MorningStar Partners LPNYSE: TXO

FORT WORTH, Texas--(BUSINESS WIRE)--TXO Partners, L.P. (NYSE: TXO) (“TXO”) today announced the pricing of its public offering of 6,500,000 common units representing limited partner interests in TXO (the “common units”) at price to the public of $20.00 per common unit. The offering size was increased from the previously announced offering size of 5,000,000 common units. TXO has granted the underwriters an option to purchase up to an additional 975,000 common units at the public offering price, l.

TXO Partners LP (TXO) concluded the recent trading session at $21.93, signifying a +0.14% move from its prior day's close.

FORT WORTH, Texas--(BUSINESS WIRE)--TXO Partners, L.P. (NYSE: TXO) (“TXO”) today announced, subject to market and other conditions, the commencement of an underwritten public offering of 5,000,000 common units representing limited partner interests in TXO (the “common units”). TXO expects to grant the underwriters a 30 day option to purchase up to an additional 750,000 common units at the public offering price, less underwriting discounts and commissions. TXO intends to use the net proceeds fro.

FORT WORTH, Texas--(BUSINESS WIRE)--TXO Partners, L.P. (NYSE: TXO) (“TXO”) announced today that it has entered into separate purchase agreements with Eagle Mountain Energy Partners (A Pearl Energy Investments Portfolio Company) and a private company to purchase assets in the Elm Coulee field in Montana and the Russian Creek field in North Dakota for total cash considerations of $243 million and 2.5 million common units of TXO, subject to customary purchase price adjustments. “TXO uniquely opera.

Investors seeking to capitalize on strong stocks in motion may find TXO Partners LP (TXO) to be a promising option. It is among the stocks that have passed our "Recent Price Strength" screening process.

Here is how TXO Partners LP (TXO) and Williams Companies, Inc. (The) (WMB) have performed compared to their sector so far this year.

TXO Partners, L.P. units are trading at a pro forma 11.44% current yield after declining following its 3Q23 financial report. The company is focused on the acquisition and development of reserves in North America, with assets in the Permian Basin and San Juan Basin. The stock also saw some insider buying in November.  A full investment analysis follows in the paragraphs below.