Welcome to our dedicated page for Txo Partners SEC filings (Ticker: TXO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
TXO Partners, L.P. filings document the reporting obligations of a publicly traded Delaware limited partnership engaged in oil and natural gas production. The company’s regulatory records cover quarterly distribution announcements, operating and financial results, investor-presentation disclosures furnished under Regulation FD, and periodic reports containing financial statements and related footnotes.
Material-event filings also describe credit-facility amendments, completed producing-asset acquisitions, acquired-business financial statement requirements, partnership capital-structure matters, shareholder voting items, and governance matters involving the board of directors of the general partner. The filings frame TXO’s disclosure around common units, cash distributions, producing properties, reserve-development strategy, financing arrangements, and risks associated with its energy-production partnership model.
TXO Partners, L.P. director and 10% owner Bob R. Simpson reported three open-market purchases of Common Units. He bought a total of 750,000 units between May 7 and May 11 at weighted average prices per unit between about $12.43 and $12.67. After these transactions, he directly owns 7,500,000 Common Units.
TXO Partners, L.P. reported a sharp swing to a net loss of $74.3 million for the three months ended March 31, 2026, compared with net income of $2.4 million a year earlier. Total revenues fell to $28.3 million from $84.3 million, driven largely by derivative losses of $91.3 million, including $75.6 million of unrealized hedge losses, even as production volumes rose 25% to 2.9 MMboe.
Cash generation remained solid, with cash provided by operating activities increasing to $33.4 million and Adjusted EBITDAX rising to $44.1 million. Cash available for distribution was essentially flat at $29.2 million, supporting a declared quarterly distribution of $0.36 per common unit.
TXO is reshaping its asset base through Cross Timbers Energy divestitures. Three sale agreements totaling about $200 million of gross consideration are expected to yield roughly $100 million in net proceeds to the partnership, of which two tranches have already closed for about $8.2 million and $30.8 million. Management plans to use part of these proceeds to fund the $70.0 million deferred payment on the 2025 White Rock Energy acquisition due July 31, 2026.
At quarter-end, TXO held total assets of $1.32 billion, long-term debt of $277.1 million (including $270.0 million drawn on its credit facility) and an asset retirement obligation of $225.0 million. The credit facility’s borrowing base is $410 million, leaving $140.0 million of availability, and the partnership states it was in compliance with all covenants and believes it has adequate liquidity for at least the next twelve months.
TXO Partners, L.P. declared a cash distribution of $0.36 per common unit for the quarter ended March 31, 2026. The distribution is payable on May 22, 2026 to unitholders of record as of the close of trading on May 15, 2026.
Management highlights strong first-quarter operations in the Williston Basin, with 2025 development performing above expectations and a 2026 capital plan of about $70 million, with more than 80% directed to Williston development. The partnership notes strong cost discipline, a full hedge position in 2026, and expects this cash generation to support a robust 2027 while remaining on track to close previously announced divestitures in the second quarter.
The company also posted an updated investor presentation and will file its Form 10-Q for the quarter ended March 31, 2026, making detailed financials available to investors.
TXO Partners, L.P. director and Co-CEO/CFO Brent W. Clum reported an open-market sale of 27,234 Common Units at $12.38 per unit. According to the footnote, the units were sold solely to satisfy tax withholding obligations upon vesting of equity awards under a pre-arranged Rule 10b5-1 plan and pursuant to a mandatory sell-to-cover policy, rather than a discretionary trade. After this transaction, he directly holds 800,340 Common Units.
TXO Partners, L.P. Co-Chief Executive Officer Gary D. Simpson reported the sale of 27,234 common units at $12.38 per unit. The units were sold on April 1, 2026 solely to satisfy tax withholding obligations tied to vesting equity awards under a mandated "sell to cover" policy and a Rule 10b5-1 trading arrangement, meaning the sale was not a discretionary decision. After this transaction, Simpson directly holds 581,018 common units.
TXO Partners, L.P. director Keith A. Hutton reported a bona fide gift of 720,000 TXO units. These units were transferred to be held in trust for certain family members, with no sale price involved. Following the gift, he directly holds 4,100,215 units of TXO Partners, L.P.
TXO Partners, L.P. filed an amended annual report to add KPMG LLP’s Fort Worth, Texas location to the independent audit opinion; no other disclosures from the original filing were changed or updated.
For 2025, TXO reported total revenues of $401,012 (thousands) and a net loss of $21,619 (thousands). Cash provided by operating activities was $118,187 (thousands), while significant investing outflows reflected oil and gas acquisitions, including the White Rock Energy assets acquired for cash consideration of $331,600 (thousands) with a $70,000 (thousands) deferred payment. Long-term debt rose to $291,100 (thousands), total assets reached $1,354,903 (thousands), and cash distributions to common unitholders totaled $101,415 (thousands). The partnership’s standardized measure of discounted future net cash flows relating to proved reserves was $1,095,493 (thousands) at year-end, reflecting reserve additions, acquisitions in the Williston Basin, and commodity price-driven revisions.
TXO Partners, L.P. announced that Cross Timbers Energy, LLC, a joint venture in which it holds a 50% interest, has agreed to sell oil and gas properties for approximately $200 million in aggregate consideration to multiple private buyers. These sales, if completed, will represent substantially all of Cross Timbers’ assets, including a purchase and sale agreement with CTOC Energy, LLC for about $123.5 million. TXO expects to receive roughly $100 million in net proceeds and plans to use a portion to fund a $70 million deferred payment due July 31, 2026 for its 2025 acquisition from White Rock Energy, LLC. The transactions are expected to close in the second quarter of 2026, subject to customary closing conditions, and will leave TXO focused on the Williston Basin, San Juan Basin, and the Vacuum and Parker fields in the Permian Basin.
TXO Partners, L.P. is a conventional oil and gas partnership focused on the Permian, San Juan and Williston basins, emphasizing low-decline, producing assets and quarterly cash distributions. As of December 31, 2025, it held 1,294,761 gross acres and estimated proved reserves of 129 MMBoe, about 80% proved developed and 60% liquids.
Average 2025 production was 28,268 Boe per day, with revenues derived 70% from oil, 21% from natural gas and 9% from NGLs before unrealized hedging effects. TXO completed the $331.6 million WRE Acquisition in the Williston Basin and plans a roughly $70 million 2026 development budget, largely funded from operating cash flow.
Proved undeveloped reserves totaled 25.4 MMBoe, with $220.8 million of projected development spending scheduled from 2026 through 2030. The partnership highlights significant basin-specific drilling plans, extensive operated and non-operated well interests, a sizable Cross Timbers joint venture, and active hedging under its Credit Facility to help stabilize distributions amid commodity price volatility.
TXO Partners, L.P. declared a quarterly cash distribution of $0.30 per common unit for the quarter ended December 31, 2025. The distribution will be paid on March 17, 2026 to unitholders of record at the close of trading on March 10, 2026.
The company also stated it will file its Annual Report on Form 10-K for 2025, which will contain its full-year financial statements and footnotes. TXO highlighted growth in its Elm Coulee operations and ongoing focus on the Mancos, Williston and Permian basins.
For non-U.S. investors, TXO noted this notice qualifies under Treasury Regulations Section 1.1446-4(b) and that 100% of the distribution should be treated as effectively connected income and as in excess of cumulative net income, making it subject to U.S. federal withholding at the highest applicable effective tax rate, with brokers and nominees responsible for withholding.