Latest news with #TXOPartners
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.
Business Wire
22-05-2025
- Business
- Business Wire
TXO Partners Announces Dual Listing on NYSE Texas
FORT WORTH, Texas--(BUSINESS WIRE)--TXO Partners, L.P. (NYSE: TXO) ('TXO') announced today a dual listing of its common units on NYSE Texas Inc. ('NYSE Texas'), the newly launched, fully electronic equities exchange headquartered in Dallas, TX. TXO will maintain its primary listing on the New York Stock Exchange (the 'NYSE') and will trade under the same ticker symbol, 'TXO,' on NYSE Texas. 'The founders of TXO have a relationship with the NYSE dating back to 1980, with six listed companies over the last forty-five years,' stated Gary D. Simpson, Co-Chief Executive Officer. 'This new venture is a bold initiative for the exchange and TXO Partners in our home state.' Brent W. Clum, Co-Chief Executive Officer and Chief Financial Officer, commented, 'We are excited to support the launch of the NYSE Texas as a Founding Member. Fort Worth-based TXO Partners is Texas proud as a unique production and distribution company within the energy sector.' 'We are pleased to welcome and list TXO Partners as Founding Members of NYSE Texas,' said Chris Taylor, Chief Development Officer, NYSE Group. 'As pioneers in the energy space, this listing cements both TXO's and NYSE's support for the innovation in capital markets across Texas and we thank Gary, Brent and the TXO team for their continued support of our world-class offerings.' 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 may 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 'possible,' 'if,' 'will,' 'expect,' 'project,' 'budget,' and similar expressions, although not all forward-looking statements contain such identifying words. These forward-looking statements represent TXO's expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved, and they are subject to risks, uncertainties and other factors, many of which are outside of TXO's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.
Business Wire
19-05-2025
- Business
- Business Wire
TXO Partners, L.P. Announces Full Exercise and Closing of Underwriters' Option
FORT WORTH, Texas--(BUSINESS WIRE)--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 Rock Energy, LLC, a portfolio company of Quantum Capital Group (the 'Acquisition'). Pending the closing of the Acquisition, and in the event that the Acquisition is not completed, the proceeds from the option exercise will be used to repay the outstanding borrowings under TXO's revolving credit facility and for general partnership purposes. Raymond James and Stifel are acting as joint book-running managers for the offering. Capital One Securities, Mizuho, and Texas Capital Securities are also acting as joint book-running managers for the offering. The offering is being made pursuant to a combined prospectus with respect to two effective shelf registration statements, filed by TXO with the Securities and Exchange Commission ('SEC'). The offering of these securities may be made only by means of the prospectus supplement and the accompanying base prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. When available, a copy of the prospectus supplement may be obtained from any of the following sources: You may also obtain these documents for free when they are available by visiting EDGAR on the SEC website at Important Information This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. 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 'possible,' 'if,' 'will' and 'expect' and contain statements regarding the size, timing or results of the offering and the proposed Acquisition. These forward-looking statements represent TXO's expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved, and they are subject to risks, uncertainties and other factors, many of which are outside of TXO's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. 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. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements discussed in "Risk Factors" in our prospectus supplement, the Registration Statements on Form S-3, our Annual Report on Form 10-K for the year ended December 31, 2024, our Quarterly Reports on Forms 10-Q filed with the U.S. Securities and Exchange Commission and our other filings with the SEC. These risks include, but are not limited to, our ability to consummate the proposed Acquisition on the terms currently contemplated, and satisfaction of customary closing conditions related to the proposed Acquisition. The risk factors and other factors noted above could cause its actual results to differ materially from those contained in any forward-looking statement. You are cautioned not to place undue reliance on these forward-looking statements.
