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An announcement from TXO Energy Partners LP ( (TXO) ) is now available.
On May 13, 2025, TXO Partners, L.P. entered into an underwriting agreement for a public offering of 11,666,667 common units, with an option for underwriters to purchase an additional 1,750,000 units. The offering, expected to close on May 15, 2025, aims to raise approximately $165.3 million after expenses, to fund a portion of the acquisition of oil and gas properties from White Rock Energy, LLC. If the acquisition does not proceed, the funds will be used to repay borrowings and for general purposes.
The most recent analyst rating on (TXO) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on TXO Energy Partners LP stock, see the TXO Stock Forecast page.
More about TXO Energy Partners LP
TXO Partners, L.P. is a master limited partnership that focuses on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. The company has significant acreage positions 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.
Average Trading Volume: 117,756
Technical Sentiment Signal: Hold
Current Market Cap: $723.9M
See more data about TXO stock on TipRanks’ Stock Analysis page.