Welcome to our dedicated page for TXO Partners, L.P. 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.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on TXO Partners, L.P.'s stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into TXO Partners, L.P.'s regulatory disclosures and financial reporting.
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.
TXO Partners, L.P. director J. Luther King Jr. reported an acquisition of 10,667 phantom common units on January 31, 2026, as a grant at a price of $0. Each phantom unit equals one common unit and will vest on January 31, 2027.
Following the award, he beneficially owned 751,111 common units directly. An additional 3,071,796 common units are reported as indirectly held through LKCM Investment Partnership, L.P., PDLP Morningstar, LLC, and a separately managed account advised by Luther King Capital Management Corporation, with Mr. King disclaiming beneficial ownership beyond his pecuniary interest.
TXO Partners, L.P. director William H. Adams III reported an award of additional equity-linked compensation. On January 31, 2026, he acquired 10,667 phantom units at a price of $0, increasing his beneficial ownership to 118,951 common units held directly.
Each phantom unit is economically equal to one common unit of TXO Partners and will be settled in common units when it vests. These phantom units are scheduled to vest on January 31, 2027, aligning the director’s compensation more closely with unitholder value over time.
TXO Partners, L.P. director Phillip R. Kevil reported a grant of 10,667 phantom units on January 31, 2026. These phantom units are economically equivalent to common units and will be settled in common units when they vest on January 31, 2027.
After this award, he beneficially owned 40,051 common units directly and 1,360 common units indirectly through his spouse.
TXO Partners, L.P. director and Co‑Chief Executive Officer Gary D. Simpson reported equity awards and a small share sale. On January 31, 2026, he acquired 155,556 phantom units and 52,769 performance units, each economically equivalent to one common unit and settling in common units upon vesting beginning January 31, 2027.
On the same date, he sold 8,126 common units at $12.07 per unit to cover tax withholding obligations tied to vesting equity awards under a Rule 10b5‑1 trading arrangement mandated by the issuer’s “sell to cover” policy. After these transactions, he directly owned 608,252 common units.
TXO Partners, L.P. director Lawrence S. Massaro reported receiving 10,667 common units in the form of phantom units on January 31, 2026. These were granted at a price of $0 per unit and increase his beneficial ownership to 34,567 common units held directly.
The phantom units are economically equivalent to TXO Partners common units and are scheduled to vest on January 31, 2027, at which time they will be settled in actual common units. This filing reflects an equity-based compensation award rather than an open‑market purchase or sale.
TXO Partners, L.P. insider Scott T. Agosta reported new equity awards and a related tax sale. On January 31, 2026, he received 35,556 phantom units and 21,109 performance units, each economically equivalent to one common unit and payable in common units when they vest starting January 31, 2027.
On the same date, he sold 10,689 common units at $12.07 per unit solely to cover tax withholding from vesting awards under a Rule 10b5-1 "sell to cover" arrangement, described as non‑discretionary. After these transactions, he directly held 205,474 common units.