MorningStar Partners, L.P. (TXO) - Total Assets
Based on the latest financial reports, MorningStar Partners, L.P. (TXO) holds total assets worth $1.32 Billion USD as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore TXO operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
MorningStar Partners, L.P. - Total Assets Trend (2020–2025)
This chart illustrates how MorningStar Partners, L.P.'s total assets have evolved over time, based on quarterly financial data. See TXO book value for net asset value and shareholders' equity analysis.
MorningStar Partners, L.P. - Asset Composition Analysis
Current Asset Composition (December 2025)
MorningStar Partners, L.P.'s total assets of $1.32 Billion consist of 7.0% current assets and 93.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $9.37 Million | 0.7% |
| Accounts Receivable | $52.39 Million | 3.9% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $1.24 Billion | 91.6% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2020–2025)
This chart illustrates how MorningStar Partners, L.P.'s asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see MorningStar Partners, L.P. market cap and net worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: MorningStar Partners, L.P.'s current assets represent 7.0% of total assets in 2025, an increase from 6.6% in 2020.
- Cash Position: Cash and equivalents constituted 0.7% of total assets in 2025, down from 3.5% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is property, plant & equipment at 91.6% of total assets.
MorningStar Partners, L.P. Competitors by Total Assets
Key competitors of MorningStar Partners, L.P. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Whitecap Resources Inc.
TO:WCP
|
Canada | CA$19.67 Billion |
|
ARC Resources Ltd.
TO:ARX
|
Canada | CA$14.18 Billion |
|
Var Energi ASA
OL:VAR
|
Norway | Nkr265.88 Billion |
|
SM Energy Co
NYSE:SM
|
USA | $19.14 Billion |
|
Tamarack Valley Energy Ltd
TO:TVE
|
Canada | CA$3.47 Billion |
|
Magnolia Oil & Gas Corp
NYSE:MGY
|
USA | $2.92 Billion |
|
HARBOUR ENE.SP.ADR LS-50
F:PQQ2
|
Germany | €29.09 Billion |
|
Gulfport Energy Operating Corp
NYSE:GPOR
|
USA | $3.08 Billion |
MorningStar Partners, L.P. - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.43 | 1.00 | 1.62 |
| Quick Ratio | 0.43 | 1.00 | 1.62 |
| Cash Ratio | 0.00 | 0.13 | 0.00 |
| Working Capital | $-119.77 Million | $-372.00K | $5.46 Million |
MorningStar Partners, L.P. - Advanced Valuation Insights
This section examines the relationship between MorningStar Partners, L.P.'s asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.25 |
| Latest Market Cap to Assets Ratio | 0.54 |
| Asset Growth Rate (YoY) | 31.4% |
| Total Assets | $1.35 Billion |
| Market Capitalization | $735.83 Million USD |
Valuation Analysis
Below Book Valuation: The market values MorningStar Partners, L.P.'s assets below their book value (0.54x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: MorningStar Partners, L.P.'s assets grew by 31.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for MorningStar Partners, L.P. (2020–2025)
The table below shows the annual total assets of MorningStar Partners, L.P. from 2020 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $1.35 Billion | +31.44% |
| 2024-12-31 | $1.03 Billion | +48.19% |
| 2023-12-31 | $695.61 Million | -24.77% |
| 2022-12-31 | $924.63 Million | +11.02% |
| 2021-12-31 | $832.82 Million | +33.48% |
| 2020-12-31 | $623.94 Million | -- |
About MorningStar Partners, L.P.
TXO Partners, L.P., an oil and natural gas company, focuses on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. Its acreage positions are concentrated in the Permian Basin of West Texas and New Mexico; the San Juan Basin of New Mexico and Colorado; and the Williston Basin of Montana and North Dakota. T… Read more