TXO Partners, L.P. (TXO): M&A transaction — TXO Partners closes acquisition of Williston Basin assets for $241.8M cash and $50M units

TXO Partners, L.P.

EMEP H1 2024 net loss $5.1M vs net income $18.1M in H1 2023; revenue $28.3M vs $37.9M.
EMEP incurred $10.3M impairment in H1 2024 and has $48.4M in debt.
TXO paid $241.8M cash and 2.5M common units valued at $50.0M, subject to customary adjustments.
Pro forma financials filed for periods ended June 30, 2024 and Dec 31, 2023.
Acquisition closed Aug 30, 2024; assets located in Williston Basin of Montana and North Dakota.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

TXO Partners, L.P. completed an acquisition involving Eagle Mountain Energy Partners, LLC and VR4-ELM, LP (closed 2024-08-30).

Action: acquisition
Counterparty: Eagle Mountain Energy Partners, LLC and VR4-ELM, LP
Closing: 2024-08-30

Exact text from the filing

the Partnership and its wholly-owned subsidiary, Morningstar Operating LLC, closed the previously announced acquisition of certain producing oil and gas assets located in the Williston Basin of Montana and North Dakota from Eagle Mountain Energy Partners, LLC, a Delaware limited liability company (“EMEP”), and VR4-ELM, LP, a Texas limited partnership (“Vendera” and together with EMEP, the “EMEP Sellers”)

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TXO Partners, L.P. filing history →

Source: SEC EDGAR

accession 0001193125-24-257262

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