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 and the San Juan Basin of New Mexico and Colorado.
Company profile
Ticker
TXO
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MorningStar Partners, L.P., TXO Energy Partners, L.P.
SEC CIK
Corporate docs
Subsidiaries
CT Field Services, LLC • MorningStar Operating LLC ...
IRS number
320368858
Latest filings (excl ownership)
8-K
Other Events
2 Jul 24
8-K
Txo Partners, L.P. Announces Pricing of Upsized Public Offering
28 Jun 24
424B5
Prospectus supplement for primary offering
27 Jun 24
424B5
Prospectus supplement for primary offering
25 Jun 24
8-K
Txo Partners, L.P. Announces Entry into Definitive Agreements for Assets In the Greater Williston Basin
25 Jun 24
10-Q
2024 Q1
Quarterly report
7 May 24
8-K
Txo Partners Declares a First Quarter 2024 Distribution of $0.65 on Common Units; Files Quarterly Report on Form 10-Q
7 May 24
EFFECT
Notice of effectiveness
15 Mar 24
424B3
Prospectus supplement
14 Mar 24
S-3
Shelf registration
5 Mar 24
Latest ownership filings
SC 13D
HUTTON KEITH A
2 Jul 24
SC 13G/A
KING LUTHER CAPITAL MANAGEMENT CORP
2 Jul 24
4
KEITH A HUTTON
28 Jun 24
4
BOB R SIMPSON
28 Jun 24
4
Luther King Jr
28 May 24
4
Luther King Jr
24 May 24
4
Change in insider ownership
6 May 24
4
Change in insider ownership
2 May 24
4
Scott T. Agosta
12 Mar 24
4
Brent W. Clum
12 Mar 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 4.57 mm | 4.57 mm | 4.57 mm | 4.57 mm | 4.57 mm | 4.57 mm |
Cash burn (monthly) | (no burn) | 223.17 k | (no burn) | 16.66 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | 862.87 k | n/a | 64.41 mm | n/a | n/a |
Cash remaining | n/a | 3.71 mm | n/a | -59.84 mm | n/a | n/a |
Runway (months of cash) | n/a | 16.6 | n/a | -3.6 | n/a | n/a |
Institutional ownership, Q1 2024
0.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 1 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 225.60 mm |
Total shares | 12.57 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Financial Symmetry | 12.57 k | $225.60 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Jun 24 | Bob R Simpson | Common Units | Buy | Acquire P | No | No | 20 | 100,000 | 2.00 mm | 4,500,000 |
28 Jun 24 | Keith A Hutton | Common Units | Buy | Acquire P | No | No | 20 | 878,000 | 17.56 mm | 4,000,215 |
24 May 24 | King Luther Jr | Common Units | Sell | Dispose S | Yes | No | 21.2428 | 10,000 | 212.43 k | 2,561,530 |
23 May 24 | King Luther Jr | Common Units | Sell | Dispose S | Yes | No | 21.1642 | 10,000 | 211.64 k | 2,571,530 |
22 May 24 | King Luther Jr | Common Units | Sell | Dispose S | Yes | No | 22.1977 | 10,000 | 221.98 k | 2,581,530 |
6 May 24 | Global Endowment Management | Common Units | Sell | Dispose S | Yes | No | 18.0328 | 15,237 | 274.77 k | 1,089,868 |
6 May 24 | Global Endowment Management | Common Units | Sell | Dispose S | Yes | No | 18.0328 | 26,741 | 482.22 k | 1,985,130 |
3 May 24 | Global Endowment Management | Common Units | Sell | Dispose S | Yes | No | 18.2083 | 7,114 | 129.53 k | 1,105,105 |
3 May 24 | Global Endowment Management | Common Units | Sell | Dispose S | Yes | No | 18.2083 | 13,972 | 254.41 k | 2,011,871 |
2 May 24 | Global Endowment Management | Common Units | Sell | Dispose S | Yes | No | 18.2548 | 8,559 | 156.24 k | 1,112,219 |