TXO Partners, L.P. (NYSE: TXO) director reports 2,000-unit insider buy Form 4

Rhea-AI Filing Summary

TXO Partners, L.P. director reported buying 2,000 common units on December 11, 2025 at $11.90 per unit. The transaction was reported on a Form 4 as an acquisition coded P.

After this trade, the director beneficially owns 29,384 common units directly and 1,360 common units indirectly through a spouse, reflecting both personal and family holdings in TXO.

Insider Trade Summary

Net Buyer: 2,000 shares ($23,800)

Net Buy 2 txns

Insider KEVIL PHILLIP R

Role Director

Bought 2,000 shs ($24K)

Type	Security	Shares	Price	Value
Purchase	Common Units	2,000	$11.90	$24K
holding	Common Units	--	--	--

Holdings After Transaction: Common Units — 29,384 shares (Direct); Common Units — 1,360 shares (Indirect, By Spouse)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KEVIL PHILLIP R

(Last) (First) (Middle)

400 W. 7TH STREET

(Street)

FORT WORTH TX 76102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TXO Partners, L.P. [ TXO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Units	12/11/2025		P		2,000	A	$11.9	29,384	D
Common Units								1,360	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

The Reporting Person is a Director of TXO GP, LLC, the general partner of the Issuer (the "General Partner"). This Issuer is managed by the directors of the General Partner.

	/s/ Brent W. Clum, Attorney-in-fact	12/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did TXO Partners (TXO) disclose in this Form 4?

A TXO Partners, L.P. director reported acquiring 2,000 common units on December 11, 2025 at a price of $11.90 per unit.

How many TXO Partners (TXO) units does the director own after the transaction?

Following the reported trade, the director beneficially owns 29,384 common units directly and 1,360 common units indirectly through a spouse.

What type of security was involved in the TXO Partners (TXO) insider trade?

The transaction involved common units of TXO Partners, L.P., reported in the non-derivative securities table of the Form 4.

When did the TXO Partners (TXO) insider transaction occur?

The earliest transaction date disclosed is December 11, 2025, which is also the date of the 2,000-unit purchase.

What is the reporting person’s relationship to TXO Partners (TXO)?

The reporting person is a director of TXO GP, LLC, which is the general partner of TXO Partners, L.P. The issuer is managed by the directors of this general partner.

Is any of the TXO Partners (TXO) ownership held indirectly?

Yes. In addition to direct holdings, 1,360 common units are reported as owned indirectly by the director’s spouse.