Date | Price Target | Rating | Analyst |
---|---|---|---|
4/23/2025 | $20.00 | Buy | Stifel |
2/21/2023 | $35.00 | Overweight | CapitalOne |
2/21/2023 | $34.00 | Strong Buy | Raymond James |
2/21/2023 | $31.00 | Buy | Stifel |
TXO Partners, L.P. (NYSE:TXO) ("TXO") today announced the full exercise of the underwriters' option to purchase an additional 1,750,000 of our common units representing limited partner interests in TXO (the "common units") at a price to the public of $15.00 per common unit, less underwriting discounts and commissions. The exercise of the underwriters' option closed on May 19, 2025. TXO expects to receive net proceeds of approximately $23.9 million from this option exercise, after deducting underwriting discounts and commissions. TXO intends to use the net proceeds from the option exercise to fund a portion of the cash consideration for the previously announced asset acquisition from White
TXO Partners, L.P. (NYSE:TXO) ("TXO") today announced the pricing of its public offering of $175 million of our common units, made up of 11,666,667 common units representing limited partner interests in TXO (the "common units") at price to the public of $15.00 per common unit. TXO has granted the underwriters an option to purchase up to an additional 1,750,000 common units at the public offering price, less underwriting discounts and commissions. The offering is expected to close on May 15, 2025, subject to customary closing conditions. TXO expects to receive net proceeds of approximately $165.3 million, after deducting underwriting discounts and commissions and excluding any exercise of t
TXO Partners, L.P. (NYSE:TXO) ("TXO") today announced, subject to market and other conditions, the commencement of an underwritten public offering of $175 million of our common units representing limited partner interests in TXO (the "common units"). TXO expects to grant the underwriters a 30-day option to purchase up to an additional $26.25 million of our common units at the public offering price, less underwriting discounts and commissions. TXO intends to use the net proceeds from this offering, if consummated, to fund a portion of the cash consideration for the previously announced asset acquisition from White Rock Energy, LLC, a portfolio company of Quantum Capital Group (the "Acquisiti
TXO Partners, L.P. (NYSE:TXO) ("TXO") announced today that it has entered into a purchase agreement with White Rock Energy, LLC ("White Rock"), a portfolio company of Quantum Capital Group, to purchase producing assets in the Elm Coulee field in the Williston Basin of Montana and North Dakota. The total cash consideration by TXO will be approximately $350 million, subject to customary purchase price adjustments. Of this purchase price, $70 million will be deferred and payable one year after the initial closing. The agreement was signed in partnership with North Hudson Resource Partners LP ("North Hudson"), whose affiliates will acquire a 30% non-operated interest in the White Rock assets. T
TXO Partners, L.P. (NYSE:TXO) announced today that the Board of Directors of its general partner declared a distribution of $0.61 per common unit for the quarter ended March 31, 2025. The quarterly distribution will be paid on May 23, 2025, to eligible unitholders of record as of the close of trading on May 16, 2025. "With the greater uncertainty in the general markets, TXO Partners is focused on providing our investors with a sense of confidence through a durable distribution and a disciplined balance sheet," stated Gary D. Simpson, Co-Chief Executive Officer. "For the first quarter, TXO enjoyed steady operations while delivering $0.61 per unit to the owners. Looking ahead, we remain comm
TXO Partners, L.P. (NYSE:TXO) (the "Company") announced today that Bob R. Simpson will retire from the office of Chief Executive Officer of the Company's general partner (the "General Partner"), effective April 1, 2025. He will maintain his position as Chairman of the Board of Directors, ensuring continuity and strategic oversight. In conjunction with Mr. B. Simpson's retirement, Gary D. Simpson and Brent W. Clum will both be promoted to serve as Co-Chief Executive Officers. Additionally, effective April 1, 2025, Gary D. Simpson will join the Board of Directors of the General Partner. Mr. G. Simpson, who currently serves as President of Production and Development, will maintain his existing
TXO Partners, L.P. (NYSE:TXO) announced today that the Board of Directors of its general partner declared a distribution of $0.61 per common unit for the quarter ended December 31, 2024. The quarterly distribution will be paid on March 21, 2025, to eligible unitholders of record as of the close of trading on March 14, 2025. "As a unique production and distribution business, TXO focuses on delivering returns to our holders through both cash distribution and value creation per unit. We strive to grow our distributions every year, and since going public in January 2023, TXO has delivered $4.49 per unit to holders," stated Bob R. Simpson, Chairman and CEO. "Given our outlook, we are targeting
TXO Partners, L.P. (NYSE:TXO) is designed as a natural resources production company committed to distributing ongoing cash returns while delivering long-term value to unit holders. This strategy is based on its long-lived, low-risk property base, coupled with strong financial stewardship. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250115268438/en/TXO San Juan Mancos Acreage. (Photo: Business Wire) "TXO has built a portfolio of oil and gas rich assets with tremendous potential for development. The confidence we have in the performance of these properties provides the foundation for our premium distribution company," stated Bo
TXO Partners, L.P. (NYSE:TXO) announced today that the Board of Directors of its general partner declared a distribution of $0.58 per common unit for the quarter ended September 30, 2024. The quarterly distribution will be paid on November 22, 2024, to eligible unitholders of record as of the close of trading on November 15, 2024. "TXO Partners continues to deliver in our field operations and our financial stewardship as we are proud to announce a $0.58 distribution for the quarter," stated Bob R. Simpson, Chairman and CEO. "Further, we continue to align our leadership with the ongoing strategy for a stellar future. With that, Gary D. Simpson is stepping into the position of President of P
TXO Partners, L.P. (NYSE:TXO) announced today that the Board of Directors of its general partner declared a distribution of $0.57 per common unit for the quarter ended June 30, 2024. The quarterly distribution will be paid on August 27, 2024, to eligible unitholders of record as of the close of trading on August 20, 2024. "Our financial focus for the unit holders is stewardship of capital—in our allocation to producing assets, in our strong balance sheet, and critically, in our distribution of cash flow," stated Bob R. Simpson, Chairman and CEO. "As our investors enjoy quarterly cash returns, we will focus on accretive value creation. For the second quarter of 2024, we are proud to announ
Stifel resumed coverage of TXO Energy Partners with a rating of Buy and set a new price target of $20.00
CapitalOne initiated coverage of TXO Energy Partners with a rating of Overweight and set a new price target of $35.00
Raymond James initiated coverage of TXO Energy Partners with a rating of Strong Buy and set a new price target of $34.00
Stifel initiated coverage of TXO Energy Partners with a rating of Buy and set a new price target of $31.00
SCHEDULE 13D - TXO Partners, L.P. (0001559432) (Subject)
SCHEDULE 13D - TXO Partners, L.P. (0001559432) (Subject)
SCHEDULE 13D/A - TXO Partners, L.P. (0001559432) (Subject)
424B5 - TXO Partners, L.P. (0001559432) (Filer)
424B5 - TXO Partners, L.P. (0001559432) (Filer)
8-K - TXO Partners, L.P. (0001559432) (Filer)
424B5 - TXO Partners, L.P. (0001559432) (Filer)
424B5 - TXO Partners, L.P. (0001559432) (Filer)
8-K - TXO Partners, L.P. (0001559432) (Filer)
10-Q - TXO Partners, L.P. (0001559432) (Filer)
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SC 13G/A - TXO Partners, L.P. (0001559432) (Subject)
SC 13G/A - TXO Partners, L.P. (0001559432) (Subject)
SC 13D - TXO Partners, L.P. (0001559432) (Subject)
SC 13G/A - TXO Partners, L.P. (0001559432) (Subject)
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4 - TXO Partners, L.P. (0001559432) (Issuer)
4 - TXO Partners, L.P. (0001559432) (Issuer)
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