Simpson boosts TXO Partners (TXO) ownership to 16.2% after $14.4M unit purchases

Rhea-AI Filing Summary

TXO Partners, L.P. major unitholder Bob R. Simpson filed an amended Schedule 13D reporting increased ownership of the company’s common units. From May 21, 2026 to June 3, 2026, he purchased an additional 1,050,000 common units in open-market transactions for approximately $14.4 million using personal funds.

Following these purchases, Simpson beneficially owns 9,000,000 common units, representing 16.2% of TXO Partners’ outstanding common units. The filing states he holds sole voting and dispositive power over all 9,000,000 units, based on 55,446,407 common units outstanding as reported by the issuer.

Insights

Equity ownership analyst

Large insider increases stake to 16.2% via $14.4M open-market buying.

Bob R. Simpson, already a major holder of TXO Partners, L.P., increased his position by 1,050,000 common units through open-market purchases totaling about $14.4 million. These transactions were funded with personal capital, indicating a direct economic commitment.

After these trades, Simpson beneficially owns 9,000,000 common units, or 16.2% of the class, with sole voting and dispositive power. This level of ownership makes him a significant influence on unitholder matters, though the filing does not describe any change in control or new strategic plans.

The details by trade date and weighted average price are provided in an annex, with a commitment to furnish full breakdowns upon request. Subsequent ownership updates, if any, will appear in future beneficial ownership reports or similar disclosures.

Key Figures

New units purchased: 1,050,000 common units Purchase consideration: $14.4 million Total beneficial ownership: 9,000,000 common units +2 more

5 metrics

New units purchased 1,050,000 common units Acquired from May 21, 2026 to June 3, 2026

Purchase consideration $14.4 million Aggregate consideration for 1,050,000 common units

Total beneficial ownership 9,000,000 common units Beneficially owned by Bob R. Simpson after purchases

Ownership percentage 16.2% Percent of TXO common units outstanding

Units outstanding 55,446,407 common units TXO common units outstanding used for ownership calculation

Key Terms

Schedule 13D, beneficially owned, sole voting power, open-market transactions, +1 more

5 terms

Schedule 13D regulatory

"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

beneficially owned financial

"11Aggregate amount beneficially owned by each reporting person 9,000,000.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Sole Voting Power 9,000,000.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

open-market transactions financial

"purchased an aggregate of 1,050,000 Common Units in a series of open-market transactions"

Open-market transactions are purchases or sales of a company’s securities that take place on public exchanges rather than through private agreements. They matter to investors because these trades change the number of shares available, can move the stock price, and often signal management’s view of the company’s value—like a store restocking or clearing shelves, altering supply and the price shoppers see.

Common Units representing limited partner interests financial

"Title of Class of Securities: Common Units representing limited partner interests"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 06/04/2026 - 04:30 PM Accepted by SEC EDGAR 06/04/2026 - 04:30 PM Learn about SEC filing dates

FAQ

How many TXO (TXO Partners, L.P.) units does Bob R. Simpson now own?

Bob R. Simpson now beneficially owns 9,000,000 TXO Partners common units. The filing states this represents 16.2% of the outstanding class, based on 55,446,407 common units outstanding, and that he holds sole voting and dispositive power over all of these units.

What recent TXO unit purchases did Bob R. Simpson report in this Schedule 13D/A?

The amendment reports that Bob R. Simpson purchased 1,050,000 TXO common units. These acquisitions occurred between May 21, 2026 and June 3, 2026 in a series of open-market transactions, funded entirely with his personal funds according to the disclosure.

How much did Bob R. Simpson spend increasing his TXO Partners stake?

The filing states Simpson paid approximately $14.4 million in aggregate consideration for the 1,050,000 TXO common units. This figure reflects the combined cost of multiple open-market purchases during the May 21, 2026 to June 3, 2026 period described in the amendment.

What percentage of TXO Partners does 9,000,000 common units represent?

The 9,000,000 common units beneficially owned by Simpson represent 16.2% of TXO Partners’ common units. This percentage is calculated using 55,446,407 common units outstanding, a figure the reporting person notes was obtained from the issuer for the ownership computation.

Does Bob R. Simpson share voting or dispositive power over his TXO units?

According to the disclosure, Simpson has sole voting power and sole dispositive power over 9,000,000 TXO common units. The filing reports zero shared voting power and zero shared dispositive power, indicating exclusive authority over how these units are voted and potentially sold.

How were the recent TXO unit purchases by Simpson executed?

The amendment explains that the additional 1,050,000 TXO common units were acquired through open-market transactions. It notes that detailed information by trade date and weighted average price is provided in an annex, and full price-by-trade breakdowns are available upon request to authorized parties.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

TXO Partners, L.P.

(Name of Issuer)

Common Units representing limited partner interests

(Title of Class of Securities)

87313P103

(CUSIP Number)

Bob R. Simpson
c/o TXO Partners, L.P., 400 West 7th Street
Fort Worth, TX, 76102
(817) 334-7800

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/02/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 87313P103

1

Name of reporting person

Bob R. Simpson

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 9,000,000.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 9,000,000.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

9,000,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

16.2 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Units representing limited partner interests
(b)	Name of Issuer: TXO Partners, L.P.
(c)	Address of Issuer's Principal Executive Offices: 400 West 7th Street, Fort Worth, TEXAS , 76102.
Item 1 Comment: This Amendment No. 2 to Schedule 13D (this "Amendment No. 2") amends and supplements the statement on Schedule 13D filed with the United States Securities and Exchange Commission on May 19, 2025 (as amended to date, the "Schedule 13D"), relating to the Common Units representing limited partner interests (the "Common Units"), of TXO Partners, L.P., a Delaware limited partnership (the "Issuer"). Capitalized terms used herein without definition shall have the meaning set forth in the Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of the Schedule 13D is amended and supplemented as follows: From May 21, 2026 to June 3, 2026, the Reporting Person purchased an aggregate of 1,050,000 Common Units for aggregate consideration of approximately $14.4 million. The Reporting Person used personal funds for each of these acquisitions.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5 of the Schedule 13D is amended and restated as follows: Amount beneficially owned: 9,000,000 Percent of Class: 16.2%
(b)	Number of shares the Reporting Person has: o Sole power to vote or direct the vote: 9,000,000 o Shared power to vote: 0 o Sole power to dispose or direct the disposition of: 9,000,000 o Shared power to dispose or direct the disposition of: 0 The Reporting Person is the record holder of the Common Units reported herein. The above percentage is based on 55,446,407 Common Units outstanding based on information received from the Issuer.
(c)	Since Amendment No. 1, the Reporting Person has purchased an aggregate of 1,050,000 Common Units in a series of open-market transactions. Details by date, listing the number of Common Units purchased and the weighted average price per Common Unit, are provided in Annex A. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of Common Units purchased at each separate price for each transaction.
(d)	None.
(e)	Not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Bob R. Simpson

Signature:	/s/ Bob R. Simpson
Name/Title:	Bob R. Simpson
Date:	06/04/2026