers Group filing | Open-market buy | 104,451 | $13.77 | $1.4m |
| 2026-05-21 | 3 co-filers Group filing | Open-market buy | 245,549 | $13.70 | $3.4m |
| 2026-05-20 | 2 co-filers Group filing | Open-market buy | 90,152 | $13.35 | $1.2m |
| 2026-05-18 | 2 co-filers Group filing | Open-market buy | 58,251 | $13.17 | $767k |
| 2026-05-15 | 3 co-filers Group filing | Open-market buy | 151,597 | $12.95 | $2.0m |
| 2026-05-14 | 3 co-filers Group filing | Open-market buy | 64,475 | $13.02 | $839k |
| 2026-05-13 | 3 co-filers Group filing | Open-market buy | 85,525 | $12.98 | $1.1m |
| 2026-05-11 | 3 co-filers Group filing | Open-market buy | 500,000 | $12.67 | $6.3m |
| 2026-05-08 | Adams William H Iii Director | Open-market buy | 10,000 | $12.41 | $124k |
| 2026-05-08 | 3 co-filers Group filing | Open-market buy | 162,365 | $12.50 | $2.0m |
| 2026-05-07 | 3 co-filers Group filing | Open-market buy | 87,635 | $12.43 | $1.1m |
| 2026-04-01 | Clum Brent W. Co-CEO and CFO | 10b5-1 plan sale | 27,234 | $12.38 | $337k |
| 2026-04-01 | Simpson Gary D. Co-Chief Executive Officer | 10b5-1 plan sale | 27,234 | $12.38 | $337k |
| 2026-03-27 | Hutton Keith A Director | Gift | 720,000 | $0.00 | $0 |
| 2026-01-31 | 3 co-filers Co-CEO and CFO | Grant | 155,556 | $0.00 | $0 |
| 2026-01-31 | King Luther Jr Director | Grant6d late | 10,667 | $0.00 | $0 |
| 2026-01-31 | Settle Rick Jacob Director | Grant | 10,667 | $0.00 | $0 |
| 2026-01-31 | 3 co-filers Chief Accounting Officer | Grant | 35,556 | $0.00 | $0 |
| 2026-01-31 | Massaro Lawrence S Director | Grant | 10,667 | $0.00 | $0 |
| 2026-01-31 | 3 co-filers Co-Chief Executive Officer | Grant | 155,556 | $0.00 | $0 |
| 2026-01-31 | Kevil Phillip R Director | Grant | 10,667 | $0.00 | $0 |
| 2026-01-31 | Adams William H Iii Director | Grant | 10,667 | $0.00 | $0 |
| 2026-01-31 | 3 co-filers Co-CEO and CFO | Grant | 52,769 | $0.00 | $0 |
| 2026-01-31 | 3 co-filers Chief Accounting Officer | Grant | 21,109 | $0.00 | $0 |
| 2026-01-31 | 3 co-filers Co-Chief Executive Officer | Grant | 52,769 | $0.00 | $0 |
| 2026-01-31 | 3 co-filers Chief Accounting Officer | 10b5-1 plan sale | 10,689 | $12.07 | $129k |
| 2026-01-31 | 3 co-filers Co-Chief Executive Officer | 10b5-1 plan sale | 8,126 | $12.07 | $98k |
| 2026-01-31 | 3 co-filers Co-CEO and CFO | 10b5-1 plan sale | 19,571 | $12.07 | $236k |
| 2025-12-11 | Kevil Phillip R Director | Open-market buy | 2,000 | $11.90 | $24k |