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.

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