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The latest announcement is out from TXO Energy Partners LP ( (TXO) ).
On March 10, 2026, TXO Partners said its 50%-owned joint venture Cross Timbers Energy agreed to sell substantially all of its oil and gas properties to multiple private buyers for about $200 million, including a $123.5 million deal with CTOC Energy, an entity owned by family members of TXO’s chairman. The purchase agreement, unanimously approved by the board and its conflicts committee, is expected to close in the second quarter of 2026, with customary conditions and no assurance all will be satisfied.
TXO expects roughly $100 million in net proceeds, which it plans to use in part to fund a $70 million deferred payment due July 31, 2026, tied to its 2025 acquisition of assets from White Rock Energy. Following the divestiture, management said the company will concentrate operations in the Williston and San Juan basins and in the Vacuum and Parker fields of the Permian, signaling a sharper geographic focus while Jefferies and Kelly Hart & Hallman advise on the transaction.
The most recent analyst rating on (TXO) stock is a Buy with a $19.00 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 in the energy sector focused on acquiring, developing, optimizing and exploiting conventional oil, natural gas and natural gas liquids reserves in North America. Its core acreage is concentrated 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.
The partnership targets mature, conventional fields where it can apply operational and development expertise to enhance recovery and cash flow. Its market focus centers on long-lived reserves and stable production profiles across key U.S. basins, supporting its income-oriented structure and capital allocation strategy.
Average Trading Volume: 243,512
Technical Sentiment Signal: Sell
Current Market Cap: $699.9M
For an in-depth examination of TXO stock, go to TipRanks’ Overview page.