TXO Partners, L.P. (TXO): M&A transaction — TXO closes ~$200M Cross Timbers asset sale; nets ~$100M for debt reduction

TXO Partners, L.P.

Cross Timbers Energy, JV (TXO 50%), sold oil/gas properties for ~$200M aggregate consideration.
TXO netted ~$100M from its 50% stake; proceeds to pay down Credit Facility debt.
Sale included ~$123.5M CTOC transaction; CTOC owned by Chairman Bob R. Simpson (related party).
Pro forma 2025 net income of $28.5M vs. historical $(21.6M), boosted by removing $42.4M impairment.
Pro forma assets drop to $1.16B from $1.32B; debt reduced to $177M from $277M.

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 a disposition involving multiple private buyers, including CTOC Energy, LLC for approximately $200 million in aggregate consideration (closed 2026-05-28).

Action: disposition
Counterparty: multiple private buyers, including CTOC Energy, LLC
Consideration: approximately $200 million in aggregate consideration
Closing: 2026-05-28

Exact text from the filing

Partners, L.P. (the “Partnership”) holds a 50% interest, executed purchase and sale agreements with multiple private buyers to sell oil and gas properties totaling approximately $200 million in aggregate consideration (collectively, the “Cross Timbers Transactions”), including a purchase and sale agreement (the “Purchase Agreement”) with CTOC Energy, LLC (“CTOC”) for

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TXO Partners, L.P. filing history →

Source: SEC EDGAR

accession 0001559432-26-000007

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