TXO (TXO Partners LP) Intangible Assets : $0.0 Mil (As of Sep. 2024)

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What is TXO Partners LP Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. TXO Partners LP's intangible assets for the quarter that ended in Sep. 2024 was $0.0 Mil.

TXO Partners LP Intangible Assets Historical Data

The historical data trend for TXO Partners LP's Intangible Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TXO Partners LP Intangible Assets Chart

TXO Partners LP Annual Data

Trend

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Intangible Assets

TXO Partners LP Quarterly Data
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TXO Partners LP Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

TXO Partners LP (NYSE:TXO) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

TXO Partners LP Intangible Assets Related Terms

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TXO Partners LP Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

400 West 7th Street, Fort Worth, TX, USA, 76102

Website

https://www.txopartners.com

TXO Partners LP is focused on the acquisition, development, optimization and exploitation of oil, natural gas, and natural gas liquid reserves in North America.

Executives

Bob R Simpson	director, 10 percent owner, officer: See Remarks, other: See Remarks	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Keith A Hutton	director, 10 percent owner, officer: See Remarks, other: See Remarks	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Global Endowment Management, Lp	10 percent owner	224 W TREMONT AVE, CHARLOTTE NC 28203
Brent W. Clum	director, officer: See Remarks, other: See Remarks	C/O MORNINGSTAR PARTNERS, L.P., 400 W. 7TH STREET, FORT WORTH TX 76102
Phillip R Kevil	director, other: See Remarks	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
King Luther Capital Management Corp	10 percent owner	301 COMMERCE SUITE 1600, FORT WORTH TX 76102
Adams William H Iii	director, other: See Remarks	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Lkcm Investment Partnership, L.p.	10 percent owner	301 COMMERCE STREET, SUITE 1600, FORT WORTH TX 76102
Lkcm Private Discipline Master Fund, Spc	10 percent owner	PO BOX 309GT, UGLAND HOUSE, SOUTH CHURCH STREET, GRAND CAYMAN E9 00000
King J Luther Jr	director, 10 percent owner, other: See Remarks	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Scott T. Agosta	officer: See Remarks, other: See Remarks	C/O MORNINGSTAR PARTNERS, L.P., 400 W. 7TH STREET, FORT WORTH TX 76102
Richard Jacob Settle	director, other: See Remarks	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102