TXO — what changed in the latest 10-Q
A section-by-section comparison of TXO's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-03 vs the prior 10-Q · 2026-08-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +41 | −33 | ~25 | 41 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~4 | 5 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-03
Oil and condensate including the effects of realized derivatives (per Bbl) (4)
Natural gas liquids including the effects of realized derivatives (per Bbl) (4)
Natural gas including the effects of realized derivatives (per Mcf) (4)
Oil and condensate prices include both realized gains and losses and unrealized losses from derivatives. Unrealized losses were $39.4 million for the three months ended September 30, 2026 and unrealized gains were $0.3 million for the three months ended September 30, 2025. Realized losses were $22.4…
Natural gas liquids prices include unrealized gains and losses from derivatives. Unrealized losses were $14.0 thousand for the three months ended September 30, 2026 and unrealized gains were $15.0 thousand for the three months ended September 30, 2025.
Text removed vs the prior filing · source: 10-Q · 2026-08-04
our ability to integrate the acquired assets and realize the anticipated benefits of the WRE Acquisition, including, among other things, operating efficiencies, revenue synergies and other cost savings;
Oil and condensate prices include both realized gains and losses and unrealized gains from derivatives. Unrealized gains were $41.9 million for the three months ended June 30, 2026 and $3.3 million for the three months ended June 30, 2025. Realized losses were $28.5 million for the three months ende…
Natural gas liquids prices include both realized gains and unrealized gains and losses from derivatives. Unrealized gains were $16.0 thousand for the three months ended June 30, 2026 and $12.0 thousand for the three months ended June 30, 2025. There were no realized gains for the three months ended …
Natural gas prices include both realized gains and unrealized gains and losses from derivatives. Unrealized losses were $2.3 million for the three months ended June 30, 2026 and unrealized gains were $4.1 million for the three months ended June 30, 2025. Realized gains were $5.3 million for the thre…
Revenues increased $61.0 million, or 68%, from $89.9 million for the three months ended June 30, 2025 to $150.9 million for the three months ended June 30, 2026. Revenue increased $32.0 million due to an increase in production of 228 MBoe primarily as a result of the acquisition of producing assets …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice