Latest news with #TXOPartners
Globe and Mail
05-08-2025
- Business
- Globe and Mail
TXO Partners Declares a Second Quarter 2025 Distribution of $0.45 on Common Units; Files Quarterly Report on Form 10-Q
TXO Partners, L.P. (NYSE, NYSE Texas: TXO) announced today that the Board of Directors of its general partner declared a distribution of $0.45 per common unit for the quarter ended June 30, 2025. The quarterly distribution will be paid on August 22, 2025, to eligible unitholders of record as of the close of trading on August 15, 2025. 'TXO Partners is focused on the longevity and durability of our unique production and distribution partnership within the energy sector. We prioritize financial discipline while building for the future with long-lived legacy properties,' commented Brent W. Clum, Co-Chief Executive Officer & CFO. 'For the owners, we are proud to deliver $0.45 per unit this quarter and look forward to the active development projects spanning our portfolio, particularly in three key areas—the Williston Basin, the Permian Basin and Mancos Shale.' Gary D. Simpson, Co-Chief Executive Officer, added, 'With the closing of the White Rock transaction last week, we continue to enhance the underlying value of TXO with captured exploitation opportunities and an ever-expanding oil resource base in the Bakken. Coupled with last year's return to the Elm Coulee field, this recent addition expands our production volumes to greater than 10,000 barrels of oil per day. Our 100-plus horizontal drilling locations allow for not only growth visibility but also for planning our pace of distributions over the coming years.' 'Our model is anchored with strong capital allocation focus, robust operating margins and diligence with commodity hedging. We proactively financed this recent purchase with our May equity raise and an upsized credit facility, all providing strategic confidence and stability,' further stated Mr. Clum. 'All together, we are constructing TXO Partners to thrive in the volatile marketplace of today and over the long-haul.' Quarterly Report on Form 10-Q TXO's financial statements and related footnotes will be available in the Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, which TXO will file with the Securities and Exchange Commission (SEC) today. The 10-Q will be available on TXO's Investor Relations website at or on the SEC's website at Non-U.S. Withholding Information This press release is intended to be a qualified notice under Treasury Regulations Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100%) of TXO's distribution to foreign unitholders as being attributable to income that is effectively connected with a United States trade or business. Accordingly, TXO's distributions to foreign unitholders are subject to federal income tax withholding at the highest applicable effective tax rate. For purposes of Treasury Regulations Section 1.1446(f)-4(c)(2)(iii), brokers and nominees should treat one hundred percent (100%) of the distributions as being in excess of cumulative net income for purposes of determining the amount to withhold. Nominees, and not TXO, are treated as withholding agents responsible for any necessary withholding on amounts received by them on behalf of foreign unitholders. About TXO Partners, L.P. TXO Partners, L.P. is a master limited partnership focused on the acquisition, development, optimization and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. TXO's current acreage positions are concentrated in the Permian Basin of West Texas and New Mexico, the San Juan Basin of New Mexico and Colorado and the Williston Basin of Montana and North Dakota. Cautionary Statement Concerning Forward-Looking Statements Certain statements contained in this press release constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the words such as 'may,' 'assume,' 'forecast,' 'could,' 'should,' 'will,' 'plan,' 'believe,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'project,' 'budget' and similar expressions, although not all forward-looking statements contain such identifying words. These forward-looking statements include our ability to manage our cashflow, our ability to execute our strategy, the timing, amount and area of focus of future investments in our assets and the impacts of future commodity price changes. These forward-looking statements are based on management's current belief, based on currently available information, as to the outcome and timing of future events at the time such statement was made, and it is possible that the results described in this press release will not be achieved. Our assumptions and future performance are subject to a wide range of business risks, uncertainties and factors, including, without limitation, the following: our ability to meet distribution expectations and projections; the volatility of oil, natural gas and NGL prices; our ability to safely and efficiently operate TXO's assets; our ability to integrate the acquired assets and realize the anticipated benefits of the acquisition; uncertainties about our estimated oil, natural gas and NGL reserves, including the impact of commodity price declines on the economic producibility of such reserves, and in projecting future rates of production; and the risks and other factors disclosed in TXO's filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, TXO does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for TXO to predict all such factors.
Business Wire
05-08-2025
- Business
- Business Wire
TXO Partners Declares a Second Quarter 2025 Distribution of $0.45 on Common Units; Files Quarterly Report on Form 10-Q
FORT WORTH, Texas--(BUSINESS WIRE)--TXO Partners, L.P. (NYSE, NYSE Texas: TXO) announced today that the Board of Directors of its general partner declared a distribution of $0.45 per common unit for the quarter ended June 30, 2025. The quarterly distribution will be paid on August 22, 2025, to eligible unitholders of record as of the close of trading on August 15, 2025. 'TXO Partners is focused on the longevity and durability of our unique production and distribution partnership within the energy sector. We prioritize financial discipline while building for the future with long-lived legacy properties,' commented Brent W. Clum, Co-Chief Executive Officer & CFO. 'For the owners, we are proud to deliver $0.45 per unit this quarter and look forward to the active development projects spanning our portfolio, particularly in three key areas—the Williston Basin, the Permian Basin and Mancos Shale.' Gary D. Simpson, Co-Chief Executive Officer, added, 'With the closing of the White Rock transaction last week, we continue to enhance the underlying value of TXO with captured exploitation opportunities and an ever-expanding oil resource base in the Bakken. Coupled with last year's return to the Elm Coulee field, this recent addition expands our production volumes to greater than 10,000 barrels of oil per day. Our 100-plus horizontal drilling locations allow for not only growth visibility but also for planning our pace of distributions over the coming years.' 'Our model is anchored with strong capital allocation focus, robust operating margins and diligence with commodity hedging. We proactively financed this recent purchase with our May equity raise and an upsized credit facility, all providing strategic confidence and stability,' further stated Mr. Clum. 'All together, we are constructing TXO Partners to thrive in the volatile marketplace of today and over the long-haul.' Quarterly Report on Form 10-Q TXO's financial statements and related footnotes will be available in the Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, which TXO will file with the Securities and Exchange Commission (SEC) today. The 10-Q will be available on TXO's Investor Relations website at or on the SEC's website at Non-U.S. Withholding Information This press release is intended to be a qualified notice under Treasury Regulations Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100%) of TXO's distribution to foreign unitholders as being attributable to income that is effectively connected with a United States trade or business. Accordingly, TXO's distributions to foreign unitholders are subject to federal income tax withholding at the highest applicable effective tax rate. For purposes of Treasury Regulations Section 1.1446(f)-4(c)(2)(iii), brokers and nominees should treat one hundred percent (100%) of the distributions as being in excess of cumulative net income for purposes of determining the amount to withhold. Nominees, and not TXO, are treated as withholding agents responsible for any necessary withholding on amounts received by them on behalf of foreign unitholders. About TXO Partners, L.P. TXO Partners, L.P. is a master limited partnership focused on the acquisition, development, optimization and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. TXO's current acreage positions are concentrated in the Permian Basin of West Texas and New Mexico, the San Juan Basin of New Mexico and Colorado and the Williston Basin of Montana and North Dakota. Cautionary Statement Concerning Forward-Looking Statements Certain statements contained in this press release constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the words such as 'may,' 'assume,' 'forecast,' 'could,' 'should,' 'will,' 'plan,' 'believe,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'project,' 'budget' and similar expressions, although not all forward-looking statements contain such identifying words. These forward-looking statements include our ability to manage our cashflow, our ability to execute our strategy, the timing, amount and area of focus of future investments in our assets and the impacts of future commodity price changes. These forward-looking statements are based on management's current belief, based on currently available information, as to the outcome and timing of future events at the time such statement was made, and it is possible that the results described in this press release will not be achieved. Our assumptions and future performance are subject to a wide range of business risks, uncertainties and factors, including, without limitation, the following: our ability to meet distribution expectations and projections; the volatility of oil, natural gas and NGL prices; our ability to safely and efficiently operate TXO's assets; our ability to integrate the acquired assets and realize the anticipated benefits of the acquisition; uncertainties about our estimated oil, natural gas and NGL reserves, including the impact of commodity price declines on the economic producibility of such reserves, and in projecting future rates of production; and the risks and other factors disclosed in TXO's filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, TXO does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for TXO to predict all such factors.
Yahoo
14-07-2025
- Business
- Yahoo
TXO Executives Make Bold Moves Following Major Acquisition Announcement
TXO Partners, L.P. (NYSE:TXO) is one of the . In the month of May, the company saw significant positive movements in the insider transactions, following a major acquisition announcement. An oil rig surrounded by the expanse of sea, the pumping operations in progress. TXO Partners, L.P. (NYSE:TXO) is an oil and natural gas partnership. The firm is focused on acquiring, developing, optimizing, and exploiting conventional hydrocarbon reserves. Headquartered in Texas, the company's assets are concentrated in the Permian, San Juan, and Williston Basins across North America. On May 13, 2025, the company made an announcement to acquire oil, gas, and mineral assets from White Rock Energy, LLC for approximately $350 million. The company intended to carry on this acquisition in partnership with North Hudson Resource Partners LP. The acquisition, expected to be completed in the third quarter of 2025, could elevate the position of TXO Partners, L.P. (NYSE:TXO) in the oil market. Following this announcement, multiple top executives of the company purchased significant shares during May. Director Bob R. Simpson initiated the activity with a purchase of 2,250,000 shares valued at $33,750,000. After him, Director Keith A. Hutton acquired 700,000 shares for $10,500,000. Director Lawrence Massaro invested $300,000 in the company by purchasing 20,000 shares, and Director Phillip Kevil acquired 3,000 shares in a transaction valued $45,540. These purchases contributed to a 22.50% increase in insider transactions, reflecting a show of high confidence in the company's growth prospects. While we acknowledge the potential of TXO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best High Risk Penny Stocks to Invest in and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-07-2025
- Business
- Yahoo
TXO Partners LP (TXO) Stock Dips While Market Gains: Key Facts
In the latest close session, TXO Partners LP (TXO) was down 1.18% at $15.04. This move lagged the S&P 500's daily gain of 0.52%. At the same time, the Dow added 0.63%, and the tech-heavy Nasdaq gained 0.48%. The company's stock has climbed by 1.74% in the past month, falling short of the Oils-Energy sector's gain of 3.92% and the S&P 500's gain of 4.27%. Investors will be eagerly watching for the performance of TXO Partners LP in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.18, indicating a 100% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $81.89 million, up 42.89% from the year-ago period. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.83 per share and a revenue of $391.11 million, indicating changes of +27.69% and +38.29%, respectively, from the former year. It is also important to note the recent changes to analyst estimates for TXO Partners LP. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, TXO Partners LP possesses a Zacks Rank of #5 (Strong Sell). In the context of valuation, TXO Partners LP is at present trading with a Forward P/E ratio of 18.34. This indicates a premium in contrast to its industry's Forward P/E of 16.59. The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 212, putting it in the bottom 14% of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TXO Partners LP (TXO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
30-06-2025
- Business
- Yahoo
TXO Partners' Dividend Stands Out Amid Insider Buying and Acquisition News
TXO Partners, L.P. (NYSE:TXO) is one of the 10 dividend bargains trading below insiders' prices. The company experienced a significant movement in its insider transactions following the announcement of an acquisition deal in May. An oil rig surrounded by the expanse of sea, the pumping operations in progress. TXO Partners, L.P. (NYSE:TXO), based in Texas, is an oil and natural gas company focused on acquiring, developing, optimizing, and exploiting conventional hydrocarbon reserves in North America. The company holds assets in the Permian, San Juan, and Williston Basins. Established in 2012, the company's focus is on operational efficiency and low‑risk, long‑lived properties. On May 13, 2025, the company announced entering into a definitive agreement to acquire oil, gas, and mineral assets from White Rock Energy, LLC. The acquisition, valued at $350 million, with an additional $70 million payable a year after closing, involved the company's subsidiary, Morningstar Operating LLC, partnering with North Hudson Resource Partners LP. Following the announcement, on May 20, 2025, TXO Partners, L.P. (NYSE:TXO) saw insider buying from William H. Adams III, who acquired 10,000 shares at $15.26 each, committing $152,600 to the transaction. The purchase increases the insider optimism for the company, and with the stock now trading at a bargain price of $15.16 and offering a high dividend yield of 15.63%, income-focused investors are provided with a slightly discounted entry point. While we acknowledge the potential of TXO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Low Risk Dividend Paying Stocks for June 2025 and 10 Best Dividend Stocks According to Jim Cramer Disclosure. None.
