TXO Partners (TXO)
Acquires and optimizes conventional oil and gas properties across three US basins.
Something off on this page? Send us feedback.
Acquires, develops, and optimizes producing oil, natural-gas, and NGL properties across the Permian, San Juan, and Williston basins. The partnership focuses on conventional reservoirs and distributes available cash to common unitholders after reserves set by its general partner.
Acquires, develops, and optimizes conventional oil, natural-gas, and NGL properties in the Permian, San Juan, and Williston basins. Operations emphasize producing conventional reservoirs, improving existing wells, and integrating selected property acquisitions across the western United States.
Executes through a founder-rooted operating team whose senior leadership has worked together since the partnership's early years. Its portfolio spans West Texas, New Mexico, Colorado, Montana, and North Dakota, while the producing-asset model centers on efficiency and optimization rather than undeveloped acreage alone.
Operates as a master limited partnership whose agreement requires quarter-end available cash to be distributed after reserves established by the general partner. Results therefore depend on commodity-linked production, reservoir performance, operating execution, acquisition integration, and the reserve decisions built into the partnership structure.
Company facts
Unavailable right now.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $107.5M · Total debt $340.1M · Total assets $1.25B · Shareholders' equity $648.1M
- Revenue
- $150.9M
- Operating income
- $57.7M
- Net income
- $60.8M
Last raised to $0.40 from $0.36 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Aug 21 | $0.40 | raised from $0.36 |
| May 15, 2026 | May 15 | May 22 | $0.36 | raised from $0.30 |
| Mar 10, 2026 | Mar 10 | Mar 17 | $0.30 | cut from $0.35 |
| Nov 14, 2025 | Nov 14 | Nov 21 | $0.35 | cut from $0.45 |
| Aug 15, 2025 | Aug 15 | Aug 22 | $0.45 | cut from $0.61 |
| May 16, 2025 | May 16 | May 23 | $0.61 | |
| Mar 14, 2025 | Mar 14 | Mar 21 | $0.61 | raised from $0.58 |
| Nov 15, 2024 | Nov 15 | Nov 22 | $0.58 | raised from $0.57 |
| Institutions58 holders · as of Jun 30, 2026 | 23.96% | 13.28M shares | |
| Insiders11 holders · as of Aug 13, 2026 | 37.34% | 20.70M shares | |
| Otherremainder | 38.70% | 21.46M shares |
55.45M company shares as of Sep 3, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Bob R. SimpsonInsiderdirector, 10 percent owner | 17.13% | 9.50M | Form 4filed Aug 13, 2026 ↗ |
Keith A. HuttonInsiderdirector | 8.69% | 4.82M | 13Dfiled May 19, 2025 ↗ |
J. Luther King, Jr.Insider | 6.86% | 3.80M | 13Dfiled May 19, 2025 ↗ |
King Luther Capital Management CorpInstitution | 5.54% | 3.07M | 13Fas of Jun 30, 2026 |
Energy Income Partners, LLCInstitution | 2.95% | 1.64M | 13Fas of Jun 30, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 13, 2026 | Bob R. Simpson | director, 10 percent owner: | +125,000 | $14.32 |
| Aug 12, 2026 | Bob R. Simpson | director, 10 percent owner: | +25,000 | $14.43 |
| Aug 11, 2026 | Bob R. Simpson | director, 10 percent owner: | +100,000 | $14.27 |
| Aug 10, 2026 | Bob R. Simpson | director, 10 percent owner: | +50,000 | $14.17 |
| Aug 7, 2026 | Bob R. Simpson | director, 10 percent owner: | +100,000 | $13.52 |
- Mach Natural Resources
Closest public peer across Permian and San Juan upstream assets
- Riley Exploration Permian
Permian operator competing for producing assets and development inventory
- Permian Resources
Large Permian producer overlapping in acreage, acquisitions, and services
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TXO Partners | $14.84 | −0.20% | $819.8M | — | 21.2 | 2.0 | +67.9% |
| Mach Natural Resources | $12.70 | −0.08% | $2.12B | 22.7 | 9.4 | 1.5 | +40.7% |
| Riley Exploration Permian | $41.05 | −0.27% | $894.3M | 7.5 | 5.5 | 1.8 | +94.2% |
| Permian Resources | $23.59 | −0.99% | $19.94B | 15.7 | 10.7 | 3.5 | +55.2% |
| Median | 15.7 | 9.4 | 1.8 | +55.2% |