StockData
TXO Partners, L.P. logo

TXO Partners, L.P. (TXO) company profile

TXONYSECrude Petroleum & Natural GasFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 3, 2026Score 4/30
$13.36−0.65 (-4.64%)

Close on Nov 13, 2026Market cap $740.76MP/E –Yield –

About TXO Partners, L.P.

Crude Petroleum & Natural Gas, SIC 1311

TXO Partners, L.P. is an energy company that acquires, develops, and operates conventional oil and natural gas properties. The partnership focuses on the production and sale of crude oil, natural gas, and natural gas liquids, and it also operates carbon dioxide processing infrastructure. Its activities center on enhancing recovery and optimizing output from producing wells. The partnership sells its extracted oil, natural gas, and liquid products to commercial purchasers in the energy sector.

The company's assets and operational activities are located in the United States, with positions concentrated in the Permian Basin of Texas and New Mexico, the San Juan Basin of New Mexico and Colorado, and the Williston Basin of Montana and North Dakota. The partnership manages approximately 1.3 million gross leasehold and mineral acres, encompassing an estimated 129 million barrels of oil equivalent in proved reserves. Average daily output totals more than 28,000 barrels of oil equivalent. The firm is headquartered in Fort Worth, Texas.

Summary of the business section of TXO Partners, L.P.'s latest annual report, written by StockData.

Company profile

Company

Legal name
TXO Partners, L.P.
Headquarters
Fort Worth, TX
Address
400 West 7th Street 76102
Phone
(817) 334-7800
Employees
231, Dec 31, 2025
Industry
Crude Petroleum & Natural Gas
Incorporated in
X1
Fiscal year ends
December 31
Auditor
KPMG LLP, Fort Worth, TX

Stock & identifiers

Ticker
TXO
Exchange
NYSE
IPO date
Jan 27, 2023
Shares outstanding
55M, Aug 4, 2026
Public float
$571.80M, Jun 30, 2025
Filer category
Accelerated filer<br>Emerging growth company
SEC CIK
1559432
CUSIP
87313P103
ISIN
US87313P1030
FIGI
BBG004DFHP54
Share class FIGI
BBG004DFHP63
LEI
KWQMGYEOMKX7BT2PZF05
EIN
32-0368858

Executives and directors

Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years

NamePositionShares owned
Gary D. SimpsonCo-Chief Executive Officer, Director581,018
Brent W. ClumCo-CEO and CFO, Director1,079,746
Scott T. AgostaChief Accounting Officer253,516
Bob R. SimpsonDirector13,923,110
Phillip R. KevilDirector43,411
William H. Adams IiiDirector183,235
Keith A. HuttonDirector7,042,430
Luther King JrDirector3,822,907
Rick Jacob SettleDirector49,099
Lawrence S. MassaroDirector34,567

IPO

From the final prospectus (Form 424B4) and the first day of trading

Offering

Type
Initial public offering
Final prospectus filed
Jan 27, 2023
Offer price
$20.00
Exchange
NYSE
First trading day
Jan 27, 2023
First-day close
$22.00+10.0%
Lock-up ends (est.)
Jul 26, 2023

“PRICE $20.00 PER COMMON UNIT Per Common Unit Total Public offering price $ 20.00 $ 100,000,000 Underwriting discount(1) $ 1.40 $ 7,000,000 Proceeds, before expenses $ 18.60 $ 93,000,000 (1) Includes an aggregate structuring fee equal to 0.75% of the gross proceeds of this offering payable to Raymond James & Associates, Inc.”

Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.

Employees

Headcount reported in annual reports

“As of December 31, 2025, we had 231 total employees, 224 of which were full-time employees.”

Corporate history

Events identified from SEC filings

DateEventDetails
May 28, 2026Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Aug 5, 2025Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
May 22, 2025ListingRegistration of securities on an exchange (Form 8-A)
Aug 30, 2024Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
May 9, 2023Name changeName changed from TXO Energy Partners, L.P. to TXO Partners, L.P.
Jan 27, 2023Name changeName changed from MorningStar Partners, L.P. to TXO Energy Partners, L.P.
Jan 27, 2023IPOInitial public offering priced (424B4 prospectus)
Jan 26, 2023ListingRegistration of securities on an exchange (Form 8-A)

See a number that looks wrong?